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Annual Report 2019 Mobility
(a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1766 Annual Report Annual Report 2019 Mobility 2019 for Future Connection Important 1 The Board and the Supervisory Committee of the Company and its Directors, Supervisors and Senior Management warrant that there are no false representations, misleading statements contained in or material omissions from this annual report and they will assume joint and several legal liabilities for the truthfulness, accuracy and completeness of the contents disclosed herein. 2 This report has been considered and approved at the seventeenth meeting of the second session of the Board of the Company. All Directors attended the Board meeting. 3 Deloitte Touche Tohmatsu CPA LLP has issued standard unqualified audit report for the Company’s financial statements prepared under the China Accounting Standards for Business Enterprises in accordance with PRC Auditing Standards. 4 Liu Hualong, the Chairman of the Company, Li Zheng, the Chief Financial Officer and Wang Jian, the head of the Accounting Department (person in charge of accounting affairs) warrant the truthfulness, accuracy and completeness of the financial statements in this annual report. 5 Statement for the risks involved in the forward-looking statements: this report contains forward-looking statements that involve future plans and development strategies which do not constitute a substantive commitment by the Company to investors. Investors should be aware of the investment risks. 6 The Company has proposed to distribute a cash dividend of RMB0.15 (tax inclusive) per share to all Shareholders based on the total share capital of the Company of 28,698,864,088 shares as at 31 December 2019. -
Beijing Subway Map
Beijing Subway Map Ming Tombs North Changping Line Changping Xishankou 十三陵景区 昌平西山口 Changping Beishaowa 昌平 北邵洼 Changping Dongguan 昌平东关 Nanshao南邵 Daoxianghulu Yongfeng Shahe University Park Line 5 稻香湖路 永丰 沙河高教园 Bei'anhe Tiantongyuan North Nanfaxin Shimen Shunyi Line 16 北安河 Tundian Shahe沙河 天通苑北 南法信 石门 顺义 Wenyanglu Yongfeng South Fengbo 温阳路 屯佃 俸伯 Line 15 永丰南 Gonghuacheng Line 8 巩华城 Houshayu后沙峪 Xibeiwang西北旺 Yuzhilu Pingxifu Tiantongyuan 育知路 平西府 天通苑 Zhuxinzhuang Hualikan花梨坎 马连洼 朱辛庄 Malianwa Huilongguan Dongdajie Tiantongyuan South Life Science Park 回龙观东大街 China International Exhibition Center Huilongguan 天通苑南 Nongda'nanlu农大南路 生命科学园 Longze Line 13 Line 14 国展 龙泽 回龙观 Lishuiqiao Sunhe Huoying霍营 立水桥 Shan’gezhuang Terminal 2 Terminal 3 Xi’erqi西二旗 善各庄 孙河 T2航站楼 T3航站楼 Anheqiao North Line 4 Yuxin育新 Lishuiqiao South 安河桥北 Qinghe 立水桥南 Maquanying Beigongmen Yuanmingyuan Park Beiyuan Xiyuan 清河 Xixiaokou西小口 Beiyuanlu North 马泉营 北宫门 西苑 圆明园 South Gate of 北苑 Laiguangying来广营 Zhiwuyuan Shangdi Yongtaizhuang永泰庄 Forest Park 北苑路北 Cuigezhuang 植物园 上地 Lincuiqiao林萃桥 森林公园南门 Datunlu East Xiangshan East Gate of Peking University Qinghuadongluxikou Wangjing West Donghuqu东湖渠 崔各庄 香山 北京大学东门 清华东路西口 Anlilu安立路 大屯路东 Chapeng 望京西 Wan’an 茶棚 Western Suburban Line 万安 Zhongguancun Wudaokou Liudaokou Beishatan Olympic Green Guanzhuang Wangjing Wangjing East 中关村 五道口 六道口 北沙滩 奥林匹克公园 关庄 望京 望京东 Yiheyuanximen Line 15 Huixinxijie Beikou Olympic Sports Center 惠新西街北口 Futong阜通 颐和园西门 Haidian Huangzhuang Zhichunlu 奥体中心 Huixinxijie Nankou Shaoyaoju 海淀黄庄 知春路 惠新西街南口 芍药居 Beitucheng Wangjing South望京南 北土城 -
8Th Metro World Summit 201317-18 April
30th Nov.Register to save before 8th Metro World $800 17-18 April Summit 2013 Shanghai, China Learning What Are The Series Speaker Operators Thinking About? Faculty Asia’s Premier Urban Rail Transit Conference, 8 Years Proven Track He Huawu Chief Engineer Record: A Comprehensive Understanding of the Planning, Ministry of Railways, PRC Operation and Construction of the Major Metro Projects. Li Guoyong Deputy Director-general of Conference Highlights: Department of Basic Industries National Development and + + + Reform Commission, PRC 15 30 50 Yu Guangyao Metro operators Industry speakers Networking hours President Shanghai Shentong Metro Corporation Ltd + ++ Zhang Shuren General Manager 80 100 One-on-One 300 Beijing Subway Corporation Metro projects meetings CXOs Zhang Xingyan Chairman