1、/20003412767201818.1%17.2%7.6%42.9%57.1%201140%201836.5%201820.44%20117.1%11.65%50020009019.65%300017.2%17.2%36.55%EPS PE 2018A 2019E 2020E 2018A 2019E 2020E 47.73 1.61 2.29 3.00 29.65 20.84 15.91 8.70 0.77 0.81 0.85 11.30 0.95 0.95 15.17 1.08 1.30 1.59 14.05 11.67 9.54 18.83 0.63 0.78 0.98 29.89 24
2、.14 19.21 10.68 0.63 0.73 0.82 16.95 14.63 13.02 -35%-26%-17%-8%1%2018/62018/72018/82018/92018/102018/112018/122019/12019/22019/32019/42019/5%1M 3M 12M-6.81%-2.55%-24.49%0.43%-1.47%-19.95%110 6722 5273 24.05 1.56 4343 219%46.56 002832&-20190423-20181220 S0550515060001 S0550118080038(021)20363236 2 0
3、 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 2/30 1.5 1.1.5 1.2.6 1.2.1.9 1.2.2.9 1.2.3.11 1.2.4.12 2.13 2.1.13 2.2.14 2.2.1.15 2.2.2.17 2.3.19 3.21 3.1.21 3.2.22 3.2.1.24 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 3/30 1.5 2.5 3.6 4.6 5.9 6.9 7.10 8.10 9.11 10.11 11.12 12.12 13.13 14.13 15
4、.14 16.14 17.15 18.16 19.16 20.16 21.17 22.17 23.18 24.18 25.19 26.19 27.20 28.20 29.22 30.22 31.26 32.26 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 4/30 .6 .21 3.21 .22 5.25 .25 .26 .27 9.27 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 5/30 1.1.1.2000341276720171.460.9%20181.3 1 2 wind
5、wind 201827673.7%WTO 2000-20083.3CAGR20%2008-20092009-20102015-20162017-2018 1995-200120%-25%2002-201811%2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 6/30 3 4 wind wind 1.2.11HSInternational Convention for Harmonized Commodity Description and Coding SystemHarmonized SystemHSHS2298HS11145063HS12
6、345678910)11121314 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 7/30 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 8/30 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 9/30 1.2.1.60-6360616263201860-63181.93736.91719.29278.96.81%27.58%26.92%10.44%71.75%5 0500100015002000250030003500199519
7、961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018HS:50HS:51;HS:52HS:53;HS:54HS:55HS:56;HS:57HS:58;HS:59;HS:60HS:61HS:62HS:63;Wind 6 10.75%9.03%7.21%6.94%7.97%7.55%7.34%8.46%8.48%7.44%6.91%6.43%5.64%5.97%5.95%6.55%6.44%6.03%6.41%5.67%5.78%5.86%5.86%5.75%1.78%1
8、.62%2.07%2.27%2.02%2.69%3.26%4.20%5.12%5.81%5.47%4.78%4.70%4.89%4.65%5.06%5.74%5.81%5.85%5.87%5.99%6.47%6.96%7.68%7.40%6.67%6.33%6.01%5.60%5.52%5.34%4.36%3.80%4.00%4.08%4.01%3.84%3.84%3.76%3.99%4.64%4.32%4.09%4.46%4.72%4.73%4.67%4.75%0.83%0.50%0.63%0.53%0.64%0.80%0.90%1.08%1.13%1.39%1.63%1.54%1.71%2
9、.15%2.46%2.82%3.02%2.78%2.69%2.64%2.61%2.71%2.87%3.01%2.51%2.24%1.92%2.27%2.37%2.61%2.73%3.47%3.42%3.37%3.39%3.36%3.46%3.55%3.98%4.34%4.45%4.56%4.71%4.92%5.35%5.64%6.40%6.81%19.33%21.81%27.12%28.51%28.48%27.19%27.00%27.63%28.19%29.06%28.67%32.52%36.99%33.79%33.32%33.43%33.32%35.37%35.33%31.98%30.65%
10、29.45%27.92%27.58%39.98%41.67%39.16%38.48%37.72%38.20%38.03%35.58%34.19%32.64%32.54%31.66%28.54%29.24%28.96%27.24%26.22%24.88%24.91%28.32%28.70%28.62%28.59%26.92%7.14%7.02%6.20%6.55%6.99%6.99%7.42%7.60%8.41%8.77%9.60%8.75%8.18%9.32%10.42%9.90%9.43%9.76%9.79%9.90%9.85%10.09%10.26%10.44%0%10%20%30%40%
11、50%60%70%80%90%100%199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018 Wind 1.2.2.2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 10/30 20182671.97484.06458.47202.4718.1%17.2%7.6%42.9%57.1%7 0 200 400 600 800 1,000 1,200 1,400 1,600 20082009201020112012
12、201320142015201620172018 Wind 8 12.99%15.25%15.76%14.57%14.31%14.21%14.56%16.37%16.49%16.45%17.16%11.56%12.85%10.91%10.95%9.77%9.56%8.27%7.66%7.66%7.62%7.58%20.76%21.45%21.57%21.51%17.67%18.23%19.76%18.80%18.63%18.33%18.12%8.72%8.43%7.27%6.23%6.09%6.96%5.56%4.88%5.66%4.89%4.49%3.02%2.53%2.65%2.68%2.
