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公司公告

广汽集团:2020年中期报告2020-09-25  

                             2

     3

     4

     9

    14

    25

    36

    38

    42

    87




1
           2020   6   30




10   0.3




                           2020   2
        Guangzhou Automobile Group Co., Ltd.
        GAC Group




                                    23
        020-83151139
        020-83150319
        ir@gac.com.cn




                             448     458                  23
        510030
                                    23
        510623
                           18                  808

        www.gac.com.cn
        ir@gac.com.cn
        020-83151139 3




        www.sse.com.cn

        www.hkexnews.hk

                                    23               22




    A                                601238
    H                                02238


3
             3                                      79.73       82.46
                                           0.62         10.47%
                             37.40%                                89.42%
GS4 COUPE        GS8S   Aion V 15               7WF25         1.0TGDI         3
                                         14       521


                                                               1,597.03
   9.00%                              256.42                      9.56%
                      23.18                       52.88%                          0.23
                 52.08%                                      147.64
5.63%                                                                 21.04
        99.10%




                                                                                         2020   4
                                          10            0.3
                          171

                                         夯
    e-TIME
                                13
                                      Aion V   7
                                                                        287


                   GS8     GN8

                                                                                 927
                      6,983                                              GPMA
             GEP


      Aion LX Fuel Cell                                       (3DG)
                                     ADiGO 3.0                        5G V-BOX
                      Aion V                       5G




5
                 3,612.78
                 7,500
           130
N95
                            2020

                      5,611.4
      15



                     10%    20%




                                   2020   6
                       +PVA
                                                   QDR




                          e-TIME

                                   THS
    G-MC 2.0
               T-Box   G-OS              EEA 3.0




7
2020   8
    1.




    2.

         (1)



                                       13                 29           SUV   3
                  MPV




                           Trumpchi GA4     GA6   GA8    GS3    GS4    GS5   GS8
                  GS8S    GM6 GM8

                          Accord        Crider          Vezel           Odyssey
                         Fit       Avancier          Breeze           Acura CDX
                  Acura TLX-L Acura RDX

                             Camry          Highlander             Wildlander
                         Yaris L            Levin        C-HR

                            JEEP      JEEP           JEEP             JEEP



                            ASX      Outlander              Eclipse Cross




9
                    GS4 PHEV       GE3    Aion S   Aion LX   Aion V

                                                                            
                Acura CDX                 VE-1

                                                                           E+
          iA5   C-HR EV

                    JEEP           PHEV

                         PHEV             EV

                    HYCAN           007




                                                                      12
         2020   2                                            273.3

      
                                                        31
                    4S     2,533

(2)



                                                                            125




                                                                           2020   10
             3.




             4.



                                       74%

             5.




     (   )




                                                      4



                            1,011.24   1,025.69                  16.81%   16.91%   4
                                                  775.36     787.25
             22.48% 22.42%                         25.93% 25.96% SUV
                 14.63% 14.87% MPV                 48.06% 45.68%
                   39.70    39.30             36.50% 37.40%




11
                                                           36.30%           3.04
                                                       25.00% 23.70%
1.90         2.30

                                        913.90                     16.50%
0.40                           89.10%                  0.40




1.




                                                              12



2.

                                                                               (1)
                      (2)                        (3)

3.

                            SUV   MPV


                    GS4 PHEV      GS4 COUPE            GA8    Aion V
       C-HR EV                                                    CDX
       HYCAN        007




                                                                                     2020   12
     4.




           IDU                                               ADiGO 3.0
                         5G V-BOX
          927                 6,983               666                    67
                 4,498                642
                                                        A



     5.

                                            GEP
                                                                              ADiGO
                                                  Aion
                                                                    GEP 2.0
                         Aion V                             ADiGO 3.0
            5G                                                   5G+C-V2X
                           5G

     6.

                         A+H




13
1.




     4            5,000




2.


         Aion S
                          GS4 PHEV   GS4 COUPE         GA8   Aion V
              C-HR EV                                            CDX
                                     HYCAN       007




                                                                  2020   14
     3.



                                   80%               Aion
                                                                 628
                                   12
          5,900

     4.                夯


                                        QDR
                                         GS4 COUPE GS4 PHEV   GS8S   GM8
                                                 Aion V
          ADiGO 3.0           5G
                   5G+C-V2X                    5G




15
5.




                                             40




6.


                      A        2020
                                             98   80
        e
            1,500
                               IR




                                      1,597.03
9.00%

                             256.42                9.56%
                    23.18                52.88%
     0.23           52.08%




                                                           2020   16
     1.   2020




                             5.38
                                                                   GS4
          PHEV   GS8S   GS4 COUPE   Aion V   GA8,
                                                    2       89.42%

     2.
                                                        C-HR EV
                                                             CDX
                          

     3.




