China Automobile Industry

Document Sample
China Automobile Industry Powered By Docstoc
					                          Version:Jan 6th,2007




China Automobile Industry

 Research Report 2006




Beiijjiing HL Consullttiing Co..,, Lttd
Be ng HL Consu ng Co L d
                                                         China Automobile Industry Research Report 2006



                                   Table of Contents



1 Overview of China’s automobile industry in 2006
1.1 Overall production and marketing situation in 2006
1.1.1 Production and sale in 2006
1.2 Overall financial situation of enterprises from 2004 to 2006
1.2.1 Overall financial situation of enterprises in 2006
1.2.2 Overall indicators of enterprises in 2005
1.3 Analysis on China’s automobile imports and exports in 2005 and 2006
1.3.1 Analysis on automobile imports and exports in 2005
1.3.2 Analysis of integrated automobiles import and export in 2005-2006
2. Market supply and demand situation of main products in automobile industry between 2005 and
2006
2.1 Analysis on saloon car market
2.1.1 Production and sale of saloon cars of major enterprises
2.1.2 Total output of saloon cars
2.1.3 National market situation of saloon car
2.1.4 The marketing situation of each type of automobiles
2.1.5 Import and export of saloon car
2.2 Analysis on passenger car market in 2006
2.2.1 Status of production and marketing of passenger cars
2.2.2 Analysis of competition of passenger car market industry
2.3 Analysis of passenger car model structure
2.2.4 Status of export and import of passenger cars
2.2.4.1 Status of export of passenger cars
2.2.4.2 Status of import of passenger cars
2.2.5 Analysis of high-class passenger car market
2.2.6Analysis of factors impacting passenger car market
2.2.6.1 Rise in oil prices impacting the development of passenger car industry
2.2.6.2 The State Council gave the conclusion that there are excess production capacity in
automotive industry
2.2.6.3 Requirements for qualification of producing whole passenger car may cause the
reorganization of the passenger car industry
2.2.6.4Upgrade of the standard of environmental protection will affect the light passenger car
enterprises greatly
2.2.6.5 Priority on the development of urban public transport brings new opportunity to passenger
car industry
2.3 Lorries market analysis
2.3.1 Lorries market analysis
2.3.2 Import and export of Lorries
2.3.2.1 Exports of Lorries
2.3.2.2 Import of lorries

Beijing HL Consulting Co., Ltd            Page 2 of 11                            Tel:+86-10-51663150
                                                           China Automobile Industry Research Report 2006


3. General development of China’s automotive components industry
3.1 General development of China’s automotive components industry
3.2 Production and sale of automotive components industry
3.3 Economic indicators of automotive components industry
3.4 Imports and exports of automotive components industry
3.5 Summary of key automotive components enterprises
4. Development of China’s automobile repairing industry
4.1 Basic situation of Automobile Repairing industry
4.2 Production and Sales of Automobile Repairing industry
4.3 Economic indictors of Automobile Repairing industries
4.4 summary of Major vehicle repair business 136
5. Analysis on future development trend of China’s steel industry – correlative industry of
automobile industry
5.1 Steel products market
5.1.1 production of thin sheet
5.1.2 Price of thin sheet in China in 2006
5.2 Forecast of volume of steel for automobiles in the future (Year 2007-2020)
6. Analysis of development trend of China’s automobiles in the future
6.1 Analysis of the development environments of Chinese automobile industry
6.1.1 Chinese macro economy development
6.1.2 The schedule of fuel oil tax and its effect on automobile industry
6.1.3 Analysis of related policies affect automobile industry
6.2 Forecast model of China’s vehicle demand in the future (Year 2007-2020)
6.2.1 Relationship between China’s per capita vehicle stock and per capita GDP
6.2.2 Forecast of China’s GDP in the future (2007-2020)
6.2.3 Forecast of China’s total vehicle demand from 2007 to 2020
6.2.4 Forecast of automobile output in China, 2007-2020
Tables 159
Figures 165

