DOCSLIB.ORG

Summary of Annual Report 2013 of China Merchants Property Development Co., Ltd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Summary of Annual Report 2013 of China Merchants Property Development Co., Ltd Summary of Annual Report 2013 of CMPD Stock Code: 000024, 200024 Stock Short Names: China Merchants Property., China Merchants B Announcement No.: 【CMPD】2014－013 Summary of Annual Report 2013 of China Merchants Property Development Co., Ltd. 1 Important Notice The Summary of Annual Report 2013 is originated from the full Annual Report 2013, so that investors who want to know the details should carefully read the full Annual Report 2013 simultaneously published in the websites such as Shenzhen stock exchange website and the like which are specified by China Securities Regulatory Commission (CSRC). Company Profile China Merchants Property, China Stock Short Name Stock Code 000024, 200024 Merchants B Listed Stock Exchange Shenzhen Stock Exchange Contact Person and Contact Way Secretary of the Board Securities Affair Representative Name Liu Ning Huang Rui No.3 Building, Nanhai E Cool Park, No.6 No.3 Building, Nanhai E Cool Park, No.6 Address Xinghua Road, Shekou Industrial Zone, Xinghua Road, Shekou Industrial Zone, Nanshan Nanshan District, Shenzhen District, Shenzhen Tel 0755-26819600 0755-26819600 Fax 0755-26818666 0755-26818666 Email [email protected] [email protected] 2 Main financial data and shareholder change The Company does not make retroactive adjustment or restatement for the previous year accounting data due to accounting policy alternative, correction of accounting error, etc. (Unit: RMB) Main Year-on-year accounting 2013 2012 2011 Change data Operating 32,567,813,857.52 25,296,762,154.46 28.74% 15,111,366,642.00 income (RMB) Net profit attributable to 4,202,152,074.18 3,318,266,875.59 26.64% 2,591,781,031.00 shareholders Netof the profit listed attributablecompany to shareholders(RMB) of the listed company after 3,923,178,228.65 3,347,473,177.02 17.20% 2,490,234,506.00 deducting non-recurring gains and losses (RMB) 1 Summary of Annual Report 2013 of CMPD Net cash flow from operating 495,923,554.51 5,098,777,753.73 -90.27% -2,112,339,698.00 activities (RMB) Basic 2.45 1.93 26.94% 1.51 earnings per Dishareluted earnings(RMB/share) per 2.45 1.93 26.94% 1.51 share Up by 1.54 Return(RMB/share) on percentage equity (%) 16.73% 15.19% 13.39% points Year-on-year End of 2013 End of 2012 End of 2011 Change Total assets (RMB) 134,040,446,989.65 109,197,242,683.06 22.75% 79,666,494,368.00 Net asset value attributable to shareholders 26,725,501,967.24 23,393,515,534.13 14.24% 20,418,214,797.00 of the listed company (RMB) (2) Influence of IAS Adjustment on Net Profit and Net Asset (unaudited) (Unit: RMB) Net profit attributable to the shareholders of the Net assets attributable to the shareholders of the listed company listed company 2013 2012 End of 2013 End of 2012 By IAS 4,202,152,074.18 3,318,266,875.59 28,065,331,196.24 24,733,344,76 3.13 23,393,515,53 By Chinese Accounting 4,202,152,074.18 3,318,266,875.59 26,725,501,967.24 Standard 4.13 1,339,829,229 Difference between - - 1,339,829,229.00 home& abroad .00 Of which: Adjustment 1,339,829,229 - - 1,339,829,229.00 of goodwill .00 For the current year, the net profit attributable to the shareholders of listed company is the same under both Chinese Accounting Standard and International Accounting Standard. The main reason of the adjustment on the net asset attributable to shareholders of listed company according to International Notes Accounting Standard was that according to the Chinese Accounting Standard and relative regulations, the differences generated by consolidation of entities under same control shall be adjusted into capital reserves, whereas the goodwill generated by consolidation shall be recorded individually as assets according to the IAS. 2 Summary of Annual Report 2013 of CMPD (3) Non-recurring gain and loss items and amount (Unit: RMB) Non-recurring gain and loss items 2013 2012 2011 Gains/losses from the disposal of non-current assets 256,255,563.72 -1,407,797.62 -256,439.00 