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Investment Report of China Electric Power Industry, 2000-2008
Investment Report of China Electric Power Industry, 2000-2008 Abstract Bytheendof2007,China'stotalinstalledcapacityhasamountedto713millionkilowatt.China'spowerdemandis expectedtocontinuetokeepthemomentumofasteadygrowthin2008,up13%yearonyear.Withtheshutdown ofsmallthermalpowergeneratingunitsandtheslowdownininvestmentinpowergeneration,thehighgrowthrate ofChina'snewlyincreasedinstalledcapacityin2008willdecelerate,andtherateisexpectedtoreach11.8%year onyear. Fromthelongrun,China'spowerindustry,boostedbyacceleratedprocessofindustrializationandurbanizationat home,willhaveanaverageannualgrowthrateof6.6%to7.0%in thenexttenyears,indicatingpowerindustrywill requireagreatdealofinvestment. Regardingtheinvestmentdirection,Chinahasthemomentumofacceleratingthepaceofinvestmentin hydropower,windpowerandnuclearpower,butitsinvestmentincoal-firedpowergenerationstillranksthefirstin termsofinvestmentamount.SuchastructureofChinapowerindustrywillremainbasicallyunchangedforalong time.Atpresent,China'shydropoweroutputamountsto13.88percentofthenationaltotal,nuclearpoweroutput accountsfor1.94percentandwindpoweroutputamountsto0.26percent,whilecoal-firedpoweroutputtakesup atleast78%ofthenationaltotal.China'scoal-firedpowergenerationwillstillbeinastageofstabledevelopment atleastbefore2020,whenChina'sinstalledcapacityofcoal-firedpowergeneratingunitswillremainatmorethan 70percent. Wemakeacomparisonofinvestmentbetweentheabove-mentionedseveraltypesofpowergeneration,andtheir asset-liabilityratiosarebasicallythesameintermsoffinancialindicators.Butintermsofcostrateandratioof -
Dalian Refrigeration Co., Ltd. 2011 Annual Report
Dalian Refrigeration Co., Ltd. 2011 Annual Report Dalian Refrigeration Co., Ltd. 2011 Annual Report CONTENTS §1 Important Notes⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯ 2 §2 Company Profile⋯⋯⋯⋯ ⋯⋯⋯ ⋯⋯ ⋯⋯⋯ ⋯⋯ ⋯⋯⋯ ⋯⋯ ⋯⋯⋯ ⋯⋯ ⋯ 2 §3 Summary of Accounting Data and Business Data⋯⋯ ⋯ ⋯⋯⋯ ⋯⋯ ⋯⋯⋯ ⋯⋯ ⋯ 4 §4 Changes in Share Capital and Particulars about Shareholders⋯⋯⋯ ⋯⋯⋯ ⋯⋯ 6 §5 Directors, Supervisors, Senior Staff Members and Employees of the Company⋯⋯ 9 §6 The Administrative System of the Company⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ 13 §7 The Internal Control of the Company⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯ 15 §8 Brief Introduction to the Shareholders General Meeting⋯ ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ 16 §9 Report of the Board of Directors⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯ 17 §10 Report of the Supervisory Board⋯⋯⋯⋯ ⋯⋯⋯⋯ ⋯ ⋯⋯⋯⋯ ⋯ ⋯⋯⋯⋯ ⋯ ⋯ 29 §11 Significant Events⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯ ⋯ 31 §12 Financial Report⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ 37 §13 Contents of Reference Documents⋯ ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ 95 1 Dalian Refrigeration Co., Ltd. 2011 Annual Report §1 Important Notes 1.1 The directors and the Board of Directors, the supervisors and the Supervisory Board, and Senior staff members of Dalian Refrigeration Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are not any important omissions, fictitious statements or serious misleading carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completeness of the whole contents. 1.2 The financial report has been audited by ZON ZUN Certified Public Accounts Office Ltd. who has presented unqualified opinion audit report. 1.3 Chairman of the Board of Directors of the Company Mr. Zhang He, Financial Majordomo and the head of Accounting Department Ms. Xu Junrao hereby confirm that the financial report of the annual report is true and complete. 1.4 This report is written respectively in Chinese and in English. -
World Steel in Figures 2017 Table of Contents Foreword
