Details of Business Opportunities in Research & Development for Automotive, Engineering, Biomedical...
22
Snapshot and Details of Prospective Business opportunities in Medical / Automotive / Engineering / Hybrid Vehicles Sectors Prepared By– Raman Dhiman Management Trainee at Mahindra Satyam, Shanghai, P.R.China (Indian Institute of Management, Shillong, India) Email – [email protected] , [email protected] Important : All revenue figures are for FY 2011 unless stated otherwise
description
Here again I have treid to consolidate the infomration from offiicial Chinese documents to find out trend in Research & development spend of the companies. These investments are led by the Chinese Govt. focus on these particular sectors of economy. It can be of help someone to look for potential in offeing design support to chinese growth sectors. Many of the companies are trying to reap this potential by extending end to end design support in the subject growth segmnets as per 12th 5 year plan of China.
Transcript of Details of Business Opportunities in Research & Development for Automotive, Engineering, Biomedical...
Snapshot and Details of Prospective Business opportunities in Medical / Automotive / Engineering / Hybrid Vehicles Sectors
Prepared By– Raman Dhiman Management Trainee at Mahindra Satyam, Shanghai, P.R.China
(Indian Institute of Management, Shillong, India) Email – [email protected],
Important : All revenue figures are for FY 2011 unless stated otherwise
Snapshot of Expected Business Potential
with Automotive Companies in P.R. China
Automobile Sector
!"#$% $&'(#%)#*+(#,%'-&./ 0%*&1#2(3(.4( 256#!-(.7256#!-(.7#&8#
-(9:(.*&;(#%)#0%*&1#2(3(.4(
,%'-&./#$(<8
! "#$%=>"?#@A11A%.#B!6#&"'()*+,-,%'./012,#11(03,4+/')5C
>D=#EA11A%.#B!6#########################&"'()*+,-,%'./012,#11(03,
4+/')56D"FGH
7 8++32F"F?I#@A11A%.#B!6###
&95:*'.;.0)<+5=0506D?"?F#EA11A%.#B!6#,,,,,,,,,,,,,,,,,,,,,,,,,,
&>1,7?!?,-,#11(03,4+/')56 G"J=H@55/A;;BBB:C++32:*'.;D)01=E;>15+)105>'103;1+BE;>15+)105>'103F1+BE
G H'1C9+1CKD"GJK#@A11A%.#B!6,,,&"'()*+,-,%'./012,#11(03,4+/')56
??F#EA11A%.#B!6#################&"'()*+,-,%'./012,#11(03,
4+/')56K"=GH
I %@+)2,$15+)105>'103F"F#@A11A%.#B!6,,,,,,,,,,,,,>1,7??J,&K',=050,0L>030D3+,9'),7?!!6
KGG#EA11A%.#B!6#######################&M0E+=,'1,NO,9>C()+,.+15>'1+=,'1,$15+)1+56,PPK'5,L+)>9>+=
IH,,,,,,,,,,,,,,,,,,,,,,,&"'()*+,-,$15+)1+56
Q M)>33>01*+D"GK?#@A11A%.#B!6###&"'()*+,-,%'./012,#11(03,4+/')56
G"DFJ#EA11A%.#B!6#####################&"'()*+,-,%'./012,#11(03,
4+/')56
R
S09+>,T'5'),%'./012,U5=:,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,&,V@'332,'B1+=,E(DE>=>0)2,(1=+),%@>10,%@01CW01,#(5'.'D>3+,8)'(/6
N %@010,;,%@01C01
X Y#V,8)'(/JD">#@A11A%.#B!6###&Y)'.,$15+)1+56
K"L#@A11A%.#B!6#################################9'),K+Z5,Y>L+,2+0)E,5>33,7?!R
K',#11(03,)+/')5,>E,0L0>30D3+,'1,K+5
@55/A;;BBB:90B:*'.;*'150*5(E7:[E/,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,@55/A;;BBB:C3'D035>.+E:*1;0(5'E;0(5'-*@>10;>1=(E5)2;7?!!-?!;QGGXIR:@5.3
J M+>[>1C,#(5' FK"DLL#@A11A%.#B!6#&Y)'.,$15+)1+56
M+>[>1C,#(5',011'(1*+=,5',E/+1=,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,J"LF#@A11A%.#B!6###############################,
>1,4\H,9'),1+Z5,G,2+0)E,&>1,7??J6
K',#11(03,)+/')5,>E,0L0>30D3+,'1,K+5
@55/A;;BBB:*@>10D0B:*1;0D'(5D0B;*'150*5(E:0E/Z
!? 8(01C]@'(,#(5'D"IJ=#@A11A%.#B!6#######&"'()*+,-,%'./012,#11(03,4+/')56
KF"LI#EA11A%.#B!6############################&"'()*+,-,%'./012,#11(03,
4+/')56D"FGH
!! M^H I"L#@A11A%.#B!6###,,,,&%'./012,V+DE>5+6
KKG#EA11A%.#B!6#######################&"'()*+,-,%'./012,#11(03,
4+/')56K"LGH
J"K?K#@A11A%.#B!6###&"'()*+,-,%'./012,
#11(03,4+/')56,,&?:?GR,M>33>'1,_"H,9)'.,S09+>6
DD"L?#EA11A%.#B!6#&"'()*+,-,%'./012,#11(03,4+/')56,,,,,,,,,,,,,,,,,
M(5,5@+,*'./012,@0E,03E',E@'B1,#(5'.'D>3+,H+L+3'/.+15,
`Z/+1=>5()+,'9,RX:7,T>33>'1,_"H:
Details Automotive Companies in P.R.China
Automobile Sector
!"#$% $&'(#%)#*+(#,%'-&./ 01#2&3*(.(3 4553(66 ,%.*&7*#8(*&9:6# ;&<#$%" =%*&:#>(?(.@( >A8#!-(.5>A8#!-(.5#&6#-(37(.*&B(#%)#=%*&:#>(?(.@(
,%'-&./#$(C6
! "#$% &'()(*+,-.(+/0120(34256("1278120(9:::,!
99:!!--- 99:!!;;;DE"F#G9::9%.#H!8#<"4=>?/(@(%4AB27C(#77=2D(3/B4>EI
EJD#K9::9%.#H!8###<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
J"LMN
9 &//DCG2H(2?I=0>/5(*4DJ4(%2>H
K4L-;(M027C278(34256"12781206NL3L%1072(9::OOO
-P@9!@Q9P.(QPPP(((((((((((((((((((((((((((((((((2=E4/RBS8//DCL?4A
-P@9!@Q9P.(Q;;!(!((((((-P@9!@Q9P.(Q;;9
L"LFO#G9::9%.#H!8###<TEL?4AUA2>V/E52E2F
JF"FL#K9::9%.#H!8#(((((((((((((((((((<07(9:!:(@(#77=2D(
3/B4>EFM"PDN
1EEBWUUXXXL8//DCL?4AUY>275HU07E/>72E0472DU7/XHU07E/>72E0472DZ7/XH
O [478T/78N"#6(K0HH276(G4752
+=127(G=Y/0(%10726(,O::!Q
K# K#QJ"MPQ#G9::9%.#H!8(((<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
FFL#K9::9%.#H!8#################<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
Q"DMN
, %1/>C($7E/>72E0472D K# G/T/0 1/DB5/?VSAC?1/>CL?4AL"L#G9::9%.#H!8(((((((((((((07(9::.(<K4(52E2(2J02D2YD/(T4>(9:!!F
QMM#K9::9%.#H!8#######################<\2H/5(47(;](T08=>/(
A/7E047/5(47($7E/>7/EF(^^K4E(J/>0T0/5
ON((((((((((((((((<"4=>?/(@($7E/>7/EF
Q \>0DD027?/ \'+6(_4C4E2
G/25(`TT0?/(@("=0E/H(!P:9@:Q6(%12E/>(G4=H/6(-(%4772=81E(3425(%/7E>2D6(G478(a478
<-Q9F(9Q9O(;99;(?Y2SY>0DD027?/2=E4L?4A
<-Q9F(9Q9P(-,;9
J"MQF#G9::9%.#H!8###<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
M"JLP#K9::9%.#H!8#<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
P
G2T/0('4E4>(%4AB27C(bE5L((((((((((((((((((((((((((((((((((((((<(+14DDC(4X7/5(H=YH0502>C(=75/>(%1072(%1278c27(#=E4A4Y0D/(&>4=BF
"=d=V0
K4L(!(6("4=E1(e1/78C0(34256G2B078(e47/6f?474A0?()(_/?174D480?2D([/J/D4BA/7E([0HEL6G2>Y076%1072N4HE(?45/W(!Q::P:
::-P@:,Q!@-PQ-.!O:"::-P@:,Q!@-PQ-;-QQ((XXXL12T/02=E4L?4AL?7((((/RB4>E12T/0SC2144L?4AL?7
-P@:,Q!@-PQ-;-99
; %1272(U(%127827g4>56('2d526("=d=V0
%1478I0786(\/0h0786(i0278H=6(G/Y/06(e1/h0278(275(i0278R0(
'>L(N/0B/0(e124(<d124BBS?127827L?4AL?7(F(4>('HL(_027E027(_278(<E278EES?127827L?4AL?7FL
- g#+(&>4=B*+6(_4C4E26('2d526(&'
K4LO:9Q6([478T/78("E>//E(%1278?1=76(NL3L%1072N4HE(%45/(!O::!!
