2006

QFII

20%20%15%8500TEU

-

858527.3%37% IPO

4.7%11% HIPO

IPO -

3382.HK

2880.HK

EV/EBITDAROE

06180TEU65%07220TEU20081/3

31.39%060710%2250610%

600717-

51%8.16%

QFII QFII7QFII

600018-

7.6%11.7%

GDP

-

-

Chart4

2000200020001808729261305.686507

2872233634412372101351171393.946379

3375237566483562535654731612.57023

3988846397615923103882601795.348238

52265641997970328414102512079.029115

1

119901440517288001770576054809950107

1996919963.419960.89220061062.64.0319971.619971.5719971.5`9962.17519970.99

19976.319977.9519974.17519981.6919981.5719981.819971.319980.68

19983.2251998519980.5919991.2719991.1819991.2319980.9119990.53

19996.4519996.419991.15200012221.2320001433.851.242000747.50.9619990.732000895.320.46

20002139.236.0520002049.855.6520001381.960.86200112221.7120011433.851.922001747.51.772000493.010.712001895.320.87

20012142.484.02520012053.47520011394.390.59200212222.320021433.8532002747.51.552001493.011.352002895.320.79

20022147.016.420022056.195.4520021394.390.47200312224.12520031433.855.452003747.52.7752002493.011.692003895.321.29

20032148.5210.3520032137.710.2520031394.390.84200412223.42520041433.855.352004747.52.952003493.012.9752004895.320.99

20042177.4516.120042141.7914.6520041412.741.38200512224.37520051433.854.82005747.52.552004493.014.0252005895.321.08

20052195.114.220052194.1416.8520051418.241.19200612224.7520061433.854.622006747.753.722005493.013.752006895.321.2

20062217.4416.920062285.8824.4520061428.741.682006493.015.75

Sheet3

19962006

19932005

2000

199720041

199620045

19892006

20032006

19982006

2000

1997058

Sheet2

20002001200220032004

28722337523988852265

33634375664639764199

41237483566159279703

1808721013253563103828414

292651175473826010251

13061394161317952079

65076379702382389115

Sheet2

Sheet1

EPSROEEPSROEEPSROE

0.640.300.090.610.220.070.600.200.07

600269530.5110.42630.153.09

600020670.4913.85650.5313.23710.143.48

000900750.446.64720.192.74

600012530.167.27500.177.38530.249.76

000429660.186.37660.268.60700.082.80

600033670.3810.11670.3710.65650.4012.53

600368710.198.45670.3012.65670.2610.45

600003560.135.0250-0.10-4.12610.145.27

600035640.189.90490.125.50320.104.27

Sheet1

EPSROEEPSROEEPSROE

600269200653.220.5110.4262.530.1543.09

600020200567.290.49313.8564.850.527713.2370.730.1443.48

000900200675.060.446.6471.810.1872.74

600012200352.950.167.2749.660.1717.3852.570.2449.76

000429200565.520.18276.3765.820.268.669.760.082.8

600106200333.920.23097.4456.780.25597.6231.790.20986.05

000916200650.720.227.7554.650.04351.5

000776200440.53-0.187-20.8533.970.1513.3540.70.087.02

600033200367.180.379810.1167.420.37310.6564.950.400412.53

600548200673.510.227.7476.390.0592.01

600368200171.290.198.4566.590.312.6567.110.2610.45

600003200455.840.13455.0249.95-0.1034-4.1260.90.145.27

600035200464.410.189.948.970.12425.531.990.14.27

000548200426.380.26.0530.450.13.0536.23-0.81-31.6

20062005200420032002200120001999199819971996

1199 HK EQUITY2217.442.192195.101.832177.452.072148.521.332147.010.82

144 HK EQUITY

517 HK EQUITY

2880 HK EQUITY

177 HK EQUITY

576 HK EQUITY

548 HK EQUITY

995 HK EQUITY

107 HK EQUITY

7-10

-

-

-

Chart2

0.6364

0.2966666667

0.0867

0.6084444444

0.2215

0.0663555556

0.5971571429

0.1954857143

0.0693714286

1

119901440517288001770576054809950107

1996919963.419960.89220061062.64.0319971.619971.5719971.5`9962.17519970.99

19976.319977.9519974.17519981.6919981.5719981.819971.319980.68

19983.2251998519980.5919991.2719991.1819991.2319980.9119990.53

19996.4519996.419991.15200012221.2320001433.851.242000747.50.9619990.732000895.320.46

20002139.236.0520002049.855.6520001381.960.86200112221.7120011433.851.922001747.51.772000493.010.712001895.320.87

20012142.484.02520012053.47520011394.390.59200212222.320021433.8532002747.51.552001493.011.352002895.320.79

20022147.016.420022056.195.4520021394.390.47200312224.12520031433.855.452003747.52.7752002493.011.692003895.321.29

20032148.5210.3520032137.710.2520031394.390.84200412223.42520041433.855.352004747.52.952003493.012.9752004895.320.99

20042177.4516.120042141.7914.6520041412.741.38200512224.37520051433.854.82005747.52.552004493.014.0252005895.321.08

20052195.114.220052194.1416.8520051418.241.19200612224.7520061433.854.622006747.753.722005493.013.752006895.321.2

20062217.4416.920062285.8824.4520061428.741.682006493.015.75

Sheet2

20002001200220032004

28722337523988852265

33634375664639764199

41237483566159279703

1808721013253563103828414

292651175473826010251

1305.681393.941612.51795.342079.02

65076379702382389115

Sheet2

0000000

0000000

0000000

0000000

0000000

Sheet1

EPSROEEPSROEEPSROE

0.640.300.090.610.220.070.600.200.07

600269530.5110.42630.153.09

600020670.4913.85650.5313.23710.143.48

000900750.446.64720.192.74

600012G 530.167.27500.177.38530.249.76

000429G 660.186.37660.268.60700.082.80

600033670.3810.11670.3710.65650.4012.53

600368710.198.45670.3012.65670.2610.45

600003560.135.0250-0.10-4.12610.145.27

600035640.189.90490.125.50320.104.27

Sheet1

0

0

0

0

0

0

0

0

0

EPSROEEPSROEEPSROE

600269200653.220.5110.4262.530.1543.09

600020200567.290.49313.8564.850.527713.2370.730.1443.48

000900200675.060.446.6471.810.1872.74

600012G 200352.950.167.2749.660.1717.3852.570.2449.76

000429G 200565.520.18276.3765.820.268.669.760.082.8

600106G 200333.920.23097.4456.780.25597.6231.790.20986.05

000916G 200650.720.227.7554.650.04351.5

000776200440.53-0.187-20.8533.970.1513.3540.70.087.02

600033200367.180.379810.1167.420.37310.6564.950.400412.53

600548G 200673.510.227.7476.390.0592.01

600368200171.290.198.4566.590.312.6567.110.2610.45

600003200455.840.13455.0249.95-0.1034-4.1260.90.145.27

600035200464.410.189.948.970.12425.531.990.14.27

000548200426.380.26.0530.450.13.0536.23-0.81-31.6

20062005200420032002200120001999199819971996

1199 HK EQUITY2217.442.192195.101.832177.452.072148.521.332147.010.82

144 HK EQUITY

517 HK EQUITY

2880 HK EQUITY

177 HK EQUITY

576 HK EQUITY

548 HK EQUITY

995 HK EQUITY

107 HK EQUITY

2008

083

0610% 600033

!