资源描述
|2022 11 18 16.8%2 1 2 LPR 3 23 23 23 10.7%vs11.2%22E 22 729 23 23 8.5%vs7.5%22E 22 11 18 PB 0.47x 14%(600919)(601009)(601838)(601825)(601658)(600036)(601166)/2022 11 20 021-63325888*6083 S0860514060001 BPU409 S0860522040001 2022-11-09 3 2022-10-31 2022 2022-09-02 2022 2022-05-31 2023 2 1.2022.5 1.1.5 1.2.6 2.8 2.1.8 2.2.10 2.3.12 3.14 3.1.14 3.2.19 3.3.22 4.“”.24 4.1.24 4.2.26 5.29 5.1.29 5.2.30 5.3.30 6.31 3 1.5 2 2022.5 3.6 4 2022.6 5 2022.6 6.7 7 2022.7 8.8 9.8 10 2023 10.5%2022.10 11 23 23 1.5.10 12.10 13.11 14.11 15.11 16.12 17.13 18.13 19-22H1.13 20.17 21.24 22 30.24 23.26 24 22Q3.28 25 14%.30 26.30 27.31 28.31 29-22H1.31 1.9 2 22Q3 22Q2.14 3.16 4.17 4 5 2022Q3.19 6 2020.19 7 9.20 8 9.21 9 2022 LPR 2023.22 10 22H1.25 11 2022Q3.26 12 2022 2023.29 5 1.2022 11 18 16.8%2 1 2 LPR 3 1.1 11 18 16.8%11 18 PB 0.47x 2013 1 2021 12 31 1 Wind 2 2022 Wind 0.0%5.0%10.0%15.0%20.0%25.0%30.0%0.700.750.800.850.900.951.001.051.101.152021/122022/12022/22022/32022/42022/52022/62022/72022/82022/92022/10 300()3000.00.51.01.52.02.53.00.00.20.40.60.81.01.21.41.62013/1 2014/1 2015/1 2016/1 2017/1 2018/1 2019/1 2020/1 2021/1 2022/1 LF SW 300 6 11 18 28.7%/25.5%/19.1%/14.4%31.0%/29.9%/23.8%2022 3 Wind 1.2 2022 3 8.0%2021 4.6 2.8%2021 5.1 0.9%2010 1 2 3 4 2022 5 2022 Wind Wind-50%-40%-30%-20%-10%0%10%20%30%40%0%5%10%15%20%2020/32020/62020/92020/122021/32021/62021/92021/122022/32022/62022/9-15%-10%-5%0%5%10%15%20%2020/32020/62020/92020/122021/32021/62021/92021/122022/32022/62022/9 7 22 3 1 3 11.0%21 2 3 8.6 vs 5.3 2021A 3 3 6.5%21 0.9 4 3 0.7%3 0.2 vs 2.2 2021A 5 3 0.4 vs 5.2%21A 21 6 Wind 3 15%20%7 2022 Wind-10.0%-5.0%0.0%5.0%10.0%15.0%YoY2021 2022Q1 2022H1 2022Q1-3-20%-10%0%10%20%30%40%22Q1-3 22Q1-3 8 2.23 23 10.7%2.1 22 10 11.1%1-10 2.8 6338 1.8 8 9 Wind Wind 23 2023 23 2021 1.5 10.7%vs11.2%22E 10.0%10.5%11.0%11.5%12.0%12.5%13.0%13.5%050,000100,000150,000200,0002020 1-10 2021 1-10 2022 1-10()9 1/2022/7/21 9192 6.6 3.3 6 22.6%30%3.3 1.6 28.9%21 18.6 2022/8/10 2022 0.25 9000 MLF 8000 3000 1%2%1000 2022/8/12 12 13.68 9192 1.52 6.8 2022/8/22 2022/8/24 3000 3000 2022/9/5 8000 3000 3000 2022/9/23 2022/10/28 2023 36.5 1 2 23 4.15 7.8 3 2022 10 4155 8-9 4 10 10 9%15%3.45 10 2023 10.5%2022 11 23 23 1.5 Wind Wind 2.2 2022 3 3.06 9 31.93 12.5%12 Wind 2023 2023 