DOCSLIB.ORG

Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text) Wuliangye Yibin Co., Ltd. Annual Report 2020 President Zeng Congqin (Signature) April 28, 2021 Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text) Contents Section I Important Notice and Interpretations .................................................................................... 3 Section II Company Profile and Main Financial Highlights .................................................................. 5 Section III Summary of Company Business ........................................................................................ 10 Section IV Discussion and Analysis of Operation ................................................................................. 11 Section V Significant Matters .............................................................................................................. 35 Section VI Changes in Shares and Shareholders ............................................................................... 50 Section VII Preferred Share .................................................................................................................. 56 Section VIII Convertible Corporate Bonds............................................................................................. 56 Section IX Directors, Supervisors, Senior Management and Employees ........................................... 57 Section X Corporate Governance ....................................................................................................... 68 Section XI Corporate Bonds ................................................................................................................ 73 Section XII Financial Report ................................................................................................................. 74 Section XIII Reference File Directory .................................................................................................. 209 2 Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text) Section I Important Notice and Interpretations I. The board of directors, the board of supervisors, directors, and supervisors of the Company undertake that the content of the Annual Report is true, accurate, and complete, and contains no false record, misleading statements, or major omission, and assume joint and several legal liabilities arising therefrom. II. Zeng Congqin, the person in charge of the Company, Luo Wei, the person in charge of the accounting work, and Luo Jun, the person in charge of the accounting institution (accountant in charge) declare and ensure: the truthfulness, accuracy, and integrity of the financial report in the Annual Report. III. Seven directors should be present at the board meeting auditing the Report and actually six directors attended. Director Li Shuguang was not present at the meeting due to work reasons and voted on the resolution of this meeting by means of circulation; Director-designate Jiang Lin was present at the meeting. IV. The future plan, development strategy, and other forward-looking statements included in the Report shall not constitute the Company's substantial commitment to the investors due to uncertainties, and we remind the investors to notice the investment risks. V. The Company has disclosed the potential risks in the Report, and we remind the investors to notice the investment risks. VI. The Company designated China Securities Journal, Shanghai Securities News, Securities Times, and CNINFO as the information-disclosure media of the Annual Report 2020 of the Company and all the information of the Company shall be subject to the information published on the above media. VII. The profit distribution plan reviewed and adopted at the Board Meeting of the Company is that: Based on the total capital stock of 3,881,608,005, the Company will distribute the dividend of RMB 25.80 in cash (tax inclusive) and 0 bonus share (tax inclusive) to all shareholders for every 10 shares and will not transfer the capital reserve to increase capital stock. 3 Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text) Interpretations Terms refers to Interpretations Company, the Company or Wuliangye refers to Wuliangye Yibin Co., Ltd. Yibin State-owned Assets Supervision and State-owned Assets Supervision and Administration refers to Administration Commission Commission of Yibin Municipal Government Wuliangye Group Company or the Group refers to Sichuan Yibin Wuliangye Group Co., Ltd. Company Push Group Company refers to Sichuan Yibin Push Group Co., Ltd. Global Group Company refers to Sichuan Yibin Global Group Co., Ltd. Anji Logistic Group Co., Ltd. refers to Sichuan Anji Logistic Group Co., Ltd. Sacred Mountain Molin Company refers to Sichuan Sacred Mountain Molin Group Co., Ltd. Finance Company refers to Sichuan Yibin Wuliangye Group Finance Co., Ltd. I&E Company refers to Yibin Wuliangye Group I&E Co., Ltd. Creart Company refers to Yibin Wuliangye Creart Co., Ltd. New Retail Company refers to Sichuan Wuliangye New Retail Management Co., Ltd. NongXiang