Tables
Table 1. Automobile industry division 5
Table 2. Production and sales of automobile by type 7
Table 3. Production and sale of Passenger Car Vehicle in 2006 8
Table 4. Output of automobiles by province of China in 2006(Unit:vehicle) 10
Table 5. Output of automobile of the whole nation in 2006 11
Table 6. Total number of enterprises and Total number of loss making enterprises of China’s
automobile industry in 2006
Table 7. Total number of Enterprise,total number of loss-making enterprises of China’s
Automobile Complete industry from 2004 to 2006
Table 8. Total number of Enterprise,total number of loss-making Enterprises of China’s
Automobile complete industry by province from January to December in 2006
Table 9. Total Assets,total Liability,the average balance of float assets,the average balance of net
fixed assets of China’s automobile manufacturing by Province from 2005 to in2006


Beijing HL Consulting Co., Ltd              Page 3 of 11                            Tel:+86-10-51663150
                                                            China Automobile Industry Research Report 2006


Table 10. Total Assets,total Liability,the average balance of float assets,the average balance of net
fixed assets of China’s complete automobile manufacturing by province from 2004 to 2006
Table 11. Total Assets,total Liability,the average balance of float assets,the average balance of net
fixed assets of China’s complete automobile manufacturing by Province from January toDecember
in 2006
Table 12. Sales revenue,sales cost,sales expenditure,total profit,total tax of China’s automobile
manufacturing by Province from 2005 to 2006
Table 13. Sales revenue,Sales cost,Sales expenditure,Total profit,Total tax of China’s complete
automobile manufacturing by Province from 2004 to 2006
Table 14. Sales revenue,Sales cost,Sales expenditure,Total profit,Total tax of China’s complete
automobile manufacturing by Province from January to December in 2006
Table 15. Capital maintenance and increment ratio,The best level of Capital maintenance and
increment ratio,Debt to assets ratio, The best level of Debt to assets ratio,Turnover frequency of
floating assets,The best level of Turnover frequency of floating assets,Sales rate Per capita,The
best level of Sales rate Per capita of China’s automobile manufacturing by Province from 2005 to
2006
Table 16. Capital maintenance and increment ratio,The best level of Capital maintenance and
increment ratio,Debt to assets ratio,The best level of Debt to assets ratio,Turnover frequency of
floating assets,The best level of Turnover frequency of floating assets,Sales rate Per capita,The
best level of Sales rate Per capita of China’s complete automobile manufacturing by Province
from 2004 to 2006
Table 17. Capital maintenance and increment ratio,The best level of Capital maintenance and
increment ratio,Debt to assets ratio, The best level of Debt to assets ratio,Turnover frequency of
floating assets,The best level of Turnover frequency of floating assets,Sales rate Per capita,The
best level of Sales rate Per capita of China’s complete automobile manufacturing by Province
from January to December in 2006
Table 18. Basic situation of top ten enterprises of complete automobile manufacturing from 2004
to 2006
Table 19. The average balance of float assets,The average balance of net fixed assets,Total
Assets,Total Liabilities of top ten enterprises of complete automobile manufacturing from 2004 to
2006
Table 20. Sales revenue, Sales cost, Sales expenditure, Total profit, Total tax of top ten enterprises
of complete automobile manufacturing from 2004 to 2006
Table 21. Capital maintenance and increment ratio,Debt to assets ratio,Turnover frequency of
floating assets,Sales rate Per capita of top ten enterprises of complete automobile manufacturing
from 2004 to 2006
Table 22. Economic indictors of top ten enterprises of automobile manufacturing in
December ,2006
Table 23. Top ten Province of sales revenue of complete Automobile manufacturing from January
to December in 2006
Table 24. Top ten City of sales revenue of complete Automobile manufacturing from January to
December in 2006
Table 25. Accumulative sales revenue,Accumulative total profit of China’s automobile industry
by province in 2006


Beijing HL Consulting Co., Ltd               Page 4 of 11                            Tel:+86-10-51663150
                                                          China Automobile Industry Research Report 2006