051015200100,000200,000300,000400,000%0.02.04.06.08.010.012.014.016.0050,000100,000150,000200,000250,000%-30-101030502010/22010/82011/22011/82012/22012/82013/22013/82014/22014/82015/22015/82016/22016/82017/22017/82018/22018/82019/22019/82020/22020/82021/22021/82022/22022/8(%):GDP:11 13 Wind 1-10 2.8 9 2.2%2023 2022 14 15 Wind Wind 10 512 938 11 11 0200004000060000800001000001200001400001600001800002010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021()-2,00002,0004,0006,0008,00010,0001 2 3 4 5 6 7 8 9 10 11 12()2020 2021 20222.2-100102030402004/32005/32006/32007/32008/32009/32010/32011/32012/32013/32014/32015/32016/32017/32018/32019/32020/32021/32022/3(%):12 20 2.3 2020 2021 2022 3 10.1%16 Wind-40-2002040602010201120122013201420152016201720182019202020212022(%):13 17 18 Wind Wind 6 29.7%19-22H1 Wind-20-1001020304050602015/52015/102017/42017/82018/42018/72018/102019/32019/62019/92019/122020/42020/72020/102021/22021/52021/82021/112022/32022/62022/9(%):101520253035404550(%):0%10%20%30%40%50%60%05,00010,00015,00020,00025,000()14 3.2022 3.1 2022 22Q3 1.85%2 0.1BP 2BP Q2 Q2 3BP 37BP/25BP/10BP/9BP Q3 3.65%Q2 4BP 3 LPR Q3 1.95%Q2 4BP 2 22Q3 22Q2 2022Q2 2022Q3 2022Q2 2022Q3 2022Q2 2022Q3 3.52%3.51%1.58%1.73%2.09%1.95%3.72%3.68%1.76%1.80%2.13%2.05%3.23%3.24%1.62%1.66%1.74%1.73%3.66%3.57%1.70%1.77%2.10%1.94%3.49%3.51%2.35%2.44%1.49%1.45%3.83%3.67%1.64%1.64%2.28%2.13%3.87%3.82%1.60%1.61%2.41%2.37%4.04%3.83%2.24%2.16%1.95%1.83%4.20%3.94%2.47%2.50%1.90%1.62%3.96%3.82%2.28%2.30%1.83%1.68%3.88%3.77%2.28%2.24%1.75%1.70%4.24%4.10%2.31%2.28%2.08%1.95%4.38%4.13%2.29%2.27%2.28%2.04%4.71%4.65%2.23%2.19%2.65%2.66%4.51%4.41%2.59%2.47%2.04%2.06%3.92%3.71%2.36%2.20%1.76%1.71%4.02%3.78%2.50%2.43%1.70%1.51%15 3.88%3.71%2.20%2.15%1.87%1.75%3.74%3.47%2.27%2.15%1.63%1.46%4.39%4.27%2.63%2.49%1.90%1.92%5.14%5.00%2.92%2.67%2.31%2.43%3.89%3.76%2.36%2.34%1.68%1.56%4.16%4.08%2.25%2.26%2.06%1.96%4.87%4.69%2.70%2.48%2.28%2.32%3.87%3.92%2.33%2.39%1.62%1.62%4.33%3.92%2.67%2.53%1.86%1.57%4.39%4.26%2.38%2.30%2.17%2.11%3.78%3.60%2.51%2.43%1.47%1.36%4.73%4.35%2.93%2.82%2.00%1.73%4.40%4.19%2.52%2.40%1.93%1.83%4.07%3.89%2.31%2.19%1.92%1.84%3.87%3.77%2.15%2.07%1.83%1.81%4.01%4.09%2.21%2.15%1.96%2.09%4.16%3.94%2.44%2.35%1.88%1.73%5.17%5.11%2.34%2.32%3.01%2.98%4.00%3.83%2.03%2.05%2.10%1.93%4.76%4.53%2.47%2.41%2.46%2.29%4.10%4.12%2.33%2.34%1.90%1.93%4.05%3.92%2.25%2.24%1.96%1.84%4.37%4.00%2.34%2.23%2.21%1.96%4.48%4.30%2.39%2.32%2.29%2.17%All 3.7 6%3.6 8%1.9 1%1.9 4%2.0 1%1.9 