17
1.




                                                          %

                            256.42      283.51        -9.56
                            246.75      263.10        -6.21
                             14.30       17.35       -17.58
                             16.43       17.81        -7.75
                              2.35        2.92       -19.52
                              2.57        2.14        20.09
                             39.87       48.66       -18.06
                            -68.82      -37.55       -83.28
                             32.46       -0.94     3,553.19
                            -32.11      -14.52      -121.14

2.

                     256.42                       9.56%




3.

                   246.75                        6.21%
            9.67                10.74
     3.43




                                                          2020   18
     4.

          (1)                       3.05



          (2)                1.38



          (3)                0.57
                20

          (4)                0.43



     5.

          (1)                               68.82
                     37.55                  31.27




          (2)                               32.46
                     0.94                  33.40




          (3)                               32.11
                     14.52                  17.59
                     20




19
     (4)       2020 6 30                        167.67
             2019 6 30         224.41   56.74

6.

                                                 39.87
                       8.79



7.

                       -0.92            0.95



                                           23.18
           52.88%                0.23      52.08%




                                                         2020   20
     1.




                             ( )      ( )     ( )           ( )

          149.18   147.55    1.09   -11.46   -9.80   1.82
            9.04     8.67    4.09   -10.50   -0.23   9.87
           87.16    84.18    3.42    -7.42   -0.46   6.76
           11.04     6.35   42.48     2.41    1.44   0.55
          256.42   246.75    3.77    -9.56   -6.21   3.43

     2.




                             ( )      ( )     ( )           ( )

          149.09   147.49    1.07   -11.46   -9.80   1.82
           96.20    92.85    3.48    -7.72   -0.44   7.06
           11.13     6.41   42.41     2.39    1.42   0.55
          256.42   246.75    3.77    -9.56   -6.21   3.43




21
3.




                                              (     )

                           253.78           -10.49
                             2.64
                           256.42            -9.56




1.




               (%)                   (%)          (%)




      18.45    1.42     8.43         0.61   118.86
     120.60    9.29   108.10         7.86    11.56
      48.03    3.70    61.69         4.49   -22.14

     270.71   20.85   336.16        24.45   -19.47




                                                  2020   22
     2.

          (1)
                118.86%

          (2)                             11.56%



          (3)                              22.14%                                          20



          (4)                                                   19.47%




     1.

            2020   6   30                        1.44         2019    12   31       1.36
                            1.24      2019     12 31           1.20



     2.

            2020   6   30                                   483.24
          334.63                   1.44        2020     6   30                          125.33
                                               30                                          3
                                       25.75                                    4
                                     58.86
            13.12%
                                                                                    +
                            +                      +




23
3.




4.

     2020   6   30                                         0       2019   12   31
                                0          2020   6   30
                     0   2019    12   31                       0

5.




                                                                                    2020   24
       10                                                                    0
       10                                                                   0.3
       10                                                                    0


                  2020     8   28             49
                  10            0.3




           2017        2                             2019     12   18   2020
      12     17

     2020    6    22            2019
                                  19.40   A                   10.13     A
                           2020 6 12
                                                   2020-048




25
1.

                   59

                                           3         2017-111

2.




                                                                         0
                         (A)                                             0


                                                                461,000,000
                                   (B)                          244,000,000


           (A+B)                                                244,000,000
                               (%)                                   0.30%


                                               (C)                       0
                               70%
     (D)                                                                 0
                        50%              (E)                             0
                         (C+D+E)                                         0




                                                                       2020   26
     A

     1.

                   2016   1   22   410,558   A                 2016
          7   22

     2.

                                                  2016


                                                               1,965




                                                                 (%)
                                                 276,051,000   10.83
                                                 248,777,000     9.76


              005L   FH002                       176,752,000     6.93


                                                 128,030,000     5.02
                                                 114,775,000     4.50


                                                 100,557,000     3.94


                                                  75,803,000     2.97


                                                  72,794,000     2.86
                                                  57,142,000     2.24
                                                  51,185,000     2.01




27
3.




     2016             2,552,276,000         3,102,000   0          0   2,549,174,000




4.

                                                            2016


                                                                        3,102,000
                 (A                                                       217,530
            (A                                                         72,071,353
                                                  (%)                       1.12%
                                                                   2,549,174,000
                                      (%)                                  62.09%




                                                                                2020   28
     5.




