产业互联网研究系列：找钢网与上海钢联对比研究.pdf

| 2018 12 06 18 2010 2008 2012 2016 “ + ” “ + ” “ + ” “ + ” 2017 2219 23% 2017 4797 2017 510 2017 1140 2017 546 734 2018 50% / 2017 1.33 2018 868 2017 2.47 1.01 “ ” 2017 3229 2018 8737.4 2016 2017 4148 2018H1 6033 2018Q3 1 S0680518090001 liugaochanggszq S0680518050002 yangrangszq 1 2018-12-02 2 2018-11-28 3 2018-11-25 EPS P E 2017A 2018E 2019E 2020E 2017A 2018E 2019E 2020E 300226 0.30 0.87 1.50 2.32 168.77 58.20 33.75 21.82 -33% -27% -20% -13% -7% 0% 7% 13% 20% 2017-12 2018-04 2018-08 300 2018 12 06 P.2 . 3 “ + ” “ + ” . 7 . 8 . 9 . 10 1 . 3 2 . 3 3 . 4 4 . 4 5 . 5 6 . 6 7 . 6 8 . 7 9 . 7 10 . 8 11 . 8 12 . 9 13 / . 9 14 / . 9 15 . 10 16 . 10 2018 12 06 P.3 18 2010 2008 1 1 2 3 42.66% 2 2012A 2013A 2014A 2015A 2016A 2017A 756 1,366 7,362 21,195 41,091 73,448 162 264 59,841 106 13,608 158 198 187 195 162 188 249 149 135 158 113 73 177 2018 12 06 P.4 2012 2018 115 10 31 295 1300 “ ” “ ” 3 1 2 3 4 2015 2016 2017 0.18 1.01 1.40 0.30% 1.10% 0.80% 0.18 1.01 1.40 60.67 87.20 172.23 99.20% 96.80% 98.70% 0.23 2.35 3.28 0.33 1.86 0.89 0.50% 2.10% 0.50% -0.02 0.05 0.10 1 2018 12 06 P.5 2017 1.08 2219.11 2017 4.85 / 2 “ ” “ ” “ ” “ ” 2017 136.08 145% 1.58 11% 5 1 2015 2017 0.18 1.40 179.7% 2 2015 2017 61 172 67.9% 3. 2018 12 06 P.6 6 7 2016 2012 2013 3 F 5 2018 12 06 P.7 8 - - BCS “ + ” “ + ” “ + ” “ + ” “ + ” “ + ” “ + ” “ + ” “ ” “ + ” 9 + “ + ” “ + ” “ ”