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1 2(“”) (“ ”) (“ ”)(“”)(“”) 3 (“”)










































































3 - 2













































































3 - 3


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3 - 4 15 16 17 18 19 20 21 22 23 24 25 26 27










































































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3 - 6 43() 10% 44 45 46 47 48 49 50 51 52A// 53C// 54 C C
















































































3 - 7


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3 - 9


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3 - 10 1 2 3 4













































































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3 - 15 2 4 A 5 6 7 1 2 3 4 5 6










































































3 - 16 7 123567 1 2 3 4 5 5 4 1 (










































































3 - 17 ) 10% 2 1 2 10% 3 2() 20 3 3 1 2 1 1













































































3 - 18 3 1













































































3 - 19













































































3 - 20





8 17 2005 11 16 2005172 2 021- 20376868


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3 - 21 9


10


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12 13 14 15 16 15 17 18, 19 20 21 22










































































3 - 23 23


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3 - 27


1 1 2 3 4 5 6 7 8 9 10 11 10% 10% 12 13 2 1










































































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3 - 30 1 1 2 50% 50% 2 1 2 2 3 50% 50%


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3 - 32 50% 50% 2 30 2 1 50% 50% 2 2 1













































































3 - 33 1 2 3 4, 2 5 2













































































3 - 34













































































3 - 35





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1 10% 10% 2 6 3 4 5 2 6


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3 - 37 3 2













































































3 - 38
















































































3 - 39


1 2 3 4 5 1 2 3 20 4










































































3 - 40 5 6 7













































































3 - 41




















() 80%-95% 80% 0%-3% 5% A 2015 2025










































































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3 - 44 2





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3 - 47 1 1 10 12 BBB( BBB) 3 13 14 40% 1 15 140%


16 10 6 2 1 2 3 4 5 6













































































3 - 48 7 = *90%+*10%


800 A*90%+ *10% 1 2













































































3 - 49 3 4













































































































































































3 - 50
















































































3 - 51


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3 - 54 2 3(“”) 4 3 1 2 3 4 4 1 2 0.25% 0.5% 3













































































3 - 55 1 2 3 4 1 5


2













































































3 - 56


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3 - 57 H E 5 3 C 0.5% H=EC H C E C C 5 “ 410 1 2 3 4













































































3 - 58













































































3 - 59


1 2 3 4 20% 3 4 5 6 2













































































3 - 60 15













































































3 - 61


1 2 1 1 12 31 2 3 4 5 6 7 1 2 3 2













































































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3 - 63 2 6 45 15 3 3













































































3 - 64 90 60 15 2 2 2 1 2 3 4 5 6 7













































































3 - 65 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28













































































3 - 66 XBRL 10













































































3 - 67













































































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3 - 69 3 4 1 2 3 4 5 6 7 5 6 5 15













































































3 - 70


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3 - 71
















































































3 - 72


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3 - 73













































































3 - 74


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3 - 75 5 6 7 8 9


1 1 2 3 4 5 6 7 8


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3 - 79 4 5 6 7 8 9 10 11 15 12 13 14 15 16 17 18










































































3 - 80 19 20 21 22 1 1 2 3 4 5 6 7 8 9 10 11 10% 10%










































































3 - 81 12 13 2 1 2 3 4 5 6 7 8 9 1 2 3 10 60










































































3 - 82 60 4 10% 10% 10 60 10% 10% 10 60 5 10% 10% 10% 10% 30 6 1 30 1 2 3 4 5 6 7













































































3 - 83 2 3 1 1 2 50% 50% 2 1 2 2










































































3 - 84 3 50% 50%


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3 - 85 2 1 50% 50% 2 30 2 1 50% 50% 2 2













































































3 - 86 1 1 2 3 4, 2













































































3 - 87 5 2 1 2 3 4 20% 3 4 5










































































3 - 88 6 2 15 1 2 3 C 4 5 6 7 8 9 10













































































3 - 89 1


1.5% HE H E 5 2 0.25% HE H E 5 3 C 0.5% H=EC H C E C C 5










































































3 - 90 410 1 2 3 4 () 80%-95% 80% 0%-3%










































































3 - 91 5% 1 1 80%-95% 80% 0%-3% 2 5 3 10 4 10 5 3 6


10 7 0.5 8 10 9 20 10() 10 11 10













































































3 - 92 12 BBB( BBB) 3 13 14 40% 1 15 140%


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3 - 93 1 2










































































3 - 94 1 2 6 3 4 1 30 2 3 4 1 2 3 4 5










































































3 - 95 6 7 5 6 5 15













































































3 - 96













































































3 - 97