20240524_民生证券_银行业专题报告：135家区域性银行2023年业绩回顾_33页.pdf

本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 1 135 2023 2024 05 24 135 2023 1000 135 93 23 135 23 23 1 23+4.4%+3.5%22-0.4pct-7.1pct 2 23+11.1%+10.8%22-1.7pct-4.1pct 3 23 1.61%22-5BP 204%22 2pct 4 23 22 23 1 1000-4000 23 2 23 22 23 22 23 3 2%4 23 23 22 23 GDP 2022 2023 Table_Author S0100521120003 S0100123070037 1.AH H-2024/05/18 2.2024 4-2024/05/12 3.2023&24Q1-2024/05/04 4.2024-2024/05/01 5.2024-2024/04/30 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 2 1 23.3 1.1.3 1.2 2023.5 2 23.10 2.1 23.10 2.2.14 2.3 2%.21 2.4.26 2.5.28 3.30 4.31.32.32 YWDWxOnQoNnMtNpMnQqPmN7N8Q7NsQpPnPnRlOoOsMjMrRrM6MpPwOuOrMuNvPnMzR/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 3 1 23 1.1 2023 2023 1000 135 2023 1 30 22 13 12 2 135 94 41 3 135 42 A 27 H 15 93 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 4 1 135 iFinD 18,061 5,348 5,023 1,433 4,608 4,441 37,487 4,464 4,322 12,391 10,200 30,855 11,204 5,031 13,922 3,907 1,944 10,912 2,571 6,684 8,333 1,712 2,698 3,380 1,340 34,034 2,435 4,534 22,883 2,143 3,886 6,018 1,850 13,140 5,536 1,576 8,317 3,345 1,426 7,423 2,477 8,408 7,089 2,350 4,287 6,289 2,071 2,618 4,679 2,026 4,304 4,382 1,860 2,116 3,889 1,761 1,227 3,063 5,523 3,746 3,052 5,038 1,561 2,050 2,761 27,117 1,824 2,470 18,413 1,489 10,801 5,021 5,426 4,883 5,004 4,711 2,297 4,184 2,258 1,945 4,024 6,881 2,033 3,586 5,768 1,158 3,488 1,554 6,080 2,671 1,115 6,048 2,635 5,317 4,679 2,527 3,417 3,919 2,443 3,118 3,285 1,969 3,063 2,368 1,672 2,504 2,035 1,552 2,341 2,033 1,514 2,075 1,939 1,464 1,578 1,577 1,407 1,574 1,396 1,230 1,566 1,150 1,136 1,044 3,613 1,106 13,460 3,563 1,033 6,307 14,411 8,133 7,599 3,362 3,020 5Vxvmyi6He1qaFkkMIURbZDzSda0ryHb0G1WUCrSdD40HnWgTxIrkfd3mrsY8MhE/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 5 1.2 2023 93 23 31 93 23 1 93 23+4.4%+3.5%22-0.4pct-7.1pct 23+3.2%22-2.2pct 2 93 iFinD 3 93 23+2.3%+13.6%22-2.8pct+10.1pct 23 4.8%10.6%4.4%3.5%0%2%4%6%8%10%12%营业收入YoY 归母净利润YoY2022 20235.4%3.2%0%1%2%3%4%5%6%2022 2023净利润YoY/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 6 22 23Q4 4 93 iFinD 2 93 23+11.1%+10.8%22-1.7pct-4.1pct 5 93 iFinD 