1201909521

2002 9 16 1,000
50%2005 1
50%
2007 9 10
98% 2%
16.10 1.80
18 2007
500
90% 10%20072008
27
2009 12
1:0.985 36.55
36 50
58.16% 7.39%2009
50%
2014 12
3699.HK 2015 6 45.27
43.712% 6.788% 98%
99.76%
2015 6
29 112
2,240
150 150
50 2015 8 27
2015 10 14
2016
50 5
3
50
2015
2014 636,463 7.4%

0.3 58,332
4.1% 271,392 7.3%
8.3% 1.4
306,739
8.1% 48.2% 1.3
5.6 2015
19 487,774 6.9%
0.3 39,195
3.8% 197,799 6.0%
6.2%
250,779 8.4% 51.4%
2.3 10.8
2015 19
2015 11 PMI 49.6%

0.2
PMI 51.2% 0.2
PMI 48.3% 0.4
PMI 44.8% 1.8
PMI
PMI 53.1% PMI

53.4%
49.8% 0.5
46.4% 1.0
53.6% 0.5
2015 111
0.2 0.3
2015 12 17
25 0.25%0.50%
2015
11 3
2015
140,000
%
80
60
120,000
40
100,000
20
80,000
60,000
-20
40,000
-40
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
20052014
wind
2011
2012 2013 2014
2014 95,035.61
10.50% 2013 9.30
9.20%21.30% 20.10%
2013 10.2016.90 8.20
14.00% 10.70%
2014 7.60%
10.00% 13.40% 7.20%
6.30% 7.80% 21.40%
7.60%
2008
20%
2015 111 87,802.38

1.30% 2014 10.60
0.70% 10.30%
1.90% 2014
14.70% 15.30%
12.10% 10.10%
2015 111
7.40% 16.20%
7.90% 2.70%
15.60% 18.00%
26.90% 0.30%
2015 11
69,637.00 63.32%
2015
2013
2015 3
2%
9.9 12.5 19.7
2014 11
SLO MLF
2014 11 %
2015.10
2015.08
2015.06
2015.05
2015.02
2014.11
4.35
4.60
4.85
5.10
5.35
5.60
1,5]
4.75
5.00
5.25
5.50
5.75
6.00
4.90
5.15
5.40
5.65
5.90
6.15
2011
2012 (
)
2013
35
1
17
10%
30%
5% 10%
2013 47,855.28 2008

31.82%2014 54.77% 2008
9 7.49 2008 1.42
2014 3 2020
60% 2020 1
20082014 2014
26.24 2008 2.29 14.77%
2011 GDP 50%
Wind 17
2012
2012
2014
80%
9%
20122014 2015 16 %
2015 16
2014
2013
2012
328.81
100.00
1,145.86
100.00
923.15
100.00
628.76
100.00
222.64
67.71
973.01
84.92
797.01
86.34
537.78
85.53
56.11
17.06
722.27
63.03
473.27
51.27
399.21
63.49
113.47
34.51
250.74
21.88
323.75
35.07
138.56
22.04
67.55
20.55
110.80
9.67
81.92
8.87
57.07
9.08
23.75
7.22
42.73
3.73
34.18
3.70
27.39
4.36
14.87
4.52
19.32
1.69
10.03
1.09
6.53
1.04
161.74
100.00
534.80
100.00
435.31
100.00
344.84
100.00
95.70
59.17
427.69
79.97
353.88
81.29
288.32
83.61
32.37
20.01
357.51
66.85
241.56
55.49
231.66
67.18
37.65
23.28
70.18
13.12
112.32
25.80
56.65
16.43
56.88
35.17
92.68
17.33
66.38
15.25
45.64
13.23
6.73
4.16
14.05
2.63
12.70
2.92
10.33
3.00
2.42
1.50
0.38
0.07
2.36
0.54
0.56
0.16
49.19
46.67
47.16
54.84
42.98
43.96
44.40
53.61
57.69
49.50
51.04
58.03
33.18
27.99
34.69
40.89
84.20
83.65
81.02
79.97
28.36
32.87
37.15
37.71
16.29
1.98
23.53
8.53
20122014
SOHO2012
2014 52.61%
2014
10
2012
2014
2015 16 328.81 161.74