fI=0BA/7E(N=>?12H078(@(j-P@,O!@-Q;OP!:,((((((((((((((((((((((((((((((((((((((h078C=271=0Z0/?ST2XL?4AL?7
j-P@,O!@-;P!,;-:
PJ"E#G9::9%.#H!8###<g>4A($7E/>7/EF
Q"R#G9::9%.#H!8##############T4>(K/RE(g0J/(C/2>H(E0DD(
9:!P
K4(#77=2D(>/B4>E(0H(2J20D2YD/(47(
K/E
1EEBWUUXXXLT2XL?4AU?47E2?E=H9LhHB(((((((((((((((((((((((((((((((((((1EEBWUUXXXL8D4Y2DE0A/HL?7U2=E4HU2=E4@?1072U075=HE>CU9:!!@:!UQOO-,PL1EAD
. \/0h078(#=E4GC=75206([20AD/>(%1>CHD/>
K4L(Q!(&=278I=(f2HE(3425(%124C278([0HE>0?E(\/0h078(
j-P!:-;;,9-!;(U(-;;,,!,:j-P!:-;;,9-!;
LQ"JRR#G9::9%.#H!8#<g>4A($7E/>7/EF
\/0h078(#=E4(2774=7?/5(E4(HB/75((((((((((((((((((((((((((
P"RL#G9::9%.#H!8###############(07(3)[(T4>(7/RE(O(C/2>H(
<07(9::.F
K4(#77=2D(>/B4>E(0H(2J20D2YD/(47(
K/E
1EEBWUUXXXL?1072Y2XL?7U2Y4=EY2XU?47E2?E=HL2HBR
!: &=278d14=(#=E4G47526(_4C4E26($H=d=
9O6!Q(g(%1/78(k=/(\=0D50786(6K4L,,-@,Q-([478(g/78(e1478(34256(&=278d14=(Q!::O:(
-P@9:@-O!Q!O-:"-O!Q!!,!(((8208S8208L?4AL?7
-P@9:@-O!Q:O9O(
J"OPD#G9::9%.#H!8#######<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
QL"RO#K9::9%.#H!8####<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
J"LMN
!! \k[ K#
G/25(`TT0?/(@(K4LO::.6(\k[(34256(N078H1276("1/7d1/76(Q!-!!-6(NL3L%1072
j-P@;[email protected]@;QQ@-,9:9999
O"R#G9::9%.#H!8###((((<%4AB27C(+/YH0E/F
QQM#K9::9%.#H!8###<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF
Q"RMN
P"QFQ#G9::9%.#H!8###<"4=>?/(@(%4AB27C(#77=2D(3/B4>EF((
<:L:OP(\0DD047(l"[(T>4A(G2T/0F
JJ"RF#K9::9%.#H!8#<"4=>?/(@(%4AB27C(
#77=2D(3/B4>EF((((((((\=E(E1/(?4AB27C(12H(2DH4(H14X7(#=E4A4Y0D/(
[/J/D4BA/7E(fRB/750E=>/(4T(P-L9(
'0DD047(l"[L
Snapshot of Expected Business Potential
with Biomedical / Healthcare Companies in P.R.China
Biomedical & Health Care Sector
!"#$% $&'(#%)#*+(#,%'-&./ 0%*&1#2(3(.4( 256#!-(.7256#!-(.7#&8#-(9:(.*&;(#%)#
0%*&1#2(3(.4(,%'-&./#$(<8
=(>?>.;#@&.7%.;#A(7>:&1#BC4>-'(.*#,%"#D*7!"#$%&"'())*+"(,"-./01("2*,%34'*,"5(1+%16"7*+0'()"8930:;*1<".%!="><+-?
@@"A1"B*C43(4D"EFGE="</*"'%;:(1D"1(;*"&(,"%HH0'0())D"'/(16*+"H4%;"IJ*0K016"5(1+%16"7*+0'()"8930:;*1<".%!="><+!L"<%"I./01("2*,%34'*,"5(1+%16"7*+0'()"8930:;*1<".%!="><+L
E$(48%)*#6>;>*&1#A(7>:&1#!/8*('8#,%"#D*7"#!/8*('8#,%"#D*7"###################################################################2*60,<*4*+"$(;*"%H"</*".%;:(1D"M" 集 股份有限公司?""""""""""""""""""""""""""""""""""""""""""""/<<:NOO&&&!1*3,%H<!'%;"#P<%'Q"'%+*"M"RFFSGT?
U=SUG=EVW=XXF"27J"""""""""""""""""""""""""""""""""""""""""""""""""""#EFE#A>11>%.#G!6?"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""
@@"P%34'*"M"BY"EFGG"Z113()"P<(<*;*1<
EF"E#A>11>%.#G!6"#0H"GF[?"
FHI#A>11>%.#G!6#0H"GU[?
FJKFL#M##P%34'*"M".%;:(1D"5*C,0<*?
J.\"$(;*,"$*3,%H<"(,"]1*"%H"UF"./01*,*"\)%C()"./())*16*4,""""""""""""""""""""""""""""""$*3,%H<"J*'%;*,"</*"B04,<"^.77">*_*)"U".*4<0H0*+"./01*,*".%;:(1D
X N+>1>-8#O(&1*+#,&9(
FJIP#A>11>%.#G!6##TVF"70))0%1"834%,"@@"VF["%H"<%<()"P()*,"%1"
^/0)0:,"(4*"01"`*()</".(4*"01"./01(!"VF"["B0634*"C(,*+"%1"\)%C()"+0,<40C3<0%1"%H"`*()</".(4*"_0,MaM
_0,"%</*4":4%+3'<,!
IQ"R#A>11>%.#G!6I#M#
#P%34'*"M"Z113()"2*:%4<"EFGG?GWFU"70))0%1"834%,"#A1+0("b"./01("b"23,,0(":3<"<%6*</*4?
V
O&.;#@(>#S(.(9&1#B1(:*9>:#A(7>:&1#!/8*('8#,%"#D*7"#\8"`(16&*0"7*+0'()"PD,<*;,".%!="><+"01"J*0K016?\8"`*()</'(4*"()4*(+D"/(,"</4**"2cd"'*1<*4,="%1*"*('/"01"P/(16/(0="J*0K016"(1+"53e0!@@"\8"2cd"./01("f*'/1%)%6D".*1<*4"P/(16/(0="./01(
T9"UJJL#K#RJJ#A>11>%.#G!6""""""""""""""""""""""""""""""""""""""""""#V["%H"<%<()"\8g,"\)%C)("`*()</".(4*"2*_*13*"%H"GSFFF"70))0%1?!"J3<"(,":*4"Z113()"2*:%4<"%H"\8"%1"EFGG"M"`*()</".(4*"\)%C()"2*_*13*,"(4*"
GTFFF"70))0%1"hPd!"7%4*"%4")*,,",(;*"(,"EFFU
SB#N1&.8#*%#V.3(8*#HUJ#A>11>%.#>.#,+>.&#>.#UJFU#W&11#N4*#
*%;(*+(9X########################################LP#A>11>%.#G!6#>.#O(&1*+:&9(#
#01"Y4"EFFU?
I#M#"""#P%34'*"M"
/<<:NOO&&&!'/01(+(0)D!'%;!'1O'1+DOEFGGM
GEOEGO'%1<*1<iGVEWRXWS!/<;?
\*1*4()"8)*'<40'"\4%3:g,":)(1"<%"01_*,<"jE"C0))0%1"D3(1"01"./01("CD"EFGE"<%"*e:(1+"011%_(<0_*"'(:('0<D"(1+",*<"3:"K%01<"_*1<34*,"&0</"./01*,*":(4<1*4,
U A>.79&/IIJ#A>11>%.#G!6#""""""""""""""""""""""""""""""""""""""""""""""""""""
#P%34'*"/<<:NOO04!;01+4(D!'%;?II#A>11>%.#G!6
Y884'(#FJM##################################"#(,"01+3,<4D"(_*4(6*?
R !>('(.8#O(&1*+:&9(XEF"70))0%1"hPd"#@@f%<()"2*_*13*,"H4%;"./01("
]:*4(<0%1,"R!XW"J0))0%1"hPd!"\)%C())D"
\)%C())D"P0*;*1,"`*()</".(4*"A1_*,<*+"XWEU"70))0%1"834%,"01"
2cd"0!*!"U!E"["%H"f%<()"2*_*13*"#P%34'*"M"Z113()"
2*:%4<"EFGG?
FF#M###################################################%H"2*_*13*,"#P%34'*"M"
/<<:NOO&&&!'/01(+(0)D!'%;!'1OC3,01*,,OEFGGM
FSOGWO'%1<*1<iGEWXXFER!/<;?
P0*;*1,"`*()</'(4*"/(,"01_*,<*+"%_*4"27J"RFF";0))0%1"01"0<,"2cd"(1+:4%+3'<0%1"H('0)0<0*,"H%4"0;(6016"*930:;*1<"01"</*"P0*;*1,"A1<*41(<0%1()"7*+0'()"^(4Q"01"P/(16/(0="</*"P0*;*1,"kM2(D"l('33;"f*'/1%)%6D"><+!"01"53e0"(1+"P0*;*1,"P/*1m/*1"7(61*<0'"2*,%1(1'*"><+!""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""
S!+&.7%.;#Z>[%#!+&.#A(7>:&1#6(3>:(8#,%"#D*7"#/<<:NOO&&&!,/(1'/3(1!'%;O01+*e!(,:?
W!E"J0))0%1"Y*1FFL#A>11>%.#G!6
FF"L#A>11>%.#G!6Y884'(#FJM"""""""""""""""""""""""""""""""""""
#(,"01+3,<4D"(_*4(6*?
T\>&.;84#O%.;=&%#/<<:NOO&&&!/%16C(%!'%;?
EF#A>11>%.#G!6#>.#UJJP E"F#A>11>%.#G!6Y884'(#FJM"""""""""""""""""""""""""""""""""""
#(,"01+3,<4D"(_*4(6*?
W ]A2]$#W6&1>X#,%"#D*7" FJI#A>11>%.#G!6#>.#UJJP FJ"I#A>11>%.#G!6Y884'(#FJM"""""""""""""""""""""""""""""""""""
#(,"01+3,<4D"(_*4(6*?
n0(16,3"]HH0'*"M"$%!"VW"P%3</"o/%16,/(1"2%(+="$(1K016"P/(16;(%".*1<34D"^)(m(="GR</"B)%%4=".T"J)%'Q
GF 2(^*%.#W!4_+%4X#O(&9>.;#!/8*('8#N*(#D*7 QJ#A>11>%.#G!6#>.#UJJP Q#A>11>%.#G!6Y884'(#FJM"""""""""""""""""""""""""""""""""""
#(,"01+3,<4D"(_*4(6*?
GG SB#AB6V,YD#!T!0BA!#,OV$Y#,]"`#D06" PI#A>11>%.#>.#UJJP P"I#A>11>%.#G!6Y884'(#FJM"""""""""""""""""""""""""""""""""""
#(,"01+3,<4D"(_*4(6*?
GE O%.;=&.;#B1(:*9%.>:#W!+(._+(.X#,%"#D*7 PF#A>11>%.#G!6#>.#UJJP P"F#A>11>%.#G!6Y884'(#FJM"""""""""""""""""""""""""""""""""""
#(,"01+3,<4D"(_*4(6*?
GX S$#2(!%4.7#,+>.&#,%"#D*7 LR#A>11>%.#G!6#>.#UJJP L"R#A>11>%.#G!6Y884'(#FJM"""""""""""""""""""""""""""""""""""
#(,"01+3,<4D"(_*4(6*?
