20230626_国泰君安证券_建筑工程行业证券研究报告：中特估、国改重组、稳增长、一带一路龙头再进增持区间_61页.pdf

0证券研究报告 1 请参阅附注免责声明 2 请参阅附注免责声明 3 请参阅附注免责声明 4 请参阅附注免责声明 5 请参阅附注免责声明2023 62023 62023 62023 52023 22023 20232022 1120222022 11REITs 5GREITs2022 102022 5 6 请参阅附注免责声明 7 请参阅附注免责声明()8 请参阅附注免责声明(/)()()ROE 9 请参阅附注免责声明(/)20230621(/)ROE 10 请参阅附注免责声明 11 请参阅附注免责声明 12 请参阅附注免责声明(%)(%)(%)2023 2022 2023 20222022 20211-5 1-5 5 4 3 2 5 6 7 8 9 10 11 1210.1 8.2 10.7 7.9 9.9 12.2 7.9 12.0 11.5 15.4 16.3 12.8 13.9 10.4 11.5 0.2 27.6 11.5 35.9 28.6 20.4 25.4 7.8 24.1 15.1 14.4 34.2 26.5 25.2 17.1 19.3 1.1 7.5 6.7 4.9 7.9 8.7 9.0 7.2 8.2 9.1 14.2 10.5 9.4 10.6 14.3 9.4 0.4 6.9 6.9 3.4 6.7 8.7 9.2 5.5-1.2 2.1 9.3 13.2 8.3 22.7 22.7 9.1 1.6 11.5 11.8 13.5 11.5 15.5 3.0 11.3 15.1 25.8 18.8 19.4 8.9 8.1 8.7 13.6 1.3-0.7 1.7-9.5 3.4 0.8 7.7 4.9 12.1 22.3 42.5-1.3 16.1 0.8-7.3 6.0-2.6 3.9 7.9 2.0-0.9 5.3 11.2 9.9 18.7 16.5 22.2 11.1 11.9 2.3-3.0 10.1-1.3 13 请参阅附注免责声明 14 请参阅附注免责声明8.09.010.011.012.01,6001,8002,0002,2002,4002021-062021-072021-082021-092021-102021-112021-122022-012022-022022-032022-042022-052022-06建筑指数-左轴 PE-右轴0.00.20.40.60.81.01.22021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q1基金持股比例(%）2021 2022 202110-202203Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q48%-5%7%6%-1%-1%-13%4%22%-4%2%-7%0%-15%5%-15%2%2%15 请参阅附注免责声明601669.SH 2021/11/26 6.20 2022/2/8 9.55 54%74601800.SH 2021/11/5 6.88 2022/2/18 10.23 49%105601868.SH 2021/11/24 2.09 2021/12/21 2.91 39%27601390.SH 2021/11/5 4.94 2022/2/10 6.50 32%97601117.SH 2021/11/15 9.81 2021/12/23 12.72 30%38601618.SH 2021/11/16 3.52 2022/3/8 4.43 26%112601186.SH 2021/11/5 6.98 2022/2/8 8.48 21%95601668.SH 2021/11/5 6.98 2022/2/8 8.48 21%95002761.SZ 2022/1/28 7.77 2022/5/10 44.65 475%102601789.SH 2021/10/28 3.34 2022/3/23 9.03 170%146600939.SH 2021/11/2 3.27 2022/2/14 6.45 97%104002307.SZ 2021/11/29 4.08 2022/4/11 7.74 90%133600853.SH 2021/11/2 2.31 2022/4/8 4.25 84%157002941.SZ 2021/11/5 10.41 2022/4/11 18.74 80%157600248.SH 2021/10/28 3.90 2022/2/21 7.00 79%116600502.SH 2021/10/27 3.40 2022/4/11 6.01 77%166 16 请参阅附注免责声明 17 请参阅附注免责声明 18 请参阅附注免责声明/2023 5+2023 5 18 19+2023 22023 2 14 162022 12 12 15-162022 1212 