e~ DD~ 7C ~ f;; iS 13 ~ ~~ ~ I5J
PENGYUAN CREDIT RATING CO.,LTD.
~~*~w~~*w~m~~w~m~~~n~** *W~m~&wgM~A
~~w~m~~~w~~~~w~fi~~~-~~-0~~~~~*
*W~m~~W~M~A~BBfi~M~ft~~. ~~*~~~~m~A~W~*~
w7~~-~~-0~~~ *w~m~mw~*~m*~ffi~MMmff7~~~~
ft~~~. mm~~~tt.mtt~~tt~~ffW~~d~~~~~dm~ .
w~*mmwg~*W~*~~A~B~-Whl*~AA~MB~~. ~~. *W
~m~am~wma~a~w~~~7~~m. #~~~whl*~~AA~~m
rml HH~n~{*i~{~~~~~PJ
~ PENGYUANCREDIT RATINGCO. ,LTD.
~t5: 0755-82872333
1~~ : 0755-82872090 Ill~ ~ : 518040 JXX] ill:: : http://www.pyrating.cn
jl 'i!f ~ % :
~wrw [ 201 7 1 li*~~
~$m~~~MC~~)~ffi~~~~
[1 251 ] % 01 2015 ~~~fgi~ 2017 ~illiffiJf.li~tiJiliS-
ffl~ffU~: 15 :K./%1!1!
:tt!Wi/J:r.\: fJiHiE:tll. f*
- -
1!1.1*.±#:: :K?f./%±!!!f= ;js:;ltij'ffll*ffiffl~~ AA+
~ I HH~0'i\J
:&:tr.±-f**Mmm~~
ffl~~J ~:Ii!il;f§t : 10 {Z,~
ffl~~U:AA 13 :AA: 2020 :
8Ji613 2016 : 9 JJ 21 B
ffl ~~jf/J;r.\: {j'j:if{i
,@.- ?Jz, i UM- ?Jzjf:<$:,
:J3 ~H!Ir~ff:~M~ 3 :
*19:~* @J~jz\11Hl[
~mw~~~0~c ~ ~rn"~ " )~~mm ~~:&:Mc~)H~~~
7Htrfrll
0~ C IV.~ rn "~m:&:M" M " 0~" . H~ 1~~600 322.SH ) .&:lt201 5: 8 Jl 6 B:&: '
\
ttj:;g :
1T B<.J 0~ 1~* c~V-~rn " ;t;: ~ tJH~*") B<.J 201 7 i=Fl~U~!?~hf~~*jj , :<1s:WH~*mffl~
~JXI.IlJ3 :!r~ w~~-
It i.l5: 0755-82872897 0~m:tl!!~iWttJc~~* mM~A~-JE:-f*~. 2o1 6 :~~-g.~PJm~oo*~ 65 .44
~ :111::: www.pyrating.cn JJ3f7J*, 114.80 1l~ . .g.~PJm~OO*~ ~'I:I m~~W!~...t:7t
.g. ~PJ m~~WUtiU T
~U * $1mif 415 . 68 %~ 425.64%. ~~ 201 6 :*0~m :J:&~ml!IOO*~ 264.60 JJ.>f
7f*, ~...t:Wm 7.06%.
~m~~*M-ffli*~~B<.J~~x*~~PT~m~*:Nff-f*~~-f*,~~~:fl-7
*M~*Br!'Pfff §.
m~F~§~~-*~~. ~~0'§Jm~M*r*~~m~-~~
~ffl3Z:~JJX*::k~I.L3T. 2016 :~~-'§"t!Ji 29,170.06 JJ7Go
2011 :1W.=:.*ltffim~mo 2011 :1W - *ll 0'§Jm~:M!!IOO*.Q~ 219.65 JJ
-'f:1J*, ~~~~d> 6.48%, ~IOO*.Q 27.46 JJ-'f:1J*: ~~.g.~mOO*.Q 23.95 JJ
-'f:1J*, ~~~~d> 51.70%, ~r_m.g.~m-~Wl49.95 fZ.Jt. ~~~~d> 44.38%o
~'§100 rlffi~::k~~ffi.7J o t\4~ 2016 :-* 0'§J~~:t9!~ § rr~IHM:ftM 210.20 fZ.
Jt, Bi9:M 105.45 fZ.Jt. M11Wfi9:M 104.75 fZ.Jt. :tEJ!rfff § J§~i9:M3Z:~EE.7J~::ko
~i'fJ~-fflfffi.7J~::k o 2011:9 ~* 0'§JMF:D1f~~ 85.43%, ~U ~Jfffl&!J!lf:~J§
MF:D1f~$~ 79.94%, ~9=' - :r*J3WM~~Jrtl9J:D1f~~_mc 771,908.85 JJJt, 0'§JM
F:D1M~~mMM*C~::k. mMM*-~EE.7J~::ko
201719~ 20161 20151 M}IIIEM
3,757,897.18 3,448,495 .02 2,439,101.31 1,878,021.04
!Yfif1\f;fXiuliH-t Cli.;....__
7G) ____. 560,270.07
if,~fM* CJJiG) 1,589,375.26
~f'=ff-tfM- ------.
~--
tni:z;IJ ~~- 1.78 2.83 3.16 2.54
j!z;IJ~~-
'i~~A. CJJiG) 291,032.60 380,217.63 318,103.74
9,849.39 13,084.08
i!'Ui1IJ,\!l-Wl Cli JG) 43,146.52
~it;§ifU - 26.48% 30.17% 24.59% 33.20%
,\!1-~f'= @JfR. 0.83% 3.25%
EBITDA C)j 7G) 31,061.50 53,117.16 64,097.49
2
EBITDA;fU,~f!~U~HtH& 0.49 0.82
~~i'l§"z;i)fJ!t~W:~Wi ( JjjG) 123,782.28 -220,953.29 -360,552.84 -323,637.17
~iU4*~= 0~ 2014-2016 {f\ffiH~'i!f&* ~lit i.1 2017 {f.:::.~tt!i!H~:J~:'&, ~7G!IV'Jll.
iE!.1~it1J::R9HI~Iii.±:~M*11l*i =
2017 i6 Jj 2016 if: 2015 if: 2014 if:
,\iJ~F CJJ7G) 21 ,328,019.91 20,974,428.53 17,790,017.95 13,300,200.63
J'JT~;j!ttl(.@.iht (7J 7G) 1,871,944.90
~tz::ff:tfm~ 85 .81% 86.43% 84.82% 85 .93%
2,376,753.32
~;fUi1iJ CJJ7G) -39,773.00
' ~
\
\\
.
