Table_MainInfo Table_Title / Table_Summary 20182953.03 16.43% 544.5631.87% 20187.40% 67.72%2018 20171076.33 31.47% 368.6340.85% 201820182018 2064.2 1.2%2018 7260.38 1.61% 23.50 13.24%2018CR5 20%Table_CompanyFinance EPS PE 2017A 2018E 2019E 2017A 2018E 2019E 14.60 0.63 0.78 0.98 23.17 18.72 14.90 39.40 1.22 1.53 1.95 32.30 25.75 20.21 35.43 0.94 1.26 1.68 37.69 28.12 21.09 49.77 1.33 1.37 1.81 37.42 36.33 27.50 Table_Invest Table_PicQuote -16%-5%6%17%28%39%2017/92017/102017/112017/122018/12018/22018/32018/42018/52018/62018/72018/8Table_Trend % 1M 3M 12M -7.15% -21.51% 8.28% -4.44% -7.07% 22.70% Table_IndustryMarket 95 24544 21970 27.11 4.72 5490 810 % 34.67 Table_Report 2018-07-23 2018-07-20 2018-07-01 Table_Author S0550515060001 (021)20361174 liqiangnesc S0550116110059 (021)20361174 qi_huannesc S0550118060011 (021)20363239 maxwnesc / 2018-09-10 2 / 16Table_PageTop 1. . 4 1.1. .4 1.2. .5 1.3. .5 2. . 7 2.1. .7 2.2. .8 3. . 9 3.1. .10 3.2. .10 4. . 12 5. . 12 6. . 13 3 / 16Table_PageTop 1 . 4 2 . 4 3 . 5 4 . 6 5 . 6 6 . 6 7 . 6 8 2018 31.47% . 7 9 2018 40.85% . 7 10 . 9 11 . 9 12 . 10 13 2018 . 10 14 2008 .11 15 2008 .11 16 2018H1 .11 17 2018H1 .11 1 2018 H1 . 2 . 7 3 2018 . 8 4 2018 . 9 5 . 10 6 2018 .11 7 2017 2018H1 . 13 8 2017 2018H1 . 14 9 2017 2018H1 . 14 4 / 16Table_PageTop 1. 1.1. 2018 2953.0316.43% 544.56 31.87% 2018 Q1A 1 Wind 2 Wind 201820% 1057.76 31.29%104.82 20.82%5 / 16Table_PageTop 147.28 584.55 400.47 44.07 14.56%13.07% 12.07% 4.53%3.66% 2.37% 1.61% -2.34% 2018 40.35%34.11% 31.03% 22.03% 21.72%0.0035% 68.59% 1.2. 2018 4.67% 12.66% 30011.25% 201827.19% 6.41% 4.79% 3.33%10.21% 13.97% 3 Wind 20182018*ST*ST 1 2018 H1 6 / 16Table_PageTop Wind 1.3. 2018 7.40%6 7.72%2018Q2 5.17% 2012Q36.49% 4 5 wind wind 202018Q2 2018Q11.63% 1.96% 6 7 wind wind 7 / 16Table_PageTop 2 2018/6/30 2018/3/31 2017/12/31 2017/9/30 2017/6/30 1 1.98 2.23 2.69 1.97 1.89 2 1.96 1.63 1.68 1.26 1.22 3 1.26 1.19 1.68 1.23 1.03 4 1.24 1.15 1.57 1.06 1.01 5 1.22 1.14 1.22 1.02 0.93 6 1.01 1.14 1.15 0.86 0.85 7 1.00 0.90 1.12 0.80 0.72 8 0.90 0.78 0.86 0.62 0.60 9 0.71 0.58 0.75 0.61 0.51 10 0.65 0.56 0.70 0.61 0.50 11 0.56 0.53 0.60 0.49 0.49 12 0.48 0.53 0.55 0.48 0.44 13 0.46 0.52 0.52 0.48 0.42 14 0.43 0.51 0.51 0.45 0.42 15 0.43 0.49 0.51 0.45 0.41 16 0.42 0.48 0.50 0.42 0.38 17 0.40 0.47 0.48 0.40 0.38 18 0.39 0.45 0.47 0.40 0.38 19 0.39 0.43 0.42 0.39 0.37 20 0.37 0.42 0.40 0.38 0.36 Wind 2. 