Series Baijiu refers to Wuliang NongXiang Series Baijiu Yibin Co., Ltd. 4 Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text) Section II Company Profile and Main Financial Highlights I. Company information Stock abbreviation Wuliangye Stock code 000858 Stock exchange for listing Shenzhen Stock Exchange Company name in Chinese 宜宾五粮液股份有限公司 Company short name in Chinese 五粮液 Company name in English (if any) WULIANGYE YIBIN CO.,LTD. Company short name in English (if WLY any) Legal representative of the Zeng Congqin Company Registered address No. 150, Minjiang West Road, Cuiping District, Yibin, Sichuan Zip code of the registered address 644007 Office address No. 150, Minjiang West Road, Cuiping District, Yibin, Sichuan Zip code of the office address 644007 Website http://www.wuliangye.com.cn E-mail [email protected] II. Contact person and contact information Secretary of the board of directors Representative for securities affairs Name Peng Zhifu Xiao Xiangfa, Li Xinyi No. 150, Minjiang West Road, Cuiping No. 150, Minjiang West Road, Cuiping Address District, Yibin, Sichuan District, Yibin, Sichuan Tel (0831) 3567000, 3566938, 3567988 (0831) 3567000, 3566938, 3567988 Fax (0831) 3555958 (0831) 3555958 E-mail [email protected] [email protected] III. Information disclosure and preparation place Name of media selected by the Company for China Securities Journal, Shanghai Securities News, Securities Times information disclosure Website designated by China Securities http://www.cninfo.com.cn Regulatory Commission for the Annual Report Preparation place of the Company's Annual Board office Report 5 Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text) IV. Registration changes Organization code 91511500MA62A0WM8P Changes in primary business since the No change during the reporting period Company's listing (if any) Previous changes of controlling shareholders (if No change during the reporting period any) V. Other relevant information Accounting firm engaged by the Company Name of accounting firm Sichuan Huaxin (Group) CPA (LLP) Office address of the accounting firm 28/F, South Jinmaolidu, No.18, Ximianqiao Street, Chengdu, Sichuan Name of signatory accountant Li Min, Liu Jun, Ye Juan The sponsor institution engaged by the Company to perform the continuous supervision responsibility during the reporting period √ Applicable □ Not applicable Office address of sponsor Name of sponsor Name of sponsor institution Continuous supervision period institution representative No. 618, Shangcheng Road, Guotai Junan Securities Co., China (Shanghai) Pilot Free Cai Hu, Liu Qiqun January 1, 2020-December 31, 2020 Ltd. Trade Zone Financial consultant engaged by the Company to perform the continuous supervision responsibility during the reporting period □ Applicable √ Not applicable VI. Main accounting data and financial highlights Whether the Company needs to retroactively adjust or restate the accounting data of the previous years □ Yes √ No Increase/decrease Year 2020 Year 2019 compared with the Year 2018 previous year Operating revenue (RMB) 57,321,059,453.15 50,118,105,877.14 14.37% 40,030,189,599.87 Net profit attributable to shareholders of the listed company 19,954,809,594.52 17,402,164,190.16 14.67% 13,384,246,683.60 (RMB) Net profit attributable to shareholders of the listed company 19,994,943,929.15 17,405,930,787.45 14.87% 13,398,843,689.90 after deducting non-recurring gains and losses (RMB) Net cash flows from operating 14,698,327,593.21 23,112,072,040.66 -36.40% (Note 1) 12,317,359,034.90 6 Wuliangye Yibin Co., Ltd. Annual Report 2020 (Full Text) activities (RMB) Basic earnings per share 5.141 4.483 14.68% 3.474 (RMB/share) Diluted earnings per share 5.141 4.483 14.68% 3.474 (RMB/share) Decreasing by Weighted average return on equity 24.94% 25.26% 22.80% 0.32% Increase/decrease at the end of the current year End of Year 2020 End of Year 2019 End of Year 2018 compared with the end of the previous year Total assets (RMB) 113,893,139,013.72 106,396,972,333.66 7.05% 86,094,265,733.09 Net assets attributable to shareholders of the listed company 85,705,972,645.74 74,290,700,662.22 15.37% 63,487,270,080.56 (RMB) Note 1: This was mainly due to the combined effect of some sales returns in the first quarter being reflected at the end of the previous year and the increase in taxes paid. The lower of the Company's net profit before or after deduction of non-recurring profit and loss for the last three accounting years is negative and the audit report for the latest year indicates that there is uncertainty
Load more

Recommended publications
  • Making the State on the Sino-Tibetan Frontier: Chinese Expansion and Local Power in Batang, 1842-1939