3
0EJ -T- 2015 ~ 8 }3 6B iiirtJ-@-f&N~:i!t0Jf1it1-J 10{Z.:7t0EJ 1ffl~ , Lit1-JfU .$5.80%o ~
~~~ffl rf~iE~i!!;f}L:ftJ {i\ilfY\,fD~ ~ )t;YJTi:Z)I]~~. ~~~~ Bft ffl JG*o
NDM ~ , 0EJ~--~M~*-~HH*~~~~~A~*Lt~~~.~V~*~
*Lt~~-}t , ft~2017~9J3*, 0EJ~ ~ :AH*:~J%~ 1 H~1f0EJtr-JH;fX~~ fJth26 . 74% ,
~l'fr!J001f~tz:llil:'i~~~93.~~1f~J%~11!1 00%Hif5L 7g0EJ~ ~/F~1!5UA o
20 1 6~0EJ-@-#m!IWT:it2%~~T-0EJ, :5HJIJ 7g3Jt1+1 $ 5J% :J:&tz:Jf1it1f~~0EJ, ~
l'fr!J~!Jt1Jtr1-~li*1f ~~ 0EJ 0
l§±!!!f=7f.:5t
::R~IPl'fJli)\:d~HIHHHlt01"f] 25.00 I 00% H~%
~*4*~= 01"f]:tnd;J:~
ft~2 016 ~ 1 2J§3 1 B, 0EJ~f",~,W!7g3,44 8 ,49 5.027J:lt, ?Jf1f1!f~_@7g s2 5, 425 . 7 17J
5t, ~ tz:ffi. 1ffl.$7g 84.76%; 2016 ~1l , 0EJ ~:E~V ~: A3 5 3, 1 24.8 97J 5t, fU ~!J,~,W!
-16,242.667J:Jt, ~VmZ9J~~f1l-Ym: tf:l 22 0 ,9 53.297J:lt o
ft~ 2017 ~9 J3 30 B, 0EJ ~f",~, W!7g3,757, 897.I8 7J:lt , ?Jf1f1!f~_@'}g s47, 667. 65 7J
:Jt , ~tz:ffi.1ffl.$7g 8 5 .43%; 2 01 7~ 1-9}3 , 0EJ~ ~ V~:A2 91 , 032. 60 7J:Jt, 5f!J ~!L~,W!
33,365.277J:Jt, ~VmZ9J:E~~f1l-Ym:A l 23,782.287] :lt o
2016~95-:J:&tz:1P%.rfi:>1UIE:!Il!!, :1:1ft1FJt, ffi~~i}ijj~il;&-1&~, 2016~.mll!l~lt ~*
itliJ195-Wi'@f1ft~~r~Ji!
201 6~J% :J:&tz:r!J:f:P1m~x;i;i, 7g T 1111 1!5u J% 1ft rltR:.L~. 2 016 ~ 9 J3 ~ ~ ~c oo ~ ~~
~ - = ~~r!J~ :-~mtf:lTttJ%~~ ~~-- o ~ OO l ?Jf~, ~~ : -~J% 1ft~ ~ :~t
~-~~.~~ ~~~r!J~~Fm , J% 1ft:~ttr-J~* = ~~r!J&~ . ~~~
r!J~affi~~ ~ o~moo%~ *~~m , OO~ w:A~~ r!J~ ~~r!JWTJ!tt~ 1ftt&m~ J3
1
4
IH~~:i!M2o16i:f:9Jj 8, ~~tum &.~~:1:8<1 ~ ~1t:
± ~WJIE1fl:t!~~__tlo ~mOO*gjfif}i'ij0~~m, ~OO±!i!!WJIEOOf9,J_A2013:8%0Wf~1t~AABj-J%~~-:51-::0~~~,~~~~~~~. X1~~~~~
~~Oi :li!! F~~iJ 0~ffl~tr*trT~~o W16 i:f: Q1l *ll\2J-*, ~ :li!! ]f,J ~@trX1 J% :li!! F
~~iJm~~aili~~~-.~~rl$M~*Amrtfo!M!Mi!&iJ ~~m :li!!F~~e. J3 - :1f00!!20I6 ~ - *ll7f~il. 7Cif"fP!)jt~ti:Jfll%
~~WJJJ$c~ .~nr~~M=~~w.~~*#I1WJUJ~A~d>.W*1fOO~-~~~o7Cif
rP~~.tr/Jit-f~J::Jt, ~i:f:~"fPj:f<=,tr/,{ll CGDP) 17,885.39fZ.:JG, t§-aH~1fl-f%it . ~~_t
i:f:m-K9.0%o ;It~, ~ -rz:~m}JQ{ll220 . 22fZ.:JG, m-!f3.0%; ~ = t:~m}JQ{ll8,003.87fZ.
:JG, m-!fs.o%; ~ = rz:~mnQ1!l9,661.3 0fZ.:JG, m-!fio.o%o = {J(tz:~~;jg~l.2:44.8:54.0 o
~i:f:r~mnQ1!l7,238.7ofz.:JG, m-!fs.3%, ~H#IQI~'BtFN'Bt i4, 629.22fZ.:JG. m-!fi2.o%,
7
IPJ a-t~W:m tl:l i:l7 :1Jot1Ut19:~ ~5t:it!:ittlmliJf it±&, :ft:tf ~ ~iAA:lE** 'L' IR, ~iti!-B'J~:JE'lf
7r,m!R, r&1!1i:7fnt5t1riR, ep " - t-&= iR" s!I!B = :::rGt ,;:p./5* )
~9H4*m!: wind~fl'R, ~:lG~Jlll
:lf'"~~WJ"~ :tE7f'~tilri"~~WJ"J1Hl1iBjZ:/J*&
~_t~m~~LS%{!El&. il*::f~R.:, _t;4It, ?*:fJIII
!i!Hium, oo ~stl!!- r.u,
2016if:2.fl Hl~r, ~=~11~Tiif~9o:>jZ:IJ*&~ r~~I%{i
111t$
~&~m, 9o:>jZ*~..t~~2%tif~&~m, 'i~m~tt
WH '*X6 .48%, ~IIIDf.Q
27.467Jf7J*; ~f..ltir~WH~f1iff.Q23.957Jf7J* , ~ ~~~0>51.70%, ~:EYt'.ir~Wi1!f~W!
