1、2021?2022? CIH2021.1122021? ? ? ?3 378?2015?2021?10?2016?10?59? ?2021?1-10?2.49%? ?0.38?10?16189?/?0.09%? ?0.05?3.08%? ?10?31? ?2021?1-10?3.45%? ?1.06?10?16026?/?0.04%?4.04%? ?10?16?59? CREIS18.72%7.15%5.09%3.34%3.46%16.80%6.33%4.54%2.69%2.87%2.49%2016?2017?2018?2019?2020?2021?1-10?4 4?CREIS?2021?1-
2、10?20?1929? 10?20?10%? 11?11.1-11.14? 2017-2021?10?20?20?4?16?12?10?2016?-2021?1-10?20?CREIS-20%0%20%40%60%040080012001600200024002016:1-102017:1-102018:1-102019:1-102020:1-102021:1-10?010002000300040001?2?3?4?5?6?7?8?9?10?11?12?201720182019202020215 5?10?2016? ?1-10?14.3?7.3%?2019?7.3%?10?21.7%?201
3、6?1-10?14.7?11.8%?2019?18.3%?10?22.6%?4? 50?1-10?50?3392?12.9%?2019?9.9%?10?50?2528?11?11.1-11.14?CREIS?2018-2021?10?50?2016?-2021?1-10?50?4146 3076 3023 3086 3006 3392 -40%0%40%80%0100020003000400050002016:1-102017:1-102018:1-102019:1-102020:1-102021:1-10?(?)?(?)0100020003000400050001 1?2 2?3 3?4 4
4、?5 5?6 6?7 7?8 8?9 9?1010?1111?1212?2018201920202018-2020?20216 6?10?2.7%?CREIS2021?1-10?2944?/?14.7% ?5909?/?27.8%?2021?10?2893?/?29.1% ?6567?/?62.2%?2021?1-10?18.5? ?-10.7%?14.8?-19.6%?8.7?-13.6%?6.4?-27.5%?2021?10?1.8?-25.6%?1.1?-49.5%?0.8?-29.8%?0.4?-60.2%?2018?10?300?2018?10?300?-80-60-40-20020
5、40600500010000150002000025000?65672.74%0510152025300100020003000400050006000700080009000?/?7 722?21?CREIS ?/?11?5?0?0?11?5?21?431?72.2%(?46.7%?88?195?32.2%?6.3%?21?17?11?10?6/1011 142 167%19358 -30%142 167% 24280 -32% 25.4 -3.9%344 81%1-51%-?6/1875 1294 52%3031 -8%780 35%3289 1%0.4 -3.0%256 36%0-2%1
6、816%8-5%?8/223 222 30%11431 -15%220 29%11944 -21%4.1 -8.3%262 2%9-55%14%-?9/819 184 17%7396 -2%81 -44%9305 0%12.8 -5.6%75 -44%90%22%417%?9/1070 572 95%4770 18%503 72%4806 16%0.5 -1.6%242 100%44%-710%?9/1060 468 -9%4053 -4%310 -35%4014 -16%0.0 -12.2%124 -46%0-5%-1728%?9/1261 606 -16%8803 12%415 -23%7
7、948 -14%0.7 -10.0%330 -34%3-2%23%199%?9/1775 759 62%8026 14%490 4%9105 20%2.2 -5.2%446 26%9-68%68%1723%?9/1744 734 66%5079 4%259 -29%5364 -1%0.8 -9.4%139 -30%0-44%37%2238%?9/1822 267 -36%11673 24%229 -45%11997 19%1.3 -6.0%275 -35%1-45%15%29%?9/2442 447 -36%7060 11%263 -62%6187 -32%0.0 -43.0%163 -74%
8、0-512%921%?9/2653 512 -30%12145 3%356 -50%14229 3%6.0 -12.2%507 -49%11-48%12%1119%?9/2748 879 -5%12791 32%357 -55%15931 41%0.8 -10.9%569 -37%1-13%2540%-?9/2822 281 209%15002 29%263 189% 17241 13%12.1 -18.9%453 227%1727%15%-?9/2917 298 1%7552 18%226 -20%8488 8%4.7 -14.6%192 -13%1-61%-524%?10/1148 508
