浩峙:貧{(di┐o)哢旋A(y┫)y(c┬)才朕(bi─o)r(ji┐),貧{(di┐o)u(p┴ng)(j┴)崛I秘
喇噐d襖宥佚狼y(t┓ng)議俶箔辛嬬階竃厘緩念議A(y┫)豚,厘貧{(di┐o)2012-14定EPSA(y┫)y(c┬)崛1.18/1.51/1.85圷(圻1.10/1.40/1.83圷),(j┫)VCAM庁侏貧{(di┐o)朕(bi─o)r(ji┐)崛35.60圷(圻33圷),WACC邪O(sh┬)8.6%。誹yC発腸凪
繁牽t(y┤)」妻孰w翌\默(j┤ng)N斌嗤李奐搾巷望I(y┬)(j┤)
誘Y勣c(di┌n):
1、 辺仳誹Ya(ch┌n)岷俊奐搾巷望I(y┬)(j┤),參11定10蔚PE議辺r(ji┐)鯉(du━)貧偏巷望^麻。圻嗤紘|覚Z12-14定旋(r┫n)蛍e音詰噐1.16|、1.397|圷、1.676|圷,定譲奐L(zh┌ng)20%,拝覚Z阻I(y┬)(j┤)a(b┳)。邪O(sh┬)書定定久頼撹奐l(f─),奐l(f─)6000f紘,旋(r┫n)梓孚覚Z久,I(y┬)(j┤)?c┬)搾?3定_兵,椎担深]紘云院13-14定蛍e奐搾I(y┬)(j┤)s0.09、0.11圷。
2、 僮崙瞳奐L(zh┌ng)峙誼豚棋。嶄圻誹蟻F(xi┐n)嗤議寡{楚s80,喇噐辺哿個崙吉}朕念旺]嗤_(d│)欺恷尖覽柘旋邦峠。11定辺秘6877f,旋(r┫n)1263f,旋(r┫n)18%,詰噐佩I(y┬)邦峠。隆苗幟化誼欺個鋲,寡{楚才僮{議哢旋嬬薦譲嗤李誼欺戻幅。巷望A(y┫)(j━)_(d│)a(ch┌n)N弁辺秘2.6|圷,旋(r┫n)7809f,厘J(r┬n)蛬_(d│)欺A(y┫)y(c┬)議30%議旋(r┫n)楕邦峠(y┤ng)音y。
3、 宥^辺呍夛仟議撹L(zh┌ng)腎g。繁牽圻參醍恪蛄I(y┬),除定輙^辺M(j━n)秘僮崙瞳、崙竃笥、\犁肥I(l┼ng)囃,宰伉頁詔鹿t(y┤)ヨI(y┬),麼勣广凛c(di┌n)頁Ya(ch┌n)議(y┃u)措殻業,隆躙何蛍I(y┬)(w┫)喇(d┣)羨議F(tu│n)(du━)頼撹。緩l(f─)婢房揃c紘|喘羌塚禽Y嘘尚弐栽,飛辺(y┃u)|(zh━)t(y┤)ルYa(ch┌n)議宰伉嬬薦嬬魑智坩l(f─)],巷望(hu━)嬉_仟議撹L(zh┌ng)腎g。
4、 S隔容]u(p┴ng)(j┴):音深]奐l(f─),厘(du━)噐巷望12-13定議I(y┬)(j┤)?y┃u)?.8、0.99、1.26圷,飛深]13定_兵議辺Ya(ch┌n)I(y┬)(j┤)?c┬)搾式紘云?t13-14定議I(y┬)(j┤)?y┃u)?1.08、1.36圷。巷望醍I(y┬)(w┫)隔m(x┫)隠隔互奐L(zh┌ng),凪麿誘YI(y┬)(w┫)隆輦侏音默搾I(y┬)(j┤),厘隔m(x┫)容]。
L(f┘ng)U(xi┌n)戻幣:偏(ch┌ng)(du━)巷望U(ku┛)婢仟I(y┬)(w┫)贋壓蛍灘。嶄誘C発巓J
咲紘芸
。差b奐L(zh┌ng)_協來互 廖姙娼b俐們(sh━)棋l(f─)
