䈭䰻䈱ᴶ੄ж享ރ䍙༦᱄਀ؗᚥᣡ䵨 http://www.cindasc.com 1 ׾֛૲৐ॸӦУ▁ ĂĂׂйӣ୕িङ௤ைଣਁ׿֜ [Table_ReportTime] 2022ᒪ4ᴾ28ᰛ [Table_FirstAuthor] ӄ᱄᱄ 䠇㷃ᐛぁф䠇㷃ӝ૷俌ᑣ᷆ᐾ࠼ ᢝѐ㕌ਭφS1500521070001 㚊㌱⭫䈓φ+86 18616021459 䛤 ㇧φ yumingming@cindasc.com 䈭䰻䈱ᴶ੄ж享ރ䍙༦᱄਀ؗᚥᣡ䵨 http://www.cindasc.com 2 䇷࡮⹊ガᣛ઀ 㛗車⹊ガࡍ㌱ [Table_ReportType] 䠇ᐛщ从ᣛ઀ [Table_Author] ӄ᱄᱄ 䠇㷃ᐛぁф䠇㷃ӝ૷ 俌ᑣ࠼᷆ᐾ ᢝѐ㕌ਭφS1500521070001 㚊㌱⭫䈓φ+86 18616021459 䛤 ㇧φ yumingming@cindasc.com ؗ䗴䇷࡮㛗Գᴿ䲆ޢਮ CINDA SECURITIES CO.,LTD ्Ӣᐸ㾵ค॰䰯ᐸਙཝ㺍9ਭ䲘1ਭᾲ 䛤㕌φ100031 [Table_Title] ะӄ࠼䫕㓵Ⲻ儎仇䘿㛗ഖᆆ [Table_ReportDate] 2022ᒪ4ᴾ28ᰛ [Table_Summary] ¾ ᵢᮽᱥഖᆆ䘿㛗㌱ࡍᅴжㇽȾ䠅ौ䘿㛗ⲺᱥԄऻᤢ䠅ԭᮦᦤȽะᵢ䶘ᮦᦤȽᮽᵢᮦᦤᡌᱥਜ㊱ᮦᦤᅀж㌱ࡍѣᨆ⛲ޭ࠰ᴿ人⎁᭾᷒Ⲻؗᚥθ䘑㙂ሯ㛗車ᵠᶛ᭬ⴀ⦽䘑㺂人⎁θᒬะӄ䈛人⎁ᶺᔰ㛗車㓺ਾⲺ䗽ぁθެѣഖᆆ䘿㛗′′′′ශᱥ䠅ौ䘿㛗⡾ഴѣⲺжѠ䶔ᑮ䠃㾷Ⲻ㓺ᡆ䜞࠼Ⱦ ¾ ᵢᮽ䈋ഴԄ儎仇࠼䫕㓵ᮦᦤޛᢁθ᥌᧎൞ᰛޭ޻ᴿ儎ؗᚥ໔ⴀⲺഖᆆθ൞уੂⲺ仇⦽(30࠼䫕θᰛᓜ)рỶ⎁ഖᆆⲺ人⎁᭾᷒ȾԄ㔉᷒ᶛⵁθ᭯䘑੄Ⲻ儎仇ഖᆆᴿᖾᕰⲺ᭬ⴀ人⎁᭾᷒θ⭧ӄA㛗䳴ԛڐグθ䙐ᑮՐ䙖ᡆཐཪૂグཪ࣑䠅Ⲻу९䞃θԄ䘏Ѡ䀈ᓜ࠰ਇθᡇԢਥԛሯ࠼䫕᭬ⴀ䘑㺂жѠ࠼ࡈθሼ࠼䫕㓵᭬ⴀ࠼Ѱཝӄ0ૂቅӄ0⎁㇍ࡡ࠼߫Ⲻ᛻θਇ⧦ะӄᡆӚ䠅᭯䘑੄Ⲻഖᆆ൞ཐཪૂグཪњ〃᛻ᖘсࡡ࠼੾⧦Ҽਃ䖢ૂࣞ䠅њ〃᛻ᖘȾ ൞ഔ⎁॰䰪2013/01/01 ~ 2022/02/28φ޻ z ࣖрᡆӚ䠅ૂ᭬ⴀ㆑䘿੄Ⲻ᭯䘑↙᭬ⴀਃ䖢ഖᆆѣᙝौ੄൞ᰛᓜ仇⦽рRankICٲൽਥ䗴5.99%θICIRѰ0.74Ⱦ z ࣖрᡆӚ䠅ૂ᭬ⴀ㆑䘿੄Ⲻ᭯䘑䍕᭬ⴀࣞ䠅ഖᆆѣᙝौ੄൞ᰛᓜ仇⦽рRankICٲൽਥ䗴4.60%θICIRѰ0.62Ⱦ z ࣖрᡆӚ䠅㆑䘿੄Ⲻ᭯䘑⌘ࣞ⦽ഖᆆѣᙝौ੄൞ᰛᓜ仇⦽рRankICѰٲൽ6.52%θICIRѰ0.70Ⱦ z ቴⴎᡆӚ仓খ∊ഖᆆѣᙝौ੄൞ᰛᓜ仇⦽рRankICѰٲൽ5.45%θICIRѰ0.50Ⱦ ¾ ഖᆆ㓺ਾ਀䍯⦽࠼᷆Ⱦ z ৱ䲚᭯䘑᭬ⴀਃ䖢ഖᆆ੄Ⲻњഖᆆδ᭯䘑⌘ࣞ⦽ૂቴⴎᡆӚ仓খ∊ഖᆆεࢃ10%ᅀᵹ㓥ཐཪ㓺ਾ⴮ሯѣ䇷ޞ᤽Ⲻ13点〥䎻仓᭬ⴀ൞ਂ䗯0.05%Ⲻᢁ㔣䍯сਥ䗴187.93%θᒪौ20.5%Ⱦ z ⴮ީᙝࣖᵹⲺпഖᆆࢃ10%ᅀᵹ㓥ཐཪ㓺ਾ⴮ሯѣ䇷ޞ᤽Ⲻ13点〥䎻仓᭬ⴀ൞ਂ䗯0.05%Ⲻᢁ㔣䍯сਥ䗴261.93%θᒪौ28.57%Ⱦ ¾ ഖᆆ䱺ᖋȾ൞р䘦ഖᆆ਀ެ᭯䘑Ⲻะ⹶рθᵢᮽ䘎࠰㔏Ҽжӑᑮ㿷᤽ḽⲺ㔕䇗䠅θԄRank ICԛ਀ICIRⲺ䀈ᓜৱ㺗䠅֒ެѰഖᆆⲺ᭾⭞ȾԄ㺞ѣਥԛⵁ࠰θᑮ㿷᤽ḽѣҕᆎ൞жӑ᭾⭞䖹Ѱᱴ㪍ⲺഖᆆȾ ¾ 伄䲟ഖ㍖φ ԛр㔉᷒䙐䗽়ਨᮦᦤ㔕䇗Ƚᔰ′′′′ૂ⎁㇍ᇂᡆθ൞ᐸ൰⌘ࣞ у⺤ᇐᙝсਥ㜳ᆎ൞ཧ᭾伄䲟Ⱦ 䈭䰻䈱ᴶ੄ж享ރ䍙༦᱄਀ؗᚥᣡ䵨 http://www.cindasc.com 3 ⴤ ᖋ ഖᆆ䘿㛗㌱ࡍҁжφะӄ࠼䫕㓵Ⲻ儎仇䘿㛗ഖᆆ ........................................................................... 4 1. ഖᆆᴿ᭾ᙝỶ僂 .............................................................................................................................. 5 1.1 ṭᵢ⊖㆑䘿 ............................................................................................................... 5 1.2 ഖᆆٲ人༺⨼ ........................................................................................................... 5 1.3 ഖᆆѣᙝौ༺⨼ ........................................................................................................ 6 1.4 ഖᆆ㔕䇗᤽ḽ ........................................................................................................... 6 2. ะӄ࠼䫕ᮦᦤⲺ儎仇ഖᆆ ............................................................................................................... 8 2.1 ᭬ⴀਃ䖢ഖᆆ ........................................................................................................... 