中集天达拟斥资3.8亿全资收购消防车企业上海金盾

中集“蓝鲸一号” 荣获“中国工业大奖” 中集“蓝鲸一号”

中集前三季度营收669亿元同比增长24%

化烯/乙烷运输船订单 / 液化乙烯 www.cimc.com

集瑞获300立方米 38000 中集安瑞科获 2018 年 12 月 总 第 224 期 期 224 第 总 月 12 年 2018

CIMC Enric secures an order for a 38,000-m3 LEG carrier December 2018 Total No. 224

CIMC announces a 24% YOY increase to 66.9 billion yuan in the first 9 months www.cimc.com Blue Whale One wins Chinese Industrial award CIMC-TianDa to solely take over Shanghai Jindun at 380 million yuan

C M CI of s new

t s Scan to view the late the view to Scan 关注集团官方微信 中集大事早知道 目录︱ CONTENTS

CIMC Today Issue No. 224 CONTENTS 《今日中集》是中集集团编印的季 度通讯。欢迎积极投稿，并提出您 的意见和建议。 CIMC Today is published quarterly by 01 Preface CIMC. 22 CIMC Raffles and MHWirth jointly establish a drilling simulation lab to cultivate offshore drilling talents ︱ Editor-in-Chief 02 News updates 主编 李 勋︱ Li Xun 23 CIMC Raffles and China Yantai Salvage enter a contract on the construction of a rescue and salvage ship New Year Speech by CIMC President Mai Boliang 24 CIMC Raffles to build the Asia’s largest 2+2 ro-ro ship for and Bohai Ferry Group ︱ Executive Editor-in-Chief 执行主编 王彦妮︱ Wang Yan Ni 25 First steel cut for Nordlaks’ Havfarm 1 Group ︱ Editor 26 Blue Whale One wins Chinese Industrial award 编辑 05 CIMC and Sumitomo enter into a strategic cooperation 邓中昆︱ Deng Zhong Kun agreement 顾姗姗︱ Gu Shan Shan Logistics 罗 欢︱ Luo Huan 06 CIMC announces a 24% YOY increase to 66.9 billion yuan in the 吴良洁︱ Wu Liang Jie first 9 months 27 CIMC’s one-for-all model solves the small batch LNG transportation problem 孙霜婷︱ Sun Shuang Ting 08 CIMC and Tusholdings enter into a strategic cooperation 28 CIMC Logistics is rated as one of China’s best 10 Logistic Enterprises again 陈璐琦︱ Chen Lu Qi agreement 甘应鑫︱ Gan Ying Xing Airport Facilities ︱ English Editor Container 英文编辑 张梦琳︱ Zhang Meng Lin 28 CIMC-TianDa wins three bids for building air cargo warehouses 09 CIMC shows at Intermodal Europe 2018 29 CIMC’s firefighting trucks to serve Annual APEC Economic Leaders’ Meeting Road Transportation Vehicles 30 CIMC-TianDa to solely take over Shanghai Jindun at 380 million yuan ︱ Registration No.: 31 CIMC-TianDa boarding bridge rated as “Niche Champion Product in Manufacturing Sector” 登记证号 10 CIMC Vehicles files a going public application to SEHK 粤内登字 B 第 10163 号（内部发行） Yue Nei Deng Zi B No. 10163 11 CIMC Vehicles shows and sells over 1,700 vehicles at the 4th (Internally distributed) Guangzhou International Commercial Vehicle Exhibition Finance

12 CIMC Vehicles awarded certificate for integration of 32 CIMC Leasing awarded China Financial Leasing Excellent Organization Prize ︱ Sponsor informatization and industrialization 主办 中国国际海运集装箱（集团）股份 32 CIMC Finance puts the commercial paper exchange directly connecting system into operation 13 CIMC Huajun rated as national green factory 有限公司 China International Marine Containers (Group) Co., Ltd. Energy, Chemical and Food Equipment Other Services

︱ Edit 13 CIMC Enric signs the contract to handle landfill leachate for 33 First CIMC-built modular building in the US opens 编辑部 Xuancheng City, Anhui Province 地址︱ Add: 34 CIMC SSC makes 114 intelligent traffic surveillance passages of HZMB much smarter 深圳蛇口港湾大道 号中集集团 2 14 CIMC Enric secures an order for a 38,000-m3 LEG carrier 35 C&C Trucks succeeds in serial delivery of 40 LNG dumpers 研发中心 CIMC R&D Center, No. 2, Gangwan 16 CIMC Enric successfully delivers the world’s first set of 65MW Avenue, Shekou, Shenzhen large ship exhaust gas scrubber 电话︱ Tel: 0755-26802729 17 CIMC Enric builds China’s largest fully automatic LNG filling 邮编︱ Postal code: 518067 platform 36 Media Comments 邮箱︱ Email: [email protected] 18 CIMC Enric’s tank containers ensure the successful transportation of natural gas from south to north 36 [Shenzhen Special Zone Daily] CIMC strides along the way of global innovation through persistent transformation and upgrading efforts 20 CIMC Enric awarded the honorary title and certificate of “Niche Champion Enterprise in Manufacturing Sector” 38 [South Reviews] Mai, a Chinese “industrial entrepreneur” and his philosophy 内部资料 免费交流 42 [Peoples’ Daily] illustrates China’s reform and opening-up success with Siemens and CIMC stories Internal materials for free exchange Offshore

21 CIMC Raffles to design a self-elevating accommodation vessel for BP Preface

The year of 2018 marks the 40th anniversary of CIMC’s formal production. 36 years ago, CIMC was established at Shekou, Shenzhen and endowed with marketization and internalization genes; 36 years later, CIMC has grown into a diversified multinational industrial group. Holding high the banner of operating philosophy of creating new value for customers, the 36-year-old CIMC will keep run forward and forever.

Thanks to the intensified efforts in the transformation and upgrading, CIMC made exceptionally brilliant business performances in 2018: CIMC Container unveils the world’s first futuristic container product for long-distance transportation in extremely low temperature; CIMC Vehicles launched central axle car carriers, delivered intelligent refrigerated semitrailers, and took solid steps forward on the way to upgrading its manufacturing businesses by shifting from automatic and sophisticated manufacturing to digital and flexible manufacturing; CIMC SOE delivered the world’s most advanced LNG carrier and won the world’s first VOC module order; CIMC Enric entered into rapid development stage by making best use of the rising demands for natural gas equipment on global markets; CIMC- TianDa purchased a part of equity interest of Shenyang Jietong, lifting its firefighting equipment business to a higher level; the Blue Whale One, which was designed and built by CIMC Raffles, was named the winner of China’s top industrial award; CIMC Modular Building delivered more and more hotels, apartments in the UK and the US, and the advantage of modular buildings won universal praise.

But these are not all the highlights. Amidst the revolutionary changes in traditional manufacturing businesses both at home and abroad, CIMC has not only motivated to adapt to such changes, but also incorporated a series of forward-looking measures and approaches such as intelligent manufacturing, intelligent logistics, innovations and start-ups into its revolution blueprint. CIMC Logistics was rated as one of China’s Best 10 Logistics Enterprises, the highest honor in Golden Pegasus Awards, and won the honorary title as one of China’s Top 100 Logistics Enterprises (Brand Value) again, CIMC Intermodal and its start-up peers were proud to see their business performances rising…

On the road of transformation and upgrading, CIMC has joined hands with Deloitte, SAP and other world famous enterprises to pool together their advantageous resources and carry out in-depth and strategic cooperation in multiple fields.

This is our portrait of the CIMC 2018, and we will continue the efforts in 2019 and entertain our readers with inspiring stories about significant accomplishment of the whole Group.

Editorial Office of CIMC Today 集团动态︱ News Updates

There are two important moments for an enterprise: the birth, and the Resolute in Globalization and Confident in New Era understanding of —— New Year Speech by CIMC President Mai Boliang reasons behind the birth. For me, CIMC was born to be at the world championship level.

Colleagues, friends, ladies and gentlemen, strides one after another in different With Enric’s refrigerated LNG tank awarded the fifth China Grand Award for Public Security Fire Corps of Guangdong completed in the factory, a record in the business segments and enterprises both at containers and Anjiehui’s intermodal cargo Industry. As the top award in industry, the Province. company’s history. In particular, the world’s Greetings to you all! The dawn of the New home and abroad. transportation solutions and after-sales China Grand Award for Industry was set up first modularized permanent building for Year is coming, and we’ll have a fresh start warranty system, CIMC fully participated upon the approval of the State Council and CIMC restructured its Airport Facilities’ the data center, which was jointly developed for the year ahead. As we usher in 2019, CIMC Container’s “Flying Dragon in the south-to-north transportation of represents the country’s highest industrial business. It became the majority shareholder by CIMC and Huawei, was capped with a on behalf of the board of directors and Programme” has made initial success. natural gas produced by China National development level. of China Fire Safety Enterprise Group premade modular roof at Songshanhu Park. the management of CIMC Group, I would Through, “informatized” and “intelligentized” Offshore Oil Corporation, and contributed to Limited (CFE) and changed the name of CFE The standardization of modules, integration like to extend my New Year wishes to the upgrading of manufacturing techniques, the breakthrough in the LNG transportation CIMC Logistics adhered to the cross-border to CIMC-TianDa Holdings Company Limited of equipment and ocean shipping paved 50,000 CIMC employees worldwide, and to we laid solid foundation for leapfrog model. CIMC SOE successfully delivered whole-process logistics strategy with the to create a more independent capital a new fast track for the construction of customers, leaders and business partners development of the container business S1027 – the second LEG carrier at the combination of equipment and service as operation platform. It also successively intelligent cities. that have been fostering and supporting the in the future. In 2018, the independent world’s most advanced level, and its the core, established and expanded network acquired Shenyang Jietong and Shanghai development of the Group. thermo-regulated containers were largely building of another three 22,000-m3 LEG in countries and regions along “One Belt, Jindun to consolidate its leading position CIMC Intermodal Transportation, an used for China Railway Express; with zero went smoothly. The newly restructured One Road”, and began to offer cross-border in domestic firefighting truck industry and outstanding start-up enterprise, saw its 2018 saw the start and escalation of China- energy consumption and zero pollution, company is operating in full swing and with E-commerce logistics service. Its innovative make preparation for accessing to a wider business revenue exceeding 1 billion yuan US trade frictions, the uncertainties in global the world’s first futuristic container product exciting prospect. Shell’s first LNG refueling “one-for-all” model completely solved the global market. in the third year. In addition to the doubled businesses and trades, and the important enabled regular cargo transportation in station, which was independently designed small batch LNG transportation problem and business revenue and the synchronously and far-reaching changes in domestic and extremely low temperature. and built by CIMC Sanctum, was put into enabled CIMC to access to the big market CIMC Industry & City implemented increasing profit, the company’s intermodal foreign circumstances. At the same time, formal operation in Belgium. It embraced in the transportation of imported LNG with many projects such as the Shenzhen transportation network with railway as the thanks to the steady economic growth “Lighthouse Plant”, an intelligent the application of a number of cutting- tank containers. headquarters base, Shanghai CIMC Wise core began to take shape, wand it operated in the whole world, in particular, the manufacturing upgrading programme of edge technologies such as zero emissions City and Shenzhen Intelligent Park and over 20 trains for inland transportation. strong performance in the fundamentals CIMC Vehicles, was used by production of natural gas and unmanned operation for CIMC Finance achieved rapid development made breakthroughs in first-tier cities. It of the US economy, the growth in world’s facilities in Yangzhou and Zhumadian the first time in the world’s LNG refueling in industrial chain finance such as the is now working hard to be an “industrial Besides business breakthroughs, container trade and in China’s export were after improvement. The innovative model station construction history. buyer credit business, and provided park operation specialist”. Committed to CIMC has formulated and clarified its not significantly impacted. In this context, made the mass production of semitrailers massive support for the healthy business manufacturing heavy-duty trucks fueled development strategies and improved China’s economy registered a stable by automatic, flexible and digital means Making best use of the significant development of the Group. It successfully by natural gas, C&C Trucks delivered the its ability development performance and performance with good momentum for possible, and it was highly recognized by opportunities to replace old growth drivers completed the capital increase of 650 first batch of LNG dumpers to its Shenzhen management level. growth. the industry. It is noteworthy that a couple with new ones, CIMC Raffles achieved million yuan, which underpinned the client, launched lightweight mixer with of days ago, significant progress was made breakthrough in production-oriented implementation of the strategy to obvious advantage in Guangdong, and On June 13, General Secretary of CPC 2018 has been a full and fruitful year, and we in CIMC Vehicles’ application to go public equipment, consolidated its leading position integrate manufacture, service and finance. raised its market shares across the country. Central Committee Xi Jinping visited approached it with joint efforts from over on the main board of the Stock Exchange in aquaculture equipment industry, made CIMC Financing & Leasing deepened CIMC Modular Building completed the Yantai Manufacturing Base of CIMC Raffles, 50,000 employees worldwide. of Hong Kong Ltd. After the application is progress in offshore recreational equipment, the integration between industries and 30,000-m2 hotel/office building project heard report on the company’s efforts in approved, CIMC Vehicles will establish an and expanded its business from traditional financing operations, with big increase less than 100 days, fully illustrating the independent design, R&D and manufacture Your hard work is very much appreciated. independent, persistent, stable and efficient oil and gas equipment to diversified fields. in the vehicle lease business. Based essence of “CIMC Speed”. Recently, it has of high-end offshore equipment and its You are the heroes! And I am proud of you. capital operation platform and become the Its offshore kitchen platform special for on the innovative solutions to the lease successfully installed the modules for IBIS independent innovation achievements, and fourth independently listed company after SCO Qingdao Summit delivered exceptional of firefighting trucks, CIMC will specially Hotel with fully preinstalled glass curtain encouraged the company to achieve further Over the past year, we have made great CIMC Group, Enric and CIMC-TianDa. performance, and its Blue Whale One was produce and lease fighting trucks to the walls to the sixth floor, with 95% of modules breakthroughs.