5.1%3.5%2.3%13.6%0%2%4%6%8%10%12%14%16%净利息收入YoY 非息收入YoY2022 202312.9%14.9%11.1%10.8%8%9%10%11%12%13%14%15%16%总资产YoY 贷款总额YoY2022 2023/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 7 6 3 93 23 1.61%22-5BP 204%22 2pct 7 93 iFinD 10.8%10.9%11.0%10.8%10.6%10.7%10.8%10.9%11.0%总资产YoY 贷款总额YoY2022 20231.64%1.66%1.61%208%202%204%200%202%204%206%208%210%1.50%1.55%1.60%1.65%1.70%2021 2022 2023不良率 拨备覆盖率（右轴）/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 8 8 4 93 23 22 24 9 93 iFinD 1.73%1.63%1.59%197%206%205%192%194%196%198%200%202%204%206%208%1.50%1.55%1.60%1.65%1.70%1.75%2021 2022 2023不良贷款率 拨备覆盖率（右轴）10.32%9.98%9.80%11.23%10.96%11.00%13.59%13.14%13.09%7.5%8.5%9.5%10.5%11.5%12.5%13.5%14.5%2021 2022 2023核心一级资本充足 率 一级资本充足率 资本充足率/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 9 10 10.78%10.74%10.54%12.35%12.30%12.12%15.13%15.17%15.06%7.5%8.5%9.5%10.5%11.5%12.5%13.5%14.5%15.5%16.5%2021 2022 2023核心一级资本充足 率 一级资本充足率 资本充足率/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 10 2 23 2.1 23 1000-4000 23 1000-4000 135 16 23 10000 11 135 2023 iFinD 1 9.5 8.4 6.7 2 23 16.9%15.3%14.5%23 20.2%16.5%14.2%23 22+4.6pct+4.6pct+3.9pct 22 22 164102545350510152025303540455010000亿元以上8000,10000)6000,8000)4000,6000)2000.4000)1000,2000)样本银行数量（个）总资产规模区间（亿元）/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 11 12 135-iFinD N/A 2023 2020 2021 2022 2023 19494 11.5%8.6%13.9%14.5%0.6 49878 6.3%5.2%9.0%10.7%1.6 20734 7.5%8.0%8.8%5.3%-3.5 8420 4.9%7.7%7.2%3.6%-3.6 66686 16.7%11.1%10.1%9.7%-0.4 12396 24.8%15.0%14.3%11.0%-3.2 14203 8.4%6.9%6.8%7.0%0.2 1115 36.2%25.4%13.5%7.2%-6.2 27598 11.2%8.6%11.5%10.8%-0.7 19767 7.8%2.9%N/A 3.1%N/A 11495 4.6%5.4%9.0%13.6%4.6 14420 11.1%11.0%10.9%9.1%-1.8 17175 14.2%10.5%10.1%12.2%2.0 9381 15.5%13.8%14.7%13.2%-1.4 84360 12.5%12.3%14.4%12.6%-1.8 15793 12.9%11.9%5.0%6.9%1.8 17980 N/A N/A 5.5%1.0%-4.4 1945 N/A-13.2%6.3%6.0%-0.3 2033 6.6%6.7%7.3%10.1%2.8 1158 1.8%1.4%0.3%4.9%4.6 36507 19.3%14.7%9.4%13.3%3.9 7176 N/A N/A 9.6%9.2%-0.4 13786 16.8%17.6%17.5%10.4%-7.2 44777 11.1%8.3%9.1%7.6%-1.5 32056 N/A 16.6%16.6%16.9%0.4 15313 6.6%5.9%7.4%9.5%2.1 7647 8.3%6.2%12.1%12.1%0.0 5307 14.4%7.5%6.1%6.6%0.5 95195 19.3%18.2%17.1%15.3%-1.8 