充电桩：新基建，新周期.pdf

| 2020 03 12 2020 2020 2020 100 80% 19 wind 2018 0.71 / 2019 1.80 / 29% Chargepoint EVBox 2025 250 /100 2019 10.4/8.5 2025 2021 340 + 50KW 0.5 7% 12% -0.05 0.93 S0680518030001 wanglei1gszq S0680518030005 mengxingyagszq S0680520030001 wuxingyugszq 1 2020-03-10 2 2 2020-03-08 3 Roadrunner 2020-03-01 EPS P E 2018A 2019E 2020E 2021E 2018A 2019E 2020E 2021E 300001 0.18 0.39 0.68 0.99 133.50 61.62 35.34 24.27 600406 0.90 0.93 1.16 1.37 23.77 23.00 18.44 15.61 -32% -16% 0% 16% 2019-03 2019-07 2019-11 2020-03 300 2020 03 12 P.2 .4 1.1 2020 .4 1.2 .4 1.3 .5 .6 .7 3.1 .7 3.1.1 2019 .7 3.1.2 .8 3.1.3 .9 3.2 .9 3.2.1 .9 3.2.2 . 10 . 11 4.1 2025 . 11 4.2 . 12 . 13 5.1 1:1 . 13 5.2 . 15 5.3 . 16 . 19 . 20 1 .5 2 .6 3 .6 4 2019 .7 5 2019 .7 6 .8 7 / .8 8 / .8 9 2019 10 .8 10 2019 10 .8 11 2019 10 .9 12 2019 10 .9 13 2019 10 .9 14 2018 . 10 15 2018 . 10 16 2018 . 10 17 2018 . 10 18 . 11 19 2025 . 12 2020 03 12 P.3 20 2021 340 . 13 21 . 14 22 - . 14 23 - . 15 24 /kwh . 15 25 2018 10kv /kwh . 16 26 . 17 27 . 17 28 - . 18 29 - . 18 30 - IRR . 18 31 IRR . 18 32 . 19 2020 03 12 P.4 1.1 2020 2020 1 3 2 14 2 21 5G 2 23 3 4 5G 1.2 2018 2019 5G 5G IPv6 6 5G 2020 03 12 P.5 1 7 CCTV 1.3 3.4 3.6 2020