DOCSLIB.ORG

2013 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2013 Annual Report 2013 Annual Report H Stock Code：00317 A Stock Code：600685 CONTENTS I. Interpretation and Notice of Material Risks 3 II. Overview of the Company 4 III. Summary of Accounting Data and Financial Indicators 8 IV. Report of the Board 10 V. Significant Events 26 VI. Information on Changes of Shareholdings and Shareholders 32 VII. Information on Directors, Supervisors, Senior Management and Employees 37 VIII. Corporate Governance 46 IX. Internal Control 57 X. Financial and Accounting Report 59 XI. Documents Available for Inspection 222 IMPORTANT NOTICE The Board of Directors (the “Board”), the Supervisory Committee, the Directors, the Supervisors and the senior management of Guangzhou Shipyard International Company Limited (the “Company” or “GSI”) declare that there are no false statements, misleading information or material omissions in this report. The directors, supervisors and senior management are jointly and severally responsible for the truthfulness, accuracy and completeness of the contents of this report. All directors of the Company attended the 26th meeting of the seventh session of the Board of Directors held on March 17, 2014, of which Ms. De Lihua, an independent non-executive director, and Mr. Yang Li, a non-executive director, attended the meeting through telephone, and Mr. Chen Zhongqian, a non-executive director, appointed Mr. Wang Jun, a non-executive director, Mr. Zhou Dusheng, an executive director, appointed Mr. Chen Liping, an executive director, Mr. Chen Ji, an executive director, appointed Mr. Han Guangde, an executive director, to attend and vote at the meeting. At the meeting, the 2013 annual report was unanimously approved. Mr. Han Guangde, Chairman of the Board, Mr. Chen Liping, Chief Accountant of the Company and Mr. Hou Zengquan, Head of Accounting Department of the Company, declare and confirm the truthfulness, accuracy and completeness of the financial reports included in this report. The annual report has been audited by Shinewing Certified Public Accountants (special general partnership), which has provided us with an audit report with unqualified opinions. The Audit Committee of the Company has reviewed and confirmed the annual financial reports for the year 2013 of the Company. The profit distribution proposal for 2013, as approved by the Board, is as follows: the net profit attributable to the parent company in 2013 was RMB126,008,994.80; after setting aside of 10% for statutory reserve, the accumulated undistributed profit is RMB2,367,213,921.15; the Board proposed that a cash dividend of RMB0.1 for every 10 shares (tax included) will be paid to all shareholders based on a total of 1,030,534,651 shares in the share capital of the Company following the non-public issue of H shares, representing a distribution of cash dividend of RMB10,305,346.51 (tax included) in total. The remaining undistributed profit will be carried forward to the next year. The implementation of this proposal is subject to the approval at the 2013 annual general meeting. The forward-looking statements regarding future plans and development strategies, etc. in the annual report shall not form the Company’s substantive commitment to investors. Investors shall pay attention to investment risks. The Company has no capital mis-appropriation by the controlling shareholder or its related parties, and has not provided any external guarantees that do not meet its decision-making procedures during the Reporting Period. This annual report is prepared in both English and Chinese versions. In the event of any discrepancies, the Chinese version shall prevail. Annual Report 2013 2 INTERPRETATION AND NOTICE OF MATERIAL RISKS (I) IN THIS REPORT, UNLESS THE CONTEXT REQUIRES OTHERWISE, THE FOLLOWING TERMS AND EXPRESSIONS SHALL HAVE THE FOLLOWING MEANINGS: DWT (deadweight tonnage) deadweight capacity with ton as unit Jiangsu Shenghua Jiangsu Shenghua Shipbuilding Company Limited Guangli Company Guangzhou Guangli Shipbuilding Human Resources Service Company Limited, a subsidiary of the Company CSSC China State Shipbuilding Corporation the Group the Company and its subsidiaries United Steel Guangzhou United Steel Structures Limited Longxue Shipbuilding Guangzhou CSSC Longxue Shipbuilding Co., Ltd. Baosteel International Baosteel