20230904_兴业证券_建筑材料行业研究报告:消费建材业绩加速地产政策助力需求复苏_32页.pdf
请 务必阅读 正文之 后的信 息披露 和重要声 明 i ndust r yId investSuggestion investSuggestionChange E PS 2022A 2023E 0.53 0.76 0.84 1.39 0.81 0.88 0.15 0.28 1.86 2.27 0.20 1.00 2.96 2.66 1.30 1.28 0.49 0.82 0.49 0.78 r el at ed R e port 4 2023-05-04 4 2023-04-24 2023-04-22 emailAuthor S0190518070004 S0190522100003 S0190513080002 assAuthor summary 7.2%1.5“”2023 20%2023 2023 421/-16%+1.3%2023H1 2384-5%99-53%+2023 1850 8.64%2023 398.0 15.39%26.5 31.25%2023 Q2 607/+460/2023 685.10+4.42%57.46+66.57%2023 9.84 32%2023 4070.69/23.34%2023 247.0-12.70%38.6 45.12%2023 title createTime1 2023 09 04 请 务必阅读 正文之 后的信 息披露 和重要声 明-2-1.-4-1.1 2023&.-4-1.2 2023.-6-1.3.-9-1.4 2023H1.-11-2.-12-3 Q2.-15-4.-18-5.-21-6.-24-7.-26-7.1.-26-7.2.-29-8.-31-1%.-4-2%.-4-3%.-5-4%.-5-5%.-5-6()%.-6-7.-11-8.-11-9/.-12-10%.-12-11/.-15-12%.-15-13.-15-14.-21-15.-21-16 2400tex/.-22-17 7628/.-22-18 A.-26-19 9 1.-26-20 9 1.-26-21 9 1.-27-22 9 1.-27-23 A.-29-24 A.-29-1 2023.-7-2.-9-3.-11-YWAZyRtOpMoPrPoNtOpQmN7N8QbRtRoOmOnOkPqQuNlOqQqN7NmNnQwMqNtOMYoOtM 请 务必阅读 正文之 后的信 息披露 和重要声 明-3-4.-13-5.-14-6.-14-7.-16-8.-16-9.-17-10.-18-11 2023H1.-18-12.-19-13.-19-14.-20-15.-22-16.-23-17.-23-18.-24-19.-24-20.-24-21 9 1.-27-22 2023-09-01.-30-请 务必阅读 正文之 后的信 息披露 和重要声 明-4-1 1.1 2023&2023 24.31 3.8%5.85 7.9%4.44 7.3%1-7+3.4%1-7-8.5%1)Q1 Q2 2.6 3.26-6.45%-19.66%Q2 2)4.99 24.3%3.63 24.9%3)3.39 19%2.46 18.5%72.57%0.27 1-7 20.5%79.15 6.6%55.71,6.9%70.38%0.24 4)5.95 5.3%13305.18 1.1%7 7 0.7 7358.44 23.84%24.07%6-46.09%-44.69%1%2%Wi n d Wi n d 请 务必阅读 正文之 后的信 息披露 和重要声 明-5-3%4%Wi n d Wi n d 5%Wi n d-60%-40%-20%0%20%40%60%80%051015202520132014201520162017201820192020202120222023:-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%50.00%:请 务必阅读 正文之 后的信 息披露 和重要声 明-6-1.2 2023 2023 102 7.2%1.5 10.9%7.1 20.5%9.6%2 023 1)4 2023 10%Q3 2)2023 6 30 42.17 16.55 25.62 2023 6 377999,148608 229391 376341 1658 6()%Wi n d-40.00%-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%:请 务必阅读 正文之 后的信 息披露 和重要声 明-7-1 2023 2024 5 2“”8 25“”9 1 3 8 31 20%3 0%20 1 2023 1 5 3 1 6 1 28 2 15 16 2 21 3 1 3 5 3.8 3 24 REITs 4 10 2023 2022 2023 请 务必阅读 正文之 后的信 息披露 和重要声 明-8-5 8 5 15 6 1 7 47 7 10 7 21 8 25 8 31 20%30%请 务必阅读 正文之 后的信 息披露 和重要声 明-9-1.3 2022 2023 20%2023 1)(Q5500)2023 Q2 918.49/24.34%2023 1134.08/1.77%2)(70#A)2023 Q2 4660.88/11.81%2023 4710.15/4.55%3)LNG 2023 Q2 4359.25/40.55%2023 6169.60/7.71%4)2023 Q2 2828/8.86%2023 2949.02/4.85%5)()2023 Q2 16650.26/18.08%2023 16436.46/16.63%6)22023 Q2 8034.59/21.25%2023 8476.07/8.02%7)2023 