688018




2020




       2020       3




              1
       ................................................................................................................... 3
       ................................................................................................................... 5
               ........................................................................................................... 6
                                                             ............................................................. 7
                                                     ..................................................................... 7
                                             ............................................................................. 1
                                                                             .............................................. 1
                                                                                .......................................... 3
                                                     ..................................................................... 4
                                      .................................................................................... 7
                              ............................................................................................ 7
                           2020
              ............................................................................................................ 7
                                                                                .......................................... 8
                                                                 ......................................................... 8
                                                                             .............................................. 9
                                                                                                                   ....... 9


......................................................................................................................... 11
                                                                     ................................................... 12
                                                                        》
......................................................................................................................... 12
                                                                                                ........................ 12
                  ...................................................................................................... 14
                                             ........................................................................... 15
                                  ...................................................................................... 16
                      .................................................................................................. 16
                      .................................................................................................. 16




                                                         2
1.
2.
      2020
3.
                 A
4.
5.


6.
7.
8.


9.


10.


11.


12.
13.
14.
15.
16.
17.
18.
19.                  ——



             3
20.




      4
    》




         》




5
《




     6
              2020




                                           145                       350
      41.4%
         1
         2
         3
                                》




                              》                           12
     》


    12




                                   (   )



                     》
1                              8,892             3.2451%        0.0111%

2                              2,500             0.9124%        0.0031%

                               11,392            4.1575%        0.0142%




                          7
1                                        6,132        2.2379%          0.0077%

2                                        6,060        2.2116%          0.0076%

3                                        6,060        2.2116%          0.0076%
        Ivan                             9,012        3.2889%          0.0113%
4
    Grokhotkov
       Amey
5    Dattatray                           7,712        2.8145%          0.0096%
      Inamdar
    Kedar Suresh                         7,712        2.8145%          0.0096%
6
       Sovani
7                                        4,052        1.4788%          0.0051%

8                                        2,072        0.7562%          0.0026%

                                        48,812        17.8139%         0.0610%



                         135            159,004       58.0285%         0.1988%

                                        219,208       80.0000%         0.2740%

                                        54,802        20.0000%         0.0685%

                                        274,010       100.0000%        0.3425%
        1
        1%                                       。
                   20%
    2                                                             5%

    3                          》                12         》




                                    8
      1


                                A
      2
                                       27.401
                       8000           0.3425%            21.9208
                                       0.2740%
80%           5.4802                                      0.0685%
                               20%




      1


                                             60
      2
                          》
      3




          1                      30
                  30                    1
          2                                     10
          3
                                                     2
          4
    “   ”                      2020
4
                                        1
              144




                    12
                      24   50%

                    24
                      36   50%




                    12
                      24   25%

                    24
                      36   25%

                    36
                      48   25%

                    48
                      60   25%




                    12
                      24   50%

                    24
                      36   50%




                    2/16
                                            12
                                              24                        25%

                                            24
                                              36                        25%

                                            36
                                              48                        25%

                                            48
                                              60                        25%




      1
                                                            95
                                       95                                     A


      2
                                                                2019
                                                                       2019
                         》
    ≥ 65*   1+ 33.69%        《        95         /
                               1                       249.30
1                        38.11%
                               20                       271.22
    20                        35.03%
                               60                       219.19     /

                                            3/16
60                   43.34%
                     120              183.37   /
     120                   51.81%




1




     1
1)


2)


3)              36


4)
5)
     2
1)         12
2)         12
3)         12


4)
5)
6)
2



     1



                               4/16
    1)


    2)


    3)            36


    4)
    5)
         2
    1)       12
    2)       12
    3)       12


    4)
    5)
    6)
                   1


                                               2




         3
                                          12


         4


                       2020-2021
2020-2023


    1

                                   5/16
                                                      A                                    B
                                                      100%                                 80%

                  2020                     2018              69%                  2018           56%
                                         2018              69%                   2018           56%
                  2021                    2018              119%                  2018           95%
                                         2018             119%                   2018           95%

2
                                                      A                                    B

                                                      100%                                 80%

                  2020                    2018              69%                2018           56%
                                        2018              69%                2018           56%
                  2021                    2018              119%               2018           95%
                                        2018              119%               2018           95%
                                          2018                                 2018
                  2022           185%        2018                   144%          2018
                                 185%                               144%
                                            2018                                 2018
                  2023           271%          2018                 205%            2018
                                 271%                               205%
        “             ”   》

                                             B


                                                                    2020-2021
                                                                    2020-2023


    5




                  A-               B+   B    B-      B-
                            B-


                            A-               B+                B            B-           B-
                             100%           75%               50%          25%            0%
                                                          =                                ×
             ×



                                              6/16
        /     》
                   》              /
                        /              《




                                            2020




               2020



1
    1


    2


    3           36


    4
    5
2           2020




                            7/16
                                  《
    1


    2


    3          36


    4
    5               《
         《


3
》                         2020




》                         2020




        2020


    1   12
    2   12
    3    12


                    8/16
         4
         5
         6


    》                                  2020


       10.4




    1
                   2020
                                                         。
                          20%
    2


                   。                  1%
    》                                  2020
                                                  10.8




    “                                      ”   “


              ”
    》
2020

                                9/16
                                                                            95
                2019
                    2019                                       》
                                          ≥ 65*   1+ 33.69%
                            1                         249.30
1                      38.11%
                            20                            271.22
    20                     35.03%
                            60                            219.19    /
      60                    43.34%
                            120                            183.37       /
         120                      51.81%
     1
                                  10.6               》




     2




           》




     3


                                         10/16
      》                             2020
                                                  10.6




      1
                                2020




      2




                                12
                                            50%    50%
                                                    25%
25%       25%   25%




                                              、


      》                      2020


                      10.5     10.7




                      11/16
     2006   3




                       11   ——




                                        11   ——


                                                         》




                                                    》




                 》




                                   》                         》
            、                                》


》
                  》




         2020


                               12/16
           》                                                           》
                              》


                  A     B
                                      2020   2021
A                 2018
           69%   119%                                                 69%    119%   B
                                                56%       95%
           56%   95%                                    2020   2021   2022   2023
                               A                  2018
                                          69%     119%         185%   271%
                         69%       119%   185%      271%       B
                      56%    95%     144%    205%
56%    95%       144%       205%


                 》




                   》




      》




                                                13/16
1
    1


    2


    3              36


    4
    5                   《
2
    1   12
    2   12
    3   12


    4
    5
    6
               1


                                2


3
                                    12


》
             10.7

                        14/16
1
            2020




2




    15/16
1                                     2020


2
3


4




》
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