13、56%2.44%2.79%3.25%3.24%3.08%2.94%1.38%1.94%2.48%2.85%5.55%4.83%5.48%5.44%4.71%5.11%5.97%3.81%2.12%2.55%2.63%2.89%3.56%3.49%2.44%2.24%2.32%2.18%2.28%2.45%2.20%2.48%2.77%2.83%2.73%3.00%2.40%1.89%1.43%0%10%20%30%40%50%60%70%80%90%20082009201020112012201320142015201620172018 Wind 2 0 9 8 3 7 9 2/3 6 1 3
14、 9/2 0 1 9 0 6 0 3 1 4:5 9 11/30 1.2.3.98.9228.95%42.0112.29%31.559.23%24.777.25%197.2657.72%41.7412.21%33.849.9%16.394.8%9 050100150200250300350400450199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018HS:50HS:51;HS:52HS:53;HS:54HS:55HS:56;HS:57HS:58;HS:5
15、9;HS:60HS:61HS:62HS:63;Wind 10 10.44%9.20%8.99%8.17%9.08%11.05%11.67%10.78%8.73%9.08%9.15%8.34%10.63%10.50%10.17%9.56%10.22%8.77%9.09%9.39%10.57%11.04%11.73%12.29%21.25%21.15%21.71%17.93%16.92%16.84%18.09%19.58%24.10%30.00%30.19%35.48%30.43%29.86%28.37%35.92%39.19%45.72%42.65%35.43%31.70%27.14%27.76
16、%28.95%21.36%23.16%22.52%23.23%22.33%21.98%20.48%19.61%18.67%16.54%16.10%14.79%14.81%14.65%14.74%12.79%10.81%9.26%9.19%9.82%9.67%10.23%9.71%9.23%20.16%19.67%19.33%19.79%18.65%18.78%18.03%17.63%16.90%14.86%13.89%11.01%11.06%10.11%11.55%10.21%9.57%8.28%8.40%8.51%8.05%7.14%7.66%7.25%2.50%2.42%2.33%2.42
17、%2.55%2.38%2.47%2.55%2.72%2.69%3.01%3.24%3.55%3.99%4.13%3.81%3.16%2.83%2.95%3.64%3.64%4.11%4.19%3.88%5.95%6.15%5.83%6.62%7.51%7.14%7.08%7.03%6.35%5.86%6.19%6.11%6.72%6.93%6.92%6.24%5.31%4.73%4.89%5.60%5.56%6.03%5.76%5.30%6.17%6.70%6.98%8.07%8.50%8.08%8.22%8.43%8.50%7.88%8.02%8.38%9.17%9.27%9.82%7.93
18、%6.51%5.77%5.75%5.67%5.72%5.97%5.45%4.80%1.13%1.09%1.41%2.04%2.40%2.31%2.92%3.08%2.88%2.79%2.97%2.79%3.11%3.42%2.91%2.76%3.16%3.29%4.12%5.74%7.14%8.41%8.98%9.90%4.59%4.84%4.77%5.12%5.20%4.54%4.54%4.50%4.07%3.44%3.48%3.38%4.03%4.90%4.67%4.80%6.34%6.52%7.77%9.88%11.42%12.99%12.28%12.21%0%10%20%30%40%5
19、0%60%70%80%90%100%199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018 Wind 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 12/30 1.2.4.18.8726.7951.5123.6618.8431.985.52%7.84%15.07%6.92%5.51%9.36%171.6450.23%43.2212.65%20.345.95%11 0 50 100 150 200 250
20、300 350 20082009201020112012201320142015201620172018 Wind 12 10.44%7.87%10.34%11.12%12.15%9.45%7.02%6.13%4.48%5.93%5.52%14.47%14.42%12.10%10.98%9.51%8.66%8.93%8.61%9.05%8.56%7.84%8.75%9.08%8.68%9.54%9.04%9.78%11.88%12.24%13.58%13.66%15.07%11.75%12.47%10.52%8.82%7.55%7.74%8.20%8.34%8.51%7.87%6.92%10.
