5G Use Cases for Verticals in China
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CRRC Corp -H 1766.HK, 1766 HK Outlook Bullish
Asia Pacific Equity Research 30 October 2016 Overweight CRRC Corp -H 1766.HK, 1766 HK Outlook bullish. Weak Q3 and delayed orders factored Price: HK$7.15 ▼ Price Target: HK$12.50 in. Maintain OW Previous: HK$13.00 3Q16 result expectedly weak; guidance turned positive with MU China demand outlook raised. CRRC reported 3Q NPAT of Rmb2.7B, -16% Infrastructure, Industrials & Y/Y as revenue fell 4% Y/Y while GPM slipped 1.1ppts Y/Y. These Transport results were largely expected in light of CRC’s muted procurement Karen Li, CFA AC YTD. However, we observed that guidance was noticeably more bullish (852) 2800-8589 (inside for takeaways from the briefing) despite the near-term earnings [email protected] Bloomberg JPMA KLI <GO> pressure in 4Q16. Mgmt expects this year's pent-up orders to be released J.P. Morgan Securities (Asia Pacific) Limited soon with CRC's leadership transition completed, while highlighting the robust MU demand in coming years driven by new product sales, rising Price Performance aftersales services, and increasing MU density. We remain positive on 10.5 the demand outlook for rolling stock in China, recommending switching 9.5 HK$ to late cycle railway capex plays over E&C contractors. Our new Dec-17 8.5 PT is HK$12.5 for CRRC-H; maintain OW. 7.5 6.5 CRC leadership transition completed; pace of procurement to Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 1766.HK share price (HK$) accelerate into year-end. Mgmt was optimistic that this year’s long- HSCI (rebased) awaited orders will be released soon, highlighting CRC's new chief Mr. -
Examples for Business Scenarios in Manufacturing Industry Published By: Deutsche Gesellschaft Für Internationale Zusammenarbeit (GIZ) Gmbh
GLOBAL PROJ T Quality Infrastructure Examples for Business Scenarios in Manufacturing Industry Published by: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Registered offices Bonn and Eschborn, Germany Global Project Quality Infrastructure Tayuan Diplomatic Office Building No.14, Liangmahe Nanlu, chaoyang District Text 100600 Beijing, PR China Standardization Council Industrie 4.0 DKE Deutsche Kommission Elektrotechnik E [email protected] Elektronik Informationstechnik in DIN und VDE, I www.gpqi.org 60596 Frankfurt am Main Design/layout: National Intelligent Manufacturing Standardisation Administration Group Iris Christmann, Wiesbaden China Electronics Standardization Institute, No.1 Andingmen East Street, Dongcheng District, Beijing, 100007, China Photo credits: Depositphotos Authors/Experts CHEN Jiangning, Siemens Ltd. China; CHENG Yuhang, China Electronics On behalf of Standardization Institute (CESI); CHEN Zhiman, Zhuzhou CRRC Times Federal Ministry of Economic Affairs and Energy (BMWi) Electric Co., Ltd.; Wolfgang Dorst, ROI Management Consulting AG; Lucas Gierging, Spanflug Technologies GmbH; Dr. Hannes Leonardy, UNITY AG; Beijing, China 2020 Prof. Dr. Ulrich Loewen, Siemens AG; ZHAO Haitao, Siemens Ltd. China A joint project of: EXAMPLES FOR BUSINESS SCENARIOS IN MANUFACTURING INDUSTRY 3 Contents Introduction ....................................................... 4 Background.........................................................4 Common Understanding of “Use Cases”....................................4 Objectives -
Interim Report 2020 Sany Heavy Equipment International Holdings Company Limited 1 Financial Summary
Contents Financial Summary 2 Corporate Information 3 Chairman’s Statement 4 Management Discussion and Analysis 6 Disclosure of Interests 15 Corporate Governance and General Information 22 Directors and Senior Management 25 Interim Condensed Consolidated Statement of Profit or Loss 32 Interim Condensed Consolidated Statement of Comprehensive Income 33 Interim Condensed Consolidated Statement of Financial Position 34 Interim Condensed Consolidated Statement of Changes in Equity 36 Interim Condensed Consolidated Statement of Cash Flows 38 Notes to Interim Condensed Consolidated Financial Information 39 Interim Report 2020 Sany Heavy Equipment International Holdings Company Limited 1 Financial Summary Six months ended 30 June (RMB: ’000) 