1%3.56%3.53%1.71%1.78%2.01%1.90%4.12%3.97%2.21%2.18%2.07%1.96%4.10%3.91%2.44%2.33%1.83%1.74%4.21%4.03%2.27%2.21%2.09%1.98%1 2 22Q3 22Q2 Wind 2022 1 LPR 15BP 5 LPR 35BP LPR 16 3/&2022 9 5 2022 8 24 19 2022 8 18 2022 8 10 2022Q2 2022 8 2 2022 2022 7 28 2022 7 4 2022 2022 5 10 2022Q1 2022 5 10 2022 LPR LPR 2022 4 13 2021 12 27 2022 2022 8 4.05%17 2022 20 Wind 2022 22Q3 11.5%2021 8 2023 4 2021 22Q1 22Q2 22Q3 2021 22Q1 22Q2 22Q3 5.8%8.4%10.2%11.5%11.0%10.9%11.7%12.2%7.5%8.8%12.9%13.7%12.1%11.7%12.6%13.3%10.1%6.2%6.3%8.9%10.5%10.2%10.0%11.9%7.1%8.5%13.5%17.1%13.2%13.0%13.8%14.6%9.2%10.4%9.7%9.5%12.2%12.4%11.7%11.6%10.8%11.1%10.0%10.7%12.9%13.7%12.9%12.3%10.6%8.8%9.4%8.7%10.8%8.4%10.2%9.0%7.5%5.6%5.8%8.8%8.6%6.6%6.4%7.3%0.2%1.7%3.6%1.2%5.0%4.4%4.3%2.2%9.7%10.3%10.7%6.5%11.7%10.9%13.5%12.1%3.04.05.06.07.08.09.02007/122008/62008/122009/62009/122010/62010/122011/62011/122012/62012/122013/62013/122014/62014/122015/62015/122016/62016/122017/62017/122018/62018/122019/62019/122020/62020/122021/62021/122022/6(%):18 2.9%4.9%4.7%3.6%5.6%3.4%2.8%3.0%10.6%12.3%8.4%9.9%9.9%9.3%8.5%8.4%8.2%10.3%9.4%7.4%5.0%6.3%6.2%4.9%10.4%12.4%8.5%6.9%14.9%13.5%12.2%10.8%12.8%20.5%16.9%16.3%12.5%14.6%15.9%14.9%5.1%3.0%4.4%3.8%6.7%7.3%7.4%4.5%15.7%16.2%15.3%13.5%17.2%17.7%17.6%18.6%25.7%30.8%23.2%20.4%25.4%26.3%24.3%22.3%8.3%8.3%7.2%7.6%11.4%9.5%7.8%6.8%11.9%10.1%12.3%13.1%16.5%15.4%15.2%15.1%3.0%4.3%5.6%7.5%10.4%9.4%9.0%11.2%19.4%18.7%19.5%17.3%21.7%21.4%22.5%20.3%17.6%17.4%21.6%21.7%37.2%33.4%32.6%31.3%4.0%3.3%1.7%5.9%21.5%20.9%18.0%15.8%13.9%12.7%6.0%4.5%18.1%14.1%12.9%11.7%12.6%9.6%9.9%7.7%5.7%5.2%5.4%5.4%12.9%12.5%13.2%11.7%17.3%16.5%16.2%19.8%16.3%20.1%14.4%12.9%24.5%20.8%14.4%12.5%10.4%9.9%9.6%9.5%12.4%10.4%9.5%9.1%16.5%14.4%14.6%14.0%13.4%15.5%15.6%23.4%20.3%18.2%17.0%17.7%26.1%23.5%18.7%19.4%9.8%9.8%9.7%10.5%15.6%12.1%9.8%9.4%6.9%9.4%9.5%12.5%14.0%14.6%9.8%11.8%12.2%8.9%5.5%3.2%18.2%13.0%10.2%9.2%18.2%17.9%19.6%17.8%23.6%24.1%22.4%15.4%14.3%15.2%13.1%14.9%21.3%21.8%20.3%15.9%13.9%17.5%13.8%14.8%17.6%21.3%16.8%15.7%-5.3%-0.2%-0.2%2.4%16.0%17.7%14.7%14.6%5.7%4.5%3.0%1.5%6.8%2.2%3.7%2.7%11.5%10.0%7.5%6.4%14.6%12.9%9.7%8.9%5.5%7.7%11.4%14.8%11.0%11.5%12.5%15.5%All 8.2%8.8%10.0%10.9%11.4%11.0%11.2%11.5%7.9%8.5%10.7%12.4%11.8%11.7%12.1%12.8%7.5%8.3%7.8%6.9%9.0%7.9%8.2%7.5%12.5%12.3%11.9%11.4%15.7%15.1%14.5%13.8%9.6%9.5%8.4%8.4%15.1%13.2%11.2%10.2%22Q3 22Q2 Wind 2022 3 22Q3 28.6%Q3 Q2 7.5pct 19 5 2022Q3 2021 2022H 2022Q3 