02 CIMC today CIMC today 03 今日中集 今日中集 集团动态︱ News Updates

At the beginning of 2018, CIMC won the pilot enterprises, the centralized financial changes in logistics industry, upgrading second prize of the National Scientific information system of the Group began of consumption, new economy, and CIMC and Sumitomo enter into a and Technological Progress Award for to take shape; in November, with the intelligentization tendency, so that we its co-researched programme of “Key successful launching of the ERP systems for can find potentials for business growth. strategic cooperation agreement Technologies for the Lightweight Design pilot enterprises under the Container and We need to take the innovation-driven & Manufacture of Heavy-duty Pressure the Energy, Chemical and Food Equipment businesses as our new business growth Vessels and their Engineering Applications” Segments after 8 months, the integration points, so that we can maintain the growth in the 2017 State Preeminent Science and between business units and the finance momentum and quality. Technology Award Conference. management department came true. The success of the “New Silk Road Programme” 8 years ago, CIMC launched the upgrading The top leader’s speech on independent directly matters to the transformation campaign and came up with the slogan of innovations is inspiring. National Scientific and upgrading of the Group, so it is a far- “contributing to CIMC’s transformation, and and Technological Progress Award is not reaching revolution for us. I am pleased ushering in CIMC’s new era”. Over the past about the medal and certificate, but the to note your steadfast determination and few years, I have clearly sensed that the new economic and social benefits. To become openness to changes, and most important era has come: the business segments have more competent and achieve higher quality of all, your dedication and commitment. made explosive and continuous growth in growth, CIMC must develop its own core business volume and revenue, the teams technologies. In 2018, the Group shifted its “In speed a thousand ships race ahead; in working at the frontline of businesses have scientific and technological development speed a hundred barges sail vie forward”. given full play to their vitality, the business focus to: the creation of products at In 2018, CIMC officially launched the 100 leaders have stood out with extraordinary championship level, the Internet of Things, Talents Entrepreneurship Programme. enthusiasm for innovations and start-ups, the integration of intelligentization and With “right people, good programme and and in particular, preparations for a stable industrialization, the launch of further study favorable mechanism” as the core idea, 100 billion yuan business with quality programme for scientific and technological we initially completed the explorations growth have been basically finalized. innovation pioneers, and the construction of of new business incubation models an ecological system favorable for scientific featuring the combination of investment CIMC will not stop its transformation in Sumitomo and technological innovations. and empowering and the start-up talent 2019. We will continue to push forward cultivation mechanism, invested in 3 the transformation process, optimize the There are two important moments for an projects, delivered 6 trainings to candidates management and control systems and enterprise: the birth, and the understanding participating in the first speed-up campaign, mechanisms, improve the headquarters’ of reasons behind the birth. For me, CIMC and established the mentoring system. ability in capital operation and strategic was born to be at the world championship Through the Programme, on one side, we management and control, encourage level. In 2018, we mapped out the strategy promoted the practice of entrepreneurship innovations and start-ups, add core team to create world championship products for culture and fired more staff’s enthusiasm member to the board of directors, and the first time, and picked out 20 “world for start-ups; on the other side, we showed perfect the “common cause” management champions” that contributed to about 60% the opening-up and developing image of mechanism. of the Group’s sales revenue and 70% of the Group and made efforts to build an profits. It is of significant importance for ecological system favorable for start-ups 2018 marks the 40th anniversary of China’s us to improve the profit margin and create and innovations by working together with reform and opening-up. CIMC is proud to more championship products in the future. external resource platforms. be a part of this unprecedented course. And this fits well in the central government’s When CIMC progresses into a new period, call for the transformation and upgrading of In 2019, the internal and external it fits in with the new era of China’s the industry. In 2018, the Ministry of Industry uncertainties will continue to build up, and development; when CIMC embraces The first Sino-Japan Third Party Cooperation the advantages in making best use of land machines as the core at the top of their and Information Technology announced the the economic and economic pessimism will innovative approaches, it closely follows the Forum opened in Beijing on October 26, resources, reducing labor intensity, avoiding development agenda”, said a responsible list for the third group of niche champions be on the rise. The global economy will world’s trend towards development. As an and saw a number of contracts signed for cargo damages or losses, eliminating person of CIMC, “this is what binds CIMC and in manufacturing sector. CIMC Tank was pick up and differentiate, the trade wars enterprise of the era and for the era, CIMC the cooperation on significant projects errors, raising automatic warehousing Sumitomo together.” awarded the honorary title and certificate of across the world will remain to be the most will embrace dreams and work tirelessly for between the two countries. As an important and management levels, improving the “Niche Champion in Manufacturing Sector” important risk factor, the economic growth a more prosperous and beautiful future. part of such cooperative attempts, CIMC quality of management staff and operators, In addition, CIMC’s world-leading industrial for its stand tank containers, and CIMC- in Europe and Japan will slow down, and and Sumitomo Corporation entered into a lowering storage and warehousing losses, manufacturing advantages, its profound TianDa boarding bridge was rated as “Niche some emerging economies will suffer debt New CIMC has begun to write a new chapter strategic cooperation agreement, aiming to efficiently cutting the wasting of available understanding and insights of global Champion Product in Manufacturing Sector”. and exchange rate crisis. in its history – a chapter that is worthy complement each other and carry out deep funds and increasing logistics efficiency, markets and timely sharing of information Previously, CIMC Raffles was named “Niche of trust and anticipations from customers, cooperation on intelligent and high-speed the intelligent and high-speed warehousing about the demands for new technologies Champion in Manufacturing Sector” for its Impurity disappears, and gold shines. Over investors, employees and the public. I am warehousing system. system will meet the demands of different and products on global automatic logistics semi-submersible drilling platforms. decades, CIMC has been competing on confident that in 2019, we will do a better countries and embrace high potential for system market, are also important factors for major markets in the world. Therefore, job. CIMC has launched the “New Silk Road the above-mentioned bad news may be The intelligent and high-speed warehousing commercialization in the context of high the conclusion of the deal. Programme” to create new value. During a blessing in disguise. It is our inevitable As we ring in the New Year, I wish you great system plays a crucial linking role in the labor and land costs. the crucial stage in the Group’s digitalized choice to embark on the journey of health, happiness and prosperity. whole intelligent logistics system, and it The responsible person said “CIMC and and intelligentized transformation, CIMC globalization for sustainable development. mainly comprises inbound and outbound “In consideration of such advantages, Sumitomo are both leading enterprises with made significant phase progress in its We should remain resolute and confident Thank you! delivery system, information identification the whole world is now busy with the tremendous influence in their respective “New Silk Road” “ERP Programme”: in in the choice, stick to it, and further system, automatic control system, computer development of businesses of intelligent fields. In the face of 100 billion yuan market, August, with the successful launching of improve our business layout. On domestic monitoring system, computer management and high-speed warehousing system. the two groups will integrate respective the financial modules for the first group of market, we need to have a closer look at system, stereoscopic warehousing The relevant enterprises all take the resources on a complementary basis and equipment, high-speed sorting equipment comprehensive solutions of automatic achieve satisfactory results in exploiting and automatic convey equipment. With logistics system with high-speed sorting global warehousing markets.”

04 CIMC today CIMC today 05 今日中集 今日中集 集团动态︱ News Updates

volume for 23 years in a row, will get onto positive attitude and appropriate measures contributed to the sales volume growth. CIMC announces a 24% YOY increase to 66.9 billion yuan the fast track to automation, informatization, in the face of difficulty. By focusing on digitalization and green development. core businesses, paying more attention to CIMC Offshore remained in deficit in the in the first 9 months the quality of businesses and improving first 9 months due to continued industrial The Vehicles Segment continued its good efficiency and profitability, it has provided growth slowdown. However, with the oil business growth performance in the first 9 abundant multi-route logistics solutions on price continuously going up, the global months, and achieved business revenue of domestic and foreign markets and gained offshore engineering market continued 17.618 billion yuan, a year-on-year increase confidence and trust of more and more to grow and recover. In this context, CIMC of 20.21%. On domestic market, positively clients. Raffles has seen the rise in activated orders impacted by further and stricter control and newly secured orders, for example, of oversize and overload transport, the The Airport Facilities Segment achieved big it won the bid for building a rescue and Vehicles Segment has seen big rise in the increase with sales income rising 46.45% salvage ship of pile-inserting type for China net profit attribute order for car carriers though the demands year-on-year to 2.824 billion yuan. In the Yantai Salvage in August. Cumulatively, for trade-in of logistics semitrailers has first half, it made a big move on capital the value of contracts activated in the 2,317 million slowed down. In addition, the increase in market. CIMC-TianDa became another first 9 months reached 290 million dollars YOY increase to infrastructure projects and other fixed asset independent financing platform of the (1.95 billion yuan), and it is expected that investments has further boosted demands Group and embraced the product portfolio the value of newly activated contracts in for construction vehicles. On overseas of airport facilities, firefighting trucks and October will amount to 150 million dollars announces a 76.96% markets, the robust economic growth in the rescue equipment, automatic logistics (1 billion yuan). US has increased the demands for skeletal equipment, and intelligent parking system. 24% shipping semitrailers, while the impressive CIMC Raffles also made exception YOY increase to economic growth in Europe has stimulated In the first 9 months, the Airport Facilities performance in terms of business the demands for vehicle products. Segment grew steadily: its market operations. In July, the construction of No. development and production facility 10 Penguin Project (floating oil production 66.9 billion yuan CIMC Vehicles is now in the process of construction in the US went smoothly, and storage and offloading equipment, contract in the first 9 months transitioning to fully digital production. It its firefighting trucks and rescue equipment value: 180 million yuan) kicked off; in saw the formal operation of two “lighthouse” business further extended to more regions August, Illusion Plus, the biggest superyacht production facilities – Yangzhou Tonghua and the product line-up further expanded. in Asia built by Pride Mega Yachts, set off and Zhumadian Huajun in 2018 after CIMC-TianDa respectively announced in on its maiden voyage from Shenzhen to the the one based in Dongguan started its July and October that it would acquire a Monaco Yacht Show. digital production earlier. The upgrading 60% stake in Shenyang Jietong and buy has tremendously changed traditional out Shanghai Jindun to enhance its market In the first 9 months, CIMC Industry & City’s production and management patters, coverage in the northern part of the country projects went pretty smoothly: in August, it greatly improved production efficiency, and East China; with the adoption of core and Country Garden successfully acquired and enabled the company to better meet technologies such as automatic sorting, the Paotuan Block in Qilin District of Qujing demands of clients. the Segment had its integration ability of City; in September, it acquired 8 blocks automatic logistic system further improved, for business-living and for office purposes won orders from airports and express at Unit 02, Luomei Jiayuan, Shanghai. On CIMC launched the Q3 2018 earnings report escalates, yet the US does not cut its import The Energy, Chemical And Liquid Food Three major business delivery e-commerce service providers and March 21, CIMC laid foundation stone for on October 29. Due to the steady economic of containers since about 95% of containers Equipment Segment, the third largest enhanced its profit-making performance; its Qianhai upstream project (Phase I); on growth in the whole world and the stable segments earning about are produced in China. At the same time, the business unit of the Group, will be the third the Segment also took lead in passing the September 30, it held ground-breaking performance with good momentum for steady increase in the container shipment segment that earns more than 10 billion 10 billion yuan grow certification of automatic parking system for ceremony for the Qianhai upstream project. growth in China, revenue of the whole has stimulated container consumption, and yuan in 2018. Thanks to continuous oil new-energy buses and is now working on a In addition, Shenzhen Shekou Taiziwan block Group was 66.906 billion yuan, rising satisfactorily as expected clients have maintained strong ability in prices on international markets and positive pilot program in Shenzhen. was listed on August 31, and a subsidiary of 23.99% year-on-year; net profit attributable the purchase of new containers. Thanks to impact of proactive policies adopted by CIMC has made a bid. to shareholders of the parent company and Container and Vehicles, the two largest these feel-good factors, CIMC’s Container the central government, the Segment C&C Trucks sold 6,858 vehicles in the to other stakeholders was 2,317 million business segments of the Group, continued Segment achieved total revenue of 24.625 benefited from continuously rising demands first 9 months, a year-on-year increase of CIMC’s Finance Segment has further yuan, increasing 76.96% year-on-year. The to go forward on the right track during the billion yuan, a year-on-year increase over and received larger orders, and achieved 12.26%, and achieved business revenue of strengthened the integration of its report revealed that a large number of major first 9 months and reported total revenue 36.58%, in which the cumulative sales of business revenue of 9.852 billion yuan in 2.075 billion yuan, a year-on-year increase financial business with industries. In the business segments under the Group, such of more than 42 billion yuan, representing dry containers amounted to 1,208,000 TEU, the first 9 months, a year-on-year increase of 16.31%. According to the analysis in first 9 months, the total amount of newly as the Container, Vehicles, Energy, Chemical about 60% of the Group’s revenue. Also a year-on-year increase of 24.63%, and the of 17.59%. the quarterly report, the increase in the increased financial investments exceeded and Food Equipment and Airport Facilities, the revenue of Energy, Chemical and Food cumulative sales of refrigerated containers sales volume of construction vehicles 9.86 billion yuan. At the same time, it continued the growth momentum in the Equipment Segment reach near 10 billion amounted to 116,200 TEU, a year-on-year Airport Facilities, Logistics, and heavy-duty natural gas trucks are continuously enlarges the categories of first 9 months. yuan. It is noteworthy that CIMC continues increase of 72.66%. Heavy-duty Trucks and other mainly attributable to the steady growth financial products, for example, it obtained to increase its investments in these three in the investments in fixed assets such the permission to carry out derivatives business segments for upgrading its Industrial insiders predict that in 2018, Segments are growing steadily as the construction of infrastructure, and transactions on behalf of clients in July. manufacturing performance based on the world’s container trade and container the stricter implementation of national And it has been effectively reducing the information and digital technologies, which shipping capacity will remain to grow CIMC Logistics achieved business revenue environmental protection policies. At the foreign currency transaction costs of the has demonstrated the Group’s determination at relatively high speeds, so container of 6.303 billion yuan in the first 9 months, same time, C&C Trucks has developed Group, giving full play to industrial synergy, to fully shift its manufacturing to “intelligent demands will continue to stay at a better a year-on-year increase of 7.13%. Though a number of vehicles launched R&D expanding buyer’s credit businesses factory”. level throughout the year. With further the China-US trade friction continuously programs special for dumpers, LNG harbor and contributing to the improvement of investment in resources, the Container escalated and the logistics service prices vehicles and coal vehicles to respond to comprehensive advantages of different As for containers business, though the Segment, which has ranked first place were relatively low, the Segment has taken regional market changes, and this has also industries. China-US trade friction continues to worldwide in terms of output and sales

06 CIMC today CIMC today 07 今日中集 今日中集 集团动态︱ News Updates

CIMC and Tusholdings enter into a CIMC shows at Intermodal Europe 2018 strategic cooperation agreement

The Intermodal Europe 2018 opened at AHOY businesses by centering on such hot topics as Rotterdam, Netherlands on November 6. With intelligent harbor, automatic terminal, global the organization of Container Segment, CIMC digital supply chain, container operation Xinhui, Taicang-Nantong production facility, platform, the Internet of Things and AI Yangzhou production facility, Qingdao CIMC technologies. Special Reefer Co., Ltd and CIMC Dalian jointly showed at the Fair. At the Fair, CIMC has fully demonstrated its brand image and manufacturing strength, Intermodal Europe 2018 focuses on carried out in-depth communication with technological innovations based on products clients from different countries and laid and services and showcases new technologies solid foundation for further cooperation. At and products associated with the container the Fair, a number of European clients gave and intermodal industries across the world, greater recognition and comment for CIMC’s such as container manufacturing, intermodal brand influence and its manufacturing and equipment service and harbor shipping. It service strength. It is believed that CIMC and also invites industrial experts and enterprise its business partners will jointly create new leaders for on-site discussions about the value in future cooperation. development trend of global intermodal

CIMC and Tusholdings Co., Ltd entered Tusholdings enjoys superior status in the As an investor with great strength, into a strategic cooperation agreement on scientific and technological service field. Tusholdings has developed and improved November 13. According to the agreement, Tusholdings Star, a brand under the group, its industrial investment competence in the two sides will give full play to their has established over 100 incubation bases scientific and technological service field. respective advantages and cooperate in China and become a start-up incubator Over the years, CIMC has focused on the on innovative and start-up businesses, with the most comprehensive offline coverage industrial development and improved its industrial agglomeration, strategic network. With Tusholdings’ extensive expertise capital operation performance by initiating investments and capital operations, improve in channels, cultivation, investments and and establishing VC funds and industrial overall strength and achieve win-win and empowering of projects and CIMC’s solid funds. The two sides will focus on the common development. industrial foundation and significant industrial industrial fields of common concern and influence, the two sides can jointly create explore the possibility to support the Dependent on the resources of Tsinghua theme-based start-up camps, organize development of emerging scientific and University, Tusholdings is a scientific and road shows and hold industrial cooperation technological industrials such as intelligent technological investment and shareholding conferences, find projects with high logistics through capital operations. group and the development, construction investment potential, and by giving full play and operation management unit of TusPark. to their advantages in industries, technologies, The two sides will work together to It has creatively developed the cluster-based channels, spaces and consultation services, continuously widen cooperation fields and innovation model that integrate “scientific empower innovative and start-up projects thoughts, improve their social influence and parks, scientific industries and scientific and provide relevant incubation services, achieve win-win and common development finance” and been rated as a leader in the and supports and fosters the development of by fully integrating advantageous recourses scientific and technological service field. emerging industries. and innovating models.