Q2 6364.06/53.9%2023 7565.63/46.3%8)2023 Q2 6479.03/18.56%2023 6721.31/12.67%9)PVC(S-1000)2023 Q2 5829.46/34.1%2023 6368.48/29.26%10)PP-R(4220)2023 Q2 8833.87/11.15%2023 8858.04/11.83%11)11)PE 2023 Q2 702.56 18.22%2023 713.24/16.48%2 2022Q2 2022Q3 2022Q4 2022 2023Q1 2023Q2/1214 1263 1435 1271 1134 918 49.74%34.13%53.83%60.7%-1.77%-24.34%/5285 5526 4984 5082 4710 4661 35.71%36.63%20.59%28.34%4.55%-11.81%/7333 6804 6821 6914 6170 4359 104.61%28.78%5.21%41.87%-7.71%-40.55%/3103 3044 3038 3069 2949 2828 6.26%-4.58%-4.28%1.32%-4.85%-8.86%/20325 17927 16004 18522 16436 16650 2.29%-8.36%-19.38%-3.31%-16.63%-18.08%/10203 9469 8335 9340 8476 8035 5.71%4.50%-4.76%5.00%-8.02%-21.25%/13806 9220 7627 11213 7566 6364 43.83%-33.62%-48.51%-6.30%-46.30%-53.90%请 务必阅读 正文之 后的信 息披露 和重要声 明-10-/8846 6599 6205 7603 6368 5829-4.24%-29.46%-40.21%-18.76%-29.26%-34.10%PP-R(4220)/9943 8952 8973 9468 8858 8833-11.00%-16.64%-12.29%-10.48%-11.83%-11.15%PE 859 768 737 803 713 703 9.58%-4.81%-15.18%-1.58%-16.48%-18.22%Wind 请 务必阅读 正文之 后的信 息披露 和重要声 明-11-1.4 2023H1 202 3 1)2023 3872.88-2.36%+15.39%+4.42%-5%-8.27%-12.70%2)2023 225.85-36.67%+66.57%-19.07%-31.25%-45.12%-52.54%7 8 Wind Wi n d 3 2 0 1 6 H 1 2 0 1 7 H 1 2 0 1 8 H 1 2 0 1 9 H 1 2 0 2 0 H 1 2 0 2 1 H 1 2 0 2 2 H 1 2 0 2 3 H 1 1311.73 1747.52 2233.65 2839.39 2820.02 3628.71 3966.40 3872.88 YOY 8.05%33.22%27.82%27.12%-0.68%28.68%9.31%-2.36%91.57 167.40 304.32 362.47 357.68 453.68 356.60 225.85 YOY 0.26%82.80%81.80%19.11%-1.32%26.84%-21.40%-36.67%26.47%27.31%31.90%30.39%29.78%27.09%22.39%19.14%PCT 2.21 0.84 4.59-1.51-0.62-2.69-4.69-3.25 7.02%9.91%14.54%14.12%13.84%13.56%9.56%5.95%PCT-0.33-1.22 4.77 5.15-1.50 0.53 0.03-5.58 52.35%54.38%51.46%49.53%47.94%44.53%49.94%50.33%PCT-2.24 2.03-2.91-1.94-1.58-3.42 5.41 0.39 Wi n d 请 务必阅读 正文之 后的信 息披露 和重要声 明-12-2 2023 421/78/-16%413/70/14%3%6 2019 7500 1)2023 1-3 4-6 6 400/393/2018 7 344/49/12%8 9 2)2023 2023 9.53 1.3%12 2.4%2400 7 1.76 1.5%9/10%Wi n d Wi n d 2023 2023H1 2384-5%99-53%请 务必阅读 正文之 后的信 息披露 和重要声 明-13-1)2023 421/16%1-3 4-6 6 400/393/2018 7 344/49/12%8 2)2023 9.53 1.3%12 2.4%2400 6 1.85 1.5%7 17618 5.7%8 3)4)4 2 0 1 6 H 1 2 0 1 7 H 1 2 0 1 8 H 1 2 0 1 9 H 1 2 0 2 0 H 1 2 0 2 1 H 1 2 0 2 2 H 1 2 0 2 3 H 1 787.07 1037.83 1334.67 1885.87 1826.68 2185.38 2505.03 2384.08 YOY 6%31%29%34%-3%20%-14%-5%742.30 932.21 1058.99 1520.37 1480.48 1850.20 2269.23 2293.81 YOY 4%26%14%44%-3%25%23%1%46.74 136.36 297.90 402.98 380.54 376.36 280.42 132.59 YOY-26%190%119%30%-6%-1%-40%-53%57.45 141.27 299.13 406.50 