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Annual Report 2019 Mobility
(a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1766 Annual Report Annual Report 2019 Mobility 2019 for Future Connection Important 1 The Board and the Supervisory Committee of the Company and its Directors, Supervisors and Senior Management warrant that there are no false representations, misleading statements contained in or material omissions from this annual report and they will assume joint and several legal liabilities for the truthfulness, accuracy and completeness of the contents disclosed herein. 2 This report has been considered and approved at the seventeenth meeting of the second session of the Board of the Company. All Directors attended the Board meeting. 3 Deloitte Touche Tohmatsu CPA LLP has issued standard unqualified audit report for the Company’s financial statements prepared under the China Accounting Standards for Business Enterprises in accordance with PRC Auditing Standards. 4 Liu Hualong, the Chairman of the Company, Li Zheng, the Chief Financial Officer and Wang Jian, the head of the Accounting Department (person in charge of accounting affairs) warrant the truthfulness, accuracy and completeness of the financial statements in this annual report. 5 Statement for the risks involved in the forward-looking statements: this report contains forward-looking statements that involve future plans and development strategies which do not constitute a substantive commitment by the Company to investors. Investors should be aware of the investment risks. 6 The Company has proposed to distribute a cash dividend of RMB0.15 (tax inclusive) per share to all Shareholders based on the total share capital of the Company of 28,698,864,088 shares as at 31 December 2019. -
Interim Report 2017
IMPORTANT I. The board of directors (the “Board”) and the supervisory committee (the “Supervisory Committee”) of the Company and its director(s) (the “Director(s)”), supervisor(s) (the “Supervisor(s)”) and senior management (the “Senior Management”) hereby warrant the truthfulness, accuracy and completeness of the contents of this interim report and that there is no false representation, misleading statement or material omission in this report, for which they will assume, severally and jointly, legal responsibility. II. This interim report has been considered and approved by the twenty-fifth meeting of the first session of the Board and all the Directors attended the meeting of the Board. III. The interim report is unaudited. IV. Mr. Liu Hualong, Chairman of the Company, Ms. Zhan Yanjing, the Chief Financial Officer and Mr. Wang Jian, the head of accounting department (person in charge of accounting affairs), hereby state to guarantee the truthfulness, accuracy and completeness of the financial report in the interim report. V. The Company does not have any proposal on profit distribution or transfer of capital reserve fund during the reporting period considered and approved by the Board. VI. Disclaimer for forward-looking statements This report contains forward-looking statements that are based on subjective assumptions and judgements on future policies and economic trends and are subject to a variety of uncertainties. The actual results or trends may differ from these forward-looking statements. Investors should be aware that the forward-looking statements included in this report in relation to future plans, development strategies, etc. do not constitute any substantive commitment to investors by the Company. -
2019 Annual Results Announcement
B_table indent_3.5 mm N_table indent_3 mm Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3898) 2019 ANNUAL RESULTS ANNOUNCEMENT The board of directors (the “Board”) of Zhuzhou CRRC Times Electric Co., Ltd. (the “Company” together with its subsidiaries, the “Group”) is pleased to announce the audited results of the Group for the year ended 31 December 2019. This announcement, containing the main text of the 2019 annual report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of annual results. The 2019 annual report of the Company will be despatched to the H-Share holders of the Company and will also available for viewing on the website of the Stock Exchange at http://www.hkex.com.hk and on the website of the Company at http://www.tec.crrczic.cc on or before 30 April 2020. By order of the Board Zhuzhou CRRC Times Electric Co., Ltd. Li Donglin Chairman Zhuzhou, China, 27 March 2020 As at the date of this announcement, our chairman of the Board and executive director is Li Donglin, our vice chairman of the Board and executive director is Yang Shouyi, our other executive directors are Liu Ke’an and Yan Wu, our non-executive director is Zhang Xinning, and our independent non-executive directors are Chan Kam Wing, Clement, Pao Ping Wing, Liu Chunru, Chen Xiaoming and Gao Feng. -
Annual Report 2018 IMPORTANT