75.59%18.95%5.47%58.78%11.34%29.88%49.06%22.26%28.67%78.31%8.73%12.96%36.04%22.30%41.66%48.33%69.96%-18.29%98.54%-6.81%8.27%51.58%17.00%31.41%36.41%45.37%18.22%55.21%8.52%36.27%53.29%20.03%26.68%51.14%45.43%3.43%ALL 7 6.6 3%1 6.3 2%7.0 5%5 6.6 8%1 2.5 8%3 0.7 4%4 8.1 3%2 8.5 9%2 3.2 8%Wind 3.2 1 2 3 2023 6 2020 Mar-20 1 2 3 MPA Jun-20 2020 9 30 9.6 6.4 Jan-21 Feb-21 Feb-21 Jun-21 Apr-22 10BP Apr-22 10 1 LPR 20 Jun-22 Sep-22 6 10-15 2 2022 4 10 1 LPR 2 3 20 5 4 8-10BP 9 8 LPR 6 15bp 10bp 5bp 10-50BP 7 9 bps 1 2 3 5-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-20-35-30-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-10-30-5-10-10-10-10-15-10-5-10-10-10-10-15-10-5-10-10-10-10-45-50-5-10-10-10-10-25-30-5-10-15-17-10-20-5-10-10-10-17-35-35-5-10-10-10-10-15-10-5-12-17-17-20-25 21 10BP 5BP 23 7.7BP 23 5.4BP 23 4.4%8 9 22H1 22H1 23-BP 23 BP 23%53%83%7.63 5.86 4.40%49%78%7.46 5.37 3.99%50%76%7.48 4.09 3.52%49%81%7.45 5.51 5.12%62%67%8.10 5.12 4.95%68%96%8.41 8.21 8.29%36%80%6.82 5.33 2.56%52%68%7.62 4.98 4.17%57%57%7.85 4.50 2.83%65%62%8.26 5.09 8.39%53%61%7.67 5.74 6.57%67%68%8.34 5.35 5.18%58%61%7.89 4.66 5.01%63%70%8.14 5.71 3.94%57%69%7.86 4.96 6.64%54%65%7.72 4.89 4.46%63%61%8.13 4.72 4.29%72%70%8.61 6.69 3.75%59%61%7.97 4.50 2.93%47%63%7.33 4.82 3.62%65%62%8.24 5.27 3.24%54%77%7.69 5.44 2.97%60%67%7.98 5.47 6.31%55%68%7.73 5.38 4.58%64%66%8.22 4.76 3.71%61%67%8.06 5.18 4.08%60%63%8.02 4.52 5.57%75%62%8.75 4.84 4.91%65%79%8.23 6.15 7.22%59%65%7.95 5.02 4.67%63%76%8.15 5.81 5.30%61%81%8.06 6.57 4.51%71%84%8.53 6.61 4.40%66%84%8.31 6.67 4.59%22 66%71%8.28 5.72 5.66%62%83%8.12 6.67 3.96%59%83%7.95 8.10 4.96%71%89%8.57 7.09 5.26%71%68%8.54 5.19 5.06%71%84%8.53 5.87 3.99%66%85%8.29 6.01 6.50%ALL 54%75%7.7 0 5.4 0 4.4 0%53%80%7.65 5.51 4.59%54%66%7.71 5.16 4.09%60%65%8.02 5.12 3.86%66%77%8.31 6.09 4.82%2022 11 10 Wind 3.3 1 22Q4 9 2022 LPR 2023 2023-bps 22H1%23-bps 23-%22H1 10.10 2.03 6.79 5.09 28.87%11.26 2.09 8.15 6.05 32.18%10.13 1.76 5.95 5.13 28.94%9.97 2.02 6.72 6.24 28.47%7.55 1.53 5.02 4.85 21.56%11.16 2.27 7.04 7.10 31.89%8.19 2.44 5.60 2.69 23.40%6.87 1.99 4.94 4.13 19.62%4.95 1.65 3.43 5.65 14.13%8.11 2.15 5.28 3.32 23.17%6.41 1.84 4.38 5.01 18.31%5.83 2.06 3.89 3.77 16.67%4.84 2.13 3.30 3.54 13.83%7.41 2.76 5.90 4.07 21.18%2.29 2.28 1.55 2.07 6.55%6.79 1.77 4.34 3.96 19.39%23 3.30 2.21 2.35 1.32 9.44%1.59 1.96 0.98 0.64 4.55%4.40 1.66 2.33 2.11 12.57%5.58 2.36 