2020   8   12                 2019
                                     2019


                2019




                       2019




                1
       2019


2019




              2
   1 2019             12       3
                <                                        2019
       >                                   <                                     2019
                                           >
                                                          <2019
                >




                                           2019


   2 2019             12       4                                    (http://www.sse.com.cn)
                                                                    2019     12     4
2019       12        13


  2019          12        14                         2019


   3 2019             12       19                 2019
           <                                       2019                                       >
                                    <                                2019
                                    >
2019                                                              2019      12     20
                                    2019
                                                                  2019




   4 2019                 12   20
                                                     2019
                                           2019




                                               3
    5 2020       2   14                     2019
        100                  32.214
    6 2020       8   12                                              2019
                                                                     2019




              2019


                          2019     12                2019


                            2020




                                                            2020


                                                       IDC
                 2020                                               12%-20%




                                                                     15%
2016      2019                                3.08           5.97           8.38
10.79                       10.62% 15.66% 21.58% 16.7%




                                             2020                                  4.1

                                        4
                           97.8%                    30.6%




                                                               2019




                 2019


                         2020-2023
                                                     X
             X                                  M

                              0      60             80         100          120
             2017-2019
40%                         A 0%          5%             10%          20%
               (A)
             2017-2019
40%                          B 0%         5%             10%          20%
      (B)
20%                          C 8%         10%            12%          15%
        C)




                                      5
                                                      A                 a
      B                    b                                C                 c
                           X               X=a*40%+b*40%+c*20%

                                    X                           M




                               2020-2023
                                                                    X
               X                                            M

                                    0          60               80                100         120
               2017-2019

                                  A 0%                5%                10%             20%
                (A)
50%
               2017-2019

                                   B 0%               5%                10%             20%
      (B)
50%                                C 8%               10%               12%             15%
          C)




                                                      A                 a
      B                    b                                C                 c
                           X               X= a       b *50%+c*50%
                                    X                           M


                                   X 80                          0%



                                                  6
         80        90        60%
         90        100       80%
                             100%




          2019




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