2020 Annual Report

Total Page:16

File Type:pdf, Size:1020Kb

2020 Annual Report (Incorporated in Israel with limited liability) Enhancing Quality of Life 2020 Annual Report Sisram Med Stock Code: 1696.HK Contents 2 Financial Summary 3 Chairman’s Statement 5 Chief Executive Officer’s Review 7 Management Discussion and Analysis 24 Report of the Directors 33 Corporate Governance Report 45 Biographical Details of Directors and Senior Management 50 Independent Auditor’s Report 56 Consolidated Statement of Profit or Loss 57 Consolidated Statement of Comprehensive Income 58 Consolidated Statement of Financial Position 59 Consolidated Statement of Changes in Equity 61 Consolidated Statement of Cash Flows 63 Notes to the Financial Statements 135 Environmental, Social and Governance Report 168 Corporate Information 170 Definitions Financial Summary The following is a summary of the published results and assets and liabilities of the Group for the last five financial years prepared on the basis set out in the note below. Results Year ended December 31, 2020 2019 2018 2017 2016 US$’000 US$’000 US$’000 US$’000 US$’000 Operating results Revenue 162,095 173,520 153,919 136,887 118,156 Gross profit 90,301 95,874 82,297 73,197 62,223 Profit before tax 16,662 24,839 22,784 15,821 11,860 Profit for the year 14,680 21,935 21,831 11,049 8,501 Profit attributable to owners of the parent 13,344 20,785 21,831 11,049 8,055 Profitability Gross margin 55.7% 55.3% 53.5% 53.5% 52.7% Net profit margin 9.1% 12.6% 14.2% 8.1% 7.2% Assets and liabilities As at December 31, 2020 2019 2018 2017 2016 US$’000 US$’000 US$’000 US$’000 US$’000 Assets and liabilities Total assets 431,806 392,832 350,075 346,615 279,161 Total liabilities 99,917 67,262 35,975 53,639 238,675 Net assets 331,889 325,570 314,100 292,976 40,486 Cash and bank balances 116,527 107,792 104,530 104,137 41,653 Note: The consolidated results of the Group for the five years ended December 31, 2016, 2017, 2018, 2019 and 2020 and the consolidated assets and liabilities of the Group as at December 31, 2016, 2017, 2018, 2019 and 2020 have been extracted from the published audited consolidated financial statements. The summary above does not form part of the audited consolidated financial statements. 2 Sisram Medical Ltd | Annual Report 2020 Chairman’s Statement Strive ahead, innovate and create breakthroughs in Medical Technology and Digital Industries Time is relative, as Einstein said, and 2020 is a proof of it. In less than 365 days, the world has experienced a turmoil of changes in politics, economics, social life and almost every aspect of human lives. While facing the challenges and difficulties posed by the pandemic, mankind is also accelerating the development of cutting-edge technology igniting the fifth industrial revolution and realizing the “digital age”. 2020 presented many challenges and lessons. We learned from them all – the ones we overcame and grew from, and the ones that changed the course of our operation. In these “moments of truth” we maintained good operation capabilities and launched new products with a keen sense of future industry development. We are becoming digital. Consumers are adapting a digital mindset that will increase their demand and will shape corporates’ offering and marketing strategy in the coming years. There is no longer “you” or “us”, there is “we” – we are selling, and we are buying, we are developing, and we are using. We believe in B2E – business to everyone. 2020 has also placed Medical Technology and Digital in the front seats of this racing car, steering it towards the digital age. Sisram, as a wellness eco-system and Alma, as a medical aesthetics leading player, are operating in a multi-dimensional business mode – designing a comprehensive solution portfolio to answer multiple customer and consumer personas needs across various life (and professional life) events. Sisram Medical Ltd | Annual Report 2020 3 Chairman’s Statement During 2020, we accelerated the work on our two new eco-system building blocks – aesthetic dentistry and personal care. The two new business lines were chosen for their significant growth markers along with the potential synergies with Alma’s operation. Sisram’s vision for the new dental business line is to become a holistic digital workflow service provider, enabling cost-effective and efficient measurement, design and production process for aesthetic dentistry treatments via an on-line (digital) platform, covering all aspects from intra-oral scanning to final dental appliance delivery. The personal care business line is defined as an extension and enhancement of the treatments offered by Alma to the consumers, broadening Sisram’s reach and engagement with the end-user (the consumer). Sisram’s goal for the new personal care business line is to successfully introduce a new consumer brand with strong digital presence. The supporting operation channels that will fully mature by 2022, are planned to offer an on-line, digital community that will combine digital (e-commerce) as well as traditional distribution format based on Alma’s medical channels. 