WORLD STEEL IN FIGURES 2017 TABLE OF CONTENTS FOREWORD Foreword ...........................................................................................3 This year we are celebrating our 50th anniversary but of course this Celebrating 50 years of the World Steel Association ............................4 publication will largely report on last year 2016. Much has changed in 50 years – back in 1967, the world produced just less than 500 million CRUDE STEEL PRODUCTION tonnes of steel. In 2016, the world produced just over 1,600 million World crude steel production, 1950 to 2016 ........................................7 tonnes. Most of the growth came from new industrialising nations – Top steelmakers, 2016........................................................................8 Brazil, China, India, Iran and Mexico. Major steel-producing countries, 2015 and 2016 .................................9 Steel as a product is so versatile and fundamental to our lives that it is Crude steel production by process, 2016 .......................................... 10 considered essential to economic growth. Consequently, for most of the Continuously-cast steel output, 2014 to 2016 ����������������������������������� 11 past 50 years, the world has been producing increasingly more steel Monthly crude steel production, 2013 to 2016 ����������������������������������� 12 and sometimes more than was actually required – while at the same time, making the product universally affordable and promoting intense STEEL USE competition between its producers. Steel production and use: geographical distribution, 2006 ................. 14 In the global markets we operate in, fierce competition for trade will Steel production and use: geographical distribution, 2016 ................. 15 remain, with the present push to protect domestic markets probably Apparent steel use, 2010 to 2016...................................................... 16 continuing for the next few years. But we believe that it is crucial for Apparent steel use per capita, 2010 to 2016 .................................... -
DFA INVESTMENT DIMENSIONS GROUP INC Form NPORT-P Filed 2021-03-25
SECURITIES AND EXCHANGE COMMISSION FORM NPORT-P Filing Date: 2021-03-25 | Period of Report: 2021-01-31 SEC Accession No. 0001752724-21-062357 (HTML Version on secdatabase.com) FILER DFA INVESTMENT DIMENSIONS GROUP INC Mailing Address Business Address 6300 BEE CAVE ROAD 6300 BEE CAVE ROAD CIK:355437| IRS No.: 363129984 | State of Incorp.:MD | Fiscal Year End: 1031 BUILDING ONE BUILDING ONE Type: NPORT-P | Act: 40 | File No.: 811-03258 | Film No.: 21771544 AUSTIN TX 78746 AUSTIN TX 78746 (512) 306-7400 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document DFA INVESTMENT DIMENSIONS GROUP INC. FORM N-Q REPORT January 31, 2021 (UNAUDITED) Table of Contents DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES T.A. U.S. Core Equity 2 Portfolio Tax-Managed DFA International Value Portfolio T.A. World ex U.S. Core Equity Portfolio VA U.S. Targeted Value Portfolio VA U.S. Large Value Portfolio VA International Value Portfolio VA International Small Portfolio VA Short-Term Fixed Portfolio VA Global Bond Portfolio VIT Inflation-Protected Securities Portfolio VA Global Moderate Allocation Portfolio U.S. Large Cap Growth Portfolio U.S. Small Cap Growth Portfolio International Large Cap Growth Portfolio International Small Cap Growth Portfolio DFA Social Fixed Income Portfolio DFA Diversified Fixed Income Portfolio U.S. High Relative Profitability Portfolio International High Relative Profitability Portfolio VA Equity Allocation Portfolio DFA MN Municipal Bond Portfolio DFA California Municipal Real Return Portfolio DFA Global Core Plus Fixed Income Portfolio Emerging Markets Sustainability Core 1 Portfolio Emerging Markets Targeted Value Portfolio DFA Global Sustainability Fixed Income Portfolio DFA Oregon Municipal Bond Portfolio NOTES TO FINANCIAL STATEMENTS Organization Security Valuation Financial Instruments Federal Tax Cost Recently Issued Accounting Standards Other Subsequent Event Evaluations Table of Contents TABLE OF CONTENTS CONTINUED THE DFA INVESTMENT TRUST COMPANY SCHEDULES OF INVESTMENTS The U.S. -
Vendors Embrace Livestreaming Xiaomi Unveils Brands Adopt New Gadgets to Broadcasting for Their Product Promotion During Woo Customers