25029 11.2%9.9%8.2%8.8%0.6 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 12 13 135-iFinD N/A 2020 2021 2022 2023 22.4%14.3%16.4%14.2%-2.2 7.9%5.5%8.9%11.2%2.3 17.6%12.3%10.9%4.9%-6.0 8.5%10.3%5.3%5.9%0.6 18.6%14.2%10.9%6.8%-4.2 25.5%21.7%16.8%12.6%-4.3 15.1%14.1%15.0%13.6%-1.3 44.1%32.2%23.1%13.4%-9.6 16.8%15.2%12.6%10.8%-1.8 20.2%13.8%N/A 5.2%N/A 7.8%6.2%-0.6%11.4%11.9 19.5%18.7%14.9%12.4%-2.6 16.0%14.5%10.9%11.0%0.1 22.7%16.8%9.8%9.4%-0.4 16.9%17.0%15.9%13.5%-2.4 17.7%22.1%14.0%10.4%-3.6 N/A N/A 5.0%-13.8%-18.9 N/A 44.3%10.5%13.5%3.1 10.6%8.8%8.9%4.1%-4.8 9.8%1.2%0.6%-1.0%-1.6 22.8%19.3%13.6%13.3%-0.2 N/A N/A 9.8%2.0%-7.8 23.1%17.3%10.6%4.2%-6.4 13.2%12.8%7.5%5.7%-1.8 N/A 25.1%18.8%20.2%1.4 10.5%9.0%4.4%14.0%9.6 13.6%14.8%12.4%13.3%0.9 20.1%13.5%11.1%5.1%-6.1 21.5%20.9%18.8%16.5%-2.2 15.9%14.2%10.0%9.1%-0.8 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 13 23 22 23 23 14 iFinD N/A 2020 2021 2022 2023 2020 2021 2022 2023 16.0%12.6%15.0%15.6%-6.5-1.8-1.4 1.4 9.7%5.6%9.9%13.3%1.7 0.1 1.0 2.1 13.7%13.4%11.0%9.3%-3.9 1.1 0.1 4.4 7.2%7.9%6.2%8.3%-1.3-2.4 0.9 2.4 16.5%13.6%10.6%10.5%-2.2-0.6-0.4 3.7 15.4%13.2%12.1%11.4%-10.1-8.4-4.7-1.2 13.2%11.1%12.2%12.0%-1.9-3.0-2.8-1.6 4.8%6.3%4.6%7.4%-39.3-25.9-18.5-6.0 13.4%11.4%12.8%13.0%-3.4-3.7 0.1 2.2 12.7%10.0%7.8%9.9%-7.5-3.8 N/A 4.7 5.0%8.1%3.9%6.0%-2.8 1.9 4.4-5.4 14.6%12.0%10.5%9.9%-4.8-6.7-4.5-2.5 16.5%13.0%11.7%11.3%0.5-1.4 0.8 0.3 8.9%8.2%7.0%5.5%-13.8-8.6-2.8-3.9 15.9%15.3%14.6%14.3%-1.1-1.7-1.3 0.7 16.7%13.2%11.9%10.0%-0.9-8.9-2.1-0.4 5.3%1.8%2.2%1.1%N/A N/A-2.8 14.9 0.6%7.2%7.8%11.6%N/A-37.0-2.7-1.9 7.5%6.0%6.0%8.3%-3.2-2.8-2.9 4.2-1.0%3.6%3.3%7.1%-10.8 2.4 2.7 8.1 13.4%13.4%11.7%11.8%-9.4-5.9-1.9-1.5 9.0%11.7%10.0%11.5%N/A N/A 0.2 9.5 14.1%13.3%10.1%10.3%-9.0-4.0-0.5 6.1 6.0%13.5%7.4%8.4%-7.2 0.7-0.1 2.6 13.7%13.1%14.8%14.7%N/A-12.0-4.0-5.5 7.5%5.6%3.5%5.3%-3.0-3.3-0.9-8.7 11.6%11.4%9.2%10.7%-2.0-3.4-3.1-2.5 1.5%21.7%9.5%7.7%-18.6 8.2-1.6 2.6 18.0%15.4%14.5%14.4%-3.5-5.5-4.3-2.1 12.9%12.0%6.7%13.3%-2.9-2.2-3.3 4.2 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 14 2.2 1/2 3 23 22 1+52.7pct+38.6pct 22 2-18.5pct-17.8pct-15.3pct 23 22 23 22-6.0pct-3.6pct-18.9pct 23 