(a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1766 Driving Value For You Annual Report 2018 IMPORTANT 1. The Board and the Supervisory Committee of the Company and its Directors, Supervisors and Senior Management warrant that there are no false representations, misleading statements contained in or material omissions from this annual report and they will assume joint and several legal liabilities for the truthfulness, accuracy and completeness of the contents disclosed herein. 2. This report has been considered and approved at the ninth meeting of the second session of the Board of the Company. All Directors attended the Board meeting. 3. Deloitte Touche Tohmatsu CPA LLP has issued standard unqualified audit report for the Company’s financial statements prepared under the PRC GAAP in accordance with PRC Auditing Standards. Deloitte Touche Tohmatsu has issued standard unqualified audit report for the financial statements prepared under the International Financial Reporting Standards (“IFRSs”) in accordance with Hong Kong Standards on Auditing. 4. Liu Hualong, the Chairman of the Company, Zhan Yanjing, the Chief Financial Officer and Wang Jian, the head of the Accounting Department (person in charge of accounting affairs) warrant the truthfulness, accuracy and completeness of the financial statements in this annual report. http://www.crrcgc.cc/ 5. Statement for the risks involved in the forward-looking statements: this report contains forward-looking statements that involve future plans and development strategies which do not constitute a substantive commitment by the Company to investors. Investors should be aware of the investment risks. 6. -
中國中車股份有限公司 CRRC CORPORATION LIMITED (A Joint Stock Limited Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 1766)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國中車股份有限公司 CRRC CORPORATION LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1766) 2019 INTERIM RESULTS ANNOUNCEMENT The board of directors of CRRC Corporation Limited (the “Company”) is pleased to announce the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2019. This announcement, containing the main text of the 2019 interim report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of interim results. The 2019 interim report of the Company and its printed version will be published and delivered to the H shareholders of the Company and available for view on the websites of the Stock Exchange at http://www.hkex.com.hk and of the Company at http://www.crrcgc.cc on or before 30 September 2019. By order of the Board CRRC Corporation Limited Liu Hualong Chairman Beijing, the PRC 29 August 2019 As at the date of this announcement, the executive directors of the Company are Mr. Liu Hualong, Mr. Sun Yongcai and Mr. -
Connect the World Through Better Mobility CRRC Corporation Limited (CRRC)
Connect the World through Better Mobility CRRC Corporation Limited (CRRC) Preparation instructions Table of contents As the third annual Social responsibility report released since the establishment of CRRC, this Report accurately reflects the Company’s 04 Message from the economic, social and environmental responsibilities aiming to achieve Chairman comprehensive, coordinated and sustainable development. 06 About us 08 Social responsibility management 38 58 Reporting period 11 Sustainable operation From January 1, 2017 to December 31 2017, some of the contents may be BUILDING A SHOULDERING beyond the above period. BEAUTIFUL RESPONSIBILITIES Reporting scope ENVIRONMENT AS A CORPORATE The Report covers the corporate headquarters and its subordinate CITIZEN enterprises. Sources 22 All information data hereunder has been sourced from the Company's CREATING official documents, statistical reports and financial reports, as well as the social responsibility information organised,summarised and reviewed by AN ICONIC the Company. BRAND Basis for the Report The Report has been prepared under the Guidelines for Central Enterprises to Fulfill Social Responsibilities and the Implementation Guidelines for the Twelfth Five-year Plan for Harmonious Development of Central Enterprises issued by SASAC, the Environmental, Social and Governance Reporting Guide issued by the Hong Kong Stock Exchange, the Environmental Information Disclosure of Listed Companies and the Guidelines for Compiling Corporate Social Responsibility Reports issued by the Shanghai Stock Exchange, the Preparation Guidelines for China Corporate Social Responsibility Reports (CASS- CSR4.0) issued by the Chinese Academy of Social Sciences, the Sustainability Reporting Guidelines issued by Global Reporting Initiative (GRI), and the Guidance on Social Responsibility (ISO 26000) issued by the International Organization for Standardization. -
2020 Annual Results Announcement
