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Heilongjiang




                                                                                                                                         Jilin



             China Animal Husbandry Machines Industry Profile
                                                                                                 Inner Mongolia
                                                                                                                           Liaoning
                           Xinjiang
                                                                                                                                           Beijing


                                                                                                        Hebei                              Tianjin
                                                                                            Shanxi
                                                                       Ningxia                                  Shandong
                                                 China Industry Code: 3674
                                              Qinghai
                                                                    Gansu
                                                                                        Henan          Jiangsu
      According to the industry distribution index released by Zeefer, the major distribution areas of animal husbandry
                                                                           Shaanxi
      machines industry across China include: Shandong, Shanghai, Beijing, Tianjin, and the second distribution areas
                              Tibet                                                              Anhui         Shanghai
      include: Liaoning, Xinjiang, Hebei, Hubei, Anhui and Guangdong.
                                                                                               Hubei
                                                             Sichuan                                                       Zhejiang
                                                                            Chongqing

                                                                                             Hunan          Jiangxi

                                                                                                                       Fujian
                                                                            Guizhou


                                                           Yunnan                                      Guangdong
                                                                                  Guangxi

Lesser Distribution Area                      Beijing Zeefer Consulting Ltd.
Second Distribution Area
Major Distribution Area
                                                        Mar. 2011
                                                                                        Hainan
Introduction

Through a comparative analysis on the development of animal husbandry machines industry in 31 provincial regions and 20 major cities in visualized form
of data map, the report provides key data and concise analyses on the animal husbandry machines industry in China, a list of top 20 enterprises in the
sector as well as the comparison on investment environment in top 10 hot regions. In addition, the report truly reflects the position of foreign enterprises in
animal husbandry machines industry across China based on a comprehensive comparison of operating conditions among different enterprise types.
This report is based on Chinese industry classification (Industrial Classification For National Economic Activities, GB/T 4754-2002).
Additionally, by original creation of ZEEFER Industry Distribution Index, the report directly shows the difference in various regions of Mainland China in
terms of animal husbandry machines industry, providing an important reference for investors' selection of target regions to make investment.


What will you get from this report?
· To get a comprehensive picture on distribution of and difference in performance in regions of Mainland China in terms of the animal husbandry
machines industry;
· To figure out the hot regions in China for animal husbandry machines industry, find out the potential provinces and cities suitable for investment as well
as the economic development level and investment environment in these regions;
· To get a clear picture on the overall development, industry size and growth trend of animal husbandry machines industry across China in the past 3
years;
· To get a clear picture on development status of foreign enterprises, state-owned enterprises, and private enterprises in recent years as well as the
industry position of the above ownerships;
· Present you with a list of top 20 enterprises inside the industry;
· ……

Regions Covered By This Report
· All the 31 provincial regions in Mainland China;
· Top 20 cities in terms of animal husbandry machines industry.

Enterprise Types Covered By This Report
·   Top 20 enterprises;
·   Enterprises Funded by Foreign Countries (territories), Hong Kong, Macau and Taiwan;
·   Chinese State-owned Enterprises;
·   Collective-owned Enterprises;
·   Cooperative Enterprises;
·   Joint-Equity Enterprises;
· Private Enterprises.

ZEEFER Industry Distribution Index

It is an indicator through aggregate weighted computation based on the three authority statistics of enterprise numbers, sales revenue and profit by region
and corporate ownership, and in accordance with the regional distribution of leading enterprises inside the sector. Through horizontal comparison on the
animal husbandry machines industry development in different provinces, municipalities, and autonomous regions, the ZEEFER Industry Distribution Index
is specially designed to truly reflect the conditions of regional distribution for the animal husbandry machines industry, providing a quantitative, visual and
reliable reference for relevant users to make decisions. The ZEEFER Industry Distribution Index adopts a hundred mark system. For a certain region, the
higher the score, the higher the distribution concentration in this region and the industry position of the region shall be more important.

