ΪʲôȯԴô

ΪʲôȯԴô

ȯԴĴọ̇ȯʶ

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

֤ȯʱ,ӵ(002069)1116֯רҳȱԭ



    ֤ȯʱe˾Ѷ1115գߴй˾ӵϤ˾1116֯רҳ˴ȱģԭ 

֤ȯʱ,׷:ø ·ɷͣ


    󣬹øɿ壬·ɷͣ¡ϺˣлAҦ˿ˣɷݣɷݣӴŵȹɸǡ
    йоǰġ2016й÷չ桷ʾ2016йгģ39450ԪңΪ76.4%ϢķоԤ⣬δ꣬йý40%ҵٶ2020꽻׹ģռGDP10%ϡ
    õıʣΪ˳Դݴѧ뾭÷չооԱƣֽ׶Ĺãģʽ׸ԣͶ߷׷ӿгռгݶҲԪ֮йķչٶȺˮƽֻռӲйгֳؿľ

ΪʲôȯԴô

Ŵ֤ȯ,񽣹ɷ(002361)2018һ:²ϲƷë» ߶װ鲻Ϸḻ


    ²ϲƷë»˾ӯ½˾"²+߶װ"˫չ²ϰҪ·ĩͿþ֬Ʒҵӵ15 /ܣ߶װҪ۹װģߡṹն˲Ʒ2018 һȹ˾ʵӪ3.54 Ԫͬ3.79%ܻ²ϲƷë½Ӱ죬˾ëͬ½1.99 ٷֵ15.98%ڼͬ1.58 ٷֵ11.25%չΰҵʹɶͬ352 Ԫչ˾ʵֹĸ1750.29 Ԫͬ½23.68%
    ԭϼ۸񷴵NPG ֬Ŀ½Ͷ˾ҪԭϰNPGԱᣨPTAȡNPG г۸2 µ״͵1.075 Ԫ/ֺĿǰʷ¼۸Ϊ1.335 Ԫ/֣ͬ½6%гPTA ۸λ𵴣±Ϊ5590 Ԫ/֡˾Ŀǰӵо֬15 ֣Զ֣ռȾӵһӹ˾ɽ5 ־֬ĿԤƽ6 Ͷ4 ־֬ĿŷзĿԤƽڽ׵ͶƷһԭϷ棬3 NPG ĿѾͶɽ4 NPG ĿԤƽͶԭϹӦõЧϣ˾ҵ۸񲨶ߡ
    ߶װ鲻Ϸḻҵҵŵڷչͳƾ֬ҵĻϣ˾Ϸḻ߶װ飬2015 չļҵӪա켰ͨĸ߶װ죬ӵйϵ֤֤顢װ֤ʡ2017 ҵʵֿ۷ǹĸ5934.83 ԪҵŵڼҵչͨIJֻеӹԣ˾أҵҵǿͬʱȫӹ˾ԣӪҵΧ˺ա켰ͨҵ
    չΰҵ60%ֵҵ175·ݣȫӹ˾ҵ1.278Ԫչΰҵ60%ȨΰҵҵзǶλϵͳģΪϵͳΪףıͨѶն˶װںIJװУӵо֤ʣ˴չڲҵҵϵĶ̰壬ʵҵţЭͬЧӦǿ"߶װ"顣ΰҵ2017ʵӪ2915.29Ԫ1337.67Ԫ 
    ӯԤ⼰Ԥƹ˾2018-2020Ӫҵֱﵽ23.89Ԫ31.86Ԫ38.08Ԫͬ30.70%33.36%19.53%ĸֱﵽ2.18Ԫ3.42Ԫ4.52Ԫͬ75.36%56.71%32.18%EPSֱﵽ0.25Ԫ0.40Ԫ0.52ԪӦ20180502̼ۣ4.57Ԫ/ɣĶ̬PEֱΪ18129ά"" 
    أԭϼ۸񲨶ͶԤڡ߶װ鿪زԤڡ