Government subsidies 33,800 ,048.66 16,352,111.12 1,876,900.00 Other non-operating income/expenditure net amount 11,630,003.67 Influences on minority shareholders’ gains/losses -3,883,513.02 -49,804,571.52 100,717,124.00 Impact on income tax -7,253,985.40 2,766,668.96 -192,214.00 Reversal of any provisions for asset impairment which has been made in prior years -11,574,272.10 2,887,287.63 -598,846.00 Total 278,973,845.53 -29,206,301.43 101,546,525.00 (4) Shareholding of top 10 shareholders Total amount of Total amount of shareholders at the 59,052 (including 49,776 A share holders shareholders at the fifth 69,317 (including 59,549 A share holders end of the report period and 9,276 B share holders) trading day before the and 9,768 B share holders) annual report disclosed Shareholding of top 10 shareholders Amount of Share Pledged or freeze shares Class of shares at the Year-on-year Restricted Unrestricted Name of shareholder proportio shareholder end of the shares shares n (%) Change Share state Amount report period State-owne China Merchants Shekou Industrial d legal 40.38 693,419,317 No 693,419,317 No No No Zone Co., Ltd. person Overseas Full Space Investment legal 5.48 94,144,050 No 94,144,050 No No No person Overseas China Merchants Securities Hong legal 2.90 49,887,284 152,378 49,242,245 645,039 No No Kong Co., Ltd. person Overseas FOXTROT INTERNATIONAL legal 1.61 27,720,000 No 27,720,000 No No No LIMITED person Overseas ORIENTURE INVESTMENT LTD legal 1.55 26,603,145 No 26,603,145 No No No person Domestic none Full Goal Tianbo Innovative Theme state-owne 1.05 18,000,000 7,988,882 No 18,000,000 No No Equity Securities Investment Fund d legal person Domestic none GF Small-capitalization Growth Equity state-owne 0.82 14,152,047 3,152,047 No 14,152,047 No No Securities Investment Fund d legal person 3 Summary of Annual Report 2013 of CMPD Domestic none New China Life Insurance Co.,Ltd state-owne 0.81 13,865,592 13,865,592 No 13,865,592 No No d legal person Overseas GOLDEN CHINA MASTER FUND 0.75 12,873,191 386,431 No 12,873,191 No No institution Domestic none GF Wealth Gathering Open Securities state-owne 0.70 12,000,000 12,000,000 无 12,000,000 无 无 Investment Fund d legal person Top 10 holders of unrestricted shares Name of shareholder Unrestricted shares at the end of year Class of Share Full Goal Tianbo Innovative Theme Equity Securities 18,000,000 A share Investment Fund GF Small-capitalization Growth Equity Securities 14,152,047 A share Investment Fund New China Life Insurance Co., Ltd. 13,865,592 A share GOLDEN CHINA MASTER FUND 12,873,191 B share GF Wealth Gathering Open Securities Investment 12,000,000 A share Fund Norges Bank 11,394,794 A share National Social Insurance Fund 118 Combination 9,943,818 A share BOCI SECURITIES LIMITED 9,756,100 B share Yinhua ShenZheng 100 Index Rating Securities 8,745,733 A share Investment Fund VALUE PARTNERS CLASSIC FUND 7,557,460 B share Shekou Industrial Zone and its subsidiary companies Full Space Investment, Top Chief International, FOXTROT INTERNATIONAL LIMITED and ORIENTURE INVESTMENT LTD are persons acting in concert. In the Company shares held by China Merchants Securities Hong Kong Co., Ltd., 49,242,245 shares were bought in by Top Chief in the previous year through entrustment. GF Small-capitalization Growth Equity Securities Investment Fund and GF Wealth Gathering Open Securities Investment Fund belong to the same fund management company. (3) The following chart shows the equity and the control relationship between the Company and the Actual Controller at the end of report period: State-owned Assets Supervision and Administration Commission Supervision and Administration Commission of the State Council 100% China Merchants Group Co., Ltd. 100% 40.38% China Merchants Shekou Industrial Zone Co., Ltd. 100% 2.87% Top Chief Co., Ltd. 100% Orienture Holdings Co. Ltd China Merchants Property Development Co., Ltd. 5.48% 100% Full Space Investment Limited 1.61% 100% Foxtrot International Limited 1.55% 100% Orienture Investment Limited 4 Summary of Annual Report 2013 of CMPD 3 Managerial discussion and analysis Overview (A) Market Review In 2013, the global economy gradually got rid of the haze of financial crisis and took a turn for the better while maintaining stability. After 30 years of rapid growth that reform and opening up has brought about, China's economy entered a period of stable development. While preventing economic downside risks, the central government put more emphasis on promoting economic structural adjustment and improving the quality and efficiency of economic development to seek balance in "steady growth, structural adjustment and reform promotion". In 2013, China's real estate market generally saw a steady and positive development, with key indicators picking up. National real estate sales area reached 1305.51 million square meters, and sales reached 8142.8 billion Yuan, a record high, up 17.3% and 26.3% respectively. Along with the trend of sales recovery, there came a strong rebound in newly started construction area throughout the year, an increase in land acquisition area and gradual rise in land cost.
Load more

Recommended publications
  • Summary of Semi-Annual Report 2006
    China Merchants Property Development Co., Ltd. Summary of Semi-Annual Report 2006 Stock Code: 000024,200024 Stock ID: G China Merchants, China Merchants B Announcement No. [CMPD]2006-023 China Merchants Property Development Co., Ltd. Summary of Semi-Annual Report 2006 §1 Important Declaration 1.1 The Board of Directors and the directors of the Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report. This summary is abstracted from the completed text of the Interim Report, which can be found at www.cninfo.com.cn , for details of the report please go to the complete text. 1.2 None of the directors, supervisors, or senior managements is not able to guarantee or disagree with the accuracy, authentic and completeness. 1.3 All directors presented the board meeting. 1.4 The financial statements carried in this report are not audited. 1.5 Mr. Sun Chengming - the legal representative, Mr. Huang Peikun – the chief financial officer, and Ms. Xu Yixia – the manager of accounting department declare: the financial reports carried in this report is secured for its truthfulness and completeness. 1 China Merchants Property Development Co., Ltd. Summary of Semi-Annual Report 2006 §2 Company Profile 2.1 Company Profile Stock ID G China Merchants, China Merchants B Stock Code 000024、 200024 Stock Exchange Shenzhen Stock Exchange, Singapore Stock Exchange Secretary of the Board Representative of Stock Affairs Name Chen Yu Liu Ning 9/F, New Times Plaza, Shekou Industrial Zone, 9/F, New Times Plaza, Shekou Industrial Zone, Address Nanshan District, Shenzhen Nanshan District, Shenzhen Tel.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Builing Energy Efficiency: Why Green Buildings Are Key to Asia's Future
    ENDNOTES 1 Intergovernmental Panel on Climate Change, 2007, Climate Change 2007: Mitigation of Climate Change, Summary for Policymakers, p. 18. 2 The Institute of Energy Economics, Japan (IEEJ), 2006, “Asia/World Energy Outlook 2006”, see: http://eneken.ieej.or.jp/en/data/pdf/362.pdf 3 Architecture 2030, “The Building Sector”, See web site of Architecture 2030: http://www.architecture2030.org/building_sector/index.html 4 Dependency of Japan, China and South Korea on the Middle East for oil supply will increase from 72 percent in 2004 to 83 percent in 2030. 5 Ivo J.H. Bozon, Warren J. Campbell, and Mats Lindstrand, 2007, “Global Trends in Energy”, The McKinsey Quarterly, no. 1, pp.47-55. 6 Telephone interview with Barbara Finamore, Director, China Clean Energy Program, Natural Resources Defense Council, May 2006; Information Center of the Chinese Ministry of Land and Resources, 2007, “Energy Situation in China and Energy Development Strategy”, see: http://big5. lrn.cn/stratage/resposition/200704/t20070410_49075.htm 7 Xu Binglan, 2006, “Energy standards set for buildings”, China Daily, February 17, see: http://www.chinadaily.com.cn/english/doc/2006-02/17/ content_521206.htm 8 India Construction Industry Development Council, 2006, Country Report 2005-2006. 9 The Institute of Energy Economics, Japan (IEEJ), 2006, “Asia/World Energy Outlook 2006”, see: http://eneken.ieej.or.jp/en/data/pdf/362.pdf 10 The Institute of Energy Economics, Japan (IEEJ), 2006, “Asia/World Energy Outlook 2006”, see: http://eneken.ieej.or.jp/en/data/pdf/362.pdf www.AsiaBusinessCouncil.org