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CIMC Vehicles files a going public application to SEHK CIMC Vehicles shows and sells over 1,700 vehicles at the 4th Guangzhou International Commercial Vehicle Exhibition

On November 16, the 4th Guangzhou about 40% of the total sales on domestic trailers, plate semitrailers and central axle International Commercial Vehicle Exhibition market.” van trucks under the “Sail Further” brand opened at China Import and Export Fair were exhibited at the conference. The “Sail Pazhou Complex. The 4 factories of CIMC According to Sun, on the first day Further” branded products feature nice Vehicles exhibited 11 star vehicles models CIMC Vehicles exhibited the products coating, abrasion and corrosion resistance, and sold 1,700 vehicles at the Fair. manufactured by its “lighthouse plants”, over lightweight designs, higher loading capacity 1,700 vehicles were sold within 15 minutes, and faster speed, in particular, extremely According to the statistical data of China and the sales of nearly 800 vehicles were high intelligence. Automotive Technology & Research Center finalized in letters of intent. “With digital Co. Ltd, domestic semitrailer market was and modular designs, automatic production Li Gui Ping, Vice Chairman of China pretty gloomy in the first half of 2018, with manners, digital management approaches Association of Automobile Manufacturers the sales volume of the whole industry and energy-efficient and eco-friendly and CEO and President of CIMC Vehicles, dropped by 34.5%. “Actually, there was features, the ‘lighthouse plants’ are proud of noted that the intelligentization is the a buffer period in the development of their national advanced and world-leading development trend of vehicle technologies. domestic semitrailer industry due to the digital special-purpose vehicle production Over the years, the company has eliminated release and implementation of relevant lines. This gives us a head start during the backward production platforms and national policies, but this has little impact transformation and upgrading of the whole made tremendous efforts to construct on our sales. On the contrary, since we industry”, said Sun, “our products meet an intelligent semitrailer production have positively answered the call of central the requirements provided in the newly platform. As an independently researched government for the control of oversize and released national standard and the personal and developed brand, “Sail Further” has overload car carrier transport by law, we demands of clients, so they are popular on embodied CIMC Vehicles’ ambition to re- have seized the historical opportunities, markets.” construct its global operation system of made earlier preparations and achieved semitrailers, and it is the right way for the successful transformation and upgrading”, At the Fair, CIMC Vehicles also held a company to achieve quality growth and the said Sun Chun’an, General Manager of CIMC grand ceremony to its “Sail Further” brand multi-win choice for the company to lead On December 27, CIMC, a group dually-listed public operations. platform. Therefore, the financial affairs of Vehicles’ Southeast China Sales Center, “it is and a new product launch conference. the industry towards the development and on both the A-share market and H-share other businesses retained by the Group and estimated that we will sell 14,000 central Intelligent dumpers, curtain side trucks, manufacturing of medium- and high-end market, announced that its controlled At the same time, the spinoff and going of the vehicles business will be handled in axle car carriers this year, accounting for 45ft/40ft skeleton semitrailers, platform products. subsidiary CIMC Vehicles (Group) Co., Ltd. public proposal all related to CIMC Vehicles’ a more flexible way, which will improve the (CIMC Vehicles) have officially filed an IPO of H shares and going public on the SEHK. ability of the Group and CIMC Vehicles to application to the Stock Exchange of Hong If the spinoff and going public proposal is maintain steady cash flow and to develop in a Kong Ltd. (SEHK) for independently going finally implemented, CIMC will remain to be a sustainable manner. CIMC Vehicles will be able public on the main board, and its application controlling shareholder of CIMC Vehicles, while to attract new strategic investors focusing on has been accepted by the SEHK. This is a CIMC Vehicles will continue to use the brand semitrailers and other special-purpose vehicles significant progress in the building of the name of “CIMC”. to create new invest groups. fourth independent going public platform after CIMC (A+H share markets), Enric (H-share The board of directors of CIMC believed that Since its formal operation in 1982, CIMC market) and CIMC-TianDa (H-share market). the spinoff and independent going public has been offering high-quality equipment of CIMC Vehicles were in general beneficial and solutions to global logistics and energy The announcement revealed that after the to CIMC and CIMC Vehicles. If the proposal industries. Over the past 36 years, its businesses proposal to spin off CIMC Vehicles for going is successfully implemented, it will enable have extended to a large number of product public was approved by the board of directors CIMC Vehicles to further promote its business segments, such as containers, vehicles, energy of CIMC on August 9, it was further approved innovation and provide clear indicators of and chemical storage and transportation at the general meetings of the A-share and independent market valuation for investors; equipment, offshore engineering equipment, H-share holders respectively. Ultimately, CIMC Vehicles’ business performance data will airport facilities, food processing equipment, the going public operation depends on the remain to be consolidated into the financial heavy-duty trucks, logistics service and approval of the SEHK and China Securities statements of CIMC, so as to improve the industrial parks and zones. Since it was listed Regulatory Commission (CSRC), market overall value of the Group; it will also enable in 1994, the Group has been making profits situations and other factors. According CIMC Vehicles to improve its corporate for 24 years in a row. In 2017, CIMC achieved to the announcement on December 4, the governance under the supervision of the business revenue of 76.3 billion yuan with application for administrative permission for general public and improve the operation profit about 2.5 billion yuan. the spinoff and going public proposal was management performance of the Group and submitted to and accepted by the CSRC. CIMC Vehicles. CIMC Vehicles is now operating its high- According to the announcement on December quality businesses across the world. In terms 21, the SEHK confirmed that CIMC could After independent going public, CIMC of business revenue, it is the second largest continue the spinoff and independent going Vehicles will have an independent financing business segment under the Group.

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CIMC Vehicles awarded certificate for CIMC Huajun rated as national green factory integration of informatization and industrialization

China’s Ministry of Industry and promoted the upgrading of production Xizhou, President of CIMC Huajun, noted that Information Technology released the list lines, introduced green and eco-friendly the environmental protection is the root of for the third group of green manufacturing designing philosophy, prioritized the use the company, and the more environmental demonstration units on November 6. of advanced clean production technologies protection responsibility it takes, the more Zhumadian CIMC Huajun Vehicles Co., Ltd and highly efficient end treatment developed it will become. CIMC Huajun (CIMC Huajun) was rated a “green factory” at equipment, promoted the recovery and will stick to the new development idea the national level, making it the first green non-hazardous treatment of water, gas of “innovation, coordination, greenness, factory in domestic trailer industry. and solid wastes, lowered noise, vibration openness and sharing”, continue to follow and pollutant emissions in the factory, and the Group’s HSE idea of “safety and health, Over the years, to build itself into a created favorable occupational hygiene green operations”, intensify its efforts “green factory”, CIMC Huajun has taken and environment. With such efforts and of “upgrading of production lines and the “intensive use of land, non-hazardous CIMC’s support, Huajun stands out in the reshaping of organizations”, play a leading materials, clean production, recovery campaign for building and selection of role in the development of domestic special- of wastes, and low-carbon energies” as “green factories” at the national level. purpose vehicles industry, and strive to the objective, adhered closely to the grow into an environmental governance environmental protection operations, The success has further demonstrated the pioneer and the “new hinterland” of green and put the green development ideas central government’s greater recognition of development. into its daily production and operation CIMC Huajun’s achievements in intelligent management. It has also positively manufacturing and green production. Guo

CIMC Enric signs the contract to handle landfill leachate for Xuancheng City, Anhui Province

Enric (Bengbu) Compressor Co., Ltd directly discarded without prior treatment. The successful signing of the contract is entered into a service agreement with It is necessary to handle the landfill leachate a new breakthrough in Enric Bengbu’s Anhui Xuancheng Municipal Solid Waste for the purpose of environmental protection. environmental protection business, On November 29, Yangzhou CIMC Tonghua for the integration of informatization and R&D, purchase and production. During the Sanitary Landfill to handle landfill leachate indicating that the company has Special Vehicle Co., Ltd was awarded the industrialization with the development of promotion of the project, the company has on November 2 and has begun the service According to a responsible officer of the successfully accessed to the environmental Certificate for Integration of Informatization new type of abilities as the main line. strictly observed the requirements provided since then. This is another significant Environmental Protection Equipment protection equipment market and built and Industrialization by China Electronics in the national standard Integration of environmental protection equipment Business Department of Enric Bengbu, the up its influence. “With stricter and further Standardization Institute (CESI), making In recent years, CIMC Tonghua has made Informatization and Industrialization order after the company signed the service Environmental Protection Business Unit of environmental protection control by the it the first member company of CIMC great efforts to carry out the construction of Management Systems – Requirements (GB/ contract with Hangzhou Environmental the company was established in January central government and the environmental Vehicles that has successfully passed the informatization, boosted the development T23001-2017), and through survey and Group to handle the landfill leachate 2018; its first set of eco-friendly equipment protection awareness improvement among certification. of industrialization with the informatization diagnosis of status quo, top-level design, at Tianziling Landfill in September. In rolled off the production line in April; and different local governments, there is greater achievements, and made the informatization system planning and implementation, particular, the new contract price has its first valid order for the newly produced space for the improvement of water quality The integration of information and an important and inseparable part of new type ability development, internal exceeded 10 million yuan. product came in May. After the efficient so that the water can meet the discharge industrialization, the deeper integration the company. In March 2018, CIMC assessment and review, has successfully operations in the past 6 months, the standard. As the only container-type landfill of informatization and industrialization in Tonghua launched the campaign for the established the management system for Landfill leachate is any liquid that is company has developed 5 series of products leachate treatment equipment manufacturer all aspects such as technologies, products, interconnection of informatization and the integration of informatization and produced after the municipal solid wastes that are capable of handling 50 to 280t of in Anhui, Enric Bengbu has been forging services and management, is an important industrialization, and specially established industrialization that accords with actual are sanitarily buried, the pollutants in the landfill leachate. By the end of October, ahead along the development track ‘from part of national informatization strategy a team for the integration of informatization conditions of the company. From September wastes mixes with rainwater as a result of Enric Bengbu’s landfill leachate emergency zero to hero, and from hero to superhero’. and an important approach for the and industrialization with its general to November, CIMC Tonghua took the lead compression and natural decomposition. treatment equipment could handle 1,300t In 2019, we will build a high-quality brand implementation of Made in China 2025 manager as the team leader and the director in the industry to pass the certification of As a high-concentration and special per day. Its business has been put into trusted by markets and obtain more Strategy. It is management optimization of the management department and heads management system for the integration organic waste water, landfill leachate is operations successively in Jiangsu, Yunnan, business opportunities based on our high process and aims to achieve interactive of different departments as the team of informatization and industrialization characterized by high concentration of Jiangxi, Zhejiang and Anhui, with the quality product quality and exceptional operating innovation and continuous innovation of members. With the adoption of product after the assessment and examination, COD, drastic changes of water quality and of water after the treatment exceeding the performances”, said a responsible officer of the management, business processes and life-cycle management system (PLM) and compliance verification, experts’ review and amount, and multiple types of hazardous requirements listed in the Table 2 of the Enric Bengbu. information technologies of a company and manufacturing execution system (MES), the public summons by the certification agency and toxic pollutants. Therefore, it can have national standard Research on the Pollution to further improve its core competitiveness information technology has been seen in authorized by the Ministry of Industry and dire consequences for local communities Control Standard for the Landfill Site of by establishing a management system all links of the company including sales, Information Technology. and adversely impact ecosystems if it Municipal Solid Waste (GB16889-2008).