          2017            2017          2017        10
          9 14    21.43   9 6     1
                                                     21.53   A
                                                  21.43    A
          2017            2017                      753,390,254 A
          11 21   21.27   11 20                               21.43
                                        A                    21.27
                                        A
          2017            2017
          12 21   21.24   12 20



          2018            2018         2017
          6 12    14.86   6 5          10                  4.3

                                  10          4
          2018            2018          2018        10
          9 17    14.76   9 6     1
                                                     14.86   A
                                                  14.76    A




29
2018             2018                 A
11 7     14.74   11 5



2019             2019     2018
6 25     14.46   6 17     10                 2.8


2019             2019         2019    10
9 24     14.41   9 17   0.5
                                        14.46      A
                                     14.41    A
2020 6           2020         2019    10
22       14.26   6 15   1.5
                                        14.41      A
                                     14.26    A
                                              14.26




                                                   2020   30
     6.

           2020     6   30               129,840,547,305                        36.05%
                               AAA




                A

            A




            A                                    A                               1.00
          753,390,254                          19.91       A
              19.80                      A
                                                                  3
                                                         A      2017       10    17
                                  A                    19.03

            A                2017 11                                   2017       11 17
                                 14,999,999,957.14                                83,050,000.00
                                  14,916,949,957.14            2020    6    30




31
      2020   6    30

      2020   6   30                              4,031,673,617.32
                      1,107,492.68




1                                      480,000.00     80,740.22   336,424.21   2023
2                                       60,000.00      2,459.67    23,404.32   2021
3                                      100,000.00      4,348.84    56,834.66   2020
4                                       80,000.00          0.00    22,782.95
5                                      220,000.00          0.00   152,350.38
6                                      250,000.00     10,281.58   212,963.01
7                                      215,000.00      3,914.14   203,685.23
7.1              A16                    20,000.00        187.36    18,760.84
7.2              A35                    35,000.00      2,625.14    34,445.42
7.3              A5H                    30,000.00          0.00    30,547.98
7.4              A10                    40,000.00        427.45    36,665.17
7.5              A30                    15,000.00          0.00    15,000.00
7.6              A32                    10,000.00          0.00    10,000.00
7.7              A06                    35,000.00        368.93    35,137.42
7.8              A7M                    30,000.00        305.26    23,128.40
8                                       50,000.00        297.43    47,898.55
9                                       30,000.00        639.05    27,844.37
10     P6                               15,000.00          0.00    15,000.00
                                                –         0.00     8,305.00          –
                                     1,500,000.00    102,680.93 1,107,492.68




                                                                                  2020     32
     2020   8    28




                14    14A
     2019




33
1.




2.




     2020   34
     3.

          2020   6   30   91,835

                             CPI




     4.




     5.




35
                                       (       )
                       (%)                                                               (%)

     1,054,746,356   10.30                                             1,054,746,356   10.30
1
2
3    1,054,746,356   10.30                                             1,054,746,356   10.30

     1,054,746,356   10.30                                             1,054,746,356   10.30


4




     9,182,961,185   89.70                         217,530   217,530   9,183,178,715   89.70
1    6,084,340,880   59.43                         217,530   217,530   6,084,558,410   59.43
2
3    3,098,620,305   30.27                                             3,098,620,305   30.27
4
    10,237,707,541    100                          217,530   217,530 10,237,925,071     100




                             217,530       A




                                                                                       2020    36
           2020        6   30                           336
                                     5%




                                                                           1
                                                                                          (%)                 (%)

                       2
                                 A                          5,191,015,530 (L)           72.71           53.56
                                 H                            292,208,000 (L)            9.43

     BlackRock, Inc.             H                            156,526,708 (L)            5.05            1.60
                                                                7,674,400 (S)            0.25

     Citigroup Inc.              H                            182,852,970 (L)            5.90            3.54
                                                                3,222,280 (S)            0.10
                                                              176,812,365 (P)            5.71

                                 H                            190,108,000 (L)            6.14            1.86



     Brown Brothers              H                            223,958,369 (L)            7.23            4.38
       Harriman & Co.                                         223,958,369 (P)            7.23

     AllianceBernstein L.P.      H                            156,907,977 (L)            5.06            1.53



     1.      (L)           (S)       (P)


     2.                          2020      6   30                   A   5,206,932,069                 A
             72.93%                                                                       H     292,208,000
                           H         9.43%          A   H               5,499,140,069
             53.71%




37
                     6      2019




     2020   6   30
            7    8

                                                                     352




1.