    [Show full text]
  • Ping An: Insurance and Tall Buildings 3. Conference Proceeding Ctbuh
    ctbuh.org/papers Title: Ping An: Insurance and Tall Buildings Authors: Wai Ming Tsang, Executive Director, Ping An Financial Centre Construction & Development Stephen Yuan, General Manager - Risk Management Department, Ping An Life Insurance Company of China Subjects: Building Case Study Security/Risk Urban Infrastructure/Transport Keywords: Connectivity Risk Supertall Publication Date: 2015 Original Publication: Global Interchanges: Resurgence of the Skyscraper City Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Wai Ming Tsang; Stephen Yuan Ping An: Insurance and Tall Buildings Abstract Wai Ming (Thomas) Tsang Executive Director The Ping An Finance Center in Shenzhen will become one of the most significant tall buildings Ping An Financial Centre in China and the world when completed in 2016. As the headquarters of a major insurance Construction & Development, company, in a prominent location subject to intensive weather conditions, the preparations Shenzhen, China to insure Ping An Finance Center were of a scale appropriate to that of the building and its stature. This paper details the determination of the risk profile and the chosen insurance policies Mr. Tsang Wai Ming, or Thomas, joined Ping An Real Estate as undertaken for the project. the CEO of Shenzhen Ping An Financial Center Construction and Development Limited Company in April 2012. Before he joined Ping An, he worked in Sun Hung Kai Properties, one of the largest global real estate developers headquartered in Keywords: Insurance; Tall Buildings Hong Kong. He acted as the Project Director of Sun Hung Kai Properties, mainly in charge of the Shanghai IFC & Suzhou ICC buildings.
    [Show full text]
  • Urbanization and Sustainability in Asia
    5. People’s Republic of China APRODICIO A. LAQUIAN INTRODUCTION The PeopleÊs Republic of China (PRC) is the most populated country in the world and is undergoing rapid economic development and urbanization. Relevant statistics on the countryÊs development are presented in Table 5.1. Most of the population still live in rural areas. However, by 2030, urban populations are expected to grow by more than 300 million, with 60% of the population living in urban areas. The ability to manage this expected level of urban development will be a major challenge. Significant social and environ- mental problems are already arising from 20 years of rapid growth. This chapter examines some issues facing urbanization in the PRC and introduces three case studies: Revitalizing the Inner City·Case Study of Nanjing, Shenzhen; Building a City from Scratch; and Reviving Rust-belt Industries in the Liaodong Peninsula. The case studies provide examples of the application of good practice in support of sustainable urban development. The final part of the chapter reflects on what has been learned. The PRCÊs commitment to sustainable development can be traced to its participation at the 1992 United Nations Conference on Environment and Development. Two years later, the State Council approved the „White Paper on ChinaÊs Population, Environment and Development in the 21st Century.‰ In that document, sustainability as „development that meets the needs of the present without compromising the ability of future generations to meet theirs‰ (WCED 1987) was taken as official policy. The PRC also approved Agenda 21 that spelled out its developmental policies and programs. The PRCÊs Agenda 21 program set as a target the quadrupling of the countryÊs gross national product (GNP) (1980 as the base) and increasing CCh5_101-134.inddh5_101-134.indd 101101 111/15/20061/15/2006 44:26:55:26:55 PMPM 102 Urbanization and Sustainability in Asia its per capita GNP to the level of „moderately developed countries‰ by the year 2000.
