20230510_中泰证券_煤炭行业证券研究报告：消费旺季将至煤价有望上攻_33页.pdf

消费旺季将至，煤 价 有 望 上 攻 煤炭中期策略 煤炭 证券研究报告/投 资 策 略 报 告 2023 年 5 月 10 日 S0740522040001 Email Table_Profit 39()1,531,771()416,390 Table_QuotePic-Table_Report Table_Finance()EPS PE PB 2022 2023E 2024E 2025E 2022 2023E 2024E 2025E 10.75 2.09 2.13 2.21 2.33 5.1 5.0 4.9 4.6 1.55 20.69 4.74 5.25 5.82 6.48 4.4 3.9 3.6 3.2 1.19 9.91 2.47 2.02 2.11 2.24 4.0 4.9 4.7 4.4 1.02 34.70 6.30 5.65 6.51 7.51 5.5 6.1 5.3 4.6 2.00 31.36 3.50 3.65 3.77 3.92 9.0 8.6 8.3 8.0 1.52 20.44 3.62 3.19 3.35 3.66 5.6 6.4 6.1 5.6 1.83 9.20 1.38 1.83 2.06 2.27 6.7 5.0 4.5 4.1 0.91 14.50 3.52 3.53 3.78 3.92 4.1 4.1 3.8 3.7 2.22 13.70 2.83 2.91 3.10 3.24 4.8 4.7 4.4 4.2 0.96 6.81 1.11 0.78 0.83 0.89 6.1 8.7 8.2 7.7 1.21 12.73 2.82 3.19 3.48 4.06 4.5 4.0 3.7 3.1 0.90 7.93 0.51 0.49 0.55 0.69 15.5 16.2 14.4 11.5 2.37 2023 5 9 1-2 995/1200/3 1000/1000/2023Q1 1 2023 34 3888 0.4%1%198 36.5%2.0%614 66%0.1%2 34 2023 29.6%16.6%7.0 0.8 ROE 4.4%1.0 0.2 19 2023 47%1 1 2023 2023 4.43%0.53%6.46%5.13pct 6.06pct 6.54pct 2 60 5 2022 2021 4500 4400 5 60 3 2022 4 2023 2023 1-4 1.43 88.8%3 4 4000 1 4000 2 3 3000/2023 3000/2023-8.3%4 32.6%4 21.1%2023 72.2%2.4 2023 2022 2023 21983 7.6%40234 -2-4.10%2023 4.1%7.1%2014 2014-2022 4.1%2022 3.2 3.2%YWEVxOmRtQqRrPoNnQsNqR6MdN9PpNpPsQsRfQoOsPiNpOnPaQqQuMMYtPmQwMsQtP-3-.-5-2022 2023Q1 2022 2023Q1.-7-.-18-.-18-2023.-21-.-23-.-25-.-27-.-28-.-30-图表目 录 1 2020 7-2023 5 Q5500/.-6-2/.-6-3/.-6-4/.-7-5:/.-7-6 2022 2023 Q1.-7-7 2022 2023 Q1%.-9-8 2022 2023 Q1%.-10-9 2022 2023 Q1.-12-10 2022 2023 Q1/.-13-11 2022 2023 Q1%.-14-12 2022 2023 Q1.-16-13 2018-2022 2023 Q1.-17-14%.-19-15%.-19-16%.-19-17%.-19-18%.-19-19%.-20-20%.-21-21%.-21-4-22%.-21-23%.-21-24 5000.-22-25 4500.-22-26 2022%.-22-27%.-22-28 2023%.-23-29 2022%.-23-30 2014-2022.-23-31.-24-32%.-24-33%.-24-34.-24-35.-24-36.-24-37.-25-38.-25-39.-26-40.-26-41 247.-26-42.-26-43/.-27-44.-27-45%.-27-46 2014-2022.-28-47 2023 5 10.-28-48 2020-2022%.-29-49 PE.