Tianjin Metro Group Co., Ltd Tan Jibin Chairman Dalian Metro Pak Nin David Yam Head of International Business MTR C. C CHANG President Taoyuan Metro Corp. Sunder Jethwani Chief Executive Property Development Department, Delhi Metro Rail Corporation Ltd. Rachmadi Chief Engineering and Project Officer PT Mass Rapid Transit Jakarta Khoo Hean Siang Executive Vice President SMRT Train N. Sivasailam Managing Director Bangalore Metro Rail Corporation Ltd. Endorser Register Today! Contact us Via E: [email protected] T: +86 21 6840 7631 W: http://www.cdmc.org.cn/mws F: +86 21 6840 7633 8th Metro World Summit 2013 17-18 April | Shanghai, China China Urban Rail Plan 2012 Dear Colleagues, During the "12th Five-Year Plan" period (2011-2015), China's national railway operation of total mileage will increase from the current 91,000 km to 120,000 km. Among them, the domestic urban rail construction showing unprecedented hot situation, a new round of metro construction will gradually develop throughout the country. -
Why Some Airport-Rail Links Get Built and Others Do Not: the Role of Institutions, Equity and Financing
Why some airport-rail links get built and others do not: the role of institutions, equity and financing by Julia Nickel S.M. in Engineering Systems- Massachusetts Institute of Technology, 2010 Vordiplom in Wirtschaftsingenieurwesen- Universität Karlsruhe, 2007 Submitted to the Department of Political Science in partial fulfillment of the requirements for the degree of Master of Science in Political Science at the MASSACHUSETTS INSTITUTE OF TECHNOLOGY February 2011 © Massachusetts Institute of Technology 2011. All rights reserved. Author . Department of Political Science October 12, 2010 Certified by . Kenneth Oye Associate Professor of Political Science Thesis Supervisor Accepted by . Roger Peterson Arthur and Ruth Sloan Professor of Political Science Chair, Graduate Program Committee 1 Why some airport-rail links get built and others do not: the role of institutions, equity and financing by Julia Nickel Submitted to the Department of Political Science On October 12, 2010, in partial fulfillment of the Requirements for the Degree of Master of Science in Political Science Abstract The thesis seeks to provide an understanding of reasons for different outcomes of airport ground access projects. Five in-depth case studies (Hongkong, Tokyo-Narita, London- Heathrow, Chicago- O’Hare and Paris-Charles de Gaulle) and eight smaller case studies (Kuala Lumpur, Seoul, Shanghai-Pudong, Bangkok, Beijing, Rome- Fiumicino, Istanbul-Atatürk and Munich- Franz Josef Strauss) are conducted. The thesis builds on existing literature that compares airport-rail links by explicitly considering the influence of the institutional environment of an airport on its ground access situation and by paying special attention to recently opened dedicated airport expresses in Asia. -
Mitsubishi Electric and Zhuzhou CSR Times Electronic Win Order for Beijing Subway Railcar Equipment
FOR IMMEDIATE RELEASE No. 2496 Product Inquiries: Media Contact: Overseas Marketing Division, Public Utility Systems Group Public Relations Division Mitsubishi Electric Corporation Mitsubishi Electric Corporation Tel: +81-3-3218-1415 Tel: +81-3-3218-3380 [email protected] [email protected] http://global.mitsubishielectric.com/transportation/ http://global.mitsubishielectric.com/news/ Mitsubishi Electric and Zhuzhou CSR Times Electronic Win Order for Beijing Subway Railcar Equipment Tokyo, January 13, 2010 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Mitsubishi Electric and Zhuzhou CSR Times Electronic Co., Ltd. have received orders from Beijing MTR Construction Administration Corporation for electric railcar equipment to be used on the Beijing Subway Changping Line. The order, worth approximately 3.6 billion yen, comprises variable voltage variable frequency (VVVF) inverters, traction motors, auxiliary power supplies, regenerative braking systems and other electric equipment for 27 six-coach trains. Deliveries will begin this May. The Changping Line is one of five new subway lines scheduled to start operating in Beijing this year. The 32.7-kilometer line running through the Changping