385.58 385.55 295.04 135.94 YOY-26%144%112%31%-5%0%-39%-54%41.56 102.42 214.76 281.13 265.57 264.77 208.94 99.15 YOY-28%145%110%28%-6%0%-35%-53%Wind 2023 16.09%4.70 4.20%4.88 9.68%0.60 ROE 2.12%2.40 请 务必阅读 正文之 后的信 息披露 和重要声 明-14-2016 20%2023 5 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 ROE 2.41%5.47%9.65%10.40%8.52%7.53%4.52%2.12%PCT-1.14 3.06 4.18 0.75-1.88-0.98-3.01-2.40 23.64%26.90%34.77%31.24%29.90%25.21%20.79%16.09%PCT 0.81 3.26 7.87-3.53-1.35-4.69-4.42-4.70 15.75%14.56%12.11%9.52%9.14%8.10%9.08%9.68%PCT-1.20-1.19-2.45-2.59-0.38-1.04 0.98 0.60 4.95%10.29%17.40%16.80%16.19%13.68%9.09%4.20%PCT-2.36 5.35 7.11-0.60-0.61-2.51-4.59-4.88 54.09%57.51%53.88%50.57%47.95%43.54%50.92%51.89%PCT-0.89 3.42-3.63-3.32-2.62-4.41 7.38 0.97 Wind 2023 2023 223 75 225%154.01 99%1.31 70%2.58 6 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 60.76-39.21 148.31 276.30 293.01 306.57 148.44 223.14 13.47-99.97 187.52 127.99 16.71 13.56-158.14 74.71/146%-38%69%98%110%116%71%225%PCT 64.06-184.47 107.34 29.22 12.05 5.45-44.74 154.01 98%102%105%104%107%103%100%99%PCT-8.78 3.27 3.52-0.63 2.63-3.76-3.01-1.31 68%84%66%67%70%70%73%70%PCT-8.38 15.76-17.78 1.22 3.02-0.52 2.94-2.58 60.76-39.21 148.31 276.30 293.01 306.57 148.44 223.14 13.47-99.97 187.52 127.99 16.71 13.56-158.14 74.71 Wind 请 务必阅读 正文之 后的信 息披露 和重要声 明-15-3 Q2 2023 1850 8.64%,Q1 1669.42 21.93%Q2 2022.78+6.57%4.69-7.60%1)2023 2023 1 1464 10.1%11/12%Wi n d 13 请 务必阅读 正文之 后的信 息披露 和重要声 明-16-2023 398.0 15.39%41.24-21.38%26.5 31.25%1)2023 Q2 2490.03/-11.36%2023Q2 333/+346/310/+268/607/+460/2)2023 4.69-7.60%7 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 181.5 266.7 310.7 262.3 230.9 349.5 343.5 398.0 YOY 21.31%49.93%13.49%-15.09%-11.97%52.54%-2.06%15.39%170.3 249.0 290.0 246.4 222.2 279.9 306.3 372.9 YOY 13.64%46.27%16.43%-15.01%-9.85%25.99%9.43%21.74%11.9 19.8 24.4 20.3 11.8 74.1 45.2 29.4 YOY 2058.30%68.38%19.51%-15.25%-41.78%531.73%-39.09%-35.40%14.1 20.9 25.3 20.3 11.6 73.8 45.4 29.6 YOY 323.24%50.03%17.56%-18.56%-42.79%541.63%-38.57%-35.30%11.4 16.6 20.6 16.7 8.5 61.1 38.1 26.5 YOY 378.38%46.87%21.48%-18.19%-49.28%626.98%-37.44%-31.25%Wi n d 2023 18.27%5.27 6.66%4.70 ROE 4.16%2.28 6.70%0.81 8 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 ROE 3.16%4.07%4.65%3.61%1.78%11.88%6.45%4.16%请 务必阅读 正文之 后的信 息披露 和重要声 明-17-PCT 2.50 0.90 0.59-1.04-1.83 10.10-5.43-2.28 23.63%20.50%20.31%21.68%23.35%34.96%23.54%18.27%PCT 4.85-3.13-0.18 1.37 1.67 11.61-11.42-5.27 16.88%12.67%12.36%11.06%12.33%8.91%7.51%6.70%PCT-1.55-4.22-0.30-1.31 