Resources International Co., Ltd., an overseas subsidiary wholly-owned by Baosteel Group Corporation Limited China Shipping HK China Shipping (H.K.) Holdings Co., Ltd., an overseas subsidiary wholly-owned by China Shipping (Group) Company CSSC HK CSSC (Hong Kong) Shipping Company Limited, an overseas subsidiary wholly-owned by CSSC CSSC Finance CSSC Finance Company Limited, a non-banking financial institution wholly-owned by China State Shipbuilding Corporation FPSO floating production storage and offloading MR tanker 30,000 to 50,000 DWT oil tanker VLCC very large crude carrier VLOC very large ore carrier EEDI Energy Efficiency Design Index. Following the mandatory implementation of new coating performance standard by the International Maritime Organization, EEDI has once again become a focus of the shipbuilding industry Director(s) director(s) of the Company Board the board of directors of the Company Reporting Period the year ended December 31, 2013 (II) NOTICE OF MATERIAL RISKS Affected by global recession and excessive shipbuilding capacity, ship prices had decreased, while the cost of labor remained high. As a result, the Company’s profits declined, and the Company’s performance has been adversely affected. 3 Guangzhou Shipyard International Company Limited OVERVIEW OF THE COMPANY (I) GENERAL INFORMATION 1. Registered Chinese Name of the Company: 廣州廣船國際股份有限公司 Abbreviation of Chinese Name of the Company: 廣船國際 Registered English Name of the Company: Guangzhou Shipyard International Company Limited Abbreviation of English Name of the Company: GSI 2. Legal Representative of the Company: Han Guangde Secretary to the Board and Joint Company Secretary: Chen Liping Tel: (8620) 81891712 ext. 3155 E-mail: [email protected] Joint Company Secretary: Li Zhidong Tel: (8620) 81891712 ext. 2962 E-mail: [email protected] Authorized Securities Representative: Yu Wenbo Tel: (8620) 81891712 ext. 3168 E-mail: [email protected] 3. The Company’s Registered Address and Office: 40 South Fangcun Main Road, Liwan District, Guangzhou, the People’s Republic of China 4. Contact Address: 40 South Fangcun Main Road, Liwan District, Guangzhou, the People’s Republic of China Postal Code: 510382 Tel: (8620) 81891712 ext. 3168 Fax: (8620) 81891575 E-mail Address: [email protected] International Internet Website: www.chinagsi.com Annual Report 2013 4 OVERVIEW OF THE COMPANY 5. The Company’s Principal Place of Business in Hong Kong: 54/F, Hopewell Centre, 183 Queen’s Road East, Hong Kong 6. The Stock Exchanges on which the Company’s Shares are listed: A Shares: Shanghai Stock Exchange Stock Code: 600685; Abbreviated Name: Guangzhou Shipyard International H Shares: The Stock Exchange of Hong Kong Limited Stock Code: 00317; Abbreviated Name: Guangzhou Shipyard International 7. Auditors: Shinewing Certified Public Accountants (special general partnership) Office Address: F/8, Tower A, Fuhua Mansion, 8 North Chaoyangmen Street, Dongcheng District, Beijing Signing Accountants: Chen Gang, Chen Jingqi, Zhao Xueping 8. Legal Counsel in Mainland China: Guangdong Z&T Law Firm Office Address: 21/F, Yuehai Mansion, 472 East Huanshi Road, Guangzhou, the People’s Republic of China Legal Counsel in Hong Kong: Minter Ellison Lawyers Office Address: 25th Floor, One Pacific Place, 88 Queensway, Hong Kong 9. Share Registrars: Share Registrar for A Shares: China Securities Depository & Clearing Corporation Limited, Shanghai office Address: 3/F, China Assurance Tower, 166 East Lujiazui Road, Pudong New District, Shanghai, the People’s Republic of China Share Registrar for H Shares: Computershare Hong Kong Investor Services Limited, Address: 17/F, Hopewell Centre, 183 Queen’s Road East, Hong Kong, 10. Newspapers and Websites for Information Disclosure: Shanghai Securities News The website of Shanghai Stock Exchange (www.sse.com.cn) The website of The Stock Exchange of Hong Kong Limited (www.hkex.com.hk) The website of the Company (www.chinagsi.com) Place for Inspection of the Annual Report: Office of the Board 5 Guangzhou Shipyard International Company Limited OVERVIEW OF THE COMPANY 11. Registration Documents of the Company: Change of Registration during the Reporting Period: None Index for Inquiry about First Registration: Brief information on the Company in the Annual Report 2011 12. American Depositary Receipt (ADR) Custodian Bank: The Bank of