Question

急求的翻译~~~?

（二）从流通股股东的角度看
1、流通股股东在一级市场的亏损
截至2005年6月30日，我国上市公司流通股股本为2662亿股，占股本总额的36％。其中，A股为2082亿股（占流通股的78％），H股为413亿股，B股为167亿股。以A股IPO平均价格6元／股计算，A股股东在上市公司的IPO融资和增发配股中，总投入为12500亿元。若以目前两市上市公司平均股票市价4.9元计算，目前市值仅为10200亿元，流通股股东一级市场总体亏损额为2290亿元。
2、流通股股东在二级市场的亏损
四年来，由于我国股市持续深度下跌，从2001年6月的2240点跌到目前的1050点，下跌幅度为53％，流通股市场价值也从2001年6月的18866亿元减少为目前的1万亿左右，市值缩水约8000亿元。若再考虑这四年来新发和增发上市公司股份近3000亿元所产生的增值因素，四年来，流通股市值在二级市场的缩水高达近万亿元。
3、流通股股东的投资回报
截至2003年底，14年来1300多家上市公司累计分红为1844亿元。其中，流通股东分红仅有600多亿元，扣除20％的分红所得税，实际只有500多亿元，占流通股东在一级市场资本投入总额12500亿元的4％，年回报率只有2.8‰，显然没有分享到中国股市发展的成果。
综上所述，15年来，国有资本在股市上的直接增值是惊人的，对国有企业在制度创新、安置就业等诸多方面的间接价值创造更是难以估量。但这一切又都建立在7000万股民资本的巨额亏损基础上。

Answer 1

Shareholders from the circulation point of view
1, the flow of shareholders in a market losses
As of June 30, 2005, China's listed companies tradable share capital of 266.2 billion shares, accounting for 36 percent of total equity. One, A shares for 208.2 billion shares (outstanding shares of 78%), H shares for 41.3 billion shares, B shares for 16.7 billion shares. A-share IPO to the average price of 6 yuan / shares, A shares in a listed company's IPO financing and additional配股, the total investment to 1.25 trillion yuan. The two cities if the current stock market value of listed companies an average of 4.9 yuan, the current market value of only 1.02 trillion yuan, the flow of shareholders overall market losses amounted to a 229 billion yuan.
2, the flow of shares in the secondary market losses
Four years, because of the depth of China's stock market continued to decline, from June 2001 of the current fell 22.4 points 1050, decreased to 53 percent, the market value of outstanding shares from June 2001 of 1.8866 trillion yuan reduced to the current one 1000000000000 around, the market value of about 800 billion yuan. If we consider this over the past four years, and the issuance of new shares in listed companies by nearly 300 billion yuan of value-added factor, four years, the circulation market value in the secondary market value of up to nearly 10,000 billion.
3, circulation shareholders return on investment
By the end of 2003, 14 to more than 1,300 listed companies a total dividend for 184.4 billion yuan. Of these, only the circulation shareholders dividends of more than 600 million, after deducting 20 percent of the dividend income tax, the actual only 500 billion yuan, accounting for shareholders of the flow of capital into the market a total 1.25 trillion yuan of 4 percent, the rate of return of only 2.8 ‰, Apparently did not share in China's stock market the fruits of development.
To sum up, 15, the state capital in the stock market on the direct value-added is staggering, the state-owned enterprises in the system innovation, job placement, and many other aspects of creating a more indirect value is inestimable. But all have been established in 7000 and shares the capital on the basis of the huge losses.
~hope it helps

Answer 2

1, the flow of shareholders in a market losses
As of June 30, 2005, China's listed companies tradable share capital of 266.2 billion shares, accounting for 36 percent of total equity. One, A shares for 208.2 billion shares (outstanding shares of 78%), H shares for 41.3 billion shares, B shares for 16.7 billion shares. A-share IPO to the average price of 6 yuan / shares, A shares in a listed company's IPO financing and additional配股, the total investment to 1.25 trillion yuan. The two cities if the current stock market value of listed companies an average of 4.9 yuan, the current market value of only 1.02 trillion yuan, the flow of shareholders overall market losses amounted to a 229 billion yuan.
2, the flow of shares in the secondary market losses
Four years, because of the depth of China's stock market continued to decline, from June 2001 of the current fell 22.4 points 1050, decreased to 53 percent, the market value of outstanding shares from June 2001 of 1.8866 trillion yuan reduced to the current one 1000000000000 around, the market value of about 800 billion yuan. If we consider this over the past four years, and the issuance of new shares in listed companies by nearly 300 billion yuan of value-added factor, four years, the circulation market value in the secondary market value of up to nearly 10,000 billion.
3, circulation shareholders return on investment
By the end of 2003, 14 to more than 1,300 listed companies a total dividend for 184.4 billion yuan. Of these, only the circulation shareholders dividends of more than 600 million, after deducting 20 percent of the dividend income tax, the actual only 500 billion yuan, accounting for shareholders of the flow of capital into the market a total 1.25 trillion yuan of 4 percent, the rate of return of only 2.8 ‰, Apparently did not share in China's stock market the fruits of development.
To sum up, 15, the state capital in the stock market on the direct value-added is staggering, the state-owned enterprises in the system innovation, job placement, and many other aspects of creating a more indirect value is inestimable. But all have been established in 7000 and shares the capital on the basis of the huge losses.

希望可以帮到你`~

Answer 3