1.27-3.42-1.40-0.81 6.23%6.32%6.89%6.53%3.76%17.89%11.36%6.66%PCT 4.67 0.08 0.58-0.37-2.77 14.13-6.53-4.70 54.26%50.76%52.13%48.99%48.31%43.40%46.23%50.41%PCT 0.06-3.50 1.37-3.14-0.68-4.92 2.83 4.18 Wi n d 2023 17.8-15.1 88.03%66.75%2022-0.74+5.84 9 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 32.8 38.1 28.6 29.4 26.6 74.4 32.9 17.8 17.4 5.4-9.5 0.8-2.8 47.8-41.5-15.1/286.45%229.48%139.18%176.03%314.25%121.73%86.37%67.14%PCT-370.28-56.98-90.30 36.86 138.21-192.52-35.36-19.23 108.35%104.53%98.36%98.88%100.05%91.59%88.77%88.03%PCT 3.91-3.82-6.17 0.52 1.17-8.46-2.82-0.74 66.20%69.21%70.10%66.58%65.58%49.97%60.91%66.75%PCT-3.01 3.01 0.89-3.52-1.00-15.61 10.95 5.84 Wi n d 请 务必阅读 正文之 后的信 息披露 和重要声 明-18-4 2 023 H1 2023 6 85.1 0+4.4 2%57.46+6 6.57%1 Q1 Q2 3.08%5.35%2 3 2021 2023 9.84 32%2023 4 10 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 169.04 234.59 303.27 382.15 447.70 673.71 655.03 685.10 YOY 14.42%31.44%29.27%22.94%10.33%50.41%-2.78%4.42%145.9 207.6 267.0 338.7 393.9 598.1 624.2 627.3 YOY 27.00%42.25%28.61%26.87%16.28%51.85%4.36%0.50%23.48 28.69 40.68 49.47 58.07 82.29 37.91 67.41 YOY 39.87%16.22%40.76%17.79%14.39%41.42%-53.98%77.55%24.40 28.76 40.70 31.07 57.37 82.55 38.19 67.80 YOY 31.75%11.84%41.54%-27.47%82.59%43.89%-53.78%77.22%18.97 24.58 34.73 24.02 47.51 70.69 34.45 57.46 YOY 35.08%23.15%41.30%-34.64%95.31%48.76%-51.31%66.57%Wind 11 2023H1 168.52 43.37 22.37 33.56 114.02 32.63 57.36 29.10 3.36 YOY 10.10%4.73%-10.58%3.31%8.84%-12.58%21.86%-0.49%7.11%13.34 0.61 4.94 0.13 18.96 2.89 3.11 1.64 0.43 YOY 38.07%-75.21%35.46%115.10%15.58%8.27%223.95%133.76%79.83%28.90%21.12%41.16%31.19%30.20%20.35%31.04%27.92%32.23 PCT 1.99-1.65 3.43 2.35 0.16 1.57 3.24 6.82 2.24 16.44%15.01%21.67%27.55%12.16%9.76%23.56%18.84%13.32%PCT 0.09 0.98 2.64-1.38-1.41-0.39-2.13-2.59 2.52 7.91%1.39%22.51%0.64%16.69%9.05%5.51%6.34%12.85 PCT 1.72-4.52 7.79 3.15 0.89 1.67 3.56 23.21 5.19 Wind 请 务必阅读 正文之 后的信 息披露 和重要声 明-19-12 2022 H1 2023 H1%-0.06-0.01-74%-0.31-0.18-42%-0.02-0.04 93%-0.62-0.04-93%-5.17-4.07-21%-1.00-1.55 56%0.08-0.71-991%-0.63-0.73 15%-0.50-0.51 2%-5.11-0.38-93%-0.10-0.02-83%0.07-0.31-568%-1.02-1.10 7%-0.14-0.19 34%-14.54-9.84-32%Wind 2023 28.10%2022 2.38pct 14.35%0.36pct 8.48%2022 3.26pct 2023 ROE 5.38%2.02pct 13 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 ROE 6.83%6.72%7.28%4.41%7.01%7.79%3.36%5.38%PCT 0.93-0.11 0.56-2.87 2.59 0.79-4.43 2.02 36.19%32.76%33.45%33.94%34.96%29.65%25.72%28.10%PCT 2.51-3.43 0.69 0.49 1.02-5.31-3.93 2.38 