22-37BP-18BP-22BP /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 15 15 135-iFinD N/A 2020 2021 2022 2023 2.4%12.6%1.9%-0.3%-2.2-1.3%2.5%-1.6%0.6%2.2 8.6%-1.6%3.9%-14.6%-18.5-7.1%2.3%-1.0%5.0%6.0 1.0%9.4%1.7%-4.0%-5.7 9.8%20.9%11.0%10.5%-0.5 7.9%-2.0%2.2%-3.2%-5.4 28.6%25.3%13.7%23.1%9.4 2.6%7.7%3.6%7.9%4.2 4.8%0.5%N/A-2.3%N/A-5.2%-12.7%0.1%3.6%3.5-5.6%6.5%12.4%2.6%-9.8 7.7%14.3%4.5%5.9%1.4 8.4%5.2%-4.5%7.8%12.3 9.1%15.6%9.1%3.0%-6.2-4.9%9.0%9.1%-6.1%-15.3 N/A N/A-11.9%-29.7%-17.8 N/A N/A-37.5%1.1%38.6-11.0%11.8%-4.3%0.5%4.8-8.9%23.4%-56.9%-4.2%52.7 10.4%12.0%6.1%6.0%-0.1 N/A N/A 3.3%7.1%3.8 2.8%6.8%1.3%11.3%10.0 2.4%10.5%-2.1%-2.2%-0.2 N/A N/A 10.0%10.6%0.6-2.2%3.8%-3.2%5.2%8.4-10.2%4.7%3.9%18.3%14.4 0.6%8.9%5.4%2.6%-2.7 9.4%20.1%9.8%7.7%-2.0 6.3%10.5%-7.0%-1.6%5.4 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 16 16 135-iFinD N/A 2020 2021 2022 2023 4.7%-0.4%8.6%-0.3%-8.9-0.8%-1.3%-1.7%-2.7%-1.0 11.9%0.9%-4.6%-21.3%-16.7-4.2%3.8%0.2%3.8%3.6 8.0%0.5%1.4%-2.7%-4.0 1.2%32.9%4.2%14.7%10.5 8.8%-3.1%5.0%-4.8%-9.8 34.9%-0.2%25.2%20.0%-5.2 8.9%8.9%4.3%2.6%-1.7 13.1%3.0%N/A 1.4%N/A 9.5%-21.8%-7.2%1.2%8.4-6.7%30.2%15.7%0.6%-15.1 16.9%4.4%3.9%4.5%0.6 11.1%6.6%-2.0%3.4%5.4 20.1%13.1%8.2%-0.9%-9.0-4.3%24.1%5.8%-4.6%-10.4 N/A N/A-14.3%-24.2%-9.8 N/A 0.0%44.5%2.9%-41.6 5.1%-0.4%6.3%-9.1%-15.3-40.5%-13.8%-25.2%-18.0%7.2 14.3%10.4%4.0%4.9%0.8 N/A N/A 0.4%13.0%12.6 22.1%6.6%0.9%3.9%3.0 18.8%10.2%-1.8%-4.9%-3.2 N/A 16.4%12.3%4.8%-7.6-2.1%-8.0%-4.1%5.2%9.3-5.0%26.5%10.9%13.0%2.1 0.9%10.8%3.0%8.4%5.4 16.6%23.2%12.0%5.7%-6.4 10.2%7.1%-4.5%-4.6%-0.1 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 17 17 135-iFinD N/A=/2020 2021 2022 2023 2021 2022 2023 2.12%1.92%1.87%1.64%-20-5-24 1.72%1.61%1.47%1.31%-11-13-17 1.68%1.58%1.39%1.02%-11-19-37 1.53%1.49%1.39%1.37%-4-10-2 2.02%1.78%1.64%1.45%-24-15-19 1.77%1.97%1.79%1.82%20-18 3 2.33%2.10%2.06%1.84%-23-4-22 1.95%1.50%1.58%1.72%-45 8 14 1.77%1.75%1.66%1.53%-2-9-13 2.21%2.16%2.06%1.75%-5-11-31 1.89%1.41%1.22%1.11%-48-19-11 1.43%1.68%1.75%1.60%25 7-15 2.45%2.28%2.15%2.02%-17-13-13 2.48%2.30%1.98%1.79%-17-33-18 1.87%1.88%1.79%1.57%1-9-23 1.71%1.89%1.84%1.66%18-4-18 N/A N/A 0.84%0.62%N/A N/A-22 N/A 