-29-5-2020 2021 1000 2022 1200 2020 2021 1000 2021 7 10 20 2570/2022 2 1200 2022 1500/1200/2023 1-2 995/1200/3 1000/-6-1 2020 7-2023 5 Q5500/Wind 2/3/wind 2023 5 6 wind 2023 5 6 -7-4/5:/wind wind 2022 2023Q1 2022 2023Q1 2022 34 2022 15902 10%20 33 2022 12457 12%34 2022 2345 46%19 33 2022 1641 49%2023Q1 2023 34 3888 0.4%1%614 66%0.1%2023 6 2022 2023 Q1 2022 2023Q1 2022 2023Q1 12,261 22%3,157-2%-60%677 74%946-2%-60%26,793 9%6,844-5%-1%3,860 9%1,584-5%-1%4,423 38%1,178 8%-1%69 173%62 8%-1%200,829 32%44,421 8%-10%30,466 88%5,619 8%-10%8,916-5%1,667-16-16-90-386 57-16%-16%-8-%8,589 9%2,004-13%7%1,496 34%307-13%7%46,391-3%10,648-1%-1%7,188 45%1,725-1%-1%8,386 24%2,238-5%37%2,522 83%597-5%37%16,082-12%3,715-10%13%2,976-33%711-10%13%344,533 3%87,042 4%-7%70,337 41%18,529 4%-7%9,287 11%2,243 29%-9%1,705-18%429 29%-9%166,848 10%44,809 13%24%29,411 44%7,267 13%24%220,577-8%59,158-4%31%18,112 34%7,133-4%31%12,003-4%2,896 1%-6%2,072-21%583 1%-6%36,036 15%7,925-14%13%4,395 74%1,208-14%13%65,183 20%14,752-5%-39%9,335 129%2,492-5%-39%35,556 31%7,068-9%-19%1,665 101%420-9%-19%11,843 22%2,863 0%3%2,134 55%324 0%3%12,634 24%3,142 1%17%1,477 337%835 1%17%69,062 6%18,994 6%62%6,971 48%2,075 6%62%26,004 12%6,262 9%-2%1,700-7%402 9%-2%36,044 21%8,630-11%10%5,745 97%1,023-11%10%6,619 12%1,975 0%0%195 819%282 0%0%54,297 20%11,892-14%-17%14,366 84%3,357-14%-17%14,156 10%3,017-8%11%3,527 46%774-8%11%35,042-8%8,379-9%-3%7,364 61%1,720-9%-3%24,600 15%5,338-14%-9%2,246-22%389-14%-9%12,696-2%2,639-18%4%-295-207%-124-18%4%1,159-32%185-55%-32%22 197%1-55%-32%12,075 8%2,467-21%-8%2,545 103%765-21%-8%7,541 24%1,887 3%3%-169-250%-23 3%3%3,773 5%830 5%-21%149-2%26 5%-21%-9-23,200 23%5,011-11%-5%294-78%54-11%-5%16,801 40%3,442-24%28%12-99%-180-24%28%1,590,238 10%388,718 1%0%234,478 46%61,367 0%66%1,245,705 12%301,676 0%3%164,141 49%42,838 0%71%wind 34 2022 34 2022 936 9.9%121 38.5%600 10.8%215 3%2022 11.7%2.6 0.6%5.8%0.2 1.9%0.5 2023 Q1 34 2023 198 36.5%2.0%27 25.0%1.2%131 33.8%4.0%40 48.6%18.0%2023 8.2%2.0 0.7 0.7%5.2%2.5 0.2 1.9%7 2022 2023 Q1%2022 2023Q1 2022 2023Q1 2022 2023Q1 2022 2023Q1 12.0 4.5 9.4 1.1-4.4 0.8 0.1 0.8 0.2 0.1 9.3 3.3 6.8-0.7-3.5 1.9 1.1 1.7 1.6-1.0 4.3 0.0 3.1-0.2-4.0 0.2 0.0 0.2 0.1-0.1 3.0 0.5 2.1 0.2-3.8 1.1-0.4 0.8-0.5-0.1 18.0-13.6 17.5-1.3 1.8 1.5-0.5 1.5-0.1 0.1 12.2-11.2 10.9-1.7-0.7 4.2-1.9 5.1 0.4 2.4 10.0-0.4 