district of northwest Beijing will have 9 stops between Xierqi and Ming Tombs Scenic Area stations. Mitsubishi Electric’s Itami Works will manufacture traction motors for the 162 coaches. Zhuzhou CSR Times Electronic will make the box frames and procure certain components. Zhuzhou Shiling Transportation Equipment Co., Ltd, a joint-venture between the two companies, will assemble all components and execute final testing. Mitsubishi Electric already has received a large number of orders for electric railcar equipment around the world. In China alone, orders received from city metros include products for the Beijing Subway lines 2 and 8; Tianjin Metro lines 1, 2 and 3; Guangzhou Metro lines 4 and 5; and Shenyang Metro Line 1. -
Analysis and Evaluation of the Beijing Metro Project Financing Reforms
Advances in Social Science, Education and Humanities Research, volume 291 International Conference on Management, Economics, Education, Arts and Humanities (MEEAH 2018) Analysis and Evaluation of the Beijing Metro Project Financing Reforms Haibin Zhao1,a, Bingjie Ren2,b, Ting Wang3,c 1Ministry of Transport Research Institute, Chaoyang, Beijing, China,100029; 2Beijing Urban Construction Design & Development Group Co., Limited, Xicheng, Beijing, China,100037; 3School of Civil Engineering, Beijing Jiaotong University, Haidian, Beijing, China, 100044. [email protected], [email protected], [email protected] Keywords: metro; financing; marketisation; reform Abstract. The construction and operation of a metro system are costly, and the sustainable development of a metro system is difficult using government funding alone, particularly for developing countries. The main source for metro system financing in China is, currently, government budget and bank debt. Many cities have begun to seek new ways to attract funds from finance markets, which is increasing the need for the evaluation of metro financing. This study uses Beijing as a case study that utilises various financing modes with impressive results. As participants of the financing reform, the authors collected all the relative government documents and interviewed stakeholders to accomplish this work. This article reviews the development of financing modes for the Beijing Metro system during the last four decades and analyses the role of the government in the reformed financing system within the Chinese social political environment. The study addresses the advantages and challenges of the reforms in this context. To further analyses the technical processes of typical financing modes, the public-private partnership mode of Line 4, the BT mode of Olympic Branch Line, the insurance claim mode of Line 10 and the failure of the market oriented financing for Capital Airport Line are analysed and evaluated in detail. -
Enabling Green Mobility Key Group Figures 2020 2019 915.5 938.2 Orders Received € Mill
ANNUAL REPORT 2020 Enabling green mobility Key Group figures 2020 2019 915.5 938.2 Orders received € mill. 594.5 549.2 Order backlog € mill. Income statement data 869.7 916.4 Sales revenues € mill. 375.3 351.7 Core Components € mill. 401.8 473.2 Customized Modules € mill. 103.8 106.0 Lifecycle Solutions € mill. 123.1 105.5 EBITDA (2019 adjusted) € mill. 14.2 11.5 EBITDA margin (2019 adjusted) % 73.1 55.7 EBIT (2019 adjusted) € mill. 8.4 6.1 EBIT margin (2019 adjusted) % (14.4) (18.5) Net interest result € mill. 58.7 (56.1) EBT € mill. 20.8 (136.8) Net income € mill. 0.98 (8.32) Earnings per share € 1 8.4 (4.2) Return on capital employed % 1 12.4 (105.4) Value added € mill. Balance sheet data 2 696.2 659.2 Fixed assets € mill. 68.7 59.8 Capital expenditure € mill. 50.0 86.4 Depreciation/amortization € mill. 155.3 180.3 Closing working capital € mill. 851.5 839.5 Closing capital employed € mill. 414.5 403.6 Equity € mill. 15.9 9.4 Noncontrolling interests € mill. 307.4 321.3 Net financial debt € mill. 351.3 370.4 Net financial debt (including lease liabilities) € mill. 1,216.5 1,331.4 Total assets € mill. 34.1 30.3 Equity ratio % Cash flow statement data 112.9 39.3 Gross cash flow € mill. 56.1 12.3 Cash flow from operating activities € mill. (3.0) (15.5) Cash flow from investing activities € mill. (67.4) 28.1 Cash flow from financing activities € mill. -
