20240182
2024053120240182
......................................................2
......................................................3
......................................................4............................................4......................................................8......................................................8.....................................................13.....................................................13.....................................................14.....................................................16.....................................................21.....................................................22.....................................................23.....................................................25.....................................................26.....................................................27.....................................................29
-1-20240182
-2-20240182
202312
31
20231231
21800.00
20241231
-3-20240182
20231231
603170.SH
433
40001
1.
21102
-4-20240182
500
2.
20202
40035087.5%
5012.5%
20203
202041/
100500
1350.0070.00%
2100.0020.00%
350.0010.00%
500.00100.00%
202241
20221010%3500
20231231
1400.0080.00%
2100.0020.00%
500.00100.00%
-5-20240182
3.
Airmeter
15
B2C
950
Ole
8000 O2O
2019911618
4.
-6-20240182
202212100.00100%
5.
202112312022123120231231
30320.09
17825.47
12494.62
12494.62
202120222023
86635.81
5293.01
3961.24
3961.24
202112312022123120231231
10934.4824322.4228102.65
6703.7015789.0417378.41
4230.788533.3810724.23
202120222023
45824.6186550.6884467.56
3802.175741.252932.49
2854.004302.602190.86
6.
-7-20240182
281026487.67173784141.82
107242345.85303200867.46
178254714.75124946152.71
124946152.71
1
-615////
1763446.70973098.68
1272000.00272000.00
-8-20240182
-12133
1113111131
/
CN202030059334.2 2020/2/25 2020/7/28
/
142031711322020/7/282030/7/27
242021076302020/8/212030/8/20
342011203432020/7/282030/7/27
442011201352020/7/212030/7/20
542007796292020/8/72030/8/6
637024762432019/11/212029/11/20
737022936322019/11/212029/11/20
837018612302019/11/142029/11/13
937013927292019/11/212029/11/20
1037005677352019/11/212029/11/20
1151437756412021/8/142031/8/13
1247463709142021/2/142031/2/13
134748072872021/2/142031/2/13
1447473747122021/2/142031/2/13
1551437723112021/8/282031/8/27
1647480734152021/2/142031/2/13
1751431699312021/8/142031/8/13
1851433286182021/10/142031/10/13
194748978462021/2/212031/2/20
205146114182021/8/212031/8/20
2151430683102021/7/212031/7/20
2247493182182021/2/142031/2/13
-9-20240182
/
2351507031352021/8/142031/8/13
2451458588422021/8/212031/8/20
2551431081392021/8/142031/8/13
2651468240272021/8/142031/8/13
2747493360282021/2/142031/8/13
2849204467302021/3/282031/3/27
2951431706262021/7/212031/7/20
3047473743132021/2/142031/2/13
314746372692021/2/142031/2/13
3236991371432019/11/72029/11/6
334746373082021/2/142031/2/13
3447475598402021/2/142031/2/13
3547461394272021/2/212031/2/20
365145116632021/8/142031/8/13
3747493348102021/2/212031/2/20
3849215553292021/3/282031/3/27
3947483937162021/2/142031/2/13
405146814612021/8/142031/8/13
4147475626412021/2/142031/2/13
4247486571202021/2/142031/2/13
4347493368332021/2/142031/2/13
4447463713292021/5/212031/5/20
4549228720352021/4/72031/4/6
4647459408212021/2/142031/2/13
4751464272342021/8/142031/8/13
4851458572162021/8/282031/8/27
4951468407122021/7/212031/7/20
504747294432021/2/282031/2/27
5151439795192021/8/212031/8/20
-10-20240182
/
5247459412192021/2/142031/2/13
5351455968332021/8/142031/8/13
5447475620342021/2/142031/2/13
5547458980362021/2/142031/2/13
5647459393262021/2/142031/2/13