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CIMC Enric secures an order for a 38,000-m3 LEG carrier

On September 28, the contract on the delivered two carriers of the same type. Like operating economy. In addition, the highly famous audited circulation magazine “With the rising demands for clean energy, construction of a 38,000-m3 LEG/acetylene the two carriers, the new LEG carrier meets efficient ship hull line designs and new-type serving the global maritime industry. there will be higher and higher demands carrier (S1036) by CIMC SOE for the German the certification requirements of DNV-GL. rudder propeller system has tremendously for LNG carriers and LNG bunkering vessels. ship owner Hartmann Shipping Services With tri-lube type C-tanks, it is capable of lowered the fuel consumption and given The winning of the order means high- Therefore, as a LNG carrier manufacturing was formally activated. This is the second carrying 30% more LNG than traditional the carrier outstanding energy-saving and end clients’ recognition of CIMC SOE’s specialist, CIMC SOE will be able to obtain activated contract on the construction of a carriers of the same dimensions; with the environmental protection performance. amazing designs, building capabilities and more and more business opportunities LNG carrier after the one for a 22,000-m3 LEG adoption of three-fuel ME-GIE low-speed Gaschem Beluga, the first carrier of this proven track records, and will improve the with its proven track records and excellent (liquefied ethylene gas) carrier. engine, it can be fuelled by acetylene, Gaschem Beluga series, was rated as one of the world’s “Great company’s competitiveness on small- and engineering ability”, said a responsible natural gas and traditional diesel oil, so was rated as one of the Ships of the Year” in 2017 by Maritime medium-size LNG carriers market. person of the company. The LEG carrier is a ship in the EcoStar 36K it can meet the environmental protection world’s “Great Ships of the Reporter & Engineering News, a world- series. Previously, CIMC SOE has successfully requirements and embrace the exceptional Year” in 2017 by Maritime Reporter & Engineering News

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CIMC Enric successfully delivers the world’s first set of CIMC Enric builds China’s largest 65MW large ship exhaust gas scrubber fully automatic LNG filling platform

On October 14, Nantong CIMC Energy for environmental protection in the world, be safely and efficiently conducted? On November 30, the Phase I Work of performs the functions of reserve, filling quality have won good comments from the Equipment Co., Ltd, a subsidiary of CIMC ship exhaust gas scrubber market will enter Southeast Hubei Liquefied Natural Gas and peak-shaving of natural gas. After client.” Enric, successfully manufactured the world’s a golden age of development”, said Shi “We paid special attention to these concerns Peak-shaving Storage Center Project in the Phase I project is put into operation, first set of 65MW large ship exhaust gas Lei, Manager of Marketing Center of CIMC and organized core technical staff to work Huanggang, Hubei Province was successfully it can reserve 1,000m3 of water and 426t “The entire peak-shaving center is nicely scrubber, and the product was handed over Nantong. on the difficult problems. Step by step, we completed and put into operation. It will of LNG (about 610,000m3) which will be arranged and fully equipped. It has LNG to the client after it passed the FAT (factory had all problems detected in the R&D and meet perform the vital function of peak- able to meet 3 days of gas consumption in reserve section, LNG tank container yard, acceptance test). As the largest type of ship Though the company won the order with its production solved and carried out multiple saving, storage and provision of gas to the Huanggang. In addition, the project is proud LNG vehicle parking lot, dewar flask filling exhaust gas scrubber in the world, it will considerable comprehensive strength, yet simulation tests. Finally, within 4 months, Southeast Hubei, meet the demands for of its 20 natural gas fillers, making it the zone, etc. Besides the provision of LNG to be installed onto a 20,000-TEU container it was faced with enormous manufacturing the product successfully rolled off the gas by users at the downstream terminal- largest fully automatic LNG filling platform southeast Hubei and surrounding areas freighter. difficulty since the client had pretty higher production line and passed the FAT. And end markets, and ensure the provision of in China. With daily filling capacity of 200 of Wuhan via pipelines, it can serve the requirements for the world’s largest type its quality was highly recognized by the natural gas for winter heating in the region tons and daily turnover capacity of 300t, it residents and enterprises in areas where As the deadline for fully observing the 0.5% of ship exhaust gas scrubber. Taking the ship owner, shipping firm and the property and Central China. will provide adequate and high-quality LNG LNG pipelines are not available with LNG sulfur limit applied to ships in emissions processing and transportation of the flange owner”, said Shi Lei. for the urban pipelines and commercial and tank containers and dewar flasks”, added the control areas across the world, ship with large diameter as an example, there This project is the first large LNG (liquefied industrial enterprises in Southeast Hubei. responsible person. operators are taking every necessary and are deformation risks in roller, butt welding, “According to industrial authorities, the natural gas) reserve storehouse of China possible means to stay under the sulfur workshop processing and transportation of demands for ship exhaust gas scrubbers LNG Group. As the general contractor of “After multiple and thorough visits, the “Today, a large number of regions in the cap, and one of effective and important a 65MW flange with the diameter as large will keep going up in the next couple of this project, CIMC Sanctum built a fully client believed that we have proven and northern part of China are switching from approach is to install a ship exhaust gas as 7.5m. How to maximally ensure that years. We will seize the opportunity, provide automatic LNG filling station during the national advanced technologies and coal to electricity for their winter heating. scrubber. “For most ships, this is an easier the deformation is under control? How to our clients with higher-quality services and construction, which was China’s largest fully construction techniques and decided to Therefore, in regions where the natural and more cost-effective way than other explore the technique with minor error and achieve more accomplishments with our automatic LNG dewar flask filling platform work with us”, said a responsible person at gas pipelines are not fully available or emissions reduction methods. At the same higher success rate for bending a roller with complete set of ship exhaust gas treatment and filled the gaps in the field. the marketing center of CIMC Sanctum, “the temporarily unavailable, the ‘station-to- time, with further extension of the emissions a large-diameter and thin-wall tube? How to solutions”, said Xu Yongsheng, General cooperation agreement was signed in June natural gas supplier’ model represented control areas and the stricter requirements ensure that the FAT of large equipment can Manager of CIMC Nantong. Located at Huangzhou Chemical Park and 2018, the equipment was transported to the by the filling of dewar flasks is greatly covering a site area of 31,508m2 and a floor construction site in August, and the project welcomed and embraces great market area of 15,902m2, Southeast Hubei Liquefied was completed and put into operation on potential”, noted the responsible person. Natural Gas Peak-shaving Storage Center November 30. The construction speed and

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CIMC Enric’s tank containers ensure the successful transportation of natural gas from south to north

A feeder container ship loaded with 130 manufactured by Nantong CIMC Energy medium-sized LNG terminals) is more and Easy for storage and transportation, the 130 LNG tank containers sailed northward to Equipment Manufacturing Co., Ltd (Nantong more popular on global markets as it is LNG tank containers produced by Nantong Shandong and Liaoning Provinces from CIMC), an energy equipment specialist flexible, occupies smaller areas and does not CIMC have successfully transported the large the Port of Yangpu of Hainan Province on under CIMC Enric. depend on natural gas pipelines. volume of surplus natural gas from south November 4. The innovative transportation to north via ships, with the gasification of liquefied natural gas (LNG), a trial project There are a number of ways to transport “Though the existing pipelines and tank capacity of a single tank container reaching jointly approved by China’s National natural gas from south to north. The two cars have played important roles in the 25,000m3. It is convinced that the successful Development and Reform Commission, common options are: first, the commonly south-to-north natural gas transportation, trial voyage of the first transportation of National Energy Administration and Ministry used pipeline transportation. It will yet they cannot fully handle the surplus LNG via ship tank containers before the of Transport (MOT), is the country’s first-ever transport the natural gas produced by capacity of terminals in the southern part of heating season will be able to further ensure attempt to transport the surplus capacity large LNG terminals in the south to the China. In this case, persistent efforts must be the natural gas supply this winter and next of Hainan terminal to its northern part via north through pipelines; secondly, the done to innovate natural gas transportation spring. As long as the new transportation LNG tank containers, and it is of significant popular non-pipeline model in the central models and further promote the building of model is widely commercialized, it will importance to satisfy the demands for and western parts of China. It will transport the natural gas production, supply, storage become a mobile offshore natural gas winter heating with clean energy and LNG from large terminals at coastal areas to and marketing system”, said a responsible transportation artery along the coastal safeguard the LNG supply in northern China. small terminals, and then transport it to the officer of CIMC Enric, “the transportation of areas and a beneficial supplement to the user end with truck tanks, tank container LNG via tank containers is absolutely a real traditional transportation of natural gas It is noteworthy that the 130 LNG trains or local pipelines. Today, the non- innovation”. through land pipelines or with tank cars, and tank containers were developed and pipeline model (especially for small- and profoundly impact the future development of China’s LNG industry.

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CIMC Enric awarded the honorary title and certificate of CIMC Raffles to design a “Niche Champion Enterprise in Manufacturing Sector” self-elevating accommodation vessel for BP

On October 11, CIMC Raffles and BP p.l.c. seawater with a depth of 30m. According we will offer satisfactory designing scheme entered into the contract on the FEED to the project design, the vessel will also to our client”, said Tang Shengtao, Vice (front end engineering design) of a self- contain an external service model. President of CIMC Raffles. elevating accommodation vessel at London. According to the contract, after the FEED – a “We will strictly observe relevant industrial Thanks to the heroic efforts over the past part of the Phase I Project of BP’s Tortue/ standards to turn the vessel into a high- few years, China’s offshore engineering Ahmeyim Oilfield is completed, the two quality accommodation area on the sea”, enterprises have continuously improved sides can enter into an EPC contract later. BP said Fu Qiang, Assistant Director of CIMC their international competitiveness and are is one of the largest oil and gas companies Raffles’ R&D Center. The vessel will provide growing into world’s first-class enterprises. in the world and has businesses in over 70 working staff with safe and comfortable Today, with the accelerated business pick countries. Since the 1970s, it has been doing living spaces. Its living zone will meet not up in the oil and gas sector, oil companies businesses in China. only the HAB++ (OS) – the highest designing have increased their investments in the standard of American Bureau of Shipping, oil and gas exploitation and production The vessel will serve the Tortue/Ahmeyim but also the internal standard of BP. facilities and of oil and supportive Oilfield Development Project, a LNG equipment. Therefore, it is convinced that (liquefied natural gas) project on the sea of “With the mature designs of Agosto 12 Chinese offshore engineering enterprises Mauritania and Senegal. It will accommodate and the collaborative R&D with Bassoe are embracing a new round of booming over 200 people and be installed into the Technology – CIMC’s R&D Center in Sweden, development.

On December 18, the Ministry of Industry of CIMC Enric. It specializes in the R&D marketing network and expanding market and Information Technology and China and production of chemicals logistics shares. With these effective measures, the Federation of Industrial Economics jointly equipment, chemical process equipment, company has increased its output and sales held the Conference on Exchanging pressure-bearing components and parts, volume for years, maintained an absolute Successful Experiences among Niche hazardous materials and wastes storage leading position in terms of market share, Champions in the Manufacturing Sector in and transportation equipment, crucial and raised its income taxes and profits year Beijing. At the conference, Nantong CIMC environmental protection equipment, and after year. In particular, its standard liquid Tank Equipment Co., Ltd. (CIMC Tank) was sells and distributes its products in nearly tank container has been ranking first in the awarded the honorary title and certificate of 100 countries and regions in Asia, Europe, world for consecutive 14 years. “Niche Champion in Manufacturing Sector”. America and Australia. The winning of the award is the recognition Niche champion enterprise in the Liquids transportation container (standard of CIMC Tank’s technological innovations, manufacturing section is the one that liquid tank container), the winner of the industrial status, brand value and has been focusing on a specific number award, is one of major products. As the major comprehensive strength. With such an of market segments for a long period of logistics transportation means of chemicals, achievement, the company will intensify its time and that has world-leading production tank container features exceptional safety, efforts to promote lean management and technologies or techniques with the market intermodal transportation convenience, and production, push forward the development share of a single product ranking top in greater recycling economy, and it has been through innovations, continue to improve the world. The niche champion represents used in developed countries for decades. its core competitiveness, give full play to its the highest development level and the Since the tank container technologies exemplary and leading role in the industry, strongest market competence in the global were introduced in 1999, CIMC Tank has and make more contribution to “Made in industrial segments, the No. 1 group of been striving for the respectable global China”. manufacturing enterprises, and the most industrial leader, and exploring the path significant contributor to the success of to upgrading and further development “Made in China”. that boasts diversity of products, flexibility of production lines, automation of CIMC Tank is an important part of CIMC’s manufacturing, and lean management; energy, chemical and food equipment continuously carry out R&D and innovation segment and a backbone enterprise of products and technologies; extending

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CIMC Raffles and MHWirth jointly establish a drilling CIMC Raffles and China Yantai Salvage enter a contract on simulation lab to cultivate offshore drilling talents the construction of a rescue and salvage ship

On October 19, CIMC Raffles and China the sectional launch of new ships, hoisting and salvage ability, effectively handle rescue Yantai Salvage entered into a contract on the of equipment, ship shifting and towing, and and salvage emergencies under adverse sea construction of a rescue and salvage ship at it has witnessed how CIMC Raffles grows conditions, and raise the rescue and salvage Yantai, Shandong Province, which indicated from a local shipyard into an international efficiency. the formal start of the project and a solid offshore engineering company in the forefront step forward on the basis of achievements of design and construction of deepwater CIMC Raffles is a leading offshore engineering accomplished over the years. platforms in the world. Recently, China Yantai enterprise in the industry. So far, it has Salvage announced that IMC Raffles won its delivered over 70 offshore engineering As one of 3 professional marine salvage units bid for building a rescue and salvage ship. facilities. The new ship will be built at CIMC in the country and one of the biggest and Raffles’ Longkou Construction Base, which most advanced salvage and rescue unit and The new ship will be used for emergency has accumulated abundant resources and offshore engineering company in Asia, China barrier clearance, rescue and salvage experiences in the construction of self- Yantai Salvage has 40 ships including ocean operations along coasts and in coastal elevating ships and high-end marine fishery tugs, offshore engineering service provision waters. It supports the recuse and salvage equipment and established professional and ships, large floating cranes and large-deck operations like hoisting, transportation, characteristic safety and quality management ships. It is responsible for non-human life storage and recharge and can be used for mechanism. salvage, recovering a ship and its cargo after hoisting equipment, recovering a small ship a maritime casualty, removing oil spill at the or assistance in recovering a large ship after “We will follow the Group’s HSE idea of ‘safety sea areas, ports and sailing courses in the a maritime casualty, unloading of cargos on and health, green operations’, construct the north of China. a sunken ship, unloading of oil residue in rescue and salvage ship with the efforts and a ship compartment and living support of abilities for building ‘pillars of the nation’, so CIMC Raffles and China Yantai Salvage are two on-site working staff. In addition, it can also that China Yantai Salvage and we can offer marine-related enterprises based in Yantai, work for the transportation and installation of better protection to life, environment and and their friendly cooperation can be dated wind turbines for offshore wind farms, repair property on the sea, and contribute to the back to the establishment of two enterprises. and maintenance of platforms and provide building of Yantai City, Shandong Province and China Yantai Salvage provides high-quality living support. With the new ship, China China into marine powers”, said Li Minggao, service for CIMC Raffles’ operations such as Yantai Salvage will further improve its rescue Vice President of CIMC Raffles.

On October 12, the drilling simulation can simulate real drilling operations and scientific and technological centers, so lab jointly established by CIMC Raffles and visualize it with 3D technology and that we can cultivate more drilling talents and Norway MHWirth inaugurated was show vivid man-machine interaction. The for the ocean development; thirdly, with inaugurated at CIMC Offshore Engineering simulator has powerful ability to process the adoption of automation, informatization Institute Research Center Co., Ltd (COEIRC) data in a real-time manner and can process and intelligentization technologies, it in Yantai, Shandong Province. This is the over 50,000 data samples, which will will lay a solid foundation of intelligent first-ever MHWirth drilling simulation lab tremendously reduce the duration from the manufacturing.” in China and the 7th one in the world. starting to the commissioning of drilling After it is put into operation, the lab rigs. Therefore, the lab can be used for MHWirth is the world’s leading offshore will provide technical support for the training and pre-commissioning of control drilling solution and service provider and system commissioning of projects under system of projects under construction, and it committed to providing more reliable, construction and for the R&D of relevant is safer, more efficiently and can lower costs. efficient and safer solutions for clients. Its topics, help with the development of businesses cover the oilfield service life crucial technologies for the drilling Deputy General Manager of COEIRC cycle. In 2006, CIMC Raffles and MHWirth system, and fulfill the task of intelligent Teng Yao said: “we are proud to work entered into partnership and carried out manufacturing; at the same time, it will be with MHWirth all the time. Now, we have close Cooperation on the EPC of Scarabeo used for the delivery of training programs the first drilling simulation lab put into 9 semi-submersible drilling platform and on drilling systems to cultivate offshore practical use. This means that our EPC drillings of 4 JU2000E self-elevating vessels. drilling talents. ability is recognized by mainstream drilling The joint establishment of the drilling companies worldwide. The establishment of simulation lab takes the cooperation to a Composed of control cabinet, simulator the lab is an important milestone, because deeper level, and it means that the two software, drilling operator’s chair and a firstly, it will help us cultivate an engineering companies will make concerted efforts large splicing screen, the lab covers the team of our own, so that we can quickly to cultivate talents, explore cutting-edge conceptual design, construction and improve our performance; secondly, it will technologies and strive for technical commission of drilling systems and be used as an experimental base for clients excellence and dominance.

