2011
2011 12 31
2011
,
, 2012 3 26 ,
,
,
2011 1 1 12 31
1
2011
1.2 ................................................................................................................ 1
............................................................................................................................ 1
............................................................................................................................ 4
.................................................................................................................... 4
.................................................................................................................... 4
................................................................................................. 4
.................................................................................................................... 5
.................................................................................................................... 5
............................................................. 5
................................................................................................. 5
.................................................................................................................... 6
......................................................................................... 7
........................................................................................................................ 7
............................................................................................. 7
..................................................... 9
................................................................. 9
................................................. 9
............................................... 10
............................................................... 11
........................................................... 12
............................................................... 12
...................................................................................................................... 12
................................................................... 12
12
................... 13
.......................................................................................................................... 13
............................................................................................... 13
.......................................................................................................... 13
.......................................................................................................................... 14
.................................................................................................................. 14
...................................................................................................................... 14
.............................................................................................................................. 15
................................................................................... 16
.......................................................................................................................... 17
.................................................................................................................. 36
.................................................................................................. 36
................................................................................... 36
....................... 37
............................................................................... 38
........................................................................... 39
................... 39
....... 40
................... 40
2
2011
.......................................................................................................... 40
...................................................................................................... 41
....................................................................... 41
............................................... 41
...................................................................................................... 41
.................................................................................................................. 41
............................................................................................... 41
............................... 42
................................................... 42
...................................................................................................... 42
........................................................................... 42
........................................... 42
11.7 ....................................................................... 42
.................................................................................................................. 44
................................................................................... 47
.................................................................................................................. 47
.................................................................................................................. 47
.......................................................................................................................... 47
.......................................................................................................................... 48
3
2011
021-50509888-8219 010-66105799
huangzhp@scfund.com.cn custody@icbc.com.cn
021-50509666 / 400-821-0588 95588
4
2011
021-50509888-8211 010-66105798
279 55
279 55
200135 100140
www.scfund.com.cn
130
279
-667,224.98 30,538,855.54
-49,528,707.47 50,306,413.55
-0.2424 0.1535
-23.99% 14.50%
-22.87% 14.03%
-32,623,083.84 17,096,351.95
-0.1671 0.0804
162,608,834.36 229,670,556.62
0.833 1.080
-12.05% 14.03%
5
2011
3.2.1
-12.32% 1.20% -11.00% 1.22% -1.32% -0.02%
-19.52% 1.08% -21.39% 1.15% 1.87% -0.07%
-22.87% 1.09% -24.39% 1.10% 1.52% -0.01%
-12.05% 1.14% -13.02% 1.18% 0.97% -0.04%
=75%* 200 50%+ 50% +25%*
3.2.2
3.2.3
6
2011
---- 0.600 10,017,917.38 2,899,960.64 12,917,878.02 0.600 10,017,917.38 2,899,960.64 12,917,878.02
4.1.1
2003 82 2004 9 1
7
2011
2011 12 31 11 2 5 1 2 1
2011 2825 2199 22% 15.16% 2011 142.3 2010 30%
4.1.2
8
2011
1
2
4.3.1
4.3.2
4.3.3
4.4.1 2011 3 A 2011
2011 A 2012 9
2011
2011
4.4.2 0.833 0.893 -22.87% -24.39%
2012
2012 A 2011
3-5
10
2011
2012
A 2012
1
2
3 2011
11
2011
2011
2011
12
2011
2011
W[2012]A352
2011 12 31 2011
:(1) (2)
13
2011
2011 12 31 2011
130
2012-03-12
2011 12 31
2011 12 31
2010 12 31
7.4.7.1 33,077,759.83 26,841,453.57
445,751.15 734,609.38
272,946.39 319,509.65