2020 changed demand patterns as well. We have witnessed a shift in demand from capital equipment to high ROI consumables products. Consumers “revenge shopping”, a trend observed post lock-down periods driving consumers’ impulse shopping, combined with the ability to “hide” aesthetic procedures under the facial mask, and the permission to perform doctor treatments, including injections during lock-downs, resulted an increased demand for injectables products (dermal facial fillers). With these trends expected to continue in 2021, Sisram made an investment in Tianjin JuveStar. Tianjin JuveStar recently announced the signing of a license agreement with Raziel Therapeutics, for the exclusive commercialization of an exciting injectable product addressing aesthetic indications and additional therapeutic fields, in Mainland China, Hong Kong SAR, Macau SAR and Taiwan, China. Sisram’s injectables line of business is further bolstered with the launch of “Profhilo” skin Bio-remodelling procedure in India, with a first deal signed with Kaya Clinics chain to offer ‘Profhilo’ at its 70 clinics spread across 24 cities in India. I am confident that our solid plans for the near- and long-term future, reinforced by 2020’s experiences and lessons will present a significant growth in Sisram’s revenue in the next reporting period and a successful launch of its new business lines. Appreciation On a closing note, I would like to thank our honorable Board of Directors, our employees and management, our shareholders, our partners and our customers and consumers and wish us all a healthy and prosperous 2021. Liu Yi Chairman 4 Sisram Medical Ltd | Annual Report 2020 Chief Executive Officer’s Review Perpetual Change Practice So much have been said regarding 2020 – being an exceptional year, its implications and how it will shape our future. Thinking of the journey we have all experienced this year, led me to the realization that dealing with change is not enough. We should aim towards ‘perpetual change practice’ as a baseline work method, meaning to address change as a constant element of our operation and learn how to manage it continuously. For us, as a global organization in the medical aesthetics industry, 2020 has presented both an opportunity as well as difficulty. On one hand, with 7 subsidiaries around the world and business operation across more than 90 countries worldwide, the pandemic challenged our cross- organization business results, communication and collaboration efforts. On the other hand, it focused the world’s attention on the medical technology industry and digitalization which promote awareness, attention and new business opportunities for us. 2020 was designated to be the year of our “business infrastructures upgrade” even before the pandemic outbreak. We were fortunate to conceive and launch this plan back in 2019 and exercised it in 2020. The plan encompasses physical and digital infrastructures, including (1) the transition into a new modern and spacious campus to accommodate and excel Sisram’s headquarters activities including R&D, production, logistics and international sales and marketing activities, (2) New, cloud-based information technologies systems to manage human capital, supply chain, logistics, platforms’ IoT and customers data, and (3) Digital Transformation program – this fundamentally futuristic concept has quickly materialized this year, placing heavier challenges and expectations to deliver the change as soon as possible, while simplifying and validating the “why” and “when” questions that are embedded in every new business paradigm implementation. To address the necessity for alternative communication, we have established new communication channels and upgraded the supporting data infrastructure between our global units, creating an even better communication flow and bonding sense based on digital channels and IT tools. Although direct, physical interactions will never be fully replaced, the activities conducted this year brought a spirit of change and a new era of a digital and data driven operation: Operational infrastructure upgrade – a global cloud-based ERP and CRM systems, connecting and aligning activities between the headquarter with direct operations across 4 continents. Human capital cultivation – from knowledge sharing to employees’ training, bonding and celebrations, all activities were shifted to online digital platforms and tools. Sales and marketing departments replaced customers and partners face-to-face meetings with digital meeting spaces, product launches that were previously performed during industry tradeshows, were now conducted via digital arena, with a new inhouse “Alma studio” built to accommodate and broadcast global webinars, sales meetings and product launches. Additional attention was given to digital promotion materials with more demand in sound and motion materials and the development of new social media channels such as TikTok. Sisram Medical Ltd | Annual Report 2020 5 Chief Executive Officer’s Review Clinical – operating long distance clinical studies and ‘online customers trainings’ while laying the foundations to a new array of digital customers’ training.
