............................................................................................................................ 1
............................................................................................................................ 2
................................................................................................ 3
........................................................................................................................................ 4
........................................................................................................................................ 5
.......................................................................................................................... 10
.......................................................................................................................... 84
............................................................................................................ 91
.................................................................................................. 138
.................................................................................................. 158
.................................................................................................. 253.......................................................................................................... 253
.................................................................................................. 511
.................................................................................................. 746
.................................................................................................. 746
.................................................................................................. 815.......................................................................................................... 988
........................................................................................ 1003
.................................................................................................... 1042
.................................................................................................... 1049
.................................................... 1087
........................................................................................ 1092................................................................................................ 1094........................................................................................................ 1096
88.41%
100%
10.95%
10
50,000.00
88.41% 100%
2017 2018 2019 1-9
2018
2019
26 26
2018
2016 9
128 2007 128
88.41%
100% 10.95%
10
50,000.00
100%
20% 198,601,100
10
20 90%
2018 12 31
100% 100%
A B C=B-A D=C/A E F=E*B
571,812.99 622,999.00 51,186.01 8.95% 88.41% 550,812.20
87,597.54 101,899.68 14,302.14 16.33% 100.00% 101,899.68
659,410.53 724,898.68 65,488.15 9.93% - 652,711.88
10.95% 88.41%
100% 900
2020 12 31
100% 900
= 100% +
* -
88.41% 551,607.92
100% 101,899.68
653,507.60
2019 12 31
2019 6 30
2020 0132 2020 0133
100% 100%
A B C=B-A D=C/A E F=E*B
577,636.71 631,265.00 53,628.29 9.28% 88.41% 558,120.42
87,904.73 102,176.77 14,272.04 16.24% 100.00% 102,176.77
665,541.43 733,441.77 67,900.34 10.20% - 660,297.19
