识别风险，发现价值 请务必阅读末页的免责声明 1/34 T ab l e _ P ag e 行业专题研究|交通运输 2024 年1 月24 日 证券研究报告 Table_Title Table_Author SAC S0260523120004 SAC S0260517080007 SFC CE.no:BOS186 SAC S0260523120008 0755-82984511 021-38003678 0755-82534236 SAC S0260523120003 SAC S0260523120011 0755-88285816,Table_Summary 20 30%+30-50%20 g WACC g 1.2.识别风险，发现价值 请务必阅读末页的免责声明 2/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输.5.5.5.7.7.8.8.9.10.13.15.16.16.18.18.20.22.25.27.27.28.30.32 1ZEVvMmRnOnMrPtQqNqPnM8ObP6MsQmMoMqMlOoOoPiNsQsP6MnNzRvPrNoRxNsRpN 识别风险，发现价值 请务必阅读末页的免责声明 3/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 1.9 2 2020.9 3.10 4.17 5 2023.20 6 2023.20 7 VLCC 20-30.20 8 VLCC 3.20 9 VLCC.20 10 2030.20 11 VLCC/Aframax/Suezmax CII 2023 34.73%VLCC.21 12 20.21 13 2021-2023 VLCC TCE.22 14 1H2023 8254 20.6%.22 15 35.1%.23 16 21.9%.23 17.23 18 ACTK.24 19.24 20 2023 12/.24 21 2023 2019.24 22 2023.25 23.25 24.25 25.26 26.26 27 2002.29 28 2002.29 29 2002.29 30 2002.30 31 2002.30 1.5 2.6 3.7 识别风险，发现价值 请务必阅读末页的免责声明 4/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 4.8 5.10 6.11 7.12 8.13 9.14 10.14 11.14 12.15 13.15 14.16 15.16 16.16 17.19 18 A.28 19.30 20.31 识别风险，发现价值 请务必阅读末页的免责声明 5/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 20 30%+30-50%1 2000 2017 19.62%18.52%258.63%13.67%57.72%53.87%36.33%-2001 21.71%14.92%15.79%41.68%32.97%47.83%51.34%0.00%2002 0.89%-39.04%-24.60%31.08%49.69%26.65%2003 0.00%14.20%37.32%0.00%32.01%30.06%54.82%1.07%2004 2.96%6.38%52.46%19.90%36.29%40.29%57.94%0.32%2005 0.00%11.96%-30.63%32.73%35.69%61.83%0.43%2006 166.80%22.82%92.46%29.02%39.74%35.96%53.43%84.70%2007 12.02%16.27%-14.53%23.07%33.13%45.89%56.89%2008 0.00%23.92%124.73%12.84%19.77%29.17%46.86%57.09%2009 0.00%-20.12%3.32%11.97%22.41%28.07%43.06%53.67%2010 6.55%13.19%11.55%2.10%14.25%21.75%28.99%38.74%47.29%2011 18.88%-9.76%2.24%17.41%52.48%39.10%36.70%47.80%2012 13.61%-17.73%4.87%16.73%38.25%34.43%43.55%47.68%2013 9.07%-16.66%6.75%15.62%32.02%29.89%35.94%48.36%2014 15.00%5.19%33.35%4.32%13.65%30.65%29.59%36.46%58.68%2015 12.96%-18.15%5.51%12.90%30.24%35.76%36.66%35.67%2016 25.51%-39.33%6.27%11.47%35.80%35.95%36.78%26.35%2017 21.00%16.84%9.53%23.65%5.13%12.07%33.41%30.70%41.34%31.49%2018 26.38%18.91%18.99%29.82%27.68%21.41%33.05%38.45%41.12%28.93%2019 20.04%11.75%19.09%34.34%27.05%17.95%29.99%34.32%40.21%37.46%2020 20.30%-15.09%35.59%23.67%26.47%-39.02%57.74%61.02%2021 21.74%0.00%19.36%31.01%34.75%31.98%-35.53%44.94%57.49%2022 17.78%0.00%46.52%36.26%31.62%28.92%-28.92%49.36%84.27%Wind 2022 识别风险，发现价值 请务必阅读末页的免责声明 