Recommended publications
  • Embedded Linux Systems with the Yocto Project™
    OPEN SOURCE SOFTWARE DEVELOPMENT SERIES Embedded Linux Systems with the Yocto Project" FREE SAMPLE CHAPTER SHARE WITH OTHERS �f, � � � � Embedded Linux Systems with the Yocto ProjectTM This page intentionally left blank Embedded Linux Systems with the Yocto ProjectTM Rudolf J. Streif Boston • Columbus • Indianapolis • New York • San Francisco • Amsterdam • Cape Town Dubai • London • Madrid • Milan • Munich • Paris • Montreal • Toronto • Delhi • Mexico City São Paulo • Sidney • Hong Kong • Seoul • Singapore • Taipei • Tokyo Many of the designations used by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations have been printed with initial capital letters or in all capitals. The author and publisher have taken care in the preparation of this book, but make no expressed or implied warranty of any kind and assume no responsibility for errors or omissions. No liability is assumed for incidental or consequential damages in connection with or arising out of the use of the information or programs contained herein. For information about buying this title in bulk quantities, or for special sales opportunities (which may include electronic versions; custom cover designs; and content particular to your business, training goals, marketing focus, or branding interests), please contact our corporate sales depart- ment at [email protected] or (800) 382-3419. For government sales inquiries, please contact [email protected]. For questions about sales outside the U.S., please contact [email protected]. Visit us on the Web: informit.com Cataloging-in-Publication Data is on file with the Library of Congress.
    [Show full text]
  • E-Waste Generation from Mobile Phones and Sustainability Issues for Designers
    RPS Research into Design — Supporting Sustainable Product Development “icord2011-lineup” 2010/12/24 523 E-WASTE GENERATION FROM MOBILE PHONES AND SUSTAINABILITY ISSUES FOR DESIGNERS Pradeep G. Yammiyavara and Vikash Kumarb 1Department of Design, IIT Guwahati, Assam, India. Email: [email protected], [email protected] Recent contribution of mobile phones as e-waste generators is a matter of concern due to the product’s shorter lifespan, large disposal volume, toxic nature of materials, higher energy requirement at production stage etc. With the predicted exponential penetration of mobile phones in countries such as India and China e-waste is likely to nullify the benefits unless properly approached. Addressing these concerns the first part of this paper attempts to estimate the volume of e-waste generated by mobile phones. Identification of key issues impacting the sustainability of mobile phones is discussed in the second part using product samples. This paper is an attempt to understand issues involved in sustainable design and explore possible methods of addressing sustainability at the designing stage of a product. Keywords: E-waste, Mobile phones, Design for sustainability, Culture. 1. INTRODUCTION Common understanding of the term e-waste, or electronic waste, is old, end-of-life electronic appliances such as computers, laptops, TVs, DVD players, mobile phones, mp3 players etc; which have been disposed of by their original users. Technically, electronic waste is only a subset of WEEE (Waste Electrical and Electronic Equipment) as defined by OECD (Organization for Economic Co- operation and Development) as any appliance that uses an electric power supply and has reached its end-of-life [1].