B_table indent_3.5 mm N_table indent_3 mm Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3898) 2020 ANNUAL RESULTS ANNOUNCEMENT The board of directors (the “Board”) of Zhuzhou CRRC Times Electric Co., Ltd. (the “Company” together with its subsidiaries, the “Group”) is pleased to announce the audited results of the Group for the year ended 31 December 2020. This announcement, containing the main text of the 2020 annual report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of annual results. The 2020 annual report of the Company will be despatched to the H-Share holders of the Company and will also available for viewing on the website of the Stock Exchange at http://www.hkex.com.hk and on the website of the Company at http://www.tec.crrczic.cc on or before 30 April 2021. By order of the Board Zhuzhou CRRC Times Electric Co., Ltd. Li Donglin Chairman Zhuzhou, China, 30 March 2021 As at the date of this announcement, our chairman of the Board and executive director is Li Donglin, our vice chairman of the Board and executive director is Liu Ke’an, our other executive directors are Shang Jing and Yan Wu, our non-executive director is Zhang Xinning, and our independent non-executive directors are Chan Kam Wing, Clement, Pao Ping Wing, Liu Chunru, Chen Xiaoming and Gao Feng. -
中國中車股份有限公司 CRRC CORPORATION LIMITED (A Joint Stock Limited Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 1766)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國中車股份有限公司 CRRC CORPORATION LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1766) 2021 INTERIM RESULTS ANNOUNCEMENT The board of directors of CRRC Corporation Limited (the “Company”) is pleased to announce the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2021. This announcement, containing the main text of the 2021 interim report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of interim results. The 2021 interim report of the Company and its printed version will be published and delivered to the H shareholders of the Company and available for view on the websites of the Stock Exchange at http://www.hkex.com.hk and of the Company at http://www.crrcgc.cc on or before 30 September 2021. By order of the Board CRRC Corporation Limited Sun Yongcai Chairman Beijing, the PRC 27 August 2021 As at the date of this announcement, the executive Directors of the Company are Mr. Sun Yongcai and Mr. Lou Qiliang; and the independent non-executive Directors are Mr. -
Mobility for Future Connection Interim Report 2020 IMPORTANT
Interim Report 2020 Mobility for Future Connection Interim Report 2020 IMPORTANT I. The board of directors (the “Board”) and the supervisory committee (the “Supervisory Committee”) of the Company and its director(s) (the “Director(s)”), supervisor(s) (the “Supervisor(s)”) and senior management (the “Senior Management”) hereby warrant the truthfulness, accuracy and completeness of the contents of this interim report and that there is no false representation, misleading statement or material omission in this interim report, for which they will assume, severally and jointly, legal responsibility. II. The details of the Director absent from the meeting are as follows: This report has been considered and approved by the twenty-second meeting of the second session of the Board. There were seven Directors eligible for attending the meeting and six Directors attended the meeting, Mr. Lou Qiliang, an executive Director, did not attend the on-site meeting due to other business engagement and appointed Mr. Sun Yongcai, an executive Director and the president, as proxy to vote on his behalf and to execute documents including resolutions and minutes of the meeting in relation to each resolution proposed at the Board meeting. III. The interim report is unaudited. IV. Liu Hualong, Chairman of the Company, Li Zheng, the Chief Financial Officer and Wang Jian, the head of accounting department (person in charge of accounting affairs), hereby state to guarantee the truthfulness, accuracy and completeness of the financial report in the interim report. V. The Company does not have any proposal on profit distribution or transfer of capital reserve fund during the reporting period considered and approved by the Board. -
Annual Report and They Will Assume Joint and Several Legal Liabilities for the Truthfulness, Accuracy and Completeness of the Contents Disclosed Herein