7.4-1.8-9.6 3.2 1.2 2.9-0.3-1.4 4.3-0.9 3.1-0.4-4.2 2.5-0.7 1.4-1.1-3.9 5.4 0.0 6.5 0.0-1.0 0.5 0.0 0.6 0.1-0.2 2.2-0.1 2.5 0.6-1.4 2.7 0.1 3.4-0.7 0.7 14.7-4.1 19.4 6.3 12.1 1.2-0.2 1.4 0.3 0.3 10.9-2.5 13.2 5.3 4.3 2.6-1.4 4.8 0.7 7.5 6.4-0.2 5.4 0.1-4.0 1.2 0.1 1.5 0.2 0.6 4.2 0.3 3.4 0.3-4.0 1.0-0.7 0.5-0.4-0.6 13.4-2.9 13.0-1.1 3.2 0.6-0.2 0.7 0.0 0.4 12.7-2.2 12.0-0.9 1.0 0.1-0.6 0.3-0.2 1.8 5.7-0.8 8.6 4.2-1.4 0.9 0.1 0.7 0.0-0.7 3.3-0.6 5.1 3.3-3.5 1.5-0.3 2.8 0.9 2.7 4.3 0.7 2.9 0.0-3.7 0.1-0.1 0.1-0.1 0.2 4.0 0.5 2.7 0.0-2.9 0.3 0.2 0.1 0.0-1.0 11.2-1.1 11.7 0.0-4.6 1.5 0.1 1.9-0.4 0.3 6.1 0.1 5.7 0.7-5.4 3.6-1.4 4.1-0.4 0.5 4.7-0.6 4.0-0.3-2.3 0.5-0.2 0.5 0.0-0.1 4.6-0.1 3.8-0.4-2.1-0.4-0.3-0.3 0.0-0.1 4.8 0.6 3.7-0.2-4.2 0.4 0.1 0.4 0.0-0.2 2.7 0.5 2.0 0.1-3.5 1.7 0.0 1.3-0.3-0.5 -10-12.4 0.9 9.7-3.1-4.6 0.5 0.1 0.4-0.1 0.0 6.6 1.5 4.3-2.4-4.9 5.4-0.7 5.0-0.6 0.3 8.9-0.5 10.6 2.7-1.3 0.5-0.1 0.5-0.1-0.1 7.0 0.2 8.2 2.5-1.4 1.4-0.6 1.9 0.2 0.2 9.7-0.1 8.0 0.7-4.9 0.6 0.0 0.6-0.1-0.5 7.3 0.2 5.9 0.7-3.2 1.8-0.3 1.5 0.1-1.2 10.9-1.3 11.3 1.2 0.8 0.3-0.1 0.2-0.1 0.0 3.7-0.7 4.3 0.5 0.1 6.9-0.5 6.8 0.8 0.7 16.3 4.2 12.4 0.8-7.2 0.2 0.0 0.2 0.0 0.1 14.8 4.9 11.4 1.5-6.8 1.3-0.7 0.9-0.6-0.5 9.1 1.4 4.0-0.8-15.3 0.3 0.0 0.2 0.0-0.1 8.2 1.9 3.3-0.6-15.1 0.6-0.4 0.5-0.2-0.1 9.9 0.4 9.6-0.1-1.7 0.3 0.0 0.3 0.0 0.0 8.7 0.6 8.4 0.0-1.3 0.9-0.2 0.9-0.2-0.3 6.4 0.0 5.0-0.8-3.2 1.2-0.1 0.9-0.3-0.5 4.3 0.5 3.7 0.2-2.3 0.9-0.4 0.4-0.7-0.3 8.4-1.0 7.0 1.9-7.3 0.7-0.1 0.6 0.1-0.4 4.4-0.8 2.6 0.5-5.6 3.3-0.1 3.7 1.4-1.3 11.0-2.6 8.7-0.4 0.0 0.6-0.1 0.5-0.1 0.0 6.8-1.1 5.3-0.1-0.4 3.5-1.4 2.9-0.2 0.5 10.6-2.1 7.5-1.9-7.3 0.3 0.0 0.3 0.2-0.3 8.9-0.7 6.9 0.1-6.9 1.3-1.4 0.2-2.1-0.1 127.3 112.0 28.3 12.9 7.5 0.9-0.2 0.9-0.1 0.6 10.9 0.7 9.8-2.0-7.7 2.3-1.8 1.3-1.3-1.7 6.3-0.3 5.7 0.4-3.6 0.3 0.0 0.4 0.1 0.4 4.5 0.2 4.3 0.7-3.0 1.4-0.5 1.0-0.3-1.0 5.9-0.4 7.0 1.0 0.0 0.7-0.1 0.8-0.2 0.0 3.9-0.5 4.6 0.5-0.1 1.3 0.3 1.5 0.6 0.1 2.8 0.2 2.8 0.5 0.6 0.0 0.0 0.0 0.0 0.0 1.7-0.2 1.3-0.3 0.5 1.1 0.4 1.4 0.8 0.1 2.4 0.6 3.2 1.9-0.7 0.8 0.3 1.4 1.0 0.2 1.5 0.2 1.9 1.1-0.7 0.1 0.1-0.1-0.1-0.2 5.4-0.4 5.8 1.4-0.8 0.5-0.1 0.5 0.1 0.1 