    [Show full text]
  • Node Layout of Recycling Network for Cell Phones in China Under the Third Party Logistics
    International Journal of u- and e- Service, Science and Technology Vol.8, No. 9 (2015), pp.1-12 http://dx.doi.org/10.14257/ijunesst.2015.8.9.01 Node Layout of Recycling Network for Cell Phones in China under the Third Party Logistics Danning Li1, Xianliang Shi1 and Chunhua Shi2 1School of Economics and Management, Beijing Jiaotong University, Beijing, China, 100044 2Higher Education Press, Beijing, China, 100029 [email protected]; [email protected]; [email protected] Abstract With the increasing acceleration of updating rate for mobile phones in China, the processing procedure of cell phones has aroused a problem for the whole society. Meantime, environmental pollution and waste of resources result from improper processing approaches of such products. In this paper, the processing modes and corresponding reverse logistics network are analyzed scientifically and completely in terms of recycling by the third party reverse logistics enterprises. Then, a mathematical programming model is proposed in the case of multi-varieties phones and stochastic circumstances to handle the problem of node arrangement and facility location, which taking both cost objective and environment objective into consideration. To combat the model, we design a hybrid intelligent algorithm consisting of genetic algorithm, stochastic simulation and linear programming. Finally a numerical example validates the feasibility of the model and sensitivity analysis is conducted to illustrate its reliability. Such method can be treated as a practice guideline and some suggestions regarding the layout construction are put forward in the end. Keywords: The third party reverses logistics, node layout, stochastic circumstances, multi-objective programming, hybrid intelligent algorithm 1.
    [Show full text]
  • Implementarea Rețelelor Ad-Hoc Pe Platforme Android
    UNIVERSITATEA “TRANSILVANIA” DIN BRAŞOV DEPARTAMENTUL DE ELECTRONICĂ ŞI CALCULATOARE Programul de studii: Tehnologii şi sisteme de telecomunicaţii Implementarea rețelelor Ad-Hoc pe platforme Android Absolvent: TERZA Balázs-László Indrumător: Şef lucrări dr.ing. SIMON Csaba BRAŞOV 2015 Universitatea Transilvania din Braşov Tehnologii şi Sisteme de Telecomunicaţii Facultatea de Inginerie Electrică şi Ştiinţa Calculatoarelor 2015 Universitatea Transilvania din Braşov Lucrare de diplomă nr. .......... Facultatea Inginerie Electrică şi Ştiinţa Calculatoarelor Departamentul Viza facultăţii Electronică şi Calculatoare Programul de studii Anul universitar Tehnologii şi sisteme de telecomunicaţii 2014 - 2015 Candidat Promoţia TERZA Balázs-László 2015 Cadrul didactic îndrumător Ș.l. dr. ing. SIMON Csaba LUCRARE DE DIPLOMĂ Titlul lucrării: Implementarea reţelelor Ad-Hoc pe platforme Android Problemele principale tratate: 1. Prezentarea generală a sistemului de operare Android 2. Prezentarea modului de comunicatii ad hoc 3. Proiectarea şi dezvoltarea aplicaţiei pentru sistemul Android 4. Testarea şi masurarea parametrilor QoS pe reteaua configurata de absolvent Locul şi durata practicii: Laboratoarele de electronică (112-113) al Universităţii Sapientia, Mai 2014 - Iunie 2015 Bibliografie: 1. Reto Meier: Professional Android 4 Application Development, Wrox, 2012 2. A. Tanenbaum, D.J. Wetherall: Számítógép hálózatok, Panem, 2012 Aspecte particulare: Primit tema la data de: 15.05.2014 Data predării lucrării: 30.06.2015 Director departament, Cadru didactic
    [Show full text]
  • Form 6K Borqs Technologies, Inc
    6­K 1 ea141984­6k_borgstech.htm FORM 6­K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6­K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A­16 OR 15D­16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2021 Commission File Number: 001­37593 BORQS TECHNOLOGIES, INC. (Translation of registrant’s name into English) Suite 309, 3/F, Dongfeng KASO Dongfengbeiqiao, Chaoyang District Beijing 100016, China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20­F or Form 40­F. Form 20­F ☒ Form 40­F ☐ Indicate by check mark if the registrant is submitting the Form 6­K in paper as permitted by Regulation S­T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6­K in paper as permitted by Regulation S­T Rule 101(b)(7): ☐ BORQS TECHNOLOGIES, INC. EXHIBITS Exhibit Number Description 99.1 Press Release, dated June 7, 2021, issued by Borqs Technologies, Inc. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BORQS TECHNOLOGIES, INC. Date: June 7, 2021 By: /s/ Anthony K. Chan Name: Anthony K. Chan Title: Chief Financial Officer EX­99.1 2 ea141984ex99­1_borgstech.htm PRESS RELEASE, DATED JUNE 1, 2021, ISSUED BY BORQS TECHNOLOGIES, INC. Exhibit 99.1 Borqs Technologies Receives 1.7 Million sq.ft. Land Use Rights for the 5G Industrial Park Project in Huzhou, China Santa Clara, California, June 7, 2021 – Borqs Technologies, Inc.
