中银国际海南航空600221业绩符合预期.pdfVIP

— 2009 8 31 2009 61.2 3.44%51.47 5.51% A 600221.SS – 5.06 : 5.34(6.68) 1.81 0.05 42.05% 0.003 96.3% * (8610) 6622 9073 pan.li@ 7 700 6.5 600 6 500 5.5 5 4.5 400 300 4 3.5 200 3 100 2.5 2 0 09 2.19 53.4 8 8 8 8 8 9 9 9 9 9 9 9 9 0 0 0 0 0 0 0 0 0 0 0 0 0 / / / / / / / / / / / / / 8 9 0 1 2 1 2 3 4 5 6 7 8 0 0 1 1 1 0 0 0 0 0 0 0 0 / / / / / / / / / / / / / 8 8 8 8 8 8 8 8 8 8 8 8 8 2 2 2 2 2 2 2 2 2 2 2 2 2 09 2.3 6.68 5.34 1 3 12 (%) 62 (19) (4) 34 12 31 2007 2008 2009E 2010E 2011E A50 (%) 5 2 (14) 19 ( ) 13,525 13,552 15,256 20,697 26,782 (%) 6 0 13 36 29