7*+0'()"d*_0'*,"8e/0C0<0%1"M"n31*"UMS"EFGX="P/(16/(0"5%4)+"8e:%"f/*;*"^(_0)0%1
LIH#A>11>%.#G!6#""""""""""""""""""""""""""""""""""""""""""""""""""""@@$*&"Y%4Q"P<%'Q"8e'/(16*"B01(1'0()"P<(<*;*1<
LI"H#A>11>%.#G!6FJM#
#P%34'*"M".%;:(1D"5*C,0<*?
78dA.Z"EFGE""M".2"5(1+%16"&0))"(<<*1+"78dA.Z"EFGE"01"$%_!GVM$%_!GS"2P$Z"EFGE"M".2"5(1+%16"&0))"(<<*1+"2P$Z"EFGE"01"$%_!EUMXF"</0,"D*(4!"
./01(p,"<%<()"(113()"+(&1*+:&9(#(^-(.7>*49("&(,"(::4%e0;(<*)D#G!aHLL#[>11>%.#>.#UJFF
./01(q,"FU*+#b>3(KT(&9#N1&.N"-V'-9%3(#*+(#[&8>:#+(&1*+:&9(#8/8*('-"a"C30)+"O"3:64(+*"E=FFF"'%31<D")*_*)"/%,:0<(),"M"O4;(#N%*(.*>&1#>.#*+>8#8(:*%9#74(#*%#S%3*"#84--%9*#>.#FU*+#L#T(&9#N1&."
./01("(^-%9*(7#FL"R#=>11>%.#G!6"%H"7*+0'()"8930:;*1<,"01"EFGG="(1"01'4*(,*"%H"GS!XR":*4'*1<"D*(4"%1"D*(4!"A&9c(*#*%#;9%<#*%#PP"I#=>11>%.#G!6#[/#UJFQ"SB#O(&1*+:&9("*,<(C)0,/*+"0<,"011%_(<0%1"'*1<*4"01"./*16+3"01"Y-9>1#UJFUd#&#aLJJ#'>11>%.#>.3(8*'(.*#&/0'/",*4_*,"1%<"%1)D"0<,"'3,<%;*4,"01",%3</&*,<*41="1%4</&*,<*41"(1+"'*1<4()"./01(="C3<"(),%"0<,"hP"(1+"6)%C()"1*<&%4Q!
G
Details Biomedical / Healthcare Companies in P.R.China
Biomedical & Health Care Sector
!"#$% $&'(#%)#*+(#,%'-&./ 01%234*5#0%1*)%67% 8221(55 ,%.*&4*#9(*&765# :&;#$%" <%*&6#=(>(.3( =?9#!-(.2
=?9#!-(.2#&5#
-(14(.*&@(#%)#
<%*&6#
=(>(.3(
,%'-&./#$(A5
B(7C7.@#D&.2%.@#E(274&6#FG37-'(.*#,%"#H*2!"#$%&"'())*+"(,"-./01("2*,%34'*,"5(1+%16"7*+0'()"8930:;*1<".%!="><+-?
@*)*:/%1*A"BCD"EF"CGHI"HIJKLJMLJHLJD"
@*'/!"N*4O0'*"'*1<*4"P",*4O0'*Q&(1+%16!'%;!'1R+;010,<4(<0%1"+*:<"P""(+;01Q&(1+%16!'%;!'12S"+*:<!"%T"UP4(V"P""4+Q&(1+%16!'%;!'101,<Q&(1+%16!'%;!'1W7"XTT0'*"P""%TT0'*Q&(1+%16!'%;!'1
72YZ01('0()"+*:<!"P""T01(1'*Q&(1+%16!'%;!'17(13T('<34016"+*:<!"P"Y1<*41(<0%1()"+*:<!"P"01<*41(<0%1()Q&(1+%16!'%;!'1[2"+*:<!"P"/4Q&(1+%16!'%;!'1
5SP\R.N"N]N@87 N()*,"+*:<!"P",()*,Q&(1+%16!'%;!'1
7(4^*<016"+*:<!"P";(4^*<Q&(1+%16!'%;!'1
>%60,<0'"+*:<!"P"")%60,<0',Q&(1+%16!'%;!'1
72Y"+0O0,0%1"P";40Q&(1+%16!'%;!'1
__"Y1"Z*`43(4V"KFEK="</*"'%;:(1V"1(;*"&(,"%TT0'0())V"'/(16*+"T4%;"ab*0c016"5(1+%16"7*+0'()"8930:;*1<".%!="><+!d"<%"a./01("2*,%34'*,"5(1+%16"7*+0'()"8930:;*1<".%!="><+d
K
$(35%)*#97@7*&6#E(274&6#!/5*('5#,%"#H*2"#!/5*('5#
,%"#H*2"##################################################################
#2*60,<*4*+"$(;*"%T"</*".%;:(1V"P"
集 股份有限公司?""""""""""""""""""""""""""""""""""""""""""""/<<:ALL&&&!1*3,%T<!'%;"#N<%'^"'%+*"P"DFFIEC?
P".%;:3<*+"@%;%64(:/VP"7(61*<0'"2*,%1(1'*"Y;(6016P"U"2(VP"e)<4(,%31+P"2(+0%</*4(:VP"\%,0<4%1"8;0,,0%1"@%;%64(:/VP".%;:3<*4"Y1<*))06*1<"R,,0,<(1<",*40*,
$%!ED"N/0c0"2%(+="[311(1"$*&"S0,<40'<=N/*1V(16./01(
S(1"f/(16BCD"KG"CMDD"HDECg/(16P+(1Q1*3,%T<!'%;
BCD"KG"KMIC"KIJI
H=IHE=KGJ=MMF"27b"""""""""#IJI#E7667%.#K!9?"""""""""""__"N%34'*"P"Z]"KFEE"R113()"N<(<*;*1<
IJ"I#E7667%.#
K!9"#0T"EFh?"
JLM#E7667%.#
K!9
#0T"EHh?
JNOJP#Q#
#N%34'*"P".%;:(1V"5*`,0<*?
b.W"$(;*,"$*3,%T<"(,"X1*"%T"HF"./01*,*"W)%`()"./())*16*4,""""""""""""""""""""""""""""""$*3,%T<"b*'%;*,"</*"Z04,<"\.77">*O*)"H".*4<0T0*+"./01*,*".%;:(1V
M 0+767-5#R(&6*+#,&1(
R))"^01+,"%T"\4%+3'<,!"/<<:ALL&&&!/*()</'(4*!:/0)0:,!'%;L;(01L:4%+3'<,L01+*i!&:+
N3g/%3"01+3,<40()"\(4^="\/0)0:,"[*()</'(4*"#N3g/%3?".%!="><+"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""\/0)0:,"Y11%O(<0%1".(;:3,"N/(16/(0"$%!"E"b30)+016$%!EF=">(1*"CCC"@0(1)01"2%(+="701"[(16"S0,<40'<"N/(16/(0\!2!.!"KFFKMM"./01(
BCDPKEPKGEE"HCCC
JNMS#E7667%.#
K!9#
#CGF"70))0%1"834%,"__"GFh"%T"<%<()"N()*,"%1"\/0)0:,"(4*"01"[*()</".(4*"01"./01(!"GF"h"
Z0634*"`(,*+"%1"W)%`()"
+0,<40`3<0%1"%T"[*()</".(4*"O0,PjP
O0,"%</*4":4%+3'<,!
MT"U#E7667%.#
K!9
M#Q#
#N%34'*"P"R113()"2*:%4<"
KFEE?
EJFH"70))0%1"834%,"#Y1+0("B"./01("B"23,,0(":3<"<%6*</*4?
./01(k,"<%<()"(113()"+(&6*+4&1(#(;-(.27*31("&(,"(::4%i0;(<*)V#K!VLPP#W7667%.#7.#XNJJ
./01(l,"JX*+#:7>(OY(&1#06&.A"-Z'-1%>(#*+(#W&574#+(&6*+4&1(#5/5*('-"j"`30)+"L"3:64(+*"K=FFF"'%31<V")*O*)"/%,:0<(),"P"R3@(#0%*(.*7&6#7.#*+75#5(4*%1#23(#*%#[%>*"#53--%1*#7.#JX*+#P#Y(&1#06&."
./01("(;-%1*(2#JP"U#B7667%.#K!9"%T"7*+0'()"8930:;*1<,"01"KFEE="(1"01'4*(,*"%T"EI!MD":*4'*1<"V*(4"%1"V*(4!"E&1\(*#*%#@1%A#*%#SS"M#B7667%.#K!9#W/#XNJT"
[F#R(&6*+4&1("*,<(`)0,/*+"0<,"011%O(<0%1"'*1<*4"01"./*16+3"01"8-176#XNJX]#&#VPNN#'7667%.#7.>(5*'(.*#&/0'/",*4O*,"1%<"%1)V"0<,"'3,<%;*4,"01",%3</&*,<*41="1%4</&*,<*41"(1+"'*1<4()"./01(="`3<"(),%"0<,"eN"(1+"6)%`()"1*<&%4^!
E
7*+0'()"S*O0'*,"8i/0`0<0%1"P"m31*"HPI"KFEM="N/(16/(0"5%4)+"8i:%"@/*;*"\(O0)0%1
BCD"EF"CGHI"HIJG
PML#E7667%.#K!9#""""""__$*&"]%4^"
N<%'^"8i'/(16*"Z01(1'0()"N<(<*;*1<
PM"L#E7667%.#
K!9
JNQ#
#N%34'*"P".%;:(1V"5*`,0<*?
b40*T".%;:(1V"Y1<4%"P"./01("2*,%34'*,"5(1+%16"7*+0'()"8930:;*1<".%!="><+!"#%40601())V"b*0c016"5(1+%16"7*+0'()"8930:;*1<".%!="><+!?"0,"(",3`,0+0(4V"'%;:(1V"%T".2"[%)+016,"#Z%4<31*"HFF?!"R,"("N<(<*P%&1*+".%;:(1V="./01("2*,%34'*,"5(1+%16"7*+0'()"8930:;*1<".%!="><+!"#.2"5(1+%16"T%4"N/%4<?"&(,"*,<(`)0,/*+"01"EJHH="(1+")0,<*+"%1"</*"N/(16/(0"N<%'^"8i'/(16*"01"EJJI="&0</"/*(+93(4<*4"01"</*"'*1<4()"`3,01*,,"+0,<40'<"01"b*0c016="/(,"`4(1'/*,"(1+"(6*1'0*,"01";%4*"</(1"KF"'0<0*,"%T"\!2!"./01("(1+"%&1*+"("&0+*",()*,"(1+",*4O0'*"1*<&%4^"01"(`%3<"IF"'%31<40*,"())"%O*4"</*"&%4)+!"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""".2"5(1+%16"&/0'/"%''3:0*,";%4*"</(1"EFF=FFF",93(4*";*<*4,"/(,"(";%+*41";(13T('<34*"'*1<4*"(1+"2nS"'*1<*4!"50</";%4*"</(1"JFF"*;:)%V**,=".2"5R$SX$W"/(,"</*":4%+3'<0%1"(`0)0<V"%T";%4*"</(1"D=FFF"310<,"UP4(V"*930:;*1<,"(113())V!"
b30)+016"M="$%!"J="m03i0(190(%+%16"2%(+="./(%V(16"S0,<40'<="b*0c016"EFFFEH="\!"2!"./01(
2(+0%)%6'0()"Y;(6016"8930:;*1<"P""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""P""R160%64(:/0'"n".(4+0('"NV,<*;P!S04*'<"4(+0%64(:/VP
!"#$% $&'(#%)#*+(#,%'-&./ 01%234*5#0%1*)%67% 8221(55 ,%.*&4*#9(*&765# :&;#$%" <%*&6#=(>(.3( =?9#!-(.2
=?9#!-(.2#&5#-(14(.*&@(#%)#
<%*&6#=(>(.3(
,%'-&./#$(A5
!