Table 26. Accumulative finished product and Accumulative Net accounts of receivables of China’s
automobile industry by province in 2006
Table 27. Accumulative Total Assets and Accumulative Total Liabilities of China’s automobile
industry by province in 2006
Table 28. Accumulative average balance of float assets and Accumulative average balance of net
fixed assets of China’s automobile industry by province in 2006
Table 29. Accumulative Sales Cost of Industrial Products and Accumulative Expenditure of sales
of China’s automobile industry by province in 2006
Table 30. Accumulative Tax and Extra Charges on Sales of Products and Accumulative Total
administrative expenses of China’s automobile industry by province in 2006
Table 31. Accumulative Finance expenditure by December in 2004 and Growth compared with the
same period of last year of China’s automobile industry by province in 2006
Table 32. Capital maintenance and increment ratio,Debt to assets ratio of China’s automobile
industry by province in 2006
Table 33. output value to profit and tax, Profitability to capital ratio, Turnover frequency of
floating assets of China’s automobile industry in 2006
Table 34. Ratio of Profits to Cost, Sales rate Per capita, Funds occupancy rate of finished product
of China’s automobile industry in 2006
Table 35. Accumulative average total number of employees,Accumulative Industrial production
value of China’s automobile industry by Province in 2006
Table 36. Accumulative Export delivery value of China’s automobile industry by Province in 2006
Table 37. Sales revenue,   Total Assets, Total profit,The average total number of employees of top
ten enterprises
Table 38. Rank of enterprises by sales of car vehicle in 2006
Table 39. Revenue and market share by emission in 2006
Table 40. Production and sales of car vehicle(Generalc type car vehicle) in 2006 by enterprises
Table 41. Total Output of saloon cars in 2006
Table 42. Output of saloon cars in The whole nation from February to December in 2006
Table 43. Output of saloon cars in Beijing from February to December in 2006
Table 44. Output of saloon cars in Tianjin from February to December in 2006
Table 45. Output of saloon cars in Liaoning from February to December in 2006
Table 46. Output of saloon cars in Jilin from February to December in 2006
Table 47. Output of saloon cars in Heilongjiang from February to December in 2006
Table 48. Output of saloon cars in Shanghai from February to December in 2006
Table 49. Output of saloon cars in Jiangsu from February to December in 2006
Table 50. Output of saloon cars in Zhejiang from February to December in 2006
Table 51. Output of saloon cars in Anhui from February to December in 2006
Table 52. Output of saloon cars in Fujian from February to December in 2006
Table 53. Output of saloon cars in Jiangxi from February to December in 2006
Table 54. Output of saloon cars in Shandong from February to December in 2006
Table 55. Output of saloon cars in Hubei from February to December in 2006
Table 56. Output of saloon cars in Hunan from February to December in 2006
Table 57. Output of saloon cars in Guangdong from February to December in 2006
Table 58. Output of saloon cars in Guangxi from February to December in 2006


Beijing HL Consulting Co., Ltd             Page 5 of 11                            Tel:+86-10-51663150
                                                          China Automobile Industry Research Report 2006


