6865
(1) 2020 A
(2) H
1999
H H
90 91 93 94
H
H
24 H
183 54 H
1999 A
........................................................... 1
...................................................... 4
2020 A ....................... 34
2020 A .............. 81
2020 A ..... 87
................................................ 90
H .............................. 93
–i–
1999
A 0.25 A
601865
A A
A H
H A
EPC
5,000,000
–1–
H 0.25
6865
H H
2020 A
2020 A
1,000,000
A
–2–
571
A H
72
A
A
H H
%
–3–
6865
1999
62
2 C
(1) A
(2) H
I.
(i) A
(ii) H
II. A
–4–
A
600
195,000 0.31% 500
0.26% 83.33%
100 0.05%
16.67%
10.00%
1.00%
–5–
1
2
16 2019 12
31 3,154 0.51%
16 500.00 83.33% 0.26%
100.00 16.67% 0.05%
600.00 100.00% 0.31%
–6–
(www.sse.com.cn)
2020 A
.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
5%
A14
6.23
–7–
1 1 50%
6.23
2 20 50%
5.75
1 1
50%
2 20
50%
12
–8–
12
20%
24
24
20%
36
–9–
36
20%
48
48
20%
60
60
20%
72
12
20%
24
– 10 –
24
20%
36
36
20%
48
48
20%
60
60
20%
72
– 11 –
1
(1)
(2)
(3) 36
(4)
(5)
2
(1) 12
(2) 12
(3) 12
(4)
(5)
(6)
– 12 –
1
(1)
(2)
(3) 36
(4)
(5)
1
2
(1) 12
(2) 12
(3) 12
(4)
– 13 –
(5)
(6)
2
3
2020 2025
2020
2019
2019
2021
20%
2019
2022
50%
2019
2023
70%
2019
2024
100%
– 14 –
2020
2019
2019
2021
20%
2019
2022
2020
50%
9 30
2019
2023
70%
2019
2024
100%
– 15 –
2019
2021
20%
2019
2022
50%
2019
2020 2023
9 30 70%
2019
2024
100%
2019
2025
120%
4
– 16 –
EPC
2019
GW
2020 2019 2019
– 17 –
2021-2025 20% 50% 70% 100%
120%
2020 A
72
60
60
60
– 18 –
1 H 60 30
1
2 10
3
2
4
6
1
25%
2
6 6
– 19 –
3
1
Q Q0 (1 n)
Q0 n
Q
2
Q Q0 P1 (1 n)/(P1 P2 n)
Q0 P1
P2 n
Q
– 20 –
3
Q Q0 n
Q0 n 1
n Q
4
1
P P0 (1 n)
P0 n
P
2
P P0 (P1 P2 n)/[P1 (1 n)]
P0 P1 P2
n
P
– 21 –
3
P P0 n
P0 n P
4
P P0–V
P0 V P
P
5
1
– 22 –
2
3
4
5
6
7
1
– 23 –
2
3
4
5
6
7
8
9
– 24 –
10 2
2
11
1
2
1
– 25 –
2
3
1
(1)
(2)
(3) 36
(4)
(5)
2
5
– 26 –
3
5
4
1
(1)
(2)
(3)
– 27 –
2
(1)
(2)
3
4
(1)
(2)
– 28 –
5
(1)
(2)
6
7
(1) 12
– 29 –
(2) 12
(3) 12
(4)
(5)
(6)
1
2
3
– 30 –
4
11 22
=
600 500
31.85
2020 5 2020 2025
2020 2021 2022 2023 2024 2025
3,185.00 848.45 1,082.90 631.69 375.12 193.75 53.08
1
2
3
4
– 31 –
2020 A
17
– 32 –
H
H
III.