9 2.2 ᭬ⴀ⌘ࣞ⦽ഖᆆ ...................................................................................................... 18 2.3 ቴⴎᡆӚ仓খ∊ഖᆆ .............................................................................................. 24 3. ะӄ儎仇ᮦᦤⲺᰛᓜ䈹ԉཐഖᆆᆔ⮛ ......................................................................................... 26 3.1 ࢊ䲚ഖᆆࢇ࢜ࢋ̴࢙࢘࢕࢖ૂࢇ࢜ࢋ̴࢘ࢍࢋ࢔੄Ⲻᅀᵹ㔉ਾ ............................................................... 26 3.2⴮ީᙝࣖᵹ ............................................................................................................. 29 ഖᆆ䱺ᖋ ............................................................................................................................................ 32 ᙱ㔉ф⹊ガኋᵑ................................................................................................................................. 34 㺞 ⴤ ᖋ 㺞 1φഖᆆ䇺ԭ᤽ḽ਀䇗㇍ᯯ⌋ .............................................................................................. 6 㺞 2φ⋠␧䙆ᄎᡆӚᮦᦤ䈪᱄ ................................................................................................ 9 㺞 3φ␧ᐸ䙆ᄎညᢎᮦᦤ䈪᱄ ................................................................................................ 9 㺞 4φ儎仇᭬ⴀਃ䖢ഖᆆ㔕䇗 .............................................................................................. 10 㺞 5φᰛ仇᭬ⴀਃ䖢ഖᆆ㔕䇗 .............................................................................................. 12 㺞 6φᰛ仇᭯䘑᭴䠅Ⲻ↙᭬ⴀਃ䖢ഖᆆ㔕䇗 ......................................................................... 14 㺞 7φ᭯䘑᭴䠅Ⲻ↙᭬ⴀਃ䖢ഖᆆ㺂ѐᐸٲѣᙝौ੄ཐグ㔕䇗 ............................................ 15 㺞 8φᰛ仇᭯䘑᭴䠅Ⲻ䍕᭬ⴀࣞ䠅ഖᆆ㔕䇗 ......................................................................... 16 㺞 9φ᭯䘑᭴䠅Ⲻ䍕᭬ⴀࣞ䠅ഖᆆ㺂ѐᐸٲѣᙝौ੄ཐグ㔕䇗 ............................................ 17 㺞 10φ儎仇᭬ⴀ⌘ࣞ⦽ഖᆆ㔕䇗 ......................................................................................... 19 㺞 11φᰛ仇᭬ⴀ⌘ࣞ⦽ഖᆆ㔕䇗 ......................................................................................... 20 㺞 12φᰛ仇᭯䘑᭬ⴀ⌘ࣞ⦽ഖᆆ㔕䇗 .................................................................................. 22 㺞 13φ᭯䘑᭬ⴀ⌘ࣞ⦽ഖᆆ㺂ѐᐸٲѣᙝौ੄ཐグ㔕䇗 ..................................................... 23 㺞 14φቴⴎᡆӚ仓খ∊ഖᆆ㔕䇗 ......................................................................................... 24 㺞 15φቴⴎᡆӚ仓খ∊ഖᆆ㺂ѐᐸٲѣᙝौ੄ཐグ㔕䇗 ....................