Table 59. Output of saloon cars in Hainan from February to December in 2006
Table 60. Output of saloon cars in Chongqing from February to December in 2006
Table 61. Output of saloon cars in Guizhou from February to December in 2006
Table 62. Output of saloon cars in Yunnan from February to December in 2006
Table 63. Output of saloon cars in Shaanxi from February to December in 2006
Table 64. Sales rank of small passenger car with emission below 1.0L
Table 65. Sales rank of small passenger car with emission between 1.0 and 1.6
Table 66. Sales rank of small passenger car with emission between 1.6 and 2.0
Table 67. Sales rank of medium and high grade passenger car with emission between 2.0 and
2.5(including 2.5)
Table 68. Sales rank of high grade passenger car with emission over 2.5 L
Table 69. Amount and sum of import and export of saloon car in China from 2004 to 2006
Table 70. Total output of road passage car of China by Province in 2006
Table 71. comparison of production and sale of passage car between 2004 to 2006
Table 72. Statistics of road passage car in 2006
Table 73. Output of road passage car of China by month from January to December in 2006(Unit:
ten thousand vehicle)
Table 74. Statistics of Market share of road passage car
Table 75. Market statistics of Highway passage car by type in 2004 and 2006
Table 76. sales data of high-grade bus from 2002 to 2006
Table 77. Sales statistics comparision lorries by type in 2004 and 2006
Table 78. Sales and growth of heavy lorries in 2005 compared with the previous six years
Table 79. Total output of carry cargo automobile by province in 2006
Table 80. Sales of heavy lorries in 2004 and 2006
Table 81. Sales and market share of heavy lorries in 2006
Table 82. Output of lorries from January to December by month in 2006 (Unit: 10 thousand
vehicle) 93
Table 83. Value and volumeof Import and Export of trucks (including package supplied) from
2004 to 2006
Table 84. Basic situation of automobile parts and accessories manufacturing from 2004 to 2006
Table 85. Basic situation of automobile parts and accessories manufacturing by Province from
January to December in 2006
Table 86. Sales revenue,Sales cost,Sales expenditure,Total profit,Total tax of Automobile parts and
accessories manufacturing from 2004 to 2006
Table 87. Sales revenue,Sales cost,Sales expenditure,Total profit,Total tax of Automobile parts and
accessories manufacturing by province from January to December in 2006
Table 88. The average balance of net fixed assets,Total Assets,Total Liabilities of Automobile parts
and accessories manufacturing from 2004 to 2006
Table 89. The average balance of net fixed assets,Total Assets,Total Liabilities of Automobile parts
and accessories manufacturing by province from January to December in 2006
Table 90. Top ten provinces of sales income of Automobile parts and accessories manufacturing
from January to December in 2006
Table 91. Top ten Cities of sales income of Automobile parts and accessories manufacturing from
January to December in 2006


Beijing HL Consulting Co., Ltd             Page 6 of 11                            Tel:+86-10-51663150
                                                          China Automobile Industry Research Report 2006


Table 92. Top ten provinces of sales income of Automobile parts and accessories manufacturing
from January to December in 2005
Table 93. Top ten Cities of sales income of Automobile parts and accessories manufacturing from
January to December in 2005
Table 94. Capital maintenance and increment ratio,The best level of capital maintenance and
increment ratio,Debt to assets ratio ,The best level of Debt to assets ratio,Turnover frequency of
floating assets,The best level of Turnover frequency of floating assets,Sales rate Per capita,The
best level of Sales rate Per capita of automobile parts and accessories manufacturing from 2004
to 2006
Table 95. Capital maintenance and increment ratio,The best level of capital maintenance and
increment ratio,Debt to assets ratio ,The best level of Debt to assets ratio,Turnover frequency of
floating assets,The best level of Turnover frequency of floating assets,Sales rate Per capita,The
best level of Sales rate Per capita of automobile parts and accessories manufacturing by province
from January to December in 2006
Table 96. Volume and value of import and export of China's auto parts from 2004 to 2006(Unit of
amount:Vehicle Unit of sum:1000 dollars)
Table 97. Production and Sale data of top ten automobile parts enterprises of China in 2003
Table 98. Total number of Enterprise,Total number of loss-making Enterprises,Industrial
production value,The average total number of employees of China’s Automobile Repairing
industry from 2004 to May in 2006 120
Table 99. The average balance of float assets,The average balance of net fixed assets,Total
Assets,Total Liabilities of China Automobile Repairing industry from 2004 to 2006 122
Table 100. Sales revenue,Sales cost,Sales expenditure,Total profit,Total tax of China Automobile
Repairing industry from 2004 to 2006 123
Table 101. Capital maintenance and increment ratio,The best level of Capital maintenance and
increment ratio,Debt to assets ratio,The best level of Debt to assets ratio,Turnover frequency of
floating assets,The best level of Turnover frequency of floating assets,Sales rate Per capita,The
best level of Sales rate Per capita of China Automobile Repairing industry from 2004 to 2006 125
Table 102. Industrial production value,The average total number of employees of Top ten
enterprises of China Automobile Repairing industry from 2004 to 2006 127
Table 103. The average balance of float assets,The average balance of net fixed assets,Total
Assets,Total Liabilities of Top ten enterprises of China Automobile Repairing industry from 2004
to 2006 128
Table 104. Sales revenue,Sales cost,Sales expenditure,Total profit,Total tax of Top ten enterprises
of China Automobile Repairing industry from 2004 to 2006 130
Table 105. Capital maintenance and increment ratio,Debt to assets ratio,Turnover frequency of
floating assets,Sales rate Per capita of Top ten enterprises of China Automobile Repairing industry
from 2004 to 2006 132
Table 106. Top ten Province of sales revenue of China Automobile Repairing industry from
January to 2006 132
Table 107. Top ten Province of sales revenue of China Automobile Repairing industry from
January to December in 2005 133
Table 108. Top ten Province of sales revenue of China Automobile Repairing industry from
January to December in 2004 133


