2010 12 15   
2011  
     010-84588203 
   1015%  lcb@citics.com 
     S1010206090106 
 3 5 1015%  010-84588704 
     xuyb@citics.com 
    10 CAGR 24% 2011   S1010209070189 
   1015%15% 
                                                       010-84588822 
   2010 2012   1012%  gs@citics.com 
   15% 
                                                            300   H      
                                                        30 
                                                        20 
                                                        10 
                                                         0 
                                                        -10 
                                                        -20 
     -30 
                                                        -40 
   IPO                                                   091203 100209 100423 100705 100908 101124 
                                                       1.  2010  11  
  2011                                                   ……. 
                                                          ............................................... 2010-11-11 
                                                       2. 2010  10  
                                                         ……..…………………...2010-10-15 
                                                       3.  
                       EPS             PE 
            09          10E  11E  12E 09  10E 11E 12E PB  ................................2010-10-11 
 000800.SZ    18.32 1.00 1.35 1.69 2.08  18  14  11  9  3.3  4. 2010  
 600104.SH    16.60 0.77 1.58 1.99 2.48  21  11  8  7  2.6  ......... 2010-06-30 
 600742.SH    33.47 1.68 2.70 3.31 4.05  20  12  10  8  3.2  
                                                       5.   
 600741.SH    11.54 0.59 1.01 1.20 1.43  19  11  10  8  2.2  
 600660.SH    11.40 0.56 0.89 1.05 1.18  20  13  11  10  3.9  .................... 2010-03-04 
 000550.SZ    28.10 1.22 1.99 2.68 3.22  23  14  10  9  3.8  
 000581.SZ    37.85 0.79 1.75 2.01 2.53  48  22  19  15  5.7  
  2010 12 3   
2011  
...................................................................................................................................... 1 
     ——15 ......................................................................................... 1 
     —— .................................................................................................. 1 
     ——.................................................................................................. 1 
   .......................................................................................................... 2 
...................................................................................................................... 2 
        5000 ................................................................................................ 2 
   ......................................................................

汽车行业2011年投资策略—悲观难掩价值，热点蕴藏机会.pdf