92022 112022 11 20232022 1129 292022 9“2030 9 14 20302022 7 97 12 13 2022 5“82022 42021 122021 102035 2035 19 请参阅附注免责声明2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023Q1/1025 905 1049 1276 1362.6 1517.1 1837.8 400.2/-12%16%22%7%11%21%1%/8%6%6%6%5%6%6%6%1269 1312 1563 2238 2256 1590.1 1958.3 2049.9 2159.8 2168 834/3%19%43%1%-30%23%5%5%0%35%/24%31%25%18%20%19%17%14%18%800 1278 863 1078 1050 1302.2 2692 2328.1 2573 3060.5 3048%60%-32%25%-3%24%107%-14%11%19%-5%9%15%9%9%7%8%13%9%9%9%6%/715 1025 1124 1988 1556 1760 1845 1517 1520 162/43%10%77%-22%13%5%18%0%-4%/5%7%6%9%7%6%6%4%4%1%20 请参阅附注免责声明2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023Q1167 136 179 336 337 503.7 1365.7 494.7 496.5 379 66-45%1%34%88%0.28%50%171%-64%0%-24%-39%20%19%28%48%35%35%60%20%18%13%6%737 860 997 1178 1188 1536.3 1484 2016.1 1642.3 1923.4 54514%17%16%18%1%29%-3%36%-19%17%13%35%36%30%33%29%34%29%30%21%19%17%230 171 411 573 573 461 424 319 347 414/-22%470%141%40%0%-20%-8%-25%9%19%/9%5%10%11%/7%5%3%3%3%/905 1075 1160 1327 1421 1540 1785 2171.5 2397.9 769/19%8%14%7%8%16%22%10%28%/31%31%28%30%31%30%31%25%23%26%/217 285 211 293 221.5 174.3 207 234.1 242.3 94/31%-25%39%-24%-21%19%13%3%106%/79%90%76%82%71%56%61%46%47%41%/69.7 58.9 101.1 81.5 68.1 13/29%-16%77%-22%-16%120%/27%29%36%29%37%32%/133 152 140 128 116 137 122 44/15%-8%-8%-9%18%-11%-15%/93%92%67%20%65%78%72%85%/35 5 6.1 17.0 6.4 5.2 18.7/-86%7%178%62%-19%260%/50%8%10%27%11%8%19%/1.4/11 7 49 3 15 14 7 2.7 21 请参阅附注免责声明22()()()30,324 1,838 6%32,450 3,061 9%50%10,491 2,398 23%1,650 16%69%10,092 1,923 19%50%15,423 2,168 14%1,074 7%50%13,436 414 3%197 1%47%515 176 34%122 24%70%140 37 26%100%20.6 11.8 57%18+66 18 100%184 68 37%90%22 请参阅附注免责声明2015 2016 2017 2018 2019 2020 2021 202215%16%12%15%12%9%11%10%12%9%13%13%13%14%10%10%8%13%15%9%10%13%9%10%8%8%8%7%8%7%8%8%/8%10%10%9%12%13%11%10%9%8%9%6%10%12%5%9%10%5%4%4%11%16%15%16%22%16%10%11%16%20%18%15%17%17%22%20%13%6%18%14%6%7%20%22%26%20%27%20%14%8%7%12%15%14%16%13%14%17%/20%30%33%23%24%/27%23%9%16%-8%6%17%12%7%4%/-13%/23 请参阅附注免责声明2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202306214.3 3.6 3.4 6.4 5 7.1 5.4 5 4.6 3.9 3.9 