    [Show full text]
  • U.S. Investors Are Funding Malign PRC Companies on Major Indices
    U.S. DEPARTMENT OF STATE Office of the Spokesperson For Immediate Release FACT SHEET December 8, 2020 U.S. Investors Are Funding Malign PRC Companies on Major Indices “Under Xi Jinping, the CCP has prioritized something called ‘military-civil fusion.’ … Chinese companies and researchers must… under penalty of law – share technology with the Chinese military. The goal is to ensure that the People’s Liberation Army has military dominance. And the PLA’s core mission is to sustain the Chinese Communist Party’s grip on power.” – Secretary of State Michael R. Pompeo, January 13, 2020 The Chinese Communist Party’s (CCP) threat to American national security extends into our financial markets and impacts American investors. Many major stock and bond indices developed by index providers like MSCI and FTSE include malign People’s Republic of China (PRC) companies that are listed on the Department of Commerce’s Entity List and/or the Department of Defense’s List of “Communist Chinese military companies” (CCMCs). The money flowing into these index funds – often passively, from U.S. retail investors – supports Chinese companies involved in both civilian and military production. Some of these companies produce technologies for the surveillance of civilians and repression of human rights, as is the case with Uyghurs and other Muslim minority groups in Xinjiang, China, as well as in other repressive regimes, such as Iran and Venezuela. As of December 2020, at least 24 of the 35 parent-level CCMCs had affiliates’ securities included on a major securities index. This includes at least 71 distinct affiliate-level securities issuers.
    [Show full text]
  • Information for Prospective Candidates
    INFORMATION FOR PROSPECTIVE CANDIDATES Thank you for your interest in Harrow Shenzhen (Qianhai). We hope you find the following information helpful and look forward to receiving your application. Contents 1. Asia International School Limited 2. Harrow International School Shenzhen (Qianhai) 3. Message from the Head Master 4. Harrow International Schools • Leadership for a better World • Academic Progression • Boarding 5. Leadership values 6. The benefits of working with Harrow Family in Asia 7. Other Schools in The Harrow Asia Family • Harrow Bangkok • Harrow Beijing • Harrow Hong Kong • Harrow Shanghai 8. What we are looking for 9. Living and working in Shenzhen • Cost of Living • The transport system • Weather • Living in Shenzhen • Tourism • Hospitals and clinics • Shopping • Forums and Directories • Frequently Asked Questions ASIA INTERNATIONAL SCHOOL LIMITED The Leading Provider of World Class British international Education Building on Harrow School’s 450-year legacy of educational excellence, Asia International School Limited (AISL) has over 20 years of experience, operating Harrow international schools in Bangkok (1998), Beijing (2005), Hong Kong (2012) and Shanghai (2016). AISL is the holding company of Harrow International Schools (HISs), Harrow Innovation Leadership Academies (HILAs) and Harrow Little Lions Childhood Development Centres (HLLs). From 2020, HILAs will commence operations in several tier-one and tier-two cities in China, providing an outstanding K-12 bilingual and holistic education to local students, assuring a successful pathway to the world’s top universities. We currently operate two HLLs, in Shanghai, adjacent to our HIS, and in Chongqing. There are advanced plans to open several more in the near future. Harrow – 450 Years of Heritage Harrow School was founded in London in 1572 under a Royal Charter granted by Elizabeth I.
