3
38 51
H
*
..................................................................... ii
................................................................ 1
........................................................ 18
............................................................. 20
................................................. 31
........................................... 38
–i–
A 1.00
4,908,598,141
58.72%
H 00916 A
001289
3
H 1.00
– ii –
571
– iii –
1.00 A H
%
– iv –
6 c
20 2006
6 c
348
5
*
–1–
.
(i)
A
(ii)
A
4
–2–
3
1
8
400
1.
–3–
8 203.29
IRR
IRR
27%
27%
–4–
31.94%
8
1.
(1)
(2)
–5–
(3)
(4)
2.
–6–
IRR IRR
3.
–7–
IRR IRR
14
14A
(i)
4
(ii) (iii)
–8–
1
58.72%
14A.07
14A
1.
–9–
1.
2.
.
– 10 –
13.51(2)
50
XV
13.51(2)(h) (v)
– 11 –
.
500 500
800 800
100
– 12 –
60 60 5
79.80%
70%
A
1.
1.07
– 13 –
2.
2,013,678.78 2,231,973.99
1,659,817.47 1,781,134.18
353,861.31 450,839.81
72,513.99 60,176.00
205.40 30,992.26
3.
– 14 –
1.
2.
10 9
0 0
60 60
5
3.
100%
710.91 0.01002%
702.26
0.00990%
– 15 –
3
H
H
H H
183 17 1712–
1716 H
H
13.39(4)
14A.36
– 16 –
4,908,598,141 A
4,602,432,800 212,238,141
93,927,200
58.72%
– 17 –
– 18 –
*
– 19 –
88
173
12 1209
A 3
4
– 20 –
14A
(i)
(ii)
(iii)
– 21 –
(i) 13.84 (ii)
(a)
13.84
(b)
13.80
– 22 –
1.
1.1
1.2
– 23 –
1.3
1.3.1
H
1.3.2
1.
3
– 24 –
1.1.
1.2.
1.3.
1.1
30
1.4.
– 25 –
2.
3
3. A
1
3
– 26 –
1.3.3
2.
(i) 4
(ii) (iii)
– 27 –
3
(i)
203.29
131.60
(ii) (a) (b)
– 28 –
3
(000911.SZ)
3
(600808.SH)
5
(600733.SH)
1.5
(002554.SZ)
2
(600725.SH)
3
(603168.SH)
2
(601789.SH)
3
(002044.SZ)
1.5 5 3
A A H
– 29 –
(i)
(ii)
(i)
(ii)
6 30
– 30 –
1.
2.
(1)
XV XV 7 8
352
(2) 18
(3)
– 31 –
(4)
(5)
8.10
(6)
(7)
3.
XV
2 3
– 32 –
4.
XV 2 3
1 1
(%) (%)
2
A 4,908,598,141 97.36 58.72
3
BlackRock, Inc. H 171,394,717 5.17 2.05
4
BlackRock, Inc. H 21,391,000 0.64 0.26
GIC Private Limited H 298,586,000 8.99 3.57
5
Citigroup Inc. H 375,158,512 11.30 4.49
– 33 –
1 1
(%) (%)
6
Citigroup Inc. H 10,275,745 0.30 0.12
Citigroup Inc. H 364,197,413 10.97 4.36
H 433,450,000 13.06 5.18
Lazard Asset H 167,128,772 5.04 2.00
Management LLC
Brown Brothers H 166,389,736 5.01 1.99
Harriman & Co.
Brown Brothers H 166,389,736 5.01 1.99
Harriman & Co.
1. 2024 10 31
2. 4,908,598,141 A 4,602,432,800 A 212,238,141
A
93,927,200 A
– 34 –
3. 171,394,717 H 11,333,000 H BlackRock, Inc. BlackRock
Financial Management, Inc. 35,099,693 H BlackRock, Inc.
BlackRock Institutional Trust Company, National Association 79,659,000 H
BlackRock, Inc. BlackRock Fund Advisors 3,891,196 H
BlackRock, Inc. BlackRock Japan Co., Ltd. 812,000 H
BlackRock, Inc. BlackRock Asset Management Canada Limited
1,071,000 H BlackRock, Inc. BlackRock Investment Management
(Australia) Limited 5,633,736 H BlackRock, Inc. BlackRock
Asset Management North Asia Limited 1,643,000 H BlackRock, Inc.
BlackRock (Netherlands) B.V. 21,776,000 H BlackRock, Inc.
BlackRock Asset Management Ireland Limited 94,000 H BlackRock, Inc.
