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TRANSCRIPT
-
67.76%
[2014] 350
-
67.76%
................................................................................... 1
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..................................................................................... 4
............................... 4
......................................................................................... 11
..................................................................... 12
......................................................................... 13
..................................................................................... 13
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......................................................................................... 17
............................................................. 29
......................................................................................... 31
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-
67.76%
1
-
67.76%
2
67.76%
[2014] 350
67.76%
2014 3 31
-
67.76%
3
2014 3 31
2014 3
31 17555.96
43068.28 25512.32
145.32%
67.76% 29183.07
2014 3 31 2015 3 30
-
67.76%
4
67.76%
[2014] 350
:
:
67.76%
2014 3 31
-
67.76%
5
6
510700000059847
1994 12 26
259
510700000047992
1991 11 28
-
67.76%
6
259
510000000080272 6-5
2000 7 31
765
-
67.76%
7
510109000057444
2006 2 28
3,000.00
2,850.00 95%
90.00 3%
60.00
2% 2006 2 22
2006 004 2008 9 20
[2008]91 2008 6 30
-
67.76%
8
3,000.00 3,410.84
3,000.00 3,000.00
2,638.65 5,638.65
5,488.65 97.34% 90.00
1.60% 60.00 1.06%
2008 12 25 2008 022
2011 2 26 2010 12 31
2011 3 17
2011 15 2011 3 20
2010 12 31
XYZH/2010CDA3023-2 2010 12 31
63,176,697.89
56,386,500 1:1 56,386,500
6,790,197.89
2011 8 26 2011 56
2011 8 22
8,000,000.00
XYZH/2011CDA3022
2011 11 4 2011
2011 11 22
-
67.76%
9
2,613,500
2 2,613,500.00
2,613,500.00
67,000,000.00
2012 4 1 150,000.00
30,000.00 30,000.00
30,000.00 20,000.00
20,000.00 20,000.00
100,000.00 80,000.00 20,000.00
2012 6 27 100,000.00
2012 7 27 2012 4
2012 8 14
2012 42
14,000,000
1 4.2
14,000,000.00 44,800,000.00
81,000,000.00
2013 4 23 80,000.00
50,000.00 30,000.00
2013 5 7 60,000.00
80,000.00
150,000.00 50,000.00
100,000.00
-
67.76%
10
2013 12 18
50,000.00 15,000.00
15,000.00 15,000.00
15,000.00 20,000.00 30,000.00
10,000.00
2014 3 24 ( 51340119790514****
100,000.00 20,000.00
( 51290319770124**** 40,000.00
20,000.00 20,000.00
30,000.00 20,000.00
( 51290319770124**** 10,000.00
30,000.00
8,100.00
1 54,886,500.00 67.76% 2 900,000.00 1.11% 3 600,000.00 0.74% 4 2,613,500.00 3.23% 5 52 8,000,000.00 9.88% 6 5,000,000.00 6.17% 7 4,500,000.00 5.56% 8 500,000.00 0.62% 9 1,800,000.00 2.22% 10 1,500,000.00 1.85%
11 700,000.00 0.86%
81,000,000.00 100.00%
2
2014 3 31
-
67.76%
11
315,385,226.59 139,825,615.71
175,559,610.88 36,595,946.29
5,132,190.48
2012 12 31 2013 12 31 2014 3 31
