行情中心 沪深京A股 上证指数 板块行情 股市异动 股圈 专题 涨跌情报站 盯盘 港股 研究所 直播 股票开户 智能选股
全球指数
数据中心 资金流向 龙虎榜 融资融券 沪深港通 比价数据 研报数据 公告掘金 新股申购 大宗交易 业绩速递 科技龙头指数

福斯特:福斯特公开发行可转换公司债券信用评级报告

公告原文类别 2022-11-18 查看全文

福斯特 --%

20225843

AA

AA

www.lhratings.com 0

5-1-1AA

AA

30.30

6

2022916

EBITDA

V3.1.202205

V3.1.202205

AA AA

aa AA

C

1

250%

32

2

1

F1 5 2019 2021

1

21.18%7.74%

1

20192021

----

A B C D E F 6

61641.98%50.35%

F1 F7 7 7 1

73

www.lhratings.com 1

5-1-22021

0.210.17%

lianhe@lhratings.com

010-85679696

010-85679228

1

2

17100022

www.lhratings.com

2021

2

202132.54

13.8524.50

51.79%

320192021

4.35

2.72-1.48

77.57%69.04%74.06%

www.lhratings.com 2

5-1-320192020202120223

39.7339.7344.7851.12

83.05115.45136.88143.09

65.2990.29121.90125.28

0.230.140.142.89

8.9013.550.070.07

9.1213.690.212.96

63.7883.93128.5838.84

10.9217.8224.693.85

EBITDA 12.07 19.23 26.71 --

4.352.72-1.48-1.51

%20.0227.9424.7315.92

%14.6317.3418.03--

%21.3821.7910.9412.45

%12.2613.160.172.31

%782.86823.54736.66644.44

%50.4824.07-10.11--

175.86291.00323.0917.66

EBITDA 154.70 61.45 106.43 --

/EBITDA 0.76 0.71 0.01 --

20192020202120223

71.56104.92121.76125.36

54.6280.88109.21111.96

9.1113.680.042.81

50.3369.84110.4829.69

9.4118.5420.503.27

%23.6722.9010.3110.68

%14.2914.470.042.45

%692.35781.42703.77633.50

%53.22-4.10-21.31--

1.20222.

/

V3.0.201907

AA 2021/05/21

V3.0.201907

AA 2018/12/21

201981

www.lhratings.com 3

5-1-4/

www.lhratings.com 4

5-1-5603806.SH 2017 3

20035

2022

39.51

20

13.46%

1575%

525%200812

48.45%

697.9

20099120223

66.17%

25.00%

8.83%200911

9000

2011

225025%

20116

3420020223

20148

A 6000 1 24

27.18/2021136.88

163080121.90

A 2014 9 5 0.14 2021

128.5824.69

www.lhratings.com 5

5-1-620223

143.09125.28

0.1420221330.3030.30

38.843.85

8

1.

A

A

1

Q Q=V/P

V

P

5

0.01

201

20

()

P1=P/(1+n)

P1=(P+A×k)/(1+k)

P1=(P+A×k)/(1+n+k)

P1=P D

P1 (P D A×k)/(1+n+k)

P n k A D P1

/

/

301585%

30

201

www.lhratings.com 6

5-1-71

5

13015130%

130%

230003000

IA=B i t/365

IA

B

i

t

A 30 70%

30

A A

/

2.