    [Show full text]
  • Chapter 1 Important Notice, Content and Paraphrases
    招商局地产控股股份有限公司 2012 年度报告全文 Annual Report 2012 Announcement No.:【CMPD】2013-009 Chapter 1 Important Notice, Content and Paraphrases Important Notice: Board of Directors, Supervisory Committee of China Merchants Property Development Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby confirm that there are no any important omissions, fictitious statements or serious misleading information carried in this report, and shall take all responsibilities, individual and/or joint, for the authenticity, accuracy and integrality of the whole contents. The preplans for profit distribution and for increasing capital stock transferred from capital reserve during the report period examined by the Board of Directors of the Company are: Taking the report period end shareholding equity 1,717,300,503 shares as the cardinal number, for each ten shares, allot RMB 3.0 cash (including tax), and increasing capital stock transferred from capital reserve is not performed. Lin Shaobin—Legal Representative, Huang Peikun—Chief Financial Officer, and Xu Yixia—Manager of Accounting Department hereby confirm that the Financial Report enclosed in the Annual Report is true and complete. Zhang Wei - Independent Director of the Company did not attend the meeting due to business, and Chai Qiang -Independent Director was authorized to attend the meeting and exercised the right to vote on behalf of him. All the rest Directors attended the meeting of Board of Directors examining this report. This report has been prepared in Chinese and English version respectively. In the occurrence of differences due to interpretations of both versions, the Chinese report shall prevail. 0 招商局地产控股股份有限公司 2012 年度报告全文 Content Chapter 1.
    [Show full text]
  • Project Description SHUM YIP Upperhills LOFT
    1 SHUM YIP UpperHills LOFT Location: Shenzhen, China Date: 2018 Architect: Urbanus Solution and technologies: Envelope Introduction The Shum Yip UpperHills Loft, a Urbanus project, is a high-end commercial complex with 6 high-rise towers containing offices, hotels and business apartments. Adjacent to the CBD and Huaqiangbei shopping district, it is also located between two center parks in Shenzhen. 2 Description Located at the interchange of Sungang Road and Huanggang Road, Futian District, Shenzen city, China, Shumyip project is one of the 20 biggest projects to celebrate the 30th anniversary of the establishment of Shenzhen Special Economic Zone. The total construction floors are about 1.2 million m2. The project targets to be the top city complex in Asia and includes shopping street, mall, research office, LOFT, luxury hotel etc. 13.400 m2. Ductal® Envelope panels were used in the façade of LOFT. Application Shumyip project is a one of the key project with high attentions; owner would like to find a solution with high quality and durability, especially considering the impact of climate as coastal city. Secondly, the façade panels require double skin finishing, Ductal® has very good fluidity, which allows it to be casted in closed mould, and achieve high level surface finishing quality. Thirdly, the façade is designed as grill, with a 50% perforate ratio, with 20 mm thickness of the panel frame. Comparing with the traditional concrete or GRC solution, Ductal® can easily achieve the designed perforate ratio, no need for rebar or string to reinforce. Challenge At the beginning stage, the project owner explored many solutions, and also tried to get visual mock-up from several GRC manufacture.
