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INTERIM REPORT 2019 3 Business Review
SHENZHEN INVESTMENT HOLDINGS BAY AREA DEVELOPMENT COMPANY LIMITED (incorporated in the Cayman Islands with limited liability) Stock Codes: 737 (HKD counter) & 80737 (RMB counter) 2019 Guangzhou INTERIM REPORT Huizhou Dongguan Foshan Jiangmen Shenzhen Zhongshan Hong Kong Zhuhai Macao AboutsAbout Us Us Shenzhen Investment Holdings Bay Area Development Company Limited (formerly known as Hopewell Highway Infrastructure Limited) (the “Company”) (stock codes: 737 (HKD counter) and 80737 (RMB counter)), listed on the Stock Exchange since August 2003, adopts development strategies focusing on the infrastructure and correlated business within the Guangdong-Hong Kong-Macao Greater Bay Area. Shenzhen Investment Holdings Company Limited, a corporation wholly-owned by Shenzhen Municipal State-owned Assets Supervision and Administration Commission, became the ultimate parent company of the Company on 4 April 2018. Contents 2 Business Review 13 Financial Review 22 Interim Dividend 23 Other Information 28 Report on Review of Condensed Consolidated Financial Statements 29 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 30 Condensed Consolidated Statement of Financial Position 31 Condensed Consolidated Statement of Changes in Equity 32 Condensed Consolidated Statement of Cash Flows 33 Notes to the Condensed Consolidated Financial Statements 43 Appendix – Unaudited Condensed Consolidated Financial Information (Prepared under Proportionate Consolidation Method) 45 5-Year Financial Summary 48 Glossary 51 Corporate Information 52 Financial Calendar BUSINESS REVIEW General Business Performance Aggregate average daily toll revenue generated by the GS Superhighway and the GZ West Superhighway (also known as the “Western Delta Route”) in the first half of 2019 amounted to RMB12.69 million, largely flat YoY as compared to the corresponding period last year, whereas the total toll revenue was RMB2.296 billion. -
Bay to Bay: China's Greater Bay Area Plan and Its Synergies for US And
June 2021 Bay to Bay China’s Greater Bay Area Plan and Its Synergies for US and San Francisco Bay Area Business Acknowledgments Contents This report was prepared by the Bay Area Council Economic Institute for the Hong Kong Trade Executive Summary ...................................................1 Development Council (HKTDC). Sean Randolph, Senior Director at the Institute, led the analysis with support from Overview ...................................................................5 Niels Erich, a consultant to the Institute who co-authored Historic Significance ................................................... 6 the paper. The Economic Institute is grateful for the valuable information and insights provided by a number Cooperative Goals ..................................................... 7 of subject matter experts who shared their views: Louis CHAPTER 1 Chan (Assistant Principal Economist, Global Research, China’s Trade Portal and Laboratory for Innovation ...9 Hong Kong Trade Development Council); Gary Reischel GBA Core Cities ....................................................... 10 (Founding Managing Partner, Qiming Venture Partners); Peter Fuhrman (CEO, China First Capital); Robbie Tian GBA Key Node Cities............................................... 12 (Director, International Cooperation Group, Shanghai Regional Development Strategy .............................. 13 Institute of Science and Technology Policy); Peijun Duan (Visiting Scholar, Fairbank Center for Chinese Studies Connecting the Dots .............................................. -
Annual Report 2019 Annual Report 2019 3
