资源描述
|2024 2 1 010-S0980522070002 0755-S0980523060002|1 1/2 1/3 59.1%15.1%11.2%7.3%7.3%0.4%-4.0%-55.8%-12.8%-5.3%-5.6%-3.9%-9.8%0.1%0.0%0.3%0.5%1.4%1ZCXyRmRmPoPoQmPnQqPoP7N9RbRtRoOmOtPiNnNtRkPoOoMbRqQuNvPqNrOMYpNrM|1/2010 2014 2015 2020 2022 2023 34.3 38.7 37.5 39.0 45.646.6 1.8 2.9 2.0 3.0 2.94.7 34.9 36.9 37.0 40.5 43.246.5-19.6 18.4 21.9 24.627.5-2.3 2.5 2.9 3.23.4-5.7 5.3 4.9 5.25.2-6.3 6.3 7.3 6.87.0-3.0 4.5 3.5 3.43.4/-582 384 633 14121052 746 518 414 568 1193949-974 779 1495 2840 2283 WIND 1.2022 62.8%28.9%8.3%2022 45.6 42.3 51.8%54.8%2.2016 2020 2022 5 2+4+4,3.75%2023 4.7 4.2020 5.,6.01 02 03 04 05 1.|-1-5()20031453 553 448 381 354 309 223 185 157 125 25 3 1992 2 1992 2|-C H O N Qgr,daf 55-62 5.3-6.5 27-34 1-3.5 20.9-25.1 60-70 5.5-6.6 20-23 1.5-2.5 25.1-28.0 70-76.5 4.5-6.0 15-20 1.0-2.5 28.0-30.5 77-8179-8582-8986.5-9188-92.588-92.74.5-6.05.4-6.04.8-6.04.5-5.54.3-5.04.0-4.710-158-124-93.5-6.53-52-50.7-2.21-1.121-2.01-2.00.9-2.00.7-1.830.1-33.532.2-5.534.7-36.835.1-37.134.9-36.634.7-36.4 88-93 3.2-4.0 2-4 0.8-1.5 34.7-36.2 93-95 2.0-3.2 2-3 0.6-1.0 34.3-35.1 95-98 0.8-2.0 1-2 0.3-1.0 32.2-34.3 3 1992 1992 3%A B C A B C|2020 1431.97 13.3%2022 45.6 51.8%42.3 54.8%;2022 2.9 18.0%4 2020 13.3%BP 2.4%2.6%3.2%3.2%3.3%10.3%13.3%14.0%15.1%23.2%0.0%5.0%10.0%15.0%20.0%25.0%5 2022 51.8%BP 6 2022 54.8%BP 7 2022 18.0%BP 51.8%10.3%7.8%6.1%5.0%5.0%2.6%1.5%1.3%1.2%0.0%10.0%20.0%30.0%40.0%50.0%60.0%54.8%12.4%6.1%3.0%2.7%2.1%2.0%1.8%1.4%1.3%0.0%10.0%20.0%30.0%40.0%50.0%60.0%18.0%17.6%15.4%15.0%14.8%10.3%3.3%2.2%1.5%0.7%0.0%5.0%10.0%15.0%20.0%|44.4%35.6%2022 67.4%56.2%29.3%2022 56.2%28.7%25.1%737.27 35.6%13.15 29.3%7.72 15.9%919.51 44.4%25.28 56.2%13.95 28.7%52.28 2.5%1.11 2.5%4.26 8.8%47.13 2.3%1.06 2.4%4.08 8.4%97.1 4.7%2.15 4.8%12.24 25.1%1.51 0.1%0.03 0.1%3.01 6.2%215.32 10.4%2.17 4.8%3.40 7.0%9 2022 10 2022 56.20%17.90%8.40%17.50%67.4%6.3%5.9%20.4%8 WIND|50%30%50%4|5500 5500 5500 ARA NEWC 4 2 5 5800 2022 62.8%28.9%8.3%2023 59.1%15.1%11.2%7.3%60%62.79%28.94%8.26%11 2022 12 2023 59.1%7.3%11.2%15.1%7.3%2.|2012-2015 2016 2020 13 WIND 744.68 383.98 732.37 632.87 1,196.44 1,412.00 1,051.59 39.7434.1138.4645.5946.405101520253035404550020040060080010001200140016002012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 5500K 2012-2015 2016-2020 2021-2023 8.1 5/|2016-2018 14 2016-2018 2016 2 2016 3 5 5 5 9 8.12019 5 2016 1 2016 2 2016 12 2016 4-5 2017 4 2019 2018 3|2021-20232023 3 2021 4 2021 7 2022 2 2021 10 2023 6 2022 7 2021 2022 11 5&WIND 5 15 2021-2023 2015年 2020 2021年 2022年 2023年(2015-2020)(2020-2023)37.5 39.0 41.3 45.6 46.6 0.8%6.1%40.0 40.5 42.7 43.2 46.5 0.2%4.7%5500K/384.0 632.9 1196.4 1412.0 1051.6-%92.3 96.6-%68 80 85 85-3.1%-1.08 4700 