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Annual Report 2020
CONTENTS Financial Figures 002 Definitions 003 Corporate Information 007 Organisation Structure 009 The Group 010 Shareholder Information 011 Chairman’s Statement 013 Management Discussion and Analysis 016 Directors and Senior Management 038 Corporate Governance Report 047 Report of the Directors 062 Independent Auditor’s Report 084 Consolidated Statement of Profit or Loss 089 Consolidated Statement of Comprehensive Income 090 Consolidated Statement of Financial Position 091 Consolidated Statement of Changes in Equity 093 Consolidated Statement of Cash Flows 095 Notes to the Consolidated Financial Statements 098 Five Years Financial Summary 203 002 SINOTRUK (HONG KONG) LIMITED | ANNUAL REPORT 2020 FINANCIAL FIGURES 2020 2019 Increase/(Decrease) % Operating results (RMB million) Revenue 98,198 62,613 35,585 56.8 Gross profit 19,585 12,219 7,366 60.3 Profit attributable to owners of the Company 6,851 3,474 3,377 97.2 Profitability and Liquidity Gross profit ratio (%) 19.9 19.5 0.4 2.1 Net profit ratio (%) 7.6 6.3 1.3 20.6 Current ratio (time) 1.1 1.3 (0.2) (15.4) Trade receivable turnover (days) 41.9 71.2 (29.3) (41.2) Trade payable turnover (days) 186.1 174.2 11.9 6.8 Sales volume (units) HDTs — Domestic 247,454 129,424 118,030 91.2 — Export (including affiliated export) 30,961 40,009 (9,048) (22.6) Total 278,415 169,433 108,982 64.3 LDTs 181,013 109,280 71,733 65.6 Buses 228 1,187 (959) (80.8) Trucks sold under auto financing services 69,300 34,133 35,167 103.0 Per share data Earnings per share - basic (RMB) 2.48 1.26 1.22 96.8 2020 final dividend per share HKD 1.04 0.39 0.65 166.7 or RMB 0.88 0.36 0.52 144.4 Note: In April 2020, the Group acquired the entire equity interests in Datong Gear from CNHTC. -
2019年度社會責任報告 Corporate Social Responsibility Report 2019
2019年度社會責任報告 Corporate Social Responsibility Report 2019 濰柴動力股份有限公司 WEICHAI POWER CO., LTD. Weichai Power Co., Ltd. Corporate Social Responsibility Report 2019 Summary of the Report Subject of the report: The subject of the report is “Weichai Power Co., Ltd. (000338.SZ, 02338.HK)”. Unless otherwise specified in the main text, “we”, “the Company”, “Weichai Power” and “Weichai” shall be taken as its short names. Time frame of the report: 1 January to 31 December 2019, with some contents exceeding the aforementioned time frame. Scope of the report: The report primarily covers the performance and practice of social responsibility of Weichai Power for the year 2019. It concerns the disclosures of performance in key responsibilities and focuses on sustainability and continuous improvement of corporate social responsibilities. The report also disclosed the performance of major social responsibilities by our subsidiaries, namely, KION Group AG (“KION”), Shaanxi Heavy-duty Motor Company Limited (“Shaanxi Heavy-duty Motor”) and Shaanxi Fast Gear Co., Ltd.. (“Fast Gear”). Publication cycle of the report: The corporate social responsibility report is published along with the annual report. Past reports: As of now, the Company has already issued its corporate social responsibility report for 12 consecutive years. References used in the preparation of the report: “The Environmental, Social and Governance Reporting Guide” of The Stock Exchange of Hong Kong Limited (“HKEx”) “The Guidelines for the Standardized Operation of Listed Companies”of the Shenzhen -
Communication on the Sino-German Cooperation Pilot Demonstration Project!