6/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输+2 2000 2017 1.13%1.15%0.63%-1.71%0.84%-2001 0.55%1.36%1.26%0.35%2.81%0.75%1.14%4.34%2002 0.57%1.85%0.62%1.02%1.87%1.98%1.24%-2003 0.39%1.42%2.28%0.58%1.50%1.21%1.42%1.10%2004-1.83%3.68%-0.98%2.56%2.44%0.95%2005 0.83%4.15%5.18%0.53%1.66%5.19%2.65%0.28%2006-2.76%3.28%0.48%1.58%3.46%3.27%0.37%2007 0.18%0.71%1.00%0.25%0.64%0.90%1.40%1.10%2008 1.67%3.09%2.11%1.00%1.52%2.51%3.99%3.48%2009-2.01%1.12%0.36%0.56%1.67%2.25%2.57%2010-0.85%1.66%0.63%0.51%0.98%2.13%2.35%2.93%2011 1.67%1.96%1.38%0.95%0.70%1.52%2.65%3.57%4.37%2012 2.80%1.25%1.28%1.13%1.07%3.92%3.29%3.87%5.10%2013 1.89%0.90%1.81%0.54%0.75%2.66%2.40%3.98%4.81%2014 0.65%0.68%2.09%0.54%0.37%1.76%1.44%2.47%3.72%2015 0.72%0.25%0.83%0.46%0.34%1.24%1.42%2.24%4.47%2016 1.03%0.97%1.08%0.54%0.29%1.56%1.95%2.48%5.01%2017 0.31%0.89%1.97%2.71%1.05%0.34%1.30%1.54%2.79%2.35%2018 0.78%1.21%1.19%2.84%1.41%1.12%1.51%2.46%3.65%5.05%2019 1.00%0.82%1.02%4.21%2.29%0.60%1.01%2.24%3.71%5.19%2020 0.47%0.67%1.50%4.84%1.87%0.49%1.07%2.34%4.42%2.59%2021 0.49%0.54%2.04%3.83%2.19%0.70%0.45%2.56%3.64%2.62%2022 0.39%-16.36%4.39%3.92%1.27%0.49%2.74%4.87%2.64%Wind 识别风险，发现价值 请务必阅读末页的免责声明 7/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 2024 wind 30%3 30%50%Beta 2020 2021 2022 2020 2021 2022 2023E 2024E 2023E 2024E 2010 2015 2020 600035.SH-49%128%-2%35%30%31%3.87%4.16%6.45%6.94%0.86 0.88 0.53 65%600548.SH-20%27%-23%46%52%50%3.45%3.96%5.74%6.60%0.70 0.69 0.40 37%600269.SH-53%69%-22%89%31%34%3.60%3.89%6.00%6.48%0.82 0.86 0.46 67%600018.SH-8%77%17%36%30%19%3.56%3.88%5.93%6.47%0.79 0.81 0.64 23%601298.SH 1%4%14%44%42%39%3.43%3.83%5.72%6.39%0.64 0.64 0.54 24%601107.SH-38%177%-59%36%18%40%3.09%3.62%5.15%6.04%0.88 0.90 0.48 61%601006.SH-21%13%-8%65%59%65%3.29%3.33%5.48%5.56%0.68 0.69 0.31 59%600350.SH-27%34%-6%90%63%68%2.85%3.08%4.75%5.14%0.79 0.84 0.34 61%001872.SZ-28%30%24%35%31%34%2.76%2.95%4.59%4.92%0.72 0.60 0.61 20%600012.SH-21%74%-5%42%60%63%2.68%2.95%4.46%4.92%0.82 0.89 0.46 63%001965.SZ-49%124%-2%49%43%53%2.68%2.93%4.47%4.88%0.57 0.57 0.45 50%000507.SZ 18%77%-34%21%24%21%2.64%2.92%4.41%4.87%0.97 0.93 0.56 15%601000.SH 4%13%-19%64%57%70%2.73%2.90%4.56%4.83%0.80 0.79 0.49 46%000429.SZ A-41%96%-25%70%70%70%2.64%2.84%4.40%4.74%0.60 0.55 0.32 51%600897.SH-67%-17%-80%30%30%-2.13%2.79%3.55%4.65%0.83 0.86 0.57 53%000582.SZ 9%-5%2%28%32%30%2.51%2.78%4.18%4.63%0.91 0.92 0.65 32%600377.SH-41%74%-13%94%55%62%2.45%2.72%4.09%4.53%0.56 0.57 0.22 66%600004.SH-123%-62%-164%-40%0%0%0.69%2.08%1.15%3.47%0.97 1.07 0.87 38%601333.SH-175%-74%-105%0%0%0%1.86%2.10%3.09%3.50%0.87 