2025
2025
202420251-2
2.5% 60% 94%
17.8
202420251-2
2.5% 67% 94%
17.8
2025 2026 2027 2028 2029
2030
2,911.28
4,712.83
5,505.90
4,995.88
4,941.31
49,563.50
7.00%
7.00%
7.00%
7.00%
7.00%
7.00%
0.5
1.5
2.5
3.5
4.5
0.9667
0.9035
0.8444
0.7891
0.7375
2,814.44
4,258.00
4,649.10
3,942.47
3,644.31
24,832.06
44,140.36
24,400.00
000785.SZ002344.SZ
002818.SZ600790.SH
000785.SZ 002344.SZ 002818.SZ 600790.SH
2,231,906.93
596,416.89
1,118,197.66
549,671.60
TTM 1,345,552.11
114,259.23
148,395.86
90,104.81
P/S 1.66
5.22
7.54
6.10
0.9276
1.0367
0.8760
0.9869
P/S 1.54
5.41
6.61
6.02
P/S 6.61
6.02
5.41
1.54
P/S
P/S
5.99
000785.SZ 002344.SZ 002818.SZ 600790.SH 3,710.78
22,227.57
28.7%
15,800.00
3,855.60
4,800.00
0.00
-43.1%~8.4% -16.1%~31.2% 12.30%
1,664.69
4,400.00
0.00
-15.1%~22.9% 48.5%~59.7% 12.30%
493.13
290.00
203.13
-81.1%~7.8% -6.3%~16.6% 12.30%
10,011.73
6,800.00
3,211.73
-7.8%~25.0% -15.2%-18.5% 12.00%
415.77
-220.00
635.77
-13.0%~46.9% -48.6%-0.0% 12.00%
9,607.77
10,000.00
0.00
-2.5%~6.8% 40.5%~46.8% 12.00%
42,702.73
37,600.00
5,102.73
-9.2%~94.7% 7.1%-38.9% 12.00%
4,189.58
5,400.00
-42.4%~13.3%
-7.5%~34.6%
14.40%
1,745.65
3,170.00
-21.4%~4.3%
39.5%~46.0%
14.40%
1,464.51
1,340.00
124.51
-81.0%~1.9%
-1.1%~20.7%
14.40%
11,579.76
11,700.00
-12.8%~16.0%
0.3%-26.9%
14.20%
979.19
2,300.00
-18.7%~18.0%
0.0%-25.3%
14.20%
10,559.78
11,800.00
1.6%~18.8%
48.4%~50.8%
14.20%
48,234.80
47,200.00
1,034.80
-9.7%~129.2%
-14.0%~48.0%
14.20%
78,753.27
82,910.00
1,159.31
4,683.03
5,100.00
-35.3%-23.8% -14.9%-31.22% 14.90%
2,250.61
3,450.00
-24.0%-5.2% 35.5%-40.8% 14.90%
1,606.18
3,770.00
-82.9%-11.5% 6.8%-24.2% 14.90%
14,192.04
20,200.00
3.3%-13.6% 22.5%-30.0% 14.90%
1,613.56
3,100.00
2.5%-20.9% 4.4%-30.1% 14.90%
11,372.61
11,900.00
2.4%-53.0% 45.0%-50.2% 14.90%
35,718.03
47,200.00
2023-7.52%
2.5%
2024-21.85%
2.5%
1)
2)
2025 2026 2027 2028 2029
4.55.5
2.5% 2.5% 2.5% 2.5%
4.56
65.0%
202513%18% 95% 95% 95%
95%
2025 2026 2027 2028 2029
2030
654.22
801.03
2,073.61
1,602.29
1,716.00
3,091.83
12%
12%
12%
12%
12%
12%
0.50
| 0.50 |
1.50
| 1.50 |
2.50
| 2.50 |
3.50
| 3.50 |
4.50
| 4.50 |
0.9449
| 0.9449 |
0.8437
| 0.8437 |
0.7533
| 0.7533 |
0.6726
| 0.6726 |
0.6005
| 0.6005 |
2025 2026 2027 2028 2029
2030
618.18
675.80
1,562.00
1,077.65
1,030.47
1,853.77
6,800.00
10,011.73-3,211.73
2023
1.67%
2.5%
2024-25.28%
2.5%
1)
2)
2025 2026 2027 2028 2029 56
2.5% 2.5% 2.5%
