中国铜业有限公司2019第二期中期票据信用评级报告及跟踪评级安排

1、 2 2019 2019 AAA AAA 5 10 3 N 3 2016 2017 2018 2019 6 519 62 615 94 1 988 96 2 040 86 185 14 225 60 522 21 580 12 334 47 390 34 1 466 75 1 460 74 261 04 296 29 1 169 07 1 165 54 725 48 841 47 773 12 641 74 2 52 4 25 7 22 15 09 EBIT 9 49 11 02 38 74 EBITDA 23 22 24 97 74 12 31 41 14 75 36 36 74 24 3 88 4 10 10 61 11 15 1 85 1 85 2 58 64 37 63 37 73 74 71 57 58 50 56 77 69 12 66 77 EBITDA X 11 24 11 86 15 77 EBITDA X 1 96 1 86 2 94 2019 2019 1 6 2018 12 xyzhang ychwang 010 66428877 010 66426100 20

2、19 12 11 AAA 2019 AAA 2018 2018 5 2019 6 3 035 86 4 549 44 5 087 249 544 000878 SZ 000807 SZ 600497 SH A 2019 6 1 633 06 516 51 CCXI 20192679D 01 2 2 2 20 0 0 0 01 1 19 9 9 9 9 9 9 9 9 9 9 9 3 2019 2019 6 442 48 301 18 2016 2018 2 18 7 43 20 79 2018 5 51 58 42 4 2019 5 2019 AAA 2019 9 20 031200 2019 04 6 2019 7 2019 2008 8 15 2005 2008 8 2016 3 2018 5 2018 12 2019 6 69 322 7 3812 5 5325 5 2752 3 6754 3 5955 2 8700 2 3482 58 42 2019 6 7 53 A 2018 1 988 96 522 21 73 74 2018 773 12 7 22 36 36 2019

3、6 2 040 86 580 12 71 57 2019 1 6 641 74 15 09 74 24 2019 5 10 3 N 3 3 3 3 3 4 3 4 3 300 300bp 3 300 8 2019 12 1 2 1 2 2019 GDP 6 3 0 5 0 3 CPI PPI CPI PPI M2 9 2019 2019 Mineral Commodity Summaries 2019 2018 8 30 2 600 3 13 2018 158 3 80 2018 1 972 13 63 2019 1 6 1 092 30 1 2018 17 000 8 800 8 300 6 100 5 100 5 000 4 800 2 600 2 000 1 900 21 000 83 000 U S Mineral Commodity Summaries January 2019 2018 6 80 67 914 20 2018 10 00 20 486 2018 5 90 2018 2 781 4 20 2 808 2 80 2018 1 117 4 00 0 16 2019

4、 10 2019 10 5 0 5 10 15 20 25 30 35 40 45 0 10 000 20 000 30 000 40 000 50 000 60 000 70 000 80 000 2010 2011 2012 2013 2014 2015 2016 2017 2018 0 00 2 00 4 00 6 00 8 00 10 00 12 00 0 100 200 300 400 500 600 700 800 900 2012201320142015201620172018 1 6 547 4 99 1 2018 844 20 5 40 2019 1 6 424 00 0 95 7 58 2 2018 347 1 19 44 2018 69 8 2019 1 6 148 0 2 07 25 0 50 98 2019 2019 2018 Escondida LME3 6 6 841 6 13 7 348 4 6 15 500 25 9 2018 LME3 5 981 17 70 LME3 6 544 5 72 LME LME 2018 SHFE 50 760 2 94

5、2019 2019 LME3 6 175 11 13 LME 2019 SHFE 48 207 7 95 11 2019 4 000 4 500 5 000 5 500 6 000 6 500 7 000 7 500 3 LME3 Choice 1 3 6 8 2 TC RC 2005 2016 11 17 2017 TC RC 92 50 9 25 2016 97 35 9 735 2017 2018 TC RC 82 25 8 225 11 08 2018 2019 2019 TC RC 80 80 8 08 2019 2019 90 95 9 0 9 5 6 57 62 5 7 6 2 2013 2019 2018 2 30 1 285 868 5 10 2018 1 335 0 20 625 2 00 2018 3 00 417 568 3 20 2019 1 6 1 70 622 428 3 20 2019 1 6 651 0 40 370 Vladikavkaz HZL CEZ 1 73 2019 1 6 1 500 2 50 193 2 30 282 2018 12 20

