DOCSLIB.ORG

Annual Report 2019 年 報 Our Mission 企業使命

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2019 年 報 Our Mission 企業使命 ANNUAL REPORT 2019 年 報 OUR MISSION 企業使命 It is our mission to focus on customer needs and pursue the 秉承以客為本及追求卓越之精神， spirit of excellence with quality products and services through 不斷透過研究、設計及創造價值，恪 our commitment to research, design and value creation. With 守不屈不撓、群策群力及具遠見之 vision, perseverance and teamwork, we strive to provide 經營理念，為客戶提供優質產品及 shareholders with the best return on their investment. 服務，並為股東帶來理想投資回報。 CORPORATE PROFILE 公司簡介 K. Wah International Holdings Limited (“KWIH” or “the Group”, stock 嘉華國際集團有限公司（「嘉華國際」或「集 code: 00173) is the listed property arm of K. Wah Group. With a strong 團」；股份代號：00173）為嘉華集團旗下之 foothold established in Hong Kong, KWIH has grown and prospered into a 房地產業務旗艦，創立並紮根於香港，至 leading integrated developer and investor of exquisite and niche projects, 今已發展成以香港、長三角及珠三角地區 with a strategic focus on Hong Kong, the Yangtze River Delta and Pearl 為策略據點之綜合發展商及投資者，所開 River Delta regions. 發之項目均以品精質優見稱。 Committed to delivering premium projects built to an uncompromising 嘉華國際擅長於開發精品物業，由旗下專 standard of quality, our portfolio of residential developments, Grade A 業團隊所拓展之項目涵蓋住宅、甲級商廈、 office towers, hotel, serviced apartments and retail complexes are truly 酒店、服務式公寓及特色商舖，物業皆匠 one-of-a-kind. Each of our properties boasts a perfect interplay of superb 心獨運，揉合特色設計、精湛技術、頂尖 design, delicate craftsmanship, top-notch facilities and innovative features, 設備及創新元素於一身，多年來物業質素 thanks to a team of seasoned professionals. That is also why we are 備受市場認同，建築及設計屢獲國際殊榮。 honoured with a host of international accolades, besides earning a reputed name for impeccable living. Cresleigh Property, the property management arm of the Group, delivers 集團旗下的嘉英物業以先進的管理理念和 exceptional hotel serviced property management services guided by 國際高端精品酒店的營運模式，為物業提 advanced and international standards in general to premium residential 供專業及優質的管理服務，其服務類型涵 buildings, commercial facilities, office towers and real estate complexes. 蓋主流及高端住宅、商業設施、寫字樓和 房地產綜合體。 Sharing the common vision of excellence and sustainability, we go beyond 集團以締造理想和諧的生活國度為發展宗 both in the projects we develop and the communities we help grow and 旨，因地制宜，不僅用心傳承「嘉華」的優質 cultivate. We have always been a trend-setter pioneering unique and 品牌內涵，更以臻善創新的意念打造別樹 sophisticated lifestyle, embracing customers’ needs and creating added 一幟的物業，塑造現代生活新標準，切合 value in the projects we undertake as a premier brand. 用家需要的同時，亦為物業注入長遠價值。 Taking pride in our track record and strong financial capability, guided 憑藉資深經驗及雄厚財政實力，嘉華國際 by the spirit of prudence and excellence, we will continue to adopt a 將繼續以審慎進取的策略，物色具潛力的 progressive strategy with a disciplined approach in land acquisition, 土地，竭誠為客戶打造優質的生活空間， in strive for setting ever higher standards of quality living spaces and 為股東帶來長遠而持續的回報。 delivering long term shareholder value. Company website CONTENTS 2 Hall of Achievement 53 Report of the Directors 4 Financial Calendar 64 Independent Auditor’s Report 5 Corporate Information 69 Consolidated Profit and Loss Statement 6 Five Years Summary 70 Consolidated Statement of Comprehensive Income 8 Statement from the Chairman 71 Consolidated Balance Sheet 11 Management Discussion and Analysis 73 Consolidated Cash Flow Statement 33 Investor Relations 74 Consolidated Statement of Changes in Equity 34 Corporate Social Responsibility 75 Notes to the Consolidated Financial