20.90%19.54%19.43%17.71%17.59%13.34%14.72%14.35%PCT 0.38-1.36-0.11-1.73-0.11-4.26 1.38-0.36 12.18%10.55%11.48%6.35%10.84%10.61%5.22%8.48%PCT 1.07-1.63 0.93-5.13 4.49-0.23-5.40 3.26 35.53%35.98%36.32%42.71%44.96%43.74%48.01%45.49%PCT-1.82 0.45 0.34 6.40 2.24-1.22 4.27-2.52 Wind 2023-4.03 75.16 请 务必阅读 正文之 后的信 息披露 和重要声 明-20-100.67%74.24%2022+1.74pct-8.48pct 14 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 10.60 5.01 2.48-1.41-21.15-37.74-79.19-4.03 2.45-5.59-2.53-3.89-19.74-16.59-41.44 75.16/55.91%20.40%7.15%-5.86%-44.52%-53.39%-229.85%-7.01%PCT-7.06-35.50-13.25-13.01-38.66-8.87-176.45 222.84 104.49%107.16%101.70%97.21%96.50%94.88%98.93%100.67%PCT 0.88 2.68-5.47-4.49-0.71-1.62 4.05 1.74 67.68%76.99%70.70%68.79%71.59%71.34%82.71%74.24%PCT-1.34 9.31-6.29-1.92 2.80-0.25 11.37-8.48 Wind 请 务必阅读 正文之 后的信 息披露 和重要声 明-21-5 2023 4070.69/23.34%Q 2 40 38.5 0/-32.9 2%33 2.57/4.12%1 2023 6 30 3951.63/4.15%2 2023 1-6 10.99%3 2023 6 5.77%4 2023 3-4 5-6 6 90.13%8.55%14 15 请 务必阅读 正文之 后的信 息披露 和重要声 明-22-16 2 400te x/17 762 8/2023 247.0-1 2.70%3 8.6 4 5.12%1 6 692/6.71%2022 34/5.17%2 2023 2 4132.44/3951.63/6 6 5 15 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 88.7 109.7 122.0 145.0 159.3 224.0 267.8 247.0 YOY 1.58%14.14%16.36%11.31%10.06%40.28%26.33%-12.70%75.3 91.7 100.1 122.3 136.4 166.8 206.8 212.5 YOY 20.48%21.75%9.21%22.18%11.52%22.30%23.99%2.76%13.4 19.1 23.1 25.0 26.1 63.0 85.6 47.1 YOY 31.29%37.47%19.99%4.12%2.95%144.32%36.17%-45.15%14.8 19.6 23.4 25.2 26.3 63.2 85.7 48.1 YOY 29.76%26.70%19.63%3.30%3.35%142.62%36.13%-44.03%12.0 16.0 19.2 21.0 21.7 52.7 70.2 38.6 YOY 28.18%28.24%19.97%5.10%2.46%144.80%33.51%-45.12%Wi n d 23 H1 2023 25.76%-7.45pct 6.51%+0.52pct 16.64%-10.37pct ROE 6.77%请 务必阅读 正文之 后的信 息披露 和重要声 明-23-7.52pct 16 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 ROE 6.53%6.50%6.94%6.50%6.06%12.98%14.30%6.77%PCT-2.49-0.02 0.44-0.44-0.44 6.91 1.32-7.52 34.37%34.90%35.50%32.87%30.74%38.55%33.21%25.76%PCT 2.61 0.53 0.59-2.63-2.13 7.81-5.34-7.45 18.38%16.82%15.72%13.02%11.30%7.69%5.99%6.51%PCT-0.48-1.56-1.10-2.70-1.72-3.61-1.69 0.52 13.78%14.83%16.02%14.59%13.67%23.90%27.01%16.64%PCT 2.42 1.05 1.20-1.44-0.91 10.22 3.11-10.37 55.21%54.63%51.21%52.69%53.80%53.00%49.87%47.25%PCT-15.95-0.58-3.42 1.48 1.11-0.80-3.13-2.62 Wi n d 2023 12.8 36.7 33.05%-37.43pct 75.25%-6.51pct 49.10%+4.81pct 17 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 21.2 18.6 22.5 18.0 21.6 46.2 49.5 12.8 6.6-2.5 3.9-4.5 3.6 24.6 3.3-36.7/176.86%116.72%117.27%85.78%99.72%87.63%70.48%33.05%PCT-9.12-60.15 