1、 :,Wuhan Yangtze Communication Industry Group Co.,Ltd:YCIG 200-1 11 430070E-Mail:200-1 11 027-87411083 027-87411083E-Mail 027-87426652 027-87411083E-Mail 200-1 11 http:/600345 2.3.9,627,410.92()=/=/=/100%=-/=/=/=ROE=P/E0+NP 2+Ei Mi M0-Ej Mj M0 100%P NP E0 Ei Ej Mo Mi Mj EPS=P/S0+S1+Si Mi M0-Sj Mj M0
2、 P S0 S1 Si Sj Mo Mi Mj 9 2000 8.73%18.74%0.40 0.55 2.14%4.60%0.10 0.13 12.36%26.53%0.56 0.77 11.09%23.81%0.50 0.69()120,000,000.00 54,896.78 63,837,453.36 21,279,151.12 119,440,505.49 303,332,855.63 45,000,000.00 309,600,000.00 27,832,896.42 9,277,632.14 92,776,632.14 475,209,217.84 27,832,896.42 2
3、7,832,896.42 165,000,000.00 309,654,896.78 91,670,349.78 30,556,783.26 184,383,930.49 750,709,177.05 1 2000 12 6 4500 1.00 4500 2 4500 A 30,960 3 2000 30%4 2000 10%5 1(+,-)12000 120001 12000:10500 105001500 1500 234 12000 120001.4500 4500 45002.3.4.4500 4500 4500 12000 4500 4500 165002 1 2000 11 29
4、2000160 A 4 500 8.18 16500 2 2000 12 6 3 2000 12 14 2000113 4500 2000 12 22 1 23455 2 2000 12 29(%)1 5570 5570 33.762 4850 4850 29.393 1000 1000 6.064 351 351 2.315()149 149 0.96 128.905 128.905 0.787 111.15 111.15 0.6748 105.9 105.9 0.6429 92.697 92.697 0.56210 91.662 91.662 0.556:1 5%5%2 1 2 4 3 5
5、 6 10 3 98%3 10%1 2 4 2000 4 12 1999 6 1.2 100%1999 1999 2000 1999 2000 5 8 6 1.2 100%1999 8 2 1999 2000 12 4 1 1999 6 SDH SDH PDH ITU-T 25%7 2001 2 4 2 2000 WTO 2000 289,361,903.19 92,776,321.42 2000 12 6 4500 GPS SDH OA-1,251,373,914.20 49,936,813.54 46,226,107.37 15,923,141.11 8,238,118.38 619,64
6、4.12 289,361,903.19 66,479,598.77 SDH 2000 SDH 219,833,286.29 75.97%43,752,338.57 67%3 51%SDH SDH PDH 2000 2000 4 1 2 3 4 2000 1999 1,084,063,669.14 669,204,205.15 61.99%15,869,076.86 0 750,709,177.05 303,332,855.63 147.49%65,550,692.47 65,371,922.91 0.27%92,776,321.42 69,209,920.92 34.05%4500 A 1 4
7、500 A 2000 12 6 354,600,000.00 12 12 2000 30,000,000 324,600,000 2 1 2000 39%21,180,000.00 2000 6 23 50%2000 12 31 2,000 39%780 PC 16,669,216.92 1,736,031.65 2 2000 13,244,800.00 72,524,164.92-358,520.05 3 2000 11 4000 14,400,000.00 36%626,224.55-660,581.58 2001 1 2 3 4 5 IP 1 1 2000 1 30 1 3 2 2 20
8、00 3 3 1 3 2 3 2000 4 11 1 1999 2 1999 3 1999 1999 4 2000 5 6 7 8 1 2 3 4 4 2000 6 2 12 2118 39%5 2000 7 17 1 4000 36%2 35%70 50%15%6 2000 9 18 700 7 2000 9 28 GPS 4950 2000 12 4 8 2000 12 26 1 2000;2000 2 2000 12 28 2 1 2 1()48 1999.8-2002.8 54 1999.8-2002.8 41 1999.8-2002.8 62 1999.8-2002.8 37 199
9、9.8-2002.8 56 1999.8-2002.8 48 1999.8-2002.8 35 1999.8-2002.8 40 1999.8-2002.8 44 1999.8-2002.8 39 1999.8-2002.8 51 1999.8-2002.8 38 2000.1-2002.8 52 2000.3-2002.8 36 2000.3-2002.8 47 2000.12-2002.8 46 2000.12-2002.8 17 7 50000-60000 2 40000-50000 5 3 261 39 15%162 62%3 2001 1 2000 2000 92,776,321.4
