Ϊʲôûȯ

Ϊʲôûȯ

СȯȯԴ٣Ҵọ̇ȯԴ࣬ʻ

Ӷ15.6%

ʱۣܾ
Ŀ ˵
ƱӶ ֮1 Ӷ
5.6% ʡǮ׬Ż
Ȩ 1.8һ 1.6ijɱ

ֻҪֽƣ׬ܸǾӶ

ѯӣʡǮ

QQ135-5384-956
΢źŻɨάӺѯ


ɨһɨ΢ѯ

µĸӶ

     2011100ʽ𣬼Ͽȯϼ150200ʲףÿؽ׶ƽ200 Ӷǧ1ÿ칱Ӷ2000Ԫһ250գ һӶ50,250Ӷﻹû8.35%ĸʣӶһ򱾽˵̫
     ּ鲻ãԭȯ̵ӶãͬʱȯҲûз񣬸ûʾʸ߷ͷϸ룬ȯ˸ߵӶֵǮ
     ԲѰҵҸӶ𳬵͵ȯңʡǮϾ׬ǮףʡԼġ


оϢƼռ磬ϢοͶзգҪ

㷢֤ȯ,ɫҵ:ܼۼ ͭп۴


    ܼۼ,ͭп۴
    MBܼ۳1-2Ԫ/,۲,ԭǼұҵɱ,ܼ;΢ۼ﮼۸ȡܷίСӴʩ򲹶̰,ȶЧͶʡרͼ˰Ԥ,˫ڲӰ,۸λ,ͭпǿԪ,,ԤСϡϡ۸,0.44%صע:(ҵҵҵӷҵ)ͭ(ҵͭҵͭҵ)п(ۺп)(йҵɷ)ϡ(ʢԴ)ȡ
    ҵ:Ԥڽǿ,ͭпǿƷ
    wind,LMEͭǦп۸仯Ϊ7.32%2.31%0.17%8.50%-0.55%6.93%,仯Ϊ-4.12%-2.32%-1.60%-3.98%-3.51%-1.10%;SHFE仯Ϊ3.65%-1.88%-4.80%-9.47%-5.65%-0.23%2000ڼ˰,ܷίСӴʩ򲹶̰,ȶЧͶʡרͼ˰Ԥ,˫ڲӰ,۸λ,ͭпǿע:(йҵɷ)ͭ(ҵͭҵҵͭҵ)Ǧп(ۺп)(ҵɷ)
    ﮵:MBܼϵ
    ݰٴѶ,ؼ̼µ8.15Ԫ/,ά13Ԫ/;ܼά49Ԫ/,MB()58.56-60.31Ԫ/֡MBܼ۳1-2Ԫ/,۲,ڲұҵɱֿ򻷱ѹʽϵ,󻷱,ܼۼμ۸ǡ﮼۸,̼﮼۹ע10µ﮾ǩ۸񡣹ע:ҵҵҵӷҵ
    :Ԫ,,Ԥ
    Wind,Ԫָ0.79%94.23,COMEXƽ0.42%1203.30Ԫ/˾ָSentixͶָ9·ݳֻ,Իƽá9ҵPMIָΪ52.9,8µ54.7Ԥ55.1,ˢ18ĵλ,Ԫ,ԤƽСע:ҵɽƽнƽ
    С:ϡϡ۸
    ݰٴѶ,µ0.31%32.35Ԫ/;0.17%2935Ԫ/ǧ,0.44%1152.50Ԫ/ǧ,ǿϡ۸Ӣɰ1.74%,2.17%,þ1.08%ע:ʢԴϡɫƺ
    ʾ:ִȲԤ;۸¹˾ҵ»;ȫ򾭼øջ;ͭǦпӡ

н˾,ݶ(600983)2016걨:׵ҵѹ سг


    2016ҵԤ
    ݶֹ2016 ҵӪҵ69.3 Ԫھͬ2.4%ĸ˾3.72 Ԫھͬ½15.5%Ӧÿӯ0.49 ԪԵԤڡ
    4Q16 չ㶫ݶ֣׷ȫ겢ڹ㶫ݶԸݶִ΢¯Ϊۺëʽϵͣ˲¹˾ۺë½29.7%ͬвӰ죬۷ʺ͹ʶ̶ֲͬ½ԣ˾½1.3ppt 5.4%ɷϣԭϳɱǴ4Q16 ʼëҲɸӰ졣
    ϴ»ҵֽϺãҵֲѡ˾ϴ»42 Ԫ΢5.3%ϴ»ȫ333 ̨ͬ26%½ë0.7ppt7 Ԫ»23.6%ëҲ½΢¯Ϊ16.2Ԫͬ10.6%
    չ
    3Q16˾гƳ̻ȼϴȲƷ
    ݶֵĶԤڱأóױ̧ͷ2017Ԥƶģ16.5 Ԫͬ½7%2017 ꣬ɱԤƶԹ˾ëиӰ졣
    ӯԤ
    ǽ20172018 ÿӯԤֱ0.58 Ԫ0.67 Ԫµ9%12%0.53 Ԫ0.59 Ԫ
    ֵ뽨
    Ŀǰ˾ɼ۶Ӧ22x 2016 P/EάԵ11.83 ԪĿۣĿǰɼ12.03%пռ䡣
    