New York Mellon (II) INTRODUCTION OF THE COMPANY Founded in 1993, the Company is an important shipbuilding enterprise in South China parented by CSSC. It is one of the top 50 manufacturing enterprises in Guangdong Province and the largest player in the handy-size tanker segment in China, a national enterprise of outstanding contribution to technical talent cultivation and a national hi-tech enterprise, and enjoys autonomy in export and import operations. The Company adheres to the quality policy of “Lean Management, Technological Innovation, Continuous Improvement, Sincerity and Mutual Benefit, Customer Satisfaction” and occupational health & safety policy of “Lawful Operation, Cherishing Life, Green Shipbuilding, Continuous Improvement” and has obtained ISO9001:2008, and GJB 9001A-2001 standard certification, Occupational Health & Safety Management System Certificate (OHSAS 18001:2007) and Environmental Management System
Load more

Recommended publications
  • Annual Meeting of the International Society of Electrochemistry I
    Program of the 60th Annual Meeting of the International Society of Electrochemistry i The 60th Annual Meeting of the International Society of Electrochemistry Emerging Trends and Challenges in Electrochemistry August 16 to 21, 2009 Beijing, China PROGRAM ETY O CI F E O L S E C L T A R O N C O I H T E E A M M N N I R S E T T R Y N I • ii Program of the 60th Annual Meeting of the International Society of Electrochemistry International Society of Electrochemistry Rue de Sébeillon 9b 1004 Lausanne Switzerland Copyright © 2009 All rights reserved. No part of this work may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the Publisher. No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of product liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Printed in China Program of the 60th Annual Meeting of the International Society of Electrochemistry iii Welcome Address On behalf of the organizing committee of the 60th Annual Meeting of the International Society of Electrochemistry, we warmly welcome you to Beijing and look forward to your participation in the meeting, from 16-21 August, 2009. The host city of Beijing is not only the capital city of China and its political, cultural, and scientific centre, but it is also one of the largest and most rapidly developing cities in the world.
    [Show full text]
  • Faurecia Invoice Chart for Indirect Purchasing Suppliers
    Smarter Procurement Together Faurecia Invoice Chart for Indirect Purchasing Suppliers Indirect Purchasing Supplier invoice chart: - Avoid administrative burden on invoice reception and processing Invoices efficiently processed and timely paid. byDigital Invoices Faurecia Indirect Purchasing (IdP) Invoice is faster verified Chart aims at clarifying the administrative rules that ensure a correct and smooth processing of invoices done on closed orders. Faurecia is developing worldwide Global Business Services to support Procure to Pay activity. Faurecia is also transforming its digital landscape particularly via Ariba implementation, that will cover all Procure to Pay activity from sourcing, until invoice integration and payment status. Hence, as a Faurecia supplier, you must comply with the requirements presented in this chart, to comply with Faurecia transformation targets and to optimize purchase order transmission and invoice integration and payment: The main intention of this chart is to avoid administrative burden and payment delays caused by an incorrect billing process or neglection of the basic Procure to Pay rules. Complying with Faurecia Invoice chart is a mandatory requirement that will in first place benefit to Faurecia suppliers Consequently, please consider all the pre-requisites and guidelines described in this present document. Shall you have any additional question, please do not hesitate to contact your corresponding Faurecia Supplier Account Manager or Account Payables departments usual contact points. 2 Invoicing mandatory rules: Noncompliance with below rules might cause punctual invoice processing issues and payment delays: 1. Paper invoices must be eliminated and usage of Ariba integration or XML-PDF invoices must be adopted instead: o Thanks to our Faurecia Ariba Network (refer to Appendix 1), Faurecia is now offering to its suppliers a totally integrated end-to-end invoice system.