6、19 1 400 1 900 2 400 2 900 3 400 3 900 2018 0 10 1 385 2019 1 6 665 2018 LME 12 11 2018 LME 13 2018 5 29 00 2018 2 01 70 70 2019 LME 2019 6 LME 9 70 2018 3 2019 6 7 99 2018 6 2018 2017 LME 2 3 596 LME 8 2 283 2018 LME 2 454 26 00 LME 2 896 0 20 1 27 235 8 19 528 20 925 18 70 2018 23 024 2 50 2019 3 000 2019 6 LME 2 493 2018 1 59 2019 1 6 LME 2 664 18 08 2019 6 19 755 2018 4 99 2019 1 6 21 268 14 70 4 LME3 Choice 2019 2019 2018 1 165 7 1 0 2018 1 167 4 0 8 1 7 2018 203 30 2 3 0 8 491 0 3 53 2018

7、7 2018 2018 5G 13 2019 1 500 1 700 1 900 2 100 2 300 2 500 2 700 2 900 2018 490 2 2019 1 6 564 4 1 2 339 1 Nordenham 1 6 2019 1 6 225 3 2019 1 6 547 1 0 6 338 5 2019 1 6 1 213 2 1 232 3 13 7 12 4 781 777 2 9 3 5 2019 1 6 2018 2018 4 6 LME 2 600 2018 LME3 2 043 2018 LME3 2 247 4 3 4 2018 4 2018 17 530 2018 18 848 6 3 2 2019 2019 6 LME3 1 933 3 60 2019 1 6 LME3 1 972 19 70 2019 1 6 16 834 10 40 12 50 5 LME3 Choice 2019 2019 2018 2018 4 051 9 78 2019 75 37 20 12 2019 6 2018 31 4 082 3 658 2018 14 2

8、019 5 00 0 00 5 00 10 00 15 00 20 00 25 00 30 00 35 00 0 500 1 000 1 500 2 000 2 500 3 000 3 500 4 000 200920112013201520172019 1 6 1 400 1 600 1 800 2 000 2 200 2 400 2 600 2 800 30 20 10 0 10 20 30 40 0 20 000 40 000 60 000 80 000 100 000 201120122013201420152016201720182019 1 6 3 659 0 20 2019 1 6 1 786 6 2019 1 6 772 292 8 8 105 509 10 1 1 644 19 3 5 8 4 2 6 9 1 213 2 1 232 3 13 7 12 4 2019 1 6 1 806 7 2018 4 4 220 4 2018 130 50 2019 6 100 2019 2019 6 LME 1 794 2018 3 18 2019 1 6 LME 1 849 1

9、6 30 2019 6 SHFE 13 815 2018 0 88 2019 1 6 SHFE 5 60 13 786 8 LME 3 2019 2019 15 2019 1 500 2 000 2 500 3 000 3 500 4 000 0 00 5 00 10 00 15 00 20 00 25 00 30 00 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 201320142015201620172018 2019 1 6 1 1 95 2019 6 2018 300 8 635 156 7 491 2019 1 6 3 603 2 70 9 2019 2019 1 6 2 863 0 30 10 60 14 2019 1 6 5 365 32 70 40 60 13 700 0 01 137 2016 1 2016 6 2016 1 1 1 39 1 50 2018 3 22 2016 2018 2016 3 8 16 2019 2019 6 3 035 86 4 549 44 5 087 249 544 2019 6

10、3 1 1 2 26 1 1953 1 2019 6 253 7 1 589 580 2004 LME LME 2018 5 2018 8 100 2018 11 51 2018 12 1 2019 1 2018 17 2019 53 07 3 64 5 11 34 81 3 36 2014 2017 0 443 0 355 0 320 0 343 2018 1 2018 80 0 25 0 28 0 20 0 30 15 12 2016 2018 1 27 2 14 6 81 2018 2 2018 2018 2018 2773 12 53 07 34 81 5 11 3 64 2019 1 6 641 74 11 2018 2019 6 313 60 2015 4 64 72 1 250 4 42 2017 7 2018 2019 1 6 3 61 2 51 3 t a 2016 9 198 1 08 18 2019 20 98 2018 2019 1 6 0 47 0 32 4 07 2 86 2016 2018 2019 1 6 1 43 1 47 1 25 0 70 2018

《中国铜业有限公司2019第二期中期票据信用评级报告及跟踪评级安排》由会员第***分享，可在线阅读，更多相关《中国铜业有限公司2019第二期中期票据信用评级报告及跟踪评级安排》请在金锄头文库上搜索。