Communication on the Sino-German Cooperation Pilot Demonstration Project! Weichai Power Co., Ltd. 1 Contents q 1. About Weichai Group q 2. Sino-German Cooperation Project Status q 3. Requirements and Suggestions 2 1.1 About Weichai Group p Established in 1946 p Weichai Group has five major business segments, p Employees: 74,000 worldwide including automobile, construction machinery, p Total assets: 133 billion RMB powertrain system, luxury yacht, finance & p Sales revenue: 107.5 billion RMB (revenue of services. It is currently one of the strongest and most overseas companies accounting for 53%, and comprehensive automobile and equipment German subsidiaries contributing 1/3) manufacturing groups in China. p One of the strongest automotive and equipment manufacturing companies in China 34% Sales income( in 100 million RMB) 3 1.2 Integration of IT and industrialization at Weichai Group Process & IT support global business operations refinement p Weichai’s R&D has gone through stages of "so9ware design – single-point system support - full coverage for R&D process – in-group collaborave R&D - global industrial chain collaborave R&D", and ulDmately uses the integraon of IT and industrializaon to support Weichai’s global collaborave R&D. p Weichai’s producDon has gone through stages of "manual recording – MES 1.0 engine assembling document management – MES 2.0 producDon order tracking – MES 3.0 system-guidance feeding – MES 4.0 product cloud, mobilizaon and Internet of things", and uses the integraon of IT and industrializaon to support Weichai’s large-scale, customized and fast delivery. In 2016, 69,436 enterprises par3cipated the evaluaon of integraon p Weichai’s aer-service market has gone through stages level of IT and industrializaon. -
China Heavy Truck Industry Report, 2019-2025
China Heavy Truck Industry Report, 2019-2025 Aug. 2019 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 and insight. -
Operation & Maintains Manual of Weichai Group Diesel Gen-Set
Operation & Maintains Manual of Weichai Group Diesel Gen-set Version No.: V01 Weichai Heavy Machinery Co., Ltd. Foreword Before operating the Gen-set, please read this Operation Manual carefully. This user manual is mainly used to guide customers how to use this equipment, describes structural composition, operation and use, daily maintenance and care, fault diagnosis and measures that shall be taken in details, is helpful for operators and maintenance personnel to use and maintain the Gen-set correctly and contributes for judgment analysis and troubleshooting when the Gen-set malfunctions, in order to ensure that the equipment can be put into normal operation rapidly. Please refer to and read diesel engine’s operation manual, alternator’s user manual and drawings and documents of control part, etc. provided with the Gen-set whiling reading this manual, in order to prevent accidental operations and misjudgment on faults. Precautions in this manual are basic principles that the operators must follow and perform strictly. The purpose of safe and effective operation can be realized only if the equipment is operated and maintained correctly. Occurrence of many accidental injuries often is caused by the reason that basic safety rules are not observed. Contents Chapter 1 Safety ............................................................................................................ 1 I. SAFETY RULES ................................................................................................ 1 II. SAFETY SYMBOLS ......................................................................................... -
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International Conference on Advances in Mechanical Engineering and Industrial Informatics (AMEII 2015) Analysis and Selection to Diesel Engine Type Spectrum for Fishing Vessel Yongding WANG1, a, Shanshan WU2, b 1Department of College of Engineering Science and Technology, Shanghai Ocean University, Shanghai, 201306, China 2Department of College of Engineering Science and Technology, Shanghai Ocean University, Shanghai, 201306, China aemail: [email protected], bemail:[email protected] Keywords: Diesel Engine Type Spectrum; Diesel Selection; Power Distribution Abstract. This paper analyzes the "fishing vessel with a diesel-type spectral identity management measures" to implement the former fishing diesel chaotic management Phenomenon, through the Ministry of Agriculture announced 570 fishing boats with diesel-type spectral data analysis, with power, speed is statistical indicators, drawn by the domestic fishing engine speed, power distribution, inference may encounter situations when the current domestic diesel engine selection. Introduction Over the years due to overfishing of fishery resources, fishers range gradually developed from offshore ocean, fishing master power demand is increasing[1]-[5]. For the limitations of national dual-control policies on the one hand fisherman host power demand, on the other hand diesel engine manufacturers competitive market, there has been fishing the host "big machine small scale", "boat permits inconsistent" and the phenomenon of chaotic management, and long-term exist. The Ministry of Agriculture to strengthen fishing diesel management, science and approved the main parameters of the host power, issued a "fishing boat with diesel-type spectra identification and management approach", the paper published spectral type diesel power, speed to analyze results of the election of the host fishing type range, and future directions[6]. -