2020 2019 (Unaudited) (Unaudited) Increase (%) Revenue 3,815,076 3,043,706 25.3% Gross profit 1,030,096 943,993 9.1% Profit before tax 753,952 640,283 17.8% Net profit 638,619 552,763 15.5% Profit attributable to owners of the parent 639,705 551,732 15.9% Total assets 17,390,102 13,332,412 30.4% Total equity 7,409,704 6,774,283 9.4% Cash flows of operating activities 648,604 515,687 25.8% Cash flows of investing activities (1,180,500) (521,098) 126.5% Cash flows of financing activities 466,877 (176,147) (365.0%) Earnings per share1 – Basic (RMB Yuan) 0.21 0.18 16.7% – Diluted (RMB Yuan) 0.18 0.15 20.0% Six months ended 30 June (Percentage) 2020 2019 Increase (%) Gross profit margin 26.2% 30.5% (4.3%) Percentage of profit margin before tax attributable to shareholders of the Company2 19.8% 21.0% (1.2%) Assets turnover 23.2% 23.2% – Gearing ratio 57.4% 49.2% 8.2% Average total assets (RMB’000) 16,468,269 13,128,553 25.4% 1 The weighted average number of ordinary shares for the six months ended 30 June 2020 was 3,104,960,486 (six months ended 30 June 2019: 3,061,638,898), details of which are set out in note 9 to the interim condensed consolidated financial statements. -
Jiangsu(PDF/288KB)
Mizuho Bank China Business Promotion Division Jiangsu Province Overview Abbreviated Name Su Provincial Capital Nanjing Administrative 13 cities and 45 counties Divisions Secretary of the Luo Zhijun; Provincial Party Li Xueyong Committee; Mayor 2 Size 102,600 km Shandong Annual Mean 16.2°C Jiangsu Temperature Anhui Shanghai Annual Precipitation 861.9 mm Zhejiang Official Government www.jiangsu.gov.cn URL Note: Personnel information as of September 2014 [Economic Scale] Unit 2012 2013 National Share (%) Ranking Gross Domestic Product (GDP) 100 Million RMB 54,058 59,162 2 10.4 Per Capita GDP RMB 68,347 74,607 4 - Value-added Industrial Output (enterprises above a designated 100 Million RMB N.A. N.A. N.A. N.A. size) Agriculture, Forestry and Fishery 100 Million RMB 5,809 6,158 3 6.3 Output Total Investment in Fixed Assets 100 Million RMB 30,854 36,373 2 8.2 Fiscal Revenue 100 Million RMB 5,861 6,568 2 5.1 Fiscal Expenditure 100 Million RMB 7,028 7,798 2 5.6 Total Retail Sales of Consumer 100 Million RMB 18,331 20,797 3 8.7 Goods Foreign Currency Revenue from Million USD 6,300 2,380 10 4.6 Inbound Tourism Export Value Million USD 328,524 328,857 2 14.9 Import Value Million USD 219,438 221,987 4 11.4 Export Surplus Million USD 109,086 106,870 3 16.3 Total Import and Export Value Million USD 547,961 550,844 2 13.2 Foreign Direct Investment No. of contracts 4,156 3,453 N.A. -
China and Weapons of Mass Destruction: Implications for the United States
China and Weapons of Mass Destruction: Implications for the United States China and Weapons of Mass Destruction: Implications for the United States 5 November 1999 This conference was sponsored by the National Intelligence Council and Federal Research Division. The views expressed in this report are those of individuals and do not represent official US intelligence or policy positions. The NIC routinely sponsors such unclassified conferences with outside experts to gain knowledge and insight to sharpen the level of debate on critical issues. Introduction | Schedule | Papers | Appendix I | Appendix II | Appendix III | Appendix IV Introduction This conference document includes papers produced by distinguished experts on China's weapons-of-mass-destruction (WMD) programs. The seven papers were complemented by commentaries and general discussions among the 40 specialists at the proceedings. The main topics of discussion included: ● The development of China's nuclear forces. ● China's development of chemical and biological weapons. ● China's involvement in the proliferation of WMD. ● China's development of missile delivery systems. ● The implications of these developments for the United States. Interest in China's WMD stems in part from its international agreements and obligations. China is a party to the International Atomic Energy Agency (IAEA), the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), the Zangger Committee, and the Chemical Weapons Convention (CWC) and has signed but not ratified the Comprehensive Nuclear Test Ban Treaty (CTBT). China is not a member of the Australia Group, the Wassenaar Arrangement, the Nuclear Suppliers Group, or the Missile Technology Control Regime (MTCR), although it has agreed to abide by the latter (which is not an international agreement and lacks legal authority). -