Statements 37 Corporate Governance Report 139 The Group’s Significant Properties 49 Biographical Information of Directors WINDERMERE SHANGHAI Hall of Achievement K. Wah International Holdings Limited • 2018 annual report: “Top 100 Global Communications Materials” • BCI Asia Top 10 Developers 2019 • 2018 annual report: Honors Award — “Cover • 2019 Devoted Developer with Thoughtful Layout Photo/Design: Real Estate Integrated Design Award of Excellence Development & Investment” • Metro Awards For Brand Excellence 2018 • 2018 annual report: Bronze award — — • The 10th Hong Kong Outstanding Corporate “Residential Real Estate/General Integrated Citizenship Logo Presentation” — • The 8th Outstanding Corporate Social • 2018 annual report: Silver award “Real Estate — Responsibility Award Development Integrated Presentation” • Employer of Choice Award 2019 K. CITY, Hong Kong • Work-Life Balance Award • Five Stars Residency for the Year 2019 • Outstanding Corporate Governance Award 2018 • Quam IR Awards 2018 Solaria, Hong Kong • Certificate of Excellence 2019 — Investors • Best Development Marketing Hong Kong Relations • Best Residential High-rise Architecture Hong Kong • 2018 annual report: Silver Award — “Print: Annual Report” category • Best Residential High-rise Development Hong Kong 2 K. Wah International Holdings Limited K. SUMMIT, Hong Kong • World Travel Awards 2019: China’s Leading Serviced Apartment Brand 2019 • Best Residential Development for Innovative and Smart Community • M&C China: Best Serviced Apartment Brand Of The Year • Best Contemporary Hotel-style Clubhouse in Residential Development Palace Lane, Shanghai Stanford Residences Serviced Apartment • X-monster: Most Popular Check-in Spot 2019 • 2019 iDEAL Shanghai: iDEAL Serviced Apartment • 2019 Exquisite Lifestyle and Art District Brand • China Hotel Starlight Awards: Best Serviced Silver Cove, Dongguan Apartment Brand of China • The Greater Bay Area Metal Real Estate Brands • 2019 That’s Shanghai’s Lifestyle Awards: Serviced Awards 2019: Landmark Property of the Year Apartment of the Year (Pudong) — Stanford Residences (Jin Qiao) J Metropolis, Guangzhou • Timeout: Serviced Apartment of the Year • Guangzhou Property Management Model • Golden-Pillow Award of China Hotels: China’s Residential District 2019 Best Upsale Long Term Rental Apartment Brand Annual Report 2019 3 Financial Calendar DATES EVENTS 20 August 2019 Announcement of Interim Results for the six months ended 30 June 2019 21 October 2019 Payment of 2019 Interim Cash Dividend of 6 HK cents per share 24 March 2020 Announcement of Annual Results for the year ended 31 December 2019 29 May 2020 to 3 June 2020 Closure of Registers of Members for ascertaining (both dates inclusive) shareholders’ eligibility to attend and vote at the 2020 Annual General Meeting 3 June 2020 2020 Annual General Meeting 12 June 2020 to 17 June 2020 Closure of Registers of Members for ascertaining (both dates inclusive) shareholders’ entitlement to the 2019 Final Dividend 17 June 2020 Record Date for 2019 Final Dividend 17 July 2020 Payment of 2019 Final Cash Dividend of 14 HK cents per share 4 K. Wah International Holdings Limited Corporate Information CHAIRMAN & MANAGING DIRECTOR PRINCIPAL PLACE OF BUSINESS Dr. Lui Che-woo, GBM, MBE, JP, LLD, DSSc, DBA IN HONG KONG 29th Floor, K. Wah Centre EXECUTIVE DIRECTORS 191 Java Road Mr. Francis Lui Yiu Tung North Point, Hong Kong Ms. Paddy Tang Lui Wai Yu, BBS, JP