49.951Z:lt. ~ ~~~Y44.38%o
2017 if: 1- 9 Y3 2016 if: 2015 if:
M!iiifif_g OP:1i*) 219.65 264.60 247.14
~Iiiifl( C)J->f::ti*) 27.46 70.20
ifi"JWltfifif_g ()J->f::tf*) 23 .95 65.44 12.69
-&fi"JWltf~~ C{l:lG) 49.95
~ft:~Wi C{l:lG) 33.4 1 36.70
~;ji;~.*~' 0i§J1JH~t 20 17 : = *1~. ~:lG~JlE
0~tfJ!, tf'@rvi §~~. **ft~H~~tt~:!lf. ~.a-t0~±:li!!~4lt~9=ItE~~, 9r-
fll~?&b't~:i!=~:Y1P, r.m § ~9=Ilt1fWT~f~. @0~::e:Jtrm §1::18fmm~* m~:ff::e:
~*:18~3tiliffi.7J
20 16 :0~ mt-tl!~ ~itff!i1!fiiDf.R7o .s4 7Jf7I* c'§.115*#JA-%3fm~ B"J;&~:r91 § :tE
I*J) , ±~ff!i1!f:r91 § 1U?r?ii.B:!m, ~5!:tt:I21L ~JTJ\ta!m~D ~JTJ\Illffi~:r91 § o l&~2 017if:3
Y3 * 0~±~:tE1!fm±&~:r91 § ~-tl~PJ1!fiiDf.Rls6.1 1 7Jf7I* :t~:1!f:r91 § ~$. ft* PJM
j'j:~:itfo
~5 -~ 2011 if: 3 Y3-*0~.±Jftf'@ffi:li!!tz:J1ii§m'@~t ClJ!UL: 7J5JZ-7J*)
:7\:}Jj~~= Wl~IJ
Jgf§
xfikt,t &L xfikli lffi
iti~ffj-1:5
~~fir ffj
- ..
16.25 16.12 0.13 0.63 0.01
0.36
~f4lffi i%'fj~ffj 14.27 11.99 2.28 6.52 0.84
~~B:lffi
Ji!H!, iti
~~~~ 39.37 9.5 1 29.86 5.00 0.51
~~~
xi.fi%CD±il!.*
l1*lfttt~it9E:, ~~lin i%'fj~ffj 11.28 8.50 2.78 6.25 0.91
:m#l!ffin 2.23 3.09
~#l!ffin i%'fj~ffj 8.86 7.8 1 1.05 7.66 0.03
44.70 12.66 0.03
i%'fj~ffj 11.38 3.49 7.89 3.18 0.31
,c,. ~~}j! 1.82 0.08
10
h~1t9UDh~Jfli
* q:t JL.\ ( 26%)
26.08 5.46 20.62 5.46
1.87
il-#- 273.54 117.43 156.11 70.84 5.97
tt, ~-~~~§0~~~~m~oo%. ~-~~§0~~~ ~m~s~. ~rr~$~§0~~~
~~~tl~ 51%. h~5-;f!Jh~lfli*q:t'L.'~§*0~~1Bi0~11:R-0~7f:&. 0~M'!Bi~~~J~ 26%, ~0
~*AAA0~il-***m~. ~~sq:t*~*rr~a;f!Jrr~lfli*q:t~~§il-~m~A;f!Jil-~m
]if:f.g.
~-*4*~' 0~:1\Ut ~7G~:@
2016~ ~*0~ xt!*J~ 11 ±±&w~~::R(:J1)2015-050%.f0~±&20 15-G-22%±&tlc:itHf7f
' j"_, ~P~6r:?l1~~fin.fn,c.,,:w:$elr'J3-t-r.m §. li'flat~~mZ9J ~~*lf~, ~~::tt:~:m~&::R
W~CD±&tie~Jgf § Jl~. l\t~2016~* 0~.±:~:tEJlJ9f § it:J(;IJ,tr!j:§t~210.20{l5G. BN
~105.45{l5G. [l!d~N~104 . 75{l5G. :tEJtrgr § J§~N~SZ:l±lffi:D~::k.
1*11:
~-~~ ]flj~~iil!
16.86 9.15 39.37 8.13
]flj~,Ji!fttl?J.
1lli!~:ttlm 64.05 43.47 44.70 39.80
litfjG :g: ~ -&l-1*
iii!~~:*:IJ:(~~:*:II) 5.21 '
\
~-~CD±!!!~ Jflirfilf%,]flj~ 65.54 21.19 53.66 44.79
1lli!att
,L.,~$~ 17.47 12.34 7.76 10.56
~jjfi. 11.73
il-#- 210.20 105.45 170.94 129.31
~:M*~' 0~t!iHtt ~7G~:@
0~±±&.4.±:~~~7f'jj"_~§*ff,0~ - &:tEB7f'jj"_~§*AffiW~A.~*ff
r~±±&1*4 ~~~~~~~~~ 5ffl.fnJrtf9Jtffi:D o 2016~0~P.X;J3Jmf~~1Wm "~±11!.
2016-WG-31 %" _fO "~±& 2016-WG-32 %" W3*±±&1J7f'jj"_~, ~W3tie±l!!.W:r~jIH!J;f§
~IR . .g.-t,tJl$lJ.ffi;fJt35.647J-'1J*o 2017~0~mf~::Rwr!JW3~±1E.tlc. :5t~IJ:1ilw~~:t!J C:Ji)
2o17-o2o%.fnw*~~w ctt) 2o17-o21%, 0~:imjjJ''f±tE.:;t±tE.. ~1~r.m § ~r:?J3L - }E~
lt~.fUr~1~1R~~Z9JJX\.!lfto li'flflti!t1fJ~ri?fjU, 0~2016~~**Yr~WJ~±±&IJ.!f!.W:P.X;;;$:
:mxt~~.~ffl,::RwW3±&~WJ~~F.**0~m±&~~§i1~~M~.fni1~~~JJ
it:tE- ;iE ::f1iifl ;iE t~L
:§ = ill!! ...;:=: =
. - "
~Oii Jjj(;~ ~§ :AA!:Mit~
~§ Wf:tEIR~
i(l.ffi- .~1ft ~m @1Ji0ii~
11
9},±1!! 20 15-WG-22 .!i}±!!!tic 19,426 1.08
9},±1!! 2015-WG-24 %±!!!tic 3 1,005 5.97 jl}f~ffj 1.93
9},±1!! 2016-WG-3 1 %±!!!tic
9t 1+i "$1§~1RiG:WW
9J,J:!E 2016-WG-32 .!i}±!!!tic i~!J"k:IJ l~U~ , llE ~~ 18,450 27.07 jl}f~ffj 14.67
iffi~~G
;R:~1iiJ~GiR ;R:~~~
~ ~G:ttl C1i) 201 7-020 .!i} 1NJf1iiJii3C:r:L lb~ 42,443 27.80 f±!,jl}f ~ 6.55
*Ji:~ lJ
~f*WB, 1~~r~~ r!J~r!J :f-f ~J<.~ I2A &0ifJ:JUJiH~~~J!t. 20I6i 12A*0ifJJ%!il!