0.44%0.66%0.64%N/A 22-2 1.42%1.33%1.32%1.10%-9-1-22 1.32%1.12%0.83%0.66%-20-29-17 2.12%2.00%1.86%1.75%-12-14-11 N/A N/A 0.87%0.90%N/A N/A 3 2.12%1.93%1.66%1.52%-19-27-14 1.62%1.63%1.47%1.29%1-16-18 N/A 1.97%1.90%1.71%N/A-7-20 1.95%1.69%1.52%1.47%-26-17-5 1.35%1.59%1.62%1.63%24 3 1 1.46%1.46%1.41%1.44%0-5 3 1.94%2.01%1.92%1.74%7-10-17 2.14%2.07%1.82%1.60%-7-26-22 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 18 23 22 23 23 23 23 21 21 22 22 18 135-iFinD N/A 2020 2021 2022 2023 1.2%11.6%-0.5%-2.8%-2.3-0.6%-0.8%-3.4%-2.6%0.8 6.1%-6.5%0.7%-23.4%-24.1-8.0%2.5%-3.2%6.7%9.9-1.9%9.4%-0.3%-6.0%-5.7 6.9%21.2%7.3%11.7%4.4 10.9%-6.0%2.3%-5.0%-7.4 39.4%39.4%14.7%28.8%14.2 3.0%6.8%1.0%8.4%7.4 10.2%0.0%N/A-6.1%N/A-6.0%-21.3%-3.2%-0.5%2.7-7.3%4.2%13.5%2.5%-11.0 9.7%14.6%3.1%5.5%2.4 12.3%3.8%-13.5%2.2%15.7 10.5%15.1%7.4%2.4%-5.0-11.5%11.3%10.8%-11.2%-22.1 N/A N/A-24.7%-53.5%-28.8 N/A N/A-60.2%-30.9%29.3-22.4%16.3%-8.2%2.6%10.8-13.6%32.8%-83.1%-25.6%57.5 10.7%15.1%4.4%4.8%0.3 N/A N/A-18.2%11.3%29.5 3.3%1.6%-0.4%14.4%14.8 3.8%7.1%-3.8%-4.2%-0.4 N/A 16.1%7.4%9.0%1.7-2.3%1.1%-6.1%4.8%10.9-14.9%-0.5%-0.2%23.1%23.3-2.2%11.9%3.9%-1.0%-4.9 7.7%21.7%8.0%6.6%-1.4 8.4%10.1%-12.5%-4.9%7.6(pct)/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 19 23 22 23 22 23 22 23 YoY+45.4%,+139.4pct YoY+69.2%,+83.7pct YoY+31.5%,+49.0pct YoY+26.2%,+23.6pct 19 135-iFinD N/A 2020 2021 2022 2023-3.1%20.1%17.1%7.4%-9.8-2.6%3.1%9.6%2.7%-6.9-10.7%4.8%4.7%-40.1%-44.8 3.9%4.2%9.3%7.5%-1.8-11.2%4.9%2.4%-7.3%-9.7 13.1%26.1%25.1%19.6%-5.5 2.7%4.5%3.9%-6.0%-9.9 59.2%8.4%12.5%6.8%-5.7-13.3%11.0%1.3%1.7%0.4 0.3%5.0%N/A-16.5%N/A-67.4%-34.4%14.7%22.1%7.4-43.5%16.2%24.7%11.1%-13.6-1.0%13.5%5.5%6.7%1.2-1.9%33.7%9.1%-35.5%-44.5 3.7%23.1%22.8%9.5%-13.3-6.7%4.6%-9.9%-37.8%-27.9 N/A N/A N/A N/A N/A-93.3%130.5%223.8-9.0%4.2%8.5%-16.3%-24.8 5.7%10.0%-59.4%-3.3%56.1 3.0%15.8%2.8%11.7%8.9 N/A N/A N/A 27.1%N/A 4.3%9.1%0.9%3.6%2.7-0.3%9.3%4.8%4.3%-0.5 N/A 23.6%18.1%19.0%1.0-8.9%-10.6%9.8%6.0%-3.8-16.6%-11.8%5.4%1.2%-4.2 20.0%15.2%9.7%-20.7%-30.4 0.9%24.6%18.8%15.7%-3.1-8.0%9.7%3.9%4.9%1.0 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 20 20 135-iFinD N/A 2020 2021 2022 2023 5.4%9.7%-29.2%-11.5%17.7 