BlackRock (Luxembourg) S.A. 2,203,620 H BlackRock, Inc.
BlackRock Investment Management (UK) Limited 7,288,687 H
BlackRock, Inc. BlackRock Fund Managers Limited 48,000
H BlackRock, Inc. BlackRock Life Limited 738,265 H
BlackRock, Inc. BlackRock (Singapore) Limited 45,000 H
BlackRock, Inc. BlackRock Asset Management Schweiz AG 58,520
H BlackRock, Inc. Aperio Group, LLC BlackRock, Inc.
H
4. 21,391,000 H 2,178,000 H BlackRock, Inc. BlackRock
Financial Management, Inc. 2,258,000 H BlackRock, Inc.
BlackRock Institutional Trust Company, National Association 3,257,000 H
BlackRock, Inc. BlackRock (Luxembourg) S.A. 13,698,000
H BlackRock, Inc. BlackRock Fund Managers Limited
BlackRock, Inc. H
5. 375,158,512 H 364,197,413 H Citigroup Inc. Citibank,
N.A. 1,899,001 H Citigroup Inc. Citigroup Global Markets
Hong Kong Limited 27,260 H Citigroup Inc. Citigroup Global
Markets Inc. 9,034,838 H Citigroup Inc. Citigroup Global
Markets Limited Citigroup Inc. H
6. 10,275,745 H 3,701,827 H Citigroup Inc. Citigroup
Global Markets Hong Kong Limited 6,573,918 H Citigroup Inc.
Citigroup Global Markets Limited Citigroup Inc. H
– 35 –
5.
6.
7.
8.
6
(1)
(2)
– 36 –
(3)
9.
(1)
(2) 6 c 20 2006
(3) H
183 17 1712–1716
10.
w w w.h k e x n e w s.h k
www.clypg.com.cn 14
(1)
(2) 8
– 37 –
3
1.
2.
3.
*
– 38 –
1.
H
H H
H
183 17 1712–1716 H
2.
3.
4.
H
183 17M H
5.
6. A
7.
8.
– 39 –
= + + +
= + +
+
– 40 –
1.
2023 12 20 2024 7
2043 12
2022 6 25 2024 7
2047 6
2023 4 25 2024 7
2048 4
2023 5 25 2024 7
2048 5
+ 2022 12 20 2024 7
25 2047 12
2016 12 20 2024 7
2036 12
2014 11 20 2024 7
2034 11
2.
= i i
= 1 1
= 1 1
– 41 –
(1)
4 198.5 MW
1 48.69 MW
1 240.80 MW
2 247.55 MW
5 1 874.95 MW
1 48 MW
1 49.5 MW
(2)
– 42 –
(3)
0.3078
0.4207 0.4143
0.3949
2035
2025 2035 2035 2042
1.43%
2025 2035 2035
1.54%
– 43 –
2035
2025 2035 2035
1.80%
2025 2035 2035
1.13%
2047
2025 2029 2029 -2042
5.67% 2042
–
–
3.
3.1
(1)
– 44 –
(2)
(3)
(4)
(5)
(6)
(7)
30.12%-41.11%
32.76%-43.15%
26.59%-35.17%
– 45 –
22.35-34.06%
39.71%-49.51%
30.42%–32.44%
29.02%-30.07%
3.2
1% 5% (3%)
(2%) (0.03%)
3.3
3.4
3.5
– 46 –
4.
5.
5.1
5.2 1 12
5.3 1 3
5.4
6.
7.
8.
(1)
WIND 10
2.21% 2.21%
– 47 –
(2)
L = [1 + (1-t) D/E] u
l:
u:
t:
WIND 2024 6 30
u 0.6041
u
D/E
(3)
1992
2023
9.37% 10 2.21%
7.16%
– 48 –
(4)
0.5%-1%
0.5%
1%
Ke = rf + MRP + rc
13.23% 7.04%
13.49% 7.04%
22.25% 7.04%
13.35% 7.04%
13.10% 7.04%
10.69% 7.54%
11.21% 7.54%
– 49 –
9.
10.
11.
6,234.88
100%
18,914.92
100%
29,463.53
100%
– 50 –
8,397.94
0.00
510.00
8,907.94
12.
= + + +
50,494.73 1,334.47 -3,221.89 54,613.33 103,220.64
167,347.38 6,592.03 -2,176.17 8,907.94 180,671.18
14,177.77 0.00 -2,525.48 11,652.29
12,932.35 0.00 -1,267.89 11,664.46
– 51 –