~m~&~~~m~~~~*.0if1~~-~~~§~~ 12A &± ~~~*~**~~ey
:f-f~tl:~tct. IPJ a10iflt5H,bZ :JUJKff'!il! J% ~~:rm §, ~ f!J r~1~~~1R~~9=t JX\.!lft, 1E!.f\t1!'J
~tt~0~~~~§&~~~~±~*~ ~ N~m~* ~~-$ ffl ~~*
**~tt~~~0ifJ ~~~~ ~ ~~~tt~ ~ .
0if1~1Jt*f*'l-iii!f, J%mfl:Jjijt~4m~~~&:Jl:ft!!.~*~0ifJ!&A&f!JWJ1**~~:f~
1t, {EH~tt>mm~~J,
0ifJ~-~0ifJ~~r!JM~~~-~~0ifJC !2A~ ~$ " M~~ ")~-~ -*
~~m~~.#~~~~~m ~~~§. 1Pla1W*~m~~~ *m~.~~m~§m
~m~*4- ~JLfliX--&~. %JJ.. :P~. f:E!.W~. 2ot6i:f:~m~*4m~~f.mt&A s , 4s7.n 7J:JG,
~...ti~* 10 2 . 0 3%, 1E!.~JTI ;f~1&~~~J,, 1P1a1*~ ~-r-WU.ffl:ii~ ~ . -=B5fU .$~1~.
0ifJJ%~ lli m L&A~~*-r*~ *M.0ifJff~~§~-'&0~.~--$W !2A&
W*NMttJ%~Um.*~*M~0ifJ~ft~0ifJ~~*~ *M~~0ifJ:f-f~~- . ~
r~~r!Jw.i:Jit"JE~5fo~rrJ!t5c:D . .f{!.~~FctmtR6.I7J-'f:1J*, eyl:Jj ~J3.TiiHR4 .37J-'f:1J* ll**
fll *M:>'~ . 0if1W*NMI1:J%~B~1t~~r!J~J% 4m ~~J1[~~1[0ifJ~g~J][. $W~~
E±I ~~r!Jt~~ f~*:f:m~~l[0ifl~J][ . :Jt:~E8*iPX:*0if1 ~Jj[ ~ ~. 0~~!1m ~ . 2o1 6
i0ifl ~f.mJ% ~lli~.13. l& A6,971. 73JJ :JG, 1PJ bt ~:b!J 17.85%.
0if14m~~J][&~ft!!. L& A~~*-r~0ifl~~rn$* 4m ~~Jj[~~0ifl~ !lm ~L&
A 12A &*~~%~0~Umttm ~ ~ 1t ff~m ~m L&A.B~J1[~§~ ~ .0ifJ !Im~~
12
:E.liL&Jt1tB~:%-4XA.ilfJi!f:tt-lf, 2016:3;~4XA.3,582 . 16JJ:Jt, i'iij ~~:lt-!f14.83%, ~fU.~
2015:~:it3.82-i' 8 7t B o
~w~.0~MmM~m.mMmm~~~-~&~1tB~*~*~4XA.&~~~
*ilf~f ~ Jt, 1E!~~JA!f~~;J'o
~~7tfi~f0~-~~~~-~#~*mc~a9~~~)$##iliA~m~*
i'~Yi!.~2015-2016:$it:fR~ &*~$it~2017: = *itM:%-:fR~, 1R~:I$]7T~J§Wf~it
mJJ!U~itUo 2016:0~Wf19:.lz:2*r0~#JA.~#fR~m~, f&~2016:ms0~#JA.~#
1R~m~~T-0~~19*o
.~
0 ~ Jt rz:mm::k ~iiit -lf , JiF±~OHll!FJJi § ~.±. ill$?t:l8iFBfflr~11fl
M[~0~mti!!FJ91 § Tf~JJM;f~:Jr:l\:, ~F~JM;f~:*:~ii:lt-lf, 2016:*0~~(",~,W!~
3,448,495.02JJ:Jt, Fiij ~~:it-!f41.38%; ~ ~Jri:Z9J~F3,238,370.osJJ 5t, Fiij ~~:lt-!f42.27%,
.f
f&~2016:*, Jri:Z9J ~ F t1 ,~, ~ 1" ~~:~,: ~ 93.91% o 2017:9 jj **~ ~ F ,~,W!~
3,757,897.18JJ:Jt, ~L:*:lt-Jf8.97%o
0~Jri:Z9J~F.±~ilf~ffi~~- f~~~1mJri:Z9J~t"~JJX;, f&~2016:*, 0~~ffi
~~~W!sn,174.52JJ:Jt, ~.L::tt-!f64.23%, .± ~*~r:~~mmt:~m~. tHr111t~&:&
1~M!I!~8H~ff~*-r~
0~@ l&Y*±~*~ l&A.mffi~~ ~ BfJ-M~W-.&R ~m~ tf1 m~~ . ~ ~X1
~~Yftf~ ~Jf.I/G::k. 201 6~0'§J l& A~JMl:ffJiff~& . rq] flt 7f15t !JX;::t::k ~l~* 1f::b!r~J\ltl~
L~AWiLJt,1f::b!r~~:l\:~LJto0'§J@M Y*~~:l\:~~_ti:j::~~/['Ao~1f::b!r~~
:7\:~_t7t~~ . 0~~~~~M ~ * Yfif~~~ffih~::ko~~0'§J±~MJ%:1:!E.F7f15t
~ *.11ir~0~~±~Yft'ff=,±:I:!E.W;I ~ ~ .&ffj :I:!E.f=~§7f15tNAm~::k . ~3&~ ~~
Yftf~%1JX;~::k~Jf.l . ~ W:79JYft'F.&~YftfF~~~.$r ~o
14
2016 ~ 2015 ~
IE. l&Y!IC~JSJ~:lC~ 0.3 8 0.36
:ff:fi!JSJ~:JC~ 3,329.94 2,242.22
!E. 11Y*~JSJ ~7C~ 94.18 94.45
~'lf~)aj:Jm 3,236.14 2,148.14
mtZ;JJ~f<=JSJ ~:lC~ 2,810.94 1,909.44
~5E ~F JSJ~x~ 11.47 11.63
,ffi,~f<=)aj~:JC~ 3,001.11 2,043.78
IJ5H4*~ ' 0~ 20 15-2016 if'iiHt-11H!i, ~X~:J:I
?i'J ~~)J
2ot6~0"fil~L.ra~I&A r~. AAraJ~ffl:XIj!j...t:fl-, ~-gtB~~t!Jl. 2ot6~0"ft1iffpj
m~oo~~m~~~*lj!j~*~~~§~:X.~AAI&A~~~.m~~tt~$~*w~
~~~0"fil~~~m~~~~~~~
0~ 2016 ~~ f.W.1f ~l&A35 3, 124.887J ft , fpJ b~~fl7.13 %, ;l'l;q:t ffj ~f"7f.ttr1f l& A
334,113.867J ft , fpJ b~ ~fl8 . 96% , 2o16 ~&. 0~ ~Jf:rYI § 1JJI2J-tLr::Rwrn )'~ Pf~ 12J- )r~BJfU~fJffti!~::Ko llt:>'~. 0'a1ft$J~:!:-&3f-'&tt!G~. 7tJ§:tE3J-1+1WJR~!zt:!:-&tk:. {EJ.$~
~~~~~ . m: mm~ ~X10'a1m ~~m~~~~~ ~~ o
20171 1-9 Jj 20161 20151
~~!&A 291 ,032 .60 353,124.89 380,217.63
~ ~;fU ~ -29,170.06 21 ,668.25
~~;fU ~~ 8.09% -8.26% 5.70%
~ ~7rl&A 9,849.39 13,084.08
;fU~,~W! 33,365.27 -16,242.66 30,007.29
~;fU~ 24,106 .94
~if=B;fU ~ 26.48% 30.17% 24.59%
W:lfa:J~Jfl~ 12.22%
'~~f=§*~ 0.83% 2.20%
~ ~!&Am*~ 63 .05% -7.13% 19.53%
~;fu ~m*~ -40.73%
~*4*~ = 0~ 2015 ~ -2016 ~it:f!H"i :&.*~~it(!{] 2017 ~-=-*!.tlM9HlV~L ~:lG~:f:lll.
