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＋ ( 4,249.46 11.62% 9,499.11 10.65% 8,823.04 10.73%
3.3)
√ ( 3.5) 2,286.30 6.25% 5,255.97 5.89% 5,123.90 6.23%
5,522.67 15.10% 13,944.37 15.63% 14,068.02 17.10%
36,567.30 100.00% 89,189.00 100.00% 82,243.86 100.00%
3.1
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2 2 2 2 2 2 2 2 2 2
2 2 2 2 2 2 2 2 2 2 2
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2 2 2 2 2 2 2 2 2 2
2 2 2 2 2 2 2 2 2 2
2 2 2 2 2 2 2 2 2
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49,426.26 3 55,011.89 22,369.49 100%4
2018 1-5 2017 2016
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2018 1-5 2017 2016
I
26,382.80 59,579.72 52,388.08
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2016 32017
2018 5 31
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442,362,856 √ 502,542,681 4 18
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2018 1-5 2017 2016
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274 645 644
313 674 631
818 854 867
27.75% 44.58% 43.22%
728
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131 313 329
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738
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88 275 237
90 290 245
382 389 361
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748
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52 135 106
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28.11% 55.33% 47.96%
758
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101 188 172
89 184 178
205 184 181
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768
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1059 1053 981
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788
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= /7 + 84
7 8
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7 8 2015 15.10%
2017 20.25%
2016 22.66%
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7 8 2015 22.22%
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7 8
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3 3
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100.00% 100.00% 100.00%
728
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；E 业 2
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2018 1-5 2017 2016
7 8 A 539 531 502
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1 √/ 4
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；E 502 3531 539
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4
23
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4
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2018 6 -12
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4 E
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3
三
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2018 5 31 2017 12 31 2016 12 31
三 41,867.14 46,071.71 50,673.07
1.75 1.81 1.63
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2018 5 31 / 2017 12 31/ 2016 12 31/
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22,659.20 60,367.98 60,522.72
41,867.14 46,071.71 50,673.07
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；
4
33
2018 1-5 2017 2016
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–
4
4
43
4
三 √
三
2015 12 31 /2015 24,931.47 2.41
2014 12 31 /2014 24,982.65 2.10
2017 12 31 /2017 6,039.15 0.63
2016 12 31 /2016 4,321.29 0.74
2017 12 31 /2017 1,934.78 7.91
2016 12 31 /2016 1,783.12 6.62
2017 12 31 /2017 46,071.71 1.81
2016 12 31 /2016 50,673.07 1.63
5 ＋ —
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4
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1.16
1.0231.14 √ 1.22
3SAT
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4
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4
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2018 5 31 2017 12 31 2016 12 31
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10,543.44 26,351.47 22,964.88
7,416.01 6,282.64 5,959.74
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33
2018 1-5 2017 2016
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4
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2017 5 31 /2017 86,663.00 2.38
2016 5 31 /2016 64,690.30 2.58
2017 12 31 /2017 1,413.27 1.76
2016 12 31 /2016 1,648.63 1.48
2017 12 31 /2017 51,717.10 2.49
2016 12 31 /2016 40,164.70 2.42
2015 12 31 /2015 30,395.41 2.07
2014 12 31 /2014 37,269.46 1.85
2017 12 31 /2017 6,282.64 4.10
2016 12 31 /2016 5,959.74 3.89
3
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26,000.00 ； 。
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1,383.93 1,232.79 151.14 -
＋ 1,605.95 1,605.95 - -
862.35 862.35 - -