22 CIMC today CIMC today 23 今日中集 今日中集 集团动态︱ News Updates

CIMC Raffles to build the Asia’s largest First steel cut for Nordlaks’ Havfarm 1 2+2 ro-ro ship for and Bohai Ferry Group

On October 23, CIMC Raffles and Bohai markets, and established the ability to The 2+2 ro-ro ship is the largest On November 6, CIMC Raffles held a steel idea even newer by moving fish farms from and intelligent merits, such as automatic Ferry Group Co., Ltd, the two marine- manufacture vessels on platforms. In recent multipurpose ro-ro ship in Asia. Its cutting ceremony at its Yantai shipyard to inshore to offshore waters. In particular, transmission of post-smolts, automatic related enterprises in Yantai, entered into a years, to answer the call of the central parameters are: lane length, 2,700 meters; formally start the construction of Nordlaks’ with a specially designed single point feeding, underwater light monitoring, contract on the building of Asia’s largest 2+2 government to replace old growth drivers overall length, 189.9m; length between Havfarm 1 – the biggest and most advanced mooring system, the farming platform underwater oxygen increase, recovery of multipurpose ro-ro ships and an agreement with new ones, CIMC Raffles has achieved perpendiculars, 176m; maximum width, deepwater aquaculture platform in the will move around a single point in 360 dead fish and automatic hunting of grown on strategic cooperation in luxury cruise-type the transformations such as “from oilfield to 26.4m; and weight, 26,500 gross tonnage. world. degree, driving the 6 net cages arranged salmons. ro-ro passenger ships and luxury international fishery” and “from oilfield to cruise” thanks to The new ship is invested by Bohai in the longer direction of the barge moving cruises businesses. the core abilities established and developed Hengtong Ferry Co, Ltd, a joint venture With a maximum width of 59.5m and synchronously in natural winds and water The construction of Havfarm 1 will tremendously in the construction of offshore oil and gas by Bohai Ferry Group, Hengtong Logistics maximum depth of 65m, the 385-meter currencies. By doing so, the salmons will be improve China’s competitiveness in intelligent The signing of two deals is the breakthrough equipment. The ro-ro ships are the new and Longkou Port Co., Ltd of Yangtai Port floating barge contains 6 deepwater net growing in a more natural and much better marine farming equipment and promote that Yantai has achieved in its replacement growth driver. Group, and it will be used for the ro- cages and cultivates over 10,000 metric tons of environment. the sustainable development of offshore of old growth drivers with new ones and in ro transportation around Bohai Bay and salmon biomass. It will satisfy the certification aquaculture both at home and abroad. CIMC its oceanic operations, and it will usher in a Bohai Ferry is the largest ro-ro passenger along coastal areas in China. This is the requirements of Det Norske Veritas. Anchored in an external turret single Raffles will continue to provide offshore new era of building large ro-ro ships, ro-ro transportation enterprise with the most first time that Bohai Ferry has a ship point mooring system and equipped with engineering equipment with cutting-edge passenger ships and cruises in Yantai, lay a powerful comprehensive transportation built at Yantai. The cooperation between The deep sea farming platform is an the world’s most advanced automatic technologies, safety and high-quality for its solid foundation for the settlement of Ro-Ro strength in Asia. It has eleven large ro-ro CIMC Raffles and Bohai Ferry Group on emerging marine farming approaching, salmon farming system, the farming clients through continuous and innovative Passenger Ship Industrial Park in Yantai, and passenger ships, one international passenger ro-ro ships, high-end ro-ro passenger and CIMC Raffles makes the new designing platform features a number of automatic lean management. contribute to building Yantai into a marine container ship and one international luxury ships and high-end cruises is the power and manufacturing power. cruise, and it is committed to growing demonstration of Yantai Strength, and it into a large, comprehensive and modern will push forward the ro-ro transportation CIMC Raffles is a leading offshore engineering group that incorporates six business business development in the city, foster enterprise in the industry. So far, it has segments, namely ro-ro passenger-freight and support Yantai’s construction of a delivered over 80 offshore engineering transportation in China, ro-ro passenger base port for international high-end ro- facilities, realized the interconnection of the transportation in the world, cruise tourism, ro passenger ships and operations, and industrial chain from conceptual designs financing and lease, fuel supply and modern contribute to the building of Yantai into a to purchase and adoption on mainstream logistics service. marine power and manufacturing power.

24 CIMC today CIMC today 25 今日中集 今日中集 集团动态︱ News Updates

Blue Whale One wins Chinese Industrial award CIMC’s one-for-all model solves the small batch LNG transportation problem

On December 9, the fifth China Grand Award 117m, width of 92.7m, and height of 118m. It has its sovereignty; some people believe that it On November 22, the tank container- reference meaning for the innovation and in China or companies with enormous for Industry was announced at the Great over 100 big systems, 1,000 subsystems, 27,354 is the switch to ocean energies, and when stored LNG (liquefied natural gas) shipped development of China’s LNG transportation strength. Thanks to the technological Hall of the People in Beijing. As China’s top devices, 40,000 pipelines, 50,000 mechanical it functions, the nation will have its energy in a container carrier from Vancouver, models”, said a responsible person of development, the tank container-stored award in industry, the China Grand Award for completion quality inspection spots, cable security guaranteed; and some people Canada arrived at Shanghai Port for Zhenhua Logistics. LNG transportation model is created”. Industry, the China Grand Award for Industry pull-back length of 1.2 million meters (distance believe that it is the embodiment of the land transportation. The shipment of the was set up upon the approval of the State between Beijing and Shanghai); maximum comprehensive national strength, and it can imported LNG was provided by Zhenhua In recent years, China has imported “Tank container-stored LNG transportation Council, and it is reputed as the “Oscar Award” operating depth of 3,658m, a maximum drilling synchronously promote the development Logistics Group Co., Ltd – a logistics pipeline natural gas and liquefied natural model is also known as ‘one for all’ model, in domestic industrial sector and represents depth of 15,250m, so it is capable of deepsea of dozens of fundamental sciences and service specialist under CIMC in tank gas from different countries. The pipeline because from the loading of LNG by foreign the country’s highest industrial development operations across the world. It represents the technologies and has enormous significance container logistics pattern via sea-land natural gas is mainly transported via suppliers to the unloading by domestic level. 11 projects, including the Fuxing Bullet world’s highest ocean drilling platform design for the improvement of the overall abilities transportation. The door-to-door service large pipelines in Central Asia and Russia. terminal-end users, we do not repackage Trains by China Railway, Blue Whale One – and construction levels and brings China’s of domestic industrial sector. Over the past to deliver imported LNG to terminal- The LNG comes from Australia, Qatar, the cargos”, said the responsible person, the newest generation of ultra-deep-water deepwater oil and gas extraction and production 10 years, we have extended our business end in their original packaging form has Indonesia, the US and other countries. “compared with traditional models, the semi-submersible drilling platform by CIMC to the leading level in the world. In 2017, Blue reach to the deep sea; in the next 10 years, thoroughly solved the small batch LNG “The transportation model of pipeline new model has solved the small batch LNG Raffles, FENGYUN Meteorological Satellite by Whale One, as the core drilling equipment, we will start from the success of Blue Whale transportation problem, and the success natural gas is easy to understand. transportation problem.” Shanghai Academy of Spaceflight Technology contributed to China’s successful test mining One, take the inspiring speech of General has captured attention from energy circles And normally, the imports of LNG are and the new generation nuclear power of “flammable ice” for the first time and made Secretary of CPC Central Committee seriously, in China and Canada. conducted in the form of large bulk cargos, “In addition, the new transportation submarine by No. 719 Research Institute of significant breakthroughs in the test mining, make best products, master core technologies and its transportation model features the model has not only tackled the natural gas China Shipbuilding Industry Group Co., Ltd, such as the longest unstopped extraction of and achieve dominance on markets. It is “Last November, we successfully shipped combination of large LNG carriers with shortages caused by uneven distribution were named winners. gas, the largest output of extracted gas, the believed that when governments at different the first batch of LNG imported from large LNG terminals”, said the responsible of natural gas resources, but also made it stable gas flow, and environmental safety. At levels, financial institutions, scientific and Canada to China. This time, we got the job person, “but the construction and possible to end large oil and gas companies’ In particular, CIMC Raffles’ deepwater semi- the same time, it also set the world records of technological research centers, ship owners nicely done again. When China continues operation of LNG terminals needs large monopoly of trades to export LNG to submersible drilling platform series won the gas extraction duration and output. and inspectors and upstream and downstream to increase its import of LNG, we have amount of investments and considerable China. This will tremendously promote the Commendation Prize at the Third China Grand industries put their expertise together, we will completed a number of shipments of technological inputs, and they have pretty rapid development of China’s LNG energy Award for Industry. Wang Jianzhong, CEO and President of CIMC have the ‘pillar of the nation’. In this sense, imported LNG and domestically made LNG long construction and recovery periods. business and effectively alleviated the LNG Raffles, noted: “Blue Whale One means a the ‘pillar of the nation’ is the combined with the tank container logistics model, Therefore, most LNG terminals are built shortage faced by the country”, added the Blue Whale One is the world’s newest generation lot and matters a great deal. Some people capabilities of all of us.” and the success experience is of significant and operated by three largest oil firms responsible person. of ultra-deep-water semi-submersible drilling believe that it is China’s boundary tablet, platform with dual-derrick rigs. With length of and where it works, the state will exercise

26 CIMC today CIMC today 27 今日中集 今日中集 集团动态︱ News Updates

CIMC Logistics is rated as one of CIMC’s firefighting trucks to China’s best 10 Logistic Enterprises again serve Annual APEC Economic Leaders’ Meeting

On December 20, the Presentation performances in management, services, In recent years, CIMC Logistics has been Ceremony of 2018 China Logistics “Golden innovations and economic benefits and set taking clients and business performances Pegasus” Awards was held at 2018 Beijing examples for the healthy development of as the orientation, centering round the (Xiangshan) International Logistics Forum China’s communications, transportation and improvement of efficiency and building & the 2nd China Logistics Brand Conference. logistics sector. itself into an agile organization. Through CIMC Modern Logistics Development Co., international and digital operations, it Ltd (CIMC Logistics) was rated as one of Over 1,000 logistics companies competed has promoted the innovation of logistics China’s Best 10 Logistics Enterprises, the for the Golden Pegasus Awards. After services and provided clients with highest honor in Golden Pegasus Awards, multiple rounds and public votes and expert integrated solutions combining services, and won the honorary title as one of China’s panel’s review, the winners of China’s Best equipment and finance. The unique Top 100 Logistics Enterprises (Brand Value). 10 Logistics Enterprises were announced. product portfolio is well received by the It is noteworthy that the company has won The assessment and selection of China’s industry. the two awards for 2 years in a row. Best 10 Logistics Enterprises is mainly for large and mature logistics companies. The “The winning of the two awards means Directed by China Communications and registered participants should have greater that our achievements have been Transportation Association and hosted by brand awareness in the public and higher recognized by the industry, and it is China Logistics Times Weekly Press, the management and service level. In the the result of our remarkable efforts Golden Pegasus Awards is considered to meantime, the customer satisfaction index, throughout the year”, said a responsible be authoritative and influential in domestic customers’ loyalty, completeness of IT system person of CIMC Logistics, “in the future, logistics sector. It is to identify, objectively and logistics network coverage will be we will continue to innovate the service present the units and individuals that have considered in the assessment and selection models and improve service to create made significant contributions and brilliant process. much more value for clients.”

On October 10, the Ceremony for the Economic Leaders' Meeting, and then they Sichuan Chuanxiao Fire Trucks. CIMC-TianDa wins three bids for Handover of Vehicles Provided by the Chinese will serve the people in Papua New Guinea. Government to Assist the Development of According to National Planning Minister “Today, with the improvement of on- Papua New Guinea was held at Port Moresby, Richard Maru, these buses and firefighting site delivery, client training, spare parts building air cargo warehouses the capital of the island country of the trucks will play important roles during and and components support and technical southwest Pacific Ocean. As an important after the Annual APEC Economic Leaders’ documents, we have established global Recently, Shenzhen CIMC-TianDa Logistics station have to undergo repeated and Taking ETV (elevating transfer vehicles) part of the assistance, 9 “Chuanxiao” brand Meeting. client service network, developed efficient System Engineering Co., Ltd (CIMC-TianDa complicated tests and impacts. Therefore, as an example, CIMC-TianDa Logistics firefighting trucks manufactured by Sichuan and fast service response ability and Logistics) won three orders for building air clients focus on two abilities of bidders: the has successful engineering cases of ETVs Chuanxiao Fire Trucks Manufacturing Co., Ltd, To help Papua New Guinea successfully continuously expanded its business on cargo warehouses respectively from Beijing integration ability and manufacturing ability weighing from 6.8t to 13.6 and operated a subsidiary of CIMC, was formally handed hold the Meeting, Chinese government has firefighting truck markets”, added Wang Daxing International Airport, Beijing Daxing of core equipment; the maturity and stability manually or automatically. Thanks to the over to Papua New Guinea, and they will serve imposed strict requirements for the quality Defeng, “it is no doubt that our greater International Airport – China Southern of system and equipment operations as well rich experiences in the manufacturing of the Annual APEC Economic Leaders' Meeting of its provided projects and products. In comprehensive strength has enabled us to Airlines Base and Ningbo Lishe International as efficient maintenance ability. different core equipment, the company to be held in November. particular, since the firefighting trucks will be stand out in the selection of products for Airport with contracts value exceeding 100 can complete the design and production used for the Meeting, the requirements are the assistance.” million yuan. According to Yang, in terms of integration of equipment within a short period of time Chinese Ambassador to Papua New Guinea much stricter. “ ‘Chuanxiao’ is a well-known and equipment manufacturing abilities, and deliver the ordered products quickly. said in his speech that in recent years, the firefighting truck brand in China, and we are “The international assistance and domestic According to Yang Bin, Market Manager CIMC-TianDa Logistics have obtained flourishing relationship between the two proud that it is selected by the government significant cooperation over the years have of CIMC-TianDa Logistics, different from independent intellectual property rights “As for repair and maintenance service, countries have been taken to a deeper level, to offer fire prevention and safety guarantee fully demonstrated clients’ recognition of single-unit product with strong partition, for technique management systems and we have a professional technician team. and the cooperation on different fields has services during the Annual APEC Economic CIMC’s firefighting products. In the future, the air cargo warehouse is an integrated electric system control software. Among In particular, we have professional and achieved fruitful results. The buses and Leaders’ Meeting, and this is because of its we will continue to offer higher-quality and systematic engineering project and is them, the management system supports permanent service network at project firefighting trucks provided by the Chinese first-class product quality and excellent service services to global clients with one-stop composed of different subsystems including the parameter-based configuration implementation sites, so we can meet government will be used at the Annual APEC reputation”, said Wang Defeng, Chairman of comprehensive solutions.” equipment, software and control systems, and multiple warehouse management personalized demands of clients and with each subsystem interconnected with functions. Besides, the company has provide steady and high-quality technical one another. In addition, due to the huge abundant experiences in the designing service”, added Yang, “these are the core throughput of air passengers and cargos, and engineering of equipment for almost advantages that make us stand out in the the systems and equipment of an air cargo all large cargo transportation stations. bid competitions.”