B&.@#C(7#D(.(1&6#E6(4*174#F(274&6#!/5*('5#,%"#G*2""#$%&'()*+,%-+.,/'0%1234+53%6789%:4.%,(%;+,<,()=">44?@AA***8B'?/7((+/48/75A/75?'(,+3A,(.+C8/D5ADE3+'/4,7(A/75?'(,+3F.+4',0A+G+)(E5AHIJK!!L8>450=#$%&+'04>/'G+%'0G+'.2%>'3%4>G++%MNO%/+(4+G39%7(+%+'/>%,(%1>'()>',9%;+,<,()%'(.%PEC,8QQ%#$%MNO%6>,('%R+/>(707)2%6+(4+G%1>'()>',9%6>,('
S%;+'5%0,5,4,()%.+T,/+%S%/700,5'47GS%-')(+4,/%G+37('(/+%),')(734,/%.+T,/+S%M'.,7)G'?>,/%/'33+44+%>70.+GS%14'4,7('G2%CSG'2%3234+5S%U5')+S,(4+(3,D,+.%D0E7G73/7?,/%CSG'2%3234+53S%-7V,0+%CSG'2%3234+53S%6R%3234+53S%-')(+4,/%G+37('(/+%,5'),()%3234+53S%WSG'2%/700,5'47G%/7(+S%WSG'2%4'V0+
;$UXUY#%$6ZY8NR$6&8O$[8\ZY$
ME7],'(%:,E^ISJ_SL^_I^H!KGE7],'(8U,E`5+.8)+8/75
^ISJ_SIa^_KbIa
H1"IJJK#L#MJJ#F7667%.#N!9%"!c%7D%474'0%#$d3%#07V0'%&+'04>%
6'G+%M+T+(E+%7D%Ja___%-,00,7(=8%;E4%'3%?+G%
e((E'0%M+?7G4%7D%#$%7(%b_JJ%S%&+'04>%6'G+%
#07V'0%M+T+(E+3%'G+%J^___%-,00,7(%f1O8%-7G+%7G%0+33%3'5+%'3%b__L
DE#06&.5#*%#O.>(5*#PIJ#F7667%.#7.#
,+7..#IJQI#R&66#03*#
*%@(*+(1S########################################KT#F7667%.#N!9#7.#
B(&6*+4&1(#",(%gG%b__L=
U#V#%%%"17EG/+%S%
>44?@AA***8/>,('.',028/758/(A/(.2Ab_J
JSJbAbJA/7(4+(4FJ!bHIKHa8>
45=
#+(+G'0%$0+/4G,/%#G7E?d3%?0'(%47%,(T+34%hb%V,00,7(%2E'(%,(%6>,('%V2%b_Jb%47%+C?'(.%,((7T'4,T+%/'?'/,42%'(.%3+4%E?%<7,(4%T+(4EG+3%*,4>%6>,(+3+%?'G4(+G3
L F7.21&/
S%i'4,+(4%-7(,47G,()%N%:,D+%3E??7G4%?G7.E/43%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%S%U(S[,4G7%O,')(734,/%iG7.E/43%%%%%%%%%%%%%%%%%%%%%%%%%%%%%S%-+.,/'0%U5')+G2%1234+53%%%%%%%%%%%%%%%%%%%%%%%%%S%[+4+G,('G2
-,(.G'2%;E,0.,()9%j+<,%Jb4>%M7'.%17E4>9%&,)>S4+/>%U(.E34G,'0%i'Gk9%Y'(3>'(9%1>+(B>+(%LJ^_La9%i8%M8%6>,('8
l^I%"aLL=%^J^^^HH^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,(40S5'Gk+4`5,(.G'28/75%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%3+GT,/+`5,(.G'28/75
l^I%"aLL=%bIL^bL__9%bIL^bL_J9%bIL^bI^_
UUJ#F7667%.#N!9#%%%%"17EG/+%S%
>44?@AA,G85,(.G'28/75A?>7+(,C8B>450m/nb_KJIaN
?n,G70S(+*3eG4,/0+NUOnJI!L^bbN>,)>0,)>4n'((E'0cb_G+
?7G4=
UU#F7667%.#N!9
8553'(#QJV%"'3%,(.E34G2%'T+G')+=
I !7('(.5#B(&6*+4&1(
S%6RS%-MS%W%M'2S%f04G'37E(.S%&+'G,()%U(34GE5+(43S%U(%S%[,4G7%O,')(734,/%$]E,?5+(4
1>'()>',%U(4+G('4,7('0%-+.,/'0%\7(+%"1U-\=81>+(B>+(%>,)>S4+/>%,(.E34G,'0%?'Gk%S%1,+5+(3%1>+(B>+(%-')(+4,/%M+37('(/+%:4.8%"11-M=
-G8%OE'(%P+,9%oG+.%S%67G?7G'4+%6755E(,/'4,7(3%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"l^I%J_=%I!aI%KJ_b%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*+,8.E'(`3,+5+(38/75
"l^I%J_=%I!aI%!Hbb
Kb_%-,00,7(%f1O%"QQR74'0%
M+T+(E+3%DG75%6>,('%
Z?+G'4,7(3%I8KH%;,00,7(%f1O8%#07V'002%
#07V'002%1,+5+(3%
&+'04>%6'G+%U(T+34+.%KHbL%-,00,7(%$EG73%,(%MNO%,8+8%
L8b%c%7D%R74'0%M+T+(E+%"17EG/+%S%e((E'0%
M+?7G4%b_JJ=
QQ#V#7D%M+T+(E+3%"17EG/+%S%
>44?@AA***8/>,('.',028/758/(AVE3,(+33A
b_JJS_aAJHA/7(4+(4FJbHKK_bI8>
45=
1,+5+(3%&+'04>/'G+%>'3%,(T+34+.%7T+G%M-;%I__%5,00,7(%,(%,43%MNO%'(.?G7.E/4,7(%D'/,0,4,+3%D7G%,5'),()%+]E,?5+(4%,(%4>+%1,+5+(3%U(4+G('4,7('0%-+.,/'0%i'Gk%,(%1>'()>',9%4>+%1,+5+(3%WSM'2%['/EE5%R+/>(707)2%:4.8%,(%PEC,%'(.%1,+5+(3%1>+(B>+(%-')(+4,/%M+37('(/+%:4.8%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%>44?@AA*J83,+5+(38/758/(A+(A'V7E4FE3A7EGFVE3,(+33+3A5+.,/'08'3?