16 | Thursday, November 7, 2019 HONG KONG EDITION | CHINA DAILY BUSINESS Vendors embrace livestreaming Xiaomi unveils Brands adopt new gadgets to broadcasting for their product promotion during woo customers Nov 11 festival By MA SI presales phase [email protected] Xiaomi is trying to Xiaomi Corp’s intensified push By HE WEI in Shanghai for highperformance handsets roll out cuttingedge [email protected] will help it safeguard its presence handsets to regain in the Chinese smartphone mar It is again the time of the year to ket amid intensifying competition the market share it splurge on the Nov 11 shopping gala, from Huawei Technologies Co, lost to Huawei, the annual mecca when brands analysts said. unveil flashy ads and meticulous The comments came after Xiao especially as the discount plans to grab people’s eye mi unveiled its latest smartphone Chinese smartphone balls and wallets. model CC9 Pro featuring a 108 Eleven years into its existence, megapixel camera on Tuesday. At market continues to excitement for the buying spree may the same launch event, the compa see a decline in eventually begin to wear off. But to ny also unveiled its first Xiaomi keep consumers on an adrenaline A hostess promotes sales through interaction with customers online during an event organized by brand smart watch. shipments.” rush to shop, merchants and ecom Tmall in Shanghai on Oct 25. QIN TIAN / FOR CHINA DAILY “Xiaomi is trying to roll out cut Xiang Ligang, directorgeneral merce sites have crept into new ter tingedge handsets to regain the of the Information Consumption ritory by kicking their game up a market share it lost to Huawei, Alliance notch through livestreaming. -
Home Appliance Cautious Buy
Sector Research | China Home Appliance THIS IS THE TRANSLATION OF A REPORT ORIGINALLY PUBLISHED IN CHINESE BY GUOSEN SECURITIES CO., LTD ON SEPTEMBER 24, 2012 October 16, 2012 Home Appliance Cautious Buy Cherry pick home-appliance names amid the price corrections Investment highlights Analyst Wang Nianchun We expect home-appliance y-o-y sales volume growth to rebound moderately +755-82130407 in 4Q 2012. Based on our channel checks and data already released for Jul-Aug [email protected] S0980510120027 2012, 3Q sales volume of various sub-sectors was in line with expectations, and the profitability of the TV sub-sector slightly beat expectations. The subsidies for energy efficient home-appliance products introduced in June are unlikely to materially boost sales until three to six months after their launch. We expect the 4Q y-o-y sales Sales Contact volume growth of air conditioners, refrigerators, washing machines and LCD TVs will be 7.5%, 5.8%, 5.0% and 0.8% respectively, representing a modest rebound from the Roger Chiman Managing Director first three quarters. +852 2248 3598 [email protected] Divergence within the sector intensifies, and we suggest waiting for buying Chris Berney opportunities amid price pullbacks. The overall industry sentiment has been tepid Managing Director +852 2248 3568 since the beginning of 2012, but product-mix upgrade and lower material costs could lead [email protected] to an improvement in profitability this year. Based on our estimates, subsidy policies for Andrew Collier energy efficient home-appliance products will have more significant effects in 2013 than Director +852 2248 3528 this year. -
GENERAL PRESENTATION Raymond SU 1 CONTENTCONTENT
INVESTOR DAYS – 21-23 Nov, 2018 GENERAL PRESENTATION Raymond SU 1 CONTENTCONTENT 1. China macro-economics 2. SUPOR business overview 3. Product and market competition 4. Main levers 2 Sound macro-economic backdrop Average growth rate over 4 years GDP growth driven by domestic at 6.8% consumption GDP growth rate Consumption contribution to GDP growth 8.0% 100% 79% 80% 7.5% 67% 60% 59% 60% 7.0% 6.9% 6.9% 6.7% 6.7% 40% 6.5% 20% 6.0% 0% 2015 2016 2017 2018.1-9 2015 2016 2017 2018H1 Source: State Statistical Bureau 3 Consumption upgrade driven by strong structural fundamentals Fast-growing middle-class Stronger consumption-ability by young generation Household number: Consumption in city (million) (tril.USD) 100% 100% 90% 7% 90% 80% 80% 33% 43% 44% 70% 54% 70% 52% 60% 60% 50% 50% 40% 40% 30% 91% 30% 67% 54% 56% 20% 42% 20% 48% 10% 10% 0% 0% 2010 2016 2020E 2011 2016 2021 Mass class Middle Class Wealthy Class Old Generation Young Generation Monthly disposable Monthly disposable Monthly disposable Consumer age 35+ Consumer age 18 - 35 income: income: income: < 12 TCNY 12~26 TCNY > 26 TCNY Source: McKinsey research 2017 Source: BCG research 2017 4 Robust momentum in the cookware market RSP Mil. RMB 25000 2014-17 CAGR 7% 20000 19,459 18,102 16,862 16,035 15000 10000 5000 0 2014 2015 2016 2017 Source: GFK 2014-2017 5 Robust momentum in the small kitchen electric market RSP Mil. RMB 2014-17 CAGR 6% 60,000 55,876 52,134 48,773 50,000 46,652 40,000 30,000 20,000 10,000 - 2014 2015 2016 2017 Source: CMM 2014-2017 6 CONTENTCONTENT 1. -