28 CIMC today CIMC today 29 今日中集 今日中集 集团动态︱ News Updates

CIMC-TianDa to solely take over Shanghai Jindun at CIMC-TianDa boarding bridge rated as 380 million yuan “Niche Champion Product in Manufacturing Sector”

On October 19, CIMC-TianDa entered into domestic market. In addition, as a hi-tech and profit-making performance”, said a On December 18, the Ministry of Industry To direct manufacturing enterprises to The boarding bridge is the major product an equity interest transfer agreement with enterprise rated by Shanghai Municipal responsible officer of CIMC-TianDa. and Information Technology (MIIT) and improve their professional abilities and of CIMC-TianDa, and it is entitled to the Shanghai Jindun Special-purpose Vehicles Government, it has extensive business China Federation of Industrial Economics competence, improve weak links in crucial prioritized support of the central government Equipment Co., Ltd (Shanghai Jindun). network in Shanghai, Jiangsu, Guangdong, CIMC-TianDa is China’s largest firefighting (CFIE) jointly held the Conference on and key areas and forge ahead along the for large and integrated micro-opto-electro- According to the agreement, CIMC-TianDa Zhejiang and other southeast coastal truck maker with most complete types of Exchanging Successful Experiences way of specialty, uniqueness, excellence and mechanical equipment in manufacturing will purchase 100% equity interest of regions with higher degree of popularity products and greatest competitiveness, and among Niche Champions in the sophistication, push the industry towards sector. so far, CIMC-TianDa has erected Shanghai Jindun at a price of 380 million and strong profitability. it boasts enormous leading advantage in Manufacturing Sector in Beijing. The list the medium-high end of the global value over 6,000 boarding bridges at more yuan. This is another significant strategic the industry. With a series of acquisitions for the third group of niche champions chain, boost the high-quality development 300 airports (including 144 international acquisition after it purchased a part of “Shanghai Jindun and CIMC-TianDa have and mergers, CIMC-TianDa will gradually in manufacturing sector was announced. of domestic manufacturing sector, and airports) in about 80 countries and regions equity interest of Shenyang Jietong. After found great complementarity in their pool together the separately operated CIMC-TianDa boarding bridge was rated increase the competitiveness of domestic and ranked top in the world in terms of the acquisition, CIMC’s firefighting trucks firefighting safety business. Therefore, the firefighting truck companies and quick grow as a niche champion. Wang Jiangping, manufacturing enterprises on international comprehensive strength. Its boarding bridge business will further grow. buyout of Shanghai Jindun will enable us into an industrial giant. MIIT Vice Minister; Li Yizhong, former MIIT markets, the MIIT issued the Plan for have become the excellent representative of to further expand our firefighting truck Minister and CFIE Chairman, attended the Implementing the Special Campaign to “Made in China and improved the influence Located at Shuyuan Town, Pudong New portfolio and production capacity and “The signing of the equity interest transfer conference and presented certificates to Cultivate and Improve Niche Champions in of domestic manufacturing sector in Area, Shanghai and covering a total site achieve strategic coverage of regional agreement is a solid step forward for us to the winners. the Manufacturing Sector in 2016. the world. area of 130mu (86,667m2) and a floor area of markets in the eastern part of China. implement the firefighting truck strategy, 21,603m2, Shangai Jindun has all certificates After the acquisition, we will extend our and it will consolidate our championship and permits necessary for the production business reach to northeast, southwest and status in the industry and further improve of firefighting trucks, and it is capable of southeast parts of China and grow into a our strength. We will take the signing of the continuously researching and developing large firefighting truck industrial group with agreement as a big opportunity, continue to high-end special-purpose firefighting trucks greater coverage. It is noteworthy that we speed up the implementation of strategies, according to the changes on firefighting will enjoy satisfactory synergy in markets, intensify development efforts and strive to product markets and demands of different technologies, purchases and production become the firefighting truck champion in clients with its products ranking top on and improve our business competitiveness the world”, said the responsible person.

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CIMC Leasing awarded First CIMC-built modular building in the US opens China Financial Leasing Excellent Organization Prize

On December 6, the 2018 China Financial have contributed to the development of Leasing Annual Meeting opened in Beijing. financial leasing industry, CLBA specially CIMC Financing & Leasing was awarded set the “Contribution to the Development of the “Contribution to the Development of China’s Financial Leasing Business in Past 30 China’s Financial Leasing Business in Past 30 Years – Excellent Organization Prize”. Years – Excellent Organization Prize”. This is the 9th industrial awards that the company Since its inception, CIMC Financing has won since it was established 11 years & Leasing has quickly increased its ago. At the same time, CIMC Financing & businesses, capital scale and profits, with Leasing was re-elected vice chairman unit cumulative business volume reaching 59 of the new administration committee due billion yuan and cumulative net profit to its exceptional industrial influence and exceeding 4 billion yuan. The company’s On October 1, the Postgraduate Dormitory damaged. Therefore, there are higher business performance. industry and financing integration of the University of California, Berkeley, shockproof requirement for the building, strategic management and control system, which was designed and built by CIMC and it is designed with a seismic fortification Hosted by the Leasing Committee of China thorough risk control and management Modular Building & Investment Co., intensity of E degree (Liedu VIII in China Association of Enterprises with Foreign system, capital management platform, Ltd. (CIMC MBI), was formally put into seismic intensity scale). Investment (CLBA), China Financial Leasing business and business model innovation operation. This is CIMC MBI’s first US- Annual Meeting is the most professional and mechanisms have widespread influence based project and the first steel structure CIMC’s modular building is the steel representative annual event in the financial and considerable demonstration effect. modular building that a Chinese enterprise structure modular building system that leasing industry. This year, CLBA celebrated Today, CIMC Financing & Leasing has has ever built in the US. integrates structure, heat preservation, the 30th anniversary of formal operation. grown into one of leading enterprises in sound insulation, water and electricity, Therefore, to commend organizations that China’s financial leasing industry. The postgraduate dormitory is located energy conservation, intelligence and at the Shattuck Avenue, Berkley, San high-quality internal decoration. With Francisco Bay Area, California and closely over 90% traditional building procedures adjacent to the downtown center, and completed in factories, CIMC can reduce it embraces convenient transportation the time spent on construction by 50% and nice living facilities. The project is and lower construction wastes over 50% a 4-story container-type steel structure while maximally ensuring the quality and modular building. The 1st floor is specially the stability of installation. Based on ocean designed and built for disabled residents, container shipping technology, modules CIMC Finance puts the commercial paper exchange and the 2nd and 4th floors are standard will be transported to construction sites rooms. The total apartment dormitory through sea-land transportation for erection directly connecting system into operation contains 22 elegantly decorated rooms. and delivery. All building designs, decorations and supporting facilities with the building Property owner Kennedy showed his criteria of California. appreciation and satisfaction of the building quality and the finished products “California adopts strict green building in an interview with American media, saying criteria and imposes strict control over “we know the assembled buildings are the the discharge of hazardous materials, future of buildings, and we are making On December 17, CIMC Finance launched After the system is launched, CIMC Finance month-end accounts receivable amounting so the whole building is constructed explorations in this regard. The project is the commercial paper exchange directly will be able to handle inter-bank discount to about 500 million yuan, with environmentally friendly and green a valuable building lesson for us. Upon the linking system, making it the first finance and rediscount, send payment alert materials”, said a responsible person of CIMC successful implementation of the project, company to directly connecting to Shanghai message and demand payment online and After the commercial paper exchange MBI. In its history, California was subject to we are looking forward to more cooperation Commercial Paper Exchange Corporation improve its commercial paper exchange directly connecting system is put into earthquakes and had its buildings badly with CIMC.” Ltd (SHCPE) in Shenzhen. ability, commercial paper-related business operation, CIMC Finance will further operation efficiency and risk prevention and design commercial paper products and According to the instructions of the SHCPE, control ability. business models based on the business CIMC Finance successively carried out characteristics and financing demands of physical migration, data integration and So far, CIMC Finance has activated member enterprises, take advantage of exchange integration, and finally realized commercial bill systems for 122 member its membership with SHCPE, offer high- the direction between its commercial companies under the Group. In 2018, it gave quality, efficient and convenient commercial paper system with the member subsystem, fully play to the centralized commercial paper services to member companies, and core exchange subsystem, liquidation and paper operation platform. As a result, it contribute to the successful implementation settlement subsystem and general and cumulatively accepted 900 million yuan of the Group’s manufacturing, service and public information module of the SHCPE. bills of exchange with average balance of finance combination strategy.

32 CIMC today CIMC today 33 今日中集 今日中集 集团动态︱ News Updates

CIMC SSC makes 114 intelligent traffic surveillance C&C Trucks succeeds in serial delivery of 40 LNG dumpers passages of HZMB much smarter

The Opening Ceremony of Hong Kong– “We are very excited on hearing that the Management (including Weak Current) for On October 30, the Ceremony for Serial electricity, electricity + DPF and natural they feature satisfactory cost efficiency. Zhuhai–Macau Bridge (HZMB) was held at bridge opens, because all software and Zhuhai Ports of Hong Kong–Zhuhai–Macau Delivery of C&C Trucks’ LNG Dumpers gas to conform to the city’s latest issued Specifically speaking, if a dumper runs Zhuhai, Guangdong Province on October hardware facilities of exit-entry passengers Bridge. According to the Contract, CIMC SSC Special for Shenzhen and the Gas Provision standards; secondly, the Group has fully 250km a day and works 280 days a year, 23, The HZMB, the first ultra-large sea and cargo vehicles intelligent traffic handled the business of one-stop exit-entry Guarantee Promotion Conference were studied the characteristics of Shenzhen’s then it will drive 70,000km a year; in this crossing transportation project jointly surveillance passages at the mainland intelligent traffic surveillance systems for held at Shenzhen. C&C Trucks handed over dumper industry and the national case, a traditional dumper will spend 58,600 built by Guangdong, Hong Kong and section of the bridge are designed and built customs, frontier inspection and national 40 new-type LNG dumpers to Shenzhen environmental protection policies and yuan more than a LNG dumper does. In Macau, is a 55km bridge–tunnel system by us, and they are playing important roles quarantine offices at the mainland section client to contribute to help the city win tendency, mapped out the working route addition, the LNG dumper will emit 90% consisting of bridges, an undersea tunnel, in the passage of the bridge”, said Zhou of the HZMB, including 114 passengers and the battle for blue skies. for fully promoting LNG dumpers from the less CO than the traditional dumper, and and artificial islands. It is both the longest Haibao, Deputy General Manager of CIMC cargo vehicles intelligent traffic surveillance perspective of dumper users’ interests, it seldom produces hydrocarbon, nitrogen sea crossing and the longest fixed link on SSC. passages that rank first place in China in terms Over the past few years, Shenzhen has and made greater efforts to publicize and oxide and produces no particulate matters, earth. The HZMB spans the Lingding and of the quantity of a single product of the same been faced with increasingly urgent promote its dumpers; thirdly, the Group so it can achieve the zero emission of PM2.5 Jiuzhou channels, connecting Hong Kong, In October 2017, CIMC SSC and relevant type. All the one-stop exit-entry intelligent traffic safety problems and environmental has carried out in-depth research on substances. Macau, and Zhuhai, and it takes 14 years units entered into the Contract on the traffic surveillance systems were completed pollution caused by dumpers. To solve fuelling a LNG dumper, and collaborated to complete. Project of Customs Clearance Supervision and in May 2018. these problems, Shenzhen has announced with gas energy enterprises to offer better “Today, Shenzhen’s renewal and a series of policies to publicize the use of services to LNG dumper users. So far, CIMC replacement of dumpers has entered into vehicles powered by clean energies and and relevant energy companies have a key stage, and its achievements have strengthen its control and accelerate its explored mature supportive gas provision paved the way for Guangdong Province elimination of traditional dumpers since guarantee solutions. and even the whole country. C&C Trucks 2017. is now taking an active part in the battle It is noteworthy that the successfully with its high-quality and mature products According to a responsible person of CIMC, delivered 40 dumpers are all urban and excellent service. It is convinced that firstly, the Group has actively answer the intelligent ones fueled with clean energy we can help the city win the battle for blue call of CPC Shenzhen Committee and (LNG). Compared with dumpers fueled skies, and embrace positive development Shenzhen Municipal Government, and with diesel oil, operating costs of the new outlook”, said a responsible person of developed new-type dumpers fueled with dumpers are 25 to 35 percent lower, so CIMC.