    [Show full text]
  • The True Environmental Impact of Smartphones?
    Int J Life Cycle Assess (2015) 20:1181–1196 DOI 10.1007/s11367-015-0909-4 UNCERTAINTIES IN LCA Redefining scope: the true environmental impact of smartphones? James Suckling1 & Jacquetta Lee1 Received: 3 September 2014 /Accepted: 19 May 2015 /Published online: 10 June 2015 # The Author(s) 2015. This article is published with open access at Springerlink.com Abstract impact from 8.5 to 18.0 kg CO2-eq, other phases are less Purpose The aim of this study is to explore the literature sur- affected. Addition of the network increases the use phase by rounding the environmental impact of mobile phones and the another 24.7 kg CO2-eq. In addition, it is shown that take-back implications of moving from the current business model of of mobile phones is not effective at present and that prompt selling, using and discarding phones to a product service sys- return of the phones could result in reduction in impact by best tem based upon a cloud service. The exploration of the im- reuse potential and further reduction in toxic emissions pacts relating to this shift and subsequent change in scope is through inappropriate disposal. explored in relation to the life cycle profile of a typical Conclusions The way in which consumers interact with their smartphone. phones is changing, leading to a system which is far more Methods A literature study is conducted into the existing lit- integrated with the internet. A product service system based erature in order to define the characteristics of a Btypical^ upon a cloud service highlights the need for improved energy smartphone.
    [Show full text]
  • Fidelity® Nasdaq Composite Index® Fund
    Fidelity® Nasdaq Composite Index® Fund Semi-Annual Report May 31, 2021 Contents Note to Shareholders 3 Investment Summary 4 Schedule of Investments 6 Financial Statements 85 Notes to Financial 89 Statements Shareholder Expense 97 Example Board Approval of 98 Investment Advisory Contracts and Management Fees Liquidity Risk 106 Management Program To view a fund’s proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission’s (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines. Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq Composite®, and The Nasdaq Stock Market®, Inc. are registered trademarks of The NASDAQ OMXGroup, Inc. (which with its Affiliates are the Corporations) and are licensed for use by Fidelity. The product has not been passed on by the Corporations as to its legality or suitability. The product is not issued, endorsed or sold by the Corporations. The Corporations make no warranties and bear no liability with respect to shares of the product. Standard & Poor’s, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation. Other third-party marks appearing herein are the property of their respective owners. All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2021 FMR LLC. All rights reserved. This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund.
    [Show full text]
  • Android Y Open Handset Alliance Santiago Diaz Peña
    Android y Open Handset Alliance Santiago Diaz Peña Trabajo Práctico TAI2 2010 Ing. Juan de Urraza Ingeniería Informática Universidad Católica “Nuestra Señora de la Asunción” Asunción, Paraguay 1 Introducción En el 2005, Google adquirió Android, una pequeña compañía que recién comenzaba. Los fundadores de Android fueron a trabajar a Google. En ese entonces, era poco lo que se conocía sobre Android, solo que desarrollaban software para teléfonos móviles. Esto genero rumores de que Google estaba planeando entrar en el mercado de la telefonía móvil. En Google, un equipo desarrolló una plataforma para dispositivos móviles basado en el kernel de Linux los cuales fueron promocionados a los fabricantes y prestadores de servicios móviles a partir de la premisa de aportar una sistema flexible y fácilmente actualizable. La Open Handset Alliance fue creada a finales de 2007, liderado por Google con 34 miembros más, incluyendo fabricantes de dispositivos móviles, desarrolladores de aplicación, algunos prestadores de servicios de telefonía móvil y fabricantes de semi-conductores. Android, el software insignia de la alianza, es creado a partir de una licencia de open source y compite contra otras plataformas móviles propietario de Apple, Microsoft, Nokia, Palm, Symbian. El primer teléfono móvil corriendo Android comercialmente disponible es el T-Mobile G1, también conocido como el HTC Dream. Fue aprobado por la FCC en agosto del 2008, estuvo finalmente disponible a finales de octubre. Android nació a partir de la necesidad de crear un plataforma abierta y libre, que pueda ser actualizada, mejorada, modificada para cualquier tipo de teléfono móvil especifico con sus problemas de heterogeneidad por la comunidad de software libre, completa, es decir que tenga todas las funcionalidades que tiene cualquier otra plataforma propietario.