129,631,070.69 201,218,300.81
129,631,070.69 201,218,300.81
--
--
--
--
--
- 578,542.79
6,787.17 4,677.91
--
395.24 950,482.84
--
14
2011
--
163,434,710.47 230,647,576.95
2011 12 31
2010 12 31
--
--
--
--
--
93,916.91 146,673.87
220,317.29 300,477.77
36,719.54 50,079.63
--
84,642.68 219,236.28
--
--
--
--
390,279.69 260,552.78
825,876.11 977,020.33
195,231,918.20 212,574,204.67
-32,623,083.84 17,096,351.95
162,608,834.36 229,670,556.62
163,434,710.47 230,647,576.95
2011 12 31 0.833 195,231,918.20
2011 1 1 2011 12 31
2011 1 1 2011 12
31
2010 6 29 2010 12 31
15
2011
-44,980,445.08 54,769,428.03
327,970.71 815,931.35
327,970.71 657,596.73
- 6,849.31
--
- 151,485.31
--
3,298,072.75 33,737,546.04
2,542,586.47 33,643,850.75
--
- 18,695.29
--
--
755,486.28 75,000.00
-48,861,482.49 19,767,558.01
--
254,993.95 448,392.63
4,548,262.39 4,463,014.48
3,106,732.58 2,663,883.43
517,788.68 443,980.59
--
514,966.13 1,090,920.96
--
--
408,775.00 264,229.50
-49,528,707.47 50,306,413.55
--
-49,528,707.47 50,306,413.55
2011 1 1 2011 12 31
16
2011
2011 1 1 2011 12 31
212,574,204.67 17,096,351.95 229,670,556.62
- -49,528,707.47 -49,528,707.47
-17,342,286.47 -190,728.32 -17,533,014.79
198,840,016.82 5,113,510.11 203,953,526.93
-216,182,303.29 -5,304,238.43 -221,486,541.72
-- -
195,231,918.20 -32,623,083.84 162,608,834.36
2010 6 29 2010 12 31 434,036,741.03 - 434,036,741.03
- 50,306,413.55 50,306,413.55
-221,462,536.36 -20,292,183.58 -241,754,719.94
101,499,112.22 15,454,297.54 116,953,409.76
-322,961,648.58 -35,746,481.12 -358,708,129.70
- -12,917,878.02 -12,917,878.02
212,574,204.67 17,096,351.95 229,670,556.62
7.1 7.4
7.4.1
[2010]568 2010 6 29 434,036,741.03
17
2011
7.4.2
2006 2 15 38 2010 2 8 XBRL 3 < >
7.4.3
7.4.4
7.4.4.1
1 1 12 31
7.4.4.2
7.4.4.3
1
( )
2
7.4.4.4
18
2011
7.4.4.5
( )
(1)
(2)
(3)
7.4.4.6
7.4.4.7
7.4.4.8
19
2011
/( )
7.4.4.9 /( )
7.4.4.10
7.4.4.11
1
2 10%
3 3
4
5 15
6
7
7.4.4.12
(1)
20
2011
(2)
(a) [2006]37
(b) [2008]38 (SAC)
(c) [2007]21 < >
7.4.5
7.4.5.1
7.4.5.2
7.4.5.3
7.4.6
1
2008 9 19 21
2011
0.1%
[2005]103 ,
2
[2004]78 , 2004 1 1
[2005]103 ,
[2008]1
3
[1998]55 ,
, 20%
[2005]107 2005 6 13 [2005]102
50
[2005]103 ,
7.4.7
7.4.7.1
2011 12 31
2010 12 31 22
2011
33,077,759.83 26,841,453.57
--
--
33,077,759.83 26,841,453.57
7.4.7.2
158,724,995.17 129,631,070.69 -29,093,924.48
---
--- ---
---
---
---
158,724,995.17 129,631,070.69 -29,093,924.48
2010 12 31
181,450,742.80 201,218,300.81 19,767,558.01
---
--- ---
---
---
---
181,450,742.80 201,218,300.81 19,767,558.01
7.4.7.3 /
/
7.4.7.4
7.4.7.4.1
7.4.7.4.2
7.4.7.5
23
2011
2011 12 31 2010 12 31
6,586.57 4,420.71
- -
- -
200.60 257.20
- -
- -
- -
- -
6,787.17 4,677.91
7.4.7.6
7.4.7.7
2011 12 31
2010 12 31 84,642.68 219,236.28
--
84,642.68 219,236.28
7.4.7.8
2011 12 31
2010 12 31
- -
279.69 552.78
- -
- -
90,000.00 80,000.00
- -
300,000.00 180,000.00
390,279.69 260,552.78
7.4.7.9
2011 1 1 2011 12 31
212,574,204.67 212,574,204.67
198,840,016.82 198,840,016.82
-216,182,303.29 -216,182,303.29
24
2011
195,231,918.20 195,231,918.20
1
2
7.4.7.10
17,602,076.57 -505,724.62 17,096,351.95
-667,224.98 -48,861,482.49 -49,528,707.47
-1,783,046.16 1,592,317.84 -190,728.32
19,254,270.69 -14,140,760.58 5,113,510.11
-21,037,316.85 15,733,078.42 -5,304,238.43
---
15,151,805.43 -47,774,889.27 -32,623,083.84
7.4.7.11
2011 1 1 2011 12 31
2010 6 29 2010 12 31
316,169.92 647,850.30
--
- 3,349.99
2,739.10 6,396.44
9,061.69 -
327,970.71 657,596.73
7.4.7.12