Beijing HL Consulting Co., Ltd             Page 7 of 11                            Tel:+86-10-51663150
                                                         China Automobile Industry Research Report 2006


Table 109. Top ten City of sales revenue of China Automobile Repairing industry from January to
2006 133
Table 110. Top ten City of sales revenue of China Automobile Repairing industry from January to
December in 2005 134
Table 111. Top ten City of sales revenue of China Automobile Repairing industry from January to
December in 2004 134
Table 112. Produce and sale data of Top 10 motor vehicle repair enterprises of China in 2003 136
Table 113. forecast of the consumption of steel in automobile industry ,2007-2020 143
Table 114. Forecast of GDP growth of major domestic institutions 155




Figures
Figure 1 Automobile and car output in China from1990 to 2006
Figure 2 Prediction of China automobile and car output by 2020
Figure 3 Proportion of export of automobile by ownship of enterprises 47
Figure 4 Export of automobile by type 47
Figure 5 Comparision of export and import of whole automobiles 51
Figure 6 Monthly car vehicle sales from 2003 to 2006
Figure 7 Sales growth of all type of car in 2006
Figure 8 Sales of high-class passenger cars, 2002-2006
Figure 9 Sales and growth of sales of semi-trailers in 2006
Figure 10 Great market potential of China’s automobile parts industry
Figure 11 Output per day of hot rolled steel sheet and cold rolled sheet
Figure 12 Output of hot rolled steel sheet , Jan.2004 to Dec.,2006
Figure 13 Output of cold rolled sheet, Jan.2004 to Dec.,2006
Figure 14 Average price of cold-rolled or hot-rolled thin sheet in China 140
Figure 15 Comparison of domestic price of hot rolled steel sheet with international price
(USD/ton)
Figure 16 Comparison of domestic price of cold rolled steel sheet with international price
(USD/ton)
Figure 17 Fixed assets investments keep on rising
Figure 18 Disposable income of town dweller keeps on rising steadily
Figure 19 Comparison of per capita vehicle stock between China and other countries and regions
in the same developing phase (South Korea, India and Taiwan province)
Figure 20 Logarithmic chart of per capita vehicle stock and per capita GDP
Figure 21 Forecast of China’s per thousand population vehicle stock from 2007 to 2020
Figure 22 Forecast of China’s per thousand population vehicle demand from 2007 to 2020
Figure 23 Forecast of China’s total vehicle demand from 2007 to 2020




Beijing HL Consulting Co., Ltd            Page 8 of 11                            Tel:+86-10-51663150
                                                                    China Automobile Industry Research Report 2006




                                                       Order form
                 (To Order the Market Research Report of Beijing HL Consulting Co., Ltd)
Mr/Ms/other title                          First name                         Family name
Company                                                                       Job title/Position
Add                                                                           ZIP/Postcode
Business Sector.                    Tel                                       Fax
E-mail
Country/District
                          R e p o r ts S e l e c t i o n ( P l e a s e M a r k w i t h “√ ” )
                                       Report Name                                                       Price
                                                 English Version
                                                                                                          USD 800 ,
          □           China Automobile Industry Research Report 2006
                                                                                                          EUR 640
                                                                                                          USD 800 ,
          □           China Engine Industry Research Report in 2006
                                                                                                          EUR 640
                                                                                                          USD 600 ,
          □           China Special Purpose Vehicle Research Report in 2006
                                                                                                          EUR 480
                                                                                                           USD 600
          □           Market Research Report On China's Steel Tube Industry in 2006
                                                                                                          EUR 480
                                                                                                          USD 800 ,
          □           China Aluminum Industry Research Report in 2006
                                                                                                          EUR 640
                                                                                                          USD 800 ,
          □           China Steel Industry Research Report in 2006
                                                                                                          EUR 640
                                                                                                          USD 400 ,
          □           China Casting and Forging Market Survey Report 2006
                                                                                                           EUR 320