(ji┌n)u(p┴ng) W噐焼糾、《、忖乃塙b偏(ch┌ng),奐L(zh┌ng)_協來互
巷望麼勣W噐焼糾、《、住宥仄~吉互極巷b偏(ch┌ng),@乂I(l┼ng)囃児云音鞭仇a(ch┌n){(di┐o)陣議唹,隠隔隔m(x┫)峠(w├n)酔堀l(f─)婢議(sh━)。隆2-3定, 畠(gu┏)励佛(j┴)焼糾、互n忖、寄《叉伴(x━)蛍佩I(y┬)議俶箔卆隼掲械履腹,巷望恬蚶昊@乂I(l┼ng)囃醤嗤苧@(y┃u)(sh━)議^,隆I(y┬)(j┤)酔堀奐L(zh┌ng)議_協來互。
仇a(ch┌n)N弁指哲容(d┛ng)斌I(y┬)/唾嗄仇a(ch┌n),廖姙娼b俐們(sh━)棋l(f─) 型仇a(ch┌n)N弁4-5埖竃F(xi┐n)久何(f┫)K,_l(f─)斌Y署r誼參個鋲,b佩I(y┬)廖姙娼b俐厘桶F(xi┐n)紗堀。揖r(sh┴),壓仇a(ch┌n){(di┐o)陣隆慧防議念戻和, 牘頒塒議噸宥廖姙_l(f─),_l(f─)斌厚A鰉敝I(y┬)/唾嗄仇a(ch┌n)議_l(f─),遇@乂脅頁巷望議(du━)(y┃u)(sh━)I(l┼ng)囃。(du━)廖姙娼b俐,巷望琲P(gu─n)室g(sh┫)、繁T、(xi┐ng)朕?j┤)?ch┳)籟^怎,匯稀隆躓悽a(ch┌n)佩I(y┬)尚睿鯢,拝廖姙娼b俐屈肝(y┐n)辺(qi│ng)崙(bi─o)(zh┳n)匆旋竃_(t│i),巷望嗤李寄e謡婢廖姙娼b俐偏(ch┌ng),(sh┴)F(xi┐n)卯l(f─)來奐L(zh┌ng)。
巷望磯定霊A(y┫)(j━)酔堀奐L(zh┌ng) 焼糾、忖、《叉釆I(y┬)議誘Y^m(x┫)隠隔^酔奐L(zh┌ng),巷望恬蛬@乂(x━)蛍偏(ch┌ng)議巷b^鞭吩苧@,厘A(y┫)(j━)巷望12定念4埖巷b留3崙酬(w├n)酔堀奐L(zh┌ng)。4埖岻朔仇a(ch┌n)N弁(f┫)Kァ躪望仇a(ch┌n)竜銚追。C栽躾,A(y┫)(j━)巷望磯定(sh┴)F(xi┐n)酔堀奐L(zh┌ng),奐堀A(y┫)(j━)40%-50%。
指錘m隆苧@挫D(zhu┌n),屁wL(f┘ng)U(xi┌n)辛陣 巷望巷bI(y┬)(w┫)議指錘才11定和磯定牘秘m隼]嗤竃F(xi┐n)苧@議挫D(zhu┌n), 徽喇噐巷望(ch┳)簍衄辛參M怎l(f─)婢議俶勣,侭參巷望A鰉斂xA(y┫)原錘式指錘l錘(du━)巷望恷嗤旋議(xi┐ng)朕,參隠CI(y┬)(j┤)(w├n)宗奐L(zh┌ng)議揖r(sh┴)陣崙指錘議L(f┘ng)U(xi┌n)。 何瞳何周垢S晒(xi┐ng)朕A(y┫)(j━)12定久念_兵I(xi┐n)旋(r┫n)
巷望勅鹿Y署何瞳何周垢殻晒(xi┐ng)朕,厮(j┤ng)m(x┫)植垢旺伏a(ch┌n),A(y┫)(j━)4Q12定念嬬I(xi┐n)旋(r┫n),(xi┐ng)朕Ma(ch┌n)朔a(ch┌n)嬬A(y┫)(j━)辛屶旅望30|議I(y┴ng)I(y┬)辺秘,旺@广戻幅哢旋嬬薦,嗤李戻幅谷旋楕2%-3%。