    ɱѹóսա

Ϊʲôûȯ

֤ȯʱ,(300381):ɶֲ2.46%ɷ




    ֤ȯʱe˾Ѷ(300381)329乫棬ֹ8.64%Ĺɶϲټƻ15պ6ڣֲ1000ɣ˾ܹɱ2.46%

֤ȯʱ,ؿƼ(300370):Ȩί Ϊ˾ʵ




    ֤ȯʱe˾ѶؿƼ(300370)329乫棬310գ˾ԭʵԷ֪ͨ20191129ǩĿȨЭЭ飬ͬʱԵıȨίСȨίкаؿƼ17.44%ȨӦıȨΪؿƼعɹɶʵˣԲǹ˾ʵˡԱʾϿ赥ȨЭ飬ȡɴʩάϷȨ 

֤ȯΪʲôûȯ

֤ȯʱ,Զɷ(002380):֤ȯ531ձΪ"Զǻ"



    ֤ȯʱe˾ѶԶɷ(002380)530棬˾֤ȯ531֤ȯΪԶǻۡ˾֤ȯ벻䡣

֤ȯΪʲôûȯ

֤,Ƽ(002453)ƳũŴƽ̨ս



    ֤Ѷ߶523գƼ002453ʾ˾Ϊ֧ũŵתʽƳˡũŴƽ̨սԡ˾Ƽ㡢ݡAIƽ̨˼άũڻ̨ܴͬʱũϵͳ༶˵Ĺģʽڿ̬ҵ¡ݸܡƼܵȷ棬ָ֧ũŵĴ·չũϵͳתֻ
    ˽⣬̨ܴҪ֧ҵݵũźԴĴ¸áУҵ̨ͻƽ̨Ʒƽ̨ƽ̨ƽ̨ʵĴؼҵҪصϺǰ˸ܣũǰ˵ĸʵҵ񳡾ͨAPIʵֲƷںͱջݡ̨ȫʡũŵĸݹĴƽ̨ݺִͨ㷨ھݼֵ׼ķģͣЧָ֧ҵ¡
    ݻƼܣũŴƽ̨սԡǰṩȽ޷ֶܹ֧⻧ƶƽ̨MBaaS͹ܷƽ̨FaaSɿʵƶӦÿ͸IJ컯Ӧãָ֧ũʵҵIJ컯ɫչȽƶ
    ˾ʾũŴƽ̨ũŻȿԹʡƽ̨ϵĹģƣֿʵӦòҵ컯߶ϺЧֻչģʽ¼ʵ

ܷܷܷ1000Ͷ1000Ͷ1000Ͷôôô100100ƽ100100ƽ100100ƽƱƱƱάֵʽάֵʽάֵʽ1ԪѶ1ԪѶ1ԪѶƴ忪ƴ忪ƴ忪ȯȯҵȯȯҵȯȯҵԼȯôԼȯôԼȯôƱԪƱԪƱԪ300Ͷ300Ͷ300Ͷͬ˳ͬ˳ͬ˳ΪʲôȯԴôΪʲôȯԴôΪʲôȯԴôƱӶƱӶƱӶ˻˻˻100Ѷ100Ѷ100Ѷ۹ɽ̫۹ɽ̫۹ɽ̫ȯϢϢȯϢϢȯϢϢΪʲôûȯΪʲôûȯΪʲôûȯȯҵ񵽵ʲôȯҵ񵽵ʲôȯҵ񵽵ʲôȯȯȯʲô˼ʲô˼ʲô˼60Ͷ60Ͷ60ͶƱͶǮƱͶǮƱͶǮ202120212021ӶԪӶԪӶԪ202020202020һԪƱѶһԪƱѶһԪƱѶܵܵܵETFӶETFӶETFӶδɽǷϢδɽǷϢδɽǷϢ֤ȯETFӶ֤ȯETFӶ֤ȯETFӶ900ȯ5.6900ȯ5.6900ȯ5.6ϿӶǶϿӶǶϿӶǶ3000ȯ5.43000ȯ5.43000ȯ5.4ǧ3ӶͶǧ3ӶͶǧ3ӶͶ100Ͷ100Ͷ100ͶϿϿϿʽʽʽʶʶʶȯƷתȯƷתȯƷתѸѸѸӶǶӶǶӶǶֻӶֻӶֻӶ

