DOCSLIB.ORG

Annual Report 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2013 Important Notes 4 (Ⅰ) Definitions and Significant Risk Warning 5 (Ⅱ) Company Profile 6 (Ⅲ) Accounting Data and Financial Indicators 9 (IV) Report of the Board of Directors 12 (V) Important Issues 43 (VI) Changes in Equity and Shareholders 53 (VII) Directors, supervisors and Senior management 59 (VIII) Corporate Governance 69 (IX) Internal Control 74 (X) Financial Report 75 (XI) Documents Available for Inspection 203 Neusoft Annual Report 2013 Dr. Liu Jiren Chairman Neusoft Corporation The world is changing faster than ever before. An increasing number of new policies, transformative technologies and new trend are constantly catalyzing innovative business models, emerging markets and new demands in recent years. With that big picture in mind, Neusoft has always been focusing on innovation and globalization. We encourage in- novation at all levels of our operations to drive transformation for better. Specifically, we have built a robust growth model driven by knowledge assets. These efforts have helped us not only overcome many challenges and ward off potential risks, but also build our new competitive advantages. Today, new technologies such as mobile Internet, cloud computing, big data and social media are overthrowing tra- ditional business models with new IT products/services and business patterns springing up. This stimulated new mar- ket demands and gradually broke industry barriers, and what followed by are increasingly growing cross-industry competition and cooperation. Over the past twenty-plus years, Neusoft has achieved a great-leap-forward growth through incremental innovation and transformation. In the future, we will integrate innovation into a daily routine, reengineering and strengthening our business capabilities through collaboration. Pinpointing the construction of Chi- na’s economic infrastructures and the informatization in the realms important to the people’s livelihood, we will continue to promote social transformation through IT business, explore business model innovation and transforma- tion, enhance the seamless integration of industrialization and informatization, and accelerate the upgrade of the manufacturing industries. Besides, we will continue to expand our cloud and big data service offerings, by doing so, to build Neusoft into a global excellent innovative company with sustainable development and everlasting vitality. 2 Neusoft Annual Report 2013 Wang Yongfeng President Neusoft Corporation We faced a complex, challenging market environment in the year 2013. To cope with the challenges and achieve a large-scale dynamic growth of our businesses, we strengthened our core business strengths, enhanced organizational systems and capabilities, accelerated the planning and development of new businesses, and promoted business growth through Internet-based diversified business models, application innovation and knowledge assets. In addition, we continued to further the operational excellence plan, strengthened the management of operational expense and enhanced operational efficiency. Thankfully, these efforts we made ensured our stable and sustainable growth. 2014 is an important year for our ongoing growth and transformation. We will stick to our innovation and globa lization strategy, enhance the competitiveness of our core businesses on a professional and systematic basis, and⁃ optimize business structure and organizational capability. Focusing on key accounts, we will set up customer devel- opment team systematically, and develop business that may take leading position in the market with advantageous sales resource. What’s more, we will develop businesses in the fields of cloud service, Internet of Things, IP and product lines, and speed up innovation on Internet-based business model, promote business resource integration to keep pace with the era of mobile Internet, and increase input into knowledge assets that can drive increasing business growth. Moreover, we will accelerate operational excellence plan and comprehensive quality manage- ment, improve expense and budget management to enhance overall operation efficiency, with an aim to drive sus- tainable, large-scale and highly efficient business development. 3 Neusoft Annual Report 2013 Important Notes (1) The Board of Directors, Board of Supervisors, directors and supervisors as well as the senior managements hereby represent and warrant that the Report contains no false representations, misleading statements to material omissions, and will be individually and jointly reliable for the authenticity, accuracy and integrity of the contents. (2) BDO CHINA SHU LUN PAN Certified Public Accountants LLP has issued a standard and unqualified auditor’s report. (3) Liu Jiren, Chairman & CEO, Zhang Xiao’ou, Senior Vice President & CFO, and Shi Peijun, Director of Accounting and Settlement Department, hereby confirm the authenticity, accuracy and integrity of the financial statements in this an- nual report. (4) This report is primarily about Neusoft Corporation (“Neusoft” or the “Company”), including any and/or all branches and subsidiaries of the Company. 