Million 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2

GMV 30,500 31,600 27,200 41,800 33,800 35,100

YOY -22% 15% 11% 11%
MAU 2,600 2,980 2,650 3,240 2,970 3,310
YOY 0.00% 6.05% 11.34% 13.29% 14.23% 11.07%
ARPU(dollar) 1,173 1,060 1,026 1,290 1,138 1,060
YOY -30.20% 1.65% -2.99% 0.00%
Order number 90 111 96 140 117 148
YOY 25.10% 31.25% 29.32% 34.64% 29.16% 32.79%
Average User order number 3.47 3.73 3.61 4.33 3.92 4.47
YOY 25.10% 23.76% 16.15% 18.85% 13.07% 19.55%
Average price per order 338 284 284 298 290 237
YOY -39.91% -14.48% -14.20% -16.35%
Revenue 19,871 20,738 17,832 26,083 21,319 22,744
YOY 24.56% 18.39% 16.45% 8.09% 7.29% 9.67%
1P segment(%) 65.15% 65.63% 65.56% 62.40% 63.07% 64.80%
YOY 20.18% 19.50% 20.37% 20.64% 20.44% 22.38%
Marketing expense margin 3.25% 4.34% 3.24% 4.28% 3.66% 3.86%
Management expense margin 3.09% 2.97% 3.50% 3.15% 3.14% 3.10%
R&D expense margin 2.35% 2.46% 2.75% 2.04% 1.80% 1.86%
Fullfillment expense margin 8.73% 9.15% 9.89% 8.04% 8.26% 9.67%
Fullfillment expense per order 19.2239 17.044 18.4222 14.9394 15.1245 14.8782
Other revenue 112 279 180 186 101 81
Operating profit 663 400 355 1003 863 965
YOY -10% -36% -21% 13% 30% 141%
Operating profit margin 3.34% 1.93% 1.99% 3.85% 4.05% 4.24%
Net income attributable to shareholder 530 682 229 689 872 814
YOY -0.03986 0.76684 -0.32249 0.02377 0.64528 0.19355
Net profit margin 2.67% 3.29% 1.28% 2.64% 4.09% 3.58%
2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4
31,700 47,600 28,900 38,400 38,300 59,300 46,100 48,100 40,200 57,000
17% 14% -14% 9% 21% 25% 60% 25% 5% -4%
3,200 3,860 2,960 3,880 4,340 5,300 4,580 5,110 4,390 4,920
20.75% 19.14% -0.34% 17.22% 35.63% 37.31% 54.73% 31.70% 1.15% -7.17%
991 1,233 976 990 882 1,119 1,007 941 916 1,159
-3.49% -4.42% -14.21% -6.67% -10.92% -9.27% 3.09% -4.89% 3.77% 3.55%
128 175 122 171 173 227 176 222 173 217
33.33% 24.45% 4.46% 15.36% 35.42% 30.18% 44.21% 29.91% 0.06% -4.58%
3.99 4.52 4.11 4.39 3.98 4.29 3.83 4.33 3.94 4.41
10.42% 4.46% 4.82% -1.59% -0.15% -5.19% -6.80% -1.36% -1.08% 2.79%
248 273 237 225 222 261 263 217 233 263
-12.59% -8.50% -18.15% -5.16% -10.78% -4.30% 10.62% -3.58% 4.90% 0.73%
19,613 29,319 18,793 24,111 23,180 35,775 28,398 29,608 24,922 34,132
9.99% 12.41% -11.85% 6.01% 18.19% 22.02% 51.11% 22.80% 7.51% -4.59%
61.87% 61.59% 65.03% 62.79% 60.52% 60.33% 61.60% 61.55% 61.99% 59.88%
21.59% 23.88% 19.25% 20.49% 21.06% 21.94% 19.70% 20.12% 19.43% 19.67%
3.68% 3.22% 2.19% 4.27% 4.92% 4.76% 4.56% 4.75% 4.98% 3.36%
3.48% 5.91% 4.47% 3.34% 3.66% 3.51% 3.37% 3.42% 4.10% 3.52%
2.04% 1.24% 1.80% 1.27% 1.32% 0.76% 1.19% 1.25% 1.47% 1.30%
8.06% 7.00% 7.42% 6.95% 6.99% 6.12% 6.31% 6.95% 6.49% 6.40%
12.3824 11.7578 11.4518 9.83126 9.37203 9.63302 10.2173 9.28896 9.35801 10.0672
319 144 149 115 280 164 298 361 177 89
1169 1775.43 782.191 1240.01 1248.11 2590 1511.41 1470.51 770.786 1829.72
229% 77% -9% 28% 7% 46% 93% 19% -38% -29%
5.96% 6.06% 4.16% 5.14% 5.38% 7.24% 5.32% 4.97% 3.09% 5.36%
875 1456 685 1536.92 1244.4 2441 1545.47 1092.48 628.351 1414.77
2.82096 1.11321 -0.21445 0.88811 0.42217 0.67651 1.25616 -0.28917 -0.49506 -0.42041
4.46% 4.97% 3.65% 6.37% 5.37% 6.82% 5.44% 3.69% 2.52% 4.15%
2022Q1 2022Q2 2022Q3 2022Q4
47,497 49,557 41,418 58,727
3% 3% 3% 3%
4,626 5,161 4,434 4,969
1.00% 1.00% 1.00% 1.00%
1,027 960 934 1,182
2.01% 2.01% 2.01% 2.01%
179 226 176 221
2.01% 2.01% 2.01% 2.01%
3.87 4.38 3.98 4.45
1.00% 1.00% 1.00% 1.00%
265 219 235 265
1.00% 1.00% 1.00% 1.00%
28,498 29,734 24,851 35,236
0.35% 0.43% -0.28% 3.24%
60% 60% 60% 60%
20% 20% 20% 20%
4% 4% 4% 4%
4% 4% 4% 4%
1% 1% 1% 1%
6.28% 7.60% 7.10% 6.28%
10 10 10 10
90 90 90 90
1,662.50 1,339.15 1,258.65 2,035.29
5.52% 4.20% 4.70% 5.52%
5.83% 4.50% 5.06% 5.78%
1,463.80 1,205.12 1,140.72 1,762.03
-0.05 0.10 0.82 0.25
5.14% 4.05% 4.59% 5.00%
 ALIBABA——SOTP PS Valuation Description Sales (Rmb m)