    [Show full text]
  • Nasdaq Capital Market Friday, December 28, 2018 5:32 PM
    Nasdaq Capital Market Friday, December 28, 2018 5:32 PM Name Symbol Close 3PEA International TPNL 3.35 Abeona Therapeutics ABEO 7.02 Ability ABIL 2.02 Abraxas Petroleum AXAS 1.08 Acasti Pharma ACST 0.73 Accelerate Diagnostics AXDX 11.78 Acer Therapeutics ACER 18.25 Achieve Life Sciences ACHV 1.2 ACNB ACNB 38.73 Adamis Pharmaceuticals ADMP 2.1 Adesto Technologies IOTS 4.3 ADial Pharmaceuticals ADIL 5.55 ADMA Biologics ADMA 2.23 ADOMANI ADOM 0.25 Aehr Test Systems AEHR 1.44 Aerpio Pharmaceuticals ARPO 1.71 AEterna Zentaris AEZS 2.97 Aethlon Medical AEMD 1.52 Agenus AGEN 2.39 AGM Group Holdings AGMH 28.05 Airgain AIRG 10.04 AirMedia Group ADR AMCN 0.24 Air T AIRT 24.03 Akari Therapeutics ADR AKTX 1.63 Akers Biosciences AKER 1.27 Akoustis Technologies AKTS 4.79 Alberton Acquisition Cl A ALAC 9.8 Alberton Acquisition WT ALACW 0.12 Albireo Pharma ALBO 23.18 Aldeyra Therapeutics ALDX 8 Alithya Group Cl A ALYA 2.55 Alkaline Water WTER 3.24 Allegro Merger Rt ALGRR 0.3 Alliance MMA AMMA 0.17 Allied Healthcare Products AHPI 1.89 Alliqua BioMedical ALQA 2 Alta Mesa Resources AMR 1 Alta Mesa Resources WT AMRWW 0.08 Altus Midstream ALTM 7.75 AMCI Acquisition AMCIU 9.95 American Electric Technologies AETI 0.89 Ameri Holdings AMRH 0.17 Ameri Holdings WT AMRHW 0.03 Ames National ATLO 25.72 Anavex Life Sciences AVXL 1.52 Anixa Biosciences ANIX 4 Antares Pharma ATRS 2.63 Apollo Medical Holdings AMEH 20.73 Appliance Recycling Centers of ARCI 0.5 America Applied DNA Sciences APDN 0.38 Applied DNA Sciences WT APDNW ..
