1
2010
2
3
4
021-38794999 010-66105799
xia.hong@jpmf-sitico.com custody@icbc.com.cn
400-889-4888 95588
021-68881170 010-66105798
http://www.51fund.com
63,337,154.27 281,335,134.37 -131,355,343.48
18,260,522.14 374,515,172.83 -136,637,303.60
0.0269 0.4049 -0.1063
4.69% 42.03% -9.71%
0.2492 0.1473 -0.1028
682,221,880.42 1,069,630,159.87 998,436,704.71
1.2900 1.2322 0.90295
1. 2. 3.2.1
5.95% 1.40% 3.12% 0.88% 2.83% 0.52%
21.64% 1.17% 11.27% 0.78% 10.37% 0.39%
4.69% 1.16% -4.65% 0.79% 9.34% 0.37%
- - - - - -
- - - - - -
34.25% 1.09% -2.14% 1.09% 36.39% 0.00%
3.2.2
6
1. 2008 5 21 2008 5 21 2010 12 31
2. 2008 5 21 2008 11 207
3.2.3
0.500 32,632,766.55 10,769,285.24 43,402,051.79 0.500 32,632,766.55 10,769,285.24 43,402,051.79 8
4.1.1
2004 5 12 2007 10 8 “ ” 2.5 2010 12
4.1.2
2009-10-24 - 12
1999 7 2002 9 2002 10 2005 5 2005 5 2009 7 2009 7 2009 10 2010 12
9
4.3.1
,
4.3.2
2009 2009
4.3.3
4.4.1 2010 2 2009
2010
2010 7
4.4.210
2010
201011
2010
2010 “ ” (2011) 20629
2010 12 31
2010 12 31
2009 12 31
29,293,930.84 62,869,117.12
2,430,400.91 4,308,553.66
1,080,781.59 827,132.66
645,041,106.18 1,050,264,270.97
464,567,645.18 758,760,545.83
--
180,473,461.00 291,503,725.14
--
--
--
6,991,286.48 -
2,589,592.40 4,236,748.06
--
151,044.10 143,208.80
--
--
687,578,142.50 1,122,649,031.27
2010 12 31
2009 12 31 12
--
--
--
--
931,360.75 3,239,271.74
781,995.45 2,435,146.21
875,692.30 1,411,121.36
145,948.72 235,186.91
--
1,930,839.39 1,590,505.97
50,221.70 50,208.00
--
- 43,402,051.79
--
640,203.77 655,379.42
5,356,262.08 53,018,871.40
528,835,174.17 868,040,978.11
153,386,706.25 201,589,181.76
682,221,880.42 1,069,630,159.87
687,578,142.50 1,122,649,031.27
2010 1 1 2010 12 31
2010 1 1 2010 12
31
2009 1 1 2009 12
31
45,096,630.86 405,689,333.56
7,145,187.75 11,194,108.58
406,345.95 877,640.10
6,738,841.80 10,316,468.48
--
--
--
82,643,775.29 300,534,152.81
78,769,377.81 271,542,091.32
--
1,840,701.16 24,903,311.61
--
- 292,914.93
2,033,696.32 3,795,834.9513
-45,076,632.13 93,180,038.46
--
384,299.95 781,033.71
26,836,108.72 31,174,160.73
12,045,427.47 15,610,426.50
2,007,571.33 2,601,737.78
--
12,349,972.66 12,344,281.17
21,295.76 189,744.71
21,295.76 189,744.71
411,841.50 427,970.57
18,260,522.14 374,515,172.83
--
18,260,522.14 374,515,172.83
2010 1 1 2010 12 31
2010 1 1 2010 12 31 868,040,978.11 201,589,181.76 1,069,630,159.87
- 18,260,522.14 18,260,522.14
-339,205,803.94 -66,462,997.65 -405,668,801.59
54,110,708.58 11,014,580.41 65,125,288.99
-393,316,512.52 -77,477,578.06 -470,794,090.58
-- -
528,835,174.17 153,386,706.25 682,221,880.42
2009 1 1 2009 12 31 14
1,105,785,352.37 -107,348,647.66 998,436,704.71
- 374,515,172.83 374,515,172.83
-237,744,374.26 -22,175,291.62 -259,919,665.88
469,824,200.13 61,283,473.71 531,107,673.84
-707,568,574.39 -83,458,765.33 -791,027,339.72
- -43,402,051.79 -43,402,051.79
868,040,978.11 201,589,181.76 1,069,630,159.87
7.4.1
( ) ( ) [2008] 502 1,423,050,546.77 (2008) 062 2008 5 21 1,423,318,139.20 267,592.43