7.7%-5.5%-16.7%-11.9%4.7 25.8%-13.7%4.2%13.5%9.3-6.9%1.6%-6.4%6.2%12.6 23.5%18.0%-0.9%-1.1%-0.2 3.3%17.1%1.7%7.2%5.6 16.6%-15.1%1.8%-0.4%-2.2 17.9%107.2%28.0%39.2%11.2 24.8%4.0%4.2%14.2%10.1 16.1%-0.9%N/A 4.0%N/A 43.3%-16.5%-4.4%6.9%11.4 26.2%-1.6%4.1%7.4%3.3 22.5%16.1%0.9%5.4%4.5 17.4%-7.4%-17.5%31.5%49.0 17.8%-1.9%-10.1%-14.7%-4.6-13.1%20.3%21.0%-1.5%-22.5 N/A N/A-17.5%-69.5%-51.9 N/A N/A-55.6%-28.1%27.5-24.8%21.8%-9.3%1.7%11.0-24.3%54.8%-94.0%45.4%139.4 19.6%16.7%10.6%2.2%-8.4 N/A N/A-82.5%-15.3%67.2 10.4%3.4%2.6%26.2%23.6 13.3%2.4%-17.6%-27.4%-9.8 N/A 8.4%-2.3%-5.5%-3.2 6.5%13.0%-15.3%4.4%19.7-15.7%52.0%-14.5%69.2%83.7-4.6%8.6%-0.7%10.5%11.1 21.9%21.5%-7.9%-5.8%2.1 43.6%12.3%-26.4%-16.5%9.9 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 21 2.3 2%2%23 1%-2%3%21 2023 iFinD 1 2 3 1 1267235010203040506070804%以上3%,4%)2%,3%)1%,2%)0.5%,1%)样本银行数量（个）不良率区间/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 22 22 135-iFinD N/A 2020 2021 2022 2023 2021 2022 2023 1.97%1.78%1.51%1.30%-19-27-21 1.44%1.39%1.36%1.28%-5-3-8 0.98%1.14%1.27%1.58%16 14 31 2.01%1.88%1.85%1.85%-13-3 1 1.23%1.27%1.50%1.54%5 23 4 1.50%1.46%1.40%1.58%-3-7 18 1.43%1.38%1.58%1.70%-5 19 12 1.29%1.36%1.65%1.62%6 30-3 2.02%1.99%2.06%1.81%-3 7-25 2.16%2.04%1.91%1.99%-11-13 7 2.74%2.99%3.06%2.90%25 7-15 3.21%2.57%2.46%2.64%-64-11 19 1.48%1.53%1.49%1.56%5-4 7 1.81%1.82%1.95%2.04%1 13 9 1.25%1.06%0.93%0.91%-19-13-2 1.70%1.50%2.02%2.03%-20 52 1 N/A 3.11%3.03%2.70%N/A-8-33 4.20%4.15%3.51%2.08%-5-64-143 3.54%3.08%2.73%2.49%-47-35-24 3.10%2.81%2.61%2.68%-29-20 7 1.58%1.62%1.61%1.48%4 0-14 N/A N/A 2.05%1.76%N/A N/A-29 1.84%1.86%1.69%1.78%2-18 10 1.14%1.15%1.15%1.13%0 0-2 1.83%1.55%1.41%1.22%-28-14-19 2.21%2.38%2.00%1.84%17-38-15 1.11%1.25%1.19%1.12%14-6-6 1.95%1.63%1.69%1.76%-32 6 7 1.07%0.95%0.93%0.87%-12-2-6 1.29%1.28%1.34%1.29%-2 6-5 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 23 23 135-iFinD N/A 2020 2021 2022 2023 2021 2022 2023 0.93%1.28%0.84%0.68%35-44-16 1.22%3.50%3.06%1.78%227-44-128 2.52%2.30%2.22%2.46%-22-8 24 5.16%4.83%4.80%5.46%-33-3 66 2.37%2.54%4.18%2.86%16 165-133 3.04%2.41%1.79%1.96%-63-62 17 4.10%4.69%4.50%2.89%59-19-161 1.09%2.50%6.72%5.12%141 422-160 