                                                                                                 Sum
Version                                                               PDF

      Mail or Fax this form to Beijing HL Consulting Co., Ltd,

      Add:Room A-2204,U-Space Building ,No.8 Guangqumen

      Wai Street, Chaoyang District, Beijing, 100022 P.R.China

      Tel: 86-10-51663150                           Fax: 86-10- 58613956

      Email:bjhlconsulting@yahoo.com.cn




      Beijing HL Consulting Co., Ltd                 Page 9 of 11                               Tel:+86-10-51663150
                                                                        China Automobile Industry Research Report 2006



                                           Payment routing information

PLEASE           SEND          THIS       INSTRUCTION                  TO         THE     REMITTER              OR       THE
REMITTING BANK.


Notice: CITIC Industrial Bank Renamed to China CITIC Bank


1.USD
A c c o u n t B a n k : WA C H O V I A B A N K N A N E W Y O R K
SWIFT Code:PNBPUS3NNYC
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td


2 USD
A c c o u n t B a n k : A M E R I C A N E X P R E S S B A N K LT D . N E W Y O R K
SWIFT Code:AEIBUS33
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td


3.USD
A c c o u n t B a n k : C I T I C K A WA H B A N K LT D . N E W Y O R K
SWIFT Code:KWHKUS33
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td



F o r c u r r e n c y o f pa y m e n t i s E U R , p l e a s e u s e t h e f o l l o w i n g pa y m e n t r o u t i n g
information 4
4.EUR
A c c o u n t B a n k : A M E R I C A N E X P R E S S B A N K G M B H F R A N K F U RT
SWIFT Code:AEIBDEFX
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td


F o r c u r r e n c y o f pa y m e n t i s G B P, p l e a s e u s e t h e f o l l o w i n g pa y m e n t r o u t i n g
information 5


Beijing HL Consulting Co., Ltd                         Page 10 of 11                                   Tel:+86-10-51663150
                                                                        China Automobile Industry Research Report 2006


5.GBP
A c c o u n t B a n k : B A R C L AY S B A N K P L C . L O N D O N
SWIFT Code:BARCGB22
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td


F o r c u r r e n c y o f pa y m e n t i s J P Y, p l e a s e u s e t h e f o l l o w i n g pa y m e n t r o u t i n g
information 6
6.JPY
A c c o u n t B a n k : S U M I TO M O M I T S U I B A N K I N G C O R P. TO K Y O
SWIFT Code:SMBCJPJT
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td


F o r c u r r e n c y o f pa y m e n t i s U S D a n d p a i d i n H o n g k o n g , p l e a s e u s e t h e
following payment routing information7-8, 7 is preferred


7.HKD
A c c o u n t B a n k : H O N G K O N G A N D S H A N G H A I B A N K I N G C O R P. LT D . H O N G
KONG
SWIFT Code:HSBCHKHH
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td


8.HKD
A c c o u n t B a n k : C I T I C K A WA H B A N K P L C . L O N D O N
SWIFT Code:BARCGB22
R e c e i v e r ’s B a n k : C h i n a C I T I C B a n k , H . O . G e n e r a l B a n k i n g , B e i j i n g , C h i n a
SWIFT Code:CIBKCNBJ100
A / C N o : 7 111 3 1 0 1 8 2 6 0 0 0 5 3 7 8 4
R e c e i v e r ’s N a m e : B e i j i n g H L C o n s u l t i n g C o . , L td




Beijing HL Consulting Co., Ltd                         Page 11 of 11                                   Tel:+86-10-51663150