    [Show full text]
  • Rail Plus Property Development in China: the Pilot Case of Shenzhen
    WORKING PAPER RAIL PLUS PROPERTY DEVELOPMENT IN CHINA: THE PILOT CASE OF SHENZHEN LULU XUE, WANLI FANG EXECUTIVE SUMMARY China’s rapid urbanization has increased the demand CONTENTS for both housing and transport, leading to a continuing Executive Summary .......................................1 need for urban transit. Cities face significant challenges 1. Introduction ............................................. 2 in financing the growth of urban transit infrastructure. The current practice of financing urban metro or subway 2. Financing Urban Rail Transit Projects in Chinese projects through municipal fiscal revenues (partly from Cities: The Current Situation ............................. 4 land concession fees) and government-backed bank 3. Implementing R+P in China: Opportunities loans is not only inadequate to meet the demand, but and Challenges ........................................... 6 also exacerbates deep-seated problems like mounting municipal financial liabilities, urban sprawl, and urban 4. Analytical Framework ................................ 10 encroachment on farmland. To address these problems, 5. Shenzhen Case Study ................................ 12 Chinese cities need to diversify the ways in which they 6. Summary and Recommendations ...................29 finance urban metro projects. Appendix............................... ...................... 37 Endnotes 38 In a variety of approaches that aim to alleviate the financ- .................................................. ing problems of local governments, Rail
    [Show full text]
  • China Merchants Property Development Co., Ltd. Summary of Annual Report 2005
    China Merchants Property Development Co., Ltd. Summary of Annual Report 2005 Stock Code: 000024, 200024 Stock ID: G China Merchants, China Merchants B Public Notice No: [CMPD] 2006-011 China Merchants Property Development Co., Ltd. Summary of Annual Report 2005 §1 Important Declaration 1.1 The Board of Directors and the directors of the Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report. This summary is abstracted from the completed text of Annual Report 2005, for details of the report please go to the complete text. 1.2 None of the directors, supervisors, nor senior executives is holding uncertain opinion or disagreement over the truthfulness, accuracy, and completeness over the Annual Report. 1.3 Director(s) absented the board meeting Name of the Reason of absent Consignee Director Liu Hongyu Business engagement Wu Yinong Shi Xinping Business engagement Wu Yinong Meng Yan Business engagement Wu Yinong 1.4 The financial reports were audited by Deloitte Touche Tohmatsu (Shanghai) CPA Ltd. and Deloitte Touche Tohmatsu (Hong Kong) CPA as domestic and overseas auditor respectively. Both of the CPAs issued standard auditing report without qualified opinion. 1.5 Mr. Sun Chengming - the legal representative, Mr. Huang Peikun – the chief financial officer, and Ms. Xu Yixia – the manager of accounting department declare: the financial reports carried in this annual report is secured for its truthfulness and completeness. §2 Company Profile 2.1 Company Profile Stock ID G China Merchants, China Merchants B Stock Code 000024、 200024 1 China Merchants Property Development Co., Ltd.
    [Show full text]
  • Shenzhen Retail Marketbeats 2019 Q1-EN
    SHENZHEN RETAIL APRIL 2019 MARKETBEATS 3.78 ¥894.2 4.1% STOCK RENTAL VACANCY (MILLION SM) (RMB/SQM/MO) RATE Economic Indicators Past 12-Month HIGHLIGHTS Q3 2018 Q4 2018 Growth 8.1% 7.6% Shenzhen’s prime retail stock remained at 3.78 million sq m for the quarter. Supported by GDP Growth malls’ solid sales performance, citywide average rent increased 2.8% q-o-q to RMB894.2 per Total Retail Sales Growth 8.2% 7.6% sq m per month in Q1. Despite the tenant mix adjustments underway at some projects and a CPI Growth 2.6% 2.8% Note: Growth figure is y-o-y growth seasonal slowdown, the vacancy rate remained flat at 4.1% on solid take-up. Source: Shenzhen Statistics Bureau In Futian, average rent rebounded to RMB1,005.6 per sq m per month, up 2.6% q-o-q, and Shenzhen Total Retail Sales of the vacancy rate tightened further to 6.4% at quarter’s end. This was helped by improved Consumer Goods 2,000 performance at UpperHills mall. Meanwhile, Coco Park added international labels Dior, Lancome and Givenchy, as well as new F&B including the South China entry of Royal 1,000 Stacks and a new cafe by %Arabica Coffee. Nanshan’s vacancy rate edged up to 4.3% as some retailers left older stores due to RMB 100 million 0 competition heated up in the area. Supported by the premium malls, average rent increased 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 3.0% q-o-q to RMB865 per sq m per month for the quarter in Nanshan.
    [Show full text]