4500左右 4400-3.2%-|16 2030 10 3 2010 2021 7 15%6 2 4 12 2027 2030 3/2030 3/|2023 24 WIND|17/2022 2 2022 303 303 4 2022 4 4 2022 5 2023 5500 713.8/7.8/6806856906957007057107157207257307351 2 3 4 5 6 7 8 9 10 11 12 2022 2023 6/5500 570-770 5500 370-570 5500 320-520 5500 260-460 3500 200-300 5500 480-680 5500 590-790 5500 555-755 5000 545-745 5000 350-500 5500 370-570 5500 320-520|2+4+4 18/WIND 01,0002,0003,0004,0005,0002018-062018-082018-102018-122019-022019-042019-062019-082019-102019-122020-022020-042020-062020-082020-102020-122021-022021-042021-062021-082021-102021-122022-022022-042022-062022-082022-102022-122023-022023-042023-062023-082023-102023-12:():(A8%,V25%,S0.9%,G85,)2018 9 20 8 1/3 2019 12 2+4+4 2 4 4 2023 5 1450/300-500/2024 2023 200/2019 12 2018 6 2018 9 2020 2+3+3 2022 2+4+19 2+4+4|,20 21 WIND,WIND,22%23%WIND,WIND,0204060801001201401601802010-03-31 2012-09-30 2015-03-31 2017-06-30 2019-09-30 2021-12-31-100-5005010015020025002000400060008000100002002 2005 2008 2011 2014 2017 2020 2023 11(%)051015202530354045502005-03 2007-08 2010-01 2012-06 2014-11 2017-04 2019-09 2022-0252545658606264666870722012 2 2013 12 2015 10 2017 8 2019 6 2021 4 2023 2 3.|7 WIND 2022 2022 2023 2023 59560.30 11.7%63023.33 5.8%70222.40 7.0%71909.39 2.4%110966.60 13.4%113891.39 2.6%35255.40 32.4%40211.86 14.1%41679.70 8.9%43763.14 5.0%4720.71 2.4%6792.94 44.1%553.71 130.1%1603.82 189.7%68.59-87.6%4967.90 7143.4%16841.10-12.7%21624.20 28.3%758.10-64.8%2262.99 202.1%25 2.19 40.5%2022 4.1 28.6%2023 4.6 10.7%4.6/4 2022 8677 2023 8800 2023 6033 9.8%27 WIND 26 WIND|23.3%14.1%19.9%16.5%26.2%|28 GW 29 WIND 3 2023 4.74 61.8%1.2022 2.2023 2024 2023-40-2002040608005,00010,00015,00020,00025,00030,00035,00040,00045,00050,0002015 2016 2017 2018 2019 2020 2021 2022 2023%-60%-50%-40%-30%-20%-10%0%10%20%30%40%15253545556575851 5 9 13 17 21 25 29 33 37 41 45 49 53 2019 2020 2021 2022 2023|2023 6716.4 30 8 WIND 2022 2022 2023 2023 71154.30 7.8%72634.87 2.1%8543.50-6.0%8497.32-0.5%10846.60-0.7%10875.32 0.3%6443.00 6.9%7207.91 11.9%6026.80 12.6%5460.64-9.4%28885.30 3.1%28362.86-1.8%2100.05 95.6%2607.41 23.7%2560.62 82.4%5392.81 110.6%216.97-64.9%278.93 28.6%217.14-13.5%399.41 83.9%1292.07-36.3%1511.59 17.6%54.6%6.4%8.2%5.4%4.1%21.3%2023 -240km 25km AGV-/360km 367km-/477km 16km|1000+4500+3000+500/0.9=1 2019 3605.8 2020 2845 2021 1602.9 2022 3104 2023 6716.4 2024 7500 31|2020 2030 2060 55.9%45.4%5.6%2030 26.1%2035 2060 80.9%32 33%051015202530354045502020 2025 2030 2035 2040 2045 2050 2055 2060 0204060801001202020 2030 2060|2030 2030-2040 2050-2060 2025 43 2060 3.4 34 35%05101520253035404550 0 10 20 30 40 50 60 70 80 90 100202020252030203520402045205020552060|10 2030 8 