CORE FY22E FY23E FY24E

1 China commerce 628,211 663,831 757,739
Customer Management: (Ads + commission) 367,461 394,493 415,330
Direct sales and others 260,749 296,927 346,719
Sunart 174,876 212,521 259,781
Intime, Freshippo, Kaola, Tmall Global 64,102 52,590 42,396
Alihealth 21,771 31,816 44,542
Wholesale 16,087 17,931 19,883
2 Cainiao Logistics 45,658 55,660 65,552
3 Local services/Ele.me O2O 39,688 48,788 59,007
4 International commerce 64,301 85,260 113,210
Lazada ASEAN ecomm. 30,966 43,877 61,937
Trendyol Turkey 16,960 22,048 27,560
Others Int'l wholesale, Int retail ex Laz 16,375 19,335 23,713
5 Youku Online video 15,582 16,541 17,786
6 Cloud, other 97,249 123,595 161,873
Cloud Computing AliCloud 75,543 101,964 139,691
Other 21,706 21,631 22,182

Total Core REVENUE 868,981 972,045 1,152,986

ALIBABA——SOTP PS Valuation Description

CORE
1 China commerce
Customer Management: (Ads + commission)
Direct sales and others
Sunart
Intime, Freshippo, Kaola, Tmall Global
Alihealth
Wholesale
2 Cainiao Logistics
3 Local services/Ele.me O2O
4 International commerce
Lazada ASEAN ecomm.
Trendyol Turkey
Others Int'l wholesale, Int retail ex Laz
5 Youku Online video
6 Cloud, other
Cloud Computing AliCloud
Other

Total Core REVENUE

5 Youku Online video
6 Cloud, other
Cloud Computing AliCloud
Other

Total Core REVENUE

 Rev. cagr GMV
Mn Rmb
22E-24E ALIBABA SOTP PS METHOD GMV
10% ARPU*MAU*TAKE RATE=CMR yoy
6% SUM(CMR+other segment sales)=Sales take rate
15% 2024 Revenue* PS Valuation = 2024 Market Cap MAU
22% 2024 Market Cap Discount back to current date
-19% ARPU
43%
11% BABA.N CRM
20% 4/17/2022 yoy
22% Discount rate 10%
33% Revenue 1,152,986
41% PS 2.5
Predit Market cap 22550.89 Mn Rmb
20% current market cap 16,540.4473 GMV
7% potential 36.34% yoy
29% take rate
36% MAU
1% yoy
ARPU
19% yoy
CRM
yoy