!"#$% $&'(#%)#*+(#,%'-&./ 01%234*5#0%1*)%67% 8221(55 ,%.*&4*#9(*&765# :&;#$%" <%*&6#=(>(.3( =?9#!-(.2
=?9#!-(.2#&5#-(14(.*&@(#%)#
<%*&6#=(>(.3(
,%'-&./#$(A5
!!+&.2%.@#B7C%#!+&.#D(274&6#9(>74(5#,%"#E*2""#$$%&''((()*#+,-#.+,)-/0'1,234)+*%5
678,9.*1/,7:3$67;<+,*9.*1/,7:3$67:=<1,>37:3$67:-+?%7@31,7:3$67A<1,37B+>67@+>1,+7:%3-.?.067C@D7E?/F3*
G22<3**&7H/)IIJ7*#+,-#.+,7</+2J7K1-#.+,721*$<1-$J7K1L/7-1$=J7*#+,2/,>7%</F1,-3J7-#1,+)MNNOPP
IQ6NRR6N!NPMMID4?S%.L?1-)KL%$$)*2)-,IQ6NRR6QMMPQ!!K/,>$+/OOO!S=+#//)-/0)-,K#.41+/?1,POMPS#/$0+1?)-/0"#$$%&''((()*#+,-#.+,)-/0'D#+,,3?)+*%TD#+,,3?8UVM5
NRR6N!NRIRWNRR6N!NRIRW
W)M7B1??1/,7X3,FGGH#D7667%.#
I!9J
GG"H#D7667%.#I!9
8553'(#GKL7"+*71,2.*$<=7+F3<+>35
IM7&.@53#N%.@O&%"#$$%&''((()#/,>L+/)-/05
B+*1-7*.<>1-+?73Y.1%03,$
U+41,7;/(,J7Z#+,>[1+>+,>7D1$=J7\1+,>*.7C</F1,-3J7MONQRQ
NOM6NI!ONPPIJ7NI!ONPOIJ7NI!QPOIRY%[1+,>S#/,>L+/)-/0
IQ76NOM6NI!OMWMR
PG#D7667%.#I!9#7.#QKKR
P"G#D7667%.#I!9
8553'(#GKL7"+*71,2.*$<=7+F3<+>35
W SD=S$#F9&67J#,%"#E*2"
767]?3-$</,1-7*%#=>0/0+,/03$3<767B?//27>?.-/*3703$3<767^321-+?70/?3-.?+<7*13F37/4=>3,7>3,3<+$/<767_31>#$7L/2=79+$703+*.<303,$767D+?/<137-/.,$7`7C32/03$3<767]?3-$</,1-7$#3<0/03$3<767^+**+>37C1??/(767:-+?3*767H3L.?1K3<7"1,#+?3<5767a/(79<3Y.3,-=7$#3<+%3.$1-7+%%+<+$.*
:#+,>#+17B<+,-#6B.1?21,>J7MR<27b?//<J7H/)7QQQ7b.K#/.7c/+2J7:#+,>#+17\1,?1,>7d+141,
:#+,>#+17B<+,-#67PMO76QRWO!NN!#3+?$#?193S/0</,#3+?$#-+<3)-/0)-,\1+,>*.7e991-3767PMN76IQIWRWfP"#$$%&''((()/0</,#3+?$#-+<3)-/0)-,'D/,$+-$61,2346?1*$)#$0?5
PMO76QRWO!PMIPMN76IQIWRWfM
GKT#D7667%.#I!9#7.#QKKR
GK"T#D7667%.#I!9
8553'(#GKL7"+*71,2.*$<=7+F3<+>35
\1+,>*.7e991-3767H/)7fW7:/.$#7Z#/,>*#+,7c/+2J7H+,[1,>7:#+,>0+/7D3,$.<=7C?+K+J7OQ$#7b?//<J7DI7B?/-g
OP =(;*%.#F!3U+%3J#N(&17.@#!/5*('5#0*(#E*2
U1>1$+?7#3+<1,>7+12*77777767e,=467:$<3+067C1-/678,*1$367D/L+?$67E3067B<12>367U+=67G<3,+67G--3**/<13*hh7G??7$#37+L/F3703,$1/,327+<37#3+<1,>7+127$=%3*7%</F12327L=7$#37-/0%,+=
c34$/,7":.K#/.57d3+<1,>7:=*$30*7C$37a$27:.7;/,>7c/+27D#1,+6:1,>+%/<37:.K#/.78,2.*$<1+?7C+<g7:.K#/.J7\1+,>:.7C</F1,-3
^<)7b.7\1+,7;/,>7IQ7NOM7!QORMPO*3<F1-3S*1303,*6#3+<1,>)-/0)-,
IQ7NOM7!QONOfW
VK#D7667%.#I!9#7.#QKKR
V#D7667%.#I!98553'(#GKL7"+*71,2.*$<=7+F3<+>35
C</2.-$1/,J7*+?3*J721*$<1L.$1/,7+,2*3<F1-1,>7/97#3+<1,>7+12*7(1$#7<3?+$32*/9$(+<37+,27-/0%/,3,$*J7#3+<67+,2*%33-#6$<+1,1,>71,*$<.03,$*7+,2+.21/?/>1-+?703+*.<303,$73Y.1%03,$
!"#$% $&'(#%)#*+(#,%'-&./ 01%234*5#0%1*)%67% 8221(55 ,%.*&4*#9(*&765# :&;#$%" <%*&6#=(>(.3( =?9#!-(.2
=?9#!-(.2#&5#-(14(.*&@(#%)#
<%*&6#=(>(.3(
,%'-&./#$(A5
!! BC#DC9E,8F#!G!<CD!#,HE$8#,I"J#F<9"
"#$%&'#(%&%)'*'+"#,-./&%0*-1#23*+.0%&-1#4+.&0561'+"#,-./&%0*-1#23*+.0%6&5#(70*')0"#,%883'+#23*+.0%6&5#(70*')0"#963*-8.+.)'*'+#:-*.3#(-/&0#9%&-*%+
;<=#!>#?@A;BCDA;B#E<A,##;A4D<;AF#@D"4G?@#,G:=#H<;G#I2JDK#CDA;B(2#LE<:D;?G
KL#D7667%.#7.#MNNK
K"L#D7667%.#O!9
8553'(#PNQ#M.0#-&560*+7#.N'+./'O
!P H%.@R&.@#C6(4*1%.74#S!+(.T+(.U#,%"#F*2
"#G3'1*+%&-1#08Q7/)%).&%)'*'+"#G3'1*+%&-1#*')8'+.*6+'#1%&*+%33'+"#G3'1*+%&-1#Q'.3*Q#1.+'#8+%561*"#G3'1*+%&-1#*Q'+)%)'*'+
;%=#R>SK#,.3.&/#(=#E5=K#F%&/Q6.#4%T&K#$.%U.&K#(Q'&VQ'&K#B6.&/5%&/K#?Q-&.#W!X!Y>
9+=#F-&ZX["SWW"PX!PYW[X#
KP#D7667%.#O!9#7.#MNNK
K"P#D7667%.#O!9
8553'(#PNQ#M.0#-&560*+7#.N'+./'O
!\ B$#=(!%3.2#,+7.&#,%"#F*2,-/-*.3#.&5#&%&"5-/-*.3#Q'.+-&/#.-50
B;#E'(%6&5#A0-.#R]K#$3%1^#BK#E'5#4%T&#WSY#@6.-Q.-#E%.5MI'0*O#PYYYWP#(Q.&/Q.-#LE?#?Q-&.
B;#E'(%6&5#?Q-&.#F*5=#E%%)#PY\K#?;]?#9.&0-%&#\!#9-&_'&/#F.&'K#J-5.&#$'-`-&/#!YYY\P#LE?#?Q-&.
ZX[#P!#PP!!#\\\\X["P!"PP!!\\\\).-3a#`'00-1.=7.%#b#/&+'0%6&5=1%)=1&TTT=/&+'0%6&5=1%)=1&
X["P!"PP!!\\\[
VW#D7667%.#O!9#7.#MNNK
V"W#D7667%.#O!9
8553'(#PNQ#M.0#-&560*+7#.N'+./'O
B;#E'(%6&5#?Q-&.#F*5=#!W#?Q6.&/#J-&#E%.5#?4L#A+'.#J-.)'&#\[!YY[#LE?#?Q-&.#LQ%&'#ZX[#W>P#W[Y#S!#XX#].c#ZX[#W>P#[YP#\W#RY
Snapshot of Expected Business Potential
with Engineering Companies in P.R. China
Engineering Sector
!"#$% $&'(#%)#*+(#,%'-&./ 0%*&1#2(3(.4( 256#!-(.7256#!-(.7#&8#
-(9:(.*&;(#%)#0%*&1#2(3(.4(
,%'-&./#$(<8
!
"#$%&#$'()*+,-.',(/.012(304(5-64((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((5+&$*(%$7+(08(-#+(3072$%9(:3#'%+;+<(=(上海電氣集團股份有限公司((#--2>??@@@4;#$%&#$'=+*+,-.',4,07((((((((((((((((((((((((((((("-0,A(306+(=(BC!DED
BDF!G(H'**'0%(IHJ((=>"?#@A11A%.#B!6#:"01.,+(=(K%%1$*(I+20.-(EC!!<
CCD"?#EA11A%.#B!6##:"01.,+(=(K%%1$*(I+20.-(
EC!!<C">?F
E J+'L'%&(M'%&,#+%&(H$,#'%+.9()*4(N*64G"C#@A11A%.#B!6####(((((((
:"01.,+(=(3072$%9((@+O;'-+<(
HI#EA11A%.#B!6 J884'(#C#F#--2>??@@@4L,7+#4,07?-+72*$-+;?+%PQP$.-',+*?'%6+R4$;2RS%06+'6TEUC
V /.++()*+,-.',(K22*'$%,+;(W%,4=G"G?#@A11A%.#B!6##:"01.,+(=(3072$%9(K%%1$*(I+20.-(EC!!<
IKH#EA11A%.#B!6########:I+8+.(,072$%9(%+@;<(((((((((((((#--2>??@@@4OL.+X'+@4,074,%?2.'%-?-R-?EC!E=
CD?!B?,0%-+%-PUBG!GUPV4#-7
*+(#+A;+(8*#A.#,+A.&L8#+%48(+%17#(1(:*9A:#&--1A&.:(#A.748*9/"
Q#';(9+$.Y(/.++(@0%(-#+(Z$-'0%$*(",'+%,+($%6(Q+,#%0*0&9([.0&.+;;(K@$.6(80.(.+;+$.,#'%&($%6(,077+.,'$*'\'%&(-#+(0%+=#+.-\(X$.'$O*+(8.+]1+%,9($'.(,0%6'-'0%+.4(5$;-(9+$.Y('-;(.+;+$.,#($%6(6+X+*027+%-(;2+%6'%&(@$;(V(O'**'0%(91$%(:^UDB(7'**'0%<Y(-#+(#'&#+;-('%(3#'%$_;(#01;+#0*6(+*+,-.',($22*'$%,+('%61;-.94
U N$.O'%([0@+.()]1'27+%-(304(5-64I"IK#@A11A%.#B!6#(((:"01.,+(=(3072$%9(
`+O;'-+<
DI"I#EA11A%.#B!6#######:"0.,+(=(3072$%9(K%%1$*(
I+20.-(EC!!<="C>F
Q02(V(3072+-'-0.;(=(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((a1L'()*+,-.',(N0*6'%&;(304Y(5-64/)()%+.&9K5"QbH(c4c4
d "#$%&#$'(e#+%#1$(N+$X9(W%61;-.9(304G"G#@A11A%.#B!6######
:"01.,+(=(3072$%9(K%%1$*(I+20.-<
MM"C#EA11A%.#B!6(((:"01.,+(=(3072$%9(K%%1$*(I+20.-<
GF
B Q+,#-.0%',(W%61;-.'+;(304(5-64(:Nc<="K#@A11A%.#B!6##(((
:"01.,+(=(3072$%9(K%%1$*(I+20.-<
HM"=#EA11A%.#B!6#((:"01.,+(=(3072$%9(
`+O;'-+<IF
#--2>??@@@4--'&.0124,07?0%*'%+.+20.-?$.EC!!?8'%$%,'$*;?,0%;0*'6$-+6=;-$-+7+%-=08=,072.+#+%;'X+='%,07+
D 3#$%&;#$(e007*'0%(N+$X9(W%61;-.9(",4K"I#@A11A%.#B!6###
:"01.,+(=(3072$%9(K%%1$*(I+20.-<
HG"K#EA11A%.#B!6##:"01.,+(=(3072$%9(K%%1$*(I+20.-<
>"?>F
G f3H/(30%;-.1,-'0%(H$,#'%+.9(304(5-64D"C#@A11A%.#B!6########
:"01.,+(=(3072$%9(K%%1$*(I+20.-<
?>#EA11A%.#B!6#####:"01.,+(=(I+8+.(3072$%9(Z+@;<#--2>??@@@4,#'%$;,02+8'%$%,'$*4,07?%+@;?