CONTENTS Five Years Financial Summary 2 Report of the Directors 74 Financial Highlights 3 Independent Auditor’s Report 81 Corporate Profile 4 Consolidated Income Statement 86 Location Maps of Projects 6 Consolidated Statement of Comprehensive Income 87 Chairman’s Statement 14 Consolidated Balance Sheet 88 Management Discussion and Analysis 22 Consolidated Statement of Cash Flows 90 Investor Relations Report 56 Consolidated Statement of Changes in Equity 91 Directors’ Profiles 59 Notes to the Consolidated Financial Statements 93 Corporate Governance Report 62 Corporate and Investor Relations Information 182 Yuexiu Transport Infrastructure Limited Yuexiu Transport Infrastructure Limited 2 Annual Report 2019 Annual Report 2019 3 FIVE YEARS FINANCIAL SUMMARY INCOME STATEMENT Year ended 31 December (RMB’000) 2019 2018 2017 2016 2015 Income from operations 3,023,221 2,847,073 2,702,844 2,519,003 2,226,023 Earnings before interests, tax, depreciation and amortisation (“EBITDA”)1 2,956,565 2,855,785 2,722,179 2,356,181 2,037,563 Profit before income tax 1,900,445 1,891,655 1,638,417 1,520,564 869,932 Profit for the year 1,595,043 1,411,681 1,267,222 1,166,477 653,022 Profit attributable to: Shareholders of the Company 1,137,590 1,054,135 947,942 918,817 532,086 Non-controlling interests 457,453 357,546 319,280 247,660 120,936 Basic earnings per share for profit attributable to the shareholders of the Company RMB0.6799 RMB0.6300 RMB0.5666 RMB0.5491 RMB0.3180 Dividend per share RMB0.3500 RMB0.3375 RMB0.2970 RMB0.2885 RMB0.2296 BALANCE SHEET As at -
Comparison Between Steel Arch Bridges in China and Japan
Journal of JSCE, Vol. 1, 214-227, 2013 COMPARISON BETWEEN STEEL ARCH BRIDGES IN CHINA AND JAPAN Kangming CHEN1, Shozo NAKAMURA2, Baochun CHEN3, Qingxiong WU3 and Takafumi NISHIKAWA4 1Student Member of JSCE, PhD Candidate, Dept. of Civil and Environmental Eng., Nagasaki University (1-14, Bukyo-machi, Nagasaki 852-8521, Japan) 2Member of JSCE, Professor, Dept. of Civil and Environmental Eng., Nagasaki University (1-14, Bukyo-machi, Nagasaki 852-8521, Japan) E-mail: [email protected] 3Professor, College of Civil Eng., University of Fuzhou (2, Xueyuan Road, Minhou, Fuzhou 350108, China) 4Member of JSCE, Assistant Professor, Dept. of Civil and Environmental Eng., Nagasaki University (1-14, Bukyo-machi, Nagasaki 852-8521, Japan) A review of the current status and progress of steel arch bridges in China and Japan, as well as an outline of the design vehicle load and design method against global buckling for such bridges, is presented in this paper. The existing steel arch bridges in China and Japan were analyzed in terms of year of completion, main span length, structure type, main arch rib form and construction method. It is shown that the steel arch bridge in China has developed rapidly since 2000, characterized by a long main span, while in Japan it has stepped into a fast-growing period since 1955, with medium and small bridges holding a great majority. As for the main span length, most of the bridges have a span from 100m to 250m in China, while majority of bridges are shorter than 150m in Japan. Over 80% of the bridges in China are through and half-through bridge types, and the arch ribs are hingeless structures. -
About Bank of China
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. 中國銀行股份有限公司 BANK OF CHINA LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (the “Bank”) (Stock Code: 3988 and 4619 (Preference Shares)) ANNOUNCEMENT Corporate Social Responsibility Report of Bank of China Limited for 2020 In accordance with the Chinese mainland and Hong Kong regulatory requirements, the meeting of the Board of Directors of the Bank held on 30 March 2021 considered and approved the Corporate Social Responsibility Report of Bank of China Limited for 2020. Set out below is a complete version of the report. The Board of Directors of Bank of China Limited Beijing, PRC 30 March 2021 As at the date of this announcement, the directors of the Bank are: Liu Liange, Wang Wei, Lin