    Making the State on the Sino-Tibetan Frontier: Chinese Expansion and Local Power in Batang, 1842-1939 William M. Coleman, IV Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Graduate School of Arts and Sciences Columbia University 2014 © 2013 William M. Coleman, IV All rights reserved Abstract Making the State on the Sino-Tibetan Frontier: Chinese Expansion and Local Power in Batang, 1842-1939 William M. Coleman, IV This dissertation analyzes the process of state building by Qing imperial representatives and Republican state officials in Batang, a predominantly ethnic Tibetan region located in southwestern Sichuan Province. Utilizing Chinese provincial and national level archival materials and Tibetan language works, as well as French and American missionary records and publications, it explores how Chinese state expansion evolved in response to local power and has three primary arguments. First, by the mid-nineteenth century, Batang had developed an identifiable structure of local governance in which native chieftains, monastic leaders, and imperial officials shared power and successfully fostered peace in the region for over a century. Second, the arrival of French missionaries in Batang precipitated a gradual expansion of imperial authority in the region, culminating in radical Qing military intervention that permanently altered local understandings of power. While short-lived, centrally-mandated reforms initiated soon thereafter further integrated Batang into the Qing Empire, thereby
    [Show full text]
  • Monitoring and Evaluation of Grassland Desertification in Litang County Using Multi-Temporal Remote Sensing Images
    Proceedings of 14th Youth Conference on Communication Monitoring and Evaluation of Grassland Desertification in Litang County Using Multi-temporal Remote Sensing Images DAN Shang-ming1, 2，XU Hui-xi3，DAN Bo4，HE Fei5，SHI Cheng-cang6， REN Guo-ye6 1.Key Laboratory of Atmosphere Sounding, China Meteorological Administration，Chengdu 610225, P.R.China; 2.Sichuan Province Agrimeteorological Center, Chengdu 610072, P.R.China; 3. Institute of Engineering Surveying, Sichuan College of Architectural Technology, Deyang 618000, P.R.China; 4.Sichuan Provincial Meteorological Observatory, Chengdu 610072, P.R.China; 5.Chengdu University of Information Technology，Chengdu 610225, P.R.China. 6.Institute of Remote Sensing Application，Sichuan Academy Agricultural Sciences, Chengdu 610066,P.R.China; [email protected] , [email protected] Using four Landsat TM & ETM+ images which obtained in 1989, 1994, 2000 and 2005, the nor- Abstract: malized difference vegetation index (NDVI) was calculated on the basis of the geometry correction, radio- metric calibration and atmosphere correction, and the assimilation of the NDVI images was made by estab- lishing the least squares equation of linear regression, and extracted the vegetation coverage from the NDVI and converted it into the desertification index (DI) based on the binary model, the classifiable research was made on the desertification of grassland about 103 km2 near the Litang county. The result demonstrates that: st (1) Desertification in Litang County has been deteriorating in the past 16 years (1989-2005). The 1 stage nd (1989-1994) saw decreased desertification area, the 2 stage (1994-2000) observed radical deterioration, and rd the 3 stage (2000-2005) witnessed slack in this regard.
    [Show full text]
  • Lessons Learnt from Analysing the Causes of Casualties in the Sichuan
    https://doi.org/10.5194/nhess-2020-64 Preprint. Discussion started: 19 March 2020 c Author(s) 2020. CC BY 4.0 License. Lessons learnt from analysing the causes of casualties in the Sichuan Changning Ms 6.0 earthquake Wei Wang1,2, Hong Chen1, Xiaolin Jiang3, Lisiwen Ma1, Minhao Qu4 1Institute of Crustal Dynamics, China Earthquake Administration, Beijing 100085, China 5 2Institute of Engineering Mechanics, China Earthquake Administration, Harbin 150080, China 3Sichuan Earthquake Administration, Chengdu 610041, China 4National Earthquake Response Support Service, Beijing 100049, China Correspondence to: Hong Chen ([email protected]) Abstract. This paper summarizes the Ms 6.0 earthquake disaster that occurred in Changning, Sichuan Province, China, on 17 10 June 2019. Additionally, a description of the disaster emergency response is provided. As determined by on-site investigation and analysis, the direct causes of earthquake casualties are summarized. Among them, 66% of the casualties can be attributed to substandard seismic protection, 25% to improper earthquake risk avoidance, 6% to earthquake-induced geological disasters, and 3% to pre-existing diseases exacerbated by the earthquake. Responding to the causes of these four casualty types, we summarize 4 lessons, which are to build in accordance with seismic protection requirements; strengthen publicity and 15 education awareness of earthquake emergency evacuation and training for the population; investigate and evaluate potential geological disaster sources in the stricken area, along with conducting prevention and control; establish cooperation with health organizations, focusing on people who are older or have serious illnesses and conducting earthquake evacuation training and psychological counselling. 1 Disaster characteristics and disaster situation 20 An Ms 6.0 (Mw 5.8) earthquake struck Changning County, Yibin City, Sichuan Province, China, at 22:55:43 on 17 June 2019 (14:55:43 UTC on 17 June 2019).