                         867,000 A   707,000 A   -160,000 A
                         731,533 A   731,533 A                0 –
                          98,467 A    98,467 A                0 –
                          98,000 H    98,000 H                0 –
                         712,300 A   534,300 A   -178,000 A
                         712,267 A   534,267 A   -178,000 A
                         716,368 A   537,368 A   -179,000 A
                         111,274 H   111,274 H
                         713,668 A   693,668 A    -20,000 A
                         139,220 A   105,220 A    -34,000 A
                          80,353 A    80,353 A                0 –
                          92,400 H    92,400 H                0 –




                                                                     2020   38
     2.               A

              A




                                              A                A                                     A               A
                                                                              A      A


                                       1,120,000                   0       373,332          0                  1,120,000
                                       1,064,000                   0       354,666          0                  1,064,000
                                         784,000                   0       261,332          0                    784,000
                                       1,008,000                   0       336,000          0                  1,008,000
                                       1,008,000                   0       336,000          0                  1,008,000
                                       1,064,000                   0       354,666          0                  1,064,000
                                       1,008,000                   0       336,000          0                  1,008,000
                                       1,008,000                   0       336,000          0                  1,008,000
                                       1,008,000                   0       336,000          0                  1,008,000
                                       1,008,000                   0       336,000          0                  1,008,000
                                       1,008,000                   0       336,000          0                  1,008,000
                  /                   11,088,000                   0     3,695,996          0             /   11,088,000

                  2017        2   A                                                  2019       12   18    2020 12       17
                                       2020       6   22               2019                               A
                                                           19.40        A                                    10.13         A



          A
                          A                                                                                      A




39
2017             A

2017    12   18                2,358                      40,333.54
             28.40        2018 12 17
             457                     6,233.69         A
10.61
                                              19.40
                                 10.13

                                                 6
                 62,700.65         2020   6     30                    6.12%
                                                     24
                                                       24                     36



             A




                                  24                                          1/3
                     36
                                  36                                          1/3
                     48
                                  48                                          1/3
                     60




                                                                              2020   40
     A




              24                            1/3
         36
              36                            1/3
         48
              48                            1/3
         60




                   2020   6   30

                                    7   8

                              352




41
5     19,558,410    19,395,807
6      6,983,155     6,846,371
5      1,301,066     1,334,487
5     12,059,979    10,809,744
7     31,158,546    32,004,786
8      1,911,187     1,705,313
9      1,107,308     1,224,218
9      3,308,088     3,137,472
       4,129,107     4,140,853

      81,516,846    80,599,051


       6,845,837     6,927,830
10    17,661,646    16,843,950
9         15,120         6,948
9      1,844,995       842,845
       3,533,414     6,959,924
       1,655,200     1,678,017
      16,767,489    23,604,986

      48,323,701    56,864,500

     129,840,547   137,463,551


11    10,237,925    10,237,708
      27,907,353    28,144,766
      42,587,751    41,805,637

      80,733,029    80,188,111
       2,293,721     2,320,135

      83,026,750    82,508,246




                           2020   42
     12       355,100       262,876
     13     7,729,653     7,691,622
     6      1,253,271     1,232,042
     8        210,360       183,136
              882,595     1,014,776
            2,919,457     2,795,975

           13,350,436    13,180,427


     12    27,070,818    33,616,467
            1,218,915     1,528,757
              203,185       284,124
     13     4,803,289     6,168,929
     6        167,154       176,601

           33,463,361    41,774,878

           46,813,797    54,955,305

          129,840,547   137,463,551




43
4     25,641,584     28,351,459
     (24,675,356)   (26,310,099)

        966,228      2,041,360

      (1,429,927)    (1,734,589)
      (1,642,854)    (1,780,519)
         (43,794)       (10,087)
         205,706        170,742
         392,166      1,671,268

14    (1,552,475)      358,175

         50,798         43,478
15     (235,236)      (291,981)
7     3,986,867      4,866,225

      2,249,954      4,975,897

16       92,389          (2,118)

      2,342,343      4,973,779



      2,317,770      4,918,558
         24,573         55,221

      2,342,343      4,973,779




                            2020   44
             1,611         382


          (116,910)      (6,281)

          (115,299)      (5,899)

          2,227,044   4,967,880



          2,202,471   4,912,659
             24,573      55,221

          2,227,044   4,967,880




     17        0.23        0.48

     17        0.23        0.48




45
     10,237,708 28,144,766 41,805,637 80,188,111            2,320,135 82,508,246

             –           –    2,317,770     2,317,770       24,573    2,342,343
             –    (115,299)            –     (115,299)           –    (115,299)
             –    (115,299)    2,317,770     2,202,471       24,573    2,227,044

             –            –   (1,535,656) (1,535,656)      (67,186) (1,602,842)
             –            –            –          –       16,000      16,000

