2019 5 31 2019 330 2019 6 24 2019 12 51% 49% 2019 5 31 2019 5 31 1. 2. % 14,900.00 99.30 100.00 0.70 15,000.00 100 % 14,900.00 99.30 100.00 0.70 15,000.00 100 % 15,000.00 100 3. 2005 8 4. 1 173,837.72 163,712.91 186,850.83 203,665.05 2 3 102,756.57 102,756.57 102,756.57 102,756.57 4 - - - - 5 5,506.86 4,360.37 3,982.45 3,859.75 6 105.29 - - - 7 - - - - 8 - 217.53 169.11 148.94 9 609.47 1,606.18 2,501.69 2,780.59 10 - - - - 11 282,815.92 272,653.57 296,260.64 313,210.90 12 37,652.64 21,546.02 45,707.85 64,842.22 13 108,978.20 108,940.66 109,409.82 109,545.85 14 37,882.31 21,745.24 45,900.41 65,018.87 15 244,933.61 250,908.33 250,360.23 248,192.03 2016 2017 2018 2019 1-5 30,961.00 36,395.21 55,210.65 22,032.25 : 19,070.13 23,650.13 40,631.96 10,475.21 104.61 157.10 269.00 148.64 4,568.95 4,763.91 4,916.81 2,091.19 3,120.30 2,637.94 3,293.65 1,033.28 -3,162.86 -2,253.98 -4,030.96 -65.62 218.49 812.98 - - - - 38.98 339.79 : - - - - 1,500.00 - 3,813.95 12,547.88 - 134.70 17.69 49.84 - - -3.99 3.26 8,541.38 6,761.82 13,918.84 20,610.75 : 230.97 0.26 144.02 0.06 : 4.29 11.43 4.82 0.30 8,768.06 6,750.65 14,058.05 20,610.51 : 1,049.86 969.87 3,762.39 927.26 7,718.21 5,780.78 10,295.66 19,683.25 51% 49% 203,665.05 109,545.85 102,756.57 - 3,859.75 - - - 2,929.53 313,210.90 64,842.22 176.65 65,018.87 248,192.03 1. 2. 0 10 19 4 25 4 - - - 3. 2019 5 31 1. 2019 330 2. 2019 6 24 2019 12 1. 46 ) 2. 2008 5 3. 2005 10 27 4. 14 5. 62 6. 72 7. 63 8. 1991 91 9. [1992]36 10. [2001]102 11. 14 12. < > [2001]801 13. < > [2001]802 14. 2003 378 15. 2003 3 16. 2005 12 17. [2006]274 18. 2006 306 19. [2009]941 20. [2013]64 21. ( [2008]5 ) 22. [2012]32 23. ( 2017 10 ) 24. 25. 26. 27. 1. [2017]43 2. [2017]30 3. 2018 36 4. 2018 35 5. -- [2017]33 6. 2018 37 7. 2018 38 8. -- [2017]35 9. -- [2017]37 10. -- [2017]38 11. -- [2017]39 12. [2017]42 13. [2017]44 14. [2017]46 15. [2017]47 16. [2017]48 17. [2017]49 18. [2017]50 19. [2010]121 20. GB/T 50291-2015 21. GB/T 18508-2014 22. GB/T 18507-2014 1. 2. 3. 4. 5. 6. 7. 8. 1. 2. 2002 10 3. < > 2002 394 4. < > [2007]670 5. < > [2002]1980 6. < > [1999]1283 7. < > [2002]125 8. 2012 12 9. [2013]106 10. [1984] 678 11. 2012 12. -2019 5 13. 2019 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 1. 1 1) 2) 3) “ ” 4) 5) 6) 7) 8) 2 1) 3 2) A. = × a) = + + - b) = 60% 40% % = / 100% = - / 100% 3) = × A. a) = + + + + + - = + + + + × × ×1/2 b) = ×0.6 ×0.4 = - / ×100% = / + ×100% c) = × B. a) b) c) = × C. a) b) c) = × 4) 5) N At P t 1 (1 I )t 6) 7) 2. 1 E V D V P E V D P P t t 1,2,3 n r g g=0 n 2 1) + × 1- T 2) 2019 5 31 2024 12 31 2025 1 1 3) WACC 4) 5) ( ) 6) 1. 2019 6 2. 3. 4. 2019 6 5 6 15 1. 2. 3. 4. 2019 6 15 6 20 1. 2. 3. 2019 6 21 8 7 1. 2. 3. 4. 5. 1. 2. 3. 4. 5. 6. 7. 8. 313,210.90 416,161.50 102,950.60 32.87% 65,018.87 64,842.22 176.65 0.27% 248,192.03 351,319.28 103,127.25 41.55% “ ” 2020 5 30 1 CN201310430189.3 - , 2 CN201610496894.7 , 3 CN201610531147.2 , 4 CN201310430162.4 1 CN201720030239.2 2 CN201610531147.2 - 3 CN201610496894.7 , 4 CN201120554146.2 , 5 CN201430478338.9 , 1. 2. 2019 5 31 2020 5 30 资产评估师资格证明文件; ;