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CIMC strides along the way of global innovation through persistent transformation and upgrading efforts From a container giant to multiple champions

Editor’s note: to commemorate the a multinational group with over 50,000 we survive, and we thrive.” after China adopts the reform and is also a fighter. When he was even a and other resources, and to fully respect 40th anniversary of China’s reform and employees worldwide and with the annual opening-up policies, CIMC has been newcomer to the industry, he took the the decision-making power of local opening-up practices, we specially output value of 80 billion yuan. From a In fact, in addition to the manufacturing sticking to independent innovations and courage to go abroad and had business management teams. set the column themed with “Epochal container manufacturing giant to a global of industrial products and earning foreign making great efforts to solve technical talks with the world’s large shipping Chapters, Shenzhen Stories”. We will select operation specialist, CIMC has stood out currencies for the country, the most difficulties, and it is highly respected firms, and he made it. Today, CIMC has CIMC’s management said that the Group representative enterprises in different among its peers that were born with the important breakthroughs Shekou achieved by its international competitors and sold its products to over 100 countries, is now turning its global technologies sectors, get closer to them for a deeper same Shekou genes. at the beginning of China’s heroic attempt international industrial giants. It established over 30 real enterprises and development experiences into understanding of their developments and is the revolution of production relations was crowned the world champion on different continents, and recruited underlying technologies and experiences, accomplishments, and depict significant Marketization gene is an and systems. For example, labor and of containers in 1996, and it has been employees from different countries and and it is also exploring and developing changes to Shenzhen in the past 40 years. inseparable part of CIMC employment system, cadre recruitment holding the championship for 23 years. regions. China’s reform and opening-up core technologies and management Please stay with us for inspiring stories! system, wage distribution system, policies have put CIMC on a road to the philosophy with CIMC characteristics, so “Frankly speaking, at the beginning of housing system, social insurance system, CIMC does not content itself with the legendary globalization. that the Chinese company can work as At the foot of Dananshan Mountain the reform and opening-up, CIMC and shareholding system are quite common edge on its opponents in the container a core and allocate global resources in and on one side of the old passenger its peers were established to pave a today, but they were puzzles at that very industry. The sober-minded company At first, like most domestic enterprises, accordance with the optimal allocation wharf of Shekou, there noticeably way for followers. Fortunately, we step time for Shekou and for CIMC – a small has taken advantage of China’s strategic CIMC actively strove to get aligned with concept popular on global markets. For stands a container-shape building – the onto that way and get there”, said Mai company operating in humble workshops. adjustment of its economic structure and international standards and introduced example, the “Lighthouse Program”, which headquarters of China International Boliang – a gentleman serving as the Though with “China” in its company name, the economic globalization across the international technologies to compete is adopted in China for the upgrading of Marine Containers (Group) Ltd. (CIMC), a Group’s president since 1993 during the yet CIMC was born with marketization world and sought business expansion with foreign companies. For example, it semitrailers in an all-round way, can be Shenzhen-based model manufacturing interview. CIMC’s development course was gene in its bone and blood. on the basis of its standard machine has developed better refrigeration and fully introduced to Europe and America enterprise, and it is sparkling in the late full of ups and downs, though it was a manufacturing system created and foam technologies by introducing and for the reconstruction of local production autumn sunlight. Sino-foreign joint venture and introduced CIMC’s management said that the improved over the years. At present, it renovating German technologies; and lines; and the CEO of its company in the some foreign advanced management marketization gene is the most precious leads in many manufacturing sectors it has manufactured better liquid tank US may have the opportunity to be a Amidst cannons fired to secure a large experiences. In 1985, it was at the verge asset the company gets from China’s such as in vehicles, energy, chemical and containers and collapsible containers by member of the board of directors of its amount of heavy rocks and ballast for of bankruptcy due to the foreign partner’s reform and opening-up and the food equipment, offshore engineering renovating British technologies. UK-based company. the reclamation of land that was used insufficient understanding of China and precondition for CIMC’s development. equipment and airport facilities and has for the construction of Shekou Industrial its people and growth slowdown on about 20 world champion-level products. After China was admitted to WTO, CIMC CIMC’s management noted that as a Zone, a move that marked the start of international container market. Finally, CIMC keeps improving takes bigger steps forward on its way of representative enterprise in China’s China’s reform and opening-up, CIMC the foreign company withdrew most of and upgrading its CIMC aims to develop and manufacture “going out”. It has successfully acquired exploration of global operation, CIMC has was established on a joint investment its investments. At the same time, after manufacturing system products at the world champion level international famous manufacturing added much higher value to globalization, of 3 million dollars by China Merchants staff cutbacks, the company had only 59 each time it decides to access to a market enterprises and extended its businesses and this will benefit rest of the world than Steamship Navigation Company and the employees, and they barely supported the CIMC’s survival and rapid development segment. Its comprehensive and effective to more countries and regions since it cheap cargos do. In the global industrial East Asiatic Company Ltd. in 1980, and daily production. Later, CIMC received its comes from the development direction industrial manufacturing system, which began to pool together international division system, Chinese enterprises have it began formal production in 1982. Mr. life-saving investment from COSCO Group. steered by the prosperity and the big grows and improves since it began the technologies, talents and brands through been increasing their value going up and Yuan Geng was CIMC’s first chairman, and market created in the opening-up. Mai production of containers, has been playing acquisition and merger in 2003. playing more and more diverse roles. Mai Møller-Maersk was general manager then. “Besides personnel, what makes us get noted that under the guidance of the crucial roles. Its championship model Boliang said: “there may be problems and through the tough days and then embrace opening-up policies, China took part in can be transferred to similar product The employment of international talents even setbacks with globalization, but I Today, a number of Sino-foreign joint unprecedented opportunities is the global industrial division of labor, and its categories and its achievements can be and the integration of international am pretty sure that the trends cannot be ventures established during the same innovation awareness, down-to-earth attitude cheap labor force and gradually improved copied, so CIMC is well known as “Xeroxed management experiences have enriched reversed.” period have been eliminated in the and hard-working spirit, market-oriented industrial production system attracted the world champion”. the connotation of internationalization increasingly fierce market competition. concept, international vision and elaborately inflow of considerable foreign investments, and turned it into the operating idea But CIMC survives, and what it does designed systems, which were created and and the world’s manufacturing center was CIMC explores global of “Global Operation, Local Wisdom”, is more than “survives” – it booms! developed when Shekou took the first step later relocated on this oriental land. operations amidst opening- that is to say to enable its member Photographer & author: Wu Dequn, With painstaking efforts, independent in reform and opening-up practices”, said Mai, up practices companies and subsidiaries worldwide Chief Correspondent of innovation endeavors and transformation “with efficient systems, we have got high- Thanks to the huge volume of trades to access to standard board of directors Shenzhen caliber talents; with such systems and talents, and upgrading attempts, CIMC grows into brought by industrialized production Mr. Mai Boliang is a gentleman, but he governance models, purchase, market Special Zone Daily

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Mai, a Chinese “industrial entrepreneur” and his philosophy

management improvement, so they A start-up without the Through horizontal comparison, it is in Europe. Many of them knew that have already had what it takes to go protection from domestic easy to find that different from a number Shenzhen was an emerging city in China; further during China’s transformation of market of large state-owned enterprises and and in Shenzhen, “Mr. Mai” was doing its economic growth models. private enterprises to reap the great pretty well in the building of containers, Different from headquarters buildings dividend of the domestic market, the and he paid attention to integrity. Even China International Marine Containers of Ping An and Tencent, the buildings proportion of CIMC’s foreign sales so, he faced a lot of difficulty in the (Group) Ltd. (CIMC) is a typical enterprise of CIMC’s headquarters in Shekou is not amount to the Group’s total ranks top in development of overseas markets. in the first category. Established at that eye-catching, but it is erected at all large enterprises in China. Shekou in 1980, CIMC has become the foot of a mountain and near the sea. In 1989, Mai took a flight from Hong one of top advanced manufacturing Huawei, a well-acclaimed company, has Kong, changed the plane at Frankfurt. enterprise under the leadership of its When interviewed by the reporter suffered from declining proportion of After 20 hours, he arrived in French, and helmsman Mai. The proportion of its from the South Review, Mai Boliang just overseas sales amount over the years. In he jumped into a taxi to CMA CGM for a sales amount to the Group’s total sales returned to his office after attending 2017, the proportion dropped to 50%. business talk with its purchase manager. amount is comparable to that of Huawei. an activity and wore a souvenir T-shit In this context, it shifts the focus to However, the manager did not say “hi” In particular, CIMC is on its way to the with noticeable five-starred red flag domestic market for growth and profits. to the young man. 10 minutes later, he world’s top level in the hi-tech sector, for logo. Unlike the leisurely manner of a wrote an “order” for 5,000 containers and example, offshore engineering. large number of elites, Mai speaks with Though CIMC is partially funded by then handed the note to Mai, saying “if exquisite logic and forthright tone, so the State, it has been competing with Ye, sign it; if No, get out and close the Mai Boliang is one of the first group of it is fair to say that he can immediately foreign companies since the inception door.” container engineers in China. His start- touch people in a crowd room. instead of battling for markets with up courses in CIMC can be depicted private enterprises. In 1996, CIMC’s The unbelievably low price was an icy as the history of the rise of China’s It is such charm and inspiration that container business surpassed that of contempt for Chinese enterprises. But industry. He is the champion of Shekou leads more than 50,000 employees out Hyundai and Jindo and ranked first in he managed to keep his temper under Spirit, and his story is well known and the world. Today, CIMC is the champions control, saying “yes, and this is for my 20 China needs real entrepreneurs of growth slowdown after the financial manufacturing enterprises, Internet inspiring to new generation of start-up in 20 market segments, such as boarding hours of flight here; no, you did not offer – someone who do not arbitrage crisis of 2007–2008. enterprises, and financial and real estate entrepreneurs. bridges and vehicles. “This is not me a chair or a cup of coffee. Now, you production factors in China for the enterprises. The rise of the last two types enough. I hope we can have 30 number tell me, yes or no?” mere purpose of earning money, but In 2017, CIMC achieved business is largely attributed to the best use of Actually, the unique philosophy that ones when I retire.” someone who have big pictures and revenue of 76.3 billion yuan, increasing China’s huge market dividend, while the Mai has developed during his start- Mai’s humor, self-confidence and have lived up to and beyond the criteria 50% year-on-year and reaching a rise of the first type is a totally different up courses in the past 3 decades His pride and courage comes from his honesty immediately impressed the of being “industrial entrepreneurs”. Their record high. More importantly, CIMC story. matters more. Especially, when China’s insight into the changes of international Frenchman. He asked the secretary to start-up courses have nothing to do with has grown into a real globalized big transformation of its economic growth industrial trends, and his keenness and pour Mai a cup of Coffee, and then they the arbitrage of production factors, but manufacturing enterprise. Regionally, When the first type of enterprises rises, models has entered into a critical confidence brought by his career in the began to talk. Since then, the French merely relate to the improvement of its business revenue from China’s they are not standing under the umbrella stage, his philosophy bears significant past few decades. company has been working together technologies of the nation. market grew 39%, but the business of domestic market. On the contrary, they meanings for the governance and revenue from foreign markets with CIMC. directly access to international markets renovation of big enterprises and At the end of the 1980s, Mai rose to During China’s reform and opening-up accounted for 57% of the Group’s total. and compete with foreign opponents for the exploration of routes to fame in the circle of clients at the Under Mai’s leadership, CIMC has grown practices, Shenzhen has seen the rise of Among them, US market and European from the very beginning. They focus technological advancement of the downstream of container industrial from a small plant at the verge of three types of star enterprises: advanced market contributed the larger parts, more on technological innovations and nation. rising by 90% and 123% respectively. chain, for example, shipping companies bankruptcy and with 59 employees into

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a multinational manufacturing group Mai will unintentionally call his CIMC is generous with its support to Shekou Spirit highlights endeavor and Mai also admitted that there will much with annual sales amount exceeding 70 colleagues or subordinates as “buddy”. the young entrepreneurs, and this is Dream to erect the “pillar innovation of systems. Over the past more difficulties to fully access to billion yuan and over 50,000 employees. Today, CIMC’s management teams are important.” of the nation” 30 years, Mai takes CIMC to a new level. offshore engineering business than to This course is definitely one of the most composed of people from different Then here comes the problem: what is manufacture large airplanes, because In some sense, Mai has totally heroic legends for Chinese enterprises. countries: the core members that have For example, CIMC Intermodal is an CIMC’s next new high? CIMC cannot enjoy the advantage of However, this achievement cannot be participated in the start-up of the Group excellent start-up. Its business model revolutionized Chinese people’s domestic markets. China’s 3 state-owned definition of entrepreneurs since the accomplished merely dependent on and the newly admitted management is not complex. The company improves In June 2018, Chinese President Xi airlines are the world’s largest buyer country’s adoption of the reform and courage. Mai’s practice and exploration members after domestic and foreign logistics efficiency for its clients by Jinping visited Yantai Manufacturing of civil airplanes. With the support of opening-up policies. In normal context, of enterprise governance in the past 30 acquisitions and mergers are completed. interconnecting multiple transportation Base of CIMC Raffles in the rain. the central government, large airplane there is minor difference between decades has provided the most reliable In addition, there is management staff means through information technology. Learning that Blue Whale One made manufacturers will receive numerous entrepreneurs and majority shareholder. basis for the miracle. from foreign investment banks and The start-up may achieve business two world records of the longest orders. This is quite different from However, the misunderstanding is to management consultation firms. revenue of 1 billion yuan in 2018, and CIMC’s situation. Mr. Mai has to directly blame for some problems with China’s unstopped extraction of gas and the Balance between “Common it has operated over 20 rail cargo trains. largest output of extracted gas in 2017, compete with foreign opponents. Taking Cause” and the responsibility “It is not easy to get permits from capital market. drilling platforms as an example, they to shareholders Though the personnel structure is Xi encouraged the company to achieve diversified, yet with the efficient railway authorities. CIMC’s resources and mainly work at the Gulf of Mexico and During a long period of time, some further breakthroughs, saying that “the organization and the flattened reputation established over the years the North Sea in Europe, and buyers are Mai Boliang is a natural leader. He came people believe that with the help and core technologies cannot be bought. management, the big family of over have worked in this regard, and it helps mainly foreign oil giants. This means to Shenzhen and worked for CIMC at a support of Mr. Yuan Geng, the creator Independent innovation is the only way 50,000 members – 15% of them working the young men a lot.” there is no short-cut, and CIMC has to right time, and this is a blessing for the of Shekou Miracle, a large group of that we can have such core technologies abroad permanently, is always living in win with its technologies and services. Group and for him. enterprises grow at Shekou by processing of our own. I am confident in CIMC harmony. “At the date to celebrate the Another typical example is CIMC’s products with imported materials. These Raffles, and hope you can make more anniversary of CIMC’s formal production, electronic express delivery picking When Mai decided to access to the When in middle school, Mai was enterprises all have a unique governance efforts in independent innovations.” all staff worldwide will raise CIMC flag machine business. CIMC sold its offshore engineering business, there seldom considered to be a good model – existence of double majority and sing CIMC anthem.” Mai believes equity interest to Shenzhen Hive Box were some doubts, but he believed it student. Since he mastered most part shareholders or separation of power The offshore engineering business that there is cultural difference between Technology Co., Ltd., a subsidiary of was CIMC’s responsibility to get the job during preparation for lessons before among shareholders. This model could represented by the Blue Whale One is Chinese and foreigners, but this should S.F. Express. Mai said that S.F. Express, well done, saying that the majority of class, he always seemed to be absent- prevent enterprises from political risks Mai’s next focus. He became very excited not be exaggerated. What matters most China Post and Ali Cainiao have greater CIMC are enterprises directly under the minded at class. Later, he was forced to at that time and maximally inspire the when talking about the new focus. His is interest and respect. Therefore, an advantage in the express delivery control of the central government, and work in rural areas during the Cultural entrepreneurship. two points have shown the balance international enterprise must use the picking machine business, so there is they represent the nation; at the same Revolution. After China resumed between the market orientation and the “Common Cause” to bind everyone no possibility to be the champion of the time, many Institutional investors hold the college entrance examination in But when viewed from different responsibility of an entrepreneur: together. sector. Though the Group withdrew from H shares and A shares of CIMC, and they 1997, he scored the highest points the start-up, it was well rewarded. CIMC perspectives, we can find that a large are all long-term investors paying much in all science students in Zhaoqing, number of start-up entrepreneurs Firstly, there is huge potential on For Mai, the essence of management lies sold its stakes in the electronic express attention to the value of an enterprise in Guangdong Province and was admitted benefited from the dividend of the offshore engineering market. The ocean in incentives. This logic can be used to delivery picking machine business, an the long run. Therefore, CIMC’s access to to the Machinery Department South system innovation, but a small number covers 70% of the earth’s surface. In interpret the success of China’s reform incubated start-up for not more than 3 the sophisticated offshore engineering China Institute of Technology. years by the Group, to Shenzhen Hive of them have made their enterprises recent years, more and more oil and equipment manufacturing business is and opening-up, the rise of Shenzhen Box Technology Co., Ltd at a price over bigger and stronger, and CIMC is the gas discovered and produced by large the unity of shareholder’s long-term and the growth of CIMC. As one of the In 1982, Mai came to Shekou after 800 million yuan, which directly added one and only start-up that grows into oil companies at deep sea. Therefore, interests and the country’s long-term first group of start-up entrepreneurs, he graduation. He was recruited by net profit of 400 million yuan to the an international manufacturing giant. it is necessary to extend businesses to interests. said that it is not easy for youngsters to CIMC, and his first job was container Group in the financial year. this field; start businesses nowadays; therefore, old technician. Due to an unexpected event, The majority shareholders of CIMC are “China has 20% of the world’s entrepreneurs and grown-up enterprises China Merchants Group and COSCO. his leadership was quickly detected. For Mai, internal start-up is a multi-win. Secondly, the offshore engineering population, the ocean covers 70% of the and groups should give them more Mai is more an entrepreneur than a For young men, the availability and business can tremendously improve earth’s surface, and we are not a marine CIMC was a Sino-foreign joint venture at guidance and support. professional manager. accessibility to CIMC’s platforms and the technological progress in relevant power, which is totally unbelievable the beginning. As the foreign business resources will raise the possibility of and unacceptable. I learned the science CIMC has made a good example in manufacturing sector, equivalent to partner, East Asiatic Company Ltd success, and this is CIMC’s fulfillment His start-up story totally conforms to the about machines at school, and it is my this regard. According to Mai, CIMC is the importance of manufacturing was responsible for the operation of of its responsibility for the sustained economist Joseph Alois Schumpeter’s lifelong dream to have successfully now implemented start-up program large airplanes. “When we began to the company, and CIMC’s first general career development of its staff; for CIMC, definition of entrepreneurs. manufactured the world’s most difficult specially targeted at young staff. For manufacturing drilling platforms, China manager was a Danish man. The foreign to hold equity interest in start-ups with equipment. Everyone knows it is hard, most of programs, the Group will hold could not manufacture some steel management and the Chinese workers strategic value and advantages and to For Schumpeter, carrying out innovation and I know it is hard too. But if none 80% of equity interest, while the start-up materials and equipment special for were ever in serious conflict due to withdraw from other start-ups will better is the mission of entrepreneurs; of does it, who will”, said Mai with entrepreneur holds the 20%. Start-up these platforms. It gets much better difference in operating ideas. Finally, the balance the financial rewards. Therefore, entrepreneurship resulted in new determination and ambition. difference escalated into a mass event. entrepreneurs can take advantage of production functions and in new now, and we can purchase most of the the model is the recreation of the steel material in China, but the core CIMC’s platforms and resources to push “Common Cause” in the new era, and it combinations of currently unavailable equipment such as drilling systems and Under this circumstance, Mai, a newly forward their businesses. is also beneficial for CIMC’s development inputs of production factors and dynamic positioning system must be recruited engineer with considerable in the long run. In this sense, this is production conditions into economies. imported. This means as long as CIMC English proficiency, remarkable ability At present, over 20 projects have been a new way to be responsible for the In another word, entrepreneurs work truly makes its offshore engineering and favorable relationship with Chinese incubated under this program. “We have shareholders of the Group. more on the innovation of systems, and workers, came to the mind of the Danish not had a failure yet. Why?” said Mai, “on optimize production elements (people, business bigger and stronger, we can leader. Then he asked Mai to negotiate one side, we have got excellent young funds and tangible and intangible promote the development of domestic industries and technologies, such as with workers. That night, Mai drank beer employees. They are quite familiar with conditions) through such innovations, Author: Tan Baoluo, South Review with the workers. Next day, the workers the Internet, artificial intelligence and so as to improve productivity and well- the metallurgy industry and the ocean returned to work. the change trends; on the other side, being of people. technology.”

