1、 Table_MainInfo / /豸 300068 2020 07 24 Table_InvestInfo Table_StockInfo 07 23 14.25 52 10.06-14.80 / A 860/824 / 12251/11748 Table_ReportInfo 2019.10.25 Table_QuoteInfo - 9 .9 8 % - 1 .9 8 % 6 .0 2 % 1 4 .0 2 % 2 2 .0 2 % 2 0 1 9 /7 2 0 1 9 /1 0 2 0 2 0 /1 2 0 2 0 /4 300 1M 2M 3M % 35.3 30.7 33.7 %

2、21.0 7.5 10.6 Table_AuthorInfo : Tel:(021)23219402 Email: :S0850516060003 : Tel:(021)23219171 Email: :S0850513090008 : Tel:(021)23154148 Email: :S0850517080006 : Tel:(021)23154513 Email: :S0850519090004 绯 Table_Summary 5G 5G 磬 2019 5.5GWh 2020 5G 80 10GWh 2022 45GWh 2020 1.58 2.93 5 2 5G 2000MWh 5G

3、2000MWh 綯 2018 綯 綯绯 磬 2019 5.45GWh 2020 8.45GWh 55% 2019 -6871 2018 4153 2020 綯 2019 1-11 42% 2020 1.1-6.19 1.26 / 2019 2000 / 1900 / 2019 132 / 2 2020 CNESA 飬 2019 绯 9520.5 1709.6MW 44% 59% 2019 3.12 26% 25.51% 3 2020-2022 5.68 7.14 9.03 EPS 0.66 0.83 1.05 2020 25-30 PE 16.50-19.80 衰 Table_FinanceI

4、nfo 2018 2019 2020E 2021E 2022E ( ) 8063 9008 10503 13123 16553 (+/-)YoY(%) -6.6% 11.7% 16.6% 25.0% 26.1% ( ) 242 369 568 714 903 (+/-)YoY(%) -36.5% 52.4% 54.1% 25.7% 26.4% EPS( ) 0.28 0.43 0.66 0.83 1.05 (%) 14.1% 13.5% 14.0% 14.4% 14.4% (%) 3.9% 5.7% 8.1% 9.2% 10.4% 2018-2019 300068 2 1. 5G . 5 1.

5、1 5G . 5 1.2 . 6 2. 綯 . 7 2.1 綯 淶 . 7 2.2 綯绯 . 8 2.3 . 9 3. . 10 3.1 . 10 3.2 2020 . 12 4. . 14 4.1 . 14 4.2 . 17 5. . 18 6. . 19 . 20 qRsNpPtMqPnPyQoRtPoRpM8OcMaQtRoOsQmMlOnNpQjMnPpQ9PmMxOvPsOpPuOmNvM 300068 3 1 / . 5 2 仯 . 7 3 仯 . 7 4 綯 . 8 5 綯糵仯 . 9 6 綯 . 9 7 . 9 8 . 10 9 . 10 10 . 11 11 . 11 12

6、kVAh . 11 13 仯 / . 12 14 / . 13 15 / . 13 16 2019 . 14 17 2019 . 14 18 绯 MW . 15 19 绯 MW . 15 20 . 18 300068 4 1 5G . 6 2 2018 5 . 6 3 2017-2019 . 6 4 2020 . 6 5 綯 . 8 6 綯 . 10 7 . 12 8 / . 13 9 . 15 10 . 16 11 . 17 12 . 18 13 . 19 300068 5 1. 5G 1.1 5G 3 4 飬 5G 硢 5G 豸 2019 2019 174 841 4G 544 5G 罨

7、5G 1 / 351 466 559 619 667 841 110 115 93 60 48 174 0 100 200 300 400 500 600 700 800 900 2014 2015 2016 2017 2018 2019 绰 绰 2019 5G 5G 5G 2019 2020 5G 5G 60-80 5G 2020 5G 80 4G 780-930W 5G 2700W 4G 2.9-3.5 4h 10.8kWh 2019 5G 13 5G 1.4GWh 2020 80 5G 8.6GWh 2019 5.5GWh 5G 2020 2020 10GWh 2022 45GW 201