4 Neusoft Annual Report 2013 (Ⅰ) Definitions and Significant Risk Warning 1.1 Definitions Unless otherwise indicated, the following items in this annual report have the following meanings. China Securities Regulatory Commission Refers to Securities Regulatory Commission of the People’s Republic of China The Ministry of Commerce Refers to The Ministry of Commerce of the People’s Republic of China Stock exchange Refers to Shanghai Stock Exchange Neusoft, the Company, parent company Refers to Neusoft Corporation The group Refers to Neusoft Corporation and its subsidiaries CPA firm Refers to BDO CHINA SHU LUN PAN Certified Public Accountants LLP Reporting period Refers to Fiscal year of 2012, from January 1st, 2012 to December 31st, 2012 Yuan, Ten thousand Yuan, and one Refers to The RMB Yuan, RMB ten thousand Yuan, RMB ten hundred million Yuan hundred million Yuan 1.2 Significant risk warning: The Company has described the potential risks and related countermeasures in this annual report. For more details, please refer to the Report of the Board of Directors. 5 Neusoft Annual Report 2013 (Ⅱ) Company Profile 2.1 Overview Registered Company Name in Chinese “东软集团股份有限公司” Abbreviation of Registered Company Name in Chinese “东软集团” Registered Company Name in English Neusoft Corporation Abbreviation of Registered Company Name in English Neusoft Legal Representative Liu Jiren 2.2 Contact Secretary of the Board of Directors Representative for Securities Affairs Name Wang Nan Zhang Long Neusoft Park, No.2 Xinxiu Street, Hunnan New District, Neusoft Park, No.2 Xinxiu Street, Hunnan New District, Address Shenyang 110179, PR China Shenyang 110179, PR China Tel 024-83662115 024-83662115 Fax 024-23783375 024-23783375 Email [email protected] [email protected] 2.3 Basic information No.2 Xinxiu Street, Hunnan New District, Shenyang 110179, PR Registered office China Post code 110179 Neusoft Park, No.2 Xinxiu Street, Hunnan New District, Shenyang Address of office 110179, PR China Post code 110179 Official website http://www.neusoft.com Email [email protected] 2.4 Information disclosure and venue of report preparation Newspaper designated by the Company for information disclosure China Securities Journal, Shanghai Securities News Website designated by China Securities Regulatory Commission http://www.sse.com.cn for publication of annual report Venue of preparation of annual report Office of the Board of Directors 6 Neusoft Annual Report 2013 2.5 Company Stock Company Stock Name of stock before altera- Class of stock Stock exchange Stock name Stock code tion A Shanghai Stock Exchange Neusoft Corporation 600718 Neusoft Stock/Neu-Alpine 2.6 Alteration of registered information within the reporting period 2.6.1 Basic information No information related to the place of registration, registered number of Corporate Business License, tax registration number and organization code are altered. No.2 Xinxiu Street, Hunnan New District, Shenyang 110179, PR Place of registration China Registration number of corporate business license 210100402001491 Tax registration number 210132604608172 Organization code 60460817-2 2.6.2 Initial registration information Date of initial registration: June 17th, 1991 Place of initial registration: No. 2, Xinxiu Street Hunnan New District, Shenyang 110179, PR China. 2.6.3 Alteration of main business since listing Focusing on software technologies, the Company provides industry solutions, software products, platforms and servi ces and medical equipment. No significant change in main business is found since listing. ⁃ 2.6.4 Alteration of stockholders since listing In June 1996, the Company was listed at Shanghai Stock Exchange. The largest shareholder was Software Center of Northeastern University of China, holding 27.64% of the total shares. In May 1998, Neusoft accepted a transfer of all corporate shares held by Software Center of Northeastern University of China. After completion of the transfer, Neusoft held 27.64% equity in the Company, becoming the largest shareholder. In December 2003, Neusoft acquired all the foreign corporate shares of the Company held by Alpine Electronics (Chi- na) Co., Ltd. After completion of the acquisition, Neusoft held 60.24% equity in the Company, becoming the controlling shareholder. In March 2008, the Company finished the registration of stock acquisition from the original controlling shareholder Neusoft Group Co., Ltd. and cancellation procedures. NEU Science &
Load more

Recommended publications
  • Annual Report of METRO 2018/19
    w ANNUALGESCHÄFTSBERICHT REPORT 2018/19 KonzernabschlussConsolidated financial der METRO statements AG of METRO AG WHOLE- SALESALE 360 METRO IN FIGURES Change € million 2017/181 2018/19 in % Key financial figures for continuing operations Sales development (like-for-like) % 1.3 2.1 – Sales development in local currency % 1.3 2.2 – Sales (net) 26,792 27,082 1.1 EBITDA excluding earnings contributions from real estate transactions 1,088 1,021 −6.1 Earnings contributions from real estate transactions 128 338 – EBITDA 1,216 1,359 11.8 EBIT 713 828 16.1 EBT (earnings before taxes) 576 709 23.1 Profit or loss for the period2 357 405 13.7 Earnings per share (basic = diluted) € 0.98 1.12 13.7 Cash flow from operating activities 766 796 3.9 Investments 565 499 −11.7 Net debt 3,102 2,858 −7.9 Employees (annual average by headcount) 104,912 101,654 −3.1 1 Previous year’s adjustment due to discontinued operations. 2 Attributable to METRO shareholders. € million 2017/18 2018/19 Change in % Key financial figures for continuing operations, incl. METRO China (outlook analysis) Sales development (like-for-like) % 1.3 2.4 – Sales development in local currency % 1.5 2.5 – Sales (net) 29,476 29,928 1.5 EBITDA excluding earnings contributions from real estate transactions 1,242 1,173 −5.5 EBITDA excluding earnings contributions from real estate transactions Development1 % 1.2 −4.2 – Profit or loss for the period2 443 523 18.0 Earnings per share (basic = diluted) € 1.22 1.44 18.0 Dividend per ordinary share € 0.70 0.703 – Dividend per preference share € 0.70 0.703 – 1 At constant exchange rates.