21、06%10.38%8.90%7.47%6.47%6.50%6.84%6.67%6.61%6.09%5.51%0.75%1.43%1.83%2.20%2.71%3.86%5.98%7.83%10.48%11.77%12.65%0.93%1.13%1.31%1.27%1.34%1.71%2.04%2.55%2.56%2.91%2.74%4.87%3.55%7.97%9.29%10.71%11.45%9.90%8.06%5.71%5.52%5.95%5.95%5.70%6.30%9.79%9.40%9.10%7.28%6.35%7.10%8.20%9.36%0%10%20%30%40%50%60%7
22、0%80%90%20082009201020112012201320142015201620172018 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 13/30 Wind 2.2.1.20172620.1498.982719.1296.35%3.65%2000 1992201820008-20091201.032744.873.23%19980.12201798.9820173.6%13 1201.031247.491290.831313.331365.811402.931491.511597.511676.741672.871723.0
23、41786.941902.532009.692131.892212.052157.762046.262137.352293.272394.932447.222504.092557.982596.172620.142744.873.9%3.5%1.7%4.0%2.7%6.3%7.1%5.0%-0.2%3.0%3.7%6.5%5.6%6.1%3.8%-2.5%-5.2%4.5%7.3%4.4%2.2%2.3%2.2%1.5%0.9%4.8%-6%-4%-2%0%2%4%6%8%0 500 1,000 1,500 2,000 2,500 3,000 1992 1993 1994 1995 1996
24、1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 wind 14 0.120.82.033.38610.4811.112.2811.6314.0716.3117.7419.1923.6336.7346.4561.5976.788.5498.985.92%10.63%-5.29%20.98%15.92%8.77%8.17%23.14%55.44%26.46%32.59%24.53%15.44%11.79%-10%0%10%20%
25、30%40%50%60%0204060801001201998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 14/30 wind 15 0.0%0.1%0.1%0.2%0.3%0.6%0.6%0.6%0.5%0.6%0.8%0.9%0.9%1.0%1.5%1.9%2.4%2.9%3.3%3.6%100.0%99.9%99.9%99.8%99.7%99.
26、4%99.4%99.4%99.5%99.4%99.2%99.1%99.1%99.0%98.5%98.1%97.6%97.1%96.7%96.4%0%10%20%30%40%50%60%70%80%90%100%1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 wind 2.2.201811104.92%2011-20181000-1100 16 932.791013.241009.321047.251074.601119.061046.20105
27、8.241110.318.62%-0.39%3.76%2.61%4.14%-6.51%1.15%4.92%-8%-6%-4%-2%0%2%4%6%8%10%800 850 900 950 1,000 1,050 1,100 1,150 201020112012201320142015201620172018 OTEXA 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 15/30 2.2.1.20181110.31405.82226.9876.7256.0746.5146.2728.5625.8536.5%20.4%6.9%5.1%4.2%4.
28、2%2.6%2.3%912.7982.21%201041.2%201836.5%201017.5%201820.4%2010-2018201062.892018129.339.43%20106.74%11.65%17 0 200 400 600 800 1,000 1,200 201020112012201320142015201620172018 OTEXA 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 16/30 18 41.2%40.1%40.2%39.8%38.9%38.6%36.8%36.6%36.5%17.5%18.2%18.3
29、%18.8%19.1%19.7%20.1%20.5%20.4%5.8%5.9%5.8%6.0%6.3%6.5%6.9%7.0%6.9%4.4%4.6%4.6%4.9%4.7%5.0%5.2%5.0%5.1%3.4%3.5%3.8%3.8%4.1%3.8%3.9%3.9%4.2%4.8%4.7%4.6%4.4%4.4%4.1%4.3%4.4%4.2%3.3%3.3%3.0%2.9%2.8%2.7%2.6%2.6%2.6%2.6%2.6%2.6%2.4%2.4%2.4%2.5%2.3%2.3%0%10%20%30%40%50%60%70%80%90%100%20102011201220132014
30、2015201620172018 OTEXA 19 62.8971.9676.5587.7299.55112.92113.13121.80129.3314.42%6.37%14.59%13.49%13.43%0.19%7.66%6.18%0%2%4%6%8%10%12%14%16%0 20 40 60 80 100 120 140 201020112012201320142015201620172018 OTEXA 20 6.74%7.10%7.58%8.38%9.26%10.09%10.81%11.51%11.65%0%2%4%6%8%10%12%14%2010201120122013201