1999
H H
90 91 93 94
13.39(4)
H
H
H
H H
H
H
183 54
H H
H
H
H
24 H
183 54
H
– 33 –
2020 A
2020 A
A
600
195,000 0.31% 500
0.26%
83.33% 100
0.05% 16.67%
10.00%
1.00%
16
5%
12
– 34 –
2020 A
6.23
72
12
20% 20% 20% 20% 20%
12 20% 20% 20%
20% 20%
2020 2019
2019 2021
20%
2019 2022
50%
2019 2023
70%
2019 2024
100%
– 35 –
2020 A
2020 2019
2020 9 30 2019 2021
20%
2019 2022
50%
2019 2023
70%
2019 2024
100%
2019 2021
20%
2020 9 30 2019 2022
50%
2019 2023
70%
2019 2024
100%
2019 2025
120%
– 36 –
2020 A
36
12
12
12
A
– 37 –
2020 A
60
60
60
– 38 –
2020 A
.............................................................. 34
.......................................................... 34
...................................................... 40
........................................... 42
....................................... 43
.................................... 44
.................................. 46
............................ 47
................. 48
.............................. 53
.............................. 54
.................................. 60
...................................... 63
............. 65
............................ 69
................. 72
...................................... 77
.................................................... 80
– 39 –
2020 A
A H
5,000,000
1,000,000
2020 A
– 40 –
2020 A
2020 A
– 41 –
2020 A
– 42 –
2020 A
– 43 –
2020 A
16
5%
12
12
– 44 –
2020 A
12
12
12
10
5
– 45 –
2020 A
A
600
195,000 0.31% 500
0.26%
83.33% 100 0.05%
16.67%
10.00%
1.00%
– 46 –
2020 A
16 500.00 83.33% 0.26%
100.00 16.67% 0.05%
600.00 100.00% 0.31%
1.00%
10.00%
20.00%
– 47 –
2020 A
72
60
60
60
H 60 30
1
10
2
6
– 48 –
2020 A
12
– 49 –
2020 A
12 20%
24
24 20%
36
36 20%
48
48 20%
60
60 20%
72
– 50 –
2020 A
12 20%
24
24 20%
36
36 20%
48
48 20%
60
60 20%
72
– 51 –
2020 A
25%
6 6
– 52 –
2020 A
6.23
1 50%
6.23
20 50%
5.75
1
50%
20
50%
– 53 –
2020 A
1
2
3 36
4
5
1 12
2 12
3 12
4
5
6
– 54 –
2020 A
1
2
3 36
4
5
1 12
2 12
3 12
4
– 55 –
2020 A
5
6
2020 2025
2020 2019
2019 2021
20%
2019 2022
50%
2019 2023
70%
2019 2024
100%
– 56 –
2020 A
2020 2019
2019 2021
20%
2019 2022
2020 9 50%
30
2019 2023
70%
2019 2024
100%
2019 2021
20%
2019 2022
50%
2019 2023
2020 9 70%
30
2019 2024
100%
2019 2025
120%
– 57 –
2020 A
EPC
2019
GW
– 58 –
2020 A
2020
2019 2019 2021-2025
20% 50% 70% 100% 120%
– 59 –
2020 A
Q Q0 (1 n)
Q0 n
Q
Q Q0 P1 (1 n)/(P1 P2 n)
Q0 P1 P2
n Q
Q Q0 n
Q0 n 1 n
Q
– 60 –
2020 A
P P0 (1 n)
P0 n
P
P P0 (P1 P2 n)/[P1 (1 n)]
P0 P1 P2
n P
P P0 n
P0 n P
P P0–V
P0 V P
P
– 61 –
2020 A
– 62 –
2020 A
11 22
11 22
=
– 63 –
2020 A
600 500
3,185
2020 5 2020 2025
2020 2021 2022 2023 2024 2025
3,185.00 848.45 1,082.90 631.69 375.12 193.75 53.08
1
2
3
4
– 64 –
2020 A
2
6
10
5
– 65 –
2020 A
60
60
– 66 –
2020 A
60
3
60
12
12
– 67 –
2020 A
1
2
1
2
3
– 68 –
2020 A
– 69 –
2020 A
– 70 –
2020 A
2
2
– 71 –
2020 A
1
2
3 36
4
5
5
5
– 72 –
2020 A
1
2
3
1
– 73 –
2020 A
2
1
2
1
– 74 –
2020 A
2
1 12
2 12
3 12
4
5
6
– 75 –
2020 A
– 76 –
2020 A
Q Q0 (1 n)
Q0 n
Q
Q Q0 n
Q0 n 1 n
Q
Q Q0 (1 n)
Q0 n
Q
– 77 –
2020 A
P P0 (1 n)
P0 n
P
P P0 n
P0 n P
P P0-V
P0 V P
P
P (P0 P1 n)/(1 n)
P0 P1 n
P
– 78 –
2020 A
– 79 –
2020 A
– 80 –
2020 A
2020 A
2020 A
5%
– 81 –
2020 A
– 82 –
2020 A
2020 2025
2020 2019
2019 2021
20%
2019 2022
50%
2019 2023
70%
2019 2024
100%
2020 2019
2019 2021
20%
2019 2022
2020 9 30 50%
2019 2023
70%
2019 2024
100%
– 83 –
2020 A
2019 2021
20%
2019 2022
50%
2019 2023
2020 9 30 70%
2019 2024
100%
2019 2025
120%
– 84 –
2020 A
2020-2025
1 5
2
10
– 85 –
2020 A
3
1
2
3 10
– 86 –
2020 A
2020 A
1
2
3
4
5
6
7
– 87 –
2020 A
8
9
10
11
12
13
14
– 88 –
2020 A
– 89 –
6865
1999
1.
2.
3.
4.
5.
6.
7.
8.
– 90 –
9.
10.
11.
12.
13. 50
14. 2020 A
15. 2020 A
16.
– 91 –
1.
H
183 54 H
1999 A
A
2.
3.
4. 24
24 H
H 183 54
5.
6.
7. 1999
– 92 –
H
6865
H
A
1999
H
1. 2020 A
2. 2020 A
3.
– 93 –
H
1. H H
H
H
H 183 54
2. H H
3. H H
H
4. H H
24 H H
183 54
H
H
5. H H
H H
6. H
7.
8. 1999
– 94 –