    [Show full text]
  • Annual Report 2011
    Table of Contents 004 （I）Important Notes 005 （II）Company Profile 007 （III）Financial and Operating Highlights 010 （IV）Changes in Equity and Shareholders 017 （V）Directors, Supervisors and Senior Management 026 （VI）Corporate Governance 034 （VII）Shareholders’Meeting 035 （VIII）Reports of the Board of Directors 061 （IX）Reports of the Board of Supervisors 063 （X）Important issues 075 （XI）Financial Report 203 （XII）Documents Available For Inspection Neusoft Corporation Annual Report 2011 The year 2011 saw the 20th anniversary of Neusoft, a milestone year for us. Focusing on business model innovation, global strategy and operational excellence, we have mapped out future development strategies to build up necessary power and capacities for a sustainable growth. In the aspect of business model innovation, we have been devoted to building a company driven by innovation and service through leveraging our competitiveness and com- petence. In the aspect of global strategy, we have combined all business lines in and outside China, making all products and services available in both local and international markets. In the aspect of operational excellence, we have made some reforms covering organization, technology, culture, leadership and human resources to ensure that Neusoft operates at in- creasingly high efficiency levels. However, the past years were merely a start for our future adventure at Neusoft. We need more entrepreneurial employees to stand out and continue our growth with passion and wisdom. In the coming years, Neusoft will strive to maintain
    [Show full text]
  • Support Services Sub-Processors
    Support Services Sub-processors Last Updated: August 10, 2021 VMware may hire other companies to provide certain services on its behalf. Sub-processors who may process Content (as defined in the Terms of Service) are itemized below. VMware affiliates may also process Content. As set forth in the Data Processing Addendum, VMware has adequate data transfer mechanisms in place with each sub-processor. Subcontractor Country Services Performed Cisco Systems, Inc. USA* Online meeting provider Gainsight, Inc. USA* Customer success platform Microsoft Corporation USA* Email and collaboration tools Salesforce.com USA* CRM/Customer support Zendesk, Inc USA* SR management (VMware Tanzu Application Catalog, SD-WAN, VMware Secure State, Cloudhealth by VMware,VMware’s Carbon Black products/services, only) Zoom Video Communications, Inc. USA* Online meeting provider Amazon Web Services, Inc. USA Hosting provider and platform services (Skyline only) OwnBackup, Inc. USA* Backup hosting provider (VMware Carbon Black products/services only) Khoros, LLC USA* Hosting user exchange platform (VMware Carbon Black products/services only) Clarizen, Inc. USA* Platform used to manage professional services engagements (VMware Carbon Black products/services only) Intercom, Inc. USA* Customer chat * The country listed is the sub-processor’s primary location. VMware purchases the sub-processor’s standard offering and thus the sub-processor controls the country in which data is stored. If you would like to receive updates to this sub-processor list, please go into your user profile subscription tab settings available at https://my.vmware.com/group/vmware/profile, and enable notifications for this sub-processor list. Sub-processors who provide contract staff The following sub-processors provide contract staff that work in close coordination with VMware staff to help provide the support services to VMware customers and in the course of doing so may be exposed to Your Content/Support Request Content (including personal data contained therein).