    [Show full text]
  • Chinese Companies Listed on Major U.S. Stock Exchanges
    Last updated: May 5, 2021 Chinese Companies Listed on Major U.S. Stock Exchanges This table includes Chinese companies listed on the NASDAQ, New York Stock Exchange, and NYSE American, the three largest U.S. exchanges. i As of May 5, 2021, there were 248 Chinese companies listed on these U.S. exchanges with a total market capitalization of $2.1 trillion. On October 2, 2020, when this table was last updated, there were 217 companies with a total market capitalization of $2.2 trillion. In the list below, newly added companies are marked with a section symbol (§) next to the stock symbol. ii Companies are arranged by the size of their market cap. There are eight national-level Chinese state-owned enterprises (SOEs) listed on the three major U.S. exchanges. In the list below, SOEs are marked with an asterisk (*) next to the stock symbol. iii Since this table was last updated in October 2020, 17 Chinese companies have delisted. Two companies currently trade over the counter: Kingold Jewelry (KGJI, $3 million market cap) and state-owned Guangshen Railway (GSHHY, $2,256 million market cap). The 17 delisted companies also include four companies targeted by the Executive Order 13959 (“Addressing the Threat from Securities Investments That Finance Communist Chinese Military Companies”), which prohibited investment in Communist Chinese Military Companies. These are: China Unicom, China Telecom, China Mobile, and CNOOC Limited. In addition, Semiconductor Manufacturing International Corporation (SMIC) stopped trading over the counter as a result of the order.1 The remaining U.S.-listed company subject to the order is Luokung Technology Corp.
    [Show full text]
  • Ecodesign Preparatory Study on Mobile Phones, Smartphones and Tablets
    Ecodesign preparatory study on mobile phones, smartphones and tablets Draft Task 4 Report Technologies Written by Fraunhofer IZM, Fraunhofer ISI, VITO October – 2020 Authors: Karsten Schischke (Fraunhofer IZM) Christian Clemm (Fraunhofer IZM) Anton Berwald (Fraunhofer IZM) Marina Proske (Fraunhofer IZM) Gergana Dimitrova (Fraunhofer IZM) Julia Reinhold (Fraunhofer IZM) Carolin Prewitz (Fraunhofer IZM) Christoph Neef (Fraunhofer ISI) Contributors: Antoine Durand (Quality control, Fraunhofer ISI) Clemens Rohde (Quality control, Fraunhofer ISI) Simon Hirzel (Quality control, Fraunhofer ISI) Mihaela Thuring (Quality control, contract management, VITO) Study website: https://www.ecosmartphones.info EUROPEAN COMMISSION Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs Directorate C — Sustainable Industry and Mobility DDG1.C.1 — Circular Economy and Construction Contact: Davide Polverini E-mail: [email protected] European Commission B-1049 Brussels 2 Ecodesign preparatory study on mobile phones, smartphones and tablets Draft Task 4 Report Technologies 4 EUROPEAN COMMISSION Europe Direct is a service to help you find answers to your questions about the European Union. Freephone number (*): 00 800 6 7 8 9 10 11 (*) The information given is free, as are most calls (though some operators, phone boxes or hotels may charge you). LEGAL NOTICE This document has been prepared for the European Commission however it reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein. More information on the European Union is available on the Internet (http://www.europa.eu). Luxembourg: Publications Office of the European Union, 2020 ISBN number doi:number © European Union, 2020 Reproduction is authorised provided the source is acknowledged.
    [Show full text]
  • HP Color Laserjet Pro MFP M277 User Guide
    Color LaserJet Pro MFP M277 User Guide www.hp.com/support/colorljMFPM277 HP Color LaserJet Pro MFP M277 User Guide Copyright and License Trademark Credits © Copyright 2019 HP Development Company, Adobe®, Adobe Photoshop®, Acrobat®, and L.P. PostScript® are trademarks of Adobe Systems Incorporated. Reproduction, adaptation, or translation without prior written permission is prohibited, except as Apple and the Apple logo are trademarks of allowed under the copyright laws. Apple Computer, Inc., registered in the U.S. and other countries. iPod is a trademark of Apple The information contained herein is subject to Computer, Inc. iPod is for legal or rightholder- change without notice. authorized copying only. Don't steal music. The only warranties for HP products and Microsoft®, Windows®, Windows® XP, and services are set forth in the express warranty Windows Vista® are U.S. registered trademarks statements accompanying such products and of Microsoft Corporation. services. Nothing herein should be construed as constituting an additional warranty. HP shall not UNIX® is a registered trademark of The Open be liable for technical or editorial errors or Group. omissions contained herein. Edition 3, 8/2019 Table of contents 1 Product overview ...................................................................................................................................................................................... 1 Product views ...........................................................................................................................................................................
    [Show full text]