Mr. Alexander Lui Yiu Wah PRINCIPAL BANKERS* Bank of China NON-EXECUTIVE DIRECTOR China Construction Bank, Asia Dr. Moses Cheng Mo Chi, GBM, GBS, OBE, JP DBS Bank Hang Seng Bank INDEPENDENT NON-EXECUTIVE DIRECTORS Hongkong and Shanghai Banking Corporation Dr. William Yip Shue Lam, LLD Oversea-Chinese Banking Corporation Mr. Au Man Chu Mr. Wong Kwai Lam LEGAL ADVISORS* Mr. Nip Yun Wing (appointed on 12 July 2019) Baker & McKenzie King & Wood Mallesons AUDIT COMMITTEE P.C. Woo & Co. Dr. William Yip Shue Lam, LLD (Chairman) Wilkinson & Grist Dr. Moses Cheng Mo Chi, GBM, GBS, OBE, JP Mr. Au Man Chu PRINCIPAL SHARE REGISTRAR AND Mr. Nip Yun Wing (appointed on 1 March 2020) TRANSFER OFFICE MUFG Fund Services (Bermuda) Limited REMUNERATION COMMITTEE 4th floor North Dr. William Yip Shue Lam, LLD (Chairman) Cedar House Dr. Lui Che-woo, GBM, MBE, JP, LLD, DSSc, DBA 41 Cedar Avenue Mr. Wong Kwai Lam Hamilton HM 12 Bermuda NOMINATION COMMITTEE Dr. Lui Che-woo, GBM, MBE, JP, LLD, DSSc, DBA (Chairman) HONG KONG BRANCH SHARE REGISTRAR Dr. William Yip Shue Lam, LLD AND TRANSFER OFFICE Mr. Wong Kwai Lam Computershare Hong Kong Investor Services Limited Shops 1712–1716 COMPANY SECRETARY 17th Floor, Hopewell Centre Ms. Cecilia Lee Wai Kwan 183 Queen’s Road East INDEPENDENT AUDITOR Wanchai, Hong Kong PricewaterhouseCoopers WEBSITE ADDRESS REGISTERED OFFICE http://www.kwih.com Victoria Place, 5th Floor SHARE LISTING 31 Victoria Street The Stock Exchange of Hong Kong Limited Hamilton HM 10 (“HK Stock Exchange”) Bermuda STOCK CODE HK Stock Exchange : 00173 Bloomberg : 173 HK Reuters : 0173.HK * Listed in alphabetical order Annual Report 2019 5 Five Years Summary CONSOLIDATED PROFIT AND LOSS STATEMENT 2015 2016 2017 2018 2019 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 Revenue 4,720,487 9,619,956 11,293,887 10,759,792 10,651,931 Profit before tax 2,815,345 5,071,846 6,735,327 5,538,504 5,299,400 Taxation charge (1,368,223) (1,845,715) (2,218,052) (1,361,800) (2,063,286) Profit for the year 1,447,122 3,226,131 4,517,275 4,176,704 3,236,114 Non-controlling interests (80,368) (44,135) (611,093) (130,314) (86,376) Profit attributable to equity holders of the Company 1,366,754 3,181,996 3,906,182 4,046,390 3,149,738 Earnings per share (HK cents) 48.1 107.6 128.2 129.5 100.8 Dividend per share (HK cents) 17.0 18.0 18.0 20.0 20.0 CONSOLIDATED BALANCE SHEET 2015 2016 2017 2018 2019 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 Non-current assets 8,446,513 8,831,175 13,181,711 14,738,109 15,660,220 Associated companies and joint ventures 1,347,748 2,255,043 8,344,364 7,542,438 12,807,230 Other non-current assets/ investments 4,059,194 5,668,480 10,772,942 8,661,605 9,914,230 Net current assets 23,270,988 19,880,535 24,532,041 26,118,563 20,441,897 Employment of capital 37,124,443 36,635,233 56,831,058 57,060,715 58,823,577 Financed by: Share capital 283,959 295,674 305,546 312,485 312,517 Reserves 21,541,214 25,064,023 34,697,102 35,328,008 38,573,520 Shareholders’ funds 21,825,173 25,359,697 35,002,648 35,640,493 38,886,037 Non-controlling interests 1,511,587 1,766,770 2,014,039 1,361,232 1,231,899 Long-term borrowings and guaranteed notes 12,124,823 7,932,834 17,667,263 17,609,943 16,171,810 Other non-current liabilities 1,662,860 1,575,932 2,147,108 2,449,047 2,533,831 Capital employed 37,124,443 36,635,233 56,831,058 57,060,715 58,823,577 Net assets value per share (HK$) 7.69 8.58 11.46 11.41 12.44 6 K.
