A. 鐢熺墿鍒惰嵂鍗佸ぇ榫欏ご鑲℃湁鍝浜涳紵
鐢熺墿鍒惰嵂鍗佸ぇ榫欏ご鑲℃湁鍝浜涳紵
鍖昏嵂鍏鍙鎬綔涓鴻屼笟棰嗗艱咃紝鎷ユ湁寮哄ぇ鐨勭爺鍙戣兘鍔涘拰涓板瘜鐨勪駭鍝佺嚎錛屼負鎮ｈ呮彁渚涘叏鏂逛綅鐨勫尰鐤椾繚闅滄湇鍔°傝繖浜涘叕鍙哥殑鑲＄エ鍦ㄨ祫鏈甯傚満涓琛ㄧ幇鍑鴻壊錛岄暱鏈熸姇璧勪環鍊兼樉钁椼備笅闈㈠皬緙栧甫鏉ョ敓鐗╁埗鑽鍗佸ぇ榫欏ご鑲℃湁鍝浜涳紝瀵逛簬鍚勪綅鏉ヨ村ぇ鏈夊ソ澶勶紝涓璧風湅鐪嬪惂銆
鐢熺墿鍒惰嵂鍗佸ぇ榫欏ご鑲
鐢熺墿鍖昏嵂鍗佸ぇ榫欏ご鑲″垎鍒鏄錛氭亽鐟炲尰鑽(600276)錛岀埍灝旂溂縐(300015)錛岃繄鐟炲尰鐤(300760)錛岄暱鏄ラ珮鏂(000661)錛岃嵂鏄庡悍寰(603259)錛屾嘲鏍煎尰鑽(300347)錛屾垜姝︾敓鐗(300357)錛岄氱瓥鍖葷枟(600763)錛屽畨鍥劇敓鐗(603658)錛屽崕鍏扮敓鐗(002007)銆
鎷撳睍璧勬枡錛
鑲＄エ浜ゆ槗鍩烘湰瑙勫垯錛
1銆佽偂紲═1浜ゆ槗鍒跺害錛
褰撳ぉ涔板叆鐨勮偂紲錛屽綋澶╀笉鑳藉崠鍑猴紝鍒頒笅涓涓浜ゆ槗鏃ユ墠鑳藉崠鍑猴紝褰撳ぉ鍗栧嚭鑲＄エ鐨勮祫閲戝綋澶╂棤娉曞彇鍑猴紝絎浜屼釜浜ゆ槗鏃ユ墠鑳藉彇鍑恆
2銆佽偂紲ㄤ氦鏄撴椂闂
闈炴硶瀹氳妭鍋囨棩鐨勫懆涓鍒板懆浜旓紝涓婂崍9錛30鈥11錛30錛屼笅鍗13錛00鈥15錛00銆傛墍鏈夎妭鍋囨棩鎴栬呭懆鏈錛孉鑲￠兘浼氫紤甯傘
鐢熺墿鍖昏嵂鏉垮潡榫欏ご鑲＄エ鏈夊摢浜
鐢熺墿鍖昏嵂鏉垮潡鏄褰撳墠璧勬湰甯傚満鐨勭儹鐐硅屼笟涔嬩竴錛屾湁澶氬朵笂甯傚叕鍙告嫢鏈夎緝寮虹殑絝炰簤鍔涘拰涓氱嘩琛ㄧ幇銆
浣滀負榫欏ご鐨勮偂紲ㄤ富瑕佸寘鎷錛氳仈鍚堟皚鍩洪吀銆佹亽鐟炲尰鑽銆佽嵂鏄庣敓鐗┿佽繄鐟炲尰鐤楃瓑銆傝繖浜涘叕鍙稿湪鐢熺墿鍒惰嵂銆佸尰瀛﹁瘖鏂銆佸仴搴鋒湇鍔＄瓑棰嗗煙鏈夌潃杈冮珮鐨勬妧鏈鍚閲忓拰鍒涙柊鑳藉姏錛屽競鍦哄墠鏅騫塊様錛屾姇璧勪漢澹鍙浠ュ叧娉ㄨ繖浜涘叿澶囬緳澶存綔璐ㄧ殑浼佷笟錛屾嵁瀹為檯鎯呭喌璋ㄦ厧鎶曡祫銆
涓鍖昏嵂鑲＄エ榫欏ご鑲＄エ鏈夊摢浜