wi6i:F.~0~B~m*m* ~ .0~~mZ0w~m~. ~~
~§3f:&~~~~~m~*m~0~~~~*~ttan
2016 i:F0'a1m~~m~~JM~:Jt::K, ~E~rm~i:Fm~~rl~-milt~*~U B"J:EJt~::K~~~*
El32 015 fFB"J226,875 .93JJ :lG~*~2 016 i:F B"J830 , 171.47 JJ5Go 201610~ m :!:-& ~:r_m § N~
~!Xlt~:Jt::K ~~±:!:-&WJR:st w~~WJ ~~ , ~~~ * 3Z:fi B"JfJt~ ill ~ .PJT~ /Jo o 20 1610 'aJ
~~~~tt*~m*~~.~i:F~~~st#~~~~mZ0~~8"J:EJt~~~*~~
* 133.35%;f!Jl39.95%, 2016i:F0'aJ~fiffl$J:EJt~l±l220,953.29JJ:JG, ~fi'lifJt~
I±J ~!Xl;f~~ Jijf~y 0
201610'aJN~fflZ9J:EJt~mt~-1.32 1l7G, ~mtili fPJ !t~d->3.73 1Zdt, .1:~/t~PJ
X1 j~ t9: ~ ::K ~~ ~ y JiJT ~ 0 201610 i§J {'{g~ ~ ~ ~!Xl;f~::K ~~ 1$7+ ' 2016fp{{1f ~~!X\ f~ ~
1,242,457.36JJ:JG, ~...ti~*72 . 86%; 2016i:F-'&1ff~~~~~!X\-119,193 . 00JJ:JG, 20161
~~ffl$J:Jt~tiff:A I ,3 63 , 816.86JJ :JG, ~~~*~!Xl;f~B"J:f-f~:Jtjc, ~~t:f-f:rv:t § B"JNA, 0
~~~i:p~~ffl$J!ztr:f-f~JrEA~~ o
20171~ -=. ~lt, 0'a1 ~fiffl$J:EJt~mt:A 123,782.28JJ 5G, ~~ffl$J:Jt~mt l±l
233,592.87JJ:JG, ±~* f~~1~*3Z:fiB"J:EJt~ o § ~0'aJ%tl'tJH~*~!Xlt~~::K. FPWH~*f~
~~X>J0'aJ~~~::KfrEZ0'1iffin 0
16
2017 if: 1-9 Y.J 20161 20151
l&!J1ii.l;~ 2.51 2.3 5 0.60
#lilfifli~, :l'Jj':{j:t~1*l&01J!J1il.~ 731 ,286.57 .---~-83~0,-17--47... 226,875 .93
~----~--~~------~~
l&O::ltfm~~~mi9J1f~iJ!J1il.~ 661,736.46 283,586.47
~~mi9J!J1i\~VIl:JvH.f 1,491,907.93 : : : : ::51 o, 46:2.:4o
JlliJ~~ ~' ~~31* 5[ f11J!J1il.~ 513,774.37 879,432 .36 514,434.83
::1tf1::ltfm~~'§'mi9J1f~iJ!].Jil.~ ._.----------~~--------~~---------
_ _ _1_7.._,1..,.13_.4..... 732,39uo 305,222.25
------~--~~------~~
~~mi9J!J1il.~mt:±l,hr 765,799.43 1,712,861.22 871 ,015.24
~====,~~~====----.----------~~--------~.----------~
r>gml;IJtz:1::1J~~mt:i:~lli 123,782.28 ~----22_o,:-95_3_z9 , .__ _-_36..,.o,.;....,..84_.
:N:!ltml;IJtz:1::1J~~rm::~:~lli 1,195.21 -13,159.38 -50,530.27
-===~~==~==~----.-----------~ ~---------~
~!ltml;IJ/""~IW~~Vit:i:~lli -233,592.87 436,237.53 .___ __..64.-,._.....77_.
~~.&.~~~1ft4m~:tl:l.mlli -108,615.38 202,124.86 237,887.66
JSH4*~= 0'§] 2015 4-2016 'ill'iHIH1i .&.*~Eiliti1 2017 4.=:*!3t9!t*:ffV&, ~ft~:J:I
*~rf,~'fflf*::k~li:~t:JJo, ~'fflf.ffin:JJo::k
~~fm~Hi!I!~J;_m:fl8"11t::k, 20I6if:?K0EJ fh. fm .~,~2,923,o69.317J7G, ~~~it*
55.58%, 2016:0EJNT:ff:J!f;f)(:fra-&fitjj525,425.717J7G, ~~~~1~6.22%, 2016:3K0EJt=
tu~.556.32%, ~~~:A~i...t7t22o.9s-t- a* 2. 0EJ/$~t=X1fhfmiJf*~.-~~n:A~ir~;
2017:9 Y.J 3K0EJ f!J.fm;l;_%:flm~...t:Jt, f'=;f)( ~~$jJ586 . 16%o
2016 : 20151
....____ ___ ...._____
------...._-------.....