Jingzhen, Zhao Jie*, Xiao Lihong*, Wang Xiaoya*, Zhang Jiangang*, Chen Jianbo*, Wang Changyun#, Angela Chao#, Jiang Guohua#, Martin Cheung Kong Liao#, Chen Chunhua# and Chui Sai Peng Jose#. * Non-executive Directors # Independent Non-executive Directors Corporate Social Responsibility Report of Bank of China Limited for 2020 March 2021 1 Preface In 2020, a year unseen before, Bank of China upheld its missions as a large state-owned financial enterprise and leveraged its advantages of globalisation and integration to contribute to the people’s well-being and serve the social development. -
China 2025 16
China | Equity Strategy China 14 December 2014 EQUITY RESEARCH China The Year of the Ram: Stars Aligned for a Historic Bull Run Key Takeaway The Ram, the Bull and the Heavenly Twins – the stars are now aligned for China’s historic bull-run. China's stock market offers massive untapped potential given the high savings rate and low penetration. “Keeping Growth Steady” is a top priority for 2015; we expect SHCOMP and HSCEI to test 4,050 and 15,420, up 38% and 37% from current levels. As confidence gains momentum, volatility becomes the investors’ best friend. CHINA China Gallops into a Historic Bull Run. On Nov 20, 2013, we wrote “The Year of the Horse will see China unleash its full potential, as President Xi ushers in a new era of profound change.” “We expect capital markets to gradually gain confidence in China’s ability to drive fundamental reforms and expect Chinese stocks to enter a historic multi-year bull run.” Indeed, 2014 has been a remarkable year. As of Dec.12, SHCOMP surged 39% to 2938, breaking a seven-year bearish trend to become the best performing index in the world. China Stock Market: Massive Untapped Potential. According to China Household Finance Survey, property accounted for 66.4% of total Chinese household assets in 2013. Financial assets accounted for a mere 10.1% of household wealth. While over 61% of Chinese families have bank deposits, only 6.5% of them invested in the stock market. Given China’s high savings rate and low stock market penetration, we believe the A-share market offers significant upside potential. -
The Rise of China's Supercities: New Era of Urbanization
M BLUEPAPER October 10, 2019 08:00 PM GMT China The Rise of China's Supercities: New Era of Urbanization e believe Urbanization 2.0 will fuel productivity growth, allowing China to attain high-income status. By 2030 we expect the average size of the country's five Wsupercities to reach 120mn, an 8.5x increase in commuter rail length, and a tripling of the IoT and data market to almost US$1trn. Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. += Analysts employed by non-U.S. affiliates are not registered with FINRA, may not be associated persons of the member and may not be subject to NASD/NYSE restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account. M BLUEPAPER Contributors MORGAN STANLEY ASIA LIMITED+ MORGAN STANLEY ASIA LIMITED+ MORGAN STANLEY ASIA LIMITED+ Robin Xing Gary Yu Jenny Zheng, CFA Economist Equity Analyst Economist +852 2848-6511 +852 2848-6918 +852 3963-4015 [email protected] [email protected] [email protected] MORGAN STANLEY ASIA LIMITED+ MORGAN STANLEY ASIA LIMITED+ MORGAN STANLEY TAIWAN -
ANNUAL REPORT 2016/17 10-Year Financial Summary