涓鑽榫欏ご鑲℃湁騫誇俊鑽涓(300519)銆侀Θ瀛愯嵂涓(002118)銆佹矆榫欒崳鍙(300534)銆佷簯鍗楃櫧鑽(00538)銆佸悓浠佸爞(600085)銆佺墖浠旂檧(600436)銆
鎵╁睍淇℃伅:
1.鍏朵粬涓鑽姒傚康鑲″寘鎷:
1.澶瀹夊爞:榪7涓浜ゆ槗鏃ワ紝澶瀹夊爞涓嬭穼20.26%錛屾渶楂樹環6.48鍏冿紝鎬誨競鍊間笅璺8.51浜垮厓錛岃穼騫20.26%銆
2.鐩婄敓鑽涓:鍥為【榪囧幓7涓浜ゆ槗鏃ワ紝鐩婄敓鑽涓氳繛璺6澶┿傚叏鏃舵典笅璺9.38%錛屾渶楂樹環8.58鍏冿紝鏈浣庝環9.14鍏冿紝鍏辨垚浜4019.66涓囨墜銆
3.浠ュ箔鑽涓:浠ュ箔鑽涓氳偂浠鋒渶榪7澶╀笅璺15.08%錛2022騫翠笂娑2.26%錛屾渶楂樹環25.76鍏冿紝甯傚347.84浜垮厓銆
鍖昏嵂鑲￠緳澶磋偂閮芥湁鍝涓浜
榫欏ご鑲＄エ鍚嶇О棰嗗厛鐨勮偂紲ㄤ唬鐮佹墍灞炴澘鍧楄屼笟綾誨埆鍏寵仈鐞嗙敱瀵岀ゥ鑽涓300497鍒涗笟鏉垮尰鑽鐢熺墿尾-涓栫晫涓繪祦鐨勫唴閰拌兒閰舵姂鍒跺墏渚涘簲鍟;涓昏佺敓浜х壒縐嶆姉鑿屽師鏂欏強鍏朵腑闂翠綋錛屽寘鎷鑸掑反鍧︾郴鍒楀拰浠栧攽宸村潶緋誨垪尾-涓夊ぇ緋誨垪錛氬唴閰拌兒閰舵姂鍒跺墏鍘熸枡鑽鍜屼腑闂翠綋錛屼互鍙婄⒊闈掗湁鐑鎶楄弻鍘熸枡鑽鍜屼腑闂翠綋銆傚叾涓錛屼粬鍞戝反鍧﹀拰鑻忔湪緔犵：閰哥洂鏄鍘熸枡鑽錛屽叾浠栨槸涓闂翠綋銆2019騫存敹鍏ヤ負5.涓昏惀涓氬姟398浜垮厓.7%銆傜編璇哄崕603538涓婃搗鍖昏嵂鐢熺墿鍑哄彛嬈ф床鏈澶氱殑鐗圭岮PI鍏朵腑涓瀹跺浗鍐呭叕鍙告垚鍔熷紑鍙戝拰鐢熶駭浜嗗師鏂欒嵂鍜屼腑闂翠綋錛岀敤浜庢矙鍧︺佺憺鑸掍紣浠栨矓銆侀樋鎵樹紣浠栨矓銆佹隘鍚℃牸闆峰拰鍩冪儲緹庢媺鍞;杈芥簮鑽涓氱殑鐩鏍囦駭鍝佹槸蹇冭綆°佹姉鎶戦儊鍜岀簿紲炴椿鎬у師鏂欒嵂鍜岃嵂鐗╀腑闂翠綋;浠ュ強Krka錛宒d鍜孨ovomesto鎴愮珛鍚堣祫鍏鍙革紝2019騫翠腑闂翠綋鍙夾PI鐨勬敹鍏ヤ負9.74浜垮厓錛屽崰涓昏惀涓氬姟82浜垮厓.5%銆傜傳閼鑽涓002118涓灝忔澘鍖昏嵂鐢熺墿鍥藉朵簩綰т繚鎶や腑鑽鏈変負