4.45.8 5.5 5.4 15 8.7 9.1 6.9 6.2 5.1 4 3.8 4.47.2 6.1 6.4 22.1 13.4 11.8 9.5 6.1 5 4.7 4.7 5.1-6 10 9 24 13 15 11 9 7 9 8 6.811.6 9 8.8 25.3 13.1 14.7 10.8 9.8 7.2 9.1 9.4 7.210.6 13.4 10.3 16 17.6 25 19.1 11 9.4 11.2 9.6 7.45.1 4.7 4.6 13.4 10.1 11.1 9.3 8 7.5 6.3 7.1 8.054 52 56 113 63 14 11 9 12 9/9.720 134 67 26 25 17 11 8 12 12 10 11.5-37-14 36 23 17 24 13 11 8 15 14 15.85 4 6 10 13 15 11 9 7 9 10 17.79 7 12 27 37 23 14 58 45 15 18 21.412 11 10 13 11 14 13 13-110 28 25 30.8/51 22 43.0/33 84 80 26/64 536-6-12/24 请参阅附注免责声明 25 请参阅附注免责声明EPS(%)PE2023E 2024E 2023E 2024E 2023E 2024E300418.SZ1.11 1.27 15.2 14.7 45.3 39.5300058.SZ0.26 0.32 129.8 22.3 42.2 34.5601595.SH0.27 0.42 136.4 55.5 111.8 71.9300494.SZ1.08 1.34 31.8 24.8 41.9 33.6002230.SZ0.73 1.03 199.1 42.0 107.0 75.4601360.SH0.08 0.16 125.1 110.6 189.6 90.189.7 57.5 26 请参阅附注免责声明20%(%)0621()()/(%)22%()(/)(/)()()ROE(%)22 PE300500.SZ 645.1 31.1 18.6 0.1 3,794.8-89.7 2,069 89.7 0.7 25.9 5.4 0.9 164.8300746.SZ 480.0 22.9 25.0 0.2 2,823.6-83.6 1,884 132.7 0.9 24.6 4.6 1.3 121.7300983.SZ 248.6 39.3 5.1 0.2 1,462.4-93.2 769 66.1 2.7 39.6 3.0 0.7 171.3301027.SZ 170.1 17.4 8.5 0.5 1,000.7-57.2 3,021 28.0 1.8 18.1 5.5 5.8 36.3600629.SH 150.2 74.1 80.4 3.9 883.3 17.6 10,946 73.4 3.5 31.1 34.0 9.5 11.1300989.SZ 148.2 33.3 4.4 0.3 871.9-70.2 947 46.7 3.2 28.3 2.7 3.1 66.0002949.SZ 143.7 27.1 18.3 1.1 845.4 6.5 4,013 45.5 2.8 23.6 9.5 7.7 23.0603153.SH 141.3 73.6 35.6 2.8 831.0-1.2 9,121 39.0 3.0 25.1 22.9 11.1-300668.SZ 138.1 27.6 4.4 0.2 812.1 34.0 588 74.3 3.9 31.7 1.9 3.5 103.3603017.SH 117.3 29.2 17.6 0.9 690.3 120.7 3,080 57.1 2.8 19.4 6.0 6.1 29.1603909.SH 91.4 34.3 12.6 0.6 537.5 40.2 2,094 60.2 2.7 14.6 3.0 6.2 37.8301091.SZ 79.3 57.2 12.3 1.6 466.4 0.1 2,225 55.1 7.2 33.6 7.5 8.0 30.9300778.SZ 71.9 33.3 4.7 0.6 422.7-25.5 864 53.8 7.1 29.8 2.6 5.4 31.3300492.SZ 67.6 82.2 1.1 0.1 397.8-14.5 194 55.1 5.6 22.4 0.4 3.6 456.7002883.SZ 65.0 16.8 7.5 0.5 382.1-14.5 1,043 71.6 5.0 18.9 2.0 8.3 33.7 27 请参阅附注免责声明20%(%)0621()()/(%)22%()(/)(/)()()ROE(%)22 PE300826.SZ 63.4 23.2 8.3 0.7 372.9-13.0 1,255 66.3 5.7 21.2 2.7 6.8 23.0300564.SZ 60.1 19.9 8.8 1.5 353.7-12.8 1,605 