88.41% 100%
558,120.42 102,176.77 2018 12 31
7,308.22 277.09
2018
12 31
88.41% 100%
88.41%
100% 10.95%
2018
514,918.20 285,170.05 129,846.61
1,431,406.87 658,347.37 411,807.30
277.99% 230.86% 317.15%
/
100% 556,447.69 88.41%
551,607.92 100% 101,899.68 100%86,536.57 658,347.37
5%
2019 3 14
24.48%
12
12
2020 2 4 12
2,000 30,000
2020 2 28 43,137,793
247,339,378 24.91%
8.0531%
36%
18.8297%
* *
26.8828% + 26.8828% +
*36% *36%
514,918.20 396,957.12 204,405.41 396,957.12 77.09%
285,170.05 180,741.89 204,405.41 204,405.41 71.68%
129,846.61 111,661.69 - 111,661.69 86.00%
99,300.55 26,368.63 - 26,368.63 26.55%
1
2
*26.8828% *36%
100%
A
1.00
1 23.01% 7,997.00 135,571.2376 185,206,608
2 18.83% 6,544.00 110,934.3100 151,549,603
3 10.00% 3,476.00 58,913.9000 80,483,469
4 9.29% 3,228.00 54,724.3247 74,760,006
5 8.06% 2,799.00 47,444.2103 64,814,494
6 6.52% 2,265.00 38,398.8027 52,457,380
7 3.43% 1,192.00 20,198.8139 27,594,008
8 3.13% 1,088.00 18,435.0163 25,184,448
9 2.95% 1,025.00 17,368.3535 23,727,258
10 1.26% 438.00 7,409.9319 10,122,857
11 0.60% 210.00 3,550.5824 4,850,522
12 0.39% 137.00 2,322.0043 3,172,137
13 0.25% 88.00 1,478.8911 2,020,343
14 0.14% 50.00 835.2502 1,141,052
15 0.14% 50.00 841.3021 1,149,319
16 0.11% 39.00 649.5349 887,342
17 0.11% 39.00 649.5349 887,342
18 0.10% 35.00 591.7689 808,427
19 0.03% 11.00 185.7153 253,709
20 0.03% 11.00 185.7153 253,709
21 0.03% 11.00 185.7153 253,709
22 36% 2,044.00 34,639.8848 47,322,246
23 34% 1,930.00 32,715.8912 44,693,840
24 20% 1,136.00 19,243.9360 26,289,530
25 10% 568.00 9,621.9680 13,144,765
36,411.00 617,096.5956 843,028,123
1
2
90% 20 60 120
/
20 60 120
/
90%
20 9.2207 8.2986
60 8.8232 7.9408
120 8.2382 7.4144
7.42 / 120
90%
P1=P0/(1+n)
P1=(P0+A k)/(1+k)
P1=(P0+A k)/(1+n+k)P1=P0-D
P1=(P0-D+A k)/(1+n+k)
P0 n k
A D P1
2019 5 17 20182018
993,005,502 0.10 9,930.06
2019 6 18
7.32 /
88.41%
100%
1
36
1 2020
40%
2 2021
70%
3100%
(A) 36 (B)
6
20 6
6
12
2
12
1 2020
40%
2 2021
70%
3100%
(A) 12 (B)
3
2019 3
12
36
1 2020
40%
2 2021
70%
3100%
(A) 36 (B)
12
10
50,000.00
100%
20% 198,601,100
10
20 90%
10 12
50,000.00
1 36,400.00 36,400.00
2 10,000.00 10,000.00
3 3,600.00 3,600.00
50,000.00 50,000.00
2020 2020
2021 2022 2020 2021 2022
42,210 44,030
46,640
2018 2 28
1
2
2020 2021 2022
42,210 44,030 46,640
2020 2021 2022
37,830 39,700 42,310
1
1
90%
90%
90%
90%
2
2
1
= -
= /
88.41%
=
-2
= -
-
88.41%
3
3
>
+
1
2
2018 2019
2018 1 1
2019 1-9 /2019 9 30 2019 1-9 /2019 9
30
2019 1-9 /2019 9 30
1,870,627.48 508,341.72 267.99%
924,453.10 292,713.35 215.82%
418,903.59 84,008.08 398.65%
36,178.34 18,689.27 93.58%
31,161.04 16,339.26 90.71%
31,727.20 16,971.94 86.94%
/ 0.2304 0.2279 1.10%
/ 0.1542 0.1425 8.20%
2018 /2018 12 31 2018 /2018 12 31
2018 /2018 12 31
1,971,382.12 514,918.20 282.85%
902,266.65 285,170.05 216.40%
541,570.70 129,846.61 317.08%
48,371.62 23,302.11 107.58%
40,056.76 20,186.36 98.43%
40,426.67 21,357.85 89.28%
/ 0.2202 0.2151 2.37%
/ 0.1450 0.1342 8.05%
2018
2019 1-9 0.2304 /
0.2279 / 1.10% 2019 1-9
0.1542 / 0.1425 / 8.20%
993,005,502 7.32 /
843,028,123
159,663,402 16.08% 224,477,896 12.23%
40,530,783 4.08% 40,530,783 2.21%
43,137,793 4.34% 43,137,793 2.35%
- - 47,322,246 2.58%
4,007,400 0.40% 4,007,400 0.22%
111,000,453 11.18% 111,000,453 6.05%
98,208,000 9.89% 98,208,000 5.35%