3.1-0.4 3.1 0.4-0.7 1.8 0.0 2.1 0.9-0.2 4.7-0.2 3.5-3.0-1.3 0.2-0.1 0.1 0.0 0.0 3.4-0.5 2.7-2.2-0.5 1.1 0.4 0.6-0.8-0.8 8.1-1.3 9.3-0.2 0.1 0.2 0.0 0.3 0.1 0.0 5.3 0.1 6.0 0.2 0.2 2.5-1.3 3.0-0.5-0.1 2.5-1.0 3.1 0.7 0.3 0.3 0.1 0.3 0.0 0.1 1.0-0.1 1.2 0.3 0.0 1.3-0.9 1.6 0.3 0.2 3.3-0.6 3.7 0.2 3.6 0.1 0.0 0.1 0.0-0.1 2.1-1.4 2.3-1.0 6.2 1.0 0.8 1.2 1.2-2.5 11.7 2.6 8.2 0.7-2.0 0.6 0.0 0.7 0.0 0.0 5.8-0.2 5.1 0.2-2.5 1.9-0.5 1.9 0.0 0.0 11.9 2.7 8.4 0.7-2.0 0.7 0.0 0.7 0.0 0.0 5.9-0.3 5.2 0.2-2.4 1.9-0.5 1.9 0.0 0.0 wind 2022 34 2022 30.4%2.3 20 34 2022 14.7%2.9 22 ROE 34 2022 17.3%1.6 22 ROE 2023Q1 34 2023 29.6%34 2023 16.6%7.0 0.8 ROE 34 2023 4.4%1.0 0.2 8 2022 2023 Q1%ROE 2022 2023Q1 2022 2023Q1 2022 2023Q1 46.9 16.4 48.0 1.6-8.2 26.1 11.1 30.4-2.0-0.7 28.3 19.9 7.1 2.0-14.9 31.4-2.6 39.5-1.8 13.9 17.6-1.8 25.4-1.4 16.5 18.2-0.6 6.1-1.0 3.0 -11-35.9 1.9 36.7 0.5-2.0 7.2 7.4 10.2 0.2 2.6 4.2 16.9 3.8 0.7 3.1 40.9 11.6 31.5-5.8-10.5 19.6 7.4 15.6-4.2 5.1 38.7 10.9 5.8-3.5 1.9 5.2-1.4 12.0 12.8-2.2-0.8-1.4 3.5 11.5-2.2-12.4-20.2 9.3 35.3-11.1 45 3.9 42.5 6.8 9.5 21.5 3.6 18.7 5.7 2.0 19.3 2 3.9 0.6 1.5 44.8 7 46.9 4.0-4.1 23.7 7.4 25.8 1.9 2.0 52.1 8.5 10.6-2.4-0.5 50.8 8.7 46.9 10.5-27.8 29.9 9.4 27.3 10.9-27.8 23.2 8.7 5.0 1.2-2.9 50-4.3 48.5-1.5 22.4 27.4-7.3 28.0-3.2 36.8 23-25.5 4.7-2.5 7.0 39 6 36.6-3.7 0.3 23.7 6 24.4-2.3 11.1 18.1 4.4 4.6-0.3 1.9 54.7-9.8 55.0 0.2 11.5 23.4-11.3 28.8 1.9 31.6 13.4-10 4.0 0.8 5.8 45 9.1 39.4-2.7-20.5 31.8 9.7 25.0 0.1-7.2 35.3 8 6.5 0.0-0.2 25.1 6.9 25.8 1.8 3.2 11.5 3.3 15.9 0.7 19.1 14.9 2.6 5.3-0.5 6.1 42.4-0.6 40.0-4.3 3.8 19.5-0.3 21.7 0.6 12.5 19.6-10.2 5.0-0.4 3.1 32 4.8 37.3 7.4 7.6 14.5 3.3 36.5 23.5 27.2 21.4 7.8 12.0 7.4 9.7 42.2 12.4 41.1 1.3-2.9 20.3 10 20.9 0.5 3.5 36.7 16.6 7.2-3.1-0.8 21.5-0.9 24.2 2.1 7.5 4.6 1.3 5.6 2.0 2.0 4.4 1.9 0.9 0.2 0.1 40.6 5.9 29.0-9.1-2.5 18.9 5.5 12.6-5.5-4.8 22.2 5.7 3.0-3.7-1.7 34.5 13.9 44.6 2.4 35.5 13.6 9.6 27.5 2.8 42.7 15.4 11.8 6.6-0.5 9.7 23.2 3.4 24.3 1.9-4.0 10.3 2.3 11.2 1.3-2.9 23.1 3.5 6.1 0.4 0.6 16.3-4.6 14.2-7.4 5.3 5.9-3.3 4.2-6.4 6.4 13.3-1 2.9-1.4 2.6 34.4 6.8 27.9-5.1-6.9 17.1 6.1 14.6-3.9 0.7 29.2 12.1 5.0-4.2 