5751515842322021/8/212031/8/20
584748422852021/8/282031/8/27
594748071642021/2/142031/2/13
6051452721252021/10/72031/10/6
6151516427302021/8/212031/8/20
6251495322432021/8/212031/8/20
6347458568352021/4/282031/4/27
645145117322021/8/212031/8/20
6551439102452021/8/142031/8/13
6651454550132021/8/212031/8/20
6751456053172021/8/142031/8/13
6847458945452021/2/142031/2/13
6947483954112021/2/142031/2/13
7047486559442021/3/142031/2/13
7151462700152021/8/142031/8/13
725145441172021/8/142031/8/13
7349220902322021/3/282031/3/27
7451464276362021/8/212031/8/20
7551442395382021/8/212031/8/20
7647493218392021/2/142031/2/13
7751431085372021/7/212031/7/20
784748423322021/2/142031/2/13
7947469404432021/2/142031/2/13
805144011262021/8/142031/8/13
-11-20240182
/
8147459406222021/2/142031/2/13
8247475988232021/2/142031/2/13
8349224269432021/4/72031/4/6
8447480311372021/2/142031/2/13
8547459792382021/2/142031/2/13
8651439057402021/8/142031/8/13
8751442671242021/8/142031/8/13
8847479509252021/2/142031/2/13
8947461568172021/2/212031/2/20
905144011652021/10/72031/10/6
9151439087282021/8/212031/8/20
9251437750442021/8/142031/8/13
9351498255292021/8/142031/8/13
945145443342021/7/212031/7/20
9551465736212021/8/142031/8/13
9651468195232021/8/212031/8/20
9751436542222021/8/212031/8/20
9847459808422021/2/142031/2/13
9951462687202021/8/142031/8/13
1004746355212021/2/142031/2/13
10147488221312021/2/142031/2/13
10247463708302021/10/282031/10/27
10347459399242021/2/142031/2/13
10451449670142021/8/142031/8/13
10572847947432024/1/212034/1/20
10672836510302024/1/212034/1/20
10772851494352024/3/282034/3/27
108 73046210 BLING CURRY 35 2024/1/28 2034/1/27
10973742385352024/3/142034/3/13
-12-20240182
/
11073735016322024/3/142034/3/13
11173723780292024/3/212034/3/20
11273736870302024/3/142034/3/13
11373730546432024/3/142034/3/13
airmeter.cn 2019/3/29 2027/3/29
128131303-1306704.211010011006-1010
1047.32
11131
20231231
-13-20240182
1.
1.201672
2.19931229
20181026
3.19981229
20191228
4.1984312
20201017
5.1982823
2019423
6.
1.[2017]43
2.[2017]30
3.[2018]36
4.[2018]35
5.[2017]33
6.[2018]37
7.[2017]35
8.[2018]38
9.[2017]37
10.[2017]39
11.[2019]35
12.[2023]14
13.[2017]46
-14-20240182
14.[2017]47
15.[2017]48
16.[2017]49
17.[2017]51
18.
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
6.
7.
8.
1.
2.
3.
4.
5.
6.
7.
8.
-15-20240182
1.
-16-20240182
n
V Fi Fn 1
i 1 1 r i r g 1 r n
V
Fi i
Fn+1
r
n
i i
g
1
2
WACC
WACC Rd (1 T )
D R E
D E e D E
Re
Rd
E
D
T
CAPM
Re=Rf (Rm Rf )
Re
Rf
(Rm Rf)
-17-20240182
202812312029
2.
3.
4.
1
1
2
3
4
-18-20240182
2
1
[2008]170
[2009]113
[2016]36
A.B.A.
100%
-19-20240182
K1 K2 K3 K4 K5
K1 K2
K3 K4 K5
B.
100%
3
4
1——
2——
1
3——
n
V Fi Ki (1 Ti )
i 1 (1 r)i
V
r
n
Fi i
Ki i
Ti i
-20-20240182
4——
1
5
6
1
234
567
89
10
-21-20240182
1
2
1.
2.
-22-20240182
3.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
28102.65
36936.398833.7431.43%17378.41
17378.4110724.23
19557.978833.7482.37%
-23-20240182
20231231
A B C=B-A D=C/A×100%
27537.6928675.101137.424.13
564.968261.287696.321362.27
0.001777.961777.96
97.31142.5745.2646.51
27.200.00-27.20-100.00
353.22353.22
15.965916.265900.3036967.89
28.2828.28
42.9942.99
28102.6536936.398833.7431.43
17208.2817208.28
170.13170.13
17378.4117378.41
10724.2319557.978833.7482.37
21800.00
11075.77103.28%
9305.3874.48%
19557.97
21800.002242.03
-24-20240182
21800.00
2023123120241231
1.2021
202120227672
202237
-25-20240182
2022
202220231606
2023410
2023
202320243883
2024425
2.
20210101-20211231 [2022] ZA10187
2022210
20220101-20221231 [2023] ZA10366
2023224
20230101-20231231 [2024] ZA50226
2024313
1272000.00272000.00
-
-26-20240182
20240531