49.19% 222.64
40% 67.55
80% 56.88 35.17%
12
2000
2002
2003
2006
155
OK
2014 16
11
2014
20122014 2015 16
1,171 /1,096 /
1,187 / 1,667 /2015
23 774 2015 6
8,259 2014 8.76%
2,000
22
325
12
2014
107 2,156
3
2015 6 112
2,240 1,843
2013 2,170 H
13
2012
25% 30%
2014
4
TOP100 3 5
20122014 2015 16
2015 16
2014
2013
2012
58.37
48.00
141.18
105.59
183.12
128.44
232.49
181.41
151.86
62.00
524.68
208.04
379.85
133.42
347.45
124.88
SOHO
89.31
106.00
248.76
269.56
195.49
203.52
110.06
115.31
301.12
411.00
646.41
835.29
454.06
507.43
260.49
297.97
11.71
27.00
40.47
59.71
51.94
114.55
62.45
104.67
612.37
654.00
1,601.50
1,478.18
1,264.46
1,087.36
1,012.94
824.24
SOHO
20122014
12,289 /11,629 /10,834 /
2013 2014
2015 16
14
612.37 10.13% 654

44.27% 9,363 /
80%
2015
6 2,240
2012
98%
5
20122014 2015 16
2015 16
%
//
2014
2013
2012
1,206.45
1,145.95
927.21
725.24
98.1
99.3
99.2
99.2
97.29
89.84
89.31
83.76
1
2=/
6+1
6
KTV
1
2014 107
48.10%
41.80% 10.10%2014
16
33% 1,020 2015 16

9 546
52.20
2014
31%
15%
15
2012
2013 1.80
4,978 2014 2012
2 7,594
26.30%2015 6 8,259
443
5,356 2,460
43.29%
10%77.84%12.92%
2.96%2012
2015 16 1,667 /
6 20122014 2015 16 /
2015 16
2014
2013
2012
774
2,688
3,187
1,140
8,259
7,594
1,667
1,187
1,096
1,171
2,582
2,366
5,356
6,287
4,978
1,524
1,320
20122014 17 18 23
82 11 18 2015 111
21 9
16
7 20122014 2015 6
2015 6
2014
2013
2012
112
107
84
66
23
18
17
64
62
45
34
18
11
2015 6 45.27
43.712% 6.788% 98%
99.76%
2014
2016
50 20 2017
17
50 40 5
2014 12
2015 A
20122014 2015 16
20122014
2015 16
18
2012 2015 6
5,785.75
40%
20%
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
3,029.57
1,862.03
100
80
2,348.35
60
40
1,489.11
1,962.10
2,613.36
2,493.15
2012
2013
2014
20156
20
0
3,292.60
20122014 2015 6
2014
1,451.92 44.51% 1,205.70
239.91 83.04% 16.52%
930.34 26.30% 2014 12

67.32
8.84%
35.60%
55.56%
2014
2015 6 1,637.68 2014

12.79% 577.71 2014 37.90%
19
80%
2014
2,481.01 24.96%
377.68 134.54
87.35% 301.03
2015 6 2,713.50
2014 9.37% 194.40
39.10
2015 6
5
2,849.12 49.24%
20122014 968.45 652.55

723.66 2
0.81 0.98 1.35 2015 16

1,664.32 2.74
20122014
2014
4,091.49 29.00%
57.55%
2015 6 4,204.98 2014
2.77% 61.77%
2015 2 28
2015 6 20.02
15.00
20
5,000
4,000
1,736.86
906.33
1,607.71
80
1,368.95
3,000
60
2,000
1,000
40
1,571.30
1,802.80
2,354.63
2,597.26
2012
2013
2014
20156
20
0
100
20122014 2015 6
50%
2014 1,189.14 14.04%
79.06% 12 20.49% 537.43

55.20%
314.05
89.91% 159.40
15.19%
50.60 12.97%
27.60 23.00
2015 6 1,435.58 2014
20.72% 473.98 2014 11.81%
405.34 2014 29.07%
166.97 2014 4.75% 36.99
2014 26.90%
13.34%
6.57%
22.82%
6.77%
50.50%
2014
21
78%2014
1,372.95 25.61%
73.86% 21.44%
278.21 17.83%
72.10
2013 11 5 6.00 2014
1 20 6.00 2015 6
1,228.04 2014 10.55%
20122014
2013
43.73% 2014
35.06%2015 6 1,756.85 2014
52.86
41.78%20122014 2015 16
67.09 97.98 123.75
67.23
75%
6
2014 20.15%
12 26.68%25 25.21%5
27.96%2012
2015
2015 6 551.87 365.53
2014 83.03 59.10 621.81
2014 64.47 6.96% 2014
0.55 2015 7 8 5
150 5%
20122014 2015 6 %
2014
2013
2012
456.78
364.66
210.16
216.81
1,300.07
1,445.05
1,129.77
715.47
1,756.85
1,809.70
1,339.93
932.28
41.78
44.23
42.25
37.63
/
6
2015 6
2015 6
22
20122014
8

2015 6 74.59%
2014 2014
20122014 2015 6 %
2015 6
2014
2013
2012
0.96
1.11
1.09
0.95
0.33
0.49
0.53
0.46
72.68
72.51
73.58
73.93
74.59
56.68
52.98
48.67
96.84
108.54
106.78
95.59
20122014 873.50 1,138.71