й֤ȯ,ɭƼ(002436)ո


    ָ£ɭƼܵͶ¼óӶ˳ոߡ
    ɭƼ5.65Ԫ۸̣10ʱ30Ƿ9%ϣ֮ºͻ䣬βǰϦɼٶǿ̶ʮڼͣ6.20Ԫա
    ʿʾͶߴҲɭƼɼͻƵĹؼʾɭƼǰϯֲ320Ԫ-1038Ԫ֮䣬ҪϵгʣùǰϯУ׵ǻרϯλΪ4286.77Ԫڶλֲ600Ԫ-3643Ԫ֮䡣
    Ͽոùͣھ߱Ѹոʱɼ۸ػذϷʽͶ߲ϸߣͶ߶ڶɭƼһߡ

֤ȯΪʲôȯԴô

֤ȯʱ,ʢĻ(002699):ֹľͶ50%ȨծȨ



    e˾ѶʢĻ(002699)1220乫棬˾ԭ3.57ԪʢعɹľͶ50%ĹȨԽľͶʵծȨڽľͶδԼڣӦȨתõĹ̵Ǽ˾ԭЭ飬ֹ˴ιľͶ50%ĹȨծȨ                                            

֤ȯΪʲôȯԴô

ƽ֤ȯ,ҵ:ͷǰԵ ˶ͷ


    һ鳾䶨,к:1999ƼҵƸĸ,5ܹ˾ΪƼҵʮŹ˾,й˹ҵܹ˾һΪ,˶˵硢ȼڵҵк˼ż̳,ĵȽ蹫˾ֳк˽,߷йί¼һ͵ڶλкΪҺ˿Ƽҵ,ӵĺ˹ҵϵ,˵ҵ񺭸ǼзͶӪȼѭ;к˽ҪнӾ˵硢ҵù̵Ľ,ں˵繤̽гһҶ,ں˵гӵоơ˵ͷϲϢ20173¼ѹ,˴κϲɺ,кȫ̳ԭкܵ²,Ϊй˹ҵľ쵼ߡ
    ˵Ծ,к˳ڼ:2015530еͶ˺ϲͶ֮,й˵ӪҵγкˡйˡͶ㶦ĸ֡,кרע˵ҵ,Ӫ17̨˵,9̨ڽ;й˳Ӫ20̨(ͶϿعغ4̨)8̨˵,ˮ硢硢ҵ;ͶǹΨһһͬʱչˮ𡢺ˡ硢ⷢҵҵ,йϿع4̨˵,2̨ڽкк˽ϲ,ͨк˽ں˵跽ľƵλ,ǿĴ˵ĿеĻȨӰ;γɺ,衰һһ·Ķ,ȭ˵г
    Ͷʽ:кˡк˽˵ͷ,к˽һ˵ȫҵ,Ϊй˹ҵľ쵼;ͨк˽ں˵跽Ƶλ,ǿĴ˵ĿеĻȨӰ;γɺ,衰һһ·Ķ,˵гע˫µй˾й˵硢й˽к˿Ƽҵ
    ʾ:ƽԤڡ

ҪǮҪǮҪǮԼȯԼȯԼȯԪԪԪӶ׼2020Ӷ׼2020Ӷ׼2020ƱԪƱԪƱԪƷתƷתƷתETFͶETFͶETFͶӶǶӶǶӶǶάֵʽάֵʽάֵʽڽڽڽȯȯȯȯȯȯ600ȯ5.6600ȯ5.6600ȯ5.6ȡԪôȡԪôȡԪôϢôϢôϢôȯȯҵȯȯҵȯȯҵ600Ͷ600Ͷ600Ͷ15ʲô˼15ʲô˼15ʲô˼3000ȯ5.43000ȯ5.43000ȯ5.4ɢȯôôɢȯôôɢȯôô400Ͷ400Ͷ400Ͷ100ȯͶ100ȯͶ100ȯͶӶԪӶԪӶԪȯȯȯδɽǷϢδɽǷϢδɽǷϢȯƷתȯƷתȯƷתȯܵȯܵȯܵƴƴƴ202120212021ΪʲôûȯΪʲôûȯΪʲôûȯȯƷתȯƷתȯƷת֤ȯϷշѱ׼֤ȯϷշѱ׼֤ȯϷշѱ׼תתת80Ͷ80Ͷ80Ͷ2000ȯ5.42000ȯ5.42000ȯ5.4ȯȯƵҵȯȯƵҵȯȯƵҵȯȯȯ5.995.995.99ͶͶͶʧʧʧԼȯôԼȯôԼȯôһʲô˼һʲô˼һʲô˼ǧӶͶǧӶͶǧӶͶȯȯȯ202020202020޷½ͬ˳޷½ͬ˳޷½ͬ˳