30.30

2

14.2101108.5080000.00

26.14549163.5039000.00

3125258.4519000.00

450035868.9029000.00

52.554852.4044600.00

6.1 3.44MWp 1550.00 1500.00

6.2 12MW 5400.00 5400.00

6.3 3555KWP 1599.95 1500.00

7-83000.0083000.00

357801.70303000.00

www.lhratings.com 7

5-1-814

4.2

1

1

2022

500

6.145

56

2.5

3.44MWp

2MW

3555KWP

202256.26

2.50%

GDP 0.40% 4.80%

2.60%2020

2022

5.00%

3.20%1.80%

6.07%4.83%

320212022

20212021202120222022

GDP 28.15 28.99 32.42 27.02 29.25

GDP % 7.90 5.47 4.90 4.85 4.00 5.19 4.80 0.40

%15.906.9511.806.379.606.156.503.40

%12.604.407.303.804.903.909.306.10

%15.008.208.807.204.405.690.70-5.40

%7.802.401.500.400.400.658.507.10

%19.202.0014.803.3013.504.8015.6010.40

%23.004.3916.403.9312.503.983.27-0.70

%38.5132.8829.8715.8014.20

%36.7932.5230.049.605.70

CPI % 0.50 0.60 0.90 1.10 1.70

PPI % 5.10 6.70 8.10 8.70 7.70

%11.0010.0010.3010.6010.80

www.lhratings.com 8

5-1-9%21.8016.3010.708.60-10.20

%4.502.300.308.305.90

%5.004.905.105.805.50

%12.005.149.705.058.105.065.103.00

1.GDP 2.GDP 3.

4.5.6.2021

Wind

2.20

20226329

21.043913

0.70%7.70%

2022

27.14

6.10%202210.52

10.20%

1.84

3.30%2022

V 2022 12.89

3.085.90%

10.30%1.7317.30%

14.20%1.3511.00%7.70%

5.70%3854.354.20%3.60%

CPI PPI

2022 CPI 2022

1.70%5.70%0.50

2022

PPI 1.85 3.00%

7.70%1.18

0.80%

PPI-CPI

2

2022728

2022

213.266

10.80%

0.50

www.lhratings.com 9

5-1-10202248

2022

2022

2020

2021

5.50%

2022

4 V

2030

25%

12

2.

5.50%2021

EVA PET

95%

EVA

- EVA

PET

1.

2020

2021

2019 2021 OPEC

30114820548820212020

2021 EVA PET

305.987GW 2021 6 7 2021 EVA 20940.90 /

2021 64.82% PET

20216654.48/37.77%

www.lhratings.com 10

5-1-11EVA

1.

202239.51

EVA

5%

1GW

100020212.

170GW 31%

2021

2003

2

50%

FCCL

PCB

3.2021

EVA

PCB

90% EVA 3.

TOP3

80%

CNAS

2021444

14.81%

EVA POE 434 96

16170

www.lhratings.com 11

5-1-1220214.5441~5058151152

3.53%

5.

91330000749463090B 2022 9 8

4.

202237

38

2

1962

81.

19821994

1994

19981998

2003

200320117

20117

19812

20083

731

IEC/TC82 1

202233486

110

3825173

24771

262881441

30104331~401710

www.lhratings.com 12

5-1-131

3

2.

1.

99%

90%

www.lhratings.com 13

5-1-1420192021

FCCL

20221338.84

38.02%

2021

15.92%12.70

4

201920202021202213

%%%%%%%%

56.9590.0020.5875.6290.5129.04115.1089.8525.6634.1588.1316.46

5.278.3318.165.586.6820.517.265.6713.223.288.4613.41

0.570.907.211.832.2019.624.463.4816.371.042.6817.31

0.220.3520.150.240.2828.570.760.5976.320.110.2845.45

0.270.4327.430.280.3417.550.520.411.920.180.46-5.56

63.28100.0020.2983.55100.0028.22128.10100.0024.8438.75100.0016.20

2.