10、2 10%9,277,632.14 10%9,277,632.14 119,440,505.49 193,661,562.63 10%9,277,632.14 184,383,930.49 2000 12 31 16500 10 2.00 3300 151 383 930.49 2000 2 2001 1 2001 2001 2 2001 30%2000 2001 30%,10%3 2001 1 2000 4 11 3 3 1 2 3 1999 2000 4 1999 5 2000 6 2 3 3 2118 39%1 2 2000 2000160 2000 12 6 4500 36810 13
11、50 12 12 35460 2000376 12 31 30,000,000.00 2000 6 2 2118 39%2000 1 30 39%21,180,000.00 2,000 39%780 1 2 39%1 6.06%2 3 A 2,118 39%B C 2 2000 5 31 2.22:1 D E 15 50%2000 1 2 3 700 1 2000 9 28 4,950 2000 12 31 2000 12 4 2 25%2000 2000 12 28 2000 7 10 4,850 29.39%2001 3 2(2001)120 2000 12 31 2000 2000 20
12、00 12 31 2000 B 16 2001 2 12 1995 12 11 1995108 1996 5 13 9630707 1.2 1.2 200-1 1999 9 20 1999 109 500 351 1.85 2000160 2000 12 6 4500 8.18 2000 12 22 1.65 1.65 4200001000753 1 1 12 31 10%a.b.c.d.e.B.C.A.B.C.D.a.b.c.d.e.f.g.10 h.B.a.b.c.d.C.a.b.A.2,000 B.C.D.(%)(%)20-30 5-10 3-4.75 5-8 5-10 11.25-19
13、 5 5-10 18-19 5-10 5-10 9-19 10%5%A.B.A.a.b.c.B.a.b.c.10 d.C.PDH 6.5 SDH 8-600V 8 SDH 2.5G 8 11#30 4#18 YCIG 10 OA-1 3 GPS 10 5 3 10 10 10 10 5 5 2 5 5 1995 11 A.2000295 5,099,295.18 1999 5,099,295.18 509,929.51 2000 3,569,506.65 B.25%2000 2000 12 26 25%1996 1 146,271,512.11 1999 40,397,401.56 1999
14、105,874,110.55 74,111,877.38 74,111,877.38 146,271,512.11 A.17%1999189 1999 11 1 B.3%5%C.7%D.3%E.2%F.1 G.1 H.15%2000 4 15%10%2000 33%2000 4 29 1 15%A.USD11,120,000.00 USD 5,671,200.00 RMB 30,976,661.5251%RMB200,000.00RMB102,000.00 51%RMB400,000.00 RMB204,000.00 51%RMB2,000,000.00RMB1,000,000.00 50%R
15、MB3,000,000.00RMB2,755,000.00 91.83%RMB10,000,000.00RMB6,500,000.00 65%RMB35,500,000.00 RMB13,845,000.00 39%NLG89,660,000.00 NLG22,415,000.00 RMB78,552,009.5025%RMB40,000,000.00RMB14,400,000.00 36%USD12,000,000.00 USD1,600,000.00 RMB13,244,800.0020%B.2000 6,500,000.00 65%2000 C.D.15,500,000.00 2000
16、6 2 21,180,000.00 39%2000 6 23 50%10,590,000.00 2000 20,000,000.00 39%2000 12 31 7,800,000.00 35,500,000.00 6 23 50%2000 6 29 2000 7 1 E.USD12,000,000.00 USD2,400,000.00 20%2000 12 31 USD1,600,000.00 RMB13,244,800.00 217,683.90 130,969.83 USD 2,830.42 8.2781 23,430.50 1,007.19 8.2793 8,338.83 HKD 38
17、2.45 1.0606 405.63 13,294.05 1.0653 14,162.15 JPY 196,480.00 0.072422 14,229.47 739,328.00 0.0809 59,811.64 414,753,244.48 94,403,811.31 USD626,873.75 8.2781 5,189,323.59 282,601.72 8.2793 2,339,744.42 HKD 8,258.96 1.0606 8,759.45 7,460.00 1.0653 7,947.14 JPY 17,486,964.77 0.072422 1,266,440.96 1,03
18、8,029.77 0.0809 83,976.61 414,970,928.38 94,534,781.14 2000 12 31 414,970,928.38 1999 12 31 94,534,781.14 320,436,147.24 338.96%4,500 8.18 0.3 354,600,000.00 2000 10 24 2001 4 23 500,000.00 2000 10 9 2001 4 9 200,000.00 2000 10 23 2001 3 30 500,000.00 1,200,000.00 1,560,000.00 2001 1 15 2000()2000 1