0.3 26.1 4.3 32.3 3.2 7.0 2.9 2.5 14.5 2.9 15.6 3.7 3.2 5.2 0.8 5.6 55.9 7.2 57.0 14.1-9.3 28.8 13.7 32.3 12.0-2.2 34 12 6.7-0.1-3.9 54.5 7 49.6-3.7-5.4 23.3 7.7 25.8-1.5 12.0 22.6 2.8 4.9-1.6 1.8 46.4 10.3 42.6 8.3-19.4 22.7 11.5 22.6 5.6-4.3 31.4 11.9 6.3 0.4-1.6 21-9.3 20.1-3.9-3.5 9.1-5.6 7.8-4.1 0.0 16.4-5.5 2.7-2.6-0.8 0.7-4.5-1.9-6.4 3.3-2.3-4.5-4.7-6.3 4.5-11.1-21.7-5.0-6.8 3.8 4.7 2.1 4.1 0.5 0.1 1.9 1 0.8-1.0-0.3 6.4 1.5 0.4-1.7-0.4-1.4-8.1-7.4-8.1 0.3 21.3 12.1 30.8-5.1 35.5 19.4 8.6 5.1-3.7 6.0 2.6-2.5 2.5-1.5 1.2-2.3-2-0.8 1.9 3.8-5.5-4.7-0.5 1.0 2.2 14.8-2.1 15.8-0.5-3.4 3.3-0.1 3.6-0.9 0.5 2.1-0.4 0.4-0.2-0.1 4.1-9.3 2.6-5.2 1.5 1-9 0.7-4.5 0.7 3.2-18.5 0.6-2.1 0.2 4-9.8-2.7-8.6-0.7 1.5-6.3-4.0-6.8-3.6 2.9-8.3-1.6-3.0-1.5 30.4 2.3 29.6 0.0 0.0 14.7 2.9 16.6 0.8 7.0 17.3 1.6 4.4 0.2 1.0 30.2 2.2 29.4 0.1 0.0 14.4 2.8 16.3 0.9 6.9 17.2 1.5 4.4 0.2 1.0 wind 2022 23 2022 10.9 2.4%11.9 5.4%22 2022 7.8 2.5%7.7 0.5%2022 2023Q1 21 2023 -12-2.7 3.5%2.9 3.1%20 2023 1.9 5.5%1.8 4.0%9 2022 2023 Q1 2022 2023Q1 2022 2023Q1 1494 0.8%1415-7.1%4600 0.0%4600-0.1%559 17.3%163 13.9%621 15.3%165 4.5%9953-5.2%2253-10.4%9117-2.8%2024-12.0%144-8.3%45 74.4%127-10.6%37 61.9%1158-9.0%281-9.3%1162-8.5%272-13.7%4057 0.4%1063 16.5%5388-21.0%1241 2.1%934-7.6%221-11.3%704-4.8%197-3.4%3280-6.2%853-1.2%2731-10.1%700 0.0%31340 2.1%8010-0.9%41780-13.4%10760 1.8%1490 8.6%443 58.8%1489 4.6%440 56.7%15728 11.0%4085 11.3%15549 11.0%4044 12.5%11917 4.4%3330 9.2%12034 7.3%3257 5.7%1842 8.6%477 15.8%1811 7.2%478 22.3%1440 2.4%300 3.2%1440 2.7%299 2.2%1169 11.1%317 20.8%1171 12.8%317 18.1%819 7.5%209 4.5%655-2.1%173 15.5%2290 1.4%568-5.8%1882-4.7%510-1.7%3062 6.1%780 7.1%3092 0.9%793-0.4%630 22.4%160 41.3%637 24.4%161 37.4%5324-2.1%1470 2.6%5294 5.1%1271-1.7%1146 10.2%291 4.1%1163 13.3%249 2.0%4523-1.9%1157-0.1%4642-22.3%1071-0.8%108899 2.4%26476 3.5%118505-5.4%28461 3.1%77559 2.5%18466 5.5%76725-0.5%17701 4.0%wind 2022 23 2022 748/20%370/1%378/47%51%9 2023Q1 20 2023 636/4%19 2023 336/6%300-13-/1%47%1 10 2022 2023 Q1/2022 2023Q1 2022 2023Q1 2022 2023Q1 2022 2023Q1 719.1 36%282.7 23%436.4 46%61%4%182.8 13%92.9 8%89.8 18%49%2%646.6 23%649.8 