    [Show full text]
  • Access Document
    BMJ Confidential: For Review Only Diagnostic accuracy of serological tests for COVID-19: a systematic review and meta-analysis Journal: BMJ Manuscript ID BMJ-2020-059052 Article Type: Research BMJ Journal: BMJ Date Submitted by the 30-May-2020 Author: Complete List of Authors: Bastos, Mayara; Research Institute of the McGill University Health Centre, Respiratory Epidemiology and Clinical Research Unit, Centre for Outcomes Research & Evaluation; Rio de Janeiro State University, Social Medicine Institute Tavaziva, Gamuchirai ; Research Institute of the McGill University Health Centre, Respiratory Epidemiology and Clinical Research Unit, Centre for Outcomes Research & Evaluation Abidi, Syed ; Research Institute of the McGill University Health Centre, Respiratory Epidemiology and Clinical Research Unit, Centre for Outcomes Research & Evaluation Campbell, Jonathon; McGill University Health Centre, Respiratory Epidemiology and Clinical Research Unit & Centre for Outcomes Research & Evaluation; McGill University, Departments of Epidemiology, Biostatistics & Occupational Health, and Medicine Haraoui, Louis-Patrick; University of Sherbrooke, 3- Department of Microbiology and Infectious Diseases, Faculty of Medicine and Health Sciences Johnston, James; Centre for Disease Control, Vancouver, British Columbia Lan, Zhiyi; Research Institute of the McGill University Health Centre, Respiratory Epidemiology and Clinical Research Unit, Centre for Outcomes Research & Evaluation Law, Stephanie; Harvard University, Department of Global Health & Social Medicine,
    [Show full text]
  • Electrochemical Energy Science and Technology
    International Academy of Electrochemical Energy Science (IAOEES) International Conference on Electrochemical Energy Science and Technology Hosted by Kunming University of Science and Technology (KUST) and International Academy of Electrochemical Energy Science (IAOEES); Co-organized by Yancheng Institute of Technology (YCIT) and Shanghai University (SHU, College of Sciences) Conference Chairs Advanced electrochemical materials (nanomaterials): ZHANG, Yingjie KUST, China Electrode/electrolyte materials synthesis, characterization and performance validation as well as fundamental understanding. SUN, Andy IAOEES & Western University of Ontario, (Xueliang) Canada Electrochemical energy industry: Electrochemical energy production materials, devices and systems, their engineering, Scope designs, manufacture, and fabrication, as well as related The International Conference on Electrochemical Energy Science theories, processes and applications. and Technology 2016 (EEST2016) is the third conference organized by the International Academy of Electrochemical Energy Conference Venue & Call-for-Papers Science (IAOEES). The technical program of EEST2016 will have The conference will be held at Kunming University of Science and plenary talks, invited speeches and poster presentations focusing Technology, located in beautiful Kunming, Yunnan, China. on electrochemical energy research, development and Call-for-Papers will be announced shortly. English is the official applications. This conference will be a venue for energy storage language of the conference.