3-20002004006008001,0001,2002020 2030E 2050E/37 1.5 980 809 653 36%wind-6%-4%-2%0%2%4%6%8%10%12%14%0246810122010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022%1.5 20-30 30-50/-2.20%-1.30%-3.30%-0.50%-2.50%-1.00%-0.10%-2.10%-0.50%-1.50%1.50%-0.30%0.90%-0.10%-0.60%-1.00%9|70-80/870-900/1.70-80/870/2000 t/a 100 t/a 70-80 807-971/870/2.900/900/3.10,2021 47 3 9-14 5500/1 40 2984 136 3862 50 3681 279 5293 60 4378 429 6794 70 5075 557 8075 80 5772 721 9716 90 6468 867 11177 100 7165 1015 1265 38,2021 47 3 9-14 y 5500/x/y=14.661x-204.2502004006008001000120014000 20 40 60 80 100 120|2024 1 950/896 953 1059 930 1065 1185 1063 977 1062 984 990 1195/950 950 950 950 950 950 950 950 950 950 950 950/-54 3 109-20 115 235 113 27 112 34 40 245 950/11 1.2.3.2015 15 2 163-164 9-14 2024 950/-54 3 113 27 112 34 40 245/950/|800/12*2023 11 3 200/600/400/200-300/380/400-500/650-750/5000/1588 0.2 317.6 380 697.6 1894 0.2 378.8 380 758.8 2474 0.2 494.8 380 874.8 3681 0.2 736.2 380 1116.2 2216 0.2 443.2210 653.2 2522 0.2 504.4210 714.4 3102 0.2 620.4210 830.4 4309 0.2 861.8210 1071.8 771 0.2 154.2 790 944.2 480 0.2 96 790 886 1287 0.2 257.4 790 1047.4 1053 0.2 210.6 790 1000.6 163.4-410-246.6 282.8-410-127.2 237.4-410-172.6 525.6-410 115.6 289-580-291 408.4-580-171.6 363-580-217 651.2-580 71.2 39|800/13*2023 11 3 300/600/400/200-300/380/500-600/750-850/1577 0.3 473.1 380 853.1 1600 0.3 480 380 860 2543 0.3 762.9 380 1142.9 2743 0.3 822.9 380 1202.9 1838 0.3 551.4 210 761.4 1861 0.3 558.3 210 768.3 2804 0.3 841.2 210 1051.2 3004 0.3 901.2 210 1111.2 691 0.3 207.3 790 997.3 447 0.3 134.1 790 924.1 1260 0.3 378 790 1168 1053 0.3 315.9 790 1105.9 265.8-410-144.2 345.9-410-64.1 384.9-410-25.1 507-410 97 344.1-580-235.9 424.2-580-155.8 463.2-580-116.8 585.3-580 5.3 697.6 853.1 653.2 761.4 944.2 997.3 758.8 860 714.4 768.3 886 924.1 874.8 1142.9 830.4 1051.2 1047.4 1168 1116.2 1202.9 1071.8 1111.2 1000.6 1105.9 14/|1.2023 2023 11 2024 5 6 2023 2.2023 2024 500 500 200-300 300 4.|-20%-15%-10%-5%0%5%10%15%20%25%30%35%2023-012023-022023-032023-042023-052023-062023-072023-082023-092023-102023-112023-122024-01 300 2023 300 8 300 13.46%20.11%13.90%-11.38%2023 40 2023 WIND|41 WIND EPS PE PE GDP 5.2020 2021 2022 2020 2021 2022 600188.SH 2,149.92 1,519.91 2,008.29 65.35 162.12 304.66 600546.SH 354.22 480.54 463.91 8.53 49.65 71.88 600971.SH 52.10 67.49 83.86 7.60 13.81 25.22 601001.SH 109.05 182.65 160.82 8.74 44.59 29.76 601088.SH 2,332.63 3,352.16 3,445.33 381.65 500.36 703.37 601225.SH 948.60 1,522.66 1,668.48 91.17 204.80 294.11 601898.SH 1,409.61 2,311.27 2,205.77 57.48 130.76 181.12 601918.SH 83.55 124.89 120.03 5.44 24.05 20.72 600508.SH 76.54 101.56 126.34 6.57 3.38 