Final Program of CCC2020
第三十九届中国控制会议 The 39th Chinese Control Conference 程序册 Final Program 主办单位 中国自动化学会控制理论专业委员会 中国自动化学会 中国系统工程学会 承办单位 东北大学 CCC2020 Sponsoring Organizations Technical Committee on Control Theory, Chinese Association of Automation Chinese Association of Automation Systems Engineering Society of China Northeastern University, China 2020 年 7 月 27-29 日,中国·沈阳 July 27-29, 2020, Shenyang, China Proceedings of CCC2020 IEEE Catalog Number: CFP2040A -USB ISBN: 978-988-15639-9-6 CCC2020 Copyright and Reprint Permission: This material is permitted for personal use. For any other copying, reprint, republication or redistribution permission, please contact TCCT Secretariat, No. 55 Zhongguancun East Road, Beijing 100190, P. R. China. All rights reserved. Copyright@2020 by TCCT. 目录 (Contents) 目录 (Contents) ................................................................................................................................................... i 欢迎辞 (Welcome Address) ................................................................................................................................1 组织机构 (Conference Committees) ...................................................................................................................4 重要信息 (Important Information) ....................................................................................................................11 口头报告与张贴报告要求 (Instruction for Oral and Poster Presentations) .....................................................12 大会报告 (Plenary Lectures).............................................................................................................................14 -
Infrastructure of PPP Mode in Chinese-With Beijing Metro Line As an Example Ru Yue Li Southwest Jiao Tong University, Jiao Da RD
DOI: 10.21276/sjet.2017.5.3.7 Scholars Journal of Engineering and Technology (SJET) ISSN 2321-435X (Online) Sch. J. Eng. Tech., 2017; 5(3):117-121 ISSN 2347-9523 (Print) ©Scholars Academic and Scientific Publisher (An International Publisher for Academic and Scientific Resources) www.saspublisher.com Research Article Infrastructure of PPP Mode in Chinese-with Beijing Metro Line as an example Ru Yue Li Southwest Jiao tong University, Jiao Da RD. Jinniu District, Chengdu 610031, China *Corresponding author Ru Yue Li Email: [email protected] Abstract: Public infrastructure has obvious public welfare, social than economic benefits, in the same time, the construction of the huge initial investment alone operating income during the irreparable. Therefore, it is necessary to introduce market competition mechanism in the construction of public infrastructure, and broaden the financing channels and the development of a wide range of investors. Private enterprises to participate in the construction of public infrastructure is a good way, it can effectively alleviate the shortage of construction funds situation. Keywords: PPP mode Infrastructure Beijing Metro Line. PPP MODEL as the whole process of PPP project financing, and that Situation Study in abroad during this period the government and the private sector PPP originated in the United Kingdom, from should assume a shared responsibility and risk. the development of PFI (Private Finance Initiative). It Domestic classification of PPP model is mainly taken means "private financing" and translated as "private Wang Hao approach, through the PPP model is divided finance initiative" in our country .UNDP believes PPP into qualitative analysis class outsourcing, franchising should include an informal dialogue between and privatization category . -
Interim Report 2017