Ƹ֤ȯ,ҵ:ɳ֮ʱ һݶԼֵ֪


    гµ,ҵµϴ,ȫһҵλ(6.15-7.20)ȫ A ǵΪ-7.06%,ҵǷΪ-11.26%,4.20ٷֵ,λSW ҵе24λ
    Ӱֵ࿿£,ע㲿ҵ720,ҵ¹ֵΪ17.64,ҵǰ¹ֵ20126λҵ¹ֵԻ300֤ A ɡ֤ A ɵʷֱΪ+37%+26%-23%,20126ֵʷֱΪ+60%+37%-20%,¹ֱֵλʷ۵ĺ16%17%49%,ĿǰȫֵѴڵײ䡣ʷͳ,Ϊڵǰгѱ͹,߱DZ
    6²½,ͬȱ6·,ֱΪ228.96227.37,ȷֱ½2.33%0.61%,ͬ5.77%4.79%,ܵQ2Ӱ,ͬ״ԴܲӰ,۳ǰߺ͵״,ֱΪ8.68.4,ͬ32.3%42.4%,ȷֱ½10.4%17.6%ֹ6µȫ׮ۼΪ27.2,ͬ58.4%,δнϴռ䡣
    Ͷʲ: 7·ݺ˼µ,ΪгԽɵյ,鷴ֳ˽ϺõĿ,һְĹֵѽβ,ӭ޸ҵͬСƼԴҵϸͷ,ֵʷײɳõ㲿гڱǰڵġ½صע:ռ(601689)ùɷ(002536)(600297)(002434)ֹɷ(002126),ע߷(603788);ͿƼ(300258)ʾ:۲Ԥ;óսȷ;ս

ҵ֤ȯ,(603960)2018걨:ǩͬȴ ϺԴҵ


    ˾2018ȱ棺˾2018ϰʵӪҵ2.40Ԫͬ106.86%ʵֹй˾ɶ0.28Ԫͬ55.36%
    ϺԴQ2ҵļӭȷּȿ1һȣʵӪҵ0.95Ԫͬ76.74%ʵֹй˾ɶ0.15Ԫͬ18.95%2ڶȣʵӪҵ1.45Ԫͬ132.92%ʵֹй˾ɶ0.13Ԫͬ134.89%Ҫڹ˾ϲϺԴ¹˾Ӫպ;жϣQ2ǹ˾ӪȷϵĵŹ˾ֶ½˾ļӭȷϵĸ߷塣
    ۺëΪ28.69%ȥͬ½1.64pctۺϾΪ14.11%ȥͬ½1.13pct˾к󣬰ҵĴϸüЧ۷ͬ½0.20pct 1.20%ͬ0.35pct 11.77%ͬ½0.35pct-0.51%˾ӯС»ҪϲϺԴйء
    ֶ춨ӯʵ2018ϰ꣬˾Զװ빤ҵϵͳǩ2.88Ԫ2017ϰ1.01Ԫ54%ǩĺͬҪӡε򣬶ܶ漰¼зȷ2017ϰнϴù˾ļҵ
    ӯԤ⼰ӻƽ˾ǩֿԤƹ˾18-20EPSֱΪ0.67/0.93/1.25Ԫά""
    ʾӾķգؽȲԤڵķա

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