             –    (115,907)             –    (115,907)           –    (115,907)
13
           217         2,884             –        3,101           –        3,101
             –       (9,091)            –       (9,091)        199        (8,892)
           217     (122,114) (1,535,656) (1,657,553)         (50,987) (1,708,540)
     10,237,925 27,907,353 42,587,751 80,733,029            2,293,721 83,026,750

     10,232,497   26,880,662    39,490,695    76,603,854    1,370,853   77,974,707

             –            –    4,918,558     4,918,558      55,221     4,973,779
             –       (5,899)            –       (5,899)          –       (5,899)
             –       (5,899)    4,918,558     4,912,659      55,221     4,967,880

             –            –   (2,865,995) (2,865,995)       (35,815) (2,901,810)
             –            –            –          –     1,070,575 1,070,575

          3,985      13,648              –      17,633            –      17,633
13
             –            3             –            3           –            3
             –        4,035             –        4,035           –        4,035
          3,985      17,686     (2,865,995) (2,844,324)     1,034,760   (1,809,564)
     10,236,482   26,892,449    41,543,258    78,672,189    2,460,834   81,133,023




                                                                              2020    46
     (6,543,884)   (3,219,146)
        251,639       203,089
       (422,165)     (388,895)
       (167,200)     (349,603)

     (6,881,610)   (3,754,555)




     (3,482,087)   (5,584,521)
         46,143        17,961
       (407,126)            –
       (349,542)     (221,199)
        (15,000)     (290,900)
        (52,500)      (10,000)
              –       22,350
          7,099             –


     (1,634,141)   (3,542,554)


       766,188     1,701,149
        60,917        38,136
      (500,000)      (85,000)
             –       10,718
     5,375,828     4,012,744
     3,430,628     3,200,419
             –      636,340

     3,246,407       (94,357)




47
11            –       16,610
         16,000     1,070,575
     (1,535,656)   (2,865,995)
        (35,570)      (27,243)
      3,436,415     2,340,466
         92,661             –
         13,980             –
     (2,477,231)   (1,966,572)
     (2,409,590)            –
       (185,963)       50,388
       (111,972)      (75,205)
        (13,292)            –
         (1,137)        5,398

     (3,211,355)   (1,451,578)

     (6,846,558)   (5,300,490)
     23,604,986    27,729,586
          9,061        12,218

     16,767,489    22,441,314




                          2020   48
     1




         448–458   23




     2

                         34




     3




49
3

    (a)




                        3
               1                   8

                        9
          39                   7
                        2018




    (b)




                        16




               1
               16

               37

                        3
                        17
                        10
                   28




                                       2020   50
     4




         10%




51
4




         24,583,430    1,215,845    (157,691)         –   25,641,584
            (46,138)    (111,553)    157,691          –            –

         24,537,292    1,104,292           –         –   25,641,584

    15

         22,665,639           –           –         –   22,665,639
          1,397,994     136,415            –         –    1,534,409
            473,659     967,877            –         –    1,441,536

         (1,866,278)     76,115            –         –   (1,790,163)
                                                163,385       163,385
                                                 74,303        74,303

                                                           (1,552,475)
              7,765        2,686           –    40,347        50,798
           (137,345)      (3,805)          –   (94,086)     (235,236)

          3,726,434     260,433            –         –    3,986,867

                                                            2,249,954
           149,903       (57,380)          –      (134)       92,389

                                                            2,342,343




                                                                   2020   52
     4




              27,307,673    1,146,258    (102,472)          –   28,351,459
                 (34,439)     (68,033)    102,472           –            –

              27,273,234    1,078,225           –          –   28,351,459

         15

              25,443,294           –           –          –   25,443,294
               1,298,463     128,739            –          –    1,427,202
                 531,477     949,486            –          –    1,480,963

                (351,592)    215,708      18,057           –      (117,827)
                                                     118,934        118,934
                                                     357,068        357,068

                                                                    358,175
                   8,784        4,408           –     30,286        43,478
                (110,894)     (10,320)          –   (170,767)     (291,981)

               4,617,637     248,588            –          –    4,866,225

                                                                  4,975,897
                  35,780      (40,861)          –      2,963        (2,118)

                                                                  4,973,779




53
4




    96,820,858    32,894,970 (36,640,214) 36,764,933 129,840,547

    101,925,922   37,036,319 (36,341,329) 34,842,639 137,463,551




    51,169,847    23,018,630 (36,640,214)   9,265,534   46,813,797

     51,542,547   27,583,109 (36,431,011) 12,260,660    54,955,305




                                                               2020   54
     5




         19,395,807    1,334,487 10,809,744
          1,273,084            – 2,239,224
              2,566       (2,566)         –
            (27,018)           –    (1,686)
         (1,086,029)     (30,855)  (987,303)