3.99 2.46 15.95%2.48 2.36 1.22 0.95 7.10%4.57 1.69 2.51 1.88 13.06%6.54 2.07 4.28 2.34 18.69%4.40 2.35 3.34 4.11 12.56%6.17 1.76 3.96 4.57 17.64%4.69 1.74 2.83 3.33 13.40%5.33 2.35 3.39 2.88 15.24%4.94 1.82 2.82 2.22 14.12%5.81 1.49 3.31 3.08 16.59%4.42 1.78 2.59 2.62 12.64%6.30 1.94 3.83 3.49 18.00%3.74 2.19 2.54 1.75 10.68%4.92 1.85 3.37 2.50 14.05%2.65 3.09 2.15 1.43 7.56%3.19 2.02 3.01 1.84 9.12%3.38 2.24 2.39 1.62 9.65%4.68 1.99 3.03 2.99 13.36%5.64 2.03 3.04 2.97 16.11%6.24 2.24 4.83 2.87 17.82%6.34 1.87 3.91 2.69 18.12%2022 11 10 Wind 24 4.729 4.1 2022 1-10 22.3%26.1%2021 30 21 22 30 Wind Wind 22H1 A 3.58%71BP 0.32%4BP 22H1 31.8%5.5%2021 2023-60-40-200204060801001202020/22020/42020/62020/82020/102020/122021/32021/52021/72021/92021/112022/22022/42022/62022/82022/10(%):01002003004005006001 2 3 4 5 6 7 8 9 10 11 12()2019 2020 2021 2022 25 10 22H1 2021 22H1 2021 22H1 2021 22H1 4.79%5.47%0.24%0.31%35.3%33.1%1.85%2.98%0.20%0.25%38.5%35.9%3.39%3.97%0.36%0.36%35.7%33.0%5.05%5.67%0.27%0.36%38.5%36.6%1.25%1.90%0.34%0.37%29.1%28.5%0.02%1.01%0.44%0.52%35.8%34.4%1.41%2.82%0.28%0.27%31.9%30.1%3.63%2.89%-25.9%25.4%2.75%3.83%0.40%0.52%25.8%25.0%2.66%2.99%0.26%0.33%23.6%22.7%1.08%2.15%0.49%0.51%32.9%30.2%1.23%2.56%-23.1%22.0%0.22%0.77%0.34%0.30%30.8%30.4%0.66%0.62%-19.4%18.7%0.62%0.90%-19.3%18.7%2.87%3.58%0.28%0.32%33.6%31.8%Wind 11 11 8 11 11 16 8 5 LPR 15BP 9 Q3 26 23 4.2 22Q3 1.31%22Q2 1BP 3BP 3 0.81%vs0.85%2021A 3 242%2 2pct 4pct 3.18%500%11 2022Q3 22Q2 22Q3 22Q2 22Q3 22Q2 22Q3 1.41%1.40%-0.01%207%207%0%2.93%2.90%-0.03%1.40%1.40%0.00%244%244%0%3.43%3.42%-0.01%1.34%1.31%-0.03%183%189%5%2.77%2.47%-0.30%1.41%1.40%-0.01%305%303%-2%4.30%4.24%-0.06%1.46%1.41%-0.05%173%182%8%2.52%2.57%0.05%0.83%0.83%0.00%409%404%-5%3.40%3.31%-0.09%0.95%0.95%0.00%454%456%2%4.32%4.34%0.02%1.31%1.27%-0.04%197%202%5%2.58%2.56%-0.02%1.73%1.74%0.01%141%141%0%2.43%2.46%0.03%1.15%1.10%-0.05%251%252%1%2.89%2.76%-0.13%1.56%1.53%-0.03%158%155%-3%2.47%2.38%-0.09%27 1.24%1.24%0.00%188%189%0%2.34%2.34%0.00%1.79%1.78%-0.01%152%153%2%2.71%2.73%0.02%1.02%1.03%0.01%290%290%0%2.95%2.99%0.04%1.49%1.47%-0.02%186%181%-5%2.77%2.66%-0.11%1.64%1.59%-0.05%195%200%5%3.20%3.18%-0.02%0.90%0.90%0.00%395%398%3%3.55%3.57%0.02%0.77%0.77%0.00%522%520%-2%4.00%4.00%0.00%1.25%1.25%0.00%302%303%1%3.77%3.78%0.01%0.98%0.96%-0.02%341%360%19%3.33%3.46%0.13%1.64%1.53%-0.11%256%259%4%4.19%3.96%-0.23%0.79%0.77%-0.02%582%584%2%4.62%4.