20;-?!BDdB4#-7*
="D>F
K,,0.6'%&(-0(-#+($%%01%,+7+%-Y(f3H/(@'**('%L+,-(3Zg(dCC(7'**'0%('%-0(f1\#01(N+$X9(H$,#'%+.9(304Y(5-64(80.(-#+(IhiY(-+,#%',$*(-.$%;80.7$-'0%Y($%6(2.061,-'0%(+R2$%;'0%(08(-#+(,072$%9j;(,.$%+(2.061,-;4(f3H/(@'**($*;0('%X+;-(3Zg(U!(7'**'0%Y(3Zg(DB(7'**'0%Y(3Zg(BC(7'**'0%Y($%6(3Zg(UC(7'**'0%Y(.+;2+,-'X+*9Y('%(0-#+.(801.(;1O;'6'$.'+;4
F 3#'%$("'%07$(W%-4()%&'%++.'%&(30I">C#@A11A%.#B!6##
:"01.,+(=(3072$%9(K%%1$*(I+20.-<
I>#EA11A%.#B!6 J884'(#=F
"#+%]1$%("0*$.(';(.+;20%;'O*+(80.(+$.*9(2*$%%'%&($%6(2$;;($22*',$-'0%Y($%6(-#+(WQ()*+,-.0%',;()*+X+%-#(i+;'&%(h(I+;+$.,#(W%;-'-1-+(",'+%-'8',($%6(Q+,#%0*0&',$*()%&'%++.'%&(30.20.$-'0%(5'7'-+6(';('%(,#$.&+(08(0X+.$**(6+;'&%(08(-#+(2.0L+,-4("'%07$(W%-+.%$-'0%$*()%&'%++.'%&(@'**(;2+%6(3Zg(VEC(7'**'0%(0%(-#+(2.0L+,-
!C "$%9(N+$X9(W%61;-.9(304(5-64=C"?#@A11A%.#B!6####
:3072$%9(`+O;'-+<HI>#EA11A%.#B!6#####:'8(d(
k< D#*%#K#F
Details Engineering Companies in P.R. China
Engineering Sector
!"#$% $&'(#%)#*+(#,%'-&./ 01%234*5#0%1*)%67% 8221(55 ,%.*&4*#9(*&765# :&;#$%" <%*&6#=(>(.3( =?9#!-(.2
=?9#!-(.2#&5#
-(14(.*&@(#%)#
<%*&6#=(>(.3(
,%'-&./#$(A5
!
"#$%&#$'()*+,-.',(/.012(304(5-64((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((5+&$*(%$7+(08(-#+(3072$%9(:3#'%+;+<(=(上海電氣集團股份有限公司((#--2>??@@@4;#$%&#$'=+*+,-.',4,07((((((((((((((((((((((((((((("-0,A(306+(=(BC!DED
3+7+%-()F1'27+%-G()%+.&9("$H'%&()F1'27+%-G(5$.&+(;,$*+(.0-$.9(I'*%G(J1K+(L'**(/.$-+(300*+.G(3.1;#+.G(M1;-(,0**+,-'0%(+F1'27+%-(+-,4
N04E!EG(O'%(P'$%&(Q0$6G(RQ3:ECCESS<
(TUB:E!<SSEB!UUU(;+.H',+V;#$%&#$'=+*+,-.',4,07(
TUB:E!<SWBXYDUC(
BDX!U(L'**'0%(QLZ((BC"D#E7667%.#F!9#
:"01.,+(=([%%1$*(Q+20.-(EC!!<
GGH"D#I7667%.#F!9##
:"01.,+(=([%%1$*(Q+20.-(EC!!<
G"CDJ
E Z+'\'%&(P'%&,#+%&(L$,#'%+.9()*4(]*64
3N3(L$,#'%+(J00*;G(R0@+.(/+%+.$-'0%()F1'27+%-G(]'&#(R.+;;1.+(^+;;+*;G(R.'%-'%&(L$,#'%+.9G()%&'%++.'%&(L$,#'%+.9G(]96.$1*',(30720%+%-;G(R0@+.(J.$%;7';;'0%(+-,4
P'%&,#+%&(L$,#'%+.9()*+,-.',(Z1'*6'%&G(N04YXG()$;-(J#'.6(Q'%&(L'66*+(Q0$6G(3#$09$%&(M';-.',-G(Z+'\'%&G(R4(Q4(3#'%$4
CCUB=!C=BDDCEUEU:UYE<(EUYD(YCUW
K"G#E7667%.#F!9####(((((((:"01.,+(=(3072$%9((
@+K;'-+<(#--2>??@@@4\,7+#4,07?-+72*$-+;?+%_J_$.-',+*?'%6+`4$;2`a%06+'6
bEWC
LM#I7667%.#F!9 8553'(#G#J
S /.++()*+,-.',([22*'$%,+;(c%,4Q+;'6+%-'$*(['.(30%6'-'0%+.G(]01;+#0*6()*+,-.',([22*'$%,+;G(3077+.,'$*(['.(30%6'-'0%+.4
d#1#$'(?(3#0%&F'%&(?(]+8+'(?(d#+%&e#01(?(f1#$%
TUB=DYB=UYEEE!UBK"KD#E7667%.#F!9##
:"01.,+(=(3072$%9([%%1$*(Q+20.-(EC!!<
MNL#I7667%.#F!9##
:Q+8+.(,072$%9(%+@;<(((((((((((((
#--2>??@@@4K\.+H'+@4,074,%?2.'%-?-
`-?EC!E=CD?!B?,0%-+%-_WB
U!UW_S4#-7
*+(#+7@+(5*#7.#
,+7.&O5#
+%35(+%62#
(6(4*174#
&--67&.4(#
7.235*1/"
J#';(9+$.G(/.++(@0%(-#+(N$-'0%$*(",'+%,+($%6(J+,#%0*0&9(R.0&.+;;([@$.6(80.(.+;+$.,#'%&($%6(,077+.,'$*'e'%&(-#+(0%+=#+.-e(H$.'$K*+(8.+F1+%,9($'.(,0%6'-'0%+.4(5$;-(9+$.G('-;(.+;+$.,#($%6(6+H+*027+%-(;2+%6'%&(@$;(S(K'**'0%(91$%(:gWDB(7'**'0%<G(-#+(#'&#+;-('%(3#'%$h;(#01;+#0*6(+*+,-.',($22*'$%,+('%61;-.94
W ]$.K'%(R0@+.()F1'27+%-(304(5-64 (R0@+.(2*$%-()F1'27+%-
Z*0,A(ZG(SX("$%6$(M0%&*'(Q64]$.K'%G(]+'*0%&\'$%&G(3#'%$
(TUB=WY!=UE!S=YD!D
UBWY=!U=E!SYDCC
M"MN#E7667%.#F!9#(((:"01.,+(=(3072$%9(
f+K;'-+<
HM"M#I7667%.#F!9###
:"0.,+(=(3072$%9([%%1$*(Q+20.-(
EC!!<
B"GCJ
J02(S(3072+-'-0.;(=((((((((((((((((((((((i1\'()*+,-.',(]0*6'%&;(304G(5-64/)()%+.&9[5"JjL(I4I4
Y "#$%&#$'(d#+%#1$(]+$H9(c%61;-.9(304
30%-$'%+.(L$,#'%+.9G(Z1*A(3$.&0(]$%6*'%&(L$,#'%+G(j88;#0.+(]+$H9(M1-9(2.061,-;G(]+$H9(M1-9("-++*("-.1,-1.+;G()%+.&9(,0%;+.H$-'H+()F1'27+%-4
M0%&(i$%&=51G("#$%&#$'G(R4Q4,#'%$(ECC!EY
UB=E!=YUSXBBBB(((((((((((((((((((((((((((((((7$'*Ve27,4,07
UB=E!=YUSXXYYY(UB=E!=YUSXDCCC(
K"K#E7667%.#F!9######
:"01.,+(=(3072$%9([%%1$*(Q+20.-<
PP"G#I7667%.#F!9(((:"01.,+(=(3072$%9([%%1$*(Q+20.-<
KJ
B J+,#-.0%',(c%61;-.'+;(304(5-64(:]I<
L'*@$1A++G([)/(R0@+.(-00*;G(Q90K'(R0@+.(-00*;G(]07+*'-+(01-600.(2.061,-;G(^$`(i*00.(3$.+([22*'$%,+;4
N04!G(3#1$%&(I+(Q0$6]01(P'+(J0@%(c%61;-.'$*(R$.A]01(P'+(J0@%G(M0%&&1$%(3'-9/1$%&(M0%&(R.0H'%,+(YESXWY
:UB=DBX<(UEDE(UUUU :UB=DBX<(UYYU(EYDY
B"N#E7667%.#F!9##(((:"01.,+(=(3072$%9([%%1$*(Q+20.-<
LP"B#I7667%.#F!9#((:"01.,+(=(3072$%9(
f+K;'-+<MJ
#--2>??@@@4--'&.0124,07?0%*'%+.+20.-?$.EC!!?8'%$%,'$*;?,0%;0*'6$-+6=;-$-+7+%-=08=,072.+#+%;'H+='%,07+
!"#$% $&'(#%)#*+(#,%'-&./ 01%234*5#0%1*)%67% 8221(55 ,%.*&4*#9(*&765# :&;#$%" <%*&6#=(>(.3( =?9#!-(.2=?9#!-(.2#&5#-(14(.*&@(#%)#<%*&6#=(>(.3(
,%'-&./#$(A5
! "#$%&'#$()**+,-*%(./$01(2%34'561(789
"*%86/5/(:$8#-%/61;(:*<-,/(
"6$%/(:$8#-%/61;(
"*%'56485-*%(.*-'5-%&(
:$8#-%/61;(=*$3(:$8#-%/61;(
>-,/(?*4%3$5-*%(:$8#-%/61;(
@%09(A(7$%-5$61(:$8#-%/61;(
@$65#(B*6C-%&(:$8#-%/61(/58
)**+,-*%(78-/%8/(
>$6C;(D-%E/%(7*45#(
=*$3(FGH;(
"#$%&'#$;(.4%$%(
IHJJHF
#55EKLLMMM9N**+,-
*%98*+L/%&,-'#L8*
%5$859#5+,
J!FHO
PPPJ!QH!!PPPJ!FHF
B"C#D7667%.#E!9###R7*468/(O("*+E$%1(
S%%4$,(=/E*65T
FG"B#H7667%.#E!9##R7*468/(O("*+E$%1(
S%%4$,(=/E*65T
I"JIK
PU":V("*%'56485-*%(:$8#-%/61("*9(
W539
"*%'56485-*%(.*-'5-%&(
:$8#-%/61;(=*$3("*%'56485-*%(
:$8#-%/61;(./$01(X451(
Y648C';(=$-,M$1(@Z4-E+/%5(/58
)*%/(H;(U4N#*4(
@8*%*+-8(
X/0/,*E+/%5()*%/;(
[-$%&'4;("#-%$
(JJPGOOQHGOO
P!!F\]FQ;(JJPGOO
QHGOOP!!F\]F\
#55EKLLMMM9^
8+&98*+L/%O
4'L8*%5$85L-%
3/^9#5+
L"M#D7667%.#E!9########R7*468/(O("*+E$%1(
S%%4$,(=/E*65T
JI#H7667%.#E!9#####R7*468/(O(=/_/6(
"*+E$%1(
`/M'T#55EKLLMMM9
8#-%$'8*E/_-%$%8-$
,98*+L%/M'LE*'5LH
G!QG9#5+,
N"LIK
S88*63-%&(5*(5#/(
$%%*4%8/+/%5;(U":V(M-,,(
-%a/85("`D(QJJ(+-,,-*%(-%5*(
U4N#*4(./$01(:$8#-%/61("*9;(
W539(_*6(5#/(=AX;(5/8#%-8$,(
56$%'_*6+$5-*%;($%3(E6*3485-*%(
/^E$%'-*%(*_(5#/(8*+E$%1b'(
86$%/(E6*3485'9(U":V(M-,,($,'*(