3縐嶃傜傳閼鑽涓00218涓灝忔澘鍖昏嵂鐢熺墿鍥藉朵簩綰т繚鎶や腑鑽鏈変笁縐嶃備駭鍝佷富瑕佸寘鎷鍥涘欎父銆佽椏鑳嗙墖銆佽偩澶嶅悍鑳跺泭銆佹椿琛閫氳剦鐗囥佸垎娓呬父銆佷簩涓侀楃矑銆佸効絝ョ櫧璐濈瓑銆傦紝鐢ㄤ簬娌葷枟椋庢箍銆佽抽薊鍠夈佹硨灝跨郴緇熴佸績鑴戣綆°佽剳琛綆°佽倽鑳嗐佹秷鍖栫郴緇熺柧鐥;鍓嶈呭寘鎷鐧藉弬銆佺孩鍙傘佸共浜哄弬銆佷漢鍙傚弻鑰抽ギ鏂欍佷漢鍙傛灉钄鍙戦叺楗鏂欑瓑銆2019騫翠互鏉ワ紝浜哄弬浜у搧鏀跺叆涓3.84浜跨編鍏冿紝鍗44浜跨編鍏.7%涓鎴愯嵂浜у搧鏀跺叆4%.65浜跨編鍏冿紝鍗54浜跨編鍏.1%銆
鍖昏嵂涓婂競鍏鍙擱緳澶磋偂紲ㄦ湁鍝浜
2023鍖昏嵂涓婂競鍏鍙擱緳澶磋偂紲ㄥ備笅錛
1銆丼T瀹滃悍(000150)錛屾定騫5.45%銆
2銆丼T杈呬粊(600781)錛屾定騫4.72%銆
3銆佽瘹鎰忚嵂涓(603811)錛屾定騫3.77%銆
4銆佹垚閮藉厛瀵(688222)錛屾定騫3.62%銆
5銆佸叴榻愮溂鑽(300573)錛屾定騫2.69%銆
B. 鏈鏈夋綔鍔涚殑鐢熺墿鍖昏嵂榫欏ご鑲℃湁鍝浜涳紵
鏈鏈夋綔鍔涚殑鐢熺墿鍖昏嵂榫欏ご鑲℃湁鍝浜涳紵
涓撴敞浜庣敓鐗╁尰鑽鐮斿彂銆佺敓浜у拰閿鍞錛屾嫢鏈夐嗗厛鐨勬妧鏈鍜屽搧鐗屼紭鍔匡紝鑷村姏浜庝負鍏ㄧ悆鎮ｈ呮彁渚涢珮璐ㄩ噺銆佸畨鍏ㄦ湁鏁堢殑鍖葷枟浜у搧鍜屾湇鍔°備笅闈㈠皬緙栧甫鏉ユ渶鏈夋綔鍔涚殑鐢熺墿鍖昏嵂榫欏ご鑲℃湁鍝浜涳紝瀵逛簬鍚勪綅鏉ヨ村ぇ鏈夊ソ澶勶紝涓璧風湅鐪嬪惂銆
鏈鏈夋綔鍔涚殑鐢熺墿鍖昏嵂榫欏ご鑲
娼滃姏鐢熺墿鍖昏嵂榫欏ご鑲″備笅錛
1.鎮掔憺鍖昏嵂(600276)錛屽浗鍐呭壋鏂拌嵂絎涓鑲°備富瑕佷駭鍝佺嚎鏈夋姉鑲跨槫銆侀夯閱夈侀犲獎鍓傜瓑銆傚叕鍙哥殑鍑璧勪駭鏀剁泭鐜囧氬勾淇濇寔鍦23%浠ヤ笂錛屽噣鍒╂鼎澶氬勾淇濇寔20%浠ヤ笂鐨勯熷害澧為暱銆傚叕鍙哥殑鐮斿彂瀹炲姏闈炲父寮猴紝綆＄悊鍥㈤槦姣旇緝浼樼錛岄攢鍞鑳藉姏涔熷緢寮恆