40%-70% 25%-55% 5% 80% 300 X50% X50%
15
2011 3 28
7.4.2
2006 2 15 38 ( ) [2010]5 XBRL 3 < > 2007 5 15 7.4.4
7.4.3
2010 2010 12 31
2010
7.4.4
7.4.5
7.4.5.1
7.4.5.2
7.4.5.3
7.4.6
[2002]128 [2004]78 [2005]102 [2005]107 [2008]1
(1)
(2)
(3) 20% 50% 20%
(4) 0.1% 16
7.4.7
( )
( )
( )
J.P. Morgan Investment Management Limited
( )
J.P. Morgan 8CS Investments (GP) Limited
( )
7.4.8
7.4.8.1
7.4.8.2
7.4.8.2.1
2010 1 1 2010 12 31
2009 1 1 2009 12 31
12,045,427.47 15,610,426.50
1,248,784.87 1,878,274.25
1.5%
X 1.5% /
7.4.8.2.2
2010 1 1 2010 12 31
2009 1 1 2009 12 31
2,007,571.33 2,601,737.78
0.25%
X 0.25% /
17
7.4.8.3 ( )
10,106,087.12 10,663,377.26
--- -
2009 1 1 2009 12 31 49,749,083.56 - - -147,700,000.00 51,790.18
7.4.8.4
7.4.8.5
2010 1 1 2010 12 31
2009 1 1 2009 12 31
29,293,930.84 360,450.19 62,869,117.12 807,224.79
7.4.8.6
7.4.8.7
7.4.9 2010 12 31
7.4.9.1 /
7.4.12.1.1
( )
600963
10/12/28 11/01/06
7.70 10.09 90,000693,000.00 908,100.00
601118
10/12/30 11/01/07 5.99 5.99 6,00035,940.00 35,940.00
300157
10/12/29 11/01/07 57.0057.00 50028,500.00 28,500.00 18
002537
10/12/31 11/01/10 40.0040.00 50020,000.00 20,000.00
300157
10/12/29 11/01/07 38.8038.80 50019,400.00 19,400.00
002536
10/12/31 11/01/11 36.0036.00 50018,000.00 18,000.00
002535
10/12/31 11/01/11 25.0025.00 50012,500.00 12,500.00
827,340.001,042,440.00
7.4.9.2
( )
600991
10/10/28
14.07 11/03/23 15.00 599,946 8,395,878.55 8,441,240.22
8,395,878.55 8,441,240.22
2010 12 31
7.4.9.3
7.4.10
(1)
(a)
(b)
( )
( ) ( )
( )
2010 12 31 547,171,865.96 97,869,240.22 (2009 12 31
768,608,270.97 281,656,000.00 )
(2009 )
19
(2)
1 464,567,645.18 67.57
464,567,645.18 67.57
2 180,473,461.00 26.25
180,473,461.00 26.25
- -
3 - -
4 - -
- -
5 31,724,331.75 4.61
6 10,812,704.57 1.57
7 687,578,142.50 100.00
A 7,620,462.00 1.12
B 77,635,609.62 11.38
C 280,478,969.86 41.11
C0 44,750,090.58 6.56
C1 16,042,782.00 2.35
C2 --
C3 3,935,100.00 0.58
C4 44,072,313.20 6.46
C5 27,395,771.85 4.02
C6 41,804,462.34 6.13
C7 74,114,163.59 10.86
C8 20,081,266.30 2.9420
C99 8,283,020.00 1.21
D --
E 5,800,000.00 0.85
F --
G 21,740,902.20 3.19
H 28,768,701.50 4.22
I 34,303,000.00 5.03
J --
K 8,220,000.00 1.20
L --
M --
464,567,645.18 68.10
1 749,985 19,154,616.90 2.81
2 781,808 19,076,115.20 2.80
3 504,490 16,042,782.00 2.35
4 649,940 14,942,120.60 2.19
5 250,000 14,040,000.00 2.06
6 249,975 12,983,701.50 1.90
7 316,060 12,926,854.00 1.89
8 700,000 12,831,000.00 1.88
9 299,981 12,053,236.58 1.77
10 250,000 11,875,000.00 1.74
8.4.1 2% 20
1 000024
78,041,976.09 7.30
2 000933
62,505,452.46 5.8421
3 600354
48,569,216.12 4.54
4 000983
48,423,328.85 4.53
5 000423
46,476,800.58 4.35
6 600036
41,134,558.11 3.85
7 000858
39,919,859.96 3.73
8 601111
38,255,301.39 3.58
9 000878
36,438,207.34 3.41
10 600079
35,097,026.14 3.28
11 002106
34,420,715.36 3.22
12 600104
34,402,981.14 3.22
13 600326
34,357,506.02 3.21
14 000568
34,029,214.46 3.18
15 600406
33,901,504.77 3.17
16 600583
33,751,044.63 3.16
17 000400
32,821,387.49 3.07
18 601601
31,630,281.23 2.96