8、9-2022 80% 300068 6 1 5G 2019 2020E 5G 13 80 5G GWh 1.4 8.6 2019 2020E 2022E GWh 5.5 10 45 磬 2018 7.4GWh 2019 64.1% 12.1GWh 2025 60GWh 2018-2025 35% 1.2 2019 25 90 2G 4G 150 豸 5G 裬 2 2018 5 1 2 3 4 5 躹 磬 2018 2 2017-2019 3 2017-2019 2017.11 2018 8.7 2018.2 豸 2800 2018.3 1000 2019.4 850 2019.4 600 磬

9、2020 5G 磬 2020 4 29 2020 6.102 Ah 3.2V 1.9GWh 8 11.59% 5 4 2020 躹 18.85% 15.94% 14.49% 13.04% 11.59% 10.14% 8.70% 7.25% 磬 300068 7 2020 1.58 2019 2019 5.42 2019 29% 2020 2020 28% 0.56GWh 3.31 2.93 2019 54% 2019 8.31 65% 2019 25.04 22% 5G 2 仯 29 9. 47 4 7 9 . 7 1 50 3. 86 57 0. 93 8 3 1 . 2 1 54 2. 1

10、5 0 100 200 300 400 500 600 700 800 900 2015 2016 2017 2018 2019 2015-2019 3 仯 23 22 . 72 267 8. 02 2 9 5 5 . 8 9 25 86 . 61 250 4. 20 54 2. 15 0 500 1000 1500 2000 2500 3000 3500 2015 2016 2017 2018 2019 2015-2019 2020 7 15 A 14.16 2000MWh 5G 2000MWh İ 5G 5G 2. 綯 2.1 綯淶 2018 5 17 淶 2019 4 15 綯 1999

11、 綯涨綯塢 SMM 綯 20 25 240W 400W 40 55 綯 300068 8 5 綯 25km/h 20km/h 55kg 40kg 48V 48V 綯 400W 240W 60V SMM / 1999 綯 GB17761-1999涨綯峵 綯綯 綯档 2.2 綯绯 2019 綯 2707.70 4 綯 20 28 . 40 25 28 . 70 29 04 . 50 30 03 . 10 32 15 . 00 311 3. 10 25 89 . 92 2707 . 70 0 500 1000 1500 2000 2500 3000 3500 2012 2013 2014 2015

12、2016 2017 2018 2019 WIND 綯 2 3 绯綯 1 綯 绯 2 5 2-3 3綯 300068 9 4絥 2019 綯飬綯糵 2013 6.7% 2018 11.4% 2019 糵 20% 13% 2019 30% 5 綯糵仯 93 . 3% 91 . 8% 9 1 . 6 % 91 . 3% 90 . 3% 8 8 . 6 % 86 . 8% 6. 7% 8. 2% 8. 4% 8. 7% 9. 7% 11 . 4% 13 . 2% 0% 2% 4% 6% 8% 10% 12% 14% 82% 84% 86% 88% 90% 92% 94% 2013 2014 2015

13、2016 2017 2018 2019E ( 糵 2019 綯 綯 2019 5.45GWh 61.5% 2020 8.45GWh 55% 2019 8.34GWh 40.3% 2020 11.30GWh 34.7% 6 綯 879 1158 1801 3374 5450 8448 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 1995 1996 1997 1998 1999 2000 MWh % 7 2544 3101 3881 5979 8386 1129

14、6 0% 10% 20% 30% 40% 50% 60% 0 2000 4000 6000 8000 10000 12000 1995 1996 1997 1998 1999 2000 MWh % 2.3 2019 綯 綯 2019 26.59 22.94% 12.64% 0.34 2019 300068 10 2249.76 9.27% 8 160 9. 73 152 4. 81 20 32 . 18 21 63 . 04 2 6 5 9 . 2 9 1 2 . 9 1 % 20. 42% 17. 26% 12. 98% 1 2 . 6 4 % 0% 5% 10% 15% 20% 25% 0

15、 500 1000 1500 2000 2500 3000 2015 2016 2017 2018 2019 % 2015-2019 9 24 64 . 62 159 4. 39 2 0 7 0 . 3 2 2 0 5 8 . 9 2 224 9. 76 0 500 1000 1500 2000 2500 3000 2015 2016 2017 2018 2019 2015-2019 綯 51% 2013 4168 2018 -1.1 綯 2019 綯 棬 6 綯 2013 2014 2015 2016 2017 2018 2019 51% 7761.77 4499.74 5262.57 27