1

90%6%~7%

EVA

2021

EVA

5

/%

2022

201920202021

13

73000.0088090.00107200.0032200.00

75016.0787391.6696677.4730759.74

102.7699.2090.1895.53

2022

www.lhratings.com 14

5-1-15220192021

22.48%

+

1~3

6

/%10

2022

2019202020213

13

336078.13408280.68504163.33120899.20

1.16531.12831.75001.8565

391637.54460692.55882267.78224453.19

91.9482.0166.3153.40

7%

ASIA PLOYMER CORPIRATION KAOHSIUNG BRANCH 72204.94 16.14

Hanwha Total Petrochemical Co.Ltd 67509.33 15.09

Great China Trading CO.LTD 66732.56 14.91

2019

DOW CHEMICAL PACIFIC LIMITED 64841.40 14.49

LG CHEMLTD 19960.27 4.46

291248.5065.09

DOW CHEMICAL PACIFIC LIMITED 128901.75 24.28

ASIA PLOYMER CORPIRATION KAOHSIUNG BRANCH 61439.68 11.57

Hanwha Total Petrochemical Co.Ltd 60375.60 11.37

2020

Great China Trading CO.LTD 47042.89 8.86

35632.196.71

333392.1162.79

DOW CHEMICAL PACIFIC LIMITED 129284.70 14.65

110573.8412.53

Hanwha Total Petrochemical Co.Ltd 91675.67 10.39

2021

LG CHEMLTD 84533.85 9.58

Great China Trading CO.LTD 81333.87 9.22

497401.9356.38

202235814.6715.96

www.lhratings.com 15

5-1-161 3 Great China Trading CO.LTD 25246.99 11.25

-24518.4010.92

DOW CHEMICAL PACIFIC LIMITED 21474.19 9.57

17724.337.90

124778.5855.59

3

9%

2022

201920202021

13

25.0823.1819.8016.44

74.9276.8280.2083.56

20192021

31.10

848.1175.78

%/

202248.77%57.33%58.93%

201920202021

13

75016.0787391.6696677.4730759.74

74869.1886529.6196779.8428127.49

99.8099.01100.1191.44

7.618.7411.8912.14

20223.

50%1

2021

PET

20192020

2021

3

www.lhratings.com 16

5-1-172

90%6%~7%

PET PVDF

10

/ % PET PVDF

2022

2019 2020 2021 /PVF

13

5600.00 5600.00 6500.00 2500.00 PVF 2021

5107.29 5733.29 7120.73 2837.61 PVDF /PVF

91.20102.38109.55113.50

PVDF /PVF

2022

11

20192020202120221-3

21876.4422222.5531995.5512476.97

/1.060.921.171.14

PET

23265.7820345.6237501.4314258.07

%--------

3041.653804.984016.35948.40

PVDF / 2.37 2.32 4.11 5.54

/PVF 7217.62 8820.53 16523.88 5254.16

%9.280.0340.0016.00

1251.05810.561469.54587.70

/4.995.025.075.81

6247.504065.897457.213414.19

%--------

2019 2021 PET PVDF /PVF

PET PVDF /PVF

20.94%14.91%

2020 PET

PVDF /PVF

2021

12%

PET 9430.95 21.47

PET 4909.48 11.18

2019 PVDF 4426.15 10.08

PET 4310.44 9.81

PET 3095.46 7.05

www.lhratings.com 17

5-1-18--26172.4859.58

PET 7024.19 17.12

PET 4654.95 11.35

PVDF 4217.01 10.28

2020

PET 4190.68 10.21

PVDF 3685.34 8.98

--23772.1757.94

PET 11838.64 16.17

PET 9154.33 12.5

PVF 6630.37 9.06

2021

PET 5460.34 7.46

PVDF 4844.09 6.62

--37927.7751.81

PET 5577.34 20.23

PET 4078.63 14.79

2022 PET 3167.89 11.49

1 3 PVDF 2979.93 10.81

1801.056.53

--17604.8463.85

3

6.016.395.63

0.860.851.02

2021

97.71%

5.

13

%/

2022

201920202021

1320223

5107.295733.297120.732837.61

52.5

4967.695712.036822.142822.81

97.2799.6395.8199.48

10.609.7710.6411.6123.3914.00

202238.61

4.14.78

20223

20192021

2.232.322.81

www.lhratings.com 18

5-1-191420223

2022

203202220232024

5

20202024160346.8570346.8590000.0074109.7538133.0532069.3716034.68

2.5

2021.062023.0673563.7123563.7150000.0011987.6624794.2036781.86--

--233910.5693910.56140000.0086097.4162927.2468851.2316034.69

1520223

202220232024

4.22022.062025.12101108.5021108.580000.0020221.7040443.4040443.40

6.1452022.062025.1249163.5010163.539000.009832.7019665.4019665.40

12022.062024.1225258.456258.519000.0010103.3810103.385051.69

5002022.062024.1235868.906868.929000.0014347.5614347.567173.78

2.52022.062025.0654852.4010252.444600.0016455.7227426.2010970.48

--266251.7554651.80211600.0070961.06111985.9483304.75

6.