Load more

Recommended publications
  • Jiangsu(PDF/288KB)
    Mizuho Bank China Business Promotion Division Jiangsu Province Overview Abbreviated Name Su Provincial Capital Nanjing Administrative 13 cities and 45 counties Divisions Secretary of the Luo Zhijun; Provincial Party Li Xueyong Committee; Mayor 2 Size 102,600 km Shandong Annual Mean 16.2°C Jiangsu Temperature Anhui Shanghai Annual Precipitation 861.9 mm Zhejiang Official Government www.jiangsu.gov.cn URL Note: Personnel information as of September 2014 [Economic Scale] Unit 2012 2013 National Share (%) Ranking Gross Domestic Product (GDP) 100 Million RMB 54,058 59,162 2 10.4 Per Capita GDP RMB 68,347 74,607 4 - Value-added Industrial Output (enterprises above a designated 100 Million RMB N.A. N.A. N.A. N.A. size) Agriculture, Forestry and Fishery 100 Million RMB 5,809 6,158 3 6.3 Output Total Investment in Fixed Assets 100 Million RMB 30,854 36,373 2 8.2 Fiscal Revenue 100 Million RMB 5,861 6,568 2 5.1 Fiscal Expenditure 100 Million RMB 7,028 7,798 2 5.6 Total Retail Sales of Consumer 100 Million RMB 18,331 20,797 3 8.7 Goods Foreign Currency Revenue from Million USD 6,300 2,380 10 4.6 Inbound Tourism Export Value Million USD 328,524 328,857 2 14.9 Import Value Million USD 219,438 221,987 4 11.4 Export Surplus Million USD 109,086 106,870 3 16.3 Total Import and Export Value Million USD 547,961 550,844 2 13.2 Foreign Direct Investment No. of contracts 4,156 3,453 N.A.
    [Show full text]
  • Identifying Critical Factors Influencing the Safety of Chinese
    This paper has been published: Zhang, S., Sunindijo, R.Y., Loosemore, M., Wang, S., Gu, Y. and Li, H. (2020), "Identifying critical factors influencing the safety of Chinese subway construction projects", Engineering, Construction and Architectural Management, https://doi.org/10.1108/ECAM-07-2020-0525. Identifying critical factors influencing the safety of Chinese subway construction projects Shang Zhang - Suzhou University of Science and Technology, Suzhou, China Riza Yosia Sunindijo - Faculty of Built Environment, UNSW Sydney, Sydney, Australia Martin Loosemore - School of the Built Environment, University of Technology Sydney, Sydney, Australia Shejiang Wang and Yajun Gu - Suzhou Rail Transit Group Co., Ltd, Suzhou, China Hongfei Li - China Railway 12th Bureau Group Co., Taiyuan, China Purpose - The image of the construction industry in China, as in many other countries, is tarnished by its poor safety record. With the rapid development of subway systems in Chinese urban areas, construction workers are being exposed to new risks which are poorly understood and managed. Subway construction projects are large scale and scattered over many construction sites, and involve numerous stakeholders and sophisticated technologies in challenging underground environments. Accident rates are high and have significant economic and social consequences for the firms and people involved. Addressing the gap in research about the safety risk in these projects, the purpose of this paper is to advance understanding of the factors influencing the safety of Chinese subway construction projects with the overall objective of reducing accident rates. Design/methodology/approach - A survey was conducted with 399 subway construction professionals across five stakeholder groups. Follow-up interviews were also conducted with five experienced experts in safety management on subway projects to validate the results.