16、5.59 423.64 -7505.4 -3038.07 51% 410.61 -1932.91 -4760.16 -7770.32 -5377.48 -14109.56 -10434.28 4167.91 1309.08 256.23 -3822.31 -2526.46 -11023.63 -6870.90 2013-2019 WIND 綯 2019 2019 -6871 2018 4153 2020 綯 3. 3.1 2019 579.70 13% 2013-2018 13 27% 18 44% 2019 1-11 42% 300068 11 10 432 473 465 448 422

17、386 467 472 511 520 580 168 136 143 136 119 120 119 166 205 225 219 32% 30% 29% 27% 28% 31% 36% 43% 44% 42% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 100 200 300 400 500 600 700 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1 - 11 2019 2020 1 - 4 % WIND 2019 61% 100% 65% 30% 40% 11 56% 62% 61%

18、 33% 46% 43% 100% 100% 100% 68% 69% 67% 45% 53% 46% 63% 67% 65% 52% 48% 57% 0% 20% 40% 60% 80% 100% 120% 2017 2018 2019 WIND 2019 20249 kVAh 2013 18000-22000 kVAh 12 kVAh 8604 11930 14417 14230 17486 20503 22070 20999 20513 19923 18123 20249 6075 0 5000 10000 15000 20000 25000 2008 2009 2010 2011 20

19、12 2013 2014 2015 2016 2017 2018 2019 2020 1 - 4 WIND 300068 12 2011-2016 16000-17000 / 12000-13000 / 2016-2017 2017-2018 20000 / 2019 2020 鱬 2020 3 13000 / 6 14200-14700 / 13 仯 / 0 5000 10000 15000 20000 25000 J an - 10 J an - 11 J an - 12 J an - 13 J an - 14 J an - 15 J an - 16 J an - 17 J an - 18

20、 J an - 19 J an - 20 WIND 14000-16000 / 3.2 2020 2014 ABS 2019 33.19 屨 51.13 14.12% 2.93 5.58 1.79% 2019 1.54 / 1681 / 7 2015 2016 2017 2018 2019 192340.71 329777.36 418879.80 448035.14 511278.39 12.14 25.5 25.37 26.25 33.19 3.95% 9.10% 10.55% 12.04% 7.72% 10554.69 13086.04 16634.40 20215.12 18617.6

21、9 11484.02 37880.80 50796.67 54818.99 55801.29 / 15843.55 12932.45 16510.83 17068.01 15404.59 / 15217.93 11754.97 14769.13 15013.76 14215.24 / 625.62 1177.48 1741.71 2054.25 1189.36 / 869.41 513.18 655.67 770.10 560.94 5.49% 3.97% 3.97% 4.51% 3.64% / 945.97 1485.52 2002.23 2088.34 1681.27 2015-2019

22、300068 13 2015 78 2015 7 1 30% 2019 1.86 561 / WIND 2020 6 19 7450 / /仯 14 / 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 17 - 03 - 29 17 - 09 - 29 18 - 03 - 29 18 - 09 - 29 19 - 03 - 29 19 - 09 - 29 20 - 03 - 29 pb 98 . 5 pb 98 .5 WIND 15 / 7000 7500 8000 8500 9000 9500 10000 10500 1

23、1000 J a n - 17 J u l - 17 J an - 18 J ul - 18 J a n - 19 J u l - 19 J a n - 20 WIND WIND 2019 1.46 / 0.86 / 10% 70% 1700 1400 / 300 / 2018-2019 仯 2019 213 / 2018-2019 3 400 / 2018 2088 / 2019 1681 / 8 / 2018 2019 2020 1.1-6.19 16297.76 14594.09 12583.56 9623.96 8641.39 7287.95 70% 70% 70% 13748.51

24、12344.85 10411.35 仯 -1703.67 -2010.53 仯 -1403.66 -1933.50 16% 13% 13% 仯 -213.12 -78.41 15% 15% 15% 仯 -436.16 -132.13 WIND 2020 6 19 1.26 / 2019 2000 / 0.73 / 70% 1900 / 2019 132 / 300068 14 2019 仯 2020 2019 2019 2 120 2020 4. 4.1 崢 CNESA 2020 2019 184.6GW 1.9% 171.0GW 0.2%绯 9520.5MW绯 8453.9MW 16 201