0.55-31.49 13.94-12.10-17.15-37.43 100.55%86.45%85.31%72.79%76.41%74.29%81.76%75.25%PCT 9.08-14.10-1.13-12.53 3.63-2.12 7.47-6.51 55.57%44.94%44.16%39.20%43.88%34.50%44.28%49.10%PCT 5.76-10.62-0.78-4.96 4.67-9.37 9.78 4.81 Wi n d 请 务必阅读 正文之 后的信 息披露 和重要声 明-24-6 2023H 1 1 2023 38.6-8.27%2.7-19.07%2 2023 28.44%0.89 14.77%1.52 7.94%0.85 ROE 2.92%0.89pct 18 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 13.4 18.2 25.9 33.5 34.6 51.0 42.1 38.6 YOY-10.17%36.06%42.07%29.30%3.39%47.24%-17.47%-8.27%6.3 16.4 23.5 28.8 30.0 46.1 38.4 35.6 YOY-48.70%159.20%43.56%22.48%4.12%53.99%-16.70%-7.42%1.9 2.2 2.8 5.0 5.2 5.3 4.1 3.5 YOY-27.21%15.03%26.29%79.40%-0.46%6.31%-22.41%-15.63%2.1 2.3 4.1 5.0 5.2 5.5 4.3 3.5 YOY-22.67%7.31%77.94%23.89%2.80%6.90%-23.09%-18.27%1.8 1.9 3.4 4.0 4.1 4.4 3.4 2.7 YOY-21.19%6.38%78.50%19.65%2.93%6.02%-22.87%-19.07%Wi n d 19 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 ROE 5.91%4.48%6.44%7.00%6.24%5.40%3.81%2.92%PCT-1.33-1.44 1.96 0.56-0.76-0.84-1.59-0.89 36.14%30.87%29.74%37.11%35.12%26.86%27.55%28.44%PCT-6.34-5.27-1.13 7.37-1.99-8.27 0.70 0.89 18.49%19.11%18.69%17.72%15.82%11.85%13.25%14.77%PCT-5.54 0.62-0.42-0.97-1.89-3.98 1.41 1.52 13.24%10.37%13.18%12.49%12.55%9.27%8.79%7.94%PCT-1.90-2.87 2.81-0.69 0.06-3.28-0.48-0.85 15.38%31.95%30.81%38.38%38.83%41.99%41.59%38.37%PCT-22.38 16.57-1.14 7.57 0.45 3.16-0.39-3.22 Wi n d 2023 H1-0.4 1.4 101.91%71.41%9.20 10.00 20 2016H1 2017H1 2018H1 2019H1 2020H1 2021H1 2022H1 2023H1 1.5 0.04 0.3 1.3 0.1-3.5 1.0-0.4 0.1-1.5 0.3 1.0-1.2-3.6 4.5-1.4 请 务必阅读 正文之 后的信 息披露 和重要声 明-25-/85.01%2.24%9.03%32.02%3.13%-80.26%28.71%-16.30%PCT 20.98-82.77 6.79 22.98-28.89-83.38 108.97-45.01 82.57%86.66%71.71%76.57%88.90%80.93%111.12%101.91%PCT-20.90 4.09-14.95 4.86 12.33-7.98 30.19-9.20 16.84%56.66%50.05%47.25%57.31%61.75%81.41%71.41%PCT-36.07 39.82-6.62-2.80 10.06 4.44 19.66-10.00 Wi n d 请 务必阅读 正文之 后的信 息披露 和重要声 明-26-7 7.1 2023 9 1-6.10%A 0.54%300-2.48%31 23 4.08%0.51%-3.43%-3.64%-7.21%-20.09%+49.91%+44.07%+36.48%+33.46%+33.21%-59.92%A-53.59%-43.69%-39.93%-36.97%18 A 19 9 1 20 9 1 Wi n d Wi n d-6.10%-3.64%-20.09%-7.21%4.08%0.51%-3.43%-13.92%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%5.00%10.00%请 务必阅读 正文之 后的信 息披露 和重要声 明-27-21 9 1 22 9 1 Wi n d Wi n d 21 9 1 2020 2021 2022 2023 PE(TTM)PB LF PB LF PB LF 23.60%-4.56%2.95%36.48%25.43 1.08 5.33 0.73-2.32%-18.25%-27.40%2.14%11.38 0.77 15.29 0.69 12.03%-19.41%-0.98%12.89%17.62 0.98 9.09 0.75-18.20%-1.24%-18.84%-4.83%12.22 1.02 10.45 0.80-2.82%5.56%-26.15