253,718,251.20 336,939,453.18 315,385,226.59 90,124,528.92 166,512,032.78 139,825,615.71 163,593,722.28 170,427,420.40 175,559,610.88
2012 2013 2014 1-3
106,829,191.42 152,315,814.88 36,595,946.29 14,513,878.72 18,990,546.73 5,824,441.94
11,823,648.52 17,363,698.12 5,132,190.48
2014 4 18
2014 5 5
-
67.76%
12
67.76%
315,385,226.59
139,825,615.71 175,559,610.88
233,265,996.70 82,119,229.89
130,395,615.71 9,430,000.00
7,844.28
24.87%
1 765
A
2
3
2006
765 A
-
67.76%
13
RFID
2014 3 31
-
67.76%
14
2014 4
18
1 2013 12 28
2 91 1991
3
12 2005 8 25
4
[2006]274
5 2004 8 28
6 3
2003 12 31
7 378 2003
5 27
8
2006 306 2006 12 31
9 2005 10 27
-
67.76%
15
10 2010 4 29
11 11 < >
2013 64
12
1 2004 20
2 2004 20
3 [2011]230
4 [2007]189
5 [2007]189
6 [2007]189
7 [2008]217
8 [2008]217
9 [2007]189
10 [2011]227
11 2012 248
12 [2011]230
13
[2003]18
14
[2011]230 2011 12 30
15 1 38 [2006]3
16 33
-
67.76%
16
17 [2006]18
18 (GB/T50291-1999)
1
2
3
4
1 [2002]394
2
3 2013
2011.11
4 2008 170
5
6
7
8
9
10
11
1 2011 2012 2013
-
67.76%
17
2 wind
3
-
67.76%
18
1
1
2
0
-
67.76%
19
100%
0
1 1.5% 1 2
5% 2 3
15% 3
50%
3
4
-
67.76%
20
= 1- -
- - 1- r
a
b
c
d. = ;
e. ;
f. r
-
67.76%
21
r 0 50%
100%
2
1
-
67.76%
22
=
2 -
-
67.76%
23
=A/R [1-1/(1+R)N]
A ( = - )
= (1- )
= + + +
R
N ( )
3 -
=
A
= + +
= + 10%+
B
-
67.76%
24
=
A
1 / 100%
B
= + 100%
=
2 -
-
67.76%
25
n
ii
i
rR
KP1 )1(
P
Ri i
K
n
i
r
3
3
-
67.76%
26
1
DCF
2
2014 3 31
-
67.76%
27
DCF
3
1
DBE 1
E
B
iB P C 2
P
ii
n
ii
i
rrR
rR
P)1()1(
1
1 3
Ri i
r
n
21 CCCi 4
C1
C2
D
2
-
67.76%
28
R= + + - 5
= + 6
3
WACC r
eedd wrwrr 7
Wd
)( DEDwd 8
We
)( DEEwe 9
re CAPM
re
)( fmefe rrrr 10
rf
rm
))1(1(EDtue 11
-
67.76%
29
i
i
tu
ED
t)1(1( 12
xt K %66%34 13
K K=1
P
PXx
RRCov );( 14
),( PX RRCov :
Di Ei
1 2014 4
2 2014
4
2014 4 20 4 30
-
67.76%
30
1
2
3
4
5
6
7
8
2014 5 1 2014 5 9
-
67.76%
31
1
2
3
1
2
3
-
67.76%
32
1
2
3
4
5
6
7
8
9
2014 3 31
31,538.52 53,621.66
22,083.14 70.02 %
-
67.76%
33
13,982.56 13,181.01
801.55 5.73%
17,555.96 40,440.65
22,884.69 130.35%
2014 3 31
B C D=C-B E=D/B100%
1 23,326.60 23,462.50 135.90 0.58
2 8,211.92 30,159.16 21,947.24 267.26
3 - - -
4 - - -
5 - - -
6 2,000.00 17,665.40 15,665.40 783.27
7 - - -
8 5,968.86 11,774.73 5,805.87 97.27
12 - - -
13 - - -
14 - - -
15 - - -
16 - - -
17 127.32 603.28 475.96 373.83
22 115.74 115.74 0.00 0.00
23 - - -
24 31,538.52 53,621.66 22,083.14 70.02
25 13,039.56 13,039.56 - -
26 943.00 141.45 -801.55 -85.00
27 13,982.56 13,181.01 -801.55 -5.73
28 17,555.96 40,440.65 22,884.69 130.35
-
67.76%
34
22,884.69
1 103.81
2 15,665.40
3 5,782.28
4 475.96
DCF
2014 3 31
2014 3 31 17,555.96
43,068.28 25,512.32 145.32%
1
43,068.28
40440.65 2627.63
6.50%
-
67.76%
35
1
2
2
43,068.28
67.76% 29183.07
1
765 2948770
0513 -027
-
67.76%
36
2
765 2851482
DB1300000139054
1
2 2008 4
2012 6
2012
2013 2014 1-3 15%
2014 -2017 15% 2018 25%
2
-
67.76%
37
3
4
5
6
1
2
3
-
67.76%
38
2014 3 31 2015 3 30
-
67.76%
40
1
2
3
4
5
6
7
8
9