30,000,000 3.02% 30,000,000 1.63%
- - 185,206,608 10.09%
- - 151,549,603 8.25%
- - 119,453,846 6.51%
- - 80,483,469 4.38%
- - 52,457,380 2.86%
- - 27,594,008 1.50%
- - 26,289,530 1.43%
- - 25,184,448 1.37%
- - 23,727,258 1.29%
- - 13,144,765 0.72%
- - 10,122,857 0.55%
- - 4,850,522 0.26%
- - 3,172,137 0.17%
- - 2,020,343 0.11%
- - 1,141,052 0.06%
- - 1,149,319 0.06%
- - 887,342 0.05%
- - 887,342 0.05%
- - 808,427 0.04%
- - 253,709 0.01%
- - 253,709 0.01%
- - 253,709 0.01%
506,457,671 51.00% 506,457,671 27.58%
993,005,502 100.00% 1,836,033,625 100.00%
2019 3 14
24.48%
12
12
2020 2 28 43,137,793
247,339,378
24.91%
359,476,118 19.58%
993,005,502
1,836,033,625
10%
1 2019 3 25
2 2019 9 24
3 2019 9 27
4
5 2019 10 15
6 2019 10 18 2019
7 2019 12 11
8 2019 12 23
9 2019 12 27
,
2019
10 2020 1 17
2020 36
11 2020 3 6
12
1
2
3
1
2
3
4
5
6
1
2
3
4
1
2
3
4
1 12
1 2019
2020 2020
40%
2 2020
2020 2021
70%
3
100%
(A) 12 (B)
2
3
/
25%
1 2019 3
12 36
1 2019
2020 2020
40%
2 2020
2020 2021
70%
3
100%
(A) 36 (B)
2 2019 3
12 12
1 2019
2020 2020
40%
2 2020
2020 2021
70%
3
100%
(A) 12 (B)
3
4
/
25%
1 12
1 2019
2020 2020
40%
2 2020
2020 2021
70%
3
100%
(A) 36 (B)
2
3
/
25%
1 /
2 /
3 /
1
2 /
3
4
10%
1
2
3 36
4 ,
1
36
1 2020
40%
2 2021
70%
3100%
(A) 36 (B)
6
20 6
6
12
2
12
1 2020
40%
2 2021
70%
3100%
(A) 12 (B)
3
2019 3
12
36
1 2020
40%
2 2021
70%
3100%
(A) 36 (B)
12
2020 2020
2021 2022 2020 2021 2022
42,210 44,030
46,640
2018 2 28
2020 2021 2022
42,210 44,030 46,640
2020 2021 2022
37,830 39,700 42,310
2018 2019 1-9
2018 2019 1-9
1
2
3
4
5
www.sse.com.cn
2019
/
-
-
2020 2021
2022
2020 2021 37,830
2022 39,700
42,310
42,210 44,030
46,640
-
88.55% 88.41% 0.14189%
100% 100%
2019 6 30 2019 9 30 -
2019 6 30
2018 12 31 2018 12 31
88.55% 88.41%
552,493.17 551,607.92
100% 100%
101,899.68 101,899.68 0.14%
654,392.85 653,507.60
844,169,175 843,028,123 0.14%
50,000.00 50,000.00
2015 9 18
1
2
2
3
20%
1
20%
2
1
2
20%2019 10 18 2019
1
2
3
4
5
6
7
8
12
2020 3 6
2019 72
1
2015 3 15
( 2015 9 )
19.01 1 80%
2
1
2
59.27 3
4
57.88 1
2 +
3
1 2 35.85
22.34 3
1 2019 2
2
2015 2017 +
20162017 2
2018 2
2019 3
3
4
80%
2013 13
1
2
60% 96%
18 99
43
2018
51.49 197.14
28.52 90.23 12.98 54.16
2020 90%
2020 2021 2022
1.37 1.37 1.37
/ 0.1354 0.1354 0.1354
% 4.49% 4.49% 4.49%
4.81 4.99 5.25
/ 0.2620 0.2719 0.2861
% 4.77% 4.76% 4.82%
% 95.86% 103.40% 114.03%
% 6.36% 6.12% 7.33%
1 2020 2022 2017 -2019 3
2020 2022 2019 2019 2020
2022 2 2021 2022 2009 2019
2020 34
- -
4
2020 2021 2022
42,210.00 44,030.00 46,640.00
-4,375.31 -4,336.20 -4,328.24
37,830.00 39,700.00 42,310.00
1
2020 2022 42,210 44,030 46,640
2
2020 2022 37,830 39,700 42,310
3
1
1
2017 2018 2019
19.53 18.00 12.73 1
84.22 76.94 80.22
/ 0.4627 0.4798 0.4828
2.65 2.53 2.79
2.65 3.07 3.53
2
1 2019 72.78%
2 3
2020 2021 2022
16.95 17.04 17.04
111.23 115.12 121.37
4.03 4.12 4.39
4.33 4.38 4.61
0.44 0.43 0.43
3.59 3.69 3.96
2018 12 31
2
2006
2019 2021
2022
2019
3
2018
2017 2018 2019 1-9
1,236.16 7,486.73 0 2018 2 28
2017
1
2018
2017 5,446.59
2019
2019
2019 10
272,541.00 355,404.00 76.68%
202,184.00 243,727.00 82.96%
287,218.00 447,792.00 64.14%
761,943.00 1,046,923.00 72.78%
2019 10.02
2019 12.61 25,899.16 2019
25,899.16 2019 0.3510
/
7,448.04
2017 2019
11.03% 2019 2022
3.91%
2
2020
2020
( / /
)
13.02 0.13 1.69 3.48 0.14 0.49 2.18
16.62 0.03 0.50 72.44 0.024 1.74 2.24