2.5% 56.5
56%
92% 92% 92% 92%
92%
2025 2026 2027 2028 2029
2030
-460.58
206.91
10.58
19.50
40.27
-188.94
12%
12%
12%
12%
12%
12%
0.50
1.50
2.50
3.50
4.50
0.9449
0.8437
0.7533
0.6726
0.6005
-435.21
174.57
7.97
13.12
24.18
-5.97
-220.00
415.77
-635.77
2.02%ERP-Rm=Rf-6.12%,2.5%12%
2023
-10.47%
2.5%
-5.69%
2.5%
9.04%
2.5%
2024
-29.25%
2.5%
-2.01%
2.5%
-0.95%
2.5%
1)
2)
2023
-19.08%
2.5%
-1.00%
2.5%
-34.02%
2.5%
2024
-26.42%
2.5%
-26.41%
2.5%
2.52%
2.5%
1)
2)
2024 2025 2026 2027 2028
45.5
2.5% 2.5% 2.5% 2.5% 67
53.2%
202420%30% 96% 96% 96%
96%
46 2.5% 2.5% 2.5% 2.5% 67
38.7%
202435%40% 96% 96% 96%
96%
2024 2025 2026 2027 2028
2029
949.80
6,752.81
8,291.08
7,476.07
7,562.23
105,186.13
14.2%
14.2%
14.2%
14.2%
14.2%
14.2%
0.50
| 0.50 |
1.50
| 1.50 |
2.50
| 2.50 |
3.50
| 3.50 |
4.50
| 4.50 |
0.9358
| 0.9358 |
0.8194
| 0.8194 |
0.7175
| 0.7175 |
0.6283
| 0.6283 |
0.5502
| 0.5502 |
888.79
5,533.31
5,949.03
4,697.23
4,160.56
26,020.46
47,200.00
48,234.80-1,034.80
2.94%ERP-Rm=Rf-6.93%,2.5%
14.20%
2025 2026 2027 2028 2029
45.5
2.5% 2.5% 2.5% 2.5% 4.56
59.1%
202525%30%
95%
95%
95%
94%
3.95
2.5% 2.5% 2.5% 2.5% 46
67.0%
2025
13%18%
94%
94%
94%
94%
2025 2026 2027 2028 2029
2030
3,576.13
4,589.81
5,380.24
4,881.27
5,020.15
63,199.72
12%
12%
12%
12%
12%
12%
0.50
| 0.50 |
1.50
| 1.50 |
2.50
| 2.50 |
3.50
| 3.50 |
4.50
| 4.50 |
0.9449
| 0.9449 |
0.8437
| 0.8437 |
0.7533
| 0.7533 |
0.6726
| 0.6726 |
0.6005
| 0.6005 |
3,379.13
3,872.29
4,052.81
3,282.99
3,014.64
19,951.42
37,600.00
42,702.73-5,102.73
2.02%ERP-Rm=Rf-6.12%,2.5%12%
1,245,100.00
7,968,000.00
9,213,100.00
4,700.00
3,000.00
1,700.00
4,653.41
3,588.58
152.54
367.97
51.70
492.62
35.00
39.82
3--0.23
418.03
20241231
46.59
42,988.04
55,542.21
0.00%-39.94% -1.75%-9.81% 12%
8,406.73
13,647.00
2.06%-20.52% 7.24%-7.85% 12%
1199
13,775.30
16,655.55
5.45%-10.83% 2.89%-27.03% 12%
3,463.70
9,079.36
1.57%-50.54% 13.97%-38.17% 12%
68,633.77
94,924.12
2024-12-31
18,158,850.28
14,327,336.01
2024112027
8312023-043
SPACE
8,087,854.10
7,379,412.65
5,725,563.14
5,500,830.42
4,813,769.92
3,606,020.37
2024-12-31
3,107,175.00
3,067,802.16
2,806,105.21
1,133,455.522025
62,253,383.25
2024-12-31
1 A 914,638.12
2 B 780,409.98
20227-11
3 C 299,771.20
4 D 217,395.67
5 E 161,197.13
2,373,412.10
1 1
5%
| 5% |
1-2 2
| 10% |
2-3 3
| 20% |
3-4 4
| 30% |
4-5 5
| 50% |
| 100% |
1 15%1-2 210%2-3 320%3-4 430%4-5 550%
100%