    [Show full text]
  • China Consumer Close-Up
    January 13, 2015 The Asian Consumer: A new series Equity Research China Consumer Close-up The who, what and why of China’s true consumer class Few investing challenges have proven more elusive than understanding the Chinese consumer. Efforts to translate the promise of an emerging middle class into steady corporate earnings have been uneven. In the first of a new series on the Asian consumer, we seek to strip the problem back to the basics: Who are the consumers with spending power, what drives their consumption and how will that shift over time? The result is a new approach that yields surprising results. Joshua Lu Goldman Sachs does and seeks to do business with +852-2978-1024 [email protected] companies covered in its research reports. As a result, Goldman Sachs (Asia) L.L.C. investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Sho Kawano Investors should consider this report as only a single factor +81(3)6437-9905 [email protected] Goldman Sachs Japan Co., Ltd. in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Becky Lu Appendix, or go to www.gs.com/research/hedge.html. +852-2978-0953 [email protected] Analysts employed by non- US affiliates are not registered/ Goldman Sachs (Asia) L.L.C. qualified as research analysts with FINRA in the U.S. January 13, 2015 Asia Pacific: Retail Table of contents PM Summary: A holistic view of the Asian consumer 3 China’s cohort in a regional context (a preview of India and Indonesia) 8 What they are buying and what they will buy next: Tracking 7 consumption desires 11 Seven consumption desires in focus 14 1.
    [Show full text]
  • Since the Reform and Opening Up1 1
    Int. Statistical Inst.: Proc. 58th World Statistical Congress, 2011, Dublin (Session CPS020) p.6378 Research of Acceleration Urbanization Impacts on Resources and Environment in Sichuan Province Caimo,Teng National Bureau of Statistics of China, Survey Organizations of Sichuan No.31, the East Route, Qingjiang Road Chengdu, China, 610072 E-mail: [email protected] Since the reform and opening up, the rapid development of economic society and the rise ceaselessly of urbanization in Sichuan play an important role for material civilization and spiritual civilization, but also bring influence for resources and environment, this paper give an in-depth analysis about this. Ⅰ. The Main Characteristics of the Urbanization Development in Sichuan The reflection of urbanization in essence is from the industry cluster to population cluster., we tend to divided the process of urbanization into four stages, 1949-1978 is the first stage, 1978 – 1990 is the second stage, 1990 -2000 is the third stage, After the year of 2000 is the fourth stage. In view the particularities of the first phase, this paper researches mainly after three stages. 1. The level of the urbanization enhances unceasingly. With the reform and opening-up and the rapid development of social economy, the urbanization in Sichuan has significant achievements. The average annual growth of the level of urbanization is 0.8 percent in the twelve years of the second stage. The average annual growth in the third stage and the four stages is individually 0.5 and 1.3 percentage. The average annual growth of urbanization in the fourth stage is faster respectively 0.5 and 0.8 percent than the previous two stages which reflects obviously the rapid rise of the urbanization after the fourth stage in Sichuan.
    [Show full text]
  • Research on the Influencing Factors of the Construction of Tourism and Leisure Characteristic Towns in Sichuan Province Under Th
    2021 International Conference on Education, Humanity and Language, Art (EHLA 2021) ISBN: 978-1-60595-137-9 Research on the Influencing Factors of the Construction of Tourism and Leisure Characteristic Towns in Sichuan Province under the Background of New Urbanization Yi-ping WANG1,a,* and Xian-li ZHANG2,b 1,2School of Business, Southwest Jiaotong University Hope College, Chengdu, Sichuan, China [email protected], [email protected] *Corresponding author Keywords: Tourism and leisure characteristic towns, Influencing factors, New urbanization. Abstract. Promoting the construction of characteristic towns under the background of new urbanization is an important way for my country to break the bottleneck of economic development and realize economic transformation and upgrading. In recent years, although the construction of characteristic towns in Sichuan Province has achieved remarkable results and a large number, especially tourist and leisure characteristic towns accounted for the largest proportion, they still face urgent problems such as avoiding redundant construction, achieving scientific development, and overall planning. This study takes 20 cultural tourism characteristic towns selected by the first batch of Sichuan Province as the research object, combined with field research and tourist questionnaire surveys, and screened out relevant influencing factors of characteristic towns from different aspects such as transportation, economy, industry, ecology, historical and cultural heritage. Analyze the correlation with the development level of characteristic towns in order to find out the key factors affecting the development of characteristic towns of this type, provide a policy basis for the scientific development and overall planning of reserve characteristic towns in our province, and contribute to the construction of new urbanization And provide advice and suggestions on the development of tourism industry in our province.