3.16%3.34%3.62%4.07%18 28 45 2.33%2.53%2.31%2.65%20-22 34 7.33%8.41%11.17%11.88%108 276 71 5.12%3.62%3.13%2.90%-150-49-23 2.66%2.62%2.35%2.45%-4-28 10 7.99%7.86%8.27%7.21%-13 41-106 1.47%1.19%1.03%1.13%-28-16 10 2.14%2.82%4.20%3.33%68 138-87 N/A 6.65%6.61%6.48%N/A-4-13 6.68%9.70%3.90%2.92%302-580-98 6.66%7.11%5.64%3.15%45-146-250 6.49%6.89%6.55%7.21%40-34 66 2.65%2.58%2.52%2.50%-7-6-2 N/A N/A 4.08%3.71%N/A N/A-38 4.26%3.88%3.88%5.22%-39 0 134 1.34%1.06%1.19%1.65%-28 13 46 2.19%1.63%2.24%2.10%-56 61-14 6.04%4.83%4.88%4.36%-120 5-53 1.69%1.79%1.76%0.90%9-2-86 2.17%3.79%3.31%3.59%161-48 29 1.04%1.18%0.94%1.13%14-24 20 3.21%3.27%3.56%3.21%6 29-35 /本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 24 90 1 90 23 90+/100%24 135 90+/-iFinD N/A 2020 2021 2022 2023 2020 2021 2022 2023 1.73%1.77%1.72%1.46%71%68%81%69%1.70%1.93%2.05%1.46%122%121%123%71%1.79%1.70%2.20%2.46%83%80%80%100%4.25%3.21%2.51%3.10%84%79%84%69%1.73%2.24%2.70%2.84%85%85%85%93%2.08%2.21%2.20%2.47%99%97%79%74%3.29%2.58%3.63%2.95%58%80%76%79%2.69%5.23%4.11%3.70%126%184%147%83%2.28%3.28%4.69%3.46%79%85%79%83%3.14%3.34%3.28%4.04%91%88%88%92%6.02%8.58%10.52%9.46%99%165%194%226%3.95%3.59%4.07%4.37%60%83%91%106%1.81%1.66%1.74%1.81%75%68%69%70%3.48%4.19%2.78%3.46%107%104%101%109%1.04%0.99%0.98%1.14%59%67%66%72%2.25%2.53%3.98%2.88%80%113%84%92%N/A 6.91%5.15%5.42%N/A 110%127%138%6.08%8.74%4.64%3.21%116%101%90%127%5.38%4.30%3.91%1.89%90%84%70%28%N/A N/A N/A N/A N/A N/A N/A N/A 2.19%2.26%2.05%2.11%71%63%72%77%N/A N/A 3.24%2.80%N/A N/A 93%93%2.55%2.51%2.80%2.62%98%99%110%90%1.47%1.58%1.57%1.48%93%96%94%94%2.41%2.03%2.07%1.75%74%81%80%80%3.33%3.41%2.64%2.10%100%119%90%83%0.93%1.06%1.76%1.62%59%78%100%89%2.18%3.16%4.81%2.70%88%112%106%71%1.01%1.04%1.14%1.10%58%63%67%73%2.05%2.19%2.47%2.02%70%73%74%83%/本公司具 备证券 投资咨 询业务 资格，请务必 阅读最 后一页 免责声 明 证券研究 报告 25 150%2.5%23 25 135-iFinD N/A 2020 2021 2022 2023 2020 2021 2022 2023 184%239%272%266%-6 3.63%4.25%4.10%3.45%-65 239%227%225%226%1 3.44%3.16%3.06%2.90%-16 250%218%197%157%-39 2.44%2.47%2.50%2.49%-2 154%161%164%165%1 3.09%3.02%3.02%3.06%4 242%241%208%199%-9 2.96%3.07%3.11%3.07%-5 171%167%164%159%-5 2.57%2.45%2.28%2.50%22 281%314%278%249%-29 4.01%