    [Show full text]
  • Inheritance and Innovation in the Process of Artistic Creation in Major Kunqu Productions in the People‘S Republic of China, 2001-2015
    RETURN OF THE SOUL: INHERITANCE AND INNOVATION IN THE PROCESS OF ARTISTIC CREATION IN MAJOR KUNQU PRODUCTIONS IN THE PEOPLE‘S REPUBLIC OF CHINA, 2001-2015 A DISSERTATION SUBMITTED TO THE GRADUATE DIVISION OF THE UNIVERSITY OF HAWAI‗I AT MĀNOA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN THEATRE OCTOBER 2019 By Ming Yang Dissertation Committee: Elizabeth A. Wichmann-Walczak, Chairperson Julie A. Iezzi Kirstin A. Pauka Cathryn H. Clayton Kate A. Lingley Chin-Tang Lo, Ex-Officio Keywords: Kunqu, inheritance, innovation, literature, performance, production I © 2019, Ming Yang II ACKNOWLEDGEMENTS This dissertation would not have been possible without the support of individuals and institutions dedicated to the studies of Chinese theatre and Chinese culture. I wish to express my most sincere gratitude to the Kunqu and Xiqu artists and scholars who granted me interviews, shared with me their knowledge and experience, and offered their insights on this dissertation. I am grateful to the administrators at the Northern Kunqu Opera Theatre, the Shanghai Kunqu Troupe, the Kunju Theatre of the Jiangsu Performing Arts Group Co., LTD, and the Suzhou Kunju Troupe for allowing me to observe their rehearsals and performances and for their help in introducing me to artists on the creative teams of productions in this research. I would also like to acknowledge the following institutions for their financial support: the Asian Cultural Council and the Ah Kin (Buck) Yee Graduate Fellowship in Chinese Studies for their fellowships to help me initiate my study at the University of Hawai‗i at Mānoa; the John Young Scholarship in the Arts and the East-West Center Degree Fellowship for further supporting it; the UH-Beida (Peking/Beijing University) Exchange Program Award for the opportunity to conduct eleven months of field research in China; the East-West Center Field Research Fund for supporting the field research; and the Chun Ku and Soo Yong Huang Foundation Scholarship in Chinese Studies, the Faith C.
    [Show full text]
  • 2017 Annual Report * Bank of Tianjin Co., Ltd
    (A joint stock company incorporated in the People's Republic of China with limited liability) (Stock code: 1578) 2017 Annual Report * Bank of Tianjin Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong. BANK OF TIANJIN CO., LTD. 1 ANNUAL REPORT 2017 Contents Definitions 2 Company Profile 4 Summary of Accounting Data and Financial Indicators 6 Chairman’s Statement 10 President’s Statement 12 Management Discussion and Analysis 14 Changes in Share Capital and Information on Shareholders 60 Directors, Supervisors, Senior Management and Employees 64 Corporate Governance Report 83 Report of the Board of Directors 106 Report of the Board of Supervisors 118 Important Events 123 Risk Management and Internal Control 126 Independent Auditor’s Report 129 Financial Statements 135 Unaudited Supplementary Financial Information 253 List of Branches 257 Appendix I 270 Appendix II 280 2 BANK OF TIANJIN CO., LTD. ANNUAL REPORT 2017 Definitions In this annual report, unless the context otherwise requires, the following items shall have the meanings set out below: “Articles of Association” the articles of association of the Bank as may be amended, supplemented or otherwise modified from time to time “Bank”, “our Bank”, “we” or “us” Bank of Tianjin Co., Ltd. (天津銀行股份有限公司), a joint stock company incorporated on November 6, 1996 in Tianjin,
    [Show full text]
  • Dissertation: "The Transformation of Medieval Chinese Elites"
    THE TRANSFORMATION OF MEDIEVAL CHINESE ELITES (850-1000 C.E.) Nicolas Olivier Tackett Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Graduate School of Arts and Sciences COLUMBIA UNIVERSITY 2006 © 2006 Nicolas Olivier Tackett All Rights Reserved ABSTRACT The Transformation of Medieval Chinese Elites (850-1000 C.E.) Nicolas Olivier Tackett Scholars of medieval China agree that between the late Tang (618-907) and the early Song (960-1279), Chinese society underwent a remarkable cultural, social, political, and economic transformation. One of the most dramatic aspects of this “Tang-Song transition” was the upheaval in the composition of Chinese elites, marked by the complete disappearance of the great aristocratic clans that had once surpassed even the emperors in prestige. This dissertation examines the evolution of Chinese elites during the multi-decade political interregnum between Tang and Song—a period that is a virtual black hole in Chinese studies yet holds the key to understanding the changes that revolutionized Chinese society. One thousand tomb epitaphs and a similar number of dynastic history biographies form the basis of a biregional (Hebei vs. Huainan/Jiangnan) prosopographic study that explores the disappearance of the medieval aristocracy; the social and cultural impact of the endemic migration that accompanied the circulation of roving armies; and the relationships between different elite types (civil bureaucrats, military officers, merchants, non-officeholding landowners).