19、,560,000.00 A.1 208,924,573.12 92.01%204,745,218.99 90.32%1-2 11,193,888.55 4.93%17,272,484.23 7.62%2-3 6,596,496.74 2.91%4,111,474.13 1.82%3 341,878.50 0.15%550,078.55 0.24%227,056,836.91 100%22,705,683.69 226,679,255.90 100%22,667,925.59B.23,041,224.00 1999-2000 12,105,456.002000 8,738,882.482000
20、7,483,887.292000 7,374,109.152000 C.5%5%A.1 10,383,983.18 80.13%7,181,970.76 41.33%1-2 1,280,891.76 9.89%6,523,353.37 37.54%2-3 294,112.89 2.27%3,127,569.01 18.00%3 999,195.62 7.71%544,583.05 3.13%12,958,183.45 100%1,295,818.35 17,377,476.19 100%1,737,747.62B.4,481,005.232000 2,471,876.201999-2000 5
21、00,000.001997 12 276,000.002000 8 263,361.002000 11 C.2000 12 31 1999 5,856,156.31 31.12%400 D.5%5%A.1 1,030,118.03 12.82%1,577,513.01 18.56%1-2 85,269.18 1.06%307,326.00 3.62%2-3 299,000.00 3.72%3 6,622,480.00 82.40%6,614,440.00 77.82%8,036,867.21 100%8,499,279.01 100%B.6,622,480.00 1996 399,208.84
22、 2000 299,000.00 1998 221,260,00 2000 108,730.00 2000 C.2000 12 31 6,622,480.00 1996 D.5%5%8,745,964.91 9,891,533.91 18,890,777.36 14,365,565.04 21,830,087.17 118,709.20 35,648,254.23 250,875.14 689,229.46 1,235,828.78 50,156,058.90 118,709.20 61,141,181.96 250,875.14 752,559.12 349,529.47 402,092.1
23、8 431,753.31 319,868.34 558,884.62 262,554.27 184,817.77 375,126.65 72,245.39 377,037.97 276,240.54 276,240.54 97,918.39 97,918.39 24,749.61 73,438.78 114,340.00 21,800.00 85,740.00 82,390.00 25,150.00 1,900,740.10 910,124.28 770,568.34 1,190,260.11 490,702.51 194,820,312.12 113,442,362.96 336,642.5
24、8 307,926,032.50 194,820,312.12 113,442,362.96 336,642.58 307,926,032.50B.20 51,557,236.90 25%58,805,181.36 204,107,532.59 255,664,769.49 20 17,401,343.97 39%(1,678,105.01)(1,678,105.01)15,723,238.96 30 14,400,000.00 36%(237,809.37)(237,809.37)14,162,190.63 25 13,244,800.00 20%(71,704.01)(71,704.01)
25、13,173,095.99 96,603,380.87 56,817,562.97 202,119,914.20 298,723,295.07C.(3,008,436.90)149(2,039,276.02)(242,290.22)(1,796,985.80)11,578,656.03 10 11,578,656.03 578,932.80 10,999,723.23 8,570,219.1310 9,539,380.01 336,642.58 9,202,737.43 31,618,036.44 11,500.00 6,282,094.16 25,347,442.28 7,523,432.7
26、0 995,110.00 8,518,542.70 38,851,776.87 1,277,232.10 32,786.42 40,096,222.55 10,070,387.61 1,852,463.95 494,010.00 11,429,841.56 88,063,633.62 4,136,306.05 6,808,890.58 85,392,049.09 6,456,424.06 1,111,138.54 1,130,776.80 6,436,785.80 4,289,044.92 662,556.07 4,951,600.99 22,933,568.04 3,990,400.74 5
27、,409.80 26,918,558.98 5,110,275.76 1,573,383.13 310,163.53 6,373,495.36 38,789,312.78 7,337,478.48 1,446,350.13 44,680,441.13 49,274,320.84 40,711,607.96A.4,136,306.05 477,217.88 2,819,088.17 840,000.00 B.2000 12 31 3,237,020.70 17,826,956.69 2,470,337.34 17,180.30 465,631.58 477,217.88 5,594.00 20,
28、264.00 20,264.00 20,134,605.46 663,786.30 14,040.67 20,784,351.09 75%4,993,372.70 4,993,372.70 20,151,785.76 1,149,681.88 477,217.88 34,304.67 20,789,945.09 PDH 23,760,246.13 3,711,177.77 3,711,177.77 SDH 2,605,211.17 1,461,523.39 343,887.84 1,117,635.553 3-600V 1,256,843.28 942,632.40 157,105.44 78