HOPEWELL HIGHWAY INFRASTRUCTURE LIMITED HOPEWELL HIGHWAY Stock Codes: 737 (HKD counter) & 80737 (RMB counter) ANNUAL 2016/17 REPORT Room 63-02, 63rd Floor Hopewell Centre 183 Queen’s Road East A Wan Chai, Hong Kong N N Tel: (852) 2528 4975 U A Fax: (852) 2861 0177 L REPORT www.hopewellhighway.com 2 0 1 6 / 1 7 Hopewell Highway Infrastructure Limited (“HHI”) (stock codes: 737 (HKD counter) and 80737 (RMB counter)), listed on the Stock Exchange since August 2003, builds and operates strategic expressway infrastructure in Guangdong Province. With the strong support and well established experience of its listed parent, Hopewell Holdings Limited (stock code: 54), HHI focuses on the initiation, promotion, development, investment and operation of toll expressways and bridges, particularly in the thriving Pearl River Delta region. Contents 2 Financial Highlights (Presented under Proportionate Consolidation Method) 3 10-Year Financial Summary 6 Chairman’s Statement 11 Profile of Directors 19 Management Discussion and Analysis 19 Business Review 34 Financial Review 45 Others 46 Sustainability Report 72 Corporate Governance Report 91 Report of the Directors 101 Independent Auditor’s Report 107 Consolidated Statement of Profit or Loss and Other Comprehensive Income 108 Consolidated Statement of Financial Position 109 Consolidated Statement of Changes in Equity 111 Consolidated Statement of Cash Flows 113 Notes to the Consolidated Financial Statements 159 Appendix – Consolidated Financial Information (Prepared under Proportionate Consolidation Method) -
Interim Report
HOPEWELL HIGHWAY INFRASTRUCTURE LIMITED INFRASTRUCTURE HOPEWELL HIGHWAY 2014/15 Interim Report Interim Report 2014/15 Report Interim Hopewell Highway Infrastructure Limited (“HHI”) (stock codes: 737 (HKD counter) and 80737 (RMB counter)), listed on the Stock Exchange since August 2003, builds and operates strategic expressway infrastructure in Guangdong Province. With the strong support and well established experience of its listed parent, Hopewell Holdings Limited (stock code: 54), HHI focuses on the initiation, promotion, development, investment and operation of toll expressways and bridges, particularly in the thriving Pearl River Delta region. Contents Group Results 2 Dividend 7 Business Review 8 Financial Review 29 Corporate Sustainability 38 Other Information 40 Report on Review of Condensed Consolidated Financial Statements 48 Condensed Consolidated Statement of Profit or Loss 49 and Other Comprehensive Income Condensed Consolidated Statement of Financial Position 50 Condensed Consolidated Statement of Changes in Equity 51 Condensed Consolidated Statement of Cash Flows 53 Notes to the Condensed Consolidated Financial Statements 54 Appendix — Condensed Consolidated Financial Information 64 (Prepared Under Proportionate Consolidation Method) 10-Year Financial Summary 67 Corporate Information and Key Dates 70 Glossary 71 Group Results The Board is pleased to announce that the Group’s unaudited interim results for the six months ended 31 December 2014 presented in RMB were as follows: Six months ended 31 December 2013 2014 Net toll -
Group-Owned Brands Guangdong Provincial Communication Group Co., Limited 2019
Group-owned brands Guangdong Provincial Communication Group Co., Limited 2019 Guangdong Provinicial Guangdong Expressway Yueyun Transportation Guangdong-Hong Kong Communication Group Co., Ltd. Pass App Yuexing App Bus Cross-the-Border WeChat Public Account WeChat Public Account WeChat Public Account WeChat Public Account Designer: Guangdong Highway Media Co. Ltd. About this Report To improve readability and for ease of writing, we have used terms such as Provincial Communication Group, the Group, the Company and We interchangeably in this report. English translation for the Group's name is GUANGDONG PROVINCIAL COMMUNICATION GROUP CO., LTD. Quality Assurance Processes About this Edition and Procedures By releasing and distributing questionnaires on our This report is the ninth annual Corporate Social official website, we had better communication with our Responsibility (CSR) report published by Guangdong stakeholders, helping them fully understand our business Provincial Communication Group Co., Ltd. goals as well as needs and expectations of interested parties, which allows the Group to better assume its social responsibilities. Scope of Coverage References and Standards Communications, leading