1,551.44 2013
30.36%
2014 36.25% 207.87
227.28 2014 12 60,000
1 H 280.31
2015 6
1,580.77 2014 29.33
21.57 2015 1 14
20.67
2015 6
602.49 38.11%
2015 2 28
2015 6 30 20.02
15.00 39.06%
Wind 20122014 0.58 0.57 0.66

64.70%70.00% 70.00%
9
=/=
23
2012
20132014
46.82% 24.13%
2013
7.69 45%
1,500
1,200
900
100
1,145.86
600
80
923.15
628.76
60
342.97
375.16
345.14
300
20
0
2012
2013
40
2014
20122014
20122014
10
20122014 2015 16 %
2015 16
2014
2013
2012
22.57
61.12
42.99
29.97
31.19
65.50
46.10
36.57
33.01
72.20
56.15
38.13
86.76
198.82
145.24
104.67
26.39
17.35
15.73
16.65
20122014 218.98
154.43 134.65
60.89%
49.56% 40.28%
20122014 375.16 342.97
24
345.14 278.21 248.82 251.01

2013
2014
20122014 12.35%
9.31%7.38% 31.85%21.85%16.18%
2015 16
328.81 49.19%
161.74 26.39%
39.10 67.68 7.21
73.74 52.13
1.92% 3.30%
2012
2012 2013
40.71%2014
29.75%
2012
2013
2014 534.63
41.77%
25
600
400
114.81 174.42
200
0
-200
-400
-254.95
-600
534.63
377.11
-237.83
2012
-456.99
2014
2013
88.32
68.07
20122014
2015 16 -36.68
-197.79
-124.76
11
20122014 2015 16 %
2015 16
2014
2013
2012
-1.48
4.25
4.03
7.31
-0.88
2.43
2.41
4.63
-0.55
0.71
0.69
1.71
1.66
3.37
4.10
6.17
3.50
4.22
6.31
EBIT
EBITDA
2013
2014
10
2015 3 206
13,004.57 5,951.05
20152017 2,105.35 1,781.74
1,308.15 6 431.28
93.49
2012
10
2015 6
26
12
2014
2014
2015
2016
2017
758.44
80.44
60.20
115.88
92.57
613.66
237.55
47.97
63.00
53.35
538.25
11.04
107.25
66.25
87.11
467.05
39.74
55.82
63.32
79.12
466.99
51.92
85.87
72.49
37.13
394.11
57.75
107.83
74.52
33.49
369.98
53.30
49.33
59.11
64.28
147.48
46.26
33.12
24.52
146.49
11.97
21.30
26.13
25.76
146.17
80.09
16.63
18.45
15.89
4,048.62
623.80
598.46
592.27
513.22
2012
2015 6
72.68% 74.59%
1,756.85 456.78
577.71
2014 12 2015 7 8
A
2015 5 13
27
2014 12
2015
A
12
28
1)
1
2)
3)
29
2015 6
98.00%
99.76%
0.24%
43.71%
35.09%
6.79%
14.41%
100%
100%
100%
100%
30
100%
100%
2015 6
31
2015 6
2014
2013
2012
5,777,060
9,303,458
7,366,341
5,071,614
1,955
20,948
5,939
640
36,226
63,820
22,100
28,294
598,546
620,323
815,018
604,915
556,779
363,505
554,465
761,944
16,376,784
14,519,213
10,047,501
7,637,854
24,931,499
26,133,571
19,621,017
14,891,122
27,135,002
24,810,100
19,853,975
15,907,392
3,072,791
3,010,281
2,114,337
1,573,731
1,109,686
934,892
605,935
405,964
794,969
807,949
461,025
358,297
32,925,983
30,295,724
23,483,536
18,620,263
57,857,481
56,429,295
43,104,553
33,511,386
9.98
16.49
17.09
15.13
0.00
0.04
0.01
0.00
0.06
0.11
0.05
0.08
1.03
1.10
1.89
1.81
0.96
0.64
1.29
2.27
28.31
25.73
23.31
22.79
43.09
46.31
45.52
44.44
46.90
43.97
46.06
47.47
5.31
5.33
4.91
4.70
1.92
1.66
1.41
1.21
1.37
1.43
1.07
1.07
56.91
53.69
54.48
55.56
32
2015 6
2014
2013
2012
369,899
506,034
447,954
557,800
4,739,828
5,374,260
3,462,799
2,562,079
14,355,834
11,891,445
10,427,269
9,411,134
1,669,728
1,594,042
1,383,871
1,165,271
4,053,360
3,140,548
1,653,680
1,610,350
25,972,624
23,546,258
18,027,998
15,713,026
12,280,370
13,729,459
10,930,162
7,154,685
720,363
720,999
367,487
2,915,478
2,782,123
2,361,184
