2013
2014
3
27
2013
1
1
12
31
1
P/E
P/CFPS P/S P/B
DCF
1
1
2
3
4
DCF
Multiple
2
1
2
2
3
-
3
Black-Scholes Pricing Model(BSPM)
4
5
3
300
50%
50%
021-38794888
010-66105799
services@cifm.com
custody@icbc.com.cn
400-889-4888
95588
021-20628400
010-66105798
http://www.cifm.com
100,416,595.71
-29,895,695.05
-72,475,278.50
99,423,230.33
30,360,295.45
-139,516,177.61
0.2886
0.0662
-0.2711
26.27%
6.87%
-21.85%
0.2796
-0.0042
-0.0341
396,035,962.07
436,743,027.52
496,278,510.95
1.3035
1.0323
0.9659
1.
2.
4
3.2.1
-6.45%
1.02%
-1.33%
0.56%
-5.12%
0.46%
1.89%
1.14%
3.45%
0.64%
-1.56%
0.50%
26.27%
1.22%
-2.45%
0.70%
28.72%
0.52%
5.46%
1.04%
-7.52%
0.66%
12.98%
0.38%
56.82%
1.09%
21.60%
0.77%
35.22%
0.32%
41.59%
1.06%
-7.05%
0.89%
48.64%
0.17%
300
50%
50%
3.2.2
5
3.2.3
-
-
-
-
-
-
-
-
0.510
16,283,516.60
10,582,045.54
26,865,562.14
0.510
16,283,516.60
10,582,045.54
26,865,562.14
4.1.1
2004
5
12
2007
10
8
6
2.5
2013
12
4.1.2
7
2013-7-2
Clarion
,MBA,
2007 3
2010
8
2010
8
4.3.1
4.3.2
8
4.3.3
4.4.1
9
2013
2013
(2014) 20830
10
2013
12
31
2013
12
31
2012
12
31
5,408,047.65
26,223,633.21
1,032,849.49
1,318,348.66
298,572.56
514,940.49
375,016,627.79
410,226,679.56
274,865,638.87
298,136,224.28
-
-
100,150,988.92
112,090,455.28
-
-
-
-
-
-
10,000,000.00
-
6,987,884.34
4,125,522.95
2,194,193.78
1,486,962.50
-
-
132,859.78
22,847.84
-
-
-
-
401,071,035.39
443,918,935.21
2013
12
31
2012
12
31
-
-
-
-
-
-
-
-
2,204,385.89
3,355,723.15
485,850.41
1,328,276.99
507,887.02
529,062.43
84,647.84
88,177.07
-
-
715,142.11
591,834.69
11
671,103.28
667,736.28
-
-
-
-
-
-
366,056.77
615,097.08
5,035,073.32
7,175,907.69
303,833,482.47
423,060,781.52
92,202,479.60
13,682,246.00
396,035,962.07
436,743,027.52
401,071,035.39
443,918,935.21
2013
12
31
1.3035
303,833,482.47
2013
1
1
2013
12
31
2013 1
1
2013 12
2012 1
1
2012 12
31
31
112,000,095.27
43,016,862.26
5,339,736.52
4,973,398.16
220,668.55
212,539.03
5,081,965.04
4,760,859.13
-
-
37,102.93
-
-
-
107,394,618.52
-22,226,703.20
106,663,990.29
-22,607,942.95
-
-
-697,038.32
-1,859,782.34
-
-
-
-
-
-
1,427,666.55
2,241,022.09
-993,365.38
60,255,990.50
-
-
259,105.61
14,176.80
12
12,576,864.94
12,656,566.81
6,528,156.10
6,862,092.67
1,088,026.09
1,143,682.10
-
-
4,519,813.41
4,191,373.16
32,478.26
61,638.02
32,478.26
61,638.02
408,391.08
397,780.86
99,423,230.33
30,360,295.45
-
-
99,423,230.33
30,360,295.45
2013
1
1
2013
12
31
2013 1
1
2013 12 31
423,060,781.52
13,682,246.00
436,743,027.52
-
99,423,230.33
99,423,230.33
-119,227,299.05
-20,902,996.73
-140,130,295.78
166,447,054.32
50,176,679.28
216,623,733.60
-285,674,353.37
-71,079,676.01
-356,754,029.38
-
-
-
303,833,482.47
92,202,479.60
396,035,962.07
2012 1
1
2012 12 31
513,801,556.82
-17,523,045.87
496,278,510.95
-
30,360,295.45
30,360,295.45
-90,740,775.30
844,996.42
-89,895,778.88