25、9 9 2 . 6 % 1 . 7 % 0 . 2 % 0 . 2 % 8 8 . 8 % 5 . 4 % 4 . 5 % 0 . 9 % 0 . 1 % 0 . 3 % 绯 5 . 2 % CNESA 2019 32.4GW 17.6% 3.6% 30.3GW 1.0%绯 1709.6MW 59.4%绯 1378.3MW 17 2019 9 3 . 4 % 2 . 3 % 0 . 0 4 % 8 0 . 6 % 1 7 . 8 % 1 . 2 % 0 . 4 % 0. 1% 绯 5 . 3 % CNESA 300068 15 绯 CNESA 2020 2019 绯 9520.5MW 2018

26、 43.7%绯 1709.6MW 2018 59.4% 18 绯 MW 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 2016 2017 2018 2019 CNESA 2020 19 绯 MW 0 200 400 600 800 1000 1200 1400 1600 1800 2016 2017 2018 2019 CNESA 2020 绯 9 縺糧縺磬縺洢 + 仯缰豸İ 绯 硢Z 洢 浽豸硣 豸 豸 磬 为Z 磬磬 帺磬帺 ( ) 淶 漰档 300068 16 10 RPS 2015 RPS / REC 磬 REC 0.7 5.

27、0 2015 豸 棬 5-7 75% 30% 2018 3 洢 100% 豸 30% 2018 1 841 棬 29 糧 2011 4 2017 259 1.843 绯 棬 2016 3,000 50% 10 2018 ( ) 硢磬 硢 300068 17 11 2018 9 淶 1 / 100 2019 8 2020 3 2020 硢 壩 +裬漰Z 5% 1 Z 2020 3 28 388.6MW/777.2MWh Z 20% 2020 3 索繦 1 2 0.55 2020 4 2020 硢 Z 4.2 2019 2011 2015 乤 50 顣 2016 160MWh Upside , 2

28、019 潱 1000MWh 崢 2017 2018 绯 BNEF 2017 2019 索 洢 索 LS 磨 Upside 75MW 45MW 档 2019 潱 300068 18 20 1 7 7 . 8 2 1 6 9 . 6 9 1 8 5 . 9 7 2 4 7 . 3 6 3 1 1 . 8 6 2 1 . 1 3 % 2 4 . 6 8 % 1 8 . 4 4 % 2 3 . 8 6 % 2 5 . 5 1 % 0 . 0 0 % 5 . 0 0 % 1 0 . 0 0 % 1 5 . 0 0 % 2 0 . 0 0 % 2 5 . 0 0 % 3 0 . 0 0 % 0 50 10

29、0 150 200 250 300 350 2015 2016 2017 2018 2019 % 2015-2019 2019 3.12 26% 25.51% 3 5. 2020-2022 5.68 7.14 9.03 EPS 0.66 0.83 1.05 2020 25-30 PE 16.50-19.80 衰 12 Last price EPS PE x 7 23 7 23 2019 2020E 2021E 2019 2020E 2021E 601311.SH 7.57 84.91 0.53 0.57 0.66 14.27 13.29 11.54 300014.SZ 59.14 1,088.

30、43 0.83 1.10 1.43 71.51 53.71 41.46 600482.SH 20.84 450.29 0.46 0.46 0.53 45.43 45.12 39.01 002364.SZ 14.60 82.28 0.14 0.30 0.41 107.26 48.20 35.33 59.62 40.08 31.84 300068.SZ 14.25 122.51 0.43 0.66 0.83 33.23 21.57 17.16 WIND WIND 300068 19 13 2015 2016 2017 2018 2019 2020E 2021E 2022E 2322.72 2678

31、.02 2955.89 2586.61 2504.20 3063.95 3663.95 4263.95 1843.93 2044.62 2449.14 2178.48 1992.29 2451.16 2894.52 3368.52 15.30% 10.38% -12.49% -3.19% 22.35% 19.58% 16.38% 20.61% 23.65% 17.14% 15.78% 20.44% 20.00% 21.00% 21.00% 1609.73 1524.81 2032.18 2163.04 2659.29 3058.18 3532.20 4097.35 1401.89 1213.3