29.64 - 2.19 75.92 - 2.23 4.42
1 2020
2020
10
2019
2020
2017 20192017-2019
2020
/
0.13 0.14
0.03 0.024
2017 2019
2020 2017-2019
2020
2017-2019
A
36.14 9
11.5
2017-2019
/
2019 2018 2017 2019 2018 2017 2019 2018 2017
- 2,142.00 2,096.68 - 226.44 222.75 - 0.11 0.11
- 408.06 366.18 - 27.11 28.05 - 0.07 0.08
- - - - - - - 0.09 0.09
1 2019
2
0.13 0.14
B
2017-2019
2018 2018 /
2019 2018 2017 2019 2018 2017 2019 2018 2017
98.81% 88.14% - 57.16 52.51 - 2.96 1.57 - 0.05 0.03
82.12% 88.67% - 59.83 55.03 - 0.96 0.99 - 0.02 0.02
-
99.95% 77.22% - 37.35 27.71 1.02 0.78 - 0.03 0.03
- - - - - - - - - 0.03 0.03
1 2019
0.03 0.024
2020 4.42
2 0.09
2020
2020
4.42 2018 2020 4.33
2017-2019
0.09 2.08%
111.23 105.56
105.56 2020 4.42
3 2020
2018 12 31
2020
4.33
2019 6
30 2017
2019
2020 4.42 2018
4.33
4 2020
2020
2020
2020
36.14 9
2020 13.02
2017 2019
0.13 / 1.69
1-2
2019 1-2 2020 1-2
1 1 2 25 1 1 2 25
24 24
56 56
1 - 8,781.17 17,181.79
2020
2020
29.64 13.02
16.62
2020 2019 7.72
2017 2019 0.03 /
2020 0.502020
1-2
2019 1 2019 2 2020 1 2020 2
1 1 1 1 26 2 1 1 1 1 26 2
25 24 25 24 25 24 25 24
25 31 25 31
14,920.18 14,059.24 15,275.16 14,416.77
28,979.41 29,691.93
5 2020
2020
2020
2020
11.5
2020 3.48 2017
2019 0.14 / 0.49
2020
2020
75.92 3.48
72.44
2020 2019 18.04
2017 2019 0.024 /
2020 72.44 1.74
2020
2020 1-2
1 1 1 2 1 2 1 1 1 2 1 2
31 24 28 24 31 24 29 24
31 28 31 29
33,031.00 39,437.00 55,494.47 57,506.52
72,468.00 113,000.99
6 2020 1-2
2020 1-2
A
2020
1-2 2019
1-2 2 1
B
2020 1-2 2019 1-2
2020 1-2 2019 1-2
10,160.70 4,671.18 5,489.52 117.52%
19,531.23 24,308.24 -4,777.01 -19.65%
10,536.62 6,295.32 4,241.31 67.37%
2,568.37 8,259.24 -5,690.87 -68.90%
1,877.36 2,738.58 -861.22 -31.45%
4,548.87 7,015.10 -2,466.23 -35.16%
29,691.93 28,979.41 712.52 2.46%
a
2020 1-2
5,489.52
2020 1-2
3,631.13 2019 2020
b 19.65%
19.65%
2020 1-2
4,241.31 3,028.34
581.16 45.5%2020 1-2 2,568.375,690.87 68.90%
1,625.91 61.3%
1,329.30
2020 1-2 1,877.36 861.22
760.29
2020 1-2
A
2020 1-2
2019 9
2019
B
2020 1-2 40,533
55.93% 2019 9 1
38,287
2019
2019 1-2 2020 1-2
3,155 30,168 856.20%
1-2
0 8,119 - 1
2,156 6,845 217.49% 4 3
14,473 17,200 18.84% 3
6,196 8,843 42.72% 2
46,488 41,826 -10.03%
72,468 113,001 55.93% 2019 9
1
A
a 2020 1-2
2020 1-2 2020 1-2
10,203 7.77% 5,96311.4% 4,606 10.5%
2020 1-2
2,753 5.8%
358 18.4% 824
2.7% 918 1.2%
2020 1-2
13.5% 1-2
6.5% 15.7%
7.1%
1-2 41 2
2.1% 6.9% 3916.0% 27.2% 12.3%
21.1% 2.0%
8.5% 28.2% 24.4%31.8% 28.2%
24.7% 13.8%
7.3%
b 2020 1-2
2020 1-2 160
7.85%
2020 1-2
10.4% 26.3% 5.8%
1-2 39 37
39.6% 38.5% 22.9%
28.1% 14.7% 22.6% 20.9%
5.5%
13.5% 18.3% 37.5%
c
2020 1-2
2019 19.65%
d
2020 1-2
38,287 3.10%
2020 1-2
2020 1-2
2019 10.03% 1-2
10.5%
B
a
2020 1-2 2019
19.65%
2020 1-2
5,489.52 117.52%
2020 2 2019 6 30
2019
2020 29.64
2019 22.34 7.30
2020 3 25 3 15,212.54 541.89
2020 1-2
2020 1-3 44,904.47
1,254.40
2020 2019
3 15,212.54 14,670.65 541.89 3.69%
3,629.01 3,275.36 353.65 10.80%
11,583.53 11,395.29 188.24 1.65%
1-3 44,904.47 43,650.07 1,254.40 2.87%
3 3 25
2020
b
2020 1-2
2020 75.92 2019
57.88 18.04
2020 3
68,461 81.95% 2020 1-3
2020 2019
3 68,461 37,626 30,835 81.95%
1-3 181,462 110,094 71,368 64.82%
7
3.94%
8 2021 2022 2020
2021 2020 3.50%
2.23% 2022 2021 5.36% 6.55%
2021 2022 2020 2020
2021 2022
3
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