资源描述
2021 S0790520050001 gaochao1kysec S0790120110033 gongsiyunkysec 2020 12 5 1 2020 2021 2 2021 NBV 3 4 ROE ROE 2021 +18.8% ROE 9.3% 1 2 3 目录 CONTENTS 4 1.1 Wind 2020 12 2 2020 12 2 300 14.16% 300 26.66% 4 8 2.50% 1 2020 2 2020 4 Wind -30% -20% -10% 0% 10% 20% 30% 2020/1/2 2020/4/11 2020/7/20 2020/10/28 2020 300 2.4 2.6 2.8 3.0 3.2 3.4 2019-07-05 2019-10-05 2020-01-05 2020-04-05 2020-07-05 2020-10-05 10 % 10 1.1 Wind 2020 12 2 2020 7 3% 2020 7 300 3 8 4 2020 2 -30% -25% -20% -15% -10% -5% 0% 5% 2020-01-02 2020-03-02 2020-05-02 2020-07-02 2020-09-02 2020-11-02 - 300 - 300 -20% 0% 20% 40% 60% 1.1 Wind 2020 12 2 2020 4 8 6 2020H1 +14.37% +119.20% 2020 12 2 300 3.33% -0.57% 5 300 1 2019A 2020Q1 2020H1 2020Q3 5.93% 16.50% 14.37% 7.80% -3.00% -16.32% -8.01% -1.73% -15.22% -31.07% -27.52% -26.93% 22.27% 135.99% 119.20% 95.25% 9.06% -15.85% -4.60% -4.49% -40% -20% 0% 20% 40% 60% 2020-01-02 2020-03-02 2020-05-02 2020-07-02 2020-09-02 2020-11-02 2020 300 1.2 2021 2 2021 6 2020 2021 2019 10 2020 10 2019 12 2020 11 2019 12 2020 10 2019 12 2020 12 0% 10% 20% 30% 40% 50% 60% 2015A 2016A 2017A 2018A 2019A 2020H1 1.2 2021Q1 20% 3 2021Q1 2021Q1 2020H1 2021Q1 2021Q1 136 +13.43% 37.00% 39.00% 53 +19.56% 740 +6.56% 39.30% 40.00% 296 +9.29% 335 +19.91% 36.70% 38.00% 127 +23.15% 84 +8.00% 15.30% 17.00% 14 +22.40% 1.2 2017 2021 5 463.94 2019 3.84% 2020 2019 7 8 0 50 100 150 200 2015A 2016A 2017A 2018A 2019H1 2019A 2020H1 2020Q3 0 2,000 4,000 6,000 8,000 10,000 2011A 2012A 2013A 2014A 2015A 2016A 2017A 2018A 2019A 2020H1 1.2 Wind 2020 GDP 2020Q3 +5.54% PMI 9 2021 +8.50% +9.00% 9 GDP 10 PMI 9 Wind -10% -5% 0% 5% 10% 15% -20 -10 0 10 20 30 2017Q1 2017Q4 2018Q3 2019Q2 2020Q1 GDP YOY- 30 35 40 45 50 55 PMI 11 0% 10% 20% 30% 40% 50% 60 70 80 90 2019 2019 1.2 14 2020 0% 20% 40% 60% 80% 100% Wind 13 (60)(40)(20)-20 % : : 12 -30 -20 -10 0 10 20 30 40 50 2019-03 2019-06 2019-09 2019-12 2020-03 2020-06 2020-09 % Wind 1.2 3700 / 2700 / 27% 50% 2020 2020 15 4 23 2021 1 1 2022 12 31 2022 2020-2022 10% 20% 30% 11 -5% 0% 5% 10% 15% 20% YOY YOY YOY1.2 3 2020 3 3 42.10% 37.40% 32.99% 2016 -2019 46.30% 16.83% 16 3 17 10% 20% 30% 40% 50% 0% 10% 20% 30% 40% 50% 60%-50,000100,000150,000200,000 2017A 2018A 2019A 2020H1 2020 3 YOY YOY YOY 1.3 3.3% A 11 28 6 18 Wind 19 2.4 2.6 2.8 3.0 3.2 3.4 3.6 2019-01-04 2019-07-04 2020-01-04 2020-07-04 10 % 10 2500 2700 2900 3100 3300 3500 Wind 1.3 20 21 4 4.5 5 5.5 6 6.5 2015A 2016A 2017A 2018A 2019A 2020H1 % 3 4 5 6 7 8 2015A 2016A 2017A 2018A 2019A 2020H1 % 1.3 2020 7 5 2020 6 2020H1
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