13
14,699,935.11
45,175.00
14,745,110.11
-105,440,710.41
799,821.42
-104,640,888.99
-
-
-
423,060,781.52
13,682,246.00
436,743,027.52
7.1
7.4
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%
2014
3
27
7.4.2
2006
2
15
38
(
“
”)
XBRL
3
<
>
7.4.4
7.4.3
14
2013
2013
12
31
2013
7.4.4
7.4.5
7.4.5.1
7.4.5.2
7.4.5.3
7.4.6
[2002]128
[2008]1
[2012]85
(1)
(2)
(3)
20%
1
(
1
)
1
1
( 1
)
50%
1
25%
50%
20%
(4)
0.1%
7.4.7
(“
”)
(“
”)
(
)
15
J.P.MorganInvestmentManagementLimited
(
)
J.P.Morgan8CSInvestments(GP)Limited
(
)
7.4.8
7.4.8.1
7.4.8.2
7.4.8.2.1
2013 1
1
2013 12
2012 1
1
2012 12 31
31
6,528,156.10
6,862,092.67
1,036,926.23
839,701.56
1.5%
X 1.5% /
7.4.8.2.2
2013 1
1
2013 12 31
2012 1
1
2012 12 31
1,088,026.09
1,143,682.10
0.25%
X 0.25% /
7.4.8.3
(
)
7.4.8.4
16
7.4.8.5
2013
1
1
2013
12
31
2012
1
1
2012
12
31
5,408,047.65
194,011.29
26,223,633.21
191,512.00
7.4.8.6
7.4.8.7
7.4.9
2013
12
31
7.4.9.1
/
300006
2013-10-17
2014-10-20
25.10
25.95
150,000
3,765,000.00
3,892,500.00
-
002358
2013-09-05
2014-09-12
13.30
15.85
400,000
5,320,000.00
6,340,000.00
-
002236
2013-05-29
2014-06-02
33.60
37.93
160,000
5,376,000.00
6,068,800.00
-
12
7.4.9.2
600485
2013-12-17
20.51
2014-01-13
21.50
94,600
2,004,154.28
1,940,246.00
-
000625
2013-12-31
11.45
2014-01-03
11.72 399,466
4,646,924.14
4,573,885.70
-
300049
2013-12-26
23.80
2014-01-20
24.90 105,300
2,000,090.00
2,506,140.00
-
2013
12
31
7.4.9.3
17
7.4.10
(1)
(a)
(b)
(i)
(
)
(
)
(
)
(
)
(ii)
2013
12 31
330,056,056.09
44,960,571.70
(2012
12
31
376,390,679.56
33,836,000.00
)
(iii)
(
)
(iv)
(2)
1
274,865,638.87
68.53
18
274,865,638.87
68.53
2
100,150,988.92
24.97
100,150,988.92
24.97
-
-
3
-
-
4
-
-
5
10,000,000.00
2.49
-
-
6
6,440,897.14
1.61
7
9,613,510.46
2.40
8
401,071,035.39
100.00
2013
12
31
396,035,962.07
1.3035
1.4045
A
7,355,124.48
1.86
B
5,468,428.70
1.38
C
220,671,012.56
55.72
D
-
-
E
-
-
F
7,866,392.55
1.99
G
-
-
H
-
-
I
13,899,679.20
3.51
J
4,001,907.00
1.01
K
2,499,000.00
0.63
L
1,178,892.00
0.30
M
-
-
N
11,925,202.38
3.01
O
-
-
P
-
-
Q
-
-
R
-
-
S
-
-
274,865,638.87
69.40
19
1
560,000
22,420,800.00
5.66
2
600,000
14,580,000.00
3.68
3
169,289
13,436,467.93
3.39
4
300,000
10,524,000.00
2.66
5
253,784
9,638,716.32
2.43
6
225,087
9,266,831.79
2.34
7
218,862
8,971,153.38
2.27
8
561,200
8,345,044.00
2.11
9
113,210
7,947,342.00
2.01
10
150,000
7,582,500.00
1.91
http://www.cifm.com
8.4.1
2%
20
1
31,238,789.56
7.15
2
28,993,077.46
6.64
3
24,804,328.00
5.68
4
24,166,907.57
5.53
5
21,882,989.17
5.01
6
21,619,406.22
4.95
7
20,545,669.83
4.70
8
20,033,550.67
4.59
9
19,656,301.35
4.50
10
18,150,657.42
4.16
11
18,102,820.32
4.14
12
16,037,801.60
3.67
13
15,889,028.57
3.64
14
15,446,052.78
3.54
15
15,243,080.03
3.49
20
16
13,799,441.08
3.16
17
13,374,806.50
3.06
18
13,328,139.86
3.05
19
12,701,621.22
2.91
20