19 600383
30,612,623.43 2.86
20 000630
30,536,274.88 2.85
21 600000
30,495,651.53 2.85
22 601318
30,366,096.65 2.84
23 600519
30,105,340.97 2.81
24 000422
29,957,890.30 2.80
25 600535
29,581,329.78 2.77
26 600048
29,350,557.45 2.74
27 000001
28,288,081.23 2.64
28 002091
27,542,830.28 2.57
29 600704
27,497,805.32 2.57
30 600030
27,364,255.78 2.56
31 600031
26,543,691.84 2.48
32 600537
26,478,355.34 2.48
33 002123
26,296,626.15 2.46
34 000792
26,180,585.52 2.45
35 600376
25,941,153.70 2.43
36 600518
25,627,306.50 2.40
37 600276
25,531,473.85 2.39
38 600809
25,333,117.00 2.37
39 002140
24,450,684.76 2.29
40 601001
24,291,141.95 2.27
41 002241
24,039,235.73 2.25
42 600585
23,189,628.10 2.17
43 000960
23,064,984.77 2.1622
44 000887
22,520,835.14 2.11
45 002146
22,112,402.37 2.07
46 000021
22,022,704.84 2.06
47 600673
21,859,072.28 2.04
8.4.2 2% 20
1 86,903,595.55 8.12
2 78,099,569.25 7.30
3 67,734,183.03 6.33
4 56,816,746.27 5.31
5 52,731,232.02 4.93
6 51,499,098.01 4.81
7 51,107,477.48 4.78
8 49,878,208.35 4.66
9 49,255,865.02 4.60
10 46,434,752.39 4.34
11 45,994,708.72 4.30
12 43,747,785.82 4.09
13 41,854,593.12 3.91
14 40,997,074.43 3.83
15 39,302,456.01 3.67
16 37,076,770.24 3.47
17 35,672,573.78 3.34
18 35,195,090.95 3.29
19 35,158,653.43 3.29
20 33,581,326.99 3.14
21 33,303,147.23 3.11
22 33,193,739.02 3.10
23 32,660,140.91 3.05
24 32,365,803.74 3.03
25 32,001,522.53 2.99
26 30,759,076.40 2.88
27 29,535,796.82 2.76
28 29,121,777.51 2.72
29 28,947,708.11 2.71
30 28,942,664.38 2.7123
31 28,707,038.48 2.68
32 28,291,120.37 2.64
33 28,167,160.11 2.63
34 27,982,349.22 2.62
35 27,627,344.89 2.58
36 27,415,956.58 2.56
37 26,558,172.96 2.48
38 26,533,381.31 2.48
39 26,258,136.47 2.45
40 25,995,008.84 2.43
41 25,931,457.14 2.42
42 24,683,747.51 2.31
43 23,904,169.94 2.23
44 23,438,484.56 2.19
45 23,225,429.38 2.17
46 23,125,788.03 2.16
47 23,010,750.09 2.15
48 22,900,271.01 2.14
49 22,804,402.90 2.13
50 22,562,437.48 2.11
51 22,263,343.17 2.08
52 21,981,557.13 2.06
53 21,885,194.99 2.05
54 21,689,693.31 2.03
8.4.3
3,853,047,287.82
4,182,010,054.46
1 1,025.00 0.00
2 79,531,000.00 11.66
3 - -24
- -
4 79,943,805.30 11.72
5 - -
6 20,997,630.70 3.08
7 - -
8 180,473,461.00 26.45
1 300,000 30,150,000.00 4.42
2 300,000 29,313,000.00 4.30
3 200,000 20,394,000.00 2.99
4 172,760 18,979,413.60 2.78
5 150,010 15,706,047.00 2.30
8.9.1
8.9.2
8.9.3
1 1,080,781.59
2 6,991,286.48
3 -
4 2,589,592.4025
5 151,044.10
6 -
7 -
8 -
9 10,812,704.57
8.9.4
1 18,979,413.60 2.78
8.9.5
8.9.6
15,508 34,100.80 154,718,750.78 29.26% 374,116,423.39 70.74%
1,423,318,139.20
868,040,978.11
54,110,708.58
393,316,512.5226
-
528,835,174.17
2010 2 3
2010 6 12
27
11.7
11.7.1
1 3,338,923,253.72 41.60% 2,712,900.11 40.57% 1 3,224,528,261.13 40.17% 2,740,832.15 40.99% 1 1,157,927,731.12 14.43% 984,232.53 14.72% 1 305,739,400.65 3.81% 248,414.88 3.72%
28
11.7.2
110,568,093.39 30.71% - - - -
224,246,787.90 62.28% 67,300,000.00 100.00% - -
23,291,484.20 6.47% - - - -
1,934,065.42 0.54% - - - -