aluation Description Sales (Rmb m) Rev. cagr

FY22E FY23E FY24E 22E-24E

merce 628,211 663,831 757,739 10%
USER
Management: (Ads + commission) 367,461 394,493 415,330 6%
MAU TRAFFI
s and others 260,749 296,927 346,719 15%
C
174,876 212,521 259,781 22%
Freshippo, Kaola, Tmall Global 64,102 52,590 42,396 -19%
h 21,771 31,816 44,542 43%
16,087 17,931 19,883 11%
Logistics 45,658 55,660 65,552 20%
es/Ele.me O2O 39,688 48,788 59,007 22%
commerce 64,301 85,260 113,210 33%
ASEAN ecomm. 30,966 43,877 61,937 41%
Renveu
Turkey 16,960 22,048 27,560
e GMV
Int'l wholesale, Int retail ex Laz 16,375 19,335 23,713 20%
Profit
Online video 15,582 16,541 17,786 7%
97,249 123,595 161,873 29%
mputing AliCloud 75,543 101,964 139,691 36%
21,706 21,631 22,182 1%

868,981 972,045 1,152,986 19%

 Online video 15,582 16,541 17,786 7%
97,249 123,595 161,873 29%
mputing AliCloud 75,543 101,964 139,691 36%
21,706 21,631 22,182 1%

868,981 972,045 1,152,986 19%

 1 2 3 4 5 6 7 8 9
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
663000 1077000 1678000 2444000 3092000 3767000 4820000 5727000 6589000 7494000
62% 56% 46% 27% 22% 28% 19% 15% 14%
1.92% 2.40% 2% 2% 3% 3% 3% 4% 4% 4%
123 172 255 350 423 454 552 654 726 811
39.84% 48.26% 37.25% 20.86% 7.33% 21.59% 18.48% 11.01% 11.71%
5390.244 6261.628 6580.392 6982.857 7309.693 8297.357 8731.884 8756.881 9075.758 9240.444
16.17% 5.09% 6.12% 4.68% 13.51% 5.24% 0.29% 3.64% 1.81%
12719 25858 41752 58710 78225 111596 160810 207531 246482 306070
103% 61% 41% 33% 43% 44% 29% 19% 24%

2021 2022E 2023E 2024E

8393280 9186535 9862333 10383259
12% 9% 7% 5%
4% 4% 4% 4%
870 924.4896 973.038 1014.291
7% 6% 5% 4%
9647.448 9936.872 10135.61 10236.97
4% 3% 2% 1%
330555.6 367461.4 394493.3 415330.4
8% 11% 7% 5%

USER
TRAFFI
C

GMV
 10 11 12 14
2021 2022 2023 2024
8393280 9186535 9862333 10383259
12% 9.45% 7.36% 5.28%
4% 4% 4% 4%
870 924.4896 973.038 1014.291
7.27% 6.26% 5.25% 4.24%
9647.448 9936.872 10135.61 10236.97
4.40% 3% 2% 1%
330555.6 367461.4 394493.3 415330.4
8% 11% 7% 5%
Unit:Million 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 2013Q2
GMV
YOY
Quaterly Active User 100 150 170 260 280 350
YOY 180.00% 133.33%
Quaterly ARPU(dollar)
YOY
Order number 3 5 5 9 9 11
YOY 183.87% 134.04%
Average User order number 3.10 3.13 3.18 3.38 3.14 3.14
YOY 1.38% 0.30%
Average price per order
YOY
Revenue 637 856 989 1,883 1,947 2,171
YOY 205.65% 153.62%
1P segment(%)
YOY 21.04% 21.85% 22.35% 22.94% 23.42% 23.54%
Marketing expense margin 5.81% 4.91% 4.65% 4.20% 4.21% 4.28%
Management expense margin 5.65% 4.09% 4.04% 2.66% 3.13% 3.04%
R&D expense margin 2.35% 1.99% 2.02% 2.12% 2.57% 2.44%
Fullfillment expense margin 16.64% 15.19% 13.95% 12.48% 12.12% 12.21%
Fullfillment expense per order
Other revenue 5 2 3 5 8 9
Operating profit -55 -34 -21 34 34 42
YOY -162% -224%
Operating profit margin -8.63% -3.97% -2.12% 1.81% 1.75% 1.93%
Non-operating revenue
Investment income /(loss)
Impairment losses on other investments
Impairment charges
Interest expense -1 0 0 0
Interest income 1 2 9 10 15 22
exchange net income 1 -4 3 0 -1 6
Disposal of investment gains and losses
应占附属公司之溢利/亏损
除税前溢利 -54 -37 -9 44 48 70
所得税 -4 -12 -15
所得税率 -0.09091 -0.25 -0.21429
应占附属公司之除税后溢利/亏损
净利润(含少数股东权益) -54 -37 -9 40 37 56
少数股东损益
视作向优先股股东分派的股息
净利润(不含少数股东权益) -54 -37 -9 40 37 56
yoy -1.68519 -2.51351
净利润率 -8.48% -4.32% -0.91% 2.12% 1.90% 2.58%
 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4

