航空行业2020年中报综述.pdf

2009 1210 2020 Q2 1 398.2 342.5 38.5 740.7 2 6 + + + 1039 51.6% 6 272 83 262 68 3 -20% 94 82 85 4.1 6.8 823 72.9 4 0.5 1.3% 0.34 17% 0.33 0.50 0.64 9% 6.3% 5.9% 0.24 0.34 0.41 27% 15% 15% 5 77 6 H1 1098 36% 215 61% 3 883 24% 56% 0.23 0.31 14% 30% 1 8 8 Q1-4 -54% -55% -29% -10% 37% 31% 85% 2 3 2020 2021 2021 2019 200 + EPS PE 2020E 2021E 2022E 2020E 2021E 2022E PB 13.67 0.59 0.77 1.04 23.17 17.75 13.14 5.38 47.17 -0.71 1.99 2.49 -66.44 23.7 18.94 2.87 7.25 -0.85 0.4 0.55 -8.53 18.13 13.18 1.13 Wind 2020 09 03 021-20572539 wuyifanhcyjs S0360516090002 021-20572552 liuyanghcyjs S0360518050001 % ( ) 8 0.2 ( ) 3,869.55 0.47 ( ) 2,687.16 0.44 % 1M 6M 12M 10.72 4.08 -5.49 8.12 -14.29 -30.67 2020 5 5 2020-06-15 2020 6 6 80% 2020-07-18 7 34% 80% 2020-08-16 -23% -7% 9% 25% 19/09 19/11 20/01 20/03 20/05 20/07 2019-09-04 2020-09-03 300 2020 09 04