1 1 China Petroleum & Chemical Corporation 1913182 70713
2011 Ranking 2010 Company Name Revenue (RMB, million) Net profit (RMB Million) Rankings (x,000,000) (x,000,000) 1 1 China Petroleum & Chemical Corporation 1913182 70713 2 2 China National Petroleum Corporation 1465415 139871 3 3 China Mobile Limited 485231 119640 China Mobile Revenue: 485,231,000,000 4 5 China Railway Group Limited 473663 7488 5 4 China Railway Construction Corporation Limited 470159 4246 6 6 China Life Insurance Co., Ltd. 388791 33626 7 7 Bank of China Ltd 380821 165156 8 9 China Construction Company Limited 370418 9237 9 8 China Construction Bank Corporation 323489 134844 10 17 Shanghai Automotive Group Co., Ltd. 313376 13698 11 . Agricultural Bank of China Co., Ltd. 290418 94873 12 10 China Bank 276817 104418 China Communications Construction Company 13 11 Limited 272734 9863 14 12 China Telecom Corporation Limited 219864 15759 China Telecom 15 13 China Metallurgical Co., Ltd. 206792 5321 16 15 Baoshan Iron & Steel Co., Ltd. 202413 12889 17 16 China Ping An Insurance (Group) Co., Ltd. 189439 17311 18 21 China National Offshore Oil Company Limited 183053 54410 19 14 China Unicom Co., Ltd. 176168 1228 China Unicom 20 19 China PICC 154307 5212 21 18 China Shenhua Energy Company Limited 152063 37187 22 20 Lenovo Group Limited 143252 1665 Lenovo 23 22 China Pacific Insurance (Group) Co., Ltd. 141662 8557 24 23 Minmetals Development Co., Ltd. 131466 385 25 24 Dongfeng Motor Group Co., Ltd. 122395 10981 26 29 Aluminum Corporation of China 120995 778 27 25 Hebei Iron and Steel Co., Ltd. 116919 1411 28 68 Great Wall Technology Co., Ltd. -
VANGUARD INTERNATIONAL EQUITY INDEX FUNDS Form N-Q
SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2018-09-28 | Period of Report: 2018-07-31 SEC Accession No. 0000932471-18-007167 (HTML Version on secdatabase.com) FILER VANGUARD INTERNATIONAL EQUITY INDEX FUNDS Mailing Address Business Address PO BOX 2600 PO BOX 2600 CIK:857489| IRS No.: 000000000 | State of Incorp.:DE | Fiscal Year End: 1031 V26 V26 Type: N-Q | Act: 40 | File No.: 811-05972 | Film No.: 181093806 VALLEY FORGE PA 19482 VALLEY FORGE PA 19482 6106691000 Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT COMPANY Investment Company Act file number: 811-05972 Name of Registrant: VANGUARD INTERNATIONAL EQUITY FUNDS Address of Registrant: P.O. Box 2600 Valley Forge, PA 19482 Name and address of agent for service: Anne E. Robinson, Esquire P.O. Box 876 Valley Forge, PA 19482 Date of fiscal year end: October 31 Date of reporting period: July 31, 2018 Item 1: Schedule of Investments Vanguard Pacific Stock Index Fund Schedule of Investments (unaudited) As of July 31, 2018 Market Value Shares ($000) Common Stocks (99.6%)1 Australia (16.6%) Commonwealth Bank of Australia 1,856,264 103,370 BHP Billiton Ltd. 3,386,626 88,447 Westpac Banking Corp. 3,610,167 79,036 CSL Ltd. 475,901 69,628 Australia & New Zealand Banking Group Ltd. -
Carbon and Certain Alloy Steel Wire Rod from the People's Republic of China
UNITED STATES DEPARTMENT OF COMMERCE lntor·national Tr·ade Administr·ation Wusl•ngron. DC. 20230 A-570-012 Investigation POI: 7/1/2013- 12/31/2013 Public Document AD/CVD/11: BCS/BJC August 29, 2014 MEMORANDUM TO: Paul Piquado Assistant Secretary for Enforcement and Compliance FROM: Gary Taverman ~ Associate Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations SUBJECT: Decision Memorandum for the Preliminary Determination of the Antidumping Duty Investigation of Carbon and Certain Alloy Steel Wire Rod from the People's Republic of China SUMMARY The Department of Commerce {Department) preliminarily determines that carbon and certain alloy steel wire rod (steel wire rod) from the People's Republic of China {PRC) is being, or is likely to be, sold in the United States at less than fair value {LTFV), as provided in section 733 of the Tariff Act of 1930, as amended (the Act). The estimated margins of sales at LTFV are shown in the "Preliminary Determination" section of the accompanying Federal Register notice. BACKGROUND On January 31,2014, the Department received an antidumping duty (AD) petition concerning imports of steel wire rod from the PRC filed in proper form by ArcelorMittal USA LLC, Charter Steel, Evraz Pueblo (formerly Evraz Rocky Mountain Steel), Gerdau Ameristeel US Inc., Keystone Consolidated Industries, Inc., and Nucor Corporation {collectively, the petitioners). 1 The Department initiated an AD investigation of steel wire rod from the PRC on February 20, 2014? In the Initiation Notice, the Department -