    [Show full text]
  • China Computer Software Industry Report, 2014-2017
    China Computer Software Industry Report, 2014-2017 Apr. 2014 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically significant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence To establish a comprehensive, factual, annually updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective INFORMATION SOURCES acquisition and joint venture candidates. The primary information sources include Company Reports, To complement the organizations’ internal competitor information and National Bureau of Statistics of China etc. gathering efforts with strategic analysis, data interpretation
    [Show full text]
  • China Fangda Group Co., Ltd
    Interim Report 2020 of China Fangda Group Co., Ltd. China Fangda Group Co., Ltd. 2020 Interim Report August 2020 1 Interim Report 2020 of China Fangda Group Co., Ltd. Chapter I Important Statement, Table of Contents and Definitions The members of the Board and the Company guarantee that the interim report is free from any false information, misleading statement or material omission and are jointly and severally liable for the information’s truthfulness, accuracy and integrity. Mr. Xiong Jianming, the Chairman of Board, Mr. Lin Kebin, the Chief Financial Officer, and Mr. Wu Bohua, the manager of accounting department declare: the Financial Report carried in this report is authentic and completed. All the Directors have attended the meeting of the board meeting at which this report was examined. Forward-looking statements involved in this report including future plans do not make any material promise to investors. Investors should pay attention to investment risks. The Company has specified market, management and production and operation risks in this report. Please review the 10. Risks Facing the Company and Measures in Chapter 4 Operation Discussion and Analysis. The Company will distribute no cash dividends or bonus shares and has no reserve capitalization plan. 2 Interim Report 2020 of China Fangda Group Co., Ltd. Table of Contents Chapter I Important Statement, Table of Contents and Definitions .........................................................................................................2 Chapter II About the Company and
    [Show full text]
  • 8Th Metro World Summit 201317-18 April
    30th Nov.Register to save before 8th Metro World $800 17-18 April Summit 2013 Shanghai, China Learning What Are The Series Speaker Operators Thinking About? Faculty Asia’s Premier Urban Rail Transit Conference, 8 Years Proven Track He Huawu Chief Engineer Record: A Comprehensive Understanding of the Planning, Ministry of Railways, PRC Operation and Construction of the Major Metro Projects. Li Guoyong Deputy Director-general of Conference Highlights: Department of Basic Industries National Development and + + + Reform Commission, PRC 15 30 50 Yu Guangyao Metro operators Industry speakers Networking hours President Shanghai Shentong Metro Corporation Ltd + ++ Zhang Shuren General Manager 80 100 One-on-One 300 Beijing Subway Corporation Metro projects meetings CXOs Zhang Xingyan Chairman Tianjin Metro Group Co., Ltd Tan Jibin Chairman Dalian Metro Pak Nin David Yam Head of International Business MTR C. C CHANG President Taoyuan Metro Corp. Sunder Jethwani Chief Executive Property Development Department, Delhi Metro Rail Corporation Ltd. Rachmadi Chief Engineering and Project Officer PT Mass Rapid Transit Jakarta Khoo Hean Siang Executive Vice President SMRT Train N. Sivasailam Managing Director Bangalore Metro Rail Corporation Ltd. Endorser Register Today! Contact us Via E: [email protected] T: +86 21 6840 7631 W: http://www.cdmc.org.cn/mws F: +86 21 6840 7633 8th Metro World Summit 2013 17-18 April | Shanghai, China China Urban Rail Plan 2012 Dear Colleagues, During the "12th Five-Year Plan" period (2011-2015), China's national railway operation of total mileage will increase from the current 91,000 km to 120,000 km. Among them, the domestic urban rail construction showing unprecedented hot situation, a new round of metro construction will gradually develop throughout the country.