2%405.2 23%394.3 2%241.3 22%255.5 2%37%0%39%0%1169.6 63%1066.3 14%345.9 4%374.6 12%823.7 114%691.7 15%70%17%65%1%1023.7 4%1110.2 41%846.0 20%742.4-32%177.7-36%367.8 218%17%-11%33%73%685.6 39%639.2 9%364.8 48%312.2-4%320.8 30%327.0 25%47%-3%51%7%851.7 23%848.1-3%466.2 8%446.5-10%385.5 46%401.6 6%45%7%47%4%1118.5 39%1072.7 0%549.0 18%579.9-17%569.5 69%492.8 31%51%9%46%11%574.2-2%521.7-9%280.4 9%293.8-10%51%-5%664.1 9%640.6 0%425.6-3%424.5 2%238.5 43%216.1-5%36%8%34%-2%575.2 12%473.4-18%230.4 76%193.6-17%344.8-10%279.8-19%60%-15%59%-1%702.1 26%238.3 13%463.7 33%66%4%715.9 11%671.0-8%322.8 0%272.6-13%393.0 23%398.5-4%55%5%59%2%550.1-12%535.7-10%334.3 0%323.7-10%215.7-25%212.0-11%39%-7%40%0%923.2 21%889.8-4%345.6 12%323.5-12%577.6 28%566.4 1%63%3%64%3%890.9 7%758.5-22%495.8-5%507.9-10%395.0 30%250.6-39%44%8%33%-9%1343.7 52%1291.2-7%658.3 18%514.1-3%685.4 109%777.1-10%51%14%60%-2%1159.9 44%1387.3 22%587.8 23%714.2 14%572.1 74%673.1 33%49%8%49%4%1118.1 20%1055.7-9%723.7 8%749.6-1%394.4 50%306.1-24%35%7%29%-6%-14-765.0-3%755.1-26%459.2-14%457.6-22%305.8 20%297.5-33%40%8%39%-4%930.7 17%869.1-11%359.5-4%351.1-34%571.2 36%518.0 17%61%8%60%14%944.6 17%906.4-8%297.2 14%297.7 1%647.4 19%608.7-12%69%1%67%-3%709.7 17%679.9-11%364.5-4%342.6-29%345.2 53%337.4 18%49%11%50%12%747.9 20%636.2-4%369.9 1%336.1-6%378.0 47%300.1-1%51%9%47%1%793.5 25%633.6-6%339.6 5%282.4-12%453.9 45%351.2 0%57%8%55%3%wind 2022 34 2022 4327 21%4586 12%52.0%1.6 3230 23%4016 11%52.8%1.6 2023Q1 34 2023 818 30%19%4608 9%50.6%1.4 1.7 526 46%31%4057 1%9%51.4%1.4 1.7 11 2022 2023 Q1%2022 2023Q1 2022 2023Q1 2022 2023Q1 5065 18%462-52%-89%5610 159%5531 160%-1%51.0 12.2 47.3 10.9-3.7 8504 34%1352-29%-19%9467-3%9812-2%4%35.1-2.4 32.2-3.9-3.0 1180 2680%111-66%-40%2591-14%2557 6%-1%80.7-0.7 79.9-0.8-0.8 53450 48%8621 547%-59%75649-25%77209-20%2%56.7-9.9 55.3-7.9-1.4 202 2%74 1011%-42%4503 36%4302 52%-4%94.7 1.8 94.0-0.6-0.7 3093-46%467-39%-20%5532-11%6119 4%11%61.2-3.2 60.7-3.1-0.4 -15-13496-17%1264-34%-76%7196-42%7385-37%3%58.7-10.1 53.1-8.7-5.6 2990 39%1093 194%-23%2229 3%1689-28%-24%42.9-0.5 40.0-3.8-2.9 5638-28%1981 1779%9%9850-2%8250-19%-16%49.8-6.0 47.0-5.6-2.8 