452.90 452.90 - -
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520.23 508.98 11.24 -
112.39 112.29 - 0.10
138.34 131.11 - 7.23
5,443.95 5,274.24 162.38 7.33
2017 12 31 三
1,648.54 1,648.54 - -
＋ 1,464.74 1,464.74 - -
526.47 526.47 - -
397.90 397.90 - -
√ 253.36 198.37 54.99 -
142.88 142.88 - -
101.83 101.73 0.10 -
195.60 183.44 - 12.17
4,731.32 4,664.07 55.09 12.17
2016 12 31 三
1,784.24 1,784.24 - -
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24,428.57 69,193.09 78,327.90 88,109.75 97,856.17 107,423.19 115,882.75
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1 万 3
4
2 4
2018 5 31 5 6
2016 2017 2018 E 2019 E 2020 E 2021 E 2022 E 2023 E
5,073.15 6,123.28 4,988.80 5,703.02 6,641.09 7,611.71 8,349.75 8,978.14
5,039.63 6,491.73 6,263.46 7,183.22 8,366.39 9,601.82 10,566.14 11,372.09
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49,426.26 55,011.89 58,509.59 68,060.37 78,157.11 89,526.07 98,183.40 104,706.11
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289 283 282 271
169 163 152 145
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255 250 236 224
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7 / 8 8,720.30 11,645.28 13,217.39 14,605.22 15,481.53 16,410.42 16,902.73
7 8 1,843.16 3,903.21 4,961.77 5,825.41 6,529.98 7,285.16 7,860.12
7 8 1,377 2,638 2,875 3,003 3,121 3,228 3,322
7 / 8 8,174.91 7,739.79 8,297.05 8,828.06 9,322.44 9,769.91 10,063.01
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7 8 2,056 3,530 3,883 4,194 4,445 4,623 4,715
7 / 8 4,960.32 6,762.16 7,373.21 7,952.48 8,464.05 8,872.54 9,140.21
7 8 1,019.85 2,386.98 2,862.95 3,334.90 3,762.39 4,101.73 4,309.98
2018 5 31 5 6
2017
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10,004 9,679 10,502 11,394 12,306 12,921 13,309 13,708
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10,929.97 12,638.82 12,275.70 13,319.13 14,384.66 15,103.89 15,708.05 16,179.29
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10,934.34 12,233.11 12,891.59 15,176.30 17,701.63 19,516.05 20,905.59 22,178.74
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5,830 5,640 6,119 6,640 7,171 7,529 7,755 7,988
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11,560.09 12,242.73 13,707.13 14,872.23 16,062.01 16,865.11 17,539.72 18,065.91
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6,739.53 6,904.90 8,387.94 9,874.49 11,517.61 12,698.16 13,602.27 14,430.65
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2,330.59 1,996.60 3,380.53 4,144.70 4,964.52 5,866.08 6,646.26 7,393.30
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2,200 2,282 2,350 2,503 2,653 2,799 2,883 2,970
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6,473.45 7,022.61 7,871.58 8,737.46 9,611.20 10,380.10 11,210.51 12,107.35
7 / 8
1,424.16 1,602.56 1,850.18 2,187.20 2,550.27 2,905.78 3,232.39 3,595.71
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2,891 2,666 2,746 2,924 3,108 3,263 3,361 3,462
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5,781.18 6,040.85 7,734.16 8,584.92 9,440.95 10,196.22 11,011.92 11,892.88
7 / 8
1,671.34 1,610.49 2,123.78 2,510.63 2,934.07 3,327.23 3,701.21 4,117.23
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4,288.61 14,576.33 16,908.73 18,410.51 19,758.53 21,104.88 22,305.28
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2018 5 31 5 6
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10,934.34 12,233.11 12,891.59 15,176.30 17,701.63 19,516.05 20,905.59 22,178.74
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29,892.42 32,626.11 37,573.69 44,703.83 53,071.76 59,912.49 65,414.07 70,331.59
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7,512 590,234 9,145.54 154.95
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3,955 515,395 6,680.82 129.63
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2018 5 31 5 6
2016 2017 2018 E 2019 E 2020 E 2021 E 2022 E 2023 E
29,276.47 32,293.44 32,203.08 37,110.79 43,225.08 49,880.15 54,384.89 58,530.83
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－ √ — 2018 5 31
5 6 √
2016 2017 2018 E 2019 E 2020 E 2021 E 2022 E 2023 E
59.93% 61.58% 64.83% 64.54% 64.42% 63.84% 64.02% 63.86%
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4 3
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9,353.33 70.83% 23,248.12 69.05% 22,021.76 69.29%
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22,665.04 24,531.22 26,243.87 27,769.48 29,073.75 30,292.67
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466,700.00
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20,604.93 22,335.79 25,038.67 27,683.32 29,732.02 31,536.29