The Magazine Foreword Partnership Visions Knowledge Trends Family Innovation Success System Tradition Global
Edition 4 | June 2019 The Magazine Foreword partnership visions knowledge trends family innovation success system tradition global Dear customers, partners and colleagues The year 2019 is a very special one for the HELLER Group. And today? Companies seeking to compete successfully in the 125 years ago, Hermann Heller – only 25 at the time – market not only have to think about tomorrow, but also about stories founded the company ‘Hermann Heller Handelsgeschäft und the day after tomorrow. Artificial intelligence, Industry 4.0 Fabrikation in geschützten Artikeln und Uhrmacher and the future of mobility are the challenges we need to werkzeugen’, specialising in the trade and manufacture of meet with the same visionary entrepreneurial spirit our patented products and watchmaker’s tools. Only a short founders taught us. Particularly in politically and economically while later, his brother Ernst, a trained tradesman, joined challenging times, forward thinking and anticipatory action the company. This marked the birth of ‘Gebrüder Heller are the key to sustainable success. As a longterm oriented Werkzeug und Maschinenfabrik’ in Nürtingen. family business, we have the capabilities to develop and realise visions together. The visionary thinking of the founders provided the foundation for HELLER’s long success story. Already in 1900, Hermann I hope you will enjoy reading this issue and look forward to Heller anticipated the technical development which was to receiving your feedback! become a reality decades later. “In my opinion, the future will be determined by machines and apparatuses. As to the future, I foresee large machines producing all kinds of goods in a fully automatic manner.” This is what the company’s founder replied when asked about where he saw his company in 120 years’ time. -
Weifang Zone to Charge up New Economic Growth Drivers
CHINA DAILY Tuesday, May 15, 2018 Weifang Hi-tech 19 Supermaly goes all out to embrace tech innovation capability By YUAN SHENGGAO Shandong Supermaly Gen- erating Equipment Co, located in the Weifang Hi-tech Indus- trial Development Zone, has We will continue been strongly engaged in technological innovation in to strengthen order to strengthen its market competitiveness. our competitive The company joined with advantages.” professor Zhang Junhong from Tianjin University in Tian Min, director of the work to further reduce the Comprehensive Administrative noise from power generating Department at Supermaly equipment, from levels of 100 to 125 decibels to less than 60 decibels. to advance our key technolo- Its newly designed power gies so as to grow and become generator is also 8 percent stronger.” smaller in size than the previ- Supermaly’s managers ous model, according to the decided to transform the group company. from a power generating equip- A resident experiences GoerTek’s virtual reality system at the 11th China Weifang Culture and Art Fair held in Weifang, East China’s Shandong provice, in late April. “Reliability and noise lev- ment trader to a manufacturer. PROVIDED TO CHINA DAILY els are two key elements in “It took us three years to evaluating the performance of increase sales revenue from a power generator,” said Cao more than 10 million yuan Zhengkun, director of tech- ($1.58 million) to more than nology development at Super- 100 million yuan, by promot- maly. ing technological innovation,” Weifang zone to charge up new “We are working hard to said Tian Min, director of the reduce noise to boost our mar- Comprehensive Administrative ket competitiveness.” Department at Supermaly. -
Annual Report 2019