50%-0.12%0.83%0.81%-0.02%474%498%24%3.94%4.03%0.09%1.76%1.76%0.00%155%169%14%2.73%2.98%0.25%1.33%1.32%-0.01%209%206%-3%2.78%2.72%-0.06%1.22%1.19%-0.03%210%223%13%2.56%2.64%0.08%1.18%1.16%-0.02%302%310%8%3.57%3.60%0.03%0.90%0.86%-0.04%364%385%21%3.29%3.31%0.02%1.29%1.23%-0.06%263%274%11%3.40%3.37%-0.03%0.90%0.88%-0.02%505%533%28%4.56%4.69%0.13%1.33%1.32%-0.01%263%266%3%3.51%3.52%0.01%0.96%0.96%0.00%433%439%6%4.17%4.21%0.04%0.98%0.98%0.00%496%496%0%4.87%4.87%0.00%0.87%0.86%-0.01%532%539%8%4.62%4.65%0.03%0.80%0.78%-0.02%536%542%6%4.30%4.20%-0.10%0.95%0.94%-0.01%436%437%1%4.15%4.12%-0.03%0.90%0.90%0.00%533%541%8%4.83%4.88%0.05%1.20%1.17%-0.03%262%264%2%3.14%3.09%-0.05%1.72%1.91%0.19%220%216%-4%3.78%4.12%0.34%1.23%1.23%0.00%377%361%-16%4.64%4.44%-0.20%1.20%1.15%-0.05%263%272%9%3.15%3.12%-0.03%A ll 1.3 3%1.3 1%-0.01%2 4 0%2 4 2%2%3.1 9%3.1 8%-0.0 1%1.35%1.34%-0.01%238%240%2%3.23%3.22%-0.01%1.32%1.30%-0.02%221%222%1%2.91%2.88%-0.03%1.16%1.14%-0.03%308%317%9%3.58%3.61%0.03%1.12%1.12%0.01%380%376%-4%4.24%4.22%-0.01%22Q3 22Q2 Wind 28 24 22Q3 Wind 2022 2023 2023 3-4 2020 2022 2023-1.00%-0.80%-0.60%-0.40%-0.20%0.00%0.20%0.40%0.60%0.00%1.00%2.00%3.00%4.00%5.00%6.00%22Q2 22Q3 29 5.23 23 8.5%vs7.5%22E 22 11 18 PB 0.47x 14%(600919)(601009)(601838)(601825)(601658)(600036)(601166)5.1 2023 2022 2023 2023 2023 8.5%2022 12 2022 2023 2021 2022Q1-3 2022E 2023E YoY(YoY)5.0%4.2%4.3%6.0%(YoY)6.4%-0.7%0.0%5.0%(YoY)7.8%2.8%3.3%5.4%(YoY)13.5%7.8%3.3%5.4%(YoY)5.4%1.0%3.3%5.4%(YoY)-4.1%-5.4%-2.7%0.1%(YoY)12.6%8.0%7.5%8.5%YoY 11.3%11.5%11.1%10.6%2.01%1.93%1.93%1.88%1.34%1.31%1.31%1.30%238%242%236%228%Wind 30 5.2 11 18 PB 0.47x 2013 14%25 14%26 Wind Wind 5.3 2023 14.34%0%2%4%6%8%10%12%14%16%0.50.550.60.650.70.750.80.850.911.051.11.151.21.251.30PB X0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%2013/62013/122014/62014/122015/62015/122016/62016/122017/62017/122018/62018/122019/62019/122020/62020/122021/62021/122022/6 31 27 28 Wind 2022 11 7 Wind 2022 29-22H1 Wind 6.10.0%12.0%14.0%16.0%18.0%20.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%0%20%40%60%80%100%+32 21 33 Tabl e_Disclai mer 12/15%5%15%-5%+5%-5%5%-5%+5%-5%HeadertTabl e_Discl ai mer HeadertTabl e_Address 318 26 021-63325888 021-63326786 Tabl e_Disclai mer 前沿报告库是中国新经济产业咨询报告共享平台。行业范围涵盖新一代信息技术、5G、物联网、新能源、新材料、新消费、大健康、大数据、智能制造等新兴领域。为企事业单位、科研院所、投融资机构等提供研究和决策参考。扫一扫免费获取海量报告
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