2011 1 1 2011 12 31
2010 6 29 2010 12 31
178,562,833.92 310,598,944.74
176,020,247.45 276,955,093.99
2,542,586.47 33,643,850.75
7.4.7.13
2011 1 1 2011 12 31
2010 6 29 2010 12 31
25
2011
- 17,870,360.00
- 17,816,103.07
- 35,561.64
- 18,695.29
7.4.7.14
7.4.7.14.1
7.4.7.15
2011 1 1 2011 12 31
2010 6 29 2010 12 31
755,486.28 75,000.00
--
755,486.28 75,000.00
7.4.7.16
2011 1 1 2011 12 31
2010 6 29 2010 12 31
-48,861,482.49 19,767,558.01
-48,861,482.49 19,767,558.01
--
--
--
--
--
--
-48,861,482.49 19,767,558.01
7.4.7.17
2011 1 1 2011 12 31
2010 6 29 2010 12 31
178,919.35 445,712.28
76,074.60 2,678.97
- 1.38
26
2011
254,993.95 448,392.63
7.4.7.18
2011 1 1 2011 12 31
2010 6 29 20
10 12 31
514,966.13 1,090,920.96
--
514,966.13 1,090,920.96
7.4.7.19
2011 1 1 2011 12 31
2010 6 29 2010 12 31
90,000.00 80,000.00
300,000.00 180,000.00
775.00 329.50
18,000.00 3,000.00
-9 0 0 . 0 0
408,775.00 264,229.50
7.4.8
7.4.8.1
7.4.8.2
7.4.9
7.4.10
7.4.10.1
7.4.10.1.1
27
2011
2011 1 1 2011 12 31
2010 6 29 2010 12 31
64,819,574.72 19.57% 480,115,154.60 62.43%
7.4.10.1.2
7.4.10.1.3
2011 1 1 2011 12 31
2010 6 29 2010 12 31
- - 17,870,360.00 50.04%
7.4.10.1.4
2011 1 1 2011 12 31
2010 6 29 2010 12 31
- - 410,000,000.00 82.66%
7.4.10.1.5
2011 1 1 2011 12 31
2010 6 29 2010 12 31 28
2011
1
7.4.10.2
7.4.10.2.1
2011 1 1 2011 12 31
2010 6 29 2010 12 31
3,106,732.58 2,663,883.43
803,357.17 586,314.55
1.5%
X 1.5% /
7.4.10.2.2
2011 1 1 2011 12 31
2010 6 29 2010 12 31
517,788.68 443,980.59
0.25%
X 0.25% /
7.4.10.3 ( )
7.4.10.4
7.4.10.4.1
2011 1 1 2011 12
2010 6 29 29
2011
31 2010 12 31
- 9,999,600.00
10,550,036.70 -
--
- 550,436.70
--
10,550,036.70 10,550,036.70
5.4% 4.96%
7.4.10.4.2
7.4.10.5
2011 1 1 2011 12 31
2010 6 29 2010 12 31
7.4.10.6
7.4.11
7.4.12 2011 12 31
7.4.12.1 /
/
7.4.12.2
- 159,720 5,851,440.08 4,766,044.80 -
30
2011
- 300,000 4,017,222.88 2,559,000.00 -
7.4.12.3
7.4.12.3.1
7.4.12.3.2
7.4.13
7.4.13.1
A
80% 20%
,
7.4.13.2
31
2011
7.4.13.3
10% 10% 7.4.12 40%
( )
7.4.13.4
32
2011
7.4.13.4.1
7.4.13.4.1.1
3
-1
1-5
5
33,077,759.83 - - - - - 33,077,759.83
445,751.15 - - - - - 445,751.15
- - - - - 272,946.39 272,946.39
- - - - - 129,631,070.69 129,631,070.69
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - 6,787.17 6,787.17
- - - - - - -
- - - - - 395.24 395.24
- - - - - - -
33,523,510.98 - - - - 129,911,199.49 163,434,710.47
- - - - - - -
- - - - - - -
- - - - - 93,916.91 93,916.91
33
2011
- - - - - 220,317.29 220,317.29
- - - - - 36,719.54 36,719.54
- - - - - - -
- - - - - 84,642.68 84,642.68
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - 390,279.69 390,279.69
- - - - - 825,876.11 825,876.11
33,523,510.98 - - - - 129,085,323.38 162,608,834.36
1
1 3
3 1
1 5
5
26,841,453.57 - - - - - 26,841,453.57
734,609.38 - - - - - 734,609.38
- - - - - 319,509.65 319,509.65
- - - - - 201,218,300.81 201,218,300.81
- - - - - 578,542.79 578,542.79
- - - - - 4,677.91 4,677.91
950,482.84 - - - - - 950,482.84
28,526,545.79 - - - - 202,121,031.16 230,647,576.95
- - - - - 146,673.87 146,673.87
- - - - - 300,477.77 300,477.77
- - - - - 50,079.63 50,079.63
- - - - - 219,236.28 219,236.28
- - - - - 260,552.78 260,552.78
- - - - - 977,020.33 977,020.33
28,526,545.79 - - - - 201,144,010.83 229,670,556.62
7.4.13.4.1.2
34
2011
7.4.13.4.2
7.4.13.4.3
7.4.13.4.3.1
2011 12 31
2010 12 31 129,631,070.69 79.72 201,218,300.81 87.61
-- - -
-- - -
129,631,070.69 79.72 201,218,300.81 87.61
60%-95% 0-35% 5%
7.4.13.4.3.2