CONTENTS Financial Figures 002 Definitions 003 Corporate Information 007 Organisation Structure 009 The Group 010 Shareholder Information 011 Chairman’s Statement 013 Management Discussion and Analysis 016 Directors and Senior Management 036 Corporate Governance Report 045 Report of the Directors 059 Independent Auditor’s Report 081 Consolidated Statement of Profit or Loss 090 Consolidated Statement of Comprehensive Income 091 Consolidated Statement of Financial Position 092 Consolidated Statement of Changes in Equity 094 Consolidated Statement of Cash Flows 096 Notes to the Consolidated Financial Statements 098 Five Years Financial Summary 212 002 SINOTRUK (HONG KONG) LIMITED | ANNUAL REPORT 2019 FINANCIAL FIGURES 2019 2018 Increase/(Decrease) % Operating results (RMB million) Revenue 62,227 62,728 (501) (0.8) Gross profit 11,847 11,324 523 4.6 Profit attributable to owners of the Company 3,334 4,346 (1,012) (23.3) Profitability and Liquidity Gross profit ratio (%) 19.0 18.1 0.9 5.0 Net profit ratio (%) 6.1 7.5 (1.4) (18.7) Current ratio (time) 1.4 1.3 0.1 7.7 Trade receivable turnover (days) 48.4 46.2 2.2 4.8 Trade payable turnover (days) 171.2 159.1 12.1 7.6 Sales volume (units) HDTs — Domestic 129,424 131,748 (2,324) (1.8) — Export (including affiliated export) 40,009 36,300 3,709 10.2 Total 169,433 168,048 1,385 0.8 LDTs 109,280 134,046 (24,766) (18.5) Buses 1,187 1,553 (366) (23.6) Trucks sold under auto financing services 34,133 27,748 6,385 23 Per share data Earnings per share - basic (RMB) 1.21 1.57 (0.36) (22.9) 2019 final dividend per share HKD 0.39 0.64 (0.25) (39.1) or RMB 0.36 N/A N/A N/A Note: In April 2019, the Group acquired the entire equity interests in Sinotruk Ji’nan HOWO Bus Co., Ltd. -
2014 China Auto Finance Report Emerging Auto Financial Services
2014 China Auto Finance Report Emerging Auto Financial Services Deloitte Automotive Service January 2014 Introduction This report, built on the China Auto Finance Report released in December 2012, examines new yet popular approaches to innovation initiatives and efficient financial services in the auto industry, and gives an overview of the industry’s most recent developments over the past year. Auto finance, in its broadest sense, refers to financing activities in the manufacturing, distribution, purchase, and consumption of automobiles. Its narrow definition comes down to financing or other financial services offered to consumers or dealerships, involving making loans to dealerships for the construction and equipment input of a showroom and inventory financing, as well as consumer loans, financial leasing, and insurance. According to empirical research, automobile manufacturing processes generate a mere 30% of the total profits created, while distribution and aftersales service departments contribute the other 70%. Financial services rest on the most valuable and energetic part of the auto industry’s value chain, and demonstrate the hugest potential in China. They have proved to be a huge engine driving the auto industry and its consumption activities. Auto finance was invented in the 1920s in the United States as instalment arrangements offered by automakers to buyers. In China, however, the practice was lagging behind, and wasn’t initiated until the People's Bank of China published the Administrative Rules Governing the Auto Financing Company in October, 1998. Despite the auto finance companies established earlier, the core of auto finance – wholesale finance and consumer finance – has been existing for no more than 30 years in China. -
Homologación Parciales Y WVTA 2019 Segundo Semestre.Xlsx
Ministerio de Industria, Comercio y Turismo Homologaciones Parciales y WVTA, 2019 segundo semestre F. Resolución Nº Homologación Fabricante Tipo Marcas 31/10/2019 e9*458/2011*2015/166*3355*01 FORD‐WERKE GMBH 458/2011‐JK FORD 31/10/2019 e9*2007/46*3165*00 FORD‐WERKE GMBH J2K FORD 30/10/2019 E9‐28R‐00.1133 LEONELLI SA 045 LEONELLI 30/10/2019 PM‐24123‐S MIGUEL ARECHAGA SOBERON ORDINARIA LARGA MATRICULAS3D 30/10/2019 e9*2007/46*3109*00 SANTIAGO ANGUIS GARCIA SAG1S AGRO MOTO 29/10/2019 HCR‐PL‐E9‐01.1040 Rev.02 SIRIUS LIGHT TECHNOLOGY CO.,LTD. NS‐4316 NS & SIRIUS 29/10/2019 E9*49R03/00/I*1204*01 INTERNATIONAL INDÚSTRIA AUTOMOTIVA DA AMÉRICA DO SUL LTDA. ACTEON – 4.12TCE EURO III HD INTERNATIONAL INDÚSTRIA AUTOMOTIVA DA AMÉRICA DO SUL LTDA. 28/10/2019 CV18110342 GOURDON FRERES TRH250 GOURDON 28/10/2019 E9*49R05/00*1233*00 VOLVO DO BRASIL VEÍCULOS LTDA. MP8 535C EUV MACK 28/10/2019 E9*40R01/01*1048*00 ZONGSHEN INDUSTRIAL GROUP CO., LTD. ZS150ZH‐3 ZONGSHEN; ALFA; HUAIHAI 28/10/2019 E9*13R10/00*11258*00 XUZHOU XCMG AUTO MANUFACTURING CO., LTD. R13‐6×4‐1 XCMG 28/10/2019 E9*39R00/05*1554*00 XUZHOU XCMG AUTO MANUFACTURING CO., LTD. R39‐1 XCMG 28/10/2019 E9*51R02/10*6558*00 XUZHOU XCMG AUTO MANUFACTURING CO., LTD. NXG4252D5WC‐460‐FAST XCMG 28/10/2019 E9*14R07/08*1408*00 XUZHOU XCMG AUTO MANUFACTURING CO., LTD. R14‐1 XCMG 28/10/2019 E9*46R04/06*16019*00 XUZHOU XCMG AUTO MANUFACTURING CO., LTD. -
UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 11, 2019 Power Solutions International, Inc. (Exact name of registrant as specified in its charter) Delaware 001-35944 33-0963637 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 201 Mittel Drive, Wood Dale, Illinois 60191 (Address of principal executive offices and zip code) Registrant’s telephone number, including area code: (630) 350-9400 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Trading Name of each exchange Title of each class Symbol(s) on which registered None — — Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).