400 570 740 970 980 1220 1290 1420 1460 1980
135.29% 119.23% 164.29% 177.14% 145.00% 114.04% 74.32% 46.39% 48.98% 62.30%

12 18 20 29 28 35 39 45 45 65
116.67% 101.14% 129.55% 162.73% 141.88% 99.44% 90.59% 55.36% 58.30% 83.85%
2.93 3.11 2.73 2.98 2.89 2.89 2.98 3.16 3.07 3.28
-7.92% -8.25% -13.14% -5.20% -1.27% -6.82% 9.33% 6.13% 6.26% 13.28%

2,359 3,969 4,318 5,103 5,430 8,320 8,613 9,018 8,671 13,901
138.52% 110.78% 121.78% 135.05% 130.18% 109.62% 99.47% 76.72% 59.69% 67.08%

24.25% 24.49% 24.90% 24.81% 24.86% 24.88% 24.86% 24.96% 24.86% 24.08%
4.54% 4.43% 4.28% 5.39% 5.32% 5.00% 4.68% 5.58% 5.42% 5.14%
3.09% 2.67% 3.43% 4.45% 4.84% 3.97% 3.45% 3.18% 3.43% 3.03%
2.50% 2.17% 2.66% 2.59% 3.55% 2.80% 2.97% 2.73% 2.92% 2.32%
11.49% 11.24% 10.63% 10.11% 9.56% 9.36% 9.36% 9.09% 8.97% 9.09%

13 24 18 30 45 62 15 42 77 174
74 180 186 146 131 372 395 438 436 802
-452% 429% 447% 248% 77% 107% 112% 200% 233% 116%
3.14% 4.54% 4.31% 2.86% 2.41% 4.47% 4.59% 4.86% 5.03% 5.77%
5 16 0

-10 -90
-6
-10 -29 -24 -12 -22 -17 -22 -24
23 36 50 83 73 84 82 76 63 47
2 2 -7 4 22 -20 9 20 -57 -73

-5
99 218 215 209 217 417 453 516 419 661
-25 -63 -64 -58 -64 -60 -89 -113 -93 -163
-0.25253 -0.28899 -0.29767 -0.27751 -0.29493 -0.14388 -0.19647 -0.21899 -0.22196 -0.2466
-11 -13 -34 -23 -20 -33 -8
74 155 152 139 140 323 341 384 293 491
-12 -23 -31 -23 -26 -15 -24 -16

74 155 164 162 170 346 368 399 317 506

-9.22222 2.875 3.43243 1.89286 1.2973 1.23226 1.2439 1.46296 0.86471 0.46243
3.14% 3.91% 3.80% 3.17% 3.13% 4.16% 4.27% 4.42% 3.66% 3.64%
2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2
35,000 36,300 30,500 31,600

1970 2300 2080 2750 2,600 2,810 2,380 2,860 2,600 2,980
52.71% 61.97% 42.47% 38.89% 31.98% 22.17% 14.42% 4.00% 0.00% 6.05%
1,471 1,269 1,173 1,060

59 69 60 82 72 85 74 104 90 111
52.47% 53.45% 34.15% 26.35% 22.83% 23.08% 23.13% 27.07% 25.10% 31.25%
2.98 3.00 2.89 2.98 2.77 3.02 3.11 3.64 3.47 3.73
-0.16% -5.26% -5.84% -9.03% -6.93% 0.74% 7.61% 22.19% 25.10% 23.76%
473 348 338 284

