1
2008 08 28
2
3
...............................................................................................................................................2
..................................................................................................................................4
..................................................................................... 11
..................................................................................................................12
...........................................................................................................................14
.......................................................................................................................15
.............................................................32
............................................................................40
........................................................................................................40
.......................................................................................................................41
.......................................................................................................................44
4
1
1
5
4
, 40 90% 5 55% 0 3%, 5%
2
6
3
?
7
? 1
2
PEG 30
30
ROE
3
8
?
9
? ?
5
? ? ?
10
69
11
12
2007 7 11
13
, 1999 7 2000 2003 2004 2008 7 2008 7 16
2007 7 11 2008 7 16
14
A A GDP A
15
16
17
7 13 7 14
18
19
20
21
B 2008 1-6
22
23
600 00
440 00
750
578 53
24
5,898,290 86
56,502 33
25
26
1,540
155,589 98
49,726 04
9,000
400
19,071 180,793.08
381,420.00
2008-7-18
46,153 221,072.87
299,994.50
2008-7-25
17,585 222,626.10
529,132.65
2008-8-12
21,837 184,741.02
185,614.50
2008-8-12
23,382 220,726.08
295,782.30
2008-8-11
81,297 815,408.91
788,580.90
2008-8-18
16,147 171,319.67
326,815.28
2008-8-18
22,243 242,671.13
240,669.26
2008-8-18
12,573 304,769.52
452,628.00
2008-8-20
39,463 275,451.74
483,421.75
2008-8-26
26,180 244,259.40
235,096.40
2008-8-22
79,719 1,251,588.30
971,774.61
2008-8-25
16,423 308,423.94
440,793.32
2008-8-22
47,488 1,070,379.52
1,920,414.72
2008-8-28
10,566 173,071.08
169,267.32
2008-9-5
13,026 209,067.30
190,830.90
2008-9-12
18,001 176,409.80
197,470.97
2008-9-12
22,142 577,463.36
1,074,994.10
2008-9-19
36,308 674,965.72
995,202.28
2008-9-25
19,865 207,787.90
390,148.60
2008-9-25
51,434 826,030.04
826,030.04 2008-10-8
27,500 441,650.00
441,650.00
2008-7-8
- 668,403 9,000,676.48 11,837,732.40 - -
27
( )
( )
( )
600089
460,760 7,068,850.69 6,892,969.60 2008-6-30
14.96 2008-7-1 15.24
600206
2,369,000 71,599,279.01 29,091,320.00 2008-6-30
12.28 2008-7-1 12.37
600269
84,010 1,438,592.47 822,457.90 2008-6-30
9.79 2008-7-1 9.85
600581
650,000 10,597,801.78 5,876,000.00 2008-6-30
9.04 2008-7-1 9.04
600832
1,900,828 34,507,159.45 20,148,776.80 2008-6-30
10.60
2008-7-1
10.78
600900
5,752,647 102,098,695.42 84,276,278.55 2008-5-8
14.65
600528
208,100 6,390,275.50 4,005,925.00 2008-6-30
19.25 2008-7-1 19.05
000707
4,053,564 72,042,514.05 45,845,808.84 2008-6-30
11.31 2008-7-1 11.70
000751
5,207,393 88,120,511.78 29,942,509.75 2008-6-30
5.75 2008-7-1 5.76
002254
36,308 674,965.72 995,202.28 2008-6-30
27.41 2008-7-1 28.28
- 20,722,610 394,538,645.87 227,897,248.72 - -
2
1
28
2008 6 30 ( )
2008 6 30 1 1 3 3 1 1
593,665,804.12 593,665,804.12
2,408,380.81 2,408,380.81
1,250,000.00 1,250,000.00
192,170,000.00 66,805,323.30 3,982,896,422.65 4,241,871,745.95
3,982,896,422.65 3,982,896,422.65
192,170,000.00 66,805,323.30 258,975,323.30
1,796,467.31 1,796,467.31
433,178,350.00 433,178,350.00
3,305,355.77 3,305,355.77
2,590,595.66 2,590,595.66
341,565.29 341,565.29
16,108.17 16,108.17
596,074,184.93 192,170,000.00 66,805,323.30 4,425,374,864.85 5,280,424,373.08
1,236,356.34 1,236,356.34
7,014,336.24 7,014,336.24
1,169,056.04 1,169,056.04
1,003,029.35 1,003,029.35
139,800.00 139,800.00
1,304,385.64 1,304,385.64
11,866,963.61 11,866,963.61
596,074,184.93 192,170,000.00 66,805,323.30 4,413,507,901.24 5,268,557,409.47
2007 12 31 ( )
2007 12 31
1 1 3 3 1 1
1,824,874,075.44 1,824,874,075.44
2,515,711.91 2,515,711.91
1,250,000.00 1,250,000.00
257,597,534.00 8,082,926,138.63 8,340,523,672.63
8,082,926,138.63 8,082,926,138.63
