1.
2.
3.
4.
5.
5-1-1
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 2011 2 1 5-1-2
5-1-3
2008 7 5-1-4
1.
55
1984 1 1
349,018,545,827
010-66105799
2011 6 145 30 95%
1998 QFII QDII 5-1-5
QDII ESCROW 2011 6 219 7 212 2003 26
1.
2.
5-1-6
5-1-7
5-1-8
5-1-9
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
5-1-19
5-1-20
5-1-21
3.
5-1-22
5-1-23
5-1-24
1
5-1
5-1-25
EG
REG
RG
ROE
EROE
ROA
NAV
12 N-3 20% N-2 30%
N-1 50% EG ERG RG ROE EROE ROA NAV
wwwwwww
GI GI= (GI) N%
EG REG RG ROE EROE ROA NAV
EG REG RG ROE EROE ROA NAV wwwwww ×+×+×+×+ ×+×+×w
1
5-2
PE
PB
PS
PCF EV/EBITDA
2
5-1-26
12 N-3 20% N-2 30% N-1 50%
PE PB PS PCF EV/EBITDA
wwwww 3
VI VI= (VI) M% M% N%
PE PB PS PCF EV/EBITDA
PE PB PS PCF EV/EBITDA wwww w ×+×+×+×+ ×
/ 21~25 14~20 7~13 0~6 = + + + 5-1-27
/
/ / 21~25 14~20 7~13 0~6 6~10 1~5 -10~0 = + + + +
3.
5-1-28
5-1-29
169,102,592.47 74.46
169,102,592.47 74.46
- -
- -
- -
- -
- -
- -
57,756,436.75 25.43
238,936.83 0.11
227,097,966.05 100.00
- -
7,082,000.00 3.13
130,317,397.64 57.69
25,809,873.90 11.43
- -
- -
- -
49,137,997.27 21.75
7,174,622.40 3.18
15,028,488.36 6.65
6,588,553.33 2.92
26,577,862.38 11.76
- -
- -
21,660,465.60 9.59
- -
2,066,000.00 0.91
2,172,729.23 0.96
- -
- -
- -
- -
5,804,000.00 2.57
169,102,592.47 74.86
5-1-30
1 002140 789,088 21,660,465.60 9.59
2 600143 1,057,000 17,398,220.00 7.70
3 600111 180,000 12,857,400.00 5.69
4 600809 139,950 9,803,497.50 4.34
5 002214 159,720 7,174,622.40 3.18
6 600803 542,982 7,129,353.66 3.16
7 000792 119,930 7,075,870.00 3.13
8 000596 83,430 6,631,016.40 2.94
9 600315 167,267 5,954,705.20 2.64
10 000869 60,000 5,928,000.00 2.62
185,471.83
-
-
10,401.73
43,063.27
-
-
-
238,936.83
5-1-31
(%)
1 600315
5,954,705.20 2.64
, ,
14.03% 1 % 17.31% 1.3 % -0.08% .23 1% -3.28
-4.17% 1.11% -4.92% 1.04% 0.75% 0.07%
9.28% 1 % 1 1.1 -1.87% -0.02% .17 1.15% 9%
= 200 + 50% 75%+ 25% 2011 6 30
2 06 29 2011 6 30 50%
2010 5-1-32
580001 580002 580003 A 582001 C 582201 580005 580006 A
583001 B 583101
2
2010 6 29
1.
5-1-33
5-1-34
1 2 100 1.5% 100 -200 1.2% 200 -500 0.8% 500 1000 3 0.5% 0.25% 0 25% 5-1-35
2)
3)
0.1%
(1) 2010 12 31 1) 4) 3 7 5-1-36
(
(2) 2011 1 6 3) 2011 1 18
(4) 2011 1 24 2010 4
(5) 2011 1 31 (6) 2011 2 17
(7) 2011 3 7
(8) 2011 3 17
(9) 2011 3 26
(10) 2011 3 29
(11) 2011 3 31
(12) 2011 4 6
(13) 2011 4 7
(14) 2011 4 8 5-1-37
(15) 2011 4 12
2011 5 5 2011 5 27 2011 6 23
(16) 2011 4 21 2011 1
(17)
(18)
(19) 2011 6 13
(20) 2011 6 22
(21)
5-1-38