12,169 13,440 12,002 18,980 15,953 17,517 15,313 24,130 19,871 20,738
41.29% 49.04% 38.42% 36.54% 31.10% 30.33% 27.59% 27.13% 24.56% 18.39%
43.75% 66.47% 65.15% 65.63%
24.29% 24.12% 24.43% 23.54% 23.16% 22.04% 22.85% 21.72% 20.18% 19.50%
4.96% 5.00% 5.35% 4.85% 4.58% 4.29% 3.12% 4.22% 3.25% 4.34%
3.14% 3.23% 4.17% 3.29% 3.40% 3.31% 3.57% 3.23% 3.09% 2.97%
2.69% 2.92% 3.12% 2.48% 2.63% 2.56% 2.97% 2.01% 2.35% 2.46%
8.87% 8.57% 8.55% 8.68% 9.00% 9.39% 10.93% 8.89% 8.73% 9.15%
19.9168 19.3868 22.6216 20.5854 19.2239 17.044
32 53 139 134 170 185 103 74 112 279
596 644 529 939 737 622 448 884 663 400
51% 47% 21% 17% 24% -3% -15% -6% -10% -36%
4.90% 4.79% 4.41% 4.95% 4.62% 3.55% 2.93% 3.66% 3.34% 1.93%

-49 -66 -103 0 -30 0

-22 -22 -20 -21 -25 -19 -19 -19 -29 -39
28 28 22 29 26 30 19 27 60 62
-7 -21 32 47 -10 -37 -27 -17 -64 80
56 0 309

595 581 497 994 727 548 421 845 630 812
-131 -128 -136 -207 -166 -170 -102 -189 -106 -125
-0.22017 -0.22031 -0.27364 -0.20825 -0.22834 -0.31022 -0.24228 -0.22367 -0.16825 -0.15394
-17 -16 -16 -23 -18 -7 -1 4 1 2
447 438 345 763 543 371 318 660 525 689
-28 -14 2 -5 -9 -16 -20 -13 -5 7

475 452 343 768 552 386 338 673 530 682
0.29076 0.13283 0.08202 0.51779 0.16211 -0.14602 -0.01458 -0.1237 -0.03986 0.76684
3.90% 3.36% 2.86% 4.05% 3.46% 2.20% 2.21% 2.79% 2.67% 3.29%
2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4
27,200 41,800 33,800 35,100 31,700 47,600 28,900 38,400 38,300 59,300
-22% 15% 11% 11% 17% 14% -14% 9% 21% 25%
2,650 3,240 2,970 3,310 3,200 3,860 2,960 3,880 4,340 5,300
11.34% 13.29% 14.23% 11.07% 20.75% 19.14% -0.34% 17.22% 35.63% 37.31%
1,026 1,290 1,138 1,060 991 1,233 976 990 882 1,119
-30.20% 1.65% -2.99% 0.00% -3.49% -4.42% -14.21% -6.67% -10.92% -9.27%
96 140 117 148 128 175 122 171 173 227
29.32% 34.64% 29.16% 32.79% 33.33% 24.45% 4.46% 15.36% 35.42% 30.18%
3.61 4.33 3.92 4.47 3.99 4.52 4.11 4.39 3.98 4.29
16.15% 18.85% 13.07% 19.55% 10.42% 4.46% 4.82% -1.59% -0.15% -5.19%
284 298 290 237 248 273 237 225 222 261
-39.91% -14.48% -14.20% -16.35% -12.59% -8.50% -18.15% -5.16% -10.78% -4.30%
17,832 26,083 21,319 22,744 19,613 29,319 18,793 24,111 23,180 35,775
16.45% 8.09% 7.29% 9.67% 9.99% 12.41% -11.85% 6.01% 18.19% 22.02%
65.56% 62.40% 63.07% 64.80% 61.87% 61.59% 65.03% 62.79% 60.52% 60.33%
20.37% 20.64% 20.44% 22.38% 21.59% 23.88% 19.25% 20.49% 21.06% 21.94%
3.24% 4.28% 3.66% 3.86% 3.68% 3.22% 2.19% 4.27% 4.92% 4.76%
3.50% 3.15% 3.14% 3.10% 3.48% 5.91% 4.47% 3.34% 3.66% 3.51%
2.75% 2.04% 1.80% 1.86% 2.04% 1.24% 1.80% 1.27% 1.32% 0.76%
9.89% 8.04% 8.26% 9.67% 8.06% 7.00% 7.42% 6.95% 6.99% 6.12%
18.4222 14.9394 15.1245 14.8782 12.3824 11.7578 11.4518 9.83126 9.37203 9.63302
180 186 101 81 319 144 149 115 280 164
355 1003 863 965 1169 1775.43 782.191 1240.01 1248.11 2590
-21% 13% 30% 141% 229% 77% -9% 28% 7% 46%
1.99% 3.85% 4.05% 4.24% 5.96% 6.06% 4.16% 5.14% 5.38% 7.24%