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China’s economic system was Siemens also serves a large number It is the best ever deal to immediately reinvigorated after the of China’s significant projects with be a part of China’s reform reform and opening-up policy was put strategic importance, such as Baosteel, and opening-up practice into practice. Within the first year of Three Gorge Project, South-to-North the establishment of its China office, Water Diversion Project, and West-to- For Siemens, the year 1978 witnessed Siemens achieved sales revenue 50 East Natural Gas Transmission Project. the most consequential events in its million Deutsche Marks. 3 years later, For Herrmann, Siemens’ brilliant milestone of business development in its sales revenue rose to 150 million performance cannot be alienated China. Deutsche Marks. As the business kept from China’s reform and opening- going up, the Chinese office got too up over the past 40 years. He told On December 3, Peter von Siemens, many documents, and even its bathtub the People’s Daily that China’s reform the great-son of the founder and then was filled with inquiries, letters, and opening-up is not merely about Chairman of the Supervisory Board catalogues and price lists. itself, and it has inspired the world, of Siemens AG, attended the ribbon- saying “within the past four decades, cutting ceremony for Siemens exhibition In 1984, Dr. Karlheinz Kaske (German Siemens has established and developed “Electrical Engineering and Electronics” manager and CEO of the Siemens AG its relationship with the Chinese in Shanghai. Nearly 40,000 visitors came from 1981 to 1992) visited China. He told government and Chinese people, and to the show. Chinese officials that he had a dream Siemens and its Chinese business that one day, each Chinese were able to partners have jointly promoted the On December 18, the 3rd Plenary Session spend 1 Deutsche Mark (today, it equals electric, automatic and digital process Peoples’ Daily illustrates China’s reform and opening-up success of the 11th Central Committee of the to sales revenue of 450 million euros a and transformation of China’s industries.” Communist Party of China opened and year) on Siemens products each year. with Siemens and CIMC stories inaugurated the reform and opening-up Herrmann hails China’s ambition to policy. In January 1979, Siemens entered His dream has come true, but in a much further deepen reforms and widen into a memorandum of understanding bigger version: according to the newly opening-up for more innovation, (MOU) with China’s former Ministry of released financial report, Siemens’ sales manufacturing and construction People’s Daily, an official newspaper “In 1990, I once took a business trip to companies will make bids as a complex Machine-Building Industry and began to volume exceeded 8.1 billion euros in opportunities in the new era, and of the Chinese Communist Party with Shanghai and talked with its government to extend their reaches into new offer automatic cold rolling equipment 2018, a year-on-year increase of 12%. believes that China and Germany will a circulation of 3 million worldwide, officials. At the Bund (Waitan), an official businesses, and explore the intelligent to Baoshan Steel Plant which just began cooperate more on Internet plus, digital published the news story about how pointed to the other side of Huangpu transformation and smart manufacturing its formal production. Since then, Siemens is now providing technical manufacturing, new energy vehicles, etc. a German company and a Chinese River and told me the new Shanghai based on Industry 4.0. This has fully Siemens has been active in China and support for over 167,000 Chinese As the champion of China’s reform and company have benefited from China’s would be built there”, recalled Mr. demonstrated Siemens’ confidence achieved rapid growth. industrial enterprises and taking opening-up, he is pleased with China’s reform and opening-up at the A3 page Lothar Herrmann in a recent review in the future of China’s economy and part in the construction of 18 HVDC promise that “China will unswervingly for Big News on December 23. Under with the People’s Daily in Munich, CEO signaled its desire for more cooperation In 1981, a Siemens representative transmission lines. Its signal system is stick to the reform practice” and “China the title of A Tale of Two Companies: of Siemens Greater China. “I believed with Chinese business partners. office opened in Beijing. The 33-year working for 33 metro lines in 15 cities, will never close its door to the outside from Strangers to Family Members, the Shanghai would boom. But like this? It old Ernst H. Behrens (President and and its turbine technology is being world; on the contrary, China will open story depicted the impact of China’s 40 is unbelievable!” Siemens is a household name in China. CEO of Siemens China from 1997 to used by over 45% of thermal power the door wider and wider”, saying “we years of reform and opening-up to two Similarly, the “CIMC” logo can be seen 2004) was appointed as Siemens China generation plants. In particular, over 650 are all big fans and supporters of China’s companies and their successful business Today, Shanghai has become the frequently whether it is at Hamburg Port, Representative and started the business Chinese cardiac patients will undergo reform and opening-up, because for expansion and cooperation attempts, second largest settlement for Siemens it is at Paris Airport or it is everywhere operation at Xidan Minzu Hotel. surgeries supported by Siemens medical multinational companies like Siemens giving a vivid picture of the country’s employees. This has in part reflected in Europe. Established at Shekou, a equipment each day. and the rest of the world, it will be the brilliant achievement in the past four the achievement the German company then small fishing village in Shenzhen Many years later, Behrens recalled the decades. has accomplished in China – its second nearly 40 years ago, CIMC has grown days in the 1980s. Every morning, he largest overseas market. As the first into the world’s most admired company rode a bike to the Business Negotiation It is noteworthy that CIMC is one of multinational company that has ever in its industries through introduction Building of the Ministry of Foreign Trade illustrious heroes of the story. Since established a shareholding company of foreign capital and promotion of and Economic cooperation to collect its inception, the Chinese company in China after the country made the technology and know-how transfer and letters to Siemens, most of which were has making and enhancing its global reform and opening-up decisions and international cooperation. inquiries about Siemens products. The presence, and participating in and took concrete actions, Siemens has representative office then telexed such contributing to the development of witnessed and benefited the inspiration China’s 40 years of reform and opening- information to Siemens branch based globalization, but how does it make all of the oriental country’s daring move to up has tremendously impacted the Hong Kong or the headquarters in these things happen? The news story the world. development of the pair of companies Germany for product catalogues and on the People’s Daily gave the answer by and fostered their business expansion quotations. At that time, the Business presenting the dramatic changes in the In August 2018, Siemens and CIMC and cooperation attempts, giving a Negotiation Building was located at relationship between China and the rest Raffles – a subsidiary of China vivid picture of the country’s brilliant Erligou. of the world in the past 40 years. International Marine Containers (Group) achievement in the past four decades Ltd. (CIMC), renewed their strategic To familiarize his German colleagues The full text of the article is as follows: cooperation agreement. The two with the pronunciation of the Chinese address, Behrens coined the term “Early Go” for “Erligou” and ended his telexes with “from Early Go”. In this case, the German staff thought “Early Go” was a very important person, and they replied back courteously by starting with “Dear Mr. Early Go”.

42 CIMC today CIMC today 43 今日中集 今日中集 媒体报道︱ media comments

best ever deal to be a part of China’s The success cannot be achieved without company and Ziemann as “family reform and opening-up practice”. China’s reform and opening-up. members”.

Obviously, a large number of German In January 1979, Shekou Industrial Zone On a complementary basis, Ziemann and companies are confident in the future – China’s first industrial zone opening companies from Netherlands and the UK of China. For example, Volkswagen, up to the outside world was established have become the backbone of CIMC’s Daimler, BMW and BASF have at Bao’an County, Guangdong Province; food equipment business, and they have successively announced their plans to in 1980, CIMC was established on a jointly won the orders from industrial increase investments of over 20 billion joint investment by China Merchants giants such as Carlsberg and Budweiser euros in total in China since last year. Steamship Navigation Company and the and represented about 40% of China’s East Asiatic Company Ltd. at Shekou. market shares. Chinese companies push Mr. Yuan Geng, the winner of Reform forward the globalization Pioneer Medal, was the first chairman of Mr. Yang Xiaohu, General Manager processes of companies in the container maker. of CIMC Enric, told the People’s Daily developed countries that after the acquisition of a foreign At the beginning of the 1980s, company, CIMC will not only absorb For Siemens, the past four decades an agricultural machine repairing and renovate its advanced technology are a period of extending its business station was all that the commune- and management experience, but reach deeper and further in China; structured Shekou had for its industrial also empower the company, such as for CIMC, the past four decades are a development foundations. And things to provide it with financing ability, period of going global and enhancing were even worse for CIMC: the output purchase resources, talents, global its international presence and impact. was not more than 8, the business was visions, humanistic care and production close to bankruptcy, and the number of processes and technical renovations at In November, BrauBeviale 2018 – one employees was 59. higher levels. “This is amazing! Chinese of the world’s most important capital companies are pushing forward the goods exhibitions for the beverage However, the structure of CIMC offered globalization processes of companies industry opened at Nuremberg. a beam of hope amidst the gloomy in developed countries”, said Qin Gang, conditions. As a Sino-foreign joint President Assistant of CIMC. Ziemann Holvrieka, a Germany- venture, it accessed to international based company that has an over 160 markets with the opening-up ideas Today, CIMC operates over 30 bricks-and- years lasting tradition in designing, since the inception, which laid solid mortar companies, employs about 7,000 engineering and implementing foundations for its global operations. employees and earns 60% of its business turnkey projects for new breweries, With further deepening of the reform revenue abroad. As a representative showcased its exhibits at the center and opening-up practice, CIMC quickly Chinese enterprise to go global and of the exhibition hall, with its logo developed its businesses and strength carry out win-win cooperation, CIMC and the logo of CIMC hung at the by connecting foreign advanced is now playing a diverse range of entrance to the exhibition booth. In technologies with its domestic important roles in the global industrial 2012, Ziemann was at the verge of manufacturing business and market. division system. bankruptcy due to poor operation, and For example, the acquisition of TGE then it was bought out by CIMC Enric, Gas Engineering tremendously in 2008 Siemens and CIMC, the two companies a business segment of CIMC. has improved CIMC’s ability to handle that have benefited from China’s natural gas storage and transportation reform and opening-up and achieved After the business acquisition, business; and the acquisition of time- remarkable success, are working Ziemann turned losses into profits honored firefighting truck manufacturer together for a better future in the new within less than 2 years. Today, CIMC Ziegler Group in 2013 has taken the era. has become one of three suppliers of business of CIMC’s Airport Facilities beer equipment and EPC (engineering, Segment to the high-end level. And their stories have pictured the procurement and construction) service impact and inspiration of China’s in the world, accounting for over 30% Managing Director and CEO Mr. Ko practice of reform and opening-up to of global market shares. Miraculously, Brink told the People’s Daily that after the world in the past 40 years. it takes less than 10 years for CIMC the acquisition, Ziemann has quickly to make it into the world’s top three. accessed to China’s market, and CIMC’s The great miracles have occurred in advantages in global operations have a number of product segments, such brought Ziemann wider international as containers, semitrailers, natural gas visions and better development storage and transportation equipment opportunities. He described the and boarding bridges. relationship between the Chinese

44 CIMC today 今日中集