32、9 1681.34 1882.28 2323.19 2630.04 3020.03 3482.75 -5.28% 33.27% 6.44% 22.94% 15.00% 15.50% 16.00% 12.91% 20.42% 17.26% 12.98% 12.64% 14.00% 14.50% 15.00% 950.94 2682.42 3377.71 2956.05 3421.93 3864.00 5208.00 7168.00 913.39 2438.19 3021.40 2600.27 3157.73 3566.77 4783.64 6553.60 182.08% 25.92% -12.4

33、8% 15.76% 12.92% 34.78% 37.63% 3.95% 9.10% 10.55% 12.04% 7.72% 7.69% 8.15% 8.57% 177.82 169.69 185.97 247.36 311.86 405.41 608.12 912.18 140.25 127.81 151.68 188.34 232.30 304.06 456.09 684.13 -4.57% 9.59% 33.01% 26.08% 30.00% 50.00% 50.00% 21.13% 24.68% 18.44% 23.86% 25.51% 25.00% 25.00% 25.00% 91.

34、92 86.48 85.06 110.07 111.16 111.16 111.16 111.16 75.87 58.34 60.22 73.20 82.77 83.37 83.37 83.37 -5.92% -1.64% 29.40% 0.99% 0.00% 0.00% 0.00% 17.47% 32.54% 29.20% 33.50% 25.55% 25.00% 25.00% 25.00% 5153.13 7141.42 8636.81 8063.13 9008.44 10502.71 13123.43 16552.64 4375.33 5882.35 7363.78 6922.57 77

35、88.28 9035.40 11237.66 14172.38 38.58% 20.94% -6.64% 11.72% 16.59% 24.95% 26.13% 15.09% 17.63% 14.74% 14.15% 13.54% 13.97% 14.37% 14.38% 2015-2019 6. 1 2 3 300068 20 Table_ForecastInfo 2019 2020E 2021E 2022E 2019 2020E 2021E 2022E 9008 10503 13123 16553 0.43 0.66 0.83 1.05 7788 9035 11238 14172 7.53

36、 8.18 9.01 10.06 % 13.5% 14.0% 14.4% 14.4% 0.33 0.14 -0.20 -0.25 249 289 360 452 0.00 0.00 0.00 0.00 % 2.8% 2.8% 2.7% 2.7% 476 551 682 852 P/E 33.23 21.57 17.16 13.57 % 5.3% 5.3% 5.2% 5.2% P/B 1.89 1.74 1.58 1.42 231 273 341 430 P/S 1.38 1.17 0.93 0.74 % 2.6% 2.6% 2.6% 2.6% EV/EBITDA 35.79 75.59 57.

37、53 50.01 EBIT 13 60 148 215 % 0.0% 0.0% 0.0% 0.0% 199 216 275 342 % % 2.2% 2.1% 2.1% 2.1% 13.5% 14.0% 14.4% 14.4% -24 0 0 0 4.1% 5.4% 5.4% 5.5% 39 210 131 132 5.7% 8.1% 9.2% 10.4% 249 528 662 835 2.8% 3.9% 4.1% 4.5% -9 -8 -7 -7 0.1% 0.5% 1.1% 1.4% 241 521 654 827 % EBITDA 361 220 308 375 11.7% 16.6%

38、 25.0% 26.1% -18 4 5 7 EBIT 126.6% 358.9% 147.3% 45.2% % -7.3% 0.8% 0.8% 0.8% 52.4% 54.1% 25.7% 26.4% -111 -52 -65 -82 369 568 714 903 51.9% 53.5% 56.5% 58.5% 1.22 1.14 1.12 1.13 0.70 0.63 0.61 0.62 2019 2020E 2021E 2022E 0.12 0.08 0.08 0.08 707 525 656 828 2423 2618 3272 4127 97.32 90.00 90.00 90.0

39、0 2872 3342 4156 5242 134.61 135.00 135.00 135.00 975 1231 1520 1828 0.68 0.71 0.76 0.83 6977 7716 9604 12024 2.35 2.24 2.46 2.86 478 498 518 538 3840 4690 5340 5790 999 899 799 699 316 336 356 376 2019 2020E 2021E 2022E 6213 7018 7623 8028 369 568 714 903 13189 14734 17227 20052 -111 -52 -65 -82 30