0.94 0.59 73%600125.SH-12%-16%0%33%31%31%1.85%2.09%3.08%3.48%1.02 1.03 0.65 41%601018.SH 5%24%-3%38%33%40%2.08%2.09%3.47%3.48%0.68 0.71 0.59 35%601816.SH-71%49%-112%50%50%-97%1.50%1.75%2.49%2.91%0.63 0.63 0.63 26%600009.SH-125%-25%-90%0%0%0%0.37%1.49%0.62%2.48%0.88 0.92 0.88 26%000089.SZ-95%-223%-3218%0%-179%0%0.59%1.03%0.99%1.72%0.90 0.96 0.76 28%00152.HK-20%-11%-65%7%8%49%4.34%5.59%7.23%9.31%0.78 0.75 0.62 65%Wind iFinD 识别风险，发现价值 请务必阅读末页的免责声明 8/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 2010 2023 4 2023%3%1%600035.SH 0.024 22.20 1.27 1.01 600548.SH 0.028 10.73-5.21-1.04 600269.SH 0.079 28.83 1.19 2.91 600018.SH 0.212-1.94-0.97 1.39 601298.SH 0.095 20.39 1.89 5.19 601107.SH-0.063 21.68 9.73 3.68 601006.SH-0.085 17.94 1.10 1.52 600350.SH-0.248 38.19 3.49 9.45 001872.SZ 0.558 14.46 0.38 0.44 600012.SH 0.053 67.91 4.59 9.01 001965.SZ 0.075 34.23 3.52 1.42 000507.SZ 0.400-2.66-2.18-2.53 601000.SH-0.345 46.82 3.25 4.67 000429.SZ A-0.047 19.45 5.25 9.84 600897.SH 0.217 6.69-2.38-2.68 000582.SZ 0.239 6.47-2.03 2.53 600377.SH-0.281 41.10 6.26 8.34 600004.SH 0.479-38.57-17.68-16.41 601333.SH 0.327 19.82-5.88 3.03 600125.SH 0.339 14.58-0.32-0.96 601018.SH 0.249 3.19 4.35-0.28 601816.SH 0.579-3.08-7.21-5.74 600009.SH 1.040-45.50-17.00-12.35 000089.SZ 0.301-18.96-6.32-6.46 Wind-识别风险，发现价值 请务必阅读末页的免责声明 9/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输%1 2 2020 Wind Wind CAPM 1.2.3.-0.50.00.51.01.52.02.53.03.52004Q42005Q32006Q22007Q12007Q42008Q32009Q22010Q12010Q42011Q32012Q22013Q12013Q42014Q32015Q22016Q12016Q42017Q32018Q22019Q12019Q42020Q32021Q22022Q12022Q42023Q3 23456200220042006200820102012201420162018202020222024:10 识别风险，发现价值 请务必阅读末页的免责声明 10/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 3 Wind 20 5 2021-2016 1 1/22+/识别风险，发现价值 请务必阅读末页的免责声明 11/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 2023 5 2023()()6/&1 9 2 10-19 3 39 4 40/1 2 6000+4500kg 2 2 6000 4500kg 3-6 3-6&识别风险，发现价值 请务必阅读末页的免责声明 12/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 7 1996.09-2032.06 2022 11 1.2026 6 2.2007.09-2032.09 2007.09-2032.09 1999.09-2029.09 1999.09-2029.09 2003.09-2028.09 2006.10-2031.10 2018.09-2043.09 2002.12-2032.12 2004.08-2034.08 1999.09-2029.09 2016.12-2041.12 2020.12-2045.12 2021.01-2046.01 2021.06-2046.06 2022.3.3 1 2026 2 2025 3 2024 2027 4 2016.10-2036.03 2019.11-2044.06 1999.12-2030.05-2029.08-2027.08-2027.08 2022.02-2047.02 2021.04-2046.04-2027.08 2007.12-2037.12 2014.09-2039.09 2022 2022 识别风险，发现价值 请务必阅读末页的免责声明 13/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 