-%0/'5("`D(IH(+-,,-*%;("`D(!G(
+-,,-*%;("`D(GJ(+-,,-*%;($%3(
"`D(IJ(+-,,-*%;(6/'E/85-0/,1;(-%(
*5#/6(_*46('4<'-3-$6-/'9
\ "#-%$(7-%*+$(2%59(@%&-%//6-%&("*
"/+/%5(@Z4-E+/%5;(@%/6&1(
7$0-%&(@Z4-E+/%5;(W$6&/('8$,/(
6*5$61(c-,%;(Y4</(:-,,(V6$5/(
"**,/6;("64'#/6;(X4'5(
8*,,/85-*%(/Z4-E+/%5(/589
`*9HG(B$%&a-%&(
`*65#(=*$3(
;d/-a-%&;"#-%$(
HJJJFQ
ePGOHJOGIF\\QHP(((((((((((((((((((((((((
N8<f'-%*+$98*+98
%
ePGOHJO
GIF\\QHJ
C"IM#D7667%.#E!9##R7*468/(O("*+E$%1(
S%%4$,(=/E*65T
CI#H7667%.#E!9 8553'(#NK
7#/%Z4$%(7*,$6(-'(6/'E*%'-<,/(
_*6(/$6,1(E,$%%-%&($%3(E$''(
$EE,-8$5-*%;($%3(5#/(2Y(
@,/856*%-8'(@,/0/%5#(X/'-&%(A(
=/'/$68#(2%'5-545/(78-/%5-_-8(
$%3(Y/8#%*,*&-8$,(@%&-%//6-%&(
"*6E*6$5-*%(W-+-5/3(-'(-%(
8#$6&/(*_(*0/6$,,(3/'-&%(*_(5#/(
E6*a/859(7-%*+$(2%5/6%$5-*%$,(
@%&-%//6-%&(M-,,('E/%3("`D(F]J(
+-,,-*%(*%(5#/(E6*a/85
HJ 7$%1(./$01(2%34'561("*9(W539
"*%86/5/(:$8#-%/61;(
@^8$0$5*6;("6$M,/6("6$%/';(
Y648C("6$%/';(>-,/(X6-0-%&(
:$8#-%/61;(=*$3("*%'56485-*%(
:$8#-%/61;(>*65(:$8#-%/61;(
B-%3(Y46<-%/9
7S`D(2%34'56-$,(
>$6C;(@8*%*+-8($%3(
Y/8#%*,*&-8$,(
X/0/,*E+/%5()*%/;(
"#$%&'#$;(.4%$%;(
"#-%$
IJJGJ\PFHP;(JJPGO
HJOG\!F\FHP(
863f'$%198*+98%
NM"J#D7667%.#E!9####R"*+E$%1(B/<'-5/T
FCI#H7667%.#E!9#####R-_(Q(gT
L#*%#B#K
Snapshot of Expected Business Potential
with Electric / Hybrid Automotive Companies in P.R. China
Electric / Hybrid Vehicles Sector
!"#$% $&'(#%)#*+(#,%'-&./
! "#$%
& '()*+,)*
- %.,/01$)2,/)324()35
6 7/45543)8,
9:3+,41;(2(/1%(<=3)01>2?@11111111111111111111111111111111111111A1B.(5501(C),?1DEFD4?43/01E)?,/1%.4)31%.3)*G3)1#E2(<(F45,1H/(E=I
J %.3)31K1%.3)*3)
L M#B1H/(E=
N 7,4O4)*1#E2(
P 7Q'
!R HE3)*S.(E1#E2(
T.,1U324()351NJ-1V/(*/3<1D,212.,1W5,82/481X,.485,1V/(O,8213)?14?,)24+4,?12.,1M%XY1WX13)?1:WX13D12.,1=/4(/424,D1+(/12.,1?,Z,5(=<,)21(+1:WX@1[(4)21\]'1C3D14)42432,?1F012.,1H(Z,/)<,)21C42.1FED4),DD,DY1383?,<4,D13)?1/,D,3/8.14)D242E24()D@T.,1;4)4D2/01(+1$)?ED2/013)?1$)+(/<324()1T,8.)(5(*01A;$$TI1D34?14)1&R!R12.321%.4)314D12(14)Z,D21<(/,12.3)1^"'1!91F4554()1(Z,/12.,1),_21!R10,3/D12(1DE==(/21),C`,),/*013E2(<(F45,1=/(?E824()14)1(/?,/12(1<3a,1%.4)312.,1C(/5?bD153/*,D21),C`,),/*013E2(<(F45,1=/(?E824()18(E)2/0@
0%*&1#2(3(.4( 256#!-(.7#86(3(1%-'(.*9:256#!-(.7#&9#-(;<(.*&=(#%)#0%*&1#2(3(.4(
,%'-&./#$(>9
?@"A#BC11C%.#D!6#A"(E/8,1`1%(<=3)01#))E351\,=(/2:
U(1D=,/32,1?32313Z3453F5,13=3/21+/(<1\]'1D=,)? U#
EF"GHE#BC11C%.#D!6111A"(E/8,1`1%(<=3)01#))E351\,=(/2I
T.,1'()*+,)*1;(2(/1H/(E=GD12,8.)483518,)2/,18(<=5,2,?13)?13))(E)8,?12.,1W[R&1,5,82/481D,?3)D1AW[R&純1電1動1轎1車I13)?12.,1/,5,Z3)21/,=(/24)*1+(/<35424,D1.3?1F,,)1388(<=54D.,?@1T/4351/E)Y1/,=(/24)*1+(/<35424,D1(/1,)*4),,/4)*1?,D4*)1(+17M1D,/4,D1.0F/4?1D,?3)D1C,/,1DE88,DD+E550183//4,?1(E2@1T.,1NJ-1,5,82/(<,8.3)48351=(C,/12/3)D<4DD4()1?,Z48,1=3DD,?12./(E*.12.,1)324()3512,D24)*@1'()*+,)*1U4DD3)153E)8.,?131D<3551D835,1D35,D13)?12/4351/E)1+(/1>W#M1,5,82/48183/1A聆1風1電1動1汽1車I14)1HE3)*S.(E13)?1BE.3)
U#
I"I#BC11C%.#D!611111111111114)1&RRP1AU(1?32313Z4353F5,1+(/1&R!!I
U(1D=,/32,1?32313Z3453F5,13=3/21+/(<1\]'1D=,)? U#
F"GEA#BC11C%.#D!6###A"(E/8,1`1%(<=3)01#))E351\,=(/2I
HJ#KC11C%.#D!6##11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111A"(E/8,1$)2,/),2I
U#
U(1D=,/32,1?32313Z3453F5,13=3/21+/(<1\]'1D=,)? U#
FJ"FGH#KC11C%.#D!611AV/(O,821NJ-I11111111111111111111111111111111111111111111111111111111111111111111111A"(E/8,1`1%(<=3)01#))E351\,=(/2I
U#
HF"@#BC11C%.#D!6###AM/(<1$)2,/),2I
U(1D=,/32,1?32313Z3453F5,13=3/21+/(<1\]'1D=,)? U#.22=cKKCCC@+3C@8(<K8()2382ED&@OD=11111111111111111111111111111111111.22=cKKCCC@*5(F3524<,D@8)K3E2(DK3E2(`8.4)3K4)?ED2/0K&R!!`[email protected]<5
IE"FJJ#BC11C%.#D!6#AM/(<1$)2,/),2I
'34<5,/1#H1D4*)D1;,<(/3)?E<1(+1^)?,/D23)?4)*1C42.17Q'1%(<=3)01>4<42,?12(1,D23F54D.131T,8.)(5(*01V3/2),/D.4=1+(/1W5,82/481X,.485,D14)1%.4)31
"2E22*3/2K1:()*1d()*Y1;3/8.1!Y1&R!RU#
[email protected])3F3C@8)K3F(E2F3CK8()2382ED@3D=_
L"J#BC11C%.#D!6###1111A%(<=3)01B,FD42,I
LG"FLE#KC11C%.#D!6###############################################################################################A"(E/8,1`1%(<=3)01#))E351\,=(/2I
U#
",/Z48,1#*/,,<,)21()1',Z,5(=<,)21(+1U,C1W5,82/()481X,.485,D1$)1%.4)313)?131M/3<,C(/a1#*/,,<,)21()1V/(?E8213)?1'4D2/4FE2,1(+1U,C1W5,82/()481X,.485,D
F"LH?#BC11C%.#D!6#######A"(E/8,1`1%(<=3)01#))E351\,=(/2I
`1#D1+(/1),C1,),/*01Z,.485,DY14)1[3)E3/01&R!!Y1#WY12.,1),C1<(?,518()DE<4)*1.0F/4?1,),/*01(+1T/E<=8.41C3D14)85E?,?14)1=EF54813))(E)8,<,)213)?154D2,?14)12.,1?,<()D2/324()1(+1),C1,),/*01Z,.485,D@11111111111111111111111111111111111111111111111111111111111111111111111111111111`1T.,1H/(E=1C4551a,,=1()1=/(<(24)*12.,1?,Z,5(=<,)213)?1=/(?E824()1(+1.0F/4?1FED13)?1,5,82/481FED@1111111111111111111111111
U#
H"EAE#BC11C%.#D!6###A"(E/8,1`1%(<=3)01#))E351\,=(/2I11
AR@R-J174554()1^"'1+/(<1:3+,4I
T.,1U324()351NJ-1V/(*/3<1D,212.,1W5,82/481X,.485,1V/(O,8213)?14?,)24+4,?12.,1M%XY1WX13)?1:WX13D12.,1=/4(/424,D1+(/12.,1?,Z,5(=<,)21(+1:WX@1[(4)21\]'1C3D14)42432,?1F012.,1H(Z,/)<,)21C42.1FED4),DD,DY1383?,<4,D13)?1/,D,3/8.14)D242E24()D@T.,1;4)4D2/01(+1$)?ED2/013)?1$)+(/<324()1T,8.)(5(*01A;$$TI1D34?14)1&R!R12.321%.4)314D12(14)Z,D21<(/,12.3)1^"'1!91F4554()1(Z,/12.,1),_21!R10,3/D12(1DE==(/21),C`,),/*013E2(<(F45,1=/(?E824()14)1(/?,/12(1<3a,1%.4)312.,1C(/5?bD153/*,D21),C`,),/*013E2(<(F45,1=/(?E824()18(E)2/0@
Details Electric / Hybrid Automotive Companies in P.R. China
Electric / Hybrid Vehicles Sector
!"#$% $&'(#%)#*+(#,%'-&./ 01#2&3*(.(3 4553(66 ,%.*&7*#8(*&9:6# ;&<#$%" =%*&:#>(?(.@( >A8#!-(.5#B8(?(:%-'(.*6C>A8#!-(.5#&6#-(37(.*&D(#%)#=%*&:#>(?(.@(
,%'-&./#$(E6
! "#$% &'()(*+,-.(+/0120(34256("1278120(9:::,!