SINOPEC Lubricants for Off-Highway Equipment S in O PE
SINOPEC Lubricants For Off-Highway Equipment SINOPEC Working Together For Wonderful Future For Wonderful Together Working SINOPEC Lubricant SINOPEC Lubricants for Off-Highway Equipment Contents Company Introduction Lubrication Solution for Off-Highway Equipment Major Lubricants for Off-Highway Equipment Integrity Leads To Win-Win Cooperation Introduction Sinopec Lubricant Co., Ltd. is a company specialized in lubricant marketing Lubricant Co., Ltd. has been committed to providing lubrication service for established by China Petrochemical Corporation (hereinafter referred to as “Shenzhou” series manned spacecrafts and “Chang’e” series lunar exploration “Sinopec Group”) to meet competition in the international lubricant market. satellites, making great contributions to the development of Chinese aeronautics Sinopec Lubricant Co., Ltd. has 12 lube oil & grease blending and manufacturing and astronautics course. Sinopec’s lubrication products completely satisfy the branches, 5 regional sales centers, 5 regional technical support centers, requirements set by ISO, API, ACEA, etc. 5 provincial sales branches, 3 joint ventures, 1 overseas subsidiary and 9 Keeping pace with the development of off-highway vehicles, Sinopec Lubricant RYHUVHDVRI¿FHVWRJHWKHUZLWKSURGXFW5 'LQVWLWXWHVDQGVWDWHUHFRJQL]HG Co., Ltd. has good cooperation with construction machinery enterprises and ODERUDWRULHV:LWKOHDGLQJLQQRYDWLYHDQG5 'FDSDELOLWLHVDQGZRUOGFODVV production equipments and process technologies, the Company boasts over distinct advantage in off-highway industry. SINOPEC lubricants are extensively 2,000 types of products such as lubricants for internal combustion engine, applied to famous enterprises such as XCMG, ZOOMLION, SANY, Lonking, industrial gear oils, hydraulic oils, greases, antifreezes, brake fluid, metal XGMA and SEM in China. With professional lubricants, Sinopec Lubricant Co., working fluids, Marine oils, lubricant additives, etc. divided in 21 categories, Ltd. -
Argus China Petroleum News and Analysis on Oil Markets, Policy and Infrastructure
Argus China Petroleum News and analysis on oil markets, policy and infrastructure Volume XII, 1 | January 2018 Yuan for the road EDITORIAL: Regional gasoline The desire to avoid tax has been a far more significant factor underlying imports markets are so far unmoved by a of mixed aromatics than China’s octane deficit. potential fall in Chinese exports The government has announced plans to make it impossible to buy or sell owing to stricter tax enforcement gasoline without producing a complete invoice chain showing that consumption tax has been paid, from 1 March. And gasoline refining margins shot to nearly $20/bl, their highest since mid-2015. Of course, Beijing has tried to stamp out tax evasion in the gasoline market many times before. But, if successful, this poses Mixed aromatics imports 2017 an existential threat — to trading companies and the blending firms that use ’000 b/d Mideast mixed aromatics to produce gasoline outside the refining system, largely avoiding US Gulf 4.39 the Yn2,722/t ($51/bl) tax collected on gasoline produced by refineries. Around 22.59 300,000 b/d of gasoline is produced this way. And that has caused the surplus that forces state-owned firms to market their costlier fuel overseas. Europe But there is little panic outside south China, where most blending takes place. 77.69 The Singapore market is discounting any threat that a crackdown on tax avoidance might choke off Chinese exports — gasoline crack spreads fell this month. China’s prices are now above those in Singapore, yet its gasoline exports show no sign of letting up. -
The Annual World Petroleum & Petrochemical Event