40、63 3774 5014 6214 402 160 160 160 1826 2104 2617 3300 138 37 174 245 63 74 92 116 -517 -593 -1153 -1445 760 800 872 969 282 120 -170 -219 5712 6751 8595 10599 -837 -936 -736 -536 703 703 703 703 -71 -20 -20 -20 431 431 431 431 -7 195 116 117 1134 1134 1134 1134 -915 -761 -640 -438 6845 7885 9729 117

41、33 4951 711 1240 1200 871 860 860 860 1 -11 0 0 6475 7032 7746 8649 -4571 -240 -299 -372 -131 -183 -248 -330 381 460 941 828 13189 14734 17227 20052 -245 -182 131 171 1 07 23 2 2019 300068 21 Table_Analysts 豸 豸 豸 豸 档 Table_Stocks , , , , , , , , , , , , ,滪 , , , , , , , , , , , , , , , , 1. 淢 6 淢 6

42、2. A 500 10% -10% 10% -10% 6 10% -10% 10% -10% 顣 浱 档 飬 纣 300068 22 Table_PeopleInfo (021)23219403 (021)63411586 (021)23212042 (021)23219404 (021)23219658 (021)23219747 (021)23212042 (021)23219820 (021)23219885 (021)23154483 (021)23154504 (021)23219394 (021)63411586 (021)23219732 (021)23219395 (021)2

43、3219984 (021)23219883 (021)23212230 (021)23219443 (021)23219745 (021)23154386 (021)23219914 (021)63411586 (021)23219419 (021)23219004 (021)23154168 (021)23219326 (021)23219686 (021)23219819 (021)23219433 (021)23219370 (021)23219774 (021)23219445 (021)23154167 (021)23212042 (021)23219807 (021)2315412

44、1 (021)23154149 (021)23154142 (021)23219658 (021)23154132 (021)23154117 (021)23154184 (021)23154141 (021)23219810 (021)23219406 (021)23219733 (021)23219400 (021)23219420 (021)23219223 (021)23154122 (021)23219945 02123154123 (021)23219434 (021)23219393 (021)23219387 (021)232

45、19946 (021)23219953 (021)23219396 (021)23219404 (021)23154143 (021)23154505 (021)23219411 (0755)82780398 (021)23219808 (010)68067998 02123154384 (010)56760096 (010)56760092 (021)23154017 (0755)82900463 (021)23154145 23963569 (021)23154113 (021)23154146 (021)23154398 (021)23212001 (021)

46、23219399 (021)23154125 (021)23219415 (021)23154138 (010)58067906 (021)23154120 (010)58067907 (021)23219104 (021)23219480 (021)23154392 (021)23154394 (021)23219747 (021)23219436 (021)23154128 (010)58067828 300068 23 (021)23219646 (021)23154119 (021)23212214 (021)23154170 (010)58067998 (0

47、21)23154146 (021)23154113 (021)23219760 豸 (021)23219402 (021)23219692 (021)23154148 (021)23219171 (021)23154513 (0755)82764281 (021)23154130 (021)23214397 (021)23219431 (021)23219392 (021)23219392 (021)23154174 (021)23154131 (021)23154137 (010)50949926 (010)50949926 (021)23219383 (010)58067852 010-5

48、6760095 (010)50949926 (021)23219634 (021)23154127 (010)56760090 (021)23219382 010 56760091 (021)23154652 (021)23219442 (021)23219407 (021)23154510 (021)23219748 (021)23212081 (021)23154122 (021)23154114 (0755)82945368 (021)23219816 (021)23154653 (021)23219391 (021)23154399 (021)23154134 (0755)829453

49、68 (021)23219405 (021)23212041 (021)23154396 (010)58067941 (021)23219389 (021)23154172 (021)23154171 t 021-2321-4129 (010)50949926 (021)23154395 (021)23219399 (021)23219671 (021)23219244 (021)23154382 (021)23154383 (021)23214390 (021)23212208 (021)23154126 (021)23219389 (0755)82775962

50、(0755)23607963 (0755)83253022 (0755)83255933 (0755)82775282 (0755)23617160 (021)23219385 (021)23219592 (021)23219384 (021)23219410 (021)23219281 (021)23154192 (021)23219397 (021)23219373 t (021)23212268 23214650 (010)58067988 010-5806 7936 (010)58067931 (010)58067977 (010)58067851 300068 24 689 9 绰 021 23219000 棺 021 23219392