2022

20203

20213

20222022

324

3~5

2021136.88

FCCL 121.90

0.142021128.58

24.69

20223

143.09125.28

0.14202213

1.38.843.85

20192021

2.

www.lhratings.com 19

5-1-20136.8818.56%

20192021

28.38%2021

16

20192020202120223

%%%%

67.4581.2193.1880.71107.5678.58111.9878.26

18.8127.8916.7718.0026.6924.8125.9523.17

16.3224.2023.8225.5732.5430.2532.3628.90

12.7818.9515.7416.8913.8512.8719.5917.50

9.0913.489.7410.4524.5022.7721.5419.24

15.6018.7922.2719.2929.3221.4231.1021.74

10.8369.4316.3473.3520.0268.3020.0564.47

2.0713.261.667.454.2114.375.5017.67

2.1713.902.7212.223.6412.403.9512.70

83.05100.00115.45100.00136.88100.00143.09100.00

112.01%

20192021

26.29%202127.59

107.5615.44%20192021

64.14%202124.50

151.57%

20192021

19.11%202164.31%32.12%

26.6959.17%0.13

0.012

20192021

2019202137.06%2021

41.20%202129.3231.64%

32.5436.60%

1

99.43%2.30

6.61%20192021

23.3967.13%35.94%2021

20.0222.56%

20192021

4.08%202154.36%41.69%

13.856.79

www.lhratings.com 20

5-1-2174.69%

2019202120192021

42.69%202117.7625.1614.98

4.21153.94%

52021

2.51.197.48%

32021

20192021

29.48%2021

3.6433.66%

98.74%0.38

20210.36

0.01

0.34

20223

143.094.53%

20192021

3.30.19%2021

114.6029.05%

9.910.91

2.57

2019202120192021

36.64%18.82%2021

9.9137.59%

2021121.90

35.01%20192021

99.89%9.1413.840.38

0.11%8.9013.550.00

7.80%31.22%57.63%20192020

2020202021

2022317.81

20223125.2818.89%

2.77%2.00

220192021

84.76%

2021

www.lhratings.com 21

5-1-2220192021

20192021

6.48%6.60%4.77%

17%20192021

2022

201920202021

3

0.230.140.142.89

8.9013.550.070.07

9.1213.690.212.9620221338.84

21.3821.7910.9412.4538.02%32.48

12.2613.160.172.3162.49%

11.9913.050.060.06

12.7015.92%

4.5.

20192021

19%

2022

41.98%37.74%20192020202113

51.6659.0996.4227.98

47.3156.3697.8929.49

18%4.352.72-1.48-1.51

2022

20192020202140.3741.4548.153.74

13

40.5759.7732.984.94

63.7883.93128.5838.84

-0.20-18.3215.17-1.20

50.7960.1396.3632.48

4.15-15.6013.69-2.71

4.135.546.131.83

11.1718.360.142.00

1.131.210.530.11

2.534.543.600.02

0.981.441.540.38

8.6413.82-3.461.98

2.033.094.541.39

77.5769.0474.0671.10

0.00-0.19-0.47-0.06

10.9217.8224.693.85

20.0227.9424.7315.92

20192021

12.8815.1418.06--

14.6317.3418.03--

36.62%

20192021

43.85%

21.80%

2021

2019

2021

www.lhratings.com 22

5-1-2320192021

9.21%

20192021

9.84% EBITDA

20223

2021

20223

2019202137.8018.30

A

20192021

7.

2021

2021121.76

20221316.06%87.90

72.19%33.87

27.81%

21.60%32.85%

6.13.48%21.86%

56.58%

35.86%2021

2018.99

2019202020212021109.21

35.02%

%782.86823.54736.66

%677.33737.48568.909.518.71%38.06

%50.4824.07-10.1134.85%57.3252.48%

/19.2519.95-10.654.323.96%

/175.86291.00323.09

202112.55

EBITDA 12.07 19.23 26.71

47.76%12.49

/EBITDA 0.76 0.71 0.01

/0.480.20-6.9699.50%0.060.50%

EBITDA/ 154.70 61.45 106.43 67.80%

/55.738.70-5.885.59%2021

0.04

0.04%

20192021

2021110.48

20.500.15

2021

www.lhratings.com 23

5-1-242021

-2.66

12.92-3.59

2021

88.96%83.80%2021

85.92%

83.03%

EBITDA

1.