3,210,229.53 2,923,069.31 1,878,831.24
__;;...
2,008,588.80 1,143,209.32 721,197.05_
.....;_
~~VItl;/Jff.dllt 1,201,640.73 1,779,859.99 1,1 57,634.19
!Yfif:j\f;tl(~ 547,667.65 ....______________ .__ _ _............,._.........._.
1":&~$ 586.16% 556.32% 335.34%
JSH4*~= 0'§] 2015 4 -2016 'ill'iH!ti5.&.*~'ill'itiJ 2017 4 .=:*!3t9!t*** ~ft~:J:I
2o16:?K, 0EJ fh. fm-&rit2,923 ,o69.317J Jt, ;~t9=tmt:l9Jfh fm1,143 ,2o9.327J Jt, ~.~st
fm t:~ :Jjf-]39 . 11 %; 2017:9 Y.J ?K0EJ fh.fm-&rit3,210,229.537JJt, ~2o16:?Kit*9.82%.
;~t 9=t m~tlll 4:~JYzjJ .± IJtlll:P*~*o - : 1*1 ~UAAIJ~~mt:l9Jfh fm~:A ~iit* mt:l9Jfh fm~ .~,fh
fm~~ :iJ 62.57%, ~~~:A~i...t7to
2016:?K0EJ mAAf!~~~~& ~ 29,o95 . oolf Jt, 2011: rtJ ~~@1ff?fitffi1tf!~
87,70o.oo7J7G, mAAf!~it;IJo~2017:9Y.J 3KiJ7s,4oo.oo7J7Go 0EJ@ft~r1Q.±~jj@ft
17
B~- M1 *UAA s ~ 49 , 746.127J
5Go 0'§'J t9! L& ff9\J9!.±~ ~f9!L&J% !-fut=rm § m~tYz , 2016if:0 ' ' m:ittif3f.tsU9! § slc~ itfit(!{J 2011 ::*-::*, ~7G~J:ll!.
~ifmJ%±iE.f"mj:mj~tmlf~~:t6. ~m~002oi6i:fJ%:Itrr~~:&Jt{mlf, ~~PJ:f-f~
!1~5$: IEJstflt1J'l!:E.:*:B:UJ%±1E.f"ir.J~~~:f-f~t&~, ~J%~00'*1" J.W::I- f.N, ~;g[i~
~~:f-f~~~w, ~;gtt~~~~~ , oo~~*~~ttffh, **~Mffh~
~IIOO:lG~-fri.-ffi::, ~J%~00.±1*-I~JtijffiJf.l~~~AA+ , ;lt~:;$:AA1~~m:~tf1J!w :l~N
~~m~~~m*T:;$:AAM~tf1ffiffl*~
i&~20I6i:f*, 0"Plx-H~1E!.i**it5.501l:JG, .±~X1~1.f1tkifl%±1!!1"7f:&:ff~~0
"PJ c~rWJ~ "~if1tkif") m~tf1Jtw:'M"11E!.1*4.421l5G~.&~~rfhl%JMJ~:;-~:milt
~m~ij{)Jt1ff:'ifr 11E!.f*Los1z:7G . ~if1tkif~0"PJ~JN-T0"PJfft1f1f7fttifrr:7't cit)
20I5-097-'%±-t!!#v:m §, 20I6i:f*~if1tkifttfiii'**~L251l:7G, '* f"*it35A61l5G, J
~'*f"~l . l41l:7G, 0"PJ:f-f:ff~if1tkiftf1JN'ill"~~~tl~26.00%: 2016i:f~if1tkifffi:*:J%
:ftf"J.m § JHtf7f:&m~l3fl-~, *f" 1:.l&Ata~, 3'J3~5U~:EJ~-O . ll1l:7G, 0"PJX>Jj~
m-f*~m~*' ff~ - ~~:fffftffl~~ .
;Jtjg0"PJm:1~tFJ2017:i:f:ll }313 B=fti1!Jij{J1!E1§11H~ , 0"PJ :;$:$ Bta~Jlt~~~:ff9
~PJ~.i~Jlt~, Jt~4~1lt~UAA BAA~2000:i:f:3J3 Cf33~), 5}3 *IJ6J3, 5~1lt~UAA
BAA200l:i:f:U3 C f33~), 6}3, 7}3 C f33~) ta~BM:5H11J~2002:i:f:7J3*1J12J3, ...t~
PJ~~ilt~~iY1*it6,3oo:n:7G, ilm0"Plm1~~i~l!l3, 9~PJ~~ilt~:f$]~ ji'ij- J.m §
$W~Jlt~, ~ ~ooa~mfi~if~~~fi!i'1J-~bm1lt~MAA~~ tt~~,~Hilt
~ifrs~~~m, $t&m.±*!i'1J1f1f~:*-*, ~li'1J -:J~1EP!Imbmmm!*:J~1EP~ic., li'1Jat
t&m~ilt~*!i'1J ~~.&m~~~mAA, ~bm:J~1EP ~~~ ~. ~r~ifmJ% ~
m~x-t:JI1EP ~~~~ij{Jfi~~PTm ~ st~tt*,~!*ilt~~AA~~ilt~~mw~
at ra:J ~ , 1!rtffff%JJX;:JMAA ilt~
21
.r
('
r
m~~m~**0~~~-~m~~~§~$**~*~~tl~~;~m~
~*AAm~~~~-~~#~mm~*~ff§~m§.~~*T*AAm~~*m*
Sfo ~atft11'J ~tl:U . 2016: = *Ltl;J,*~$r!J~Rtt&~m~~~Jft. ~attB~T~IU1iJ,
~~t~ l;J,l:kJ~ffjtl /W!~~~J!'t. mtil!.~1'f~ oo '~m-rm*oiW!~~~t&~~fl=Pm-. 1'f~J$f-*
it.~~JJ)l:U~:;k:~urtu o0~mtil!.~3f.Dtr1f~*~*U ~~JJ~Yfr~. 2o 16:r1f tBf.m7Jt~ .