14.77 000937.SZ 206.43 314.24 360.36 8.00 25.31 43.95 000983.SZ 337.57 452.85 651.83 16.68 40.61 93.35 600395.SH 64.81 97.26 118.43 7.20 13.72 21.34 600985.SH 522.76 649.61 690.62 31.75 45.93 69.71 601666.SH 223.97 296.99 360.44 14.59 29.19 57.45 601699.SH 259.72 451.47 542.97 18.92 77.78 143.66 600123.SH 66.26 128.60 141.56 3.30 24.02 35.27 600348.SH 311.81 380.07 350.42 12.85 45.84 73.64 WIND 2020|15 2020 WIND|16/000552.SZ 282.75 719.14 436.39600188.SH 485.52 1213.00 727.48600546.SH 466.23 851.69 385.46601001.SH 280.17 574.00 293.83601088.SH 425.10 663.34 238.24601225.SH 398.31 722.98 324.67601898.SH 541.88 726.06 184.18601918.SH 203.13 431.78 228.65 600508.SH 744.10 1518.78 774.68000937.SZ 639.89 1015.81 375.92000983.SZ 425.14 1290.02 864.88600395.SH 543.14 905.90 362.76600985.SH 587.78 1159.90 572.12601666.SH 737.96 1133.54 395.58601699.SH 359.45 930.70 571.25 600123.SH 303.21 864.38 561.17600348.SH 364.54 709.71 345.17|50%3 2022 50%42 43 WIND 2017 WIND 2017 0%5%10%15%20%25%30%35%0246810121416182018 2019 2020 2021 2022%44 45 WIND WIND 0%10%20%30%40%50%60%70%02004006008001,0001,2001,4001,6002016 2017 2018 2019 2020 2021 2022%0%10%20%30%40%50%60%70%80%02004006008001,0001,2002016 2017 2018 2019 2020 2021 2022%0%10%20%30%40%50%60%0501001502002503002016 2017 2018 2019 2020 2021 2022%9.3612.449.867.5127.1937.410%5%10%15%20%25%30%35%40%45%05101520253035402017 2018 2019 2020 2021 2022%46 WIND%2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 000552.SZ 3.28 3.28 3.28 4.92 4.59 39.93 43.58 50.34 47.14 20.37600188.SH 2.34 6.85 4.33 6.93 15.03 33.54 89.19 68.44 48.70 55.93600508.SH 1.85 1.58 1.83 1.02 4.82 30.60 30.07 30.06 30.00 30.32600546.SH 0.00 0.35 0.39 9.25 13.28 0.00 10.14 15.83 62.91 63.89600971.SH 3.68 3.14 2.96 4.49 8.98 33.59 37.23 51.24 43.25 47.76601001.SH 0.00 0.00 0.00 3.19 5.02 0.00 0.00 0.00 14.37 34.64601088.SH 2.47 3.53 5.08 7.12 7.15 39.90 57.94 91.81 100.39 72.77601225.SH 1.39 1.51 3.36 5.68 9.17 29.10 29.98 52.11 61.91 60.17601898.SH 0.63 1.02 1.08 2.42 3.32 30.11 29.93 30.09 30.05 30.02601918.SH 0.17 0.33 0.58 1.16 1.82 9.91 8.99 10.70 7.45 13.80 000937.SZ 1.31 1.31 5.22 13.05 13.05 40.52 39.20 179.94 128.99 79.27000983.SZ 2.84 0.95 0.95 7.58 11.36 52.45 18.43 20.94 78.67 63.54600395.SH 6.44 6.44 6.44 6.44 6.60 70.06 60.68 76.78 73.24 40.11600985.SH 2.84 3.41 3.69 3.98 5.97 30.60 35.93 42.85 36.33 37.16601666.SH 0.00 2.58 3.08 6.50 7.44 0.00 59.99 60.07 60.21 35.18601699.SH 1.14 1.02 0.83 2.87 12.14 30.11 30.06 30.05 30.01 60.17 600123.SH 2.59 1.73 0.86 6.48 8.64 31.71 34.47 30.49 36.42 35.44600348.SH 2.81 2.81 2.51 5.02 8.80 34.16 39.59 39.95 34.03 30.02 3 3 3 17 5 WIND 2024 1 29|2022 2022-2024 60%2021 502.7 