-32 43 551.443 186.596 200

-20 15 -84 -31 -5 0
-44 -38
-54 -38 -32 -12 -27 -15 -35 -21.07 -4.623 -6.27
50 71 71 42 34 70 81 100.286 112.286 155.26
57 -2 -42 31 45 -35 49 -14.272 -96.558 -98
-89 -28 214

318 986 1074 1041 1106 1721 914 1856.39 1445.81 2803
-103 -232 -244 -213 -212 -314 -173 -324.883 -247.757 -385
-0.3239 -0.23529 -0.22719 -0.20461 -0.19168 -0.18245 -0.18928 -0.17501 -0.17136 -0.13735
10 -60 47 -10 -12 2 -61 7.588 53.598 29
226 694 877 818 882 1410 681 1539.1 1251.65 2448
-3 5 5 4 -6 -46 -4 -2.179 -7.255 -7

229 689 872 814 875 1456 685 1536.92 1244.4 2441
-0.32249 0.02377 0.64528 0.19355 2.82096 1.11321 -0.21445 0.88811 0.42217 0.67651
1.28% 2.64% 4.09% 3.58% 4.46% 4.97% 3.65% 6.37% 5.37% 6.82%
2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4
46,100 48,100 40,200 57,000 47,497 49,557 41,418 58,727
60% 25% 5% -4% 3% 3% 3% 3%
4,580 5,110 4,390 4,920 4,626 5,161 4,434 4,969
54.73% 31.70% 1.15% -7.17% 1.00% 1.00% 1.00% 1.00%
1,007 941 916 1,159 1,027 960 934 1,182
3.09% -4.89% 3.77% 3.55% 2.01% 2.01% 2.01% 2.01%
176 222 173 217 179 226 176 221
44.21% 29.91% 0.06% -4.58% 2.01% 2.01% 2.01% 2.01%
3.83 4.33 3.94 4.41 3.87 4.38 3.98 4.45
-6.80% -1.36% -1.08% 2.79% 1.00% 1.00% 1.00% 1.00%
263 217 233 263 265 219 235 265
10.62% -3.58% 4.90% 0.73% 1.00% 1.00% 1.00% 1.00%
28,398 29,608 24,922 34,132 28,498 29,734 24,851 35,236
51.11% 22.80% 7.51% -4.59% 0.35% 0.43% -0.28% 3.24%
61.60% 61.55% 61.99% 59.88% 60% 60% 60% 60%
19.70% 20.12% 19.43% 19.67% 20% 20% 20% 20%
4.56% 4.75% 4.98% 3.36% 4% 4% 4% 4%
3.37% 3.42% 4.10% 3.52% 4% 4% 4% 4%
1.19% 1.25% 1.47% 1.30% 1% 1% 1% 1%
6.31% 6.95% 6.49% 6.40% 6.28% 7.60% 7.10% 6.28%
10.2173 9.28896 9.35801 10.0672 10 10 10 10
298 361 177 89 90 90 90 90
1511.41 1470.51 770.786 1829.72 1,662.50 1,339.15 1,258.65 2,035.29
93% 19% -38% -29% 5.52% 4.20% 4.70% 5.52%
5.32% 4.97% 3.09% 5.36% 5.83% 4.50% 5.06% 5.78%

97.936 -74.173 -30.31 92.232 50 50 50 50

-36 -217.046
-161.734
-3.696 -1.614 -4.253 -4.899 -4 -4 -4 -4
153.424 160.114 163.053 194.87 160 160 160 160
30.95 -50.684 17.134 -34.451 -30 -30 -30 -30

1790.03 1342.42 880.41 1860.42 1,838.50 1,515.15 1,434.65 2,211.29

-306.959 -312.749 -212.305 -390.691 -367.70 -303.03 -286.93 -442.26
-0.17148 -0.23297 -0.24114 -0.21 -20.00% -20.00% -20.00% -20.00%
64.642 55.596 -30.912 -47.023 0 0 0 0
1547.71 1085.26 637.193 1422.71 1,470.80 1,212.12 1,147.72 1,769.03
-2.24 7.218 -8.842 -7.938 -7 -7 -7 -7

1545.47 1092.48 628.351 1414.77 1,463.80 1,205.12 1,140.72 1,762.03

1.25616 -0.28917 -0.49506 -0.42041 -0.05 0.10 0.82 0.25
5.44% 3.69% 2.52% 4.15% 5.14% 4.05% 4.59% 5.00%