1,895,196
16,077,127
17,368,649
13,689,460
9,063,337
42,049,750
40,914,907
31,717,459
24,776,363
0.88
1.24
1.41
2.25
11.27
13.14
10.92
10.34
34.14
29.06
32.88
37.98
3.97
3.90
4.36
4.70
9.64
7.68
5.21
6.50
61.77
57.55
56.84
63.42
29.20
33.56
34.46
28.88
1.71
1.76
1.16
0.00
6.93
6.80
7.44
7.65
38.23
42.45
43.16
36.58
452,735
447,480
373,600
373,600
2,492,720
2,276,997
4,168
4,168
196,072
192,695
152,907
109,986
12,456,727
12,375,360
10,296,685
8,084,791
15,577,832
15,281,178
10,828,434
8,572,545
229,899
233,210
558,661
162,477
15,807,731
15,514,388
11,387,095
8,735,022
33
2015 6
2014
2013
2012
3,288,095
11,458,641
9,231,480
6,287,643
1,670,732
6,110,627
4,878,337
2,839,215
225,658
611,203
429,863
299,729
311,884
655,018
461,036
365,654
330,060
721,997
561,549
381,321
39,903
11,395
4,965
3,798
390,982
1,346,470
1,544,342
2,189,815
10,646
128,103
10,468
676,812
3,342,587
3,116,023
3,596,547
60,598
108,816
313,680
155,054
737,410
3,451,403
3,429,703
3,751,601
216,077
941,339
941,458
969,506
521,334
2,510,064
2,488,245
2,782,095
519,463
2,483,846
2,458,086
2,731,060
50.81
53.33
52.84
45.16
6.86
5.33
4.66
4.77
9.49
5.72
4.99
5.82
10.04
6.30
6.08
6.06
1.21
0.10
0.05
0.06
11.89
11.75
16.73
34.83
0.32
1.12
0.11
0.00
20.58
29.17
33.75
57.20
22.43
30.12
37.15
59.67
15.86
21.91
26.95
44.25
-366,805
883,200
680,700
1,148,100
-1,977,897
-4,569,900
-2,378,300
-2,549,500
-1,247,640
5,346,254
3,771,061
1,744,203
1,113,410
4,164,561
4,015,175
4,137,687
4,335,563
4,134,384
4,235,012
17,568,484
18,097,040
13,399,284
9,322,835
EBIT
EBITDA
34
2015 6
49.19
2014
2013
2012
46.67
47.16
54.84
20.58
29.17
33.75
57.20
1.92
7.38
9.31
12.35
3.30
16.18
21.85
31.85
72.68
72.51
73.58
73.93
52.64
53.84
54.06
51.63
96.84
108.54
106.78
95.59
0.96
1.11
1.09
0.95
0.33
0.49
0.53
0.46
0.22
0.40
0.41
0.32
1,664.32
723.66
652.55
968.45
2.74
1.35
0.98
0.81
/%
-1.48
4.25
4.03
7.31
/%
-0.88
2.43
2.41
4.63
-0.55
0.71
0.69
1.71
1.66
3.37
4.10
6.17
3.50
4.22
6.31
22.24
39.52
40.87
32.28
175.32
110.88
109.89
134.25
39.06
28.62
EBIT
EBITDA
%
%
%
35
1. %1/ 100%
2. % /100%
3. % EBIT/100%
4. % /100%
5. EBIT
6. EBITDA EBIT
7. % /100%
8. %/ 100%
9. % /100%
10.
11.
12.
13.
14. /
15. -/
16. /
17. %/ 100%
18.
11
360 //
19.
12
360 /(/
20. % /100%
11
12
180
180
36
21. EBIT EBIT/ EBIT /
22. EBITDA EBITDA/ EBITDA /
23. /
/
24. % /100%
25. /% /[
/2]100%
26. /% /[
/2]100%
37
AAA
AA
A
BBB
BB
B
CCC
CC
C
AAA CCC +-
38

1201909521

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

1201909521

Uploaded by

Copyright:

Available Formats

2002 9 16 1,000

2014 636,463 7.4%

2015 11 PMI 49.6%

PMI 53.1% PMI

2015 111 87,802.38

9.9 12.5 19.7

2013 47,855.28 2008

2015 16 328.81 161.74

612.37 10.13% 654

33% 1,020 2015 16

930.34 26.30% 2014 12

2015 6 1,637.68 2014

20122014 968.45 652.55

0.81 0.98 1.35 2015 16

79.06% 12 20.49% 537.43

20122014 873.50 1,138.71

Wind 20122014 0.58 0.57 0.66

20122014 375.16 342.97

345.14 278.21 248.82 251.01

21. EBIT EBIT/ EBIT /

22. EBITDA EBITDA/ EBITDA /

You might also like