8 2002.01-2030.09 2011.01-2040.12 2013.04-2042.06 2008.08-2037.10 2008.11-2037.09 2008.03-2038.06 1999.09-2029.09 2010.09-2040.12 2007.03-2037.06 2013.12-2044.03 2014.01-2027.04 2006.12-2036.12 2021.07-2046.06 1996.08-2026.08 310 311 20 21 101 2022 PPP 2024 205 1997.1-2026.12 1999.10-2029.09 1999.01-2028.12 2004.07-2029.07 2006.12-2032.06 2003.01-2032.06 2017.12-2047.12 2013.09-2043.09 2015.12-2045.12 2004.12-2033.12 2015.12-2045.12 2022 2022 识别风险，发现价值 请务必阅读末页的免责声明 14/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 9 10 625 143 129 50 7 235 80 200 25 36 40 T 2023,11 82 77 10 32 15 15 20 4 30 1 3.55 870 75 47 6 28 100 200 RCEP 2023 1 9-10#401 7-10 5-6#8 41t 2023 识别风险，发现价值 请务必阅读末页的免责声明 15/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 12 500 47 18 2 7 9 9 500 24 11 1-4#2 20 8 15 36 TCP 4 CICT HIPG 12 2 15 4 20 15 2023 13/12306 识别风险，发现价值 请务必阅读末页的免责声明 16/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 14 3149 2019 2014 2016 2023 15 2023 16 T3 T4 1 3400 2 10 B747 8 80 96 2023 10 31 识别风险，发现价值 请务必阅读末页的免责声明 17/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 53 10.58 4 识别风险，发现价值 请务必阅读末页的免责声明 18/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 g WACC g 2024 wind 30%50%识别风险，发现价值 请务必阅读末页的免责声明 19/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 17 Wind A 300 2020 2021 2022 2020 2021 2022 2023 30%2024 30%2023 50%2024 50%2010 2015 2020 600153.SH-4%35%3%32%30%38%11.50%7.24%19.17%12.07%0.8781 0.7606 0.7345 55%000906.SZ 4%48%22%36%34%34%5.70%6.87%9.50%11.45%1.0235 1.1017 0.7177 34%600704.SH 0%45%-2%37%21%20%5.43%6.57%9.06%10.95%1.0512 1.069 0.7182 26%600755.SH 13%31%5%34%32%40%5.21%6.31%8.69%10.52%1.1519 1.1773 0.7358 31%600057.SH 18%66%22%50%51%52%3.43%5.01%5.71%8.35%0.9258 0.9826 0.4797 35%601975.SH 58%-79%384%0%0%0%3.71%4.59%6.18%7.65%0.8691 0.8691 0.7125 48%600428.SH 24%139%173%34%36%42%3.52%4.43%5.86%7.38%1.041 0.9027 0.7417 49%601872.SH 72%30%41%30%25%30%3.33%4.39%5.55%7.32%0.9621 0.949 0.5675 32%002120.SZ-47%5%0%10%10%10%2.78%3.92%4.63%6.53%0.986 1.0448 0.5834 35%601919.SH 47%800%23%0%16%50%5.47%3.84%9.11%6.40%1.0834 1.097 0.9094 40%603565.SH 19%136%14%59%60%74%3.05%3.72%5.08%6.20%0.6053 0.6053 0.6053 14%601156.SH 201%53%0%0%30%15%2.98%3.67%4.96%6.12%0.4807 0.4807 0.4807 31%600180.SH-62%422%-44%30%23%30%2.69%3.54%4.48%5.90%0.9747 1.0947 0.6295 64%600026.SH 450%-310%129%40%0%49%2.61%3.48%4.36%5.80%0.9702 0.8098 0.5196 44%600233.SH 6%19%86%27%25%22%2.88%3.43%4.81%5.72%0.9849 1.0308 0.7799 13%601866.SH 22%186%-36%30%50%30%2.03%3.42%3.39%5.70%1.0696 0.9902 0.751 