The Annual World Petroleum & Petrochemical Event The largest private exhibition company in China Top 10 Exhibition Companies in China Top 10 Influential Companies in China Exhibition Industry Vice-president Unit of China Convention and Exhibition Society Vice-chairman Unit of Exhibition Committee of China Chamber of International Commerce Zhenwei Exhibition, founded in 2000 and listed on New Three Board market on November 24, 2015 (innovation-layer enterprise, The significantly influential exhibitions held by Zhenwei Exhibition stock code: 834316), is the largest private exhibition company in China, one of the earliest Chinese members of UFI (Union of China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe) International Fairs), and vice-president unit of China Convention and Exhibition Society. Zhenwei Exhibition has developed into China (Tianjin) International Industrial Expo (CIEX) the industry-leading comprehensive service provider of global exhibition focusing on convention and exhibition and integrating exhibition & convention, digital information and e-commerce. Tianjin International Robot Exhibition (CIRE) Shanghai International New Energy Vehicle Industry Expo (NEVE) Headquartered in Binhai New Area, Tianjin and owns Tianjin Zhenwei, Beijing Zhenwei, Guangzhou Zhenwei, Xinjiang Zhenwei, Xi'an Zhenwei, Chengdu Zhenwei and Beijing Zhongzhuang Runda Exhibition. In 2015, Zhenwei Exihibition and Xinjiang China International Electric Vehicle Supply Equipments Fair (EVSE) International Expo Administration -
A Research on Competition and Cooperation Between Shanghai Port and Ningbo-Zhoushan Port
The Asian Journal of Shipping and Logistics ● Volume 26 Number 1 June 2010 pp. 067-092 ● A Research on Competition and Cooperation Between Shanghai Port and Ningbo-Zhoushan Port Jia-bin LI* 1)· Yong-sik OH**2) Contents I. Introduction II. Theoretical Background on Port Competition and Co-operation III. A Comparative Analysis of Ports in the Yangtze River IV. Analysis of relationship between Shanghai port and Ningbo-Zhoushan port V. Summary and Suggestion Abstract With the course of the integration of global economy accelerating, and the speedy growth of world trade, important nodes of global logistics and ports acquire more and more important status in the global economy. Ports with the development of Chinese economy and especially with the rapid growth of the foreign trade have made a great progress. This research mainly focuses on the study of the competition and cooperation between neighboring ports. Several models were developed in the research to analyze the relationship between Shanghai port and Ningbo-Zhoushan port. The research results show that the two ports enter into competition with each other. Ports are faced with competition not only from domestic ports but also from their counterparts in other countries. Therefore, Shanghai port and Ningbo-Zhoushan port should avoid competition and join hands in developing the resource reasonably in Zhoushan and achieving a regional scale economy, so that the entire ports in the region of the Yangtze River Delta can have a better competitive power. Key words : Competition, Cooperation, Container port, Competitiveness, Linear Regression * Doctoral student of Korea Maritime University, First Author, Korea, Email : li_ [email protected] ** Associate professor of Korea Maritime University, Corresponding Author, Korea, Email : [email protected] A Research on Competition and Cooperation Between Shanghai Port and Ningbo-Zhoushan Port I. -
China's Digital Platform Economy: Assessing Developments Towards
MERICS REPORT CHINA’S DIGITAL PLATFORM ECONOMY: ASSESSING DEVELOPMENTS TOWARDS INDUSTRY 4.0 Challenges and opportunities for German actors Rebecca Arcesati | Anna Holzmann | Yishu Mao | Manlai Nyamdorj | Kristin Shi-Kupfer | Kai von Carnap | Claudia Wessling June 2020 MERICS REPORT | June 2020 | 1 CHINA’S DIGITAL PLATFORM ECONOMY: ASSESSING DEVELOPMENTS TOWARDS INDUSTRY 4.0 Challenges and opportunities for German actors Rebecca Arcesati | Anna Holzmann | Yishu Mao | Manlai Nyamdorj | Kristin Shi-Kupfer | Kai von Carnap | Claudia Wessling Content Acknowledgements ..................................................................................................... 7 Executive Summary ..................................................................................................... 8 1. Introduction: China’s push into the digital platform economy ............................... 