12,368,072.10
2.83
21
12,201,956.17
2.79
22
11,919,172.39
2.73
23
11,867,286.40
2.72
24
11,476,135.85
2.63
25
11,250,973.46
2.58
26
10,552,348.25
2.42
27
10,493,006.25
2.40
28
10,487,913.99
2.40
29
10,433,787.60
2.39
30
10,240,589.00
2.34
31
10,189,990.04
2.33
32
9,916,064.51
2.27
33
9,743,373.42
2.23
34
9,669,382.77
2.21
35
9,608,334.66
2.20
36
9,595,159.07
2.20
37
9,543,369.49
2.19
38
9,538,062.62
2.18
39
9,509,990.71
2.18
40
9,296,073.72
2.13
41
9,175,640.64
2.10
42
8,842,497.79
2.02
43
8,795,054.45
2.01
44
8,747,782.28
2.00
8.4.2
2%
20
1
36,609,213.09
8.38
2
24,953,989.80
5.71
3
24,701,495.74
5.66
4
22,978,073.49
5.26
21
5
22,236,141.81
5.09
6
21,964,234.86
5.03
7
21,772,722.42
4.99
8
20,740,158.26
4.75
9
19,337,645.47
4.43
10
18,937,741.19
4.34
11
18,838,205.15
4.31
12
17,944,507.56
4.11
13
17,401,652.74
3.98
14
17,054,336.87
3.90
15
17,018,694.66
3.90
16
16,467,003.80
3.77
17
16,400,443.98
3.76
18
16,063,711.80
3.68
19
15,678,667.57
3.59
20
15,278,135.10
3.50
21
14,856,905.11
3.40
22
14,548,792.13
3.33
23
14,009,138.83
3.21
24
12,821,829.95
2.94
25
12,564,059.15
2.88
26
12,262,873.95
2.81
27
11,922,210.41
2.73
28
11,848,074.08
2.71
29
11,580,574.19
2.65
30
11,412,578.52
2.61
31
11,346,928.49
2.60
32
11,267,104.33
2.58
33
10,558,829.73
2.42
34
10,367,766.21
2.37
35
10,335,889.63
2.37
36
10,271,760.20
2.35
37
10,192,114.11
2.33
38
10,191,467.35
2.33
39
10,025,901.47
2.30
40
9,871,548.52
2.26
41
9,827,358.87
2.25
42
9,687,902.84
2.22
43
9,499,959.43
2.18
44
9,463,742.66
2.17
45
9,334,809.44
2.14
22
46
9,243,343.13
2.12
47
9,170,603.72
2.10
48
9,007,157.06
2.06
49
8,973,546.25
2.05
50
8,922,692.26
2.04
51
8,873,986.07
2.03
52
8,825,785.52
2.02
53
8,821,251.33
2.02
8.4.3
1,402,893,441.11
1,534,992,296.93
1
10,729,800.00
2.71
2
-
-
3
9,937,000.00
2.51
9,937,000.00
2.51
4
73,931,738.52
18.67
5
-
-
6
-
-
7
5,552,450.40
1.40
8
-
-
9
100,150,988.92
25.29
23
1
100,000
9,951,000.00
2.51
2
100,000
9,937,000.00
2.51
3
100,000
9,702,000.00
2.45
4
65,000
6,461,650.00
1.63
5
49,770
4,678,380.00
1.18
8.12.1
8.12.2
8.12.3
1
298,572.56
2
6,987,884.34
24
3
-
4
2,194,193.78
5
132,859.78
6
-
7
-
8
-
9
9,613,510.46
8.12.4
( )
(%)
1
110016
1,381,160.00
0.35
2
110015
762,880.00
0.19
3
110012
521,350.00
0.13
4
110020
455,650.00
0.12
8.12.5
(%)
1
002236
6,068,800.00
1.53
8.12.6
25
14,791
20,541.78
1,939,138.96
0.64%
301,894,343.51
99.36%
-
-
0
0
1,423,318,139.20
423,060,781.52
166,447,054.32
285,674,353.37
-
303,833,482.47
26
11.7
11.7.1
1
1,773,837,132.91
60.68%
1,604,899.49
60.53%
1
759,284,014.96
25.97%
691,248.52
26.07%
1
390,032,958.64
13.34%
355,083.12
13.39%
1
-
-
-
-
1.
27
2.
1
,
2
,
3
,
4
,
,
5
,
,
3.
1
2
4. 2013
11.7.2
97,694,152.14
15.17%
-
-
-
-
437,322,383.90
67.90%
170,500,000.00
82.97%
-
-
109,036,630.60
16.93%
35,000,000.00
17.03%
-
-
-
-
-
-
-
-
28