    [Show full text]
  • Trials of a Tibetan Monk: the Case of Tenzin Delek
    Human Rights Watch February 2004, Vol. 16, No. 1 (C) Trials of a Tibetan Monk: The Case of Tenzin Delek Map 1: Provinces and Autonomous Regions of the People’s Republic of China..............................1 Map2: Sichuan Province and Surrounding Areas....................................................................................2 Map 3: Southeastern Section of Kardze/Ganzi Tibetan Autonomous Prefecture............................3 I. Summary ....................................................................................................................................................5 Recommendations ...................................................................................................................................7 A Note on Methodology.........................................................................................................................8 II. Introduction...........................................................................................................................................10 Tenzin Delek ..........................................................................................................................................12 Lobsang Dondrup..................................................................................................................................14 Bombs......................................................................................................................................................15 III. Arrests...................................................................................................................................................17
    [Show full text]
  • Cordyceps Medicinal Fungus: Harvest and Use in Tibet
    HerbalGram 83 • August – October 2009 83 • August HerbalGram Kew’s 250th Anniversary • Reviving Graeco-Arabic Medicine • St. John’s Wort and Birth Control The Journal of the American Botanical Council Number 83 | August – October 2009 Kew’s 250th Anniversary • Reviving Graeco-Arabic Medicine • Lemongrass for Oral Thrush • Hibiscus for Blood Pressure • St. John’s Wort and BirthWort Control • St. John’s Blood Pressure • HibiscusThrush for Oral for 250th Anniversary Medicine • Reviving Graeco-Arabic • Lemongrass Kew’s US/CAN $6.95 Cordyceps Medicinal Fungus: www.herbalgram.org Harvest and Use in Tibet www.herbalgram.org www.herbalgram.org 2009 HerbalGram 83 | 1 STILL HERBAL AFTER ALL THESE YEARS Celebrating 30 Years of Supporting America’s Health The year 2009 marks Herb Pharm’s 30th anniversary as a leading producer and distributor of therapeutic herbal extracts. During this time we have continually emphasized the importance of using the best quality certified organically cultivated and sustainably-wildcrafted herbs to produce our herbal healthcare products. This is why we created the “Pharm Farm” – our certified organic herb farm, and the “Plant Plant” – our modern, FDA-audited production facility. It is here that we integrate the centuries-old, time-proven knowledge and wisdom of traditional herbal medicine with the herbal sciences and technology of the 21st Century. Equally important, Herb Pharm has taken a leadership role in social and environmental responsibility through projects like our use of the Blue Sky renewable energy program, our farm’s streams and Supporting America’s Health creeks conservation program, and the Botanical Sanctuary program Since 1979 whereby we research and develop practical methods for the conser- vation and organic cultivation of endangered wild medicinal herbs.
    [Show full text]
  • Pacer CSOP FTSE China A50 ETF Schedule of Investments July 31, 2020 (Unaudited) Shares Value COMMON STOCKS - 98.0% Agriculture - 1.6% Muyuan Foodstuff Co Ltd
    Page 1 of 4 Pacer CSOP FTSE China A50 ETF Schedule of Investments July 31, 2020 (Unaudited) Shares Value COMMON STOCKS - 98.0% Agriculture - 1.6% Muyuan Foodstuff Co Ltd. - Class A 9,230 $ 120,977 Wens Foodstuffs Group Co Ltd. - Class A 4,660 15,857 136,834 Auto Manufacturers - 0.7% SAIC Motor Corp Ltd. - Class A 24,600 64,077 Banks - 23.7% Agricultural Bank of China Ltd. - Class H 352,300 163,039 Bank of China Ltd. - Class H 193,900 92,512 Bank of Communications Co Ltd. - Class A 184,100 125,556 China CITIC Bank Corp Ltd. - Class H 24,700 18,261 China Construction Bank Corp. - Class H 81,500 71,464 China Everbright Bank Co Ltd. - Class H 126,400 68,456 China Merchants Bank Co Ltd. - Class A 108,200 539,489 China Minsheng Banking Corp Ltd. - Class A 254,300 201,851 Industrial & Commercial Bank of China Ltd. - Class A 198,400 140,993 Industrial Bank Co Ltd. - Class A 127,400 285,849 Ping An Bank Co Ltd. - Class A 75,000 143,348 Shanghai Pudong Development Bank Co Ltd. - Class A 132,300 196,379 2,047,197 Beverages - 17.9% Jiangsu Yanghe Brewery Joint-Stock Co Ltd. - Class A 4,000 77,398 Kweichow Moutai Co Ltd. - Class A 4,000 961,777 Wuliangye Yibin Co Ltd. - Class A 16,200 504,835 1,544,010 Building Materials - 1.6% Anhui Conch Cement Co Ltd. - Class H 15,900 139,921 Coal - 0.5% China Shenhua Energy Co Ltd.