         19,558,410    1,301,066    12,059,979




         16,318,393    1,485,994     8,539,985
          4,237,221            –    1,816,880
             25,557      (25,557)            –
            (43,703)           –      (10,253)
                (17)           –            –
           (924,185)     (31,977)     (565,191)

         19,613,266    1,428,460     9,781,421




55
6




                 5,617,725    5,462,360
                 1,327,371    1,338,808
                    18,464       21,800
                    19,595       23,403

                 6,983,155    6,846,371



                   167,154      176,601
                 1,253,271    1,232,042

                 1,420,425    1,408,643




    5,462,360    1,384,011    6,846,371
      214,435      123,753      338,188
      (59,070)    (142,334)    (201,404)

    5,617,725    1,365,430    6,983,155

    3,929,992     361,120     4,291,112
      266,496     605,597       872,093
      (63,760)    (94,091)     (157,851)

    4,132,728     872,626     5,005,354




                                    2020   56
     7




                     22,953,643   23,867,207
                      8,204,903    8,137,579

                     31,158,546   32,004,786




               (i)    3,580,985    4,295,449
               (i)      405,882      570,776

                      3,986,867    4,866,225


         (i)




57
7

    7.1

          (a)




                                                 23,867,207    22,113,574
                        (i))                        422,126       290,900
                                                          –          (22)
                                                     (6,949)            –
                                                  3,580,863     4,342,566
                                                 (4,909,604)   (3,301,991)

                                                 22,953,643    23,445,027


                (i)
                                   329,686,000

                      15,000,000




                                                                      2020   58
     7

         7.1

               (b)




                               %

                               50   1

                               50   1

                               50   1

                               50   1

                               50   1

                               50   1

                               50   1



                     1




               (c)




                         90%




59
7

    7.1

          (c)




                 76,756,328     74,621,992


                 47,650,950     52,811,062
                 42,234,948     46,104,137

                 89,885,898     98,915,199

                166,642,226    173,537,191



                 20,728,436     21,693,717

                 10,302,631      5,980,843

                 31,031,067     27,674,560


                 22,186,760     23,703,660
                 72,527,864     79,557,334

                 94,714,624    103,260,994

                125,745,691    130,935,554

                 40,896,535     42,601,637
                    (18,341)       (17,206)

                 40,878,194     42,584,431



                                       2020   60
     7

         7.1

               (c)




                     107,259,368    118,137,092
                     (88,955,681)   (97,408,737)
                     (11,138,691)   (12,022,625)

                       7,164,996      8,705,730
                          (1,135)          (107)

                       7,163,861      8,705,623
                               –             –

                       7,163,861      8,705,623




61
7

    7.1

          (c)




                                    九                          九




                 47,321,851    44,697,440    34,183,920    35,192,313    47,851,658    51,895,282           –           –
                 36,124,458    42,413,233    24,412,426    26,733,071    46,635,829    44,880,364   4,802,616    3,222,567
                 12,359,199    13,813,233    12,342,414    12,477,307     2,778,681     6,069,868           –           –
                  9,633,305    10,648,201     6,223,367     6,922,310     3,798,026     8,617,899           –           –
                  2,013,082     1,992,311     1,530,075     1,473,738       372,401       540,777           –           –
                 47,153,016    47,115,278    40,674,235    41,108,831     1,954,191     1,823,989           –           –
                  2,581,905     3,032,838     1,318,760     1,729,641     2,017,084     2,128,212      44,055       12,660

                157,186,816   163,712,534   120,685,197   125,637,211   105,407,870   115,956,391   4,846,671    3,235,227




                                                                                                                     2020     62
     7

         7.1

               (c)




                      157,186,816     163,712,534
                     (120,685,197)   (125,637,211)
                          (18,341)        (17,206)

                      36,483,278      38,058,117
                            50%             50%

                      18,241,639      19,029,059
                       2,916,552       2,916,552
                       2,895,293       2,895,293
                          21,259          21,259

                      21,158,191      21,945,611




63
7

    7.2

          (a)




                              8,137,579     6,881,735
                      (i)       402,042       231,199
                                   (150)            –
                                402,528       576,405
                               (737,096)   (1,132,652)

                              8,204,903    6,556,687


                (i)
                            323,192,000

          (b)




                                405,882      570,776

                                405,882      570,776




                                                  2020   64
     8




                       1,522,177    901,098
                  16     178,650    331,315

                       1,700,827   1,232,413


     9




         9.1



               