Key Statistic Indicators Covered By This Report
· Industrial Output
· Number Of Employees
· Enterprise Number
· Sales Revenue
· Profits
· Rate Of Return On Sales
· Rate Of Return On Assets
· Rate Of Return On Net Assets
· Number Of Enterprises In Red
· Range Of Loss
· Total Losses
· Percentage Of Foreign-Funded And HK-, Macau-, Taiwan-Funded Enterprises In Terms Of The Sales Revenue
· Percentage Of Foreign-Funded Enterprises In All Foreign-Funded Enterprises And HK-, Macau-, Taiwan-Funded Enterprises In Terms Of The Sales
Revenue
· GDP
· Growth Rate Of GDP
· GDP Per Capita
· Growth Rate Of GDP Per Capita
· Growth Rate Of The Added Value Of Primary Industry
· Growth Rate Of The Added Value Of Secondary Industry
· Growth Rate Of The Added Value Of The Tertiary Industry
· Industrial Value-Added Of Enterprises Above Designated Size
· Growth Rate Of Industrial Value-Added Of Enterprises Above Designated Size
· ......
Declaration



Beijing Zeefer Consulting Ltd. and (or) its affiliates (hereafter, "Zeefer") provides this report with the greatest possible
care. Nevertheless, Zeefer makes no guarantee whatsoever regarding the accuracy, utility, or certainty of the
information in this report. Further, Zeefer disclaims any and all responsibility for damages that may result from the use
or non-use of the information in this report.
The information in this report may be incomplete and/or may differ in expression from other information in elsewhere by
other means. The information contained in this report may also be changed or removed without prior notice.
Table of Contents
1.    Overview
2.    The Nationwide Distribution Of Animal Husbandry Machines Industry In China
3.    Introduction To Major Cities
4.    Nationwide Distribution Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises In Animal Husbandry Machines
      Industry
5.    Nationwide Distribution Of Foreign-Funded Enterprises
6.    Nationwide Distribution By Enterprise Numbers
7.    Sales Revenue Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Region
8.    Sales Revenue In Different Regions For Animal Husbandry Machines Industry
9.    Nationwide Distribution Of Top 100 Enterprises In Terms Of Sales Revenue
10.   Comparison Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises
 10.1 Operating Status Of Top 10 Areas With Highest Total Profits
 10.2 Comparison On Operating Status Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Region
11.   Analysis On Operating Status Of Enterprises By Corporate Ownership
12.   Analysis On The Changes In Number Of Enterprises By Corporate Ownership
13.   Analysis On The Changes In Sales Revenue By Corporate Ownership
14.   Comparison On The Rate Of Return On Assets Of Enterprises
 14.1 Comparison On The Rate Of Return On Assets By Corporate Ownership
 14.2 Comparison On The Rate Of Return On Assets By Corporate Size
 14.3 Comparison On The Rate Of Return On Assets Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Major
      Distribution Areas
15.   Comparison On The Investment Environment Indexes Of 10 Major Regions
16.   List Of Top 20 Enterprises In Terms Of Sales Revenue
17.   Index Explanation
Sample Report                                                                                                                                               Beijing Zeefer Consulting Ltd.