29、5,526.96 4 8 SDH 2.5G 1,115,753.08 1,069,263.56 139,469.16 929,794.406 8 11#7,310,901.02 6,336,114.16 243,702.12 6,092,413.0025 4#6,895,440.00 5,075,810.01 383,079.96 4,692,729.09 12 3 YCIG 167,400.00 167,400.00 13,220.00 154,180.0010 OA-1 1,296,309.87 1,296,309.87 36,008.61 1,260,301.262 11 GPS 3,0
30、50,000.00 3,050,000.00 305,000.00 2,745,000.00 9 47,458,104.55 18,596,521.29 4,513,709.87 5,332,650.90 17,777,580.26 43,686.33 43,686.3362,750.69 20,917.07 41,833.62 959,745.02 959,745.02398,022.20 93,652.28 304,369.92 504,459.22 959,745.02 158,255.68 1,305,948.56:,372,561.48 69,400.00 256,286.63 18
31、5,674.85 584,548.51 126,198.00 458,350.51 146,539.45 28,294.56 118,244.89 56,539.67 12,800.04 43,739.63 149,866.68 21,931.68 127,935.00 770,354.00 64,196.17 706,157.83 1,442,995.00 120,249.60 1,322,745.40 197,771.00 8,240.46 189,530.54 59,900.00 5,990.00 53,910.00 61,200.00 30,600.00 30,600.00 7,000
32、.00 700.00 6,300.00 1,371,255.79 2,547,420.00 675,487.14 3,243,188.65 A.25,500,000.00 91,200,000.00 38,278,100.00 30,633,410.00 63,778,100.00 121,833,410.00 118,256,256.46 5%5%9,913,902.33 5%5%10,698,881.37 4,817,795.81 4,195,028.66 805,272.52 128,878.20 1999 8 69,196.35 363,280.83 6,350,916.33 530,
33、029.37 128,054.06 198,415.80 1,753,693.08 862,243.94 9,823,352.58 84,502.26 153,187.44 141,142.32 67,946.89 446,778.91 20,345,118.83 5%5%113,527.23 273,657.72 8,519,716.51 10,943,753.9799 ISO9002 6,000.00 465,000.00 8,633,243.74 11,688,411.69 197,633.02 705,665.00 9,076.86 3 120,000,000 1 120,000,00
34、0(+-).120,000,000.00 120,000,000.001.120,000,000.00 120,000,000.00 120,000,000.00 120,000,000.00 2.3.4.1.45,000,000.00 45,000,000.00 45,000,000.002.3.4.45,000,000.00 45,000,000.00 45,000,000.00.120,000,000.00 45,000,000.00 45,000,000.00 165,000,000.00 12,000 95 245 4,500 2000 376 54,896.78 54,896.78
35、 309,600,000.00 309,600,000.00 54,896.78 309,600,000.00 309,654,896.78 2000160 4500 1 8.18 0.3 309,600,000.00 21,279,151,12 9,277,632.14 30,556,783.26 21,279,151,12 9,277,632.14 30,556,783.26 21,279,151,12 9,277,632.14 30,556,783.26 63,837,453.36 27,832,896.42 91,670,349.78 A.92,776,321.42 119,440,5
36、05.49 10%9,277,632.14 10%9,277,632.14 10%9,277,632.14 184,383,930.49B.20,619,953.66 119,440,505.49 1 2000295 5,099,295.18 509,929.51 3,569,506.65 2 25%2000 2000 12 26 25%1996 1 1996-1999 146,271,512.11 14,627,151.21 102,390,058.48 SDH 219,833,286.29 220,719,518.76PDH 28,649,862.16 46,433,445.04 9,52
37、2,180.00 7,502,141.04CATV 8,547.00 2,000,871.78 16,719,905.21 8,866,907.39 14,628,122.53 6,674,777.20 289,361,903.19 292,197,661.21 15,054,848.51 17,004,322.86 770,558.72 799,212.36 113,481.00 1,342,187.97 33,642.95 1,322,836.97 282,101.93 368,785.54 14,646,229.77 16,593,247.04 80,131,838.60 57,071,