9、 -14%12443 -11%408 -30%13184 -9%3.4 -1.6%538 -37%6-23%-713%?10/1243 805 -23%7103 1%519 -46%6309 -23%0.3 -17.0%327 -58%12%37%813%?10/1243 496 44%27828 -10%162 -53%31623 -2%4.1 -2.3%513 -54%4-24%-2660%?10/1331 463 -39%13632 10%170 -77%15031 -3%4.6 -21.4%256 -78%0-72%0-2%1755%?10/1927 602 -25%4114 -7%1
10、75 -77%4320 -11%0.0 -7.7%75 -80%0-26%2-1%1659%?11/446 447 48%8535 -10%261 -14%6715 -43%0.3 -24.8%175 -51%0-66%1839%-?11/1915 175 -76%6531 28%-82022?9 9?11-12?CREIS?2021:1-1014.37.3%14.711.8%2020?17.62.6%17.48.7%2019?17.2-0.1%16.06.5%? ? ? ?+?-60%-40%-20%0%20%40%60%80%12:1-912:1-1213:1-413:1-713:1-10
11、14:1-214:1-514:1-814:1-1115:1-315:1-615:1-915:1-1216:1-416:1-716:1-1017:1-217:1-517:1-817:1-1118:1-318:1-618:1-918:1-1219:1-419:1-719:1-1020:1-220:1-520:1-820:1-1121:1-321:1-621:1-9?1010?CREIS? ? ? ? ? ? ? ? ? ? ? ?3? ? ?2%?1%? ? ? ? ? ? ? ? ? ? ?1111? 2021?10?M2?8.7%?0.4?M1?2.8%? ?2021?10?8262?1364
12、?4221?162?5? 2021?11?10?10?37.7?3481?9?1013?CREIS?10?4221?162?9?2019?-?0100020003000400050006000700080009000100001?2?3?4?5?6?7?8?9?10?11?12?2019202020219.5%13%0510152025303540%?2017?1212? ? ?CREIS? ?50%?20%?50%?30%? ?/?NO.2021G119?4.14.422.125.332000?-20% 12-15%NO.2021G81?11.022.025.2?50% 15-20%? ?2
13、021-WG-64?7.17.625.528.830%13.7%2021-WG-43?12.725.328.150%10.4%? ?A407-1020?2.68.917.820.550%?9990?20.4?18290?11?11?1313?2019?59.1%?96.0%?58.4%?31.0%?10.5%? ? ? ? ? ?14142022?CREIS?(?/?)?(%)2022E?10000?2021:1-10102904.2%202098605.9%201993106.6%?(?)?(%)2022E16.5?5%2021:1-1014.37.3%202017.62.6%201917.
14、2-0.1%?(?)?(%)2022E?15.5?2021:1-1012.57.2%202014.17.0%201913.29.9%?(?)?(%)2022E19?5%?2021:1-1016.7-7.7%202022.4-1.2%201922.78.5%?(?)?(%)2022E17?2021:1-1014.711.8%202017.48.7%201916.06.5%151516.7 17.9 20.9 22.7 22.4 16.7 15.7 16.9 17.2 17.2 17.6 14.3 0510152025201620172018201920202021:1-10?CREIS?2010
15、?M1?M2?2016?1.01.03.75.54.82.4?2022?2022?2022?2.8%8.7%0%5%10%15%20%25%30%35%40%-40%-20%0%20%40%60%80%100%120%?M1?M2?1616?CREIS?2013?300?2013?2021?20%?2022?2022?-30%-15%0%15%30%45%60%-10%-5%0%5%10%15%20%13-0713-1114-0314-0714-1115-0315-0715-1116-0316-0716-1117-0317-0717-1118-0318-0718-1119-0319-0719-
16、1120-0320-0720-1121-0321-07?300?5.0%4.7%5.0%4.5%2.9%2.8%2.9%3.0%2.9%32.6%33.3%33.9%34.7%32.7%32.6%31.9%31.2%31.2%62.4%62.0%61.1%60.8%64.3%64.6%65.2%65.9%65.9%2013?2014?2015?2016?2017?2018?2019?2020?2021:1-9?1717?2021?CREIS?2014?2018?56.0%56.9%57.9%59.0%35.5%36.7%36.9%36.7%2018201920202021:1-9?8.8%1.1%13.9%-40%-20%0%20%40%60%80%?2014?-7.7%-31.5%16.3%-60%-40%-20%0%20%40%60%80%?18?2022?5%?APP?SaaS? ? ? ? CIHThanks