54.6 9.3 33.0 5.3 11.4 12.8300675.SZ 56.7 23.0 4.7 0.7 333.3 64.3 920 51.5 7.9 26.5 2.4 13.0 28.6603458.SH 54.3 30.3 21.6 1.7 319.2-49.7 3,004 71.8 5.7 18.1 5.4 5.1 17.4300732.SZ 53.3 31.2 25.1 2.5 313.6-22.7 3,716 67.6 6.7 21.0 7.8 8.8 11.8003013.SZ 52.4 68.7 24.8 4.0 308.3 12.1 2,030 122.0 19.7 60.7 12.3 19.6 15.5301167.SZ 52.4 18.9 5.1 0.8 308.3 22.5 935 54.5 8.8 27.1 2.5 9.5 21.8603018.SH 50.5 59.8 58.4 6.8 296.8 10.6 6,104 95.7 11.2 33.2 20.3 16.6 7.6300284.SZ 48.5 75.5 52.3 5.9 285.0 25.8 8,412 62.1 7.1 20.1 16.9 7.5 11.9603860.SH 36.2 19.3 2.2 0.4 212.8 1.8 236 95.2 16.3 34.7 0.8 5.4 40.3603357.SH 26.7 62.6 28.0 4.4 156.8 14.0 2,155 129.8 20.5 32.2 6.9 14.7 9.6301365.SZ 17.2 29.5 7.9 1.7 101.0-24.9 596 133.3 27.7 28.0 1.7 20.7 18.4301024.SZ-15.7 15.4 1.3-1.8-92.2-479.6 410 32.7-43.4 40.0 1.6-24.4-7.8300844.SZ-42.5 17.7 3.3-1.2-250.1-335.8 1,155 28.6-10.6 26.5 3.1-13.5-11.8300949.SZ-113.9 22.4 4.8-0.5-670.2-168.5 1,614 29.7-3.2 21.5 3.5-4.4-35.5301038.SZ-201.7 29.9 9.3-0.3-1,186.2-127.6 1,334 69.8-2.2 26.1 3.5-3.2-86.5 28 请参阅附注免责声明 29 请参阅附注免责声明2023 2022 2023 20222022 20211-5 1-5 5 4 3 2 5 6 7 8 9 10 11 12-7.2-4.0-10.5-7.3-5.9-5.7-7.8-9.4-12.3-13.8-12.1-16.0-19.9-12.2-10.0 4.4-0.9-23.6-3.0 5.5 0.1-3.6-31.8-18.3-28.9-22.6-16.2-23.2-33.3-31.5-24.3 1.9-22.6-30.6-27.3-27.3-29.1-9.4-41.8-45.1-45.4-45.7-44.4-35.1-50.8-44.3-39.4-11.4-6.2-1.0-41.2-36.3-34.1-4.4-39.7-48.1-44.3-47.8-43.2-32.6-52.6-48.2-7.2 5.2 19.6-15.3 24.4 42.0 32.0 8.0-31.3-40.7-36.0-2.5-6.0-9.4-20.2-6.6-15.0 11.2 30 请参阅附注免责声明 31 请参阅附注免责声明601186.SH 9.79 2.21 2.44 2.71 12 11 11 4.4 4.0 3.6 0.6 1236 18.30601390.SH 7.39 1.45 1.65 1.86 15 14 13 5.1 4.5 4.0 0.7 1712 14.70601618.SH 3.88 0.57 0.65 0.73 15 13 12 6.8 6.0 5.3 0.8 744 7.00601800.SH 10.76 1.34 1.48 1.63 13 11 10 8.0 7.3 6.6 0.7 1452 18.40600970.SH 12.39 1.08 1.24 1.43 30 15 15 11.5 10.0 8.7 1.9 327 22.60000928.SZ 9.17 0.58 0.67 0.77 18 16 14 15.8 13.7 11.9 1.8 118 12.90000065.SZ 15.77 0.89 1.09 1.30 40 22 20 17.7 14.5 12.1 2.0 158 19.70002051.SZ 11.39 0.37 0.46 0.56 36 27 21 30.8 24.8 20.3 1.3 141 16.00AI603357.SH 13.40 1.14 1.33 1.53 20 17 15 11.8 10.1 8.8 1.9 63 18.30603018.SH 8.75 1.15 