38、727.16(336,642.58)242,290.22 79,795,196.02 57,314,017.38 26,060.00 9,601,350.92 16,200,000.00 9,627,410.92 16,200,000.00 A.2000 9,601,350.92 B.2000 322 0.03 0.05 25,770,909.73,1 284,442.03 39.02%180,605.19 21.67%1-2 132,504.08 18.18%176,428.94 21.17%2-3 95,409.17 13.09%51,484.31 6.18%3 216,619.05 29
39、.71%424,819.10 50.98%728,974.33 100%72,897.43 833,337.54 100%83,333.75 5%5%268,233,133.77 130,321,414.57 336,642.58 398,217,905.76 20 42,969,395.32 51%7,867,874.72 29,417,514.92 72,386,910.24 13 467,512.63 51%38,267.11 83,732.23 551,244.86 30 2,703,721.21 51%705,171.81 1,113,398.18 3,817,119.39 10 2
40、,755,000.00 91.83%2,231,790.91 4,050,243.10 6,805,243.10 20 51,557,236.90 25%58,805,181.36 204,107,532.59 255,664,769.49 10 1,000,000.00 50%(464,052.98)(768,644.34)231,355.66 20 17,401,343.97 39%(1,678,105.01)(1,678,105.01)15,723,238.96 30 14,400,000.00 36%(237,809.37)(237,809.37)14,162,190.63 25 13
41、,244,800.00 20%(71,704.01)(71,704.01)13,173,095.99 20 6,500,000.00 65%6,500,000.00 152,999,010.03 67,196,614.55 236,016,158.30 389,015,168.32(3,008,436.90)149(242,290.22)(1,796,985.80)11,578,656.03 10 578,932.80 10,999,723.23 8,570,219.1310 336,642.58 9,202,737.43 9,522,180.00 7,502,141.04 95,754.76
42、 957,264.96 5,605,000.00 3,530,830.20 15,222,934.76 11,990,236.20 94,701,361.10 66,773,133.75(336,642.58)242,290.22 94,364,718.52 67,015,423.97 255,917,433.12 251,373,914.20 206,357,706.04 201,437,100.66 49,559,727.08 49,936,813.54 54,923,905.60 46,226,107.37 37,994,346.69 30,302,966.26 16,929,558.9
43、1 15,923,141.11 310,841,338.72 297,600,021.57 244,352,052.73 231,740,066.92 66,489,285.99 65,859,954.65-18,643,677.51-8,238,118.38-18,292,476.24-8,857,762.50-351,201.27 619,644.12 292,197,661.21 289,361,903.19 226,059,576.49 222,882,304.42 66,138,084.72 66,479,598.77()200-1 11 200-1 11 19 1 540 11 1
44、60 ()USD11,120,000.00RMB60,738,552.01USD11,120,000.00RMB60,738,552.01 RMB200,000.00 RMB200,000.00 RMB400,000.00 RMB400,000.00 RMB2,000,000.00 RMB2,000,000.00 RMB3,000,000.00 RMB3,000,000.00 RMB10,000,000.00 RMB10,000,000.00()%RMB30,976,661.52 51 RMB30,976,661.52 51 RMB102,000.00 51 RMB102,000.00 51
45、RMB204,000.00 51 RMB204,000.00 51 RMB1,000,000.00 50 RMB1,000,000.00 50 RMB2,755,000.00 91.83 RMB2,755,000.00 91.83 RMB6,500,000.00 65 RMB6,500,000.00 65()()1 39%1 8.33%2 3 A 2,118 39%B C 2 2000 5 31 2.22:1 D E 15 50%2000 2 1 2 3 7,000,000,00 2000.7.14-2001.1.16 5,000,000,00 2000.7.14-2001.1.16 5,00
46、0,000,00 2000.12.12-2001.11.28 4,000,000,00 2000.12.26-2001.12.26 1,500,000.00 2000.8.7-2001.8.7 3,000,000.00 2000.7.25-2001.1.18:300 2001 1 18()2000 12 31 RMB700 1 2000 9 28 4,950 2 1999 9 8 1 2001 2 18 11#347.05 11,568,564.70 2001 2 28 50%5,784,282.35 2 2001 2 5 600 40.625%51%2000 7 10 4,850 29.39%