0~~~m~~3f.DtiDW::k:~~NA.OO~~:;k:~~ffJJo0~~~~m~*
~,~{~*;j;}Al~~' {~ {~ffjJ~:;k:o
~f~~-~.-~-~0~~~*AA*ffl~~AA. *AAm~*ffl~~AA+ . W~
M~~~JEo
22
2017 ~ 9 }I 2016 ~ 2015~ 2014~
mti9JJEF':
:&!ffi~~ 404,559.14 513,174.52 77,562.00
&l&Y*~ 362.91 385.89
tilif1~: 10,530.29 7,119.47
;ltft!?.&l&~ 4,291.61 4,229.42 3,208.92
f.f:&! 3,029,378.30 2,634,165 .95 1,927,742.00 1,644,015.17
;ltft!!.mti9J~F' 122,212.91 75,906.96 25,232.35 27,984.27
mti9JJEF'~tt- 3,573,770.01 3,238,370.05 2,276,143.74 1,757 201.40
~Fmti9JJEF':
PJ~ili'@~~~f' 4,278.22 4,278.22 4,278.22
*AAJN;&:t9:~ 6,444.86 6,585 .77 3,722.36
:J)!:~i1:85:1:t!!F' 125,583.06 129,708.10 138,867.73 94,971.71
li!ll~~f' 9,590.18 10,929.36 11,564.37 13,005.53
7C%~F 596.02 606.79 621.16 635.52
jflj~ 1,054.83 1,054.83 1,054.83 1,054.83
*Mffl'.'t'tffl 693.24 1,213.35
~~F.lf1~f>I.~F' 5,832.66 1,962.16 1,637.17
;ltft!!.~Ffri:i9J ~ f' 50,436.00
~Fmti9JJEF'~tt- 184,127.17 210,124.97 162,957.57 120,819.64
Jff",~tt- 3,448,495.02 2,439,101.31 1,878,021.04
mti9J ffdJJf:
~Mfl!i~ 40,395.00
&f1~:jji!i 2,830.00 8,378.00
&119*~ 79,272.42
tilil&~J~ 609,898.27
&f1~Ififflliltl
&3Cf>I.'Ut 5,073 .48 8,489.81 4,3 74.02 6,054.62
&f1;fU,\ll. 6 683.33 16,053.33 7,120.00
&f1JN;fU 7,546.35 7,350.62 6,058.05
;ltft!?.&f1~ 43,995 .00 59,291.76
- ~ I*J iUMH!J&JBt*;&~ 109,135.76 106,045 .64
m~~tt~ittr 547,667.65 525,425.71 560,270.07 594,229.65
fh fffl.fi]Jiff~::jlf;&~.~ ~t 3,757,897.18 3,448,495.02 2,439,101.31
~*4*~: 0-jij 2014-2016 ~'ill~t=t~i5 &*riill~tat!FK~::Li::~~~~::Li::~B{]:JJt~l&~ .___ _-_14_0_9_. ..___ ___, ,___ ___. .___ ___.
~~;f!JWJ 23,556.66
.--------. \.,
:!Jo, 'i~:>'~l&A 9,849.39 '----'----'
~: 'i~:7~3ttl:l
~*' ~~mti9J~f=:li!~~m~
40.78
38.47 ..__ __ 156.68
__,
65.35 59.09
;f!JWJ,ffi.W! 33,365.27 -16,242.66 30,007.29 43,146.52
...------.
~~~~m~~~m~---~-~-----~~----9~,2-5_._3~~--~--~~-~--~-~-----
~*'JWJ 24,106.94 -24,772.94 18,226.03 30,750.71
~~~~Y~~~~*~,1J)\ ;~-----------''------5~,9-5_._3~~-~-~~--~--~~--~--~
0
V3il.l!r-BJ:0i'flm~:jlf(j{J~fUWJ 18,148.90 -37,676.76 449.48 16,836.32
~~l&~,ffi.W! 24,106.94 '----'----'
~, ail.l!r&~~*(j{J~~t&~~ 5,958.03 12,903.82
V3il.l!r-BJ:0i'fl1fJm.~*~il-t&~,ffi. 18,148.9o -37,676.76
~*4*~' 0i'fl 2014-2016 if 'il'f iH~-6 &*~'il'fitB{] 2017 if =*1~
25
...
2014 ~
ff?. 1fml9JF"~ iJ~~Vft:i: ,
m~~fflt, :J{fiH~r&Jim~~
r&Jutr.Jm~J3kE 18.83
r&Ju ;ttftE.J:§ ff?.~ml9J1f*tf.l~~ 224,619.83
ff?.1fml9J~~Vfi:A/J,tt- 889,581.71 1,491,907.93 510,462.40 392,779.59
~~~fflt, ~~~~xf-ttr.J~~ 484,096.35
x f1~J{RI 1.-.&.;9 J{Rix f1tf.J:EJII,~ 12,758.54 13,612.16 12,160.28
xf-ttr.J~:rffim~ 22,192.29
x N;ttfml:§ ff?.~mz;iJ1f* tr.J~~ 157,113.42 732,391.30 305,222.25 197,967.84
ff?.1fml9J~~mtl:f:I /J,tt- 1'712,861.22 871,01 5.24 716,416.76
ff?.1fml9JF"~i1~~Vfi:i:~t1A
*~ ml9JF"~i1~~mtt ,
lfX:1~H31:jS!fl&~r&Jutf.J:EJ~~,~
~~~~jS!f~,x%jS!ff"~;ttftE.*AAjS!f~
l&@JiJ~~11tt1Ji
123,782.28
-
-220,953.29 -360,552.84 -323,637.17
526.40
7.79
ti~ml9J~~mtJ../J'tt- 3,334.00 61.35 84.57 534.19
~~~~jS!fF,x%jS!f~~;ttftE.*AAjS!f~
362.73
xf11J~~
* jS!fxf11J~~ 2,000.00 12,858.00 50,144.40
ti~ml9J~~mtl:f:I/J'tt- 476.40
ti~ml9JF"~iJ~~Vft:i:~t1A 57.79
~~ml9JF"~i1~~mtt ,
il&l&*jS!fl&Ju IJ:EJ~i,~ 135.00
;tt~. ~~~il&r&&&**jS!fl&~tf.J:EJII,
"
~
lfX:1~f{r~l&iUtf.J:EJII,~ 340,605 .00
r&Ju;ttfml:§~jS!fmz;i)1f*tr.J~~
1itrrfm3:fr&Ju tr.J:EJ~~,~ 119,030.00
~~ml9J~~mtJ../J,tt-
f~kEfM ~xf1tr.J:Ejll,~
*Eft~,~fi--f1~&~11tf.J~~
;tt~. ~ ~~ xN~&a*tr.Ja~,~
100.43
l fJ
~~ml9J~~mtl:f:l /J,tt- 574,332.87 927,579.33 476,087.17
~~ml9JF"~i1~~mtt~t1A
26
27
2016 ~ 2015~
f1t;fU~ -24,772 .94 18,226.03 30,750.71
:ho, l&ff"~ffifljt 86.80
ISI1E 1&f F1JT IB, illl4:/&f f":Jfft&, 1::f"ti1::!JPJI&f f":Jff IB 5,247.45 4,533.67
7C% 1&f f"tlfH!il
*WWitlfHJl ffl tltWl 336.16 326.61 339.64
~~ISI1EI&ff",7C%1&ff"~~~*AAI&ff"~m~
111EI&ff"=rRJm~ 0.90
Ylt9H1lffl 17,52 1.44
il!:l&fm~ 356.71 368.76 -235.70
~~fYT~t51.1&ff"~d> 538.99
ff.:fti:~~d> -608,813.25 -24 1,928.69
~;gtt@t&J9l§~~d>
~gti@f1J9! § ~:tflj:!JQ -159,732.83 -75,391.51
raJ~l'*-~gmi9Jf"1::~:EJ1',~m:::i:f1tW!