1.30 1.46 15 13 12 7.6 6.7 6.0 1.4 60 16.70601668.SH 5.87 1.34 1.46 1.59 10 9 8 4.4 4.0 3.7 0.6 2462 8.52002081.SZ 4.44 0.54 0.6 0.66 12 11 10 8.2 7.4 6.7 0.9 118 6.39002541.SZ 28.60 2.02 2.35 2.70 20 16 15 14.2 12.2 10.6 2.5 197 46.45300986.SZ 28.59 1.46 1.96 2.50 35 34 27 19.6 14.6 11.4 3.3 47 40.00 32 请参阅附注免责声明 33 请参阅附注免责声明2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022()11 69 75 67 74 94 104 123 125 161 172 237 252 276 31354%518%9%-11%10%27%11%18%2%28%7%38%6%10%13%()248 248 248 248 248 248 248 248 248 248 248 248 248 248 248EPS(/)0.05 0.28 0.30 0.27 0.30 0.38 0.42 0.50 0.51 0.65 0.69 0.96 1.02 1.12 1.26PE 103.6 16.9 12.8 11.3 7.2 6.1 6.5 22.1 13.4 11.8 9.5 6.1 5.0 4.7 4.7PE 137.7 20.1 16.2 14.7 8.4 7.1 18.6 38.9 18.5 12.7 11.0 7.0 5.4 5.6 5.4PE 78.0 14.5 10.8 7.8 6.5 5.2 4.6 13.9 11.1 11.3 8.9 5.2 4.5 4.4 4.076%79%81%83%84%85%84%80%80%80%76%77%74%74%74%ROE 2%12%12%10%10%11%11%11%10%11%11%13%12%12%12%/70%274%13%-201%-57%85%188%249%436%206%70%94%123%47%139%34 请参阅附注免责声明23Q1 6674 10.2%10.2%6274 10.8%10.8%400 1.1%1.1%22Q4 30323 11.1%-16.9%28486 10.5%-18.1%1838 21.1%2.1%22Q3 19831 35.2%78.2%18719 35.1%87.8%1112 37.9%-19.1%22Q2 12119 17.2%-13.9%11321 14.1%-16.8%798 90.7%66.6%22Q1 6057 84.0%84.0%5662 81.7%81.7%396 123.6%123.6%21Q4 27293 4.8%0.9%25776 4.4%1.2%1517 11.3%-3.1%21Q3 14664 8.3%-10.6%13857 7.3%-15.4%807 23.1%113.5%21Q2 10337 18.8%32.2%9918 20.1%34.2%419 23.1%-6.8%21Q1 3292-2.5%-2.5%3115-2.3%-2.3%177-6.0%-6.1%20Q4 26057 20.4%16.4%24694 21.2%17.1%1363 6.8%6.6%20Q3 13542 24.3%24.6%12913 25.3%27.3%629 7.0%-19.1%20Q2 8703 24.1%37.3%8256 24.2%41.2%448 23.1%-11.2%20Q1 3376 7.8%7.8%3188 4.1%4.1%188 162.7%162.8%35 请参阅附注免责声明0.09%64.1883%60.17 60.261.50/0.10SICOMINES 3.13%722.0741.72%45.86 30.9225.260.25%57.21 0.322.24%47.0072%21.38 21.603.170.06%1.35 0.11MKM 2.08%3.1080.2%11.95 12.351.760.21%0.32 0.091.15%17.94100%15.4 15.40.952.81%44.03 2.3654.62g/t 0.09 0.0050.63%4.11100%2.37%15.47118.17g/t 0.083g/t 0.0003 100%7.00%8.97100%3.3 5.09%6.52200.51g/t 0.03 36 请参阅附注免责声明2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022()59 689 949 116 120 121 139 157 167 206 197 201 162 180 19122%16%38%23%3%2%14%13%7%23%-4%2%-19%11%6%()162 