30.30

AA AA

30.30

2021

412.98142.95

2021

10.94%0.17%0.06%27.08%

20.02%19.95%

2.

EBITDA

21

2021

*30.37

/3.17

/-0.05

/EBITDA 1.14

3.

www.lhratings.com 24

5-1-251-120223

www.lhratings.com 25

5-1-261-220223

%

16000.00100.00--100.00

21400.00100.00--100.00

3480.00100.00--100.00

430000.00100.00--100.00

511000.00--100.00100.00

6500.00--70.0070.00

715000.00100.00--100.00

8166800100.00--100.00

95000.00100.00--100.00

1025000.00--100.00100.00

112500.00--100.00100.00

www.lhratings.com 26

5-1-27121000.00--100.00100.00

135000.00--100.00100.00

148000.00100.00--100.00

151500.00--100.00100.00

162000.00--100.00100.00

17500.00--100.00100.00

185000.00100.00--100.00

19500.00--100.00100.00

201000.00--100.00100.00

2130000.00100.00--100.00

22500.00100.00--100.00

2330000.00--100.00100.00

2430000.0070.00--70.00

www.lhratings.com 27

5-1-282-1

20192020202120223

39.7339.7344.7851.12

83.05115.45136.88143.09

65.2990.29121.90125.28

0.230.140.142.89

8.9013.550.070.07

9.1213.690.212.96

63.7883.93128.5838.84

10.9217.8224.693.85

EBITDA 12.07 19.23 26.71 --

4.352.72-1.48-1.51

2.232.322.81--

6.016.395.63--

0.860.851.02--

%77.5769.0474.0671.10

%20.0227.9424.7315.92

%12.8815.1418.06--

%14.6317.3418.03--

%11.9913.050.060.06

%12.2613.160.172.31

%21.3821.7910.9412.45

%782.86823.54736.66644.44

%677.33737.48568.90520.48

%50.4824.07-10.11--

175.86291.00323.0917.66

EBITDA 154.70 61.45 106.43 --

/EBITDA 0.76 0.71 0.01 --

2022

www.lhratings.com 28

5-1-292-2/

20192020202120223

23.2219.0022.9523.83

71.56104.92121.76125.36

54.6280.88109.21111.96

0.210.130.042.81

8.9013.550.000.00

9.1113.680.042.81

50.3369.84110.4829.69

9.4118.5420.503.27

EBITDA / / / --

4.22-0.43-2.661.31

2.242.282.74--

6.227.066.21--

0.800.790.97--

%80.2265.5275.7781.76

%19.2927.9624.4915.68

%///--

%15.1420.4916.48--

%14.0114.350.000.00

%14.2914.470.042.45

%23.6722.9010.3110.68

%692.35781.42703.77633.50

%609.21708.48549.96529.75

%53.22-4.10-21.31--

110.06141.00516.738.49

EBITDA / / / --

/EBITDA / / / --

2022

www.lhratings.com 29

5-1-303

12=-/×100%

2 n =[ / n ^ 1/ n-1 -1]×100%

/++

/

/

/×100%

+/++×100%

/×100%

--/×100%

/×100%

/++×100%

/+×100%

/×100%

EBITDA EBITDA/

/EBITDA /EBITDA

/×100%

-/×100%

/×100%

/

=+++

=++++

=+++

=+

EBITDA= + + + +

=+

www.lhratings.com 30

5-1-314-1

AAA AA A BBB BB B

CCC CC C AAA CCC + -

AAA

AA

A

BBB

BB

B

CCC

CC

C

www.lhratings.com 31

5-1-32www.lhratings.com 32

5-1-335-1-345-1-355-1-365-1-375-1-385-1-395-1-40

免责声明

以上内容仅供您参考和学习使用,任何投资建议均不作为您的投资依据;您需自主做出决策,自行承担风险和损失。九方智投提醒您,市场有风险,投资需谨慎。

推荐阅读

相关股票

相关板块

  • 板块名称
  • 最新价
  • 涨跌幅

相关资讯

扫码下载

九方智投app

扫码关注

九方智投公众号

头条热搜

涨幅排行榜

  • 上证A股
  • 深证A股
  • 科创板
  • 排名
  • 股票名称
  • 最新价
  • 涨跌幅
  • 股圈