               



               




65
9

    9.1



               1            2              3

                (a)          (b)            (c)




           606,042            –             –     606,042
            50,850    1,576,440              –   1,627,290
                 –           –     1,409,277    1,409,277
                 –           –       144,790      144,790
           205,297            –             –     205,297
                 –           –       554,524      554,524
                 –     605,863              –     605,863

           862,189    2,182,303      2,108,591    5,153,083




           380,640              –          –     380,640
                 –             –    726,668      726,668
                 –             –     15,120       15,120

           380,640              –    741,788     1,122,428

          1,242,829   2,182,303      2,850,379    6,275,511




                                                        2020   66
     9

         9.1



                    1            2             3

                     (a)          (b)           (c)




                732,236            –            –     732,236
                 50,191    1,017,380             –   1,067,571
                      –           –      785,539      785,539
                      –           –      148,871      148,871
                114,724            –            –     114,724
                      –           –      543,952      543,952
                      –     587,424             –     587,424

                897,151    1,604,804      1,478,362   3,980,317




                497,550              –          –    497,550
                      –             –    726,668     726,668
                      –             –      6,948       6,948

                497,550              –    733,616    1,231,166

               1,394,701   1,604,804      2,211,978   5,211,483




67
9

    9.1

          (a)




          (b)




                

                




                   2020   68
     9

         9.1

               (c)




                     543,952      785,539    726,668     148,871      6,948    2,211,978
                      10,564    1,140,403          –    143,000     56,465    1,350,432
                       3,738       19,335          –      7,593          –      30,666
                      (3,730)    (536,000)         –   (154,674)   (48,293)    (742,697)

                     554,524    1,409,277    726,668    144,790     15,120     2,850,379




                           8        4,506          –      2,474          –       6,988




69
9

    9.1

          (c)




                            1,409,277      4%-5.6%
                              726,668   145-153
                              554,524        1%-3%
                      (i)
                             144,790    5.36%-6.35%


                (i)




                                                2020   70
     9

         9.1

               (c)




                                  214,981      582,275    714,896     96,157      1,608,309
                                  300,750    1,366,856          –   145,000      1,812,606
                                   17,932        6,309          –    (2,790)        21,451
                                   (1,290)    (834,653)         –   (93,000)      (928,943)

                                  532,373    1,120,787    714,896    145,367      2,513,423




                                   17,932        5,793          –      367          24,092




                                 1,120,787                                      3.10%-4.90%
                                   714,896                                      139-153
                                   532,373                                           1%-3%
                           (i)
                                  145,367                                       5.81%-6.35%


                     (i)




71
10

       0     365




     3,869,507     2,908,145
       230,741       561,819
         3,987        78,988
        77,748         7,363
           462         8,401
       102,563       155,960

     4,285,008     3,720,676

     (258,525)     (254,327)

     4,026,483     3,466,349




                         2020   72
     11

                                                                                 1
                                                        1                         H




                                        7,139,088    7,139,088     3,098,620   3,098,620 10,237,708 10,237,708

                            13                217           217           –          –       217        217

                                        7,139,305    7,139,305     3,098,620   3,098,620 10,237,925 10,237,925


          (a)


                    A                        2,358
                  403,335,400           A
                           A

                                                                                                       (Black-
                Scholes)                                    3.85



                                            457                     62,336,900                   A

                  A


                                 2.11




73
11

     (a)

                                                                 10   4
                         2,918,122,000             161,335,000

                                             282
                 50,125,000    2020      6    30       169,257,814              A



                                                                          A
                         126,455,000



           10,548,000

12




                                                        8,993,215     11,749,823
                                                          299,842        318,534
                                                           28,350         39,981
                                                           44,634         34,585

                                                        9,366,041     12,142,923




                                                                              2020   74
     13




                                          1,865,403       1,853,578
                              (a)         2,989,407       2,987,685
                  (b)                     2,575,079       2,550,677
                        (d)                 299,764         299,682

                                          7,729,653       7,691,622



                                          3,950,856       3,146,812
                                             70,000          70,000
                              (a)            61,719       2,245,284
                        (c)                 320,890         306,979
                              (e)           399,824         399,854

                                          4,803,289       6,168,929

                                         12,532,942      13,860,551


          (a)                       10   3,000,000,000
                5.09%




75
13

     (b)                                        41,055,800
           4,105,580,000                                                  0.20%             0.50%
                  1.00%         1.50%          1.50%            1.60%
                                   4,105,580,000
                                                  21.87        1
                                              45,546,000
                                                                   3,672,418,000
               387,578,000