109734 16%29203 3%57%56937-13%55152-13%-3%26.1-0.5 24.9-0.4-1.2 4207-2%1241 56%219%8762 7%8299 23%-5%54.0 2.6 52.2 1.7-1.7 56139 7%8964 48%-49%7253-10%6183-23%-15%35.9-2.3 32.9-0.1-3.0 43634-9%11098 11%91%84230-13%83121-15%-1%51.5-4.3 49.9-4.8-1.5 3007-36%697-20%41%13216-3%13414 0%1%63.2-4.8 61.4-4.6-1.8 5505 10%990 57%-14%14244-5%13930 3%-2%51.6 0.6 48.2 0.2-3.4 16915 13%4638 21%-45%13865 1%13301-8%-4%55.0-8.1 52.7-8.1-2.3 6443 26%1093 3%-30%25996-8%25938-8%0%54.2-1.6 53.6-1.6-0.6 3535 111%601 35%-27%7069 52%7998 66%13%58.1-3.1 58.3-7.6 0.1 3817 218%637 298%-18%1407-37%1433-36%2%37.2-3.3 34.9-4.7-2.4 16669 51%1373-24%-78%16610-15%15396-14%-7%54.8-1.9 53.4-0.8-1.3 4041-13%141-90%-86%4851-30%5399-24%11%45.8-1.7 44.7-2.7-1.1 10920 29%3666 113%-20%18413 43%23779 63%29%66.6-3.3 66.5-2.9-0.1 1669-11%-35-112%-107%4749-18%4767-8%0%64.5-2.3 61.8-1.6-2.8 33769 320%40-98%-99%6005-71%5117-74%-15%48.1-16.7 43.5-18.7-4.6 5699 73%1032 23%122%8500-9%8543-11%1%49.6-5.5 48.8-5.4-0.8 9970 18%1052 138%-80%19133-3%20237 3%6%57.6-5.5 54.7-6.2-2.9 3195-35%-59-107%-108%5388 82%5583 93%4%54.8 3.3 54.4 4.0-0.3 20-96%122 188%263%1394 27%1354 20%-3%51.5 4.9 53.9 8.2 2.5 -16-30 60%-27 80%-127%20 21%19 8%-2%23.3-9.0 19.3-8.3-3.9-600-181%-196-289%1%5482 47%5763 57%5%37.5-2.3 37.2-0.9-0.2 926 259%-200-295%-145%1767 65%2002 86%13%65.4 20.5 67.3 17.4 1.9 13-98%243 453%808%1556-13%1581-10%2%37.5-3.8 39.5 2.8 2.0 349 2534%285 344%212%4254 24%3989-3%-6%48.5 0.5 48.3-0.8-0.2-513-162%-191-121%92%4818 119%5662 115%18%46.7 13.4 49.8 11.2 3.1/432711 21%81833 19%-30%458545-12%460813-9%0%52.0-1.6 50.6-1.7-1.4 322977 23%52630 31%-46%401608-11%405661-9%1%52.8-1.6 51.4-1.7-1.4 wind=-2022 2022 34 20 4 16.4%24 0.4 1.7%2023Q1 2023 34 23 1 4.0%27 3 11.6%12 2022 2023 Q1 2022 2023Q1 2022 2023Q1 15-47.9%24 0.8%23 4.7%46 84.9%29-15.0%28-20.4%36 8.8%43 22.1%97-39.1%74-33.7%26-42.7%19-24.7%11-5.1%14 4.7%26-2.8%27-12.3%23 18.1%36 54.1%3-11.2%4-11.9%33-11.8%35-2.1%14 5.6%17 54.6%9-17.6%11 30.9%18 5.1%14-16.1%5-31.5%5 10.9%42 15.3%31 21.5%26 44.3%32 1.5%15-21.6%18-4.4%11 14.4%13 2.5%21 4.1%21-6.3%7-35.8%7-51.3%8-52.6%9-35.2%10-36.9%6-44.9%14-20.3%12 6.3%13 11.9%15 2.0%2