IMPORTANT I. The board of directors (the “Board”) and the supervisory committee (the “Supervisory Committee”) of the Company and its director(s) (the “Director(s)”), supervisor(s) (the “Supervisor(s)”) and senior management (the “Senior Management”) hereby warrant the truthfulness, accuracy and completeness of the contents of this interim report and that there is no false representation, misleading statement or material omission in this report, for which they will assume, severally and jointly, legal responsibility. II. This interim report has been considered and approved by the twenty-fifth meeting of the first session of the Board and all the Directors attended the meeting of the Board. III. The interim report is unaudited. IV. Mr. Liu Hualong, Chairman of the Company, Ms. Zhan Yanjing, the Chief Financial Officer and Mr. Wang Jian, the head of accounting department (person in charge of accounting affairs), hereby state to guarantee the truthfulness, accuracy and completeness of the financial report in the interim report. V. The Company does not have any proposal on profit distribution or transfer of capital reserve fund during the reporting period considered and approved by the Board. VI. Disclaimer for forward-looking statements This report contains forward-looking statements that are based on subjective assumptions and judgements on future policies and economic trends and are subject to a variety of uncertainties. The actual results or trends may differ from these forward-looking statements. Investors should be aware that the forward-looking statements included in this report in relation to future plans, development strategies, etc. do not constitute any substantive commitment to investors by the Company. -
China's Newest
THE INTERNATIONAL LIGHT RAIL MAGAZINE www.lrta.org www.tautonline.com SEPTEMBER 2017 NO. 957 CHINA’S NEWEST LRT: WIRE-FREE IN WUHAN Is there a crisis in maintaining US rail infrastructure? Sidi Bel Abbès: Algeria’s 4th tramway Essen and Mülheim merge operations End of the road for Kramatorsk’s trams UK Conference Sydney 09> £4.40 ‘Follow the money, Celebrating the life of sell the benefits’ a once-great tramway 9 771460 832050 4 October 2017 Entries open now! t: +44 (0)1733 367600 @ [email protected] www.lightrailawards.com CONTENTS The official journal of the Light Rail Transit Association SEPTEMBER 2017 Vol. 80 No. 957 www.tautonline.com 341 EDITORIAL EDITOR Simon Johnston E-mail: [email protected] 13 Orton Enterprise Centre, Bakewell Road, Peterborough PE2 6XU, UK 324 ASSOCIATE EDITOR Tony Streeter E-mail: [email protected] WORLDWIDE EDITOR Michael Taplin Flat 1, 10 Hope Road, Shanklin, Isle of Wight PO37 6EA, UK. E-mail: [email protected] NEWS EDITOR John Symons 17 Whitmore Avenue, Werrington, Stoke-on-Trent, Staffs ST9 0LW, UK. E-mail: [email protected] SENIOR CONTRIBUTOR Neil Pulling WORLDWIDE CONTRIBUTORS 316 Tony Bailey, James Chuang, Paul Nicholson, Richard Felski, Ed Havens, Bill Vigrass, Andrew Moglestue, NEWS 324 S YSTEMS FACTFILE: BOGESTRA 345 Mike Russell, Nikolai Semyonov, Vic Simons, Herbert New tramlines in Sidi Bel Abbès and Neil Pulling explores the Ruhr network that Pence, Alain Senut, Rick Wilson, Thomas Wagner Wuhan; Gold Coast LRT phase two ‘90% uses different light rail configurations to PDTRO UC ION Lanna Blyth complete’; US FTA plan to reduce barriers to cover a variety of urban areas. -
2019 Annual Results Announcement
B_table indent_3.5 mm N_table indent_3 mm Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3898) 2019 ANNUAL RESULTS ANNOUNCEMENT The board of directors (the “Board”) of Zhuzhou CRRC Times Electric Co., Ltd. (the “Company” together with its subsidiaries, the “Group”) is pleased to announce the audited results of the Group for the year ended 31 December 2019. This announcement, containing the main text of the 2019 annual report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of annual results. The 2019 annual report of the Company will be despatched to the H-Share holders of the Company and will also available for viewing on the website of the Stock Exchange at http://www.hkex.com.hk and on the website of the Company at http://www.tec.crrczic.cc on or before 30 April 2020. By order of the Board Zhuzhou CRRC Times Electric Co., Ltd. Li Donglin Chairman Zhuzhou, China, 27 March 2020 As at the date of this announcement, our chairman of the Board and executive director is Li Donglin, our vice chairman of the Board and executive director is Yang Shouyi, our other executive directors are Liu Ke’an and Yan Wu, our non-executive director is Zhang Xinning, and our independent non-executive directors are Chan Kam Wing, Clement, Pao Ping Wing, Liu Chunru, Chen Xiaoming and Gao Feng.