                                      14.26                                14.41



             3,102,000                                                                      14.26
           14.41                                  217,000
                    3,101,000



     (c)                                              300,000,000
                   5.11%
                                                                           299,508,000

     (d)                                                   300,000,000
                      4.56%
                                                                                        299,508,000



     (e)                                                   400,000,000        270
                                  2.18%
                                                                                   399,910,000




                                                                                                 2020   76
     13

          (f)




                13,860,551    12,440,723
                 5,999,721     4,901,153
                (5,178,911)   (4,473,855)
                    70,000        73,022
                   (70,000)     (100,000)
                   399,910             –
                  (400,000)            –
                (2,000,000)            –
                    (3,101)           (3)
                   247,683       188,614

                  (392,911)     (138,485)

                12,532,942    12,891,169


     14




                 2,305,591     1,679,204
                         –           17
                       112       (14,691)
                    43,794        10,087
                 3,945,660     4,172,588
                    (3,426)       (1,278)
                  (314,167)   (1,760,694)
                         –      (22,328)
                    19,893        10,221


77
15




                                   200,262     212,691
                                    34,974      79,290

                                   235,236     291,981


16




                                     86,261     333,433
                                   (178,650)   (331,315)

                                    (92,389)      2,118


     (i)




           15%   25%   15%   25%




                                                    2020   78
     17

          (a)




                 2,317,770    4,918,558
                10,237,708   10,233,717

                      0.23         0.48


          (b)




79
17

     (b)




                                                  2,317,770          4,918,558
                                                     46,857             58,874

                                                  2,364,627          4,977,432

                                                 10,237,708         10,233,717

                                                          –             4,809

                                                    178,981           176,506



                                                 10,416,689         10,415,032

                                                       0.23                 0.48


18




                                      0.03
                                       0.05         307,138           511,824


                                              1,535,656,000
           2,865,995,000

                                                                     0.03
                               0.05                   307,138,000
                 511,824,000


                                                                             2020   80
     19




                                                                    1,076,738             1,054,365
                                                                    1,072,939             1,233,384

                                                                    2,149,677             2,287,749



                                                                              –             12,880
                                                                              –          2,754,435

                                                                              –          2,767,315



                             (i)                                    1,223,692             1,402,920

                                                                    3,373,369             6,457,984


          (i)
                                     360,000,000



                                                266,605,000           79,470,000




                                             20,330,000                     143,926,000
                37,855,000         267,994,000



                                   14,930,000                 102,900,000




81
20




           24




     (a)




                 987,812    1,587,284
                 146,137       27,152
                     159            –

                1,134,108   1,614,436


                  82,625       73,520
                     177          386

                  82,802       73,906

                1,216,910   1,688,342


                 460,809     568,502
                 283,688     253,181
                      62         240
                      86          81

                 744,645     822,004


                                   2020   82
     20

          (a)




                 419,750     476,617
                 341,116     190,831
                   9,207           –

                 770,073     667,448


                4,128,680   3,866,043
                      462         455

                4,129,142   3,866,498

                4,899,215   4,533,946


                  10,004      37,899
                  24,815      27,709
                   9,207       1,833

                  44,026      67,441


                 117,622     118,920
                     330         374
                   7,541       6,938

                 125,493     126,232




83
20

     (a)




               471        351
               505        675
               265        321

             1,241      1,347


            19,993     19,115
            30,327     28,814
            14,610     13,254

            64,930     61,183


           585,000     85,000


            85,000          –
                 –    20,000

            85,000     20,000


            70,000     70,000


            70,000    100,000


            20,681          –


            18,142          –




                           2020   84
     20

          (b)




                               7,392   5,911


          (c)




                (i)




                (ii)


                       13(a)




85
21


                                            0.03
                           10,237,925,000
     307,138,000   A   H




                                                   2020   86
                     20%    50%




                                  2016       6       8
                      60%

                                          2018               12
                                         AW
                                                              40%

     2018   4   16
                           2000   3    21




                                      2014       8       4
                           49%

                                                                     2013     4



     2018   2   28
                                                                  2000   8   29




87
    2010   3   9

                                          2017 1
                                           90% 5%           5%



                    2007       11    28



                   1998    5    13




                                2012      9   25

                                                                 2017
7

                                                   2018     4

     45%



                                          2010     5   25




                   2004    9    1




                                                                   2020   88
                     2004   2     24
               30%

                                                                 2006
           6    29



                                                       2000    10    18



                                                              2008    7
           21




     MPV




                     571               條例

                                       2003   10   8

                     70%    30%




89
SUV



      2011 6 8
          53.55%

                   1992

             50%




                          2020   90