IMPORTANT 1. The board of directors (the “Board”) and the supervisory committee (the “Supervisory Committee”) of the Company and its directors (the “Director(s)”), supervisors (the “Supervisor(s)”) and senior management (the “Senior Management”) warrant that there are no false representations, misleading statements contained in or material omissions from this annual report and they will assume joint and several legal liabilities for the truthfulness, accuracy and completeness of the contents disclosed herein. 2. This annual report has been considered and approved at the twelfth meeting of the first session of the Board of the Company. All Directors of the Company attended the Board meeting. 3. Deloitte Touche Tohmatsu CPA LLP has issued standard unqualified audit report for the Company’s financial statements prepared under the PRC GAAP in accordance with PRC Auditing Standards. Deloitte Touche Tohmatsu has issued standard unqualified audit report for the financial statements prepared under the International Financial Reporting Standards (“IFRSs”) in accordance with Hong Kong Standards on Auditing. 4. Cui Dianguo, the Chairman of the Company, Zhan Yanjing, the Chief Financial Officer and Wang Jian, the head of the Accounting Department (person in charge of accounting affairs) warrant the truthfulness, accuracy and completeness of the financial statements in this annual report. 5. Statement for the risks involved in the forward looking statements: this annual report contains forward-looking statements that involve future plans and development strategies which do not constitute a substantive commitment by the Company to investors. Investors should be aware of the investment risks. 6. The Company has proposed to distribute a cash dividend of RMB0.15 (tax inclusive) per share to all shareholders based on the share capital of 27,288,758,333 shares in aggregate as at 31 December 2015. -
The Impact of China's Mercantilist Policies on Global High
Heading Off Track: The Impact of China’s Mercantilist Policies on Global High- Speed Rail Innovation NIGEL CORY | APRIL 2021 Chinese high-speed rail firm CRRC is less innovative than European and Japanese firms, but mercantilist policies help it dominate in China and expand globally. This starves superior firms of revenue, reduces their R&D, and slows the pace of global innovation. KEY TAKEAWAYS ▪ China’s state-directed bid for a leadership position in the high-speed rail sector has distorted the global market with massive subsidization, mandated mergers, forced technology transfers, and other mercantilist practices. ▪ With its vast resources, China could have financed win-win trade and innovation. Instead, it pursued zero-sum mercantilism, closing its own market and subsidizing its rail firms to help them take advantage of open foreign markets. ▪ There are only a few large high-speed rail projects at any one time worldwide. It’s critical that they go to market- and innovation-driven firms, not state-driven players like CRRC. ▪ CRRC is already working on high-speed projects in developing countries, and with its state backing it is now tirelessly pursuing its first big prize in a developed country. ▪ The huge diversion of global market share and revenue to CRRC has helped it catch up to its competitors. But each project lost to CRRC means fewer new patents and technologies from the world’s most innovative high-speed rail firms. ▪ If CRRC’s global market share was 15 percent instead of 70 percent, then non-Chinese high-speed rail firms would have doubled the number of U.S. -
453819 1 En Bookfrontmatter 1..17
Lecture Notes in Electrical Engineering Volume 483 Board of Series editors Leopoldo Angrisani, Napoli, Italy Marco Arteaga, Coyoacán, México Bijaya Ketan Panigrahi, New Delhi, India Samarjit Chakraborty, München, Germany Jiming Chen, Hangzhou, P.R. China Shanben Chen, Shanghai, China Tan Kay Chen, Singapore, Singapore Rüdiger Dillmann, Karlsruhe, Germany Haibin Duan, Beijing, China Gianluigi Ferrari, Parma, Italy Manuel Ferre, Madrid, Spain Sandra Hirche, München, Germany Faryar Jabbari, Irvine, USA Limin Jia, Beijing, China Janusz Kacprzyk, Warsaw, Poland Alaa Khamis, New Cairo City, Egypt Torsten Kroeger, Stanford, USA Qilian Liang, Arlington, USA Tan Cher Ming, Singapore, Singapore Wolfgang Minker, Ulm, Germany Pradeep Misra, Dayton, USA Sebastian Möller, Berlin, Germany Subhas Chandra Mukhopadyay, Palmerston North, New Zealand Cun-Zheng Ning, Tempe, USA Toyoaki Nishida, Kyoto, Japan Federica Pascucci, Roma, Italy Yong Qin, Beijing, China Gan Woon Seng, Singapore, Singapore Germano Veiga, Porto, Portugal Haitao Wu, Beijing, China Junjie James Zhang, Charlotte, USA ** Indexing: The books of this series are submitted to ISI Proceedings, EI-Compendex, SCOPUS, MetaPress, Springerlink ** Lecture Notes in Electrical Engineering (LNEE) is a book series which reports the latest research and developments in Electrical Engineering, namely: • Communication, Networks, and Information Theory • Computer Engineering • Signal, Image, Speech and Information Processing • Circuits and Systems • Bioengineering • Engineering The audience for the books in LNEE consists of advanced level students, researchers, and industry professionals working at the forefront of their fields. Much like Springer’s other Lecture Notes series, LNEE will be distributed through Springer’s print and electronic publishing channels. For general information about this series, comments or suggestions, please use the contact address under “service for this series”.