2011 12 31 2010 12 31 beta 0.90 10 beta 0.68, 2010 6 29
7.4.14
35
2011
1 129,631,070.69 79.32
129,631,070.69 79.32
2 - -
- -
- -
3 - -
4 - -
- -
5 33,523,510.98 20.51
6 280,128.80 0.17
7 163,434,710.47 100.00
A 2,300,595.78 1.41
B 10,257,300.00 6.31
C 93,002,650.91 57.19
C0 14,163,561.68 8.71
C1 251,775.00 0.15
C2 - -
C3 - -
C4 38,146,844.93 23.46
C5 9,566,044.80 5.88
C6 7,699,810.50 4.74
C7 6,195,750.00 3.81
C8 16,978,864.00 10.44
C99 - -
D - -
E 15,389,024.00 9.46
F - -
36
2011
G 4,581,000.00 2.82
H 1,605,500.00 0.99
I - -
J - -
K 2,495,000.00 1.53
L - -
M - -
129,631,070.69 79.72
1 669,088 15,389,024.00 9.46
2 1,037,000 13,408,410.00 8.25
3 83,430 7,173,311.40 4.41
4 167,267 5,702,132.03 3.51
5 200,000 4,800,000.00 2.95
6 159,720 4,766,044.80 2.93
7 150,000 4,684,500.00 2.88
8 120,000 4,515,600.00 2.78
9 300,000 4,380,000.00 2.69
10 199,916 4,164,250.28 2.56
11 419,910 3,921,959.40 2.41
12 190,000 3,813,300.00 2.35
13 350,000 3,605,000.00 2.22
14 320,000 3,590,400.00 2.21
15 110,000 3,516,700.00 2.16
16 95,071 3,232,414.00 1.99
17 329,970 3,184,210.50 1.96
18 100,000 3,177,000.00 1.95
19 150,000 2,890,500.00 1.78
20 100,000 2,839,000.00 1.75
21 200,000 2,826,000.00 1.74
22 300,000 2,781,000.00 1.71
23 300,000 2,559,000.00 1.57
24 100,000 2,495,000.00 1.53
25 75,000 2,463,750.00 1.52
26 99,939 2,300,595.78 1.41
37
2011
27 100,000 1,800,000.00 1.11
28 200,000 1,760,000.00 1.08
29 60,000 1,624,800.00 1.00
30 50,000 1,605,500.00 0.99
31 99,977 1,549,643.50 0.95
32 65,000 1,511,250.00 0.93
33 50,000 1,349,000.00 0.83
34 3,357 251,775.00 0.15
8.4.1 2% 20
1 11,157,806.42 4.86
2 9,686,930.96 4.22
3 9,439,465.20 4.11
4 6,842,912.50 2.98
5 6,620,324.93 2.88
6 6,224,768.63 2.71
7 6,219,415.67 2.71
8 6,179,940.00 2.69
9 6,143,329.32 2.67
10 5,599,597.41 2.44
11 5,460,649.11 2.38
12 5,394,123.14 2.35
13 5,383,262.64 2.34
14 5,340,281.73 2.33
15 4,922,033.70 2.14
16 4,888,252.00 2.13
17 4,691,585.00 2.04
18 4,423,270.00 1.93
19 3,850,056.00 1.68
20 3,499,692.02 1.52
8.4.2 2% 20
38
2011
1 12,264,051.72 5.34
2 12,004,448.96 5.23
3 10,523,922.66 4.58
4 8,340,811.99 3.63
5 7,769,532.65 3.38
6 7,483,304.93 3.26
7 7,194,231.24 3.13
8 7,169,012.30 3.12
9 7,141,398.32 3.11
10 6,987,845.09 3.04
11 6,926,067.26 3.02
12 6,806,849.39 2.96
13 6,725,987.20 2.93
14 6,549,627.00 2.85
15 6,025,460.02 2.62
16 5,983,562.69 2.61
17 5,863,840.72 2.55
18 5,824,558.40 2.54
19 5,314,755.32 2.31
20 4,966,527.90 2.16
8.4.3
153,294,499.82
178,562,833.92
39
2011
8.9.1
8.9.2
8.9.3
1 272,946.39
2 -
3 -
4 6,787.17
5 395.24
6 -
7 -
8 -
9 280,128.80
8.9.4
8.9.5
4,766,044.80 2.93 8.9.6
40
2011
9,968 19,585.87 85,581,587.13 43.84%109,650,331.07 56.16%
--
434,036,741.03
212,574,204.67
198,840,016.82
216,182,303.29
-
195,231,918.20
1
2
41
2011
90000
11.7
11.7.1
1 81,883,876.11 24.72% 66,531.70 24.18% 2 64,819,574.72 19.57% 54,848.31 19.94% 1 60,067,591.80 18.13% 48,805.68 17.74% 1 34,978,374.98 10.56% 29,731.11 10.81% 1 33,785,600.65 10.20% 28,717.02 10.44% 2 18,678,456.11 5.64% 15,176.36 5.52% 42
2011
1 16,690,133.19 5.04% 14,186.14 5.16% 1 10,283,628.61 3.10% 8,741.11 3.18% 1 6,027,247.12 1.82% 5,123.15 1.86% 1 3,225,008.06 0.97% 2,620.35 0.95% 2 798,828.15 0.24% 649.05 0.24% 1 - - - - - - - - 18 331,238,319.50 100.00% 275,129.98 100.00% 1
2
11.7.2
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
43
2011
44
2011
45
2011
46
2011
1
2
3
4
5
47
2011
http //www.scfund.com.cn
021 50509666 / 400-821-0588
48