34%601598.SH/-2%35%10%32%36%36%3.09%3.29%5.14%5.48%0.7134 0.7134 0.666 16%001228.SZ 17%126%76%0%0%21%2.27%3.02%3.78%5.03%0.2899 0.2899 0.2899 21%603885.SH-148%-5%-734%-41%0%0%1.32%3.01%2.19%5.02%0.9339 0.9339 0.8146 34%603871.SH 5%-5%99%61%46%37%2.38%2.98%3.96%4.97%0.5981 0.5981 0.5707 21%603713.SH 47%50%40%15%15%15%2.26%2.96%3.77%4.93%0.8789 0.8789 0.9036 22%603128.SH/51%58%6%60%35%50%2.43%2.92%4.05%4.87%1.0958 1.097 1.125 24%001205.SZ 85%16%30%0%12%10%2.12%2.91%3.53%4.85%0.6506 0.6506 0.6506 25%Wind 识别风险，发现价值 请务必阅读末页的免责声明 20/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 5 2023 6 2023 Wind Wind VLCC 20-30 VLCC 3 7 VLCC 20-30 8 VLCC 3 9 VLCC 10 2030 Bloomberg 0.00.51.01.52.02.53.03.5-40,000-20,000020,00040,00060,00080,000100,000120,0002022/1/42022/3/42022/5/42022/7/42022/9/42022/11/42023/1/42023/3/42023/5/42023/7/42023/9/42023/11/4 A PBVLCC TD3C-TECVLCC TD3C-TEC A PB05101520253004-May-2023 04-Aug-2023 04-Nov-2023(600026):PE(TTM)(601975):PE(TTM)2.66010203040506019961998200020022004200620082010201220142016201820202022VLCC Orderbook%Fleet020406080100120140197019731976197919821985198819911994199720002003200620092012201520182021VLCC Deliveries76,395 80,426 85,890 82,639 86,880 92,856 87,635 92,249 98,659 92,675 97,620 104,463 70,00080,00090,000100,000110,000IRR 6.5%IRR 8%IRR 10%10 10 10 VLCC-128m VLCC-140m VLCC-150m VLCC-160m 识别风险，发现价值 请务必阅读末页的免责声明 21/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 2023 11 2023-2025 Wind 53 69 78 5 7 8/91%94%97%3%2024 2025 4.9%2.4%CII 11 VLCC/Aframax/Suezmax CII 2023 34.73%VLCC 12 20 5924795543383202053154281063223734880%10%20%30%40%50%60%70%80%90%100%2023 2026 2023 2026 2023 2026VLCC Suezmax AframaxA-C D-E050100150200250300350VLCC Aframax Suezmax0-4 5-9 10-14 15-19 20-24 25 识别风险，发现价值 请务必阅读末页的免责声明 22/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 13 2021-2023 VLCC TCE IMO 1H2023 8254 20.6%2022 10%14 1H2023 8254 20.6%-50,000050,000100,000150,000200,000250,000300,0002008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202361167981108501391815321825444414922537053195278277105000100001500020000250002018 2019 2020 2021 2022 1H2023 2022 2 2020 3 2014 IMO 2020 2019-2020 2019 9 26 6 VLCC TD3C 30/识别风险，发现价值 请务必阅读末页的免责声明 23/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 15 35.1%16 21.9%USPS UniUni 17 35.10%9.20%6.10%4.50%45.10%21.90%17.40%9.40%8.20%43.10%识别风险，发现价值 请务必阅读末页的免责声明 24/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 18 ACTK 19 IATA IATA 20 2023 12/:()=/2019 21 2023 2019 iFinD 50.80%30%35%40%45%50%55%60%65%70%2016-012017-012018-012019-012020-012021-012022-012023-01 