    [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]
  • Modern Tram and Public Transit Integration in Chinese Cities A
    Modern Tram and Public Transit Integration in Chinese Cities A Case Study of Suzhou Discussion Paper No. 2017-xx Prepared for the Roundtable on [Integrated and Sustainable Urban Transport] (24-25 April 2017, Tokyo) Chia-Lin Chen Department of Urban Planning and Design, Xian Jiaotong-Liverpool University, Suzhou, China Disclaimer: This paper has been submitted by the author for discussion at an ITF Roundtable. Content and format have not been reviewed or edited by ITF and are the sole responsibility of the author. The paper is made available as a courtesy to Roundtable participants to foster discussion and scientific exchange. A revised version will be published in the ITF Discussion Papers series after the Roundtable. The International Transport Forum The International Transport Forum is an intergovernmental organisation with 57 member countries. It acts as a think tank for transport policy and organises the Annual Summit of transport ministers. ITF is the only global body that covers all transport modes. The ITF is politically autonomous and administratively integrated with the OECD. The ITF works for transport policies that improve peoples’ lives. Our mission is to foster a deeper understanding of the role of transport in economic growth, environmental sustainability and social inclusion and to raise the public profile of transport policy. The ITF organises global dialogue for better transport. We act as a platform for discussion and pre-negotiation of policy issues across all transport modes. We analyse trends, share knowledge and promote exchange among transport decision-makers and civil society. The ITF’s Annual Summit is the world’s largest gathering of transport ministers and the leading global platform for dialogue on transport policy.
    [Show full text]
  • 行业对外服务业务 Professional Services to External Entities Professional Services to External Entities 行业对外服务业务
    行业对外 服务业务 PROFESSIONAL SERVICES TO EXTERNAL ENTITIES 行业对外服务业务 PROFESSIONAL Services TO EXTERNAL ENTITIES PROFESSIONAL Services TO EXTERNAL ENTITIES 行业对外服务业务 地铁设计 设计院承接南京地铁两上盖物业项目 地铁监理 The Design & Research Institute undertook two upper METRO DESIGN cover property projects from Nanjing Metro Metro ENGINEERING SUPERVISION 2013年，广州地铁监理业务已拓展至全国16个城 In 2013, Guangzhou Metro supervision business was expanded to 16 市，年内成功新拓展西北兰州市场，业务结构调整初显 cities in China, successfully exploited the market in Lanzhou, northwest of China, and achieved the effect of business structure adjustment for the first 成效。全年实现产值5616万元，经营收入5298万元， time. The annual output value was 56.16 million Yuan and the operation in- 同比增加14.70%。 come 52.98 million with the year-on-year growth of 14.70%. 公司深入推行以项目预算为基础的项目核算，大力 The company further implemented the project business accounting 建设精细化、规范化标准项目监理部，广受业主好评。 based on project budget and vigorously established the project supervi- sion department in terms of sophisticated and standardized criteria, which 先后荣获广东省诚信示范企业、广东省守合同重信用企 received many praises from the owners. It was awarded many honorary ti- 业、先进工程监理企业、广东省十项工程劳动竞赛优胜 tles including “Guangdong Model Enterprise of Good Faith”, “Contract First, 单位等多项企业荣誉表彰。科研项目《复合地层盾构施 Credit First Enterprise of Guangdong Province”, “Advanced Enterprise for 工关键技术创新与实践》荣获广东省科学技术奖励二等 Project Supervision” and “Excellent Unit of Guangdong Ten Engineering La- bor Competition”. The scientific research project Key Technology Innovation 奖，《步履式盾构机侧移系统及侧移方法》、《步履式 and Practice on Shield Construction of Complex Strata was awarded the 2013年，广州地铁设计院积极响应广州新一轮线 地区梯式经营模式。全年中标总金额超过13亿元，新 盾构平移过站系统和方法》获得发明专利授权，成功申 Guangdong Science and Technology Reward (Second Class); Walking-frame 网建设要求，全力配合完成相关线路勘探、初步设计及 签合同超过10.22亿元，合同保有量达到 37.7亿元，实 报获得9项计算机软件著作权登记。 Shield Tunneling Machine Lateral Migration System and Method and Walk- 施工图设计，同时，加大与国内外优秀建筑设计企业的 现经营收入6.46亿元，实现利润8162万元。 ing-frame Shield Translation Station Transit System and Method obtained the 合作力度和民用项目人才引进力度，全力提升设计业务 设计院专利授权数量稳步增长，2013年共获得专 invention patent licensing.