99:!!--- 99:!!;;;FG"H#I9::9%.#J!8#<"4=>?/(@(%4AB27C(#77=2D(3/B4>EC
F4(GB/>2E/(52E2(2H20D2ID/(2B2>E(J>4A(3)K(GB/75 F#
9 K478J/78L"#6(F0GG276(M4752
+=127(M=I/0(%10726(,N::!O
F# F#KL"MNK#I9::9%.#J!8(((<"4=>?/(@(%4AB27C(#77=2D(3/B4>EP
Q1/(K478J/78('4E4>(&>4=BRG(E/?170?2D(?/7E>/(?4ABD/E/5(275(2774=7?/5(E1/(ST:9(/D/?E>0?(G/527G(<ST:9純(電(動(轎(車P(275(E1/(>/D/H27E(>/B4>E078(J4>A2D0E0/G(125(I//7(2??4ABD0G1/5U(Q>02D(>=76(>/B4>E078(J4>A2D0E0/G(4>(/7807//>078(5/G087(4J(VW(G/>0/G(1CI>05(G/527G(X/>/(G=??/GGJ=DDC(?2>>0/5(4=EU(Q1/(-YN(/D/?E>4A/?1270?2D(B4X/>(E>27GA0GG047(5/H0?/(B2GG/5(E1>4=81(E1/(72E0472D(E/GE078U(K478J/78(F0GG27(D2=7?1/5(2(GA2DD(G?2D/(G2D/G(275(E>02D(>=7(J4>(ZS#W(/D/?E>0?(?2>(<聆(風(電(動(汽(車P(07(&=278[14=(275(+=127
F#
N %1/>C($7E/>72E0472D F# M/J/0 1/DB5/?\]AC?1/>CU?4AO"O#I9::9%.#J!8(((((((((((((07(9::.(<F4(52E2(2H02D2ID/(J4>(9:!!P
F4(GB/>2E/(52E2(2H20D2ID/(2B2>E(J>4A(3)K(GB/75 F#
, V>0DD027?/ V'+6(Q4C4E2
M/25(^JJ0?/(@("=0E/G(!Y:9@:O6(%12E/>(M4=G/6(-(%4772=81E(3425(%/7E>2D6(M478(_478
<-O9P(9O9N(;99;(?I2]I>0DD027?/2=E4U?4A
<-O9P(9O9Y(-,;9
L"MKH#I9::9%.#J!8###<"4=>?/(@(%4AB27C(#77=2D(3/B4>EP
NP#Q9::9%.#J!8##(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<"4=>?/($7E/>7/EP
F#
O
M2J/0('4E4>(%4AB27C(ZE5U((((((((((((((((((((((((((((((((((((((<(+14DDC(4X7/5(G=IG0502>C(=75/>(%1072(%1278R27(#=E4A4I0D/(&>4=BP
"=[=\0
F4U(!(6("4=E1(`1/78C0(34256M2B078(`47/6S?474A0?()(Q/?174D480?2D(K/H/D4BA/7E(K0GEU6M2>I076%1072L4GE(?45/a(!O::Y:
::-Y@:,O!@-YO-.!N:!::-Y@:,O!@-YO-;-OO((XXXU12J/02=E4U?4AU?7((((/bB4>E12J/0]C2144U?4AU?7
-Y@:,O!@-YO-;-99
F4(GB/>2E/(52E2(2H20D2ID/(2B2>E(J>4A(3)K(GB/75 F#
Y %1272(c(%127827W4>56('2[526("=[=\0
%1478d0786(V/0e0786(T0278G=6(M/I/06(`1/e0278(275(T0278b0(
'>U(L/0B/0(`124(<[124BB]?127827U?4AU?7(P(4>('GU(Q027E027(Q278(<E278EE]?127827U?4AU?7PU
LP"LMN#Q9::9%.#J!8((<L>4e/?E(-YNP(((((((((((((((((((((<"4=>?/(@(%4AB27C(#77=2D(3/B4>EP
F#
; W#+(&>4=B*+6(Q4C4E26('2[526(&'
F4UN:9O6(K478J/78("E>//E(%1278?1=76(LU3U%1072L4GE(%45/(!N::!!
Sd=0BA/7E(L=>?12G078(@(f-Y@,N!@-O;NY!:,((((((((((((((((((((((((((((((((((((((e078C=271=0g0/?]J2XU?4AU?7
f-Y@,N!@-;Y!,;-:
NL"G#I9::9%.#J!8###<W>4A($7E/>7/EP
F4(GB/>2E/(52E2(2H20D2ID/(2B2>E(J>4A(3)K(GB/75 F#
1EEBaccXXXUJ2XU?4Ac?47E2?E=G9UeGB(((((((((((((((((((((((((((((((((((1EEBaccXXXU8D4I2DE0A/GU?7c2=E4Gc2=E4@?1072c075=GE>Cc9:!!@:!cONN-,YU1EAD
- V/0e078(#=E4MC=75206(K20AD/>(%1>CGD/>
F4U(O!(&=278d=(S2GE(3425(%124C278(K0GE>0?E(V/0e078(
f-Y!:-;;,9-!;(c(-;;,,!,:f-Y!:-;;,9-!;
OK"LPP#I9::9%.#J!8#<W>4A($7E/>7/EP
K20AD/>(#&(G087G('/A4>275=A(4J(h75/>GE275078(X0E1(ViK(%4AB27C(Z0A0E/5(E4(/GE2ID0G1(2(
Q/?174D48C(L2>E7/>G10B(J4>(SD/?E>0?(*/10?D/G(07(%1072("E=EE82>Ec(M478(_4786('2>?1(!6(9:!:
F#1EEBaccXXXU?1072I2XU?7c2I4=EI2Xc?47E2?E=GU2GBb
. ViK
M/25(^JJ0?/(@(F4UN::.6(ViK(34256(L078G1276("1/7[1/76(O!-!!-6(LU3U%1072
f-Y@;[email protected]@;OO@-,9:9999
R"P#I9::9%.#J!8###((((<%4AB27C(+/IG0E/P
RM"LRK#Q9::9%.#J!8####################################################<"4=>?/(@(%4AB27C(#77=2D(3/B4>EP
F#
"/>H0?/(#8>//A/7E(47(K/H/D4BA/7E(4J(F/X(SD/?E>470?(*/10?D/G($7(%1072(275(2(W>2A/X4>\(#8>//A/7E(47(L>45=?E(275(K0GE>0I=E/(4J(F/X(SD/?E>470?(*/10?D/G
!: &=278[14=(#=E4M47526(Q4C4E26($G=[=
9N6!O(W(%1/78(i=/(V=0D50786(6F4U,,-@,O-(K478(W/78(`1478(34256(&=278[14=(O!::N:(
-Y@9:@-N!O!N-:!-N!O!!,!(((8208]8208U?4AU?7
-Y@9:@-N!O:N9N(
L"RNF#I9::9%.#J!8#######<"4=>?/(@(%4AB27C(#77=2D(3/B4>EP
@(#G(J4>(7/X(/7/>8C(H/10?D/G6(07(T27=2>C(9:!!6(#S6(E1/(7/X(A45/D(?47G=A078(1CI>05(/7/>8C(4J(Q>=AB?10(X2G(07?D=5/5(07(B=ID0?(2774=7?/A/7E(275(D0GE/5(07(E1/(5/A47GE>2E047(4J(7/X(/7/>8C(H/10?D/GU((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((@(Q1/(&>4=B(X0DD(\//B(47(B>4A4E078(E1/(5/H/D4BA/7E(275(B>45=?E047(4J(1CI>05(I=G(275(/D/?E>0?(I=GU(((((((((((((((((((((((((
F#
N"KHK#I9::9%.#J!8###<"4=>?/(@(%4AB27C(#77=2D(3/B4>EP((
<:U:NY(V0DD047(h"K(J>4A(M2J/0P
Q1/(F2E0472D(-YN(L>48>2A(G/E(E1/(SD/?E>0?(*/10?D/(L>4e/?E(275(05/7E0J0/5(E1/(W%*6(S*(275(MS*(2G(E1/(B>04>0E0/G(J4>(E1/(5/H/D4BA/7E(4J(MS*U(T407E(3)K(X2G(070E02E/5(IC(E1/(&4H/>7A/7E(X0E1(I=G07/GG/G6(2?25/A0/G(275(>/G/2>?1(07GE0E=E047GU
Q1/('070GE>C(4J($75=GE>C(275($7J4>A2E047(Q/?174D48C(<'$$QP(G205(07(9:!:(E12E(%1072(0G(E4(07H/GE(A4>/(E127(h"K(!O(I0DD047(4H/>(E1/(7/bE(!:(C/2>G(E4(G=BB4>E(7/X@/7/>8C(2=E4A4I0D/(B>45=?E047(07(4>5/>(E4(A2\/(%1072(E1/(X4>D5jG(D2>8/GE(7/X@/7/>8C(2=E4A4I0D/(B>45=?E047(?4=7E>CU
Thanks