0510152025302016-012016-052016-092017-012017-052017-092018-012018-052018-092019-012019-052019-092020-012020-052020-092021-012021-052021-092022-012022-052022-092023-012023-052023-09 ACTK 识别风险，发现价值 请务必阅读末页的免责声明 25/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 2023 Temu Shein GMV 2023 12 15 22 2023 23 TAC Index Wind 24 01,0002,0003,0004,0005,0006,0002009-102010-102011-102012-102013-102014-102015-102016-102017-102018-102019-102020-102021-102022-102023-10:识别风险，发现价值 请务必阅读末页的免责声明 26/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 25 26 Wind Bloomberg 0%10%20%30%40%50%60%70%01,0002,0003,0004,0005,0006,0007,0002014201520162017201820192020202120222023%0%10%20%30%40%05001,0001,5002,0002,5003,0003,5002024E2025E2026E2027E2028E2029E2030E%识别风险，发现价值 请务必阅读末页的免责声明 27/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 2010 2008-2009 3-5%2010 2022 2017-2018 2013-2014 2014 识别风险，发现价值 请务必阅读末页的免责声明 28/34 T ab l e _ P ag eT e x t 行业专 题研 究|交通 运输 18 A%2000-12-29 24.89-29.48-23.37-33.19-41.89-7.63-13.42 323.54-1.31 1.56 2001-12-31 15.90-6.64 25.69 1.26 11.05 4.35 1.40-32.38 24.63 25.23 2002-12-31 23.19 9.04 26.05 41.25 20.73 14.98 14.99 10.48 32.36 6.01 2003-12-31 19.54-16.76-40.97 5.19 28.00 13.91 65.59-20.80 4.29 46.14 2004-12-31 18.91 39.63-15.42 3.99 49.56 21.43 25.72 35.35-3.29 36.68 2005-12-30 4.71 2.39-11.07-11.74 9.29-36.28-5.30 38.52 16.61-2.62 2006-12-29-49.58 13.92-78.22 6.48-55.75-37.96-44.93-72.39-63.85-33.24 2007-12-28 49.73-51.89-10.25 84.09-48.36 319.48-17.05 25.42-11.69-97.23 2008-12-31-4.83-3.07 11.17 2.44-0.77-19.65-14.83-2.78 8.13 0.30 2009-12-31-32.78 38.87 61.93 39.68-56.77-6.92-29.79-68.43-46.05-31.67 2010-12-31 5.12 7.39-10.20-7.03-15.00 45.68-15.73-8.00-4.12-13.66 2011-12-30-4.29 17.02-11.38 14.05 13.10-26.26-20.10 22.88-2.82-4.69 2012-12-31-5.49-6.19-17.49 3.68 2.83-11.43-8.93-11.09-4.27 3.27 2013-12-31 15.22 32.42 162.25 27.14 10.25-28.41-13.52 5.36-1.97 59.04 2014-12-31 23.02 32.03-42.33 15.19-6.14 39.32 58.18 4.54 23.98 14.19 2015-12-31 26.23-1.50 75.03 15.67 5.99 68.13 10.42-45.66 7.53-13.21 2016-12-30 6.34 2.73-5.42-11.27 6.71-4.97-22.15 2.31 7.65-7.06 2017-12-29 16.63 3.35 1.44-23.31-1.18 52.03 38.44 8.61 21.76 2.23 22.48 2018-12-28 4.49 7.71 31.90-5.18-1.34 32.34-8.11-4.29 16.37 10.68-1.22 2019-12-31-10.46-10.97-17.24-36.45-11.87 22.32-12.66 15.38-29.47-16.43-20.78 2020-12-31-1.37 75.71 79.80 12.46-20.55-32.09-35.23 31.58-40.91-30.89-29.53 2021-12-31 7.72-14.34 10.34 1.26 25.85-35.88 12.56 58.93-9.99 5.47-1.99 2022-12-31 23.84 14.38 9.38 11.88 44.03 39.35 28.58 2