    [Show full text]
  • 5G for Trains
    5G for Trains Bharat Bhatia Chair, ITU-R WP5D SWG on PPDR Chair, APT-AWG Task Group on PPDR President, ITU-APT foundation of India Head of International Spectrum, Motorola Solutions Inc. Slide 1 Operations • Train operations, monitoring and control GSM-R • Real-time telemetry • Fleet/track maintenance • Increasing track capacity • Unattended Train Operations • Mobile workforce applications • Sensors – big data analytics • Mass Rescue Operation • Supply chain Safety Customer services GSM-R • Remote diagnostics • Travel information • Remote control in case of • Advertisements emergency • Location based services • Passenger emergency • Infotainment - Multimedia communications Passenger information display • Platform-to-driver video • Personal multimedia • In-train CCTV surveillance - train-to- entertainment station/OCC video • In-train wi-fi – broadband • Security internet access • Video analytics What is GSM-R? GSM-R, Global System for Mobile Communications – Railway or GSM-Railway is an international wireless communications standard for railway communication and applications. A sub-system of European Rail Traffic Management System (ERTMS), it is used for communication between train and railway regulation control centres GSM-R is an adaptation of GSM to provide mission critical features for railway operation and can work at speeds up to 500 km/hour. It is based on EIRENE – MORANE specifications. (EUROPEAN INTEGRATED RAILWAY RADIO ENHANCED NETWORK and Mobile radio for Railway Networks in Europe) GSM-R Stanadardisation UIC the International
    [Show full text]
  • Quarterly Newsletter of GEF China Sustainable Cities Integrated Approach Pilot Project
    Quarterly Newsletter of GEF China Sustainable Cities Integrated Approach Pilot Project issue 8 June 2020 Project Progress (As of June 15, 2020) GEBJ-2: The evaluation for the technical proposal was completed on May 19, 2020. Ministry of Housing and Urban-Rural The bid opening for the financial proposal and Development of P.R.C. contract negotiation were held on June 11, 2020. The PMO intends to partially adjust the The contract of the National TOD Platform tasks in the TOR. A written request of specific was officially signed on April 20, 2020. The changes will be submitted to the World Bank Project Management Office (PMO) held the task team by the end of June 2020. kick-off meeting for the hired consultant to GEBJ-3: Request of Expression of present the inception report and work plans on Interest (REOI) was posted on April 28, May 29, 2020. The inception report and work 2020. The shortlist of qualified bidders was plans were reviewed by a panel of experts on evaluated on June 10, 2020. RFP is currently June 15. It will be finalized and submitted to under preparation and will be sent to the the World Bank task team by the end of June qualified bidders by the end of June 2020. 2020. Tianjin GETJ-1: The first draft for Task 5: The Contextualized TOD Guidebook and Toolkit for Tianjin was completed at the beginning of May 2020. The final draft will be completed at the end of June 2020. The disbursement of grant submitted to the World Bank task team after the evaluation for the final draft is completed.