162 162 162 162 162 162 162 162 162 162 162 162 162 162EPS(/)0.36 0.42 0.58 0.72 0.74 0.75 0.86 0.97 1.04 1.27 1.22 1.24 1 1.11 1.18PE 1.5 4.2 3.3 2.6 5.2 4.8 4.7 13.7 10.3 11.3 9.5 8.2 7.7 6.4 7.4PE 2.3 8.2 4.1 2.9 6.9 5.8 14.5 19.9 13.7 13.4 10.9 10.6 8.9 8.7 9.1PE 1 2 3 2.3 4.4 4 3.5 10.2 8.8 9.1 8.3 6.4 7 5.6 5.875%74%76%77%78%80%79%77%77%76%75%74%73%72%72%ROE 12%13%15%17%15%13%13%12%12%13%11%10%7%8%8%/18%252%164%15%112%57%32%203%178%208%46%29%85%-70%2%37 请参阅附注免责声明23Q1 4578 6.3%6.3%3744 1.5%1.5%834 35.3%35.3%22Q4 15423 22%95%13255 26%173%2168 0%-23%22Q3 10322 3%-28%8843 0%-69%1479 17%-6%22Q2 8019 17%35%6864 16%32%1155 26%61%22Q1 4307 4.9%4.9%3690 4.8%4.8%616 5.7%5.7%21Q4 12679 18.9%-20.8%10519 22.1%-33.4%2160 5.4%23.9%21Q3 10067 36.6%57.6%8807 45.6%240.4%1261-4.8%475.4%21Q2 6851 28.5%-10.2%5934 42.4%-0.1%918-21.1%-47.9%21Q1 4106 80.5%80.5%3523 100.9%100.9%583 11.9%11.9%20Q4 10668 10.8%6.7%8618 12.4%0.6%2050 4.7%35.8%20Q3 7371 12.8%30.0%6047 18.3%48.2%1324-7.0%-46.7%20Q2 5331 7.3%4.2%4168 8.4%2.4%1163 3.7%11.4%20Q1 2275 11.9%11.9%1754 17.9%17.9%521-4.4%-4.4%38 请参阅附注免责声明2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E()66 42 79 86 103 117 126 140 161 179 202 224 247 266 30081%-36%85%10%20%13%8%11%15%12%13%11%10%8%12%()136 136 136 136 136 136 136 136 136 136 136 136 136 136 136EPS(/)0.49 0.31 0.58 0.64 0.76 0.84 0.93 1.03 1.18 1.32 1.49 1.65 1.82 1.96 2.21PE 14.9 19.1 7.9 5.8 5.5 5.4 15.0 8.7 9.1 6.9 6.2 5.1 4.0 3.8 4.3PE 16.9 22.2 10.8 7.4 6.7 15.2 23.0 11.8 10.4 8.1 7.4 5.9 4.8 4.4 5.7PE 13.5 17.0 5.5 4.6 4.3 3.8 10.8 7.4 8.3 5.5 5.5 4.6 3.8 3.5 3.481%83%84%85%85%83%81%80%78%77%76%75%74%75%ROE 13%8%13%12%14%13%12%12%12%12%12%11%11%11%/265%147%-160%64%-90%58%398%265%158%30%198%179%-30%211%39 请参阅附注免责声明23Q1 5396.3 15.8%15.8%5093 17.3%17.3%304-4.8%-4.8%22Q4 32450 15.1%11.8%29390 14.7%12.3%3061 19%8.2%22Q3 18436 17.7%0.1%16935 17%-2%1502 33%28%22Q2 13312 26.2%45.3%12239 25.6%43.0%1073 34.4%74.4%22Q1 4659 1.5%1.5%4340 2.8%2.8%319-12.8%-12.8%21Q4 28197 10.4%7.7%25624 10.4%6.5%2573 10.5%17.9%21Q3 15663 12.6%-0.6%14531 13.5%-0.5%1132 2.4%-2.3%21Q2 10546 20.4%11.2%9747 21.9%9.2%798 