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2010 2011

2011 2 18

010-66045821

chenyue@txsec.com

2010 48267
2009 12025 33.2% 2009 17.1 2010
1998

2010
2008916

2009
2010
10.4310.1%

A0140511010017

010-66045815

liheng@txsec.com

010-66045555

service@txsec.com

200933.55.2518.3%200958.6

2010
72494 25.4% 2009 20.5

70 7.6%
5.0%
2011 2010
2011 2010

2011

2011 1
2011

2010
201048267200912025
33.2%17.11998
11998

35.0

33.2

30.3
30.0

30.2

29.6
27.3

25.0
20.0
15.0

22.8

21.5

20.9

23.4

22.1

16.1

13.7
13.5

10.0
2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

201030%1-2
31.1%1-538.2%6
33.2%
35.1%38.1% 36.4%33.2%

www.txsec.com


22010

2010%

50.0
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0

2010 3
31.1
31.1

35.1
39.0

10

11

12

36.2
38.5

38.2
43.5

38.1
37.9

37.2 36.7
33 34.1

36.4
35.0

36.5
37.0

36.5
36.7

33.2
12.0

20102800932.7%
1051732.4%974135.3%
2.12.62.9
31940%62.5%
60.1%56.3%49.9%49.5%49.0%48.5%
48.2%46.2%

www.txsec.com


32010

2010
5000
4500
4000
3500
3000
2500
2000
1500
1000
500
0

80.0

60.0
40.0
20.0
0.0
-20.0
-40.0

-60.0

2010
58.0%20090.221.8%0.1
20.2%0.3
20103403832.9%
901066527.4%90-14016675
38.1%140669829.6%
282736.4%

www.txsec.com


42010

2010
12000
10000
8000
6000
4000
2000
0

27.4

40.0

36.4

29.6

30.0
20.0
10.0
0.0

-5.9

-10.0

90

140

20101422933.9%180731.2%
559933.9%682434.6%
52010
2010
40000

35.0

34.6

35000

34.0

33.9

30000

32.9

33.0

25000
20000

32.0

31.2

15000

31.0

10000
30.0

5000
0

29.0

201016.42009
40.7%27.2
1-572.4%7
40.7%

www.txsec.com


62010

2010%
75.0
70.0
65.0
60.0
55.0
50.0
45.0
40.0
35.0

1-2

1-3

1-4

1-5

1-6

1-7

1-8

1-9

1-10

1-11

1-12

37.5

60.8

64.1

72.4

67.9

67.7

66.1

63.1

61.9

48.7

40.7

12.938.8%0.37
28.6%1.7540.6%
201040.620098.5
26.6%7.60.34.5%
6.12.7%0.175.8%0.79
16.2%

2010
2008916
1-211.2%1-426.4%30%1-837.9%
4097028.4%
30.0%
35.6%35.6%28.4%

200920082.92009
2.320102.17.7%1729
4.6%
20102007
3103220066492 2007104522008

www.txsec.com


17129200917855.4%
2010
2010
10.4310.1%33.5
5.2518.3%58.6

35.8%15.4%8.2%10.1%
1-238.2%1-31-4
335.8%32.8%
55-10
1-71-51-61-710.37.15.7
1-86.7%9
48.2%9.1%9.8%10.1%
7:2010

2010

%
80

60

40

20

0
1-2 1-3 1-4 1-5 1-6 1-7 1-8 1-9 1-10

1-11

1-12

20105.08
4.1%45.23320310.1%75.2
2622319.9%13.7913939.7% 16.6
2730413.5% 28.81013732.2%
33.8

www.txsec.com


201093052
8.0%37.44395314.4%66.91882
21.9%11.6214931.2%37.8
692129.9%3.2535446.3%1.6
201090
2.8011.5%1285921.7%90-1404.71
9.3%1886414.5%1401.790.2%
122307.3%42508.1%4626
3.5%
2010
201072494
25.4%20.51-269.5%
38.47.8
8:2010

2010%
80.0

70.0

60.0
50.0
40.0
30.0
20.0
10.0
0.0
2010
1-2

1-3

1-4

1-5

1-6

1-7

1-8

1-9

1-10

1-11

1-12

2010796
66.0%1.1%0.32670548.8%
36.8%5.71254010.3%17.3%
2.41902017.3%26.2%1.9
92117.6%12.7%2.1
201045186
20.9%25.11336030.3%14.9

www.txsec.com


1394837.3%9.1
4020104043592
19.0%6.94023
545.529.628.6
27.826.0
2010
707.6%1270
6.4%111.30.3%7.6%11
1.70.3%110.1
12705
47.5%44.2%18.3%13.0%11.7%55
2.4%1.9%1.7%
1230.4%
5.0%12705.0%
110.60.5%110.2
1264538.8%
21.6%16.8%14.2%12.8%15
,2.6%571.5%
,1.9%940.2%
201070
415.4%10.5%
45812
7.6%5.0%47.85.5

www.txsec.com


9:2010
2010(%)
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0

15.4

14.2

13.0
11.3

10.5

9.5

8.5

8.0

15.1

14.1

12.9

11.3

10.6

9.3

9.2
7.7

11.7

6.7

6.2

7.6

6.2

5.9

10

5.6

11

5.0

12

45
5-78
0.5%
10:2010
2010(%)
2.0
1.5
1.0
0.5
0.0
1

10

11

12

-0.5
-1.0

2011
() 2010
199820102011

10

www.txsec.com


2010

2010
2011
2011
1
2010
2011

11

www.txsec.com

(ZX0157)

5 B 5
010-66045824 010-66045429 100140

19 B 701
010-66045566

010-66573918

5 B 4
010-6604556666045577 010-66045500

100140
100140

28 A
010-66045566

010-66045700

379 12 D

021-58824282
: 021-58824283
6033 22A
0755-83234800
0755-83234800

12

100088
200120
518040

www.txsec.com

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