    [Show full text]
  • Quarterly Report on GEF China Sustainable Cities Integrated Approach Pilot Project September, 2018 Project Progress
    Quarterly Report on GEF China Sustainable Cities Integrated Approach Pilot Project September, 2018 Project Progress ◼ Ministry of Housing and 1 ◼ Nanchang 2 ◼ World Bank 3 Urban-Rural Development The first project implementation of the People’s Republic of The project launch meeting for Nanchang was support workshop was held in World China (MOHURD) held in at Nanchang Municipal Government on Bank’s Beijing Office on June 13, 2018, May 16, 2018. Barjor E. Mehta (Lead Urban and Ms. Joanna Masic and Ms. Fang MOHURD submitted a technical assistance Specialist), Gerald Paul Ollivier (Lead Transport Wanli (the Project Task Team Leaders), report, funded by a GEF project Specialist), Fang Wanli (Urban Economist), Jia moderated the workshop. preparation grant, for the design of the Wenyu (Senior Urban Transport Specialist) and Representatives from MOHURD and the National TOD Platform on March 22, 2018. Yang Yi (Operations Analyst) from World Bank seven participating cities (of Beijing, The design of the National TOD Platform is joined the launch meeting. Zhang Xiaofei, Tianjin, Shijiazhuang, Nanchang, currently being further refined through Director of Nanchang Municipal Commission of Ningbo, Guiyang and Shenzhen) expert review. The work to develop and Development and Reform presented the project participated in the meeting. Gerald trial modules of the platform will begin by progress and future work arrangements on Ollivier, Lead Transport Specialist and end of 2018. behalf of Nanchang Project Management Office. Head of WB’s TOD Community of Practice joined the workshop to share the latest TOD resources and tools with the cities. During the workshop, the Project Implementation Progress M BJ TJ SJZ NB NC GY SZ template for project implementation progress reporting was issued.
    [Show full text]
  • Delivering Value with Distinctive Quality
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (Stock Code: 00173) Delivering Value with Distinctive Quality ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019 ANNUAL RESULTS HIGHLIGHTS The Board of Directors (“ Board ”) of K. Wah International Holdings Limited (“ Company ”) is pleased to announce the consolidated annual results of the Company and its subsidiaries (together the “Group ”) as follows: • Revenue of the Group was HK$10,652 million and taking into account joint ventures and associated companies, total attributable revenue of the Group was HK$11,714 million. • Underlying profit was HK$3,156 million (5% up) while profit attributable to equity holders of the Company was HK$3,150 million. • Earnings per share was 100.79 HK cents and the full year dividend per share (including final dividend per share of 14 HK cents) was 20 HK cents. • Attributable contracted sales of the Group amounted to approximately HK$9.8 billion for the year ended 31 December 2019. • As of 31 December 2019, attributable contracted sales of the Group yet to be recognised amounted to approximately HK$10.8 billion. • As of 31 December 2019, net asset value per share increased to HK$12.4. • The Group has acquired six pieces of residential/commercial land in Hong Kong and Mainland China on its own or via joint ventures.