l&f*4*~' 0i§'] 20 14-2016 if:E!iiH!t'S-
28
2017~9Jj 2016~ 2015~ 2014 ~
0.38 0.36 0.44
3,329.94 2,242.22 2,481.21
Sft!i!IE~~t!f::K~ C::K) 94.18 94.45 104.67
~~~~M C::K) 3,236. 14 2,376.98
mtl;IJ~F~ttf::K~ C::K) 2,810.94 1,93 0.8 1
!E5E~F~t!f::K~C::K) 11.47 11.63 15.26
,\i'l. ~ F ~ t!f::K~ c::K) 3,001.11 2,058.84
~~;fU~ i$S. 8.09% -8.26% 5.70% 13.56%
~i?i=MUi$S. 26.48% 30.17% 33.20%
Mi'BJ !It ffli$S. 13.18% 24.10% 12.22% 13.10%
,\i'l. ~ F IEJ1ii i$S. 0.83% 2.20% 3.25%
f=tx ~~ i$S. 586.16% 556.32% 335.34% 216.04%
1Lmfi!t* CJJJG ) 2,046,352.40 2,160,476.37 850,379.28
~Fffi.fi!ti$S. 85.43% 84.76% 77.03% 68.36% \
$JU ~1m t&~JYi (!{) ~ F ffi. fi!t i$S.
mtl;IJ ~~ i$S.
79.94%
1.78
81.49%
2.83
75.68%
3.16
62.79%
2.54 )
]! l;iJ ~~ i$S. 0.53 0.48 0.16
EBITDA C]jjG) 31 ,061.50 53 ,117.16 64,097.49
EBITDA ;fU,mf!i/Jt{-tf~ 0.22 0.49
~-*4*~' 0-j'ij 2014-2016 if:'i1-Hii'a- &*~11-t(!{J 2017 i:F~*11i, ~jG~J!I!.
29
IUJU!B@I
75.oo% m:l:t!!f=:tf~
l.fi~
*if~j~; ~~:ff~lH~iij 5o.oo% m:l:t!!f=:tf~
*ifm$Jt!lm~~:@_:ff~&0j'ij
*ifmtm~Jtit~'§':ff~&0j'ij
*if**~~~Jtt5t:~M:ff~&/. j'ij m:l:t!!f=:tf~
*ifm$~1Sm:l:t!!f=:1f~:ff~&0" 130,000.00 100.00% m:l:t!!f=:tf~
*ifm$'? m:l:t!!f=:1f~:ff~&0 - m:l:t!!f=:tf~
*ifm*JIT~:I:t!!f=:1f~:ff~UN 0iij 35,000.00 60.00% m:l:t!!f=:tf~
*ifm$#!~:1:t!!f=:1f~:ff~0 50,000.00 m:l:t!!f=:tf~
*ifm$jl;m:i:t!!rz=:1f~:ff~&0 114,608.00 91.62% m:l:t!!f=:tf~
5,000.00
4,000.00 100.00% m:l:t!!f=:tf~
*m cm;J+I) ~~:ff~0j'ij
i$1+1ifii~~ufl~:ff~&0j'ij 2,000.00 51.00% m:l:t!!f=:tf~
i$1+1$~m:l:t!!f=:1f~:ff~&0iij 4,000.00
""""'-;,.,.,.;,..~---....1
*ifmreJtiJ'G~n~*lr~&0iij 25.00 100% n~*
~*'-*~= 0iij:J'JHt!:
-
r
30
3601 {rg~l&AI[ CM1JJ!s\Zl&Y*~~Wi+M*is\Zl&Y*~~WD /2)]}
------------~ ------~
1H]:JSJ~~~ 3601 {rg~JJ.lG:$:1[ CM1JJfJ:1ii:+M*fJ:ft!t) /2]}
.--~-----
is\ZitY*~JSJ~~~ 3601 { rg~JJ.l(;:$:1 [ CM1JJis\Z1tY*~~Wi+M*is\Z1tY*~~Wi) /2] }
~----------~ ------~
~rg~JSJM is\Zl&Y*~JSJ~~~+if1ii:JSJ~~~-is\Z1tY*~JSJ~~~
mLZ9J~f=)l!3~~~ 3601 { rg~l&AI[ C;;$:if:mti9J~f"il-i-t+ ...tifim:Z9J~f=il-i-t) /2]}
_____
~---------~
fi!il~~f=JSJ~~~ 3601 {rg~l&A/[ C ;;$:if:i!ll~~f",~Wi+...tif:l!ll~~f",~Wi) /2]}
...._,~~f=JSJ~~~ _.. 3601 {rg~l&A/[ C;;$:if:~f",~Wi+ ...tif:~f",~W\) /2]}
--- ............
crg ~l&A -rg~pj(;;;$: ) ;rg~lj1(,A. x lOO%
~~-------~--~
C~:llll.Jlffl+W!~Jlffl+Ji!t~HitF§) ;rg~IJ1()\.xlOO%
~!Oitm\Jlffl CJJ 7G)
~jo~rgtJll.@. CJJ7C) 0 Jc1ftffi~Z9Jm;K+!i!t*Jlffl+15!:~m;K+~r~m;f§::
FFO C]jj[,) ~5fUWJ+~IO{tm\Jtffl+~IO~rg1Jll~
~------~~~ -------------------~
EBITDA 5fUWJ,~Wi+i-t Ali!t*Jlffl aMU,~xl±l+:JJTII3+7G%~f"-WI+*M%'PUtffl.WI
EBITDA5fiJ ,~ i~iUf{§~ EBIIDA/ Ci-t Ali!t*Jlffl e