31、42015201620172018 OTEXA 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 17/30 2.2.2.20181110.31828.6174.63%281.6925.37%2010201874%-77%23%-26%21 0100200300400500600700800900201020112012201320142015201620172018 OTEXA 22 76.54%76.64%76.10%76.20%76.10%76.09%77.09%75.76%74.63%23.46%23.36%23.90%23.80%23
32、.90%23.91%22.91%24.24%25.37%0%10%20%30%40%50%60%70%80%90%100%201020112012201320142015201620172018 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 18/30 OTEXA 23 050100150200250201020112012201320142015201620172018 OTEXA 24 6.41%6.54%6.01%5.87%5.59%5.32%5.17%4.81%5.05%21.80%23.20%23.77%23.75%24.30%2
33、4.15%25.61%23.59%23.03%71.79%70.26%70.22%70.38%70.10%70.53%69.23%71.60%71.91%0%10%20%30%40%50%60%70%80%90%100%201020112012201320142015201620172018 OTEXA 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 19/30 2.3.220-2402018234.671110.31875.64 25 234.67 21.86%16.08%11.39%8.52%11.79%16.07%9.89%13.01%
34、0.39%-2.07%9.98%-10.80%-3.54%-0.96%4.17%2.88%2.19%-2.76%2.18%-15.71%18.85%13.69%1.00%4.43%3.08%-2.63%-6.34%2.47%3.51%-20%-15%-10%-5%0%5%10%15%20%25%050100150200250300 OTEXA 2018234.67,83%72%27%23%50%20184%26 12%11%11%14%15%17%16%18%21%25%30%31%30%29%28%27%27%26%23%22%22%22%22%23%24%25%27%27%26%27%13
35、%18%18%18%19%19%19%18%19%20%20%18%19%19%19%20%22%23%23%24%24%23%22%23%23%23%22%23%24%23%22%23%21%18%15%14%15%14%13%12%10%10%9%9%9%9%9%10%11%11%11%11%11%10%11%11%11%12%11%11%1%1%1%2%2%3%3%4%5%6%6%7%7%8%8%8%7%7%8%8%6%7%8%6%6%6%6%7%7%7%2%2%2%1%1%1%2%1%1%1%1%1%1%2%2%3%4%4%4%5%5%5%6%6%6%5%4%4%4%4%4%3%3%3
36、%3%2%2%2%2%1%2%1%2%2%2%2%2%2%2%3%3%3%2%3%3%3%2%3%2%3%0%10%20%30%40%50%60%70%80%90%100%198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 20/30 OTEXA 2008-201820%-25%75%-80%201860.7
37、825.9%173.8974.1%201825.5%52.5%27 0%10%20%30%40%50%60%70%80%90%OTEXA 28 0%10%20%30%40%50%60%70%1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 OTEXA 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9
38、 21/30 3.3.1.500200090201845819.65%300017.2%340 25%201877 160 25%2018823 2000 10%2018924 9020%2000 25%2019510 3000 25%3 0.34 2.96%0.01%0.35 1.43%0.01%3.21 2.09%0.12%0.31 2.25%0.01%7.88 3.84%0.28%5.25 4.13%0.19%7.54 13.12%0.27%7.04 23.60%0.25%3.77 7.40%0.14%6.56 8.15%0.24%6.44 3.54%0.23%13.55 28.85%0
39、.49%27.63 38.56%1.00%89.87 8.30%3.25%17.2%36.55%Footwear Distributors and Retailers of America300070American Apparel&Footwear Association2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 22/30 500FDRA49.9925%65.57190248.56150206.25 3.2.8961%5%ODM/OEMA 29 30 wind wind 2018 2018 600146.SH 20.40 21.63
40、94.36%66.27 603558.SH 13.41 15.77 84.98%41.97 600448.SH 27.24 32.64 83.47%34.90 002486.SZ 7.02 8.79 79.85%32.03 603665.SH 7.20 9.05 79.47%24.87 600156.SH 7.81 10.17 76.83%23.28 600689.SH 10.47 13.78 75.99%23.05 900922.SH 10.47 13.78 75.99%11.73 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 23/30