2.鐖卞皵鐪肩(300015)錛屽浗鍐呯溂縐戣繛閿佸尰闄㈢涓鑲°備富瑕佸悜鎮ｈ呮彁渚涘悇縐嶇溂縐戠柧鐥呯殑璇婃柇銆佹不鐤楀強鍖誨﹂獙鍏夐厤闀滅瓑鐪肩戝尰鐤楁湇鍔°傚叕鍙哥殑鍑璧勪駭鏀剁泭鐜囧氬勾淇濇寔鍦20%宸﹀彸錛屽噣鍒╂鼎澶氬勾淇濇寔30%浠ヤ笂閫熷害澧為暱銆
3.榪堢憺鍖葷枟(300760)錛屽浗鍐呭尰鐤楀櫒姊扮涓鑲°備富瑕佷駭鍝佺嚎鏈夌敓鍛戒笌淇℃伅鏀鎸併佷綋澶栬瘖鏂銆佸尰瀛﹀獎鍍忕瓑銆傚叕鍙哥殑鍑璧勪駭鏀剁泭鐜囧氬勾淇濇寔鍦25%浠ヤ笂錛屽噣鍒╂鼎澶氬勾淇濇寔25%浠ヤ笂鐨勯熷害澧為暱銆
鐢熺墿鍖昏嵂鍖葷枟榫欏ご鑲℃槸浠涔
棰嗗厛鐨勫尰鑽鑲＄エ鏈:瀵岀ゥ鑽涓(300497)銆佺編璇哄崕(603538)銆佺傳閼鑽涓(002118)銆備互涓嬫槸瀵硅繖浜涜偂紲ㄧ殑璇︾粏浠嬬粛錛屾劅鍏磋叮鐨勬姇璧勮呭彲浠ョ戶緇闃呰匯傚叾涓錛岀編璇哄崕鏄嬈ф床鍑哄彛鏈澶氱殑鐗圭岮PI鍥藉唴鍏鍙鎬箣涓銆
榫欏ご鑲＄エ鍚嶇О棰嗗厛鐨勮偂紲ㄤ唬鐮佹墍灞炴澘鍧楄屼笟綾誨埆鍏寵仈鐞嗙敱瀵岀ゥ鑽涓300497鍒涗笟鏉垮尰鑽鐢熺墿尾-涓栫晫涓繪祦鐨勫唴閰拌兒閰舵姂鍒跺墏渚涘簲鍟;涓昏佺敓浜х壒縐嶆姉鑿屽師鏂欏強鍏朵腑闂翠綋錛屽寘鎷鑸掑反鍧︾郴鍒楀拰浠栧攽宸村潶緋誨垪尾-涓夊ぇ緋誨垪錛氬唴閰拌兒閰舵姂鍒跺墏鍘熸枡鑽鍜屼腑闂翠綋錛屼互鍙婄⒊闈掗湁鐑鎶楄弻鍘熸枡鑽鍜屼腑闂翠綋銆傚叾涓錛屼粬鍞戝反鍧﹀拰鑻忔湪緔犵：閰哥洂鏄鍘熸枡鑽錛屽叾浠栨槸涓闂翠綋銆2019騫存敹鍏ヤ負5.涓昏惀涓氬姟398浜垮厓.7%銆傜編璇哄崕603538涓婃搗鍖昏嵂鐢熺墿鍑哄彛嬈ф床鏈澶氱殑鐗圭岮PI鍏朵腑涓瀹跺浗鍐呭叕鍙告垚鍔熷紑鍙戝拰鐢熶駭浜嗗師鏂欒嵂鍜屼腑闂翠綋錛岀敤浜庢矙鍧︺佺憺鑸掍紣浠栨矓銆侀樋鎵樹紣浠栨矓銆佹隘鍚℃牸闆峰拰鍩冪儲緹庢媺鍞;杈芥簮鑽涓氱殑鐩鏍囦駭鍝佹槸蹇冭綆°佹姉鎶戦儊鍜岀簿紲炴椿鎬у師鏂欒嵂鍜岃嵂鐗╀腑闂翠綋;浠ュ強Krka錛宒d鍜孨ovomesto鎴愮珛鍚堣祫鍏鍙革紝2019騫翠腑闂翠綋鍙夾PI鐨勬敹鍏ヤ負9.74浜垮厓錛屽崰涓昏惀涓氬姟82浜垮厓.5%銆傜傳閼鑽涓002118涓灝忔澘鍖昏嵂鐢熺墿鍥藉朵