,2020-02-11֤ȯձ



ҩҵ(300199):ӹ˾Ͷ5ҽÿ Ԥ3³Ͷ
    ͹״ȾȫΧij֣ȫʡнһӦ״̬طҽʷ׷׸漱رǿ֡ȱйزŷ˹ҵתȱҽʵĽ֪ͨ
    2020211գҩҵƣйҵϢ֡ڼӿɹ豸߲ܵĺˮйҵϢ֡ڼӿһҽÿĿĺҪȫӹ˾ɼҩҵ޹˾¼ơɼҩҵӹ˾гʩϣͶʽ5Զҽÿߣȫֽ֧ҽ÷Ӧ⡣
    ʾ˴γɼҩҵҽÿ߸ĽĿƻͶʽԼ1862ԪĿȫԤҽÿԼ2ֻƻĿ25죬ͶʽԴΪ˾Գ
    ʾɼҩҵǺҩҵ2015겢ȫӹ˾ҪƷеƷҩƷϰװƷƷеƷҪΪעʡݺҩҵ·ĹʾɼҩҵĿǰľӪΧˡڢࡢڢࡢڢҽезۡ˹̱ǼһʹҽÿIIҽе˴ӪҵΧ󣬳ɼҩҵɿչһʹҽÿֵзۡ
    ҩҵʾɼҩҵе׼豸ģһʹҽÿֵҪӲʩĻϽһʹҽÿ߽Ŀ죬ͶСڶ̣ڼʵֹģ˴ĿԤ3³ͶͶؼܱߵҽ÷ƷҵĿհס
    ʵϣɼҩҵ˴תжõˮĴ֧֣йžǣͷĿĿЭԽ쵼С飬ԸĿиЭͶԭϺ豸ɹΧѡͬʱˮ㳤ԶҵδչҲ˹滮ʾϣҵƷЧӦ֧ԮߵͬʱҲԷ񱾵ؾý裬ͶĿĸܽͨгҵĺ֮ǡ
    ɼҩҵʾж豸½˵ֳ䲢װԺϸ󣬾Ͷ׼һʹҽÿ֣ʵعͬʱȫԸ֧Ԯߡ

֤ȯձ,ȥּ۸λ 8ибԤ


    գָ֤𵴣ʹ3037.91㣬20175·µ͡ϣָͬ1.25%6·ů611գָ4.98%ҵʿΪֲȥٶȽϿ죬ּάָλҵҵȻɹۡ
    8ҸҵԤϲ
    ֤ȯձ߾ͬ˳iFinDͳƣ611գ8ҸҵϰҵԤ棬ΪԤϲ6ΪԤ2ΪɳֹɷҵԤߣԤϰ꾻Ϊ4.54Ԫ5.48ԪΪ140%190%
    ɳֹɷݳƣҵԭǸֲļ۸άָλ񵴡ͬȣֲļ۸ǷϴӪҵ뼰Ʒëͬӡͬʱ˾չԱDZŬͳɱ
    ⣬ɷݺ;زľԤϰҵɷԤϰ꾻Ϊ1.28Ԫ1.5ԪΪ107%142%زԤϰ꾻Ϊ1.13Ԫ1.33ԪΪ70%100%
    ɷݳƣ˾ԴܲİҵůϲҽƷ飬Ԥ2018ϰ꾭Ӫҵֽϴȵزıʾҵԭڹ˾Ŭ⿪гҵͶ𲽻ֶͬʱ˾ץзᶨ߶˻չ·ߡ
    һȣŤΪӯ˾Ԥϰ깫˾Ӫҵͬʵִ˾ƽЧڲĸŻƷṹԼ޲ѹ˾Ӫ𲽸ơ6·611գɼ۴18.46%
    ӯȻɹ
    ͳƾʾ20181·4·ݣɫұѹӼӹҵʵܶ1110.9Ԫͬ95.4%31.3ٷֵ㡣
    оԡ֤ȯձ߱ʾĿǰоļĸҵëƷë500Ԫ/1100Ԫ/֮䣬иߡкȥв̶ͬĿǰҵϵֿƽ֣ڳɱƵ£ҵӯϺá
    ֤ȯʦ־ǿΪijȥٶȺ͸λάֵĸּٴζԸҵӯĿɳṩʵ֧ţݲ͸Ʒֲָĵģ⣬Ԥƽȣҵҵٻ򽫸ߴ40%
    5µףȫ29صиֲΪ956.3֣»½25.1%Ŀǰֲ12ߵ1765.3ּ809֣½Ϊ45.83%ֲֽϿٶ½
    ԡ֤ȯձ߱ʾڸглãԽƵ𵴣ֲľƷŻǷ10%£ҵӯȻɹۡ

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