13 2. The strategic context: Digital platforms play a critical role for Beijing’s industrial modernization plans ..............................................................................16 2.1 Beijing pursues ambitious targets for the development of digital industrial platforms ............................................................................................... 16 2.2 Platform development in China’s manufacturing industry is still in its infancy..... 18 2.3 China’s top-down approach to industrial digitalization reflects unique conditions ...19 3. The actors: China’s top-level design enables highly coordinated development of the industrial internet -
Sany Motor Graders
QUALITY CHANGES THE WORLD SANY MOTOR GRADERS M Sany Industrial Town, Changsha Economic and Technological Development Zone, Hunan, China Zip Code: 410100 Tel: 0086(0)731-84031888 Fax: 0086(0)731-84031888 Post Sales Service Hotline: 4008879318 Complaints Email: [email protected] Dealer Information Due to technological improvement, technical specifications may change without prior notification. Machines in pictures may include attachments. All rights are retained by Sany Heavy Industry. No content of this catalogue may be copied for any purpose without the prior written permission from Sany Heavy Industry. www.sany.com.cn QUALITY CHANGES THE WORLD Contents P03 SANY ROAD MACHINERY INNOVATIVE AND INDUSTRY P05 SMG SERIES HEAVY-DUTY LEADING TECHNOLOGIES MOTOR GRADERS P09 SAG SERIES MOTOR GRADERS P13 LEAN MANUFACTURING P15 TEST SYSTEM P17 CASES 1 2 SANY MOTOR GRADERS QUALITY CHANGES THE WORLD SANY ROAD MACHINERY Hunan Sany Road Machinery Co., Ltd, a subsidiary of Sany Heavy Industry, is one of the largest whole-set road machinery suppliers in China. Its products portfolios inlcude six product series: the asphalt paver series, the roller series, the asphalt mixing equipment series, the motor grader series, the cold planer series, and the casting-style asphalt paving equipment series. With its motto of "Quality changes the world," and the mission of "Creating Max. value for customers," the company has set up the Sany Road Machinery Research Institute in the US and the Sany Road Machinery Research Institute in Germany. Its products imbody the most cutting-edge technologies in the world. Among them, the heavy-duty motor graders designed in America and the tandem drum compactors designed in Germany are the best of the best in the world. -
China's Belt and Road Initiative in the Global Trade, Investment and Finance Landscape
China's Belt and Road Initiative in the Global Trade, Investment and Finance Landscape │ 3 China’s Belt and Road Initiative in the global trade, investment and finance landscape China's Belt and Road Initiative (BRI) development strategy aims to build connectivity and co-operation across six main economic corridors encompassing China and: Mongolia and Russia; Eurasian countries; Central and West Asia; Pakistan; other countries of the Indian sub-continent; and Indochina. Asia needs USD 26 trillion in infrastructure investment to 2030 (Asian Development Bank, 2017), and China can certainly help to provide some of this. Its investments, by building infrastructure, have positive impacts on countries involved. Mutual benefit is a feature of the BRI which will also help to develop markets for China’s products in the long term and to alleviate industrial excess capacity in the short term. The BRI prioritises hardware (infrastructure) and funding first. This report explores and quantifies parts of the BRI strategy, the impact on other BRI-participating economies and some of the implications for OECD countries. It reproduces Chapter 2 from the 2018 edition of the OECD Business and Financial Outlook. 1. Introduction The world has a large infrastructure gap constraining trade, openness and future prosperity. Multilateral development banks (MDBs) are working hard to help close this gap. Most recently China has commenced a major global effort to bolster this trend, a plan known as the Belt and Road Initiative (BRI). China and economies that have signed co-operation agreements with China on the BRI (henceforth BRI-participating economies1) have been rising as a share of the world economy.