    [Show full text]
  • The Experience of Air-Rail Transport in Airports at Home and Abroad And
    The Experience of Air-Rail Transport in Airports at Home and Abroad and Its Enlightenment to Guangzhou Ming Su a, *, Xiaojun Deng b Guangdong University of Foreign Studies South China Business College, Guangzhou 510545, China. a, * [email protected], b [email protected] Abstract. In recent years, high-speed rail transport and air transport have developed rapidly at home and abroad, and the competition between railway transport and air transport is becoming increasingly fierce, but there is also room for cooperation. Overseas Heathrow Airport, Skip Airport, Advances in Computer Science Research, volume 87 subway lines, leading to the city’s various stops, basically meeting the need for passengers to change. [3] Table 1. Comparison and analysis of main airports in foreign countries through urban air-to-rail transport The fastest time Air-to-rail Distance Airport to get to the Rail transit combined between airport name center of the configuration transport layout and downtown city mode Subway Piccadilly Line, Heathrow 24 kilometers 15 minutes Underpass type Heathrow airport express ICE high-speed rail,S- Run-in,Underpass Frankfurt 11 kilometers 10 minutes Bahn type Charles de TGV high-speed 23 kilometers 28 minutes Underpass type Gaulle rail,RER B line Skip 13 kilometers 15 minutes Dutch national railway Underpass type Narita Sky Access line, Tokyo cost 68 kilometers 47 minutes Underpass type Beijing cost line,JR line The North and South Hazfield- 14 kilometers 17 minutes Orbital Line in Underpass type Jackson MARTA system Source of data: Ou Yangjie. Analysis on the Planning and layout of Airport Rail Transit Line and its Application characteristics[J]Railway Transportation and Economy, 2010,(10):77-88.
    [Show full text]
  • 中國中鐵股份有限公司 China Railway Group Limited (A Joint Stock Limited Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 390)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國中鐵股份有限公司 CHINA RAILWAY GROUP LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 390) RESULTS ANNOUNCEMENT FOR THE YEAR OF 2018 The board of directors (the “Board” or “Board of Directors”) of China Railway Group Limited (the “Company” or “China Railway”) is pleased to announce the annual audited consolidated results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2018. 1 CORPORATE INFORMATION Basic Information Stock Name: China Railway (A Share) China Railway (H Share) Stock Code: 601390 390 Stock Exchange on which Shanghai Stock Exchange The Stock Exchange of Shares are Listed: Hong Kong Limited Registered Address: 918, Block 1, No. 128, South 4th Ring Road West, Fengtai District, Beijing, People’s Republic of China Postal Code: 100070 Website: www.crec.cn E-mail: [email protected] Contact Details Name: He Wen Address: Block A, China Railway Square, No. 69 Fuxing Road, Haidian District, Beijing, People’s Republic of China Postal Code: 100039 Telephone: 86-10-5187 8413 Facsimile: 86-10-5187 8417 E-mail: [email protected] 1 2 SUMMARY OF ACCOUNTING DATA 2.1 Key Accounting Data Prepared
    [Show full text]
  • 中國中鐵股份有限公司 CHINA RAILWAY GROUP LIMITED (A Joint Stock Limited Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 390)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國中鐵股份有限公司 CHINA RAILWAY GROUP LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 390) This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Please refer to the attached “Announcement of China Railway Group Limited on Winning of Bids for Material Projects” published by China Railway Group Limited on the Shanghai Stock Exchange website on 13 December 2018 for your information. By Order of the Board China Railway Group Limited LI Changjin Chairman 13 December 2018 As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman), ZHANG Zongyan, ZHOU Mengbo and ZHANG Xian; the independent nonexecutive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and CHUNG Shui Ming Timpson; and the non-executive director is MA Zonglin. A Shares Stock Name: China Railway A Shares Stock Code: 601390 Announcement No.: H Shares Stock Name: China Railway H Shares Stock Code: 00390 Lin 2018-098 Announcement of China Railway Group Limited on Winning of Bids for Material Projects The board of directors of China Railway Group Limited (the “Company”) and all the directors hereby undertake that this announcement does not have any false or misleading statements or any material omissions, and assume the joint and several liabilities for the truthfulness, accuracy and completeness of the contents.
    [Show full text]