    [Show full text]
  • Annual Meeting of the New Champions 2010 Abridged List Of
    Annual Meeting of the New Champions 2010 Abridged List of Participants As of 30 April 2010 Tianjin, People's Republic of China, 13-15 September David K. Adomakoh Group Managing Director TisoGroup South Africa Igor Akhmerov Chief Executive Officer Avelar Energy Group Switzerland Aly Aziz Chairman The Dashwood Group United Kingdom H.S.H. Prince Henri Founder GBA Belgium d'Arenberg Taqi A. Aziz Executive Director The Dashwood Group United Kingdom Douglas G. Bergeron Chairman and Chief Executive VeriFone Holdings Inc. USA Officer Pramod Bhasin President and Chief Executive Genpact Ltd India Officer Ankur Bhatia Executive Director The Bird Group India Fernando Bolaños Chief Executive Officer AgroAmerica Guatemala Valle Marwan M. Boodai Chief Executive Officer Boodai Corporation Kuwait Tim Brown Chief Executive Officer IDEO Inc. USA Martin Burt Founder and Chief Executive Fundación Paraguaya Paraguay Officer Cynthia Carroll Chief Executive Anglo American Plc United Kingdom Fabio Cavalli Chief Executive Officer and Chief mondoBIOTECH AG Switzerland Business Architect Eric Chen Managing Director Silver Lake Hong Kong SAR Chen Wenchi President and Chief Executive VIA Technologies Inc. Taiwan, China Officer Mathews A. P. Group Chief Executive Press Corporation Ltd Malawi Chikaonda Peter L. Corsell Chief Executive Officer GridPoint Inc. USA Fritz Demopoulos Chief Executive Officer Qunar.com Information Technology People's Republic Co. Ltd. of China Jay P. Desai Founder and Chief Executive Universal Consulting India Pvt. Ltd India Officer Nitin K. Didwania Managing Director Hazel Mercantile Limited India Thomas Enders Chief Executive Officer Airbus SAS France David J. Fear President ZBI Europe LLC United Kingdom Feng Dongming Chairman and Chief Executive Markor Investment Group Co.
    [Show full text]
  • NEUSOFT XIKANG HOLDINGS INC. 東軟熙康控股有限公司 (Incorporated in the Cayman Islands with Limited Liability)
    The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, 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 Application Proof. Application Proof of NEUSOFT XIKANG HOLDINGS INC. 東軟熙康控股有限公司 (Incorporated in the Cayman Islands with limited liability) WARNING The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and the Securities and Futures Commission (the “Commission”) solely for the purpose of providing information to the public in Hong Kong. This Application Proof is in draft form. The information contained in it is incomplete and is subject to change which can be material. By viewing this document, you acknowledge, accept and agree with NEUSOFT XIKANG HOLDINGS INC. (the “Company”), its joint sponsors, advisors or members of the underwriting syndicate that: (a) this document is only for the purpose of providing information about the Company to the public in Hong Kong and not for any other purposes. No investment decision should be based on the information contained in this document; (b) the publication of this document or any supplemental, revised or replacement pages on the Stock Exchange’s website does not give rise to any obligation of the Company, its joint sponsors, advisors or members of the underwriting syndicate to proceed
    [Show full text]
  • The Trend of Cloud Computing in China Chunmei Chi, Feng Gao School of Computer Engineering, Qingdaotechnological University, Qingdao, China E-Mail: [email protected]
    1230 JOURNAL OF SOFTWARE, VOL. 6, NO. 7, JULY 2011 The Trend of Cloud Computing in China Chunmei Chi, Feng Gao School of Computer Engineering, QingdaoTechnological University, Qingdao, China E-mail: [email protected] Abstract—With the rapid development of internet, cloud growth of internet users. ( see fig 1). computing rapidly becomes the next round of growth wave in IT industry. In this paper, we introduce some recent trends in the cloud computing in China. We analyze the 10 thousand policy, the related companies, the advantages of this sector, the services and also some technological problems existed in this area. Index Terms—cloud computing, trends, IaaS, service I. WHAT IS CLOUD COMPUTING Cloud computing is a super internet based computing model in which tens of thousands of computers and servers are connected into a computer cloud. Therefore, the users can get access to the data centers through their Internet users Ratio of netizens computers, laptops, cell phones, etc. Cloud computing Fig 1 allows you to experience more than 10 trillion times per Cloud computing makes breakthrough with the rapid second computing capacity; the computers in the clouds growth of things internet. It tops Gartner’s list of 10 will significantly change the current computer model. strategic technologies in 2010 and will become the Cloud computing comes into focus only when you think mainstream technology in the coming two to five years. about what IT always needs: a way to increase capacity Things internet breaks the boundaries of interpersonal or add capabilities on the fly without investing in new communication and has been recognized as the general infrastructure, training new personnel, or licensing new direction of the industrial development.