41、 603908.SH 3.90 5.51 70.73%16.01 002634.SZ 2.82 4.23 66.60%31.03 300526.SZ 2.59 4.01 64.70%23.70 002083.SZ 31.41 51.71 60.74%52.57 603238.SH 5.67 9.36 60.53%21.28 002404.SZ 18.23 31.81 57.30%42.75 002656.SZ 8.83 15.62 56.50%45.82 000982.SZ 11.09 20.20 54.92%39.35 300658.SZ 4.19 7.66 54.68%19.55 0023
42、94.SZ 22.79 41.69 54.68%34.67 601339.SH 28.45 59.98 47.43%72.60 002098.SZ 10.37 22.73 45.64%30.07 600630.SH 19.72 43.62 45.20%37.30 600493.SH 4.11 10.05 40.90%19.31 603889.SH 9.22 25.66 35.93%39.56 002144.SZ 2.00 6.38 31.40%19.02 300577.SZ 5.65 20.48 27.58%73.64 002193.SZ 3.56 13.28 26.79%24.16 6002
43、20.SH 6.31 24.20 26.05%48.15 600232.SH 3.04 11.99 25.32%24.29 002612.SZ 6.40 26.62 24.06%36.40 002494.SZ 1.15 5.01 22.92%22.29 601599.SH 10.86 47.80 22.72%30.44 603808.SH 5.28 24.36 21.69%52.60 000850.SZ 5.96 27.82 21.41%56.53 002003.SZ 5.78 27.12 21.32%56.93 000955.SZ 1.54 7.43 20.77%27.08 600370.S
44、H 2.31 11.82 19.57%27.19 603055.SH 5.79 29.74 19.47%61.99 600107.SH 0.81 4.18 19.37%25.02 002293.SZ 8.36 48.13 17.37%86.00 002042.SZ 20.23 143.07 14.14%97.54 603958.SH 1.20 13.48 8.88%19.33 002674.SZ 1.60 18.07 8.84%44.10 002485.SZ 1.51 17.20 8.75%40.36 600510.SH 5.18 67.58 7.66%66.18 002087.SZ 4.48
45、 60.60 7.40%34.80 002569.SZ 0.23 3.20 7.18%15.26 002563.SZ 7.98 157.19 5.08%294.55 601718.SH 10.40 226.77 4.59%173.91 603839.SH 0.65 16.49 3.93%48.38 002397.SZ 0.86 23.08 3.74%46.01 000779.SZ 0.58 21.15 2.75%42.90 2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 24/30 600137.SH 0.08 3.88 1.98%14.59
46、 600400.SH 0.47 24.83 1.90%97.02 300591.SZ 0.11 6.93 1.56%19.97 603555.SH 0.41 28.12 1.45%38.47 603587.SH 0.19 21.00 0.91%98.69 002516.SZ 0.11 17.67 0.62%52.88 600987.SH 0.35 75.34 0.46%78.27 603365.SH 0.10 27.19 0.37%47.92 603001.SH 0.11 30.43 0.37%42.82 002763.SZ 0.08 23.55 0.36%42.57 002291.SZ 0.
47、05 15.32 0.30%36.10 600398.SH 0.56 190.90 0.29%407.05 603877.SH 0.08 77.12 0.11%82.55 603477.SH 0.01 6.19 0.08%19.10 300005.SZ 0.01 19.92 0.05%36.99 603518.SH 0.01 30.86 0.05%25.08 002503.SZ 0.08 185.19 0.04%88.45 002029.SZ 0.01 35.17 0.04%51.08 002761.SZ 0.00 9.03 0.02%44.95 603157.SH 101.76 0.00%4
48、0.47 002269.SZ 76.77 0.00%71.10 000726.SZ 68.79 0.00%89.42 200726.SZ 68.79 0.00%68.26 002154.SZ 31.10 0.00%44.32 603116.SH 30.41 0.00%46.01 002327.SZ 29.18 0.00%66.98 601566.SH 27.33 0.00%79.99 603608.SH 20.52 0.00%36.41 002832.SZ 14.76 0.00%82.27 603557.SH 13.99 0.00%42.87 002875.SZ 12.13 0.00%24.7
49、8 603196.SH 11.32 0.00%21.65 002776.SZ 10.50 0.00%93.06 002687.SZ 10.05 0.00%24.34 002034.SZ 8.36 0.00%67.36 002762.SZ 4.54 0.00%22.09 002780.SZ 4.20 0.00%29.94 000611.SZ 0.19 0.00%12.60 wind 3.2.1.2 0 9 8 3 7 9 2/3 6 1 3 9/2 0 1 9 0 6 0 3 1 4:5 9 25/30 20131.52.51800 201812017700040%20191.5 52015 2
50、016 2017 2018 19200 20450 26150 30230 3500 2600 2800 2800 3500 2650 2650 3000 4500 3700 3700 10930 4000 5000 5000 2500 2500 2500 2500 1200 4000 9500 11000 6.25%19.56%36.33%36.39%829.17 2300 287.5 900 541.67 1400 2018189 201462015121620193162814.89%251850 250000 369,115 6 50 70000 2 0 9 8 3 7 9 2/3 6