2.1. 2018 2017 1076.3331.47% 368.63 40.85% 8 2018 31.47% 9 2018 40.85% wind wind 8 / 16Table_PageTop 2018Q2 2018H1 2018Q2 +41% +36% >+24% +15% +190% 58%+45% > +44% 2018H1 +118% +41%+37% > +10% +58% +55%+45% > +15% 2018 Q2 190%30%+ 3 2018 18Q1 18Q2 18H1 18Q1 18Q2 18H1 31% 46% 38% 39% 42% 40% 37% 38% 37% 38% 55% 44% 26% 25% 25% 52% 34% 35% 33% 41% 36% 40% 44% 41% 88% 33% 59% 68% 404% 134% 46% 37% 41% 69% 15% 42% 22% 10% 16% 103% 336% 189% 52% 24% 38% 76% 190% 118% 21% 28% 24% 37% 43% 39% 31% 31% 31% 32% 32% 32% 18% 49% 30% 43% 111% 60% 26% 27% 26% 27% 32% 28% 49% 45% 47% 52% 67% 57% 6% 75% 32% 81% 1059% 208% 27% 36% 30% 33% 45% 37% 12% 9% 11% 12% 42% 16% -12% 7% -4% 17% 14% 18% 5% 19% 10% 7% 29% 11% 9% 36% 20% 8% 94% 35% 5% 3% 4% -15% -101% -18% 6% 15% 10% 1% 58% 15% wind 2.2. 2018H1 9 70% 30%2017 5 2018H1 69 / 16Table_PageTop 4 2018 Yoy Yoy Yoy 64.2033 25.49% 20.3575 34.88% 10.9421 34.38% 74.91% 9.26% 31.71% 7.48% 47.8308 30.32% 9.1544 60.01% 8.0322 9.22% 78.20% 4.10% 19.14% 22.78% 5.2353 41.26% 1.1447 41.60% 0.9108 -17.81% 78.35% 1.83% 21.87% 0.25% 214.2118 37.13% 74.6389 43.82% 44.1898 -19.82% 72.84% 1.66% 34.84% 4.88% 145.4258 26.12% 50.0546 28.34% 20.5782 40.69% 71.50% 19.37% 34.42% 1.76% 6.9855 4.37% 0.8535 -17.92% 0.2276 11.90% 66.34% 0.85% 12.22% -21.36% 9.9735 20.38% 2.1842 35.17% 1.5282 36.94% 48.27% -0.65% 21.90% 12.29% 5.4923 -4.20% 0.0657 17.95% 0.9564 -45.44% 49.03% -4.53% 1.20% 22.99% 352.5146 38.27% 169.2135 40.49% 99.4032 -44.09% 90.94% 1.48% 50.67% 1.76% 14.5858 31.78% 1.4626 207.98% 6.3265 -5.69% 62.64% 1.68% 10.03% 133.73% 10.1821 15.83% 1.8004 188.80% 1.3198 -9.29% 69.42% -5.59% 17.68% 149.36% 13.3618 58.97% 2.6745 133.58% 0.3265 -52.55% 81.14% 3.99% 20.02% 46.93% 50.4177 47.38% 10.1017 57.39% 8.2008 120.80% 69.65% -2.01% 20.04% 6.79% 17.3305 10.81% 3.8222 16.00% 2.9895 18.20% 61.02% -0.01% 22.06% 4.69% 23.6227 30.97% 8.5635 31.91% 2.3734 30.56% 71.93% 1.77% 36.29% 0.82% 21.5916 23.67% 7.3332 39.45% 5.8559 30.00% 74.39% 3.47% 33.96% 12.76% 7.9399 10.31% 1.5762 11.15% 1.5957 30.72% 62.95% -0.32% 19.85% 0.76% wind 2017201810 11 wind wind 3. 10 / 16Table_PageTop 3.1. 2018 2064.2 1.2%2012 2014 2016 20185-7 5.09% 1.85% -3.20% -0.80%12 13 2018 Wind Wind 5 2012 2014 2016 2018 -5 10.93% 3.51% -5.20% 1.50% 6 3.58% 3.28% -3.60% -2.30% 7 0.77% -1.23% -0.80% -1.60% 5-7 5.09% 1.85% -3.20% -0.80% 3.06% -0.96% -4.40% - Wind 3.2. 2018 7 260.38 1.61%23.50 13.24%