    [Show full text]
  • The University of Chicago Regulating Reputation In
    THE UNIVERSITY OF CHICAGO REGULATING REPUTATION IN CHINA: PRIVACY, FALSEHOODS, AND SOCIAL CREDIT A DISSERTATION SUBMITTED TO THE FACULTY OF THE LAW SCHOOL IN CANDIDACY FOR THE DEGREE OF DOCTOR OF JURISPRUDENCE BY XIN DAI CHICAGO, ILLINOIS JUNE 2018 Copyright © 2018 by Xin Dai, all rights reserved. For my family. Table of Contents List of Tables…………………………………………………………………………..v Acknowlegments……………………………………………………………………...vi Dissertation Overview…………………………………………………………………1 Chapter One: Privacy, Reputation, and Control: Public Figure Privacy Law in Twenty- First Century China…………………………...……………………………………….8 Chapter Two: Legal Regulation of Networked Falsehoods: A Comparative Perspective………………………………………………..………………………...105 Chapter Three: Toward a Reputation State: China’s Social Credit System Project………………………………………………………………………………210 iv List of Tables Table 1.1: Four Approaches to Regulating Public Figure Privacy, and Examples…...23 Table 1.2: China’s Status-Based Public Figure Privacy Regime……………………..61 Table 3.1: Four Paradigms of Government Strategies to Use Reputation…………..234 v ACKNOWLEDGMENTS Writing the acknowledgments section is widely recognized as the best part of writing a dissertation. To make sure the best of the best part is saved for the very last, let me say first that, with utmost sincerity, all errors are mine. Generally speaking, thanking people for contributing to one’s own written work can be a clever way to imply that others bear secondary liability for such work’s shortcomings. But that really is not what I mean with the below. With that caveat, I want to thank first Professor Tom Ginsburg and Professor Lior Strahilevitz for advising me on this dissertation project. Their own scholarship has in many ways inspired the entire project, and their always thoughtful and enlightening comments and suggestions have significantly shaped the agenda, structure, and presentation of the three articles included in these pages.
    [Show full text]
  • Faurecia Invoicing Fiscal Names and Address List
    Smarter Procurement Together Faurecia Invoicing Fiscal Names and Address list Faurecia Bill-to Fiscal name and address by ordering site + PDF ingestion email Pay attention: Names and addresses below are NOT the mail to postal boxes to which you can send your invoices (if processed in paper) The list of names and addresses below correspond to Faurecia Bill-to fiscal names and addresses under which your invoices must be established. We highly recommend using Ariba PDF invoice channel, invoices list csv upload, Ariba PO flip capabilities or PDF email ingestion process to send your invoices. Please consider the following points: - The Faurecia bill-to fiscal ID (country tax ID, VAT registration number) must be checked on FAURECIA Purchase Order - Strictly avoid using paper invoice submission through postal mail boxes - Consider your country specific regulation to process your invoices Faurecia Fiscal Name and address to receive the invoice Faurecia Invoice to be send to company Email for automatic code ingestion Legal entity fiscal name Country Fiscal Address 1 Fiscal Address 2 Address 3 Zip Code City State AR02 NOT YET ACTIVATED FAURECIA SISTEMAS DE ESCAPE ARGENTINA S.A. Argentina c/o Abeledo Gottheil Abogados Av Eduardo Madero 1020 5 ° piso 1106 Buenos Aires AR05 NOT YET ACTIVATED FAURECIA ARGENTINA S.A. Argentina c/o Abeledo Gottheil Abogados Av Eduardo Madero 1020 5 ° piso Buenos Aires AT01 [email protected] FAURECIA ANGELL-DEMMEL GmbH Austria Hofsteigstrasse 7 Werk II 6921 Kennelbach AUSFCXX NOT YET ACTIVATED Clarion Australia Pty. Ltd. Australia Unit 2 11-13 Lakewood Boulevarde Braeside 3195 Melbourne Victoria BE02 [email protected] FAURECIA INDUSTRIE N.V.
    [Show full text]