簩綰т繚鎶や腑鑽鏈変負3縐嶃傜傳閼鑽涓00218涓灝忔澘鍖昏嵂鐢熺墿鍥藉朵簩綰т繚鎶や腑鑽鏈変笁縐嶃備駭鍝佷富瑕佸寘鎷鍥涘欎父銆佽椏鑳嗙墖銆佽偩澶嶅悍鑳跺泭銆佹椿琛閫氳剦鐗囥佸垎娓呬父銆佷簩涓侀楃矑銆佸効絝ョ櫧璐濈瓑銆傦紝鐢ㄤ簬娌葷枟椋庢箍銆佽抽薊鍠夈佹硨灝跨郴緇熴佸績鑴戣綆°佽剳琛綆°佽倽鑳嗐佹秷鍖栫郴緇熺柧鐥;鍓嶈呭寘鎷鐧藉弬銆佺孩鍙傘佸共浜哄弬銆佷漢鍙傚弻鑰抽ギ鏂欍佷漢鍙傛灉钄鍙戦叺楗鏂欑瓑銆2019騫翠互鏉ワ紝浜哄弬浜у搧鏀跺叆涓3.84浜跨編鍏冿紝鍗44浜跨編鍏.7%涓鎴愯嵂浜у搧鏀跺叆4%.65浜跨編鍏冿紝鍗54浜跨編鍏.1%銆
鍖昏嵂涓婂競鍏鍙擱緳澶磋偂紲ㄦ湁鍝浜
鍖昏嵂涓婂競鍏鍙擱緳澶磋偂紲ㄦ湁鑵捐鎺ц偂鏈夐檺鍏鍙搞佽嵂鏄庣敓鐗┿佷腑鍥界敓鐗╁埗鑽銆
1銆佽吘璁鎺ц偂鏈夐檺鍏鍙(00700.HK)錛氳吘璁鏃椾笅鐨勫尰鑽瀛愬叕鍙歌吘璁鍖葷枟鍋ュ悍鏄涓鍥介嗗厛鐨勪簰鑱旂綉鍖葷枟騫沖彴涔嬩竴錛屾槸鍖昏嵂琛屼笟鐨勯緳澶翠紒涓氫箣涓銆
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鍖昏嵂鑲＄エ榫欏ご鑲℃帓鍚嶅墠鍗
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3.鏂拌嵂瀹為獙榫欏ご錛603259鑽鏄庡悍寰
4.緋栧翱鐥呴緳澶達細600867閫氬寲涓滃疂
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6.緇寸敓緔犵敤鑽榫欏ご錛002001鏂板拰鎴
7.琛鍒跺搧榫欏ご錛002007鍗庡叞鐢熺墿
8.鐢熼暱嬋緔犻緳澶達細000661闀挎槬楂樻柊
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14.鍖昏嵂鍟嗕笟榫欏ご錛601607涓婃搗鍖昏嵂
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