to a better life Period of This Report includes information from State-owned Assets Supervision and Administration reporting: January 1, 2019 to December 31, 2019, with Commission of the State Council some information beyond this period of time. Guiding Opinions on the Performance of Social Responsibility Scope of Guangdong Provincial Communication by Central Enterprises reporting: Group Co., Ltd, its subsidiaries and branches. Chinese Academy of Social Sciences Data Data and descriptions in this report are from Guidelines on the Formulation of Chinese Corporate Social sources: the Group's Yearbook and other official Responsibility Reports (CASS-CSR3.0) documents. -
Hong Kong's Role in the Guangdong
Hong Kong’s Role in the Guangdong - Hong Kong - Macao Greater Bay Area Presentation by the Honourable Mrs Carrie LAM Chief Executive of Hong Kong SAR 9 April 2019, Tokyo, Japan 1 About the Greater Bay Area Population Area: 56 000 km² GDP 71 million US$1.6 trillion Zhaoqing Guangzhou Huizhou 5% Foshan Dongguan 12% China’s Zhongshan Shenzhen China’s Population GDP Zhuhai Jiangmen Hong Kong Macao 2 About the Greater Bay Area (Cont’d) Characteristics of the Greater Bay Area • Distinctive geographical advantages – most intensive cluster of ports and airports in the world • Robust economic strength • High concentration of key factors in innovation • Advanced level of internationalisation • Solid cooperation foundations • Most important of all, systemic strengths of “One Country, Two Systems” 3 About the Greater Bay Area (Cont’d) Guangdong - Hong Tokyo Bay Area New York San Francisco Kong - Macao Metropolitan Area Bay Area Bay Area Size 56 000 km² 36 900 km² 21 500 km² 17 900 km² Population 71.1 million 44 million 20.2 million 7.7 million GDP US$1.6 Trillion US$1.8 Trillion US$1.7 Trillion US$0.8 Trillion Annual Airport 8 million tonnes 3.6 million tonnes 2.2 million tonnes 1.2 million tonnes Freight Turnover Annual Air 202 million 124 million 132.2 million 81.3 million passenger traffic Annual Port 66.5 million 7.8 million TEUs 6.3 million TEUs 2.4 million TEUs container TEUs throughput 4 Greater Bay Area Development: A National Strategy Mission • A new attempt to break new ground in pursuing opening up on all fronts • A further step in taking -
'Competition Is Going to Be Very Keen'
MONEY LAUNDERING FOSUN CHAIRMAN CUSTOMS , CASES UP REAPPEARS MARINE The Financial Intelligence Guo Guangchang spoke at OFFICIALS Office found 910 cases of Fosun’s previously scheduled FACE GRAFT suspected money laundering annual meeting, according to ACCUSATIONS transactions Chinese newspapers P5 P6 P10 TUE.15 Dec 2015 T. 15º/ 19º C H. 65/ 85% Blackberry email service powered by CTM MOP 5.00 2459 N.º HKD 7.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho “ THE TIMES THEY ARE A-CHANGIN’ ” WORLD BRIEFS WILFRED WONG EXCLUSIVE CHINA The reprieved death sentence of former CONRAD FORBES railways minister Liu Zhijun was commuted yesterday to life in prison by the Beijing Higher ‘Competition People’s Court. The Second Intermediate People’s Court of Beijing sentenced Liu to death with a two-year reprieve is going in July 2013 for bribery and abuse of power. Liu has been incarcerated in Qincheng Prison since August 2013. The penitentiary last to be very month proposed that his sentence be commuted to life in prison for good behavior during the two- year period. keen’ CHINA-SWITZERLAND Paulo Coutinho national Film Festival of Hong The World Intellectual Kong, and Chairman of the Property Organization HE St Regis Hotel is Asian Film Awards Academy. says China cranked out opening without a casi- “So of all the components in P5 patent applications at no this week in Cotai and the industry, the gaming part a record pace last year. Sheldon Adelson will be is the only part in which I have Its total of just under Tcoming to town for the occasion.