China: Retail Foods
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/28/2017 GAIN Report Number: GAIN0036 China - Peoples Republic of Retail Foods Increasing Change and Competition but Strong Growth Presents Plenty of Opportunities for U.S. Food Exports Approved By: Christopher Bielecki Prepared By: USDA China Staff Report Highlights: China remains one of the most dynamic retail markets in the world, and offers great opportunities for U.S. food exporters. Exporters should be aware of several new trends that are changing China’s retail landscape. Imported food consumption growth is shifting from China’s major coastal metropolitan areas (e.g., Shanghai; Beijing) to dozens of emerging market cities. China is also experimenting with new retail models, such as 24-hour unstaffed convenience stores and expanded mobile payment platforms. E-commerce sales continue to grow, but major e-commerce retailers are competing for shrinking numbers of new consumers. We caution U.S. exporters not to consider China as a single retail market. Over the past 10 years, the Chinese middle-class has grown larger and more diverse, and China has become a collection of 1 niche markets separated by geography, culture, cuisine, demographics, and commercial trends. Competition for these markets has become fierce. Shanghai and the surrounding region continues to lead national retail trends, however Beijing and Guangzhou are also important centers of retail innovation. Chengdu and Shenyang are two key cities leading China’s economic expansion into international trade and commerce. -
China's Expanding Overseas Coal Power Industry
Department of War Studies strategy paper 11 paper strategy China’s Expanding Overseas Coal Power Industry: New Strategic Opportunities, Commercial Risks, Climate Challenges and Geopolitical Implications Dr Frank Umbach & Dr Ka-ho Yu 2 China’s Expanding Overseas Coal Power Industry EUCERS Advisory Board Marco Arcelli Executive Vice President, Upstream Gas, Frederick Kempe President and CEO, Atlantic Council, Enel, Rome Washington, D.C., USA Professor Dr Hüseyin Bagci Department Chair of International Ilya Kochevrin Executive Director of Gazprom Export Ltd. Relations, Middle East Technical University Inonu Bulvari, Thierry de Montbrial Founder and President of the Institute Ankara Français des Relations Internationales (IFRI), Paris Andrew Bartlett Managing Director, Bartlett Energy Advisers Chris Mottershead Vice Principal, King’s College London Volker Beckers Chairman, Spenceram Limited Dr Pierre Noël Sultan Hassanal Bolkiah Senior Fellow for Professor Dr Marc Oliver Bettzüge Chair of Energy Economics, Economic and Energy Security, IISS Asia Department of Economics and Director of the Institute of Dr Ligia Noronha Director Resources, Regulation and Global Energy Economics (EWI), University of Cologne Security, TERI, New Delhi Professor Dr Iulian Chifu Advisor to the Romanian President Janusz Reiter Center for International Relations, Warsaw for Strategic Affairs, Security and Foreign Policy and President of the Center for Conflict Prevention and Early Professor Dr Karl Rose Senior Fellow Scenarios, World Warning, Bucharest Energy Council, Vienna/Londo Dr John Chipman Director International Institute for Professor Dr Burkhard Schwenker Chairman of the Strategic Studies (IISS), London Supervisory Board, Roland Berger Strategy Consultants GmbH, Hamburg Professor Dr Dieter Helm University of Oxford Professor Dr Karl Kaiser Director of the Program on Transatlantic Relations of the Weatherhead Center for International Affairs, Harvard Kennedy School, Cambridge, USA Media Partners Impressum Design © 2016 EUCERS.