    [Show full text]
  • Mitsubishi Electric and Zhuzhou CSR Times Electronic Win Order for Beijing Subway Railcar Equipment
    FOR IMMEDIATE RELEASE No. 2496 Product Inquiries: Media Contact: Overseas Marketing Division, Public Utility Systems Group Public Relations Division Mitsubishi Electric Corporation Mitsubishi Electric Corporation Tel: +81-3-3218-1415 Tel: +81-3-3218-3380 [email protected] [email protected] http://global.mitsubishielectric.com/transportation/ http://global.mitsubishielectric.com/news/ Mitsubishi Electric and Zhuzhou CSR Times Electronic Win Order for Beijing Subway Railcar Equipment Tokyo, January 13, 2010 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Mitsubishi Electric and Zhuzhou CSR Times Electronic Co., Ltd. have received orders from Beijing MTR Construction Administration Corporation for electric railcar equipment to be used on the Beijing Subway Changping Line. The order, worth approximately 3.6 billion yen, comprises variable voltage variable frequency (VVVF) inverters, traction motors, auxiliary power supplies, regenerative braking systems and other electric equipment for 27 six-coach trains. Deliveries will begin this May. The Changping Line is one of five new subway lines scheduled to start operating in Beijing this year. The 32.7-kilometer line running through the Changping district of northwest Beijing will have 9 stops between Xierqi and Ming Tombs Scenic Area stations. Mitsubishi Electric’s Itami Works will manufacture traction motors for the 162 coaches. Zhuzhou CSR Times Electronic will make the box frames and procure certain components. Zhuzhou Shiling Transportation Equipment Co., Ltd, a joint-venture between the two companies, will assemble all components and execute final testing. Mitsubishi Electric already has received a large number of orders for electric railcar equipment around the world. In China alone, orders received from city metros include products for the Beijing Subway lines 2 and 8; Tianjin Metro lines 1, 2 and 3; Guangzhou Metro lines 4 and 5; and Shenyang Metro Line 1.
    [Show full text]
  • China Fangda Group Co., Ltd. Plan for Private Issuing of A-Shares 2012
    China Fangda Group Co., Ltd. Plan for Private Issuing of A-shares 2012 Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No. 2012-12 China Fangda Group Co., Ltd. Plan for Private Issuing of A-shares 2012 March 2012 China Fangda Group Co., Ltd. Plan for Private Issuing of A-shares 2012 Table of Contents Company Statements ......................................................................................................................... 1 Special Prompts................................................................................................................................. 2 Definitions ......................................................................................................................................... 3 Chapter I. Summary of the preplan ................................................................................................... 4 I. Company profiles ....................................................................................................................... 4 II. Circumstance and purposes of this private issuing ................................................................... 4 III. The subscriber and way of subscribing ................................................................................. 10 IV. Type of shares to be issued privately, price and pricing rules, amount of shares to issue, trade limitation period, and arrangement for retained profit ....................................................... 10 V. Investment projects financed by the proceeds
    [Show full text]
  • Tohoku Economics Research Group
    Discussion Paper No.293 The Formation of the Software and Information Services Industry in Dalian, China Yan Zhang and Nozomu Kawabata April 2013 TOHOKU ECONOMICS RESEARCH GROUP GRADUATE SCHOOL OF ECONOMICS AND MANAGEMENT TOHOKU UNIVERSITY 27-1 KAWAUCHI, AOBA-KU, SENDAI, 980-8576 JAPAN 2 The Formation of the Software and Information Services Industry in Dalian, China Yan Zhang (Fujitsu Research Institute) Nozomu Kawabata (Tohoku University) 1. Introduction (1) The Purpose of This Study The purpose of this paper is to elucidate the factors leading to the formation of the software and information services industry in the city of Dalian, China. Studies on information services industries around the world acknowledge India as a center for offshore development and service outsourcing. In contrast, China’s information services industry has a higher ratio of software product development targeting domestic markets (Gregory et al., 2009, Chapter 4). Dalian, however, has prospered as a hub for development and services aimed at Japanese market. While the sales volume and value of exports for the software and information services industry in Dalian were over 200 million yuan and several million dollars, respectively, in 1998, the figures exceeded 40.27 billion yuan and 1.4 billion dollars, respectively, in 2009. The export ratio is 23.8% based on the conversion to the U.S. dollar using each year’s foreign exchange rate. This is significantly higher than the 13.2% export ratio of the entire Chinese software and information services industry (Figure 1). In addition, 90.9% of Dalian’s exports are directed to Japan (Dalian Economic and Information Technology Committee et al., 2009), a percentage considerably greater than that for all of China, which is approximately 60% (Department of Software and Services Industry, Ministry of Industry and Information Technology of the People’s Republic of China, et al., 2010).
    [Show full text]