房地产行业：行业供需持续改善，拿地集中高能级城市

[Table_MainInfo] [Table_Title] / [Table_Summary] 3836.75 3.03%2.75%4.04%3003.47% 5 386.8 6% 612.8 7% 9 92.2103.69100% 525-5311002569.281355.2362.70%2729/6.67% 334547%2%-7%34510%20%-3%3034530-37%-20%-4%5 A [Table_CompanyFinance] EPS PE 2019A 2020E 2021E 2019A 2020E 2021E A 26.41 3.44 4.11 4.88 7.68 6.43 5.41 14.86 2.34 2.58 2.88 6.35 5.76 5.16 7.78 1.06 1.34 1.68 7.34 5.81 4.63 7.99 2.10 2.59 3.03 3.80 3.08 2.64 5.19 1.15 1.66 2.23 4.51 3.13 2.33 [Table_Invest] [Table_PicQuote] [Table_Trend] % 1M 3M 12M -2.52% -5.29% -9.87% -2.52% -3.44% -15.41% [Table_IndustryMarket] 134 20468 18124 7.83 1.77 25521 2316 % 79.05 [Table_Report] 2020-05-18 20201-4 2020-05-18 (4) 2020-04-30 [Table_Author] S0550519080009 13917726696 zhangyk@nesc.cn S0550118070032 18616639299 shenly@nesc.cn S0550119080063 18117166023 wuyx@nesc.cn 2020-06-08 2 / 12[Table_PageTop] 1. ....................................................................................................... 3 1.1. ..................................................................................................................................... 3 1.2. .............................................................................................................................. 4 1.3. .............................................................................................................................. 4 2. ............................................................................................ 5 3. ....................................................................................................... 7 4. ............................................................................................... 8 5. (2020) ...... 9 1300 .............................................................................................................. 3 2 ..................................................................................................................... 3 3 ................................................................................................................. 7 4 .............................................................................................................. 7 5 ............................................................................................................................ 7 6 .............................................................................................................. 7 7....................................................................................................... 8 8....................................................................................................... 8 9 .......................................................................................................... 8 10 ................................................................................