504.7 100.4%2022 696.3 39%10 25.5 506.6 72.8%47 2018 48 2018 WIND WIND 0.00%20.00%40.00%60.00%80.00%100.00%120.00%0.00.51.01.52.02.53.02018 2019 2020 2021 2022/-20%-10%0%10%20%30%40%50%01002003004005006007008002018 2019 2020 2021 2022|90%49 2022 WIND 0500100015002000250030003500400045000 5000 10000 15000 20000 25000 30000 35000 40000 18 1 4000 32 15002 3500 33 15003 3500 34 15004 3500 35 13005 3400 36 13006 3000 37 13007 3000 38 13008 3000 39 13009 2800 40 130010 2800 41 130011 2500 42 123012 2500 43 120013 2500 44 120014 2000 45 120015 2000 46 120016 2000 47 120017 2000 48 120018 2000 49 120019 2000 50 110020 2000 51 110021 2000 52 100022 1800 53 100023 1800 54 100024 1800 55 100025 1800 56 100026 1800 57 100027 1800 58 100028 1800 59 100029 1600 60 100030 1600 61 100031 1600 62 1000|44.3117.567.443.510158.720.468.80 50 100 150329268.6183.714244.241.721.610.20 50 100 150 200 250 300 350 05,00010,00015,00020,00025,00030,00035,00040,00045,000 10.1%8.4%11.6%13.4%11.2%13.8%15.9%16.6%53 2022 WIND 51 2022 WIND 50 2022 WIND 52 2022 WIND 0%5%10%15%20%25%30%35%050100150200250300350400/%54 2022 WIND 0%10%20%30%40%50%60%70%02004006008001,0001,2001,400/%55 2022 WIND 66.8%22.6%4.5%1.7%4.5%97.4%0.5%2.0%82.0%9.9%4.3%0.9%2.9%62.7%12.1%1.4%23.9%58.8%40.2%0.8%0.3%97.5%0.9%1.6%65.2%34.9%97.1%0.7%2.3%|13 6 10 71154 53.9%10847 8.2%8544 6.5%6443 4.9%6027 4.6%5464 4.1%5141 3.9%4382 3.3%4084 3.1%3058 2.3%19 2022 56 2022 WIND 0.0100.0200.0300.0400.0500.0600.0700.0800.0900.0-1000 0 1000 2000 3000 4000 5000 6000 7000|57 2022 WIND|60 2022 WIND 61 2022 WIND 58 2022 WIND 59 2022 WIND 336.988.754.215.944.30 100 200 300 40081.36644.929.623.37.30 20 40 60 80 100 01,0002,0003,0004,0005,0006,000 18.30%14.90%11.90%11.20%21.00%8.30%0%5%10%15%20%25%30%35%40%0100200300400500600700800/%0%10%20%30%40%50%60%70%80%02004006008001,0001,2001,4001,6001,8002,000/%62 WIND 90.7%8.8%0.5%63.7%19.6%11.1%0.9%1.0%3.8%72.1%20.1%0.1%1.2%3.8%2.8%31.5%18.9%49.6%97.6%5.3%0.2%1.3%-4.4%85.5%30.7%1.2%-17.4%|65 2022 WIND|20%-40%64 2022 63 2022 WIND 64.5%13.4%8.8%6.0%1.7%1.5%1.3%2.8%32.317.30 10 20 30 40 33.366.90 20 40 60 800.050.0100.0150.0200.0250.0300.0350.0400.0450.00 1,000 2,000 3,000 4,000 5,000 6,000|67 2022 WIND 68 2022 WIND 69 2022 WIND 66 2022 WIND 0500100015002000250030003500400045005000 13.20%21.30%0%5%10%15%20%25%163267.30%5%10%15%20%25%30%35%050100150200250300/%70 WIND 94.0%0.6%0.2%5.2%71.0%28.8%0.2%0.00%10.00%20.00%30.00%40.00%50.00%60.00%70.00%01002003004005006007008009001,000/%1.2.3.4.6 12 6 12 A 300 000300.SH 899001.CSI(HSI.HI)500(SPX.GI)IXIC.GI 20%10%-20%10%10%10%10%10%125 36 518046 0755-82130833 1199 1 12 200135 6 9 100032
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