4.5%46.1%21Q1 4589 34.9%34.9%4223 43.9%43.9%366-21.8%-21.8%20Q4 25543 27.3%30.5%23215 33.6%44.4%2328-13.5%-28.3%20Q3 13906 24.7%29.8%12800 25.9%29.7%1106 12.1%31.5%20Q2 8759 21.9%27.1%7994 23.8%41.1%764 5.1%-52.7%20Q1 3402 14.4%14.4%2934 2.1%2.1%468 366.6%366.6%40 请参阅附注免责声明2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022()27 57 92 135 157 204 226 261 299 329 382 419 449 515 510-44%109%61%47%16%30%11%15%15%10%16%10%7%15%-1%()419 419 419 419 419 419 419 419 419 419 419 419 419 419 419EPS(/)0.07 0.14 0.22 0.32 0.38 0.49 0.54 0.62 0.71 0.79 0.91 1 1.07 1.23 1.21PE 6.7 18.2 8.5 5.5 4.3 3.6 3.3 6.4 5.0 7.1 5.4 5.0 4.4 3.7 4.3PE 8.4 24.3 10.4 6.2 5.2 4.2 7.0 9.6 8.5 8.1 7.0 5.7 4.9 4.1 4.9PE 5.5 16.3 7.6 4.5 3.8 3.4 2.7 4.9 4.0 6.3 4.8 4.4 4.1 3.5 3.985%70%74%77%79%79%79%78%79%78%77%75%74%73%74%ROE 19%15%12%16%17%19%18%16%16%16%16%16%16%16%14%/95%234%-18%-57%15%13%110%210%358%-132%27%-82%45%28%8%41 请参阅附注免责声明23-05 16163 14.8%-18.5%13855 11.7%8.3%398-1.7%123.1%23-04 13210 16.7%59.4%11326 12.5%38.7%340-10.4%-15.2%23-03 10843 20.9%62.4%9557 16.7%59.5%162-0.8%186.8%23-02 6211 30.2%60.0%5623 29.1%53.2%53-49.3%58.3%23-01 3358 12.4%12.4%3156 15.0%15.0%15-81.3%-81.3%22-12 39031 10.6%-9.3%33495 13.3%-8.7%1520 0.2%-14.7%22-11 34271 14.1%13.6%29637 17.0%10.9%1150 6.2%180.0%22-10 30356 14.1%48.8%26217 17.9%48.7%1010-2.2%108.1%22-09 27267 11.2%11.0%23789 15.4%11.8%754-17.1%-19.4%22-08 23938 11.2%27.5%20954 15.9%29.5%600-16.6%9.5%22-07 21719 9.7%-3.3%19080 14.7%3.3%577-17.3%-54.3%22-06 20245 10.8%15.1%17828 15.6%20.5%556-14.7%-51.6%22-05 14073 9.1%4.1%12407 13.6%3.6%405 19.1%-31.6%22-04 11318 10.3%21.7%10072 16.3%24.0%379 25.5%575.0%22-03 8966 7.7%15.7%8187 14.6%26.3%163-39.6%-70.8%22-02 4771 1.5%-13.5%4354 5.9%-10.0%104 52.9%0.0%22-01 2988 13.1%13.1%2744 18.2%18.2%80 81.8%81.8%21-12 35295 10.3%36.0%29557 14.3%51.3%1517-17.8%-8.4%21-11 30049 6.8%1.8%25330 9.8%6.9%1083-21.0%78.6%21-10 26604 7.5%-15.8%22245 10.2%-11.1%1033-23.1%-31.3%21-09 24528 10.1%1.9%20612 12.4%4.8%910-21.8%40.4%42 请参阅附注免责声明2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022()42 53 42-70 30 40 48 54 61 64 66 79 84 10336%26%-20%-264%-143%33%21%12%13%5%