257,597,534.00 257,597,534.00
2,261,139.99 2,261,139.99
6,116,589.54 6,116,589.54
87,791,931.26 87,791,931.26
3,662,337.63 3,662,337.63
29
171,698.15 171,698.15
1,827,389,787.35 257,597,534.00 8,184,179,835.20 10,269,167,156.55
60,824,566.37 60,824,566.37
12,675,988.73 12,675,988.73
2,112,664.78 2,112,664.78
1,721,403.01 1,721,403.01
1,559,238.67 1,559,238.67
78,893,861.56 78,893,861.56
1,827,389,787.35 257,597,534.00 8,105,285,973.64 10,190,273,294.99
2008 6 30 4.92%(2007 12 31 2.53% )
2
2008 6 30
2007 12 31
4,241,871,745.95 80.52% 8,340,523,672.63 81.85%
- 3,982,896,422.65 75.60% 8,082,926,138.63 79.32%
- 258,975,323.30 4.92%257,597,534.00 2.53%
1,796,467.31 0.03% 2,261,139.99 0.02%
4,243,668,213.26 80.55%8,342,784,812.62 81.87%
2008 6 30 1 5% 2 Beta 3 Beta
30
100 100
5% 205,825 (2007 12 31 404,264 ) 5%
3
2008 6 30 2007 12 31
AAA 66,805,323.30 33,691,534.00
AA- AA+ A- A+ 66,805,323.30 33,691,534.00
-
4
31
2008 6 30
1 1 3 3 1 1 - - - - - -
593,665,804.12 - - - - 593,665,804.12
2,408,380.81 - - - - 2,408,380.81
1,250,000.00 - - - - 1,250,000.00
- - 192,170,000.00 66,805,323.30 3,982,896,422.65 4,241,871,745.95
- - - - 3,982,896,422.65 3,982,896,422.65
- - 192,170,000.00 66,805,323.30 - 258,975,323.30
- - - 1,796,467.31 - 1,796,467.31
- 375,378.28 2,929,634.17 343.32 - 3,305,355.77
433,178,350.00 - - - - 433,178,350.00
2,590,595.66 - - - - 2,590,595.66
341,565.29 - - - - 341,565.29
16,108.17 - - - - 16,108.17
1,033,450,804.05
375,378.28 195,099,634.17 68,602,133.93 3,982,896,422.65
5,280,424,373.08
- - - - - -
1,236,356.34 - - - - 1,236,356.34
7,014,336.24 - - - - 7,014,336.24
1,169,056.04 - - - - 1,169,056.04
1,003,029.35 - - -- 1,003,029.35
- - - - 139,800.00 139,800.00
4,659.60 - 49,726.04 1,250,000.00 1,304,385.64
10,427,437.57 - 49,726.04 - 1,389,800.00 11,866,963.61
1,023,023,366.48 375,378.28 195,049,908.13 68,602,133.93 3,981,506,622.65 5,268,557,409.47
2007 12 31 1 1 3 3 1 1 - - - - - -
1,824,874,075.44 - - - - 1,824,874,075.44
2,515,711.91 - - - - 2,515,711.91
1,250,000.00 - - - - 1,250,000.00
- - 0.00257,597,534.008,082,926,138.63 8,340,523,672.63
- - - - 8,082,926,138.63 8,082,926,138.63
- - - 257,597,534.00 - 257,597,534.00
- - - 2,261,139.99 - 2,261,139.99
87,791,931.26 - - - 87,791,931.26
598,717.49 105,830.14 210,507.66 5,201,534.25 - 6,116,589.54
3,662,337.63 - - - - 3,662,337.63
32
171,698.15 - - - - 171,698.15
1,920,864,471.88 105,830.14 210,507.66 265,060,208.24 8,082,926,138.63 10,269,167,156.55
- - - - - -
60,824,566.37 - - - - 60,824,566.37
12,675,988.73 - - - - 12,675,988.73
2,112,664.78 - - - - 2,112,664.78
1,721,403.01 - - - - 1,721,403.01
229,238.67 - 80,000.00 - 1,250,000.00 1,559,238.67
77,563,861.56 - 80,000.00 - 1,250,000.00 78,893,861.56
1,843,300,610.32 105,830.14 130,507.66 265,060,208.24 8,081,676,138.63 10,190,273,294.99
3,982,896,422.65 75.43%
258,975,323.30 4.90%
596,074,184.93 11.29%
440,681,974.89 8.35%
5,280,424,373.08 100.00%
54,973,460.77 1.04% 332,403,611.90 6.31% 1,400,407,496.46 26.58% 140,863,698.66 2.67% 235,096.40 0.00% 1,349,664.61 0.03% 240,669.26 0.01% 273,082,517.46 5.18% 13,594,221.00 0.26% 376,411,273.96 7.14% 142,795,596.50 2.71% 422,450,057.71 8.02% 29,384,700.90 0.56%
33
94,214,750.95 1.79% 173,071,668.47 3.29% 552,502,678.12 10.49% 228,287,883.30 4.33% 51,258,721.69 0.97% 768,304,401.65 14.58% 173,656,796.90 3.30% 92,302,462.83 1.75% 27,767,162.81 0.53% 33,745,326.80 0.64% 3,982,896,422.65 75.60%
34
35
36
37
38
402,205,225.01 277,761,140.99 163,306,176.02 150,139,528.81 139,568,350.39 128,063,163.83 120,431,455.94 104,551,815.26 101,075,402.14 78,425,364.62 77,422,664.08 67,513,340.59 67,281,022.57 56,759,751.17 53,260,668.98 52,556,126.83 50,598,777.14 39,810,501.83 37,612,954.36 31,664,060.67
2008-1-1 2008-6-30
39
29,256,000.00 0.5553%
192,170,000.00 3.6475%
37,549,323.30 0.7127%
258,975,323.30 4.9155%
08 25 144,120,000.00 2.7355%
08 13 48,050,000.00 0.9120%
06 08 29,256,000.00 0.5553%
06 27,537,000.00 0.5227%
08 5,262,175.60 0.0999%
1,250,000.00 433,178,350.00 2,590,595.66
3,305,355.77 341,565.29 16,108.17 440,681,974.89
40
0.0206%
0.0065%
0.0061%
0.0010%
273,707 25,003.25 71,108,595.13
1.04% 6,772,457,161.80
98.96%
41
1 8
14 1
42
3
1 5
2
3
4
5
4
43
1
2
3
“
44
” 2008 08 28