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3,870.31 48.16% 10,272.97 54.61% 8,104.80 49.32%
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6,437.33 80.10% 16,000.79 85.06% 13,394.43 81.51%
8,036.47 100% 18,811.30 100% 16,432.19 100%
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9-12
2,085.18 10,166.67 11,183.33 12,078.00 12,802.68 13,314.79 13,847.38
＋ 470.58 1,428.07 1,570.88 1,696.55 1,798.34 1,888.26 1,982.67
√ 1,542.73 4,851.61 4,718.96 4,584.36 4,448.40 4,312.30 4,191.04
2,538.89 6,218.70 7,058.04 7,884.96 8,720.05 9,558.40 10,271.59
6,637.38 22,665.04 24,531.22 26,243.87 27,769.48 29,073.75 30,292.67
13
＋ E E
23 ＋
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33 √ －√
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43 — 3
4
4
2018 1-5 √ 3
＋
4
3
7 8
3 3 ＋
3 3 √ 3 3 3 3 √
4 3 3 √
E
2018 1-5 2017 2016
3,252.87 35.71% 7,687.86 34.27% 6,855.02 31.96%
4,178.87 45.88% 10,235.28 45.62% 9,992.61 46.58%
√ 963.86 10.58% 2,631.17 11.73% 2,883.18 13.44%
8,395.60 92.17% 20,554.31 91.62% 19,730.81 91.98%
9,109.14 100.00% 22,435.27 100.00% 21,450.47 100.00%
41,141.06 112,738.33 100,995.19
22.14% 19.90% 21.24%
；E 3 3 √
90% 4 2018
1-5 2016 32017
2018 1-5 4
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) (
7 8
2017 8 31 5 6
2017
2018 2019 2020 2021 2022 2023
9-12
4,034.61 9,923.11 11,300.23 12,624.65 13,917.85 15,189.98 16,299.70
5,190.59 13,527.29 15,404.59 17,210.05 18,972.95 20,707.13 22,219.91
√ 1,803.92 3,962.60 4,512.52 5,041.40 5,557.81 6,065.81 6,508.96
769.39 2,282.52 2,569.92 2,846.30 3,116.18 3,381.67 3,613.24
11,798.50 29,695.53 33,787.27 37,722.42 41,564.79 45,344.58 48,641.81
13 3 3
—
23 ＋
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33 √ －√
4
—
2017-2020 7 √ 8 3,700
4,500 5,500 √ 6,600 21.62%322.22%√
20.00%4 Frost & Sullivan –
2012 75 E 2017 165 17.1%4
2017 2022 14.9%
2012 52 2017 125 19.2%4
2017 2022 16.6%
269 4
—
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) (
— 3 √
√ √
√ √
4
4
3 3
3
2017 2016
+ +
7 18 7.41% 19.13% 26.54% 6.04% 22.38% 28.52%
7 28 - 14.53% - - 18.39% -
12.22% 15.59% 27.81% 13.13% 18.11% 31.24%
24.29% 30.46% 54.75% 17.77% 35.86% 53.63%
7 38 30.84% 12.94% 43.78% 31.86% 13.39% 45.25%
18.69% 18.53% 38.22% 17.20% 21.63% 39.66%
16.69% 21.24% 37.93% 16.27% 19.90% 36.17%
13 2014 √ 2015
23 – “
–
33 general and administrative expenses4
；E ； –“
√ 4
√
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√ ；
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3 —
7 8
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) (
13 3 √ 3
3 3
3 3 3 3 3
√ 4
2018 1-5 2017 2016
7 8 13,206.82 32,293.44 29,276.47
7 8 2,245 2,288 2,226
7 / 8 14.12 14.11 13.15
7 8 3,252.87 7,687.86 6,855.02
7 8 698 658 605
7 / 8 11.18 11.69 11.32
7 8 3,870.31 10,272.97 8,104.80
7 8 593 575 563
7 / 8 15.65 17.87 14.39
7 8 20,330.00 50,254.27 44,236.29
7 8 3,537 3,521 3,395
7 / 8 13.80 14.27 13.03
132018 1-5 4
23 √/
E 2018 1-5
2017 2018 1-5
4
23 3 √
3
- 149 -
) (
2017
2018 2019 2020 2021 2022 2023
9-12
7 8 17,194.00 41,679.39 44,469.14 48,865.52 54,400.66 60,364.74 65,406.92
7 8 2,517 2,349 2,387 2,498 2,649 2,799 2,889
7 / 8 16.44 17.74 18.63 19.56 20.54 21.56 22.64
7 8 4,034.61 9,923.11 11,300.23 12,624.65 13,917.85 15,189.98 16,299.70
7 8 762 707 767 816 857 891 910
7 / 8 13.21 14.03 14.73 15.47 16.24 17.05 17.91
7 8 2,085.18 10,166.67 11,183.33 12,078.00 12,802.68 13,314.79 13,847.38
7 8 581 624 666 699 719 726 733
7 / 8 15.86 16.30 16.79 17.29 17.81 18.34 18.89
7 8 23,313.70 61,769.17 66,952.70 73,568.17 81,121.19 88,869.51 95,553.99
7 8 3,860 3,680 3,821 4,013 4,225 4,416 4,532
7 / 8 15.77 16.78 17.52 18.33 19.20 20.12 21.08
2017 9-12 4
3
2018
42017 E 三 —
0 1 0 1
√ 42018 E
3
3 3 3 3 3
42018
4
E 三 ； ” 三
√
4
7 8
E 2016 2017
- 150 -
) (
2017 2016
- -
12.93 13.50
9.46 7.90
15.44 14.25
- -
12.61 11.88
14.27 13.03
1: 5— 6
2016 2017 4
2: 3 √ WIND ；
3
4: = √/
5 2017 14.27
2017 4
；E 2016 √ 2017 11.88 / √
12.61 / 13.03 / √ 14.27 / 4
4
— 4
2016 2017 7
8
- 151 -
) (
2017 2016
1 10.16 9.25
2 E 8.56 7.80
3 9.91 8.95
4 9.75 8.81
5 6.70 6.12
6 7.02 6.40
7 8.52 8.31
8 7.77 7.06
7.04 8.55
14.27 13.03
3 √ 3
4
4
7 8 —
3
2017
2018 2019 2020 2021 2022 2023
9-12
23,313.70 61,769.17 66,952.70 73,568.17 81,121.19 88,869.51 95,553.99
3,860 3,680 3,821 4,013 4,225 4,416 4,532
15.77 16.78 17.52 18.33 19.20 20.12 21.08
56,481.67 147,198.02 167,625.99 187,272.23 206,455.26 225,325.85 241,787.27
41.28% 41.96% 39.94% 39.28% 39.29% 39.44% 39.52%
三 ；
” 三 ；
2018 — 4
4
- 152 -
) (
2017 E 三
三3
” 三 E
— 4 √
三
4
—
4
E 5 6“ ” “ 3
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4 E
4 E
三
4
- 153 -