5-1-1
1.
2.
3.
4.
5.
5-1-2
11.
( )
4900 49%
3000 30%
2100 21%
10,000 100%
10
2005 2 1 2006 12 15 2008 4 23 2008 11 5 2009 5 6 2009 12 30 2010 5 11 2010 6 29
5-1-3
5-1-4
2008 7
5-1-5
1.
55
1984 1 1
334,018,850,026
010-66105799
2010 12 133 30 95%
1998 QFII QDII QDII ESCROW 2010 12
5-1-6
198 8 190 2003 23 2010
1.
2.
5-1-7
5-1-8
5-1-9
196
5-1-10
5-1-11
5-1-12
5-1-13
5-1-14
5-1-15
5-1-16
5-1-17
5-1-18
- www.txjijin.com
5-1-19
5-1-20
5-1-21
3.
5-1-22
5-1-23
1
5-1-24
5-1
EG
REG
RG
ROE
EROE
ROA
NAV
12 EG ERG RG ROE EROE ROA NAV
wwwwwww N-3 20% N-2 30%
N-1 50%
GI GI=
EG REG RG ROE EROE ROA NAV
EG REG RG ROE EROE ROA NAV wwwwwww ×+×+×+×+ ×+×+× (GI) N%
1
5-1-25
5-2
PE
PB
PS
PCF EV/EBITDA
2
12 PE PB PS PCF EV/EBITDA
wwwww N-3 20% N-2 30% N-1 50%
3
VI VI=
PE PB PS PCF EV/EBITDA
PE PB PS PCF EV/EBITDA wwww w ×+×+×+×+ × (VI) M% M% N%
/
5-1-26
21~25 14~20 7~13 0~6 = + + + /
/ / 21~25 14~20 7~13 0~6 6~10 1~5 -10~0 = + + + +
3.
5-1-27
5-1-28
201,218,300.81 87.24
201,218,300.81 87.24
- -
- -
- -
- -
- -
- -
27,576,062.95 11.96
1,853,213.19 0.80
230,647,576.95 100.00
- -
- -
160,563,094.81 69.91
43,277,315.50 18.84
- -
- -
3,847,800.00 1.68
45,843,456.91 19.96
6,516,576.00 2.84
28,502,525.20 12.41
7,430,000.00 3.24
25,145,421.20 10.95
- -
5-1-29
- -
24,199,698.00 10.54
- -
10,861,500.00 4.73
5,594,008.00 2.44
- -
- -
- -
- -
- -
201,218,300.81 87.61
1 002140 473,180 19,447,698.00 8.47
2 600143 1,147,000 18,478,170.00 8.05
3 600111 170,000 12,144,800.00 5.29
4 000848 460,000 11,845,000.00 5.16
5 600809 139,950 9,590,773.50 4.18
6 002080 208,718 8,640,925.20 3.76
7 000792 119,930 7,944,163.20 3.46
8 600585 260,000 7,716,800.00 3.36
9 000581 200,000 7,430,000.00 3.24
10 002254 200,000 6,818,000.00 2.97
5-1-30
319,509.65
578,542.79
-
4,677.91
950,482.84
-
-
-
1,853,213.19
, ,
14.03% 1.23% 17.31% 1.31% -3.28% -0.08%
= 200 50%+ 50% 75%+ 25% 2010 12 31
2 2010 06 29 2010 9 30
5-1-31
2010 6 29
1.
580001 580002 580003 A 582001 C 582201 580005 580006 A
583001 B 583101
2
5-1-32
5-1-33
1 2 100 1.5% 100 -200 1.2% 200 -500 0.8% 500 1000 3 0.5% 0.25% 0 25%
5-1-34
1)
2)
3)
4) 0.1%
3
5-1-35
9 2010
12 31 (1) 2010 7 30
(2) 2010 7 31
(3) 2010 8 3
(4) 2010 8 12
(5) 2010 9 3
(6) 2010 9 16
(7) 2010 9 20
(8) 2010 9 28
(9) 2010 10 14
(10) 2010 10 26 2010 3
(11) 2010 11 13
5-1-36
(12) 2010 11 17
(13) 2010 11 25
(14) 2010 11 30
(15) 2010 12 1
(16) 2010 12 20
