1、 2021 12 30 % 1M 3M 12M 1.08 17.52 18.47 1.87 -1.37 -6.33 2020A 2021E 2022E EPS PE EPS PE EPS PE 0.28 129.96 0.36 101.08 0.41 88.76 0.75 91.44 1.05 65.31 1.37 50.06 1.29 63.38 1.61 50.78 2.10 38.93 0.43 146.70 0.56 112.64 0.73 86.41 0.28 65.32 0.36 50.81 0.46 39.76 0.37 134.62 0.83 60.01 1.08 46.12
2、0.42 135.36 0.63 90.24 0.90 63.17 Wind 2021飬滮 2022İ顣1滻滯20塱佫2 1滮 202722 2022飺1-2硢3 仯 -2- 1 2021 . 5 1.1 . 5 1.2 棺 2011 . 7 1.3 . 8 1.3.1 . 8 1.3.2 2021 . 10 1.3.3 . 11 1.3.4 . 11 1.3.5 /+/. 12 2 2022 . 13 2.1 . 13 2.1.1 . 13 2.1.2 潨. 15 2.1.3 . 21 2.2 . 24 2.2.1 . 25 2.2.2 洫 . 25 3 . 28 3.1 . 28 3.2
3、. 29 3.3 . 29 3.4 . 30 3.5 . 31 3.6 . 31 3.7 . 31 4 . 32 12021 1 1 12 28 SW . 5 2 . 6 32021 . 6 42021 1 1 12 28 . 6 52021 1 1 12 28 . 7 62021 1 1 12 28 . 7 7 PETTM . 7 8 PETTM . 7 9 2021.12.28 PETTM . 8 10 . 9 11 GDP . 10 12 . 10 132017 . 10 142017 . 10 oPoQnPtNmQzRpNqMqRtPsPaQ8Q7NoMmMtRpNfQqQrQjMqQ
4、nR6MoPmMxNmMvNxNnPmQ -3- 15 2021Q3 .11 16 2021Q3 .11 172021Q3 .11 182017 . 12 19 . 12 202017 . 12 212017 . 12 22/+/ . 12 23 . 14 24 . 14 25 . 14 26 . 15 27 . 15 28 . 16 29J-20 . 17 30J-16 . 17 31 . 18 32-20 . 18 33-10 . 20 34-20 . 20 35-6. 21 36 . 21 37 . 21 38 . 22 39 . 22 40 . 24 41 . 25 42 . 27 4
5、3 . 27 44 . 28 45 . 28 1 . 8 2. 13 3. 14 4 . 15 5. 16 6塱 . 17 720222027 . 18 820222027 . 19 9. 19 1020222027 . 20 11. 22 12 . 23 13 . 23 -4- 14 . 24 15 . 24 16 . 26 17 . 26 -5- 1 2021 1.1 2021 2020 塱 1973.91 10.20% 20.49% 2021 1.35 6.8% 1378.28 棬塱顰塱顣滮 12021 1 1 12 28SW Wind 2021 1 1 12 28 6.62%300WI
6、ND A 2.10pct11.52pct-5.59pct -1.95pct 28 12 2021 11 6 16.40% -20.0%-15.0%-10.0%-5.0%0.0%5.0%10.0%15.0%20.0%25.0%2021-01 2021-02 2021-03 2021-04 2021-05 2021-06 2021-07 2021-08 2021-09 2021-10 2021-11 2021-12()() -6- 2 32021 Wind Wind 42021 1 1 12 28 Wind 9.44% 5.40% 5.04% 4.05% 0%20% 25 100% 2 50%10