    [Show full text]
  • Kweichow Moutai Growth Declines on Slow Deliveries
    CHINA DAILY Tuesday, October 30, 2018 BUSINESS 17 Kweichow Moutai growth Execs optimistic on import expo By WANG YING in Shanghai products, their know-how, “Shanghai has become a [email protected] and how interesting they are vital center for advanced as a company,” said Brian technology leadership — for Top multinational corpora- Duperreault, president, CEO ABB and the world ... We will tions’ executives have and director of finance cor- make full use of the city’s declines on slow deliveries expressed their enthusiasm poration American Interna- existing advantages and for the first China Internation- tional Group Inc. make clear the main challen- al Import Expo set to launch According to Severin ges facing Shanghai, focus Share price of on Nov 5, as part of the nation’s Schwan, CEO of Roche Group, support policies on measures efforts to expand opening-up. the pharmaceuticals giant that can address the challen- liquor maker slips While attending the 30th will showcase its cutting-edge ges, and develop specific but consumption International Business Lead- technology at the import plans and solutions,” Spies- ers’ Advisory Council, held expo, covering early research shofer said, explaining the upgrades to buoy annually in Shanghai, busi- and development, integrated company’s rationale. ness leaders said they are diagnosis and treatment solu- “We are not only seeing future prospects optimistic about China’s tions, and personalised progress in Shanghai’s reform opening-up policy and new healthcare offerings. and opening-up, but we at By ZHU WENQIAN in Beijing opportunities. Roche are taking an active role and YANG JUN in Guiyang “The import expo is in the development of China’s unprecedented in China for biomedical industry.
    [Show full text]
  • Jpmorgan Funds - China A-Share Opportunities Fund
    Fund House of the Year Fund Selector Asia Awards - Singapore3) Singapore 2021 - Greater China/China Equity - Platinum4) FOR SINGAPORE INVESTORS ONLY SINGAPORE RECOGNISED SCHEME FACT SHEET | July 31, 2021 JPMorgan Funds - China A-Share Opportunities Fund INVESTMENT OBJECTIVE PERFORMANCE To provide long-term capital growth by investing primarily inCUMULATIVE PERFORMANCE (%) companies of the People's Republic of China (PRC). JPM China A-Share Opportunities A (acc) - USD CSI 300 (Net)1) EXPERTISE 300 200 Fund Manager Howard Wang, Rebecca Jiang 250 150 % CHANGE FUND INFORMATION (JPMorgan Funds - China A-Share Opportunities Fund) 200 100 Fund base currency Launch Date REBASED 150 50 CNH 11/09/15 Total fund size (m) Inception NAV 100 0 USD 8,051.8 USD 15.61 50 -50 ISIN code 08/15 08/16 08/17 08/18 08/19 08/20 08/21 LU1255011170 Since 11/09/15 Current charge Since 1 month 3months 1 year 3 years 5 years Initial : Up to 5.0% of NAV launch Redemption : Currently 0% (Up to 0.5% of NAV) A (acc) - USD (NAV to NAV) -7.9 -4.4 20.8 98.6 143.2 149.4 Management fee : 1.5% p.a. A (acc) - USD (Charges applied)* -12.3 -9.0 15.0 89.2 131.5 137.4 Subscription Channel Benchmark (in USD)1) -6.7 -4.9 12.3 52.4 69.1 59.2 Cash A (acc) - RMB (NAV to NAV) -8.0 -4.5 11.8 88.4 136.4 151.7 SRS(for platforms only) A (acc) - RMB (Charges applied)* -12.4 -9.0 6.4 79.4 125.1 139.7 RATINGS A (acc) - SGD (NAV to NAV) -7.3 -2.6 19.0 97.4 - 105.5 A (acc) - SGD (Charges applied)* -11.8 -7.2 13.3 88.0 - 95.7 Morningstar Analyst Rating Silver Morningstar Rating™ ★★★★★ ANNUALISED
    [Show full text]
  • Table of Codes for Each Court of Each Level
    Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115
    [Show full text]