2. The Nationwide Distribution Of Animal Husbandry Machines Industry In China
According to the Zeefer Industry Distribution Indexes, major distribution areas of the animal                               Code     Region   N              Index Points
husbandry machines industry include Shandong, Shanghai, Beijing and Tianjin. The second distribution                         37 Shandong          ||||||||||||||||||||| 87 |||||||||||||||||||||
areas of the animal husbandry machines industry include Liaoning, Xinjiang, Hebei, Hubei, Anhui and                          31 Shanghai          |||||||||||||||||| 74 ||||||||||||||||||
Guangdong.                                                                                                                   11 Beijing           |||||||||||||||| 67 ||||||||||||||||
                                                                                                                             12 Tianjin           |||||||||||||||| 67 ||||||||||||||||
                                                                                                                             21 Liaoning          |||||||||||||| 59 ||||||||||||||
                                                                                                                             65 Xinjiang          |||||||||||||| 59 ||||||||||||||
                                                                                                            23               13 Hebei             ||||||||||| 47 |||||||||||
                                                                                                                             42 Hubei             ||||||||||| 44 |||||||||||
                                                                                                           22                34 Anhui             |||||||||| 43 ||||||||||
                                                                                                      21                     44 Guangdong         |||||||| 33 ||||||||
                                   65                                   15              11                                   32 Jiangsu           ||||||| 28 |||||||
                                                                                         12                                  22 Jilin             |||||| 25 ||||||
                                                                                       13
                                                              64
                                                                             14
                                                                                            37
                                                                                                                             33 Zhejiang          ||||| 23 |||||
                                                63                                                                           15 Inner Mongolia    |||| 18 ||||
                                                             62                   41             32
                                                                       61                                                    50 Chongqing         |||| 17 ||||
                                    54                                                      34             31                51 Sichuan           |||| 16 ||||
                                                                                  42
                                                        51                                            33                     61 Shaanxi           ||| 15 |||
                                                                   50
                                                                                            36                               14 Shanxi              0
                                                                              43                 35
                                                                  52                                                         23 Heilongjiang        0
              1-32                                                                                                           35 Fujian              0
                                                       53               45             44
              33-66                                                                                                          36 Jiangxi             0
              67+                                                                                                            41 Henan               0
                                                                             46                                              43 Hunan               0
                                                                                                                             45 Guangxi             0
ZEEFER Industry Distribution Index: is an indicator through aggregate weighted computation based on                          46 Hainan              0
the three authority statistics of enterprise numbers, sales revenue and profit by region and corporate                       52 Guizhou             0
ownership, and in accordance with the regional distribution of leading enterprises inside the sector.                        53 Yunnan              0
Through horizontal comparison on the target industry development in different provinces, municipalities                      54 Tibet               0
and autonomous regions, the ZEEFER Industry Distribution Index is specially designed to truly reflect                        62 Gansu               0
the conditions of regional distribution for the target industry, providing a quantitative, visual and reliable               63 Qinghai             0
reference for relevant users to make decisions. The ZEEFER Industry Distribution Index adopts a                              64 Ningxia             0
hundred mark system. For a certain region, the higher the score, the higher the distribution concentration
in this region and the industry position of the region shall be more important.



                                                                        Tel: +86 10 68324716 Fax: +86 10 87750776
                                                        Company Site: www.Zeefer.org Online Reports Store: www.AllChinaReports.com                                                             3
Sample Report                                                                                                                                           Beijing Zeefer Consulting Ltd.

   14.3 Comparison On The Rate Of Return On Assets Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Major Distribution
Areas (2008-2010)
            In 2010, the rate of return on assets for foreign-funded enterprises and HK, Macau and Taiwan-funded enterprises was 17.2%, 0.6% higher than
            nationwide average. Among foreign-funded enterprises and HK, Macau and Taiwan-funded enterprises in following major distribution areas, those
            enterprises in Shandong realized the highest rate of return on assets, and those in Shanghai achieved the lowest ROAs. Those foreign-funded
            and HK, Macau and Taiwan-funded enterprises in Shandong realized a ROA of 47.5% in 2010, 30.9% higher than the nationwide average, 30.3%
            higher than that of nationwide average of all foreign-funded and HK, Macau and Taiwan-funded enterprises.

                                                                    Rate Of Return On Assets %                             Rate Of Return On Net Assets %
                                                              2010                 2009                   2008           2010           2009                2008             # # # # # #
                             National Average                        16.6                 17.4                   13.5           34.1           48.7                44.8 # # # # # #
                               All                                   17.2                 19.5                   16.8           42.3           63.5                95.5 # # # # # #
                Foreign-Funded
                And HK, Macau Shandong                               47.5                 92.3                   91.9           59.4       106.0                  133.4 # # # # # #
                 And Taiwan- Shanghai                                -4.6                 -4.6                   -8.5       148.6              66.9                38.4 # # # # # #
                    Funded
                               Beijing                               11.9                  5.2                    4.9           50.9           33.3                36.8 # # # # # #
                  Enterprises
                               Tianjin                               15.0                 -9.5                    3.1           28.0       -20.3                    9.8 # # # # # #
                                                                                                                                                                             # # # # # #

                 Rate Of Return On Assets ForForeign-Funded And HK,                                       Rate Of Return On Net Assets For Foreign-Funded And
                   Macau And Taiwan-Funded Enterprises By Major                                            HK, Macau And Taiwan-Funded Enterprises By Major
                             Distribution Areas (2008-2010)                                                           Distribution Areas (2008-2010)

       100.00                                                                                    160.00
                                                                                                 140.00
        80.00
                                                                                                 120.00
                                                                        All                      100.00                                                                All
        60.00
                                                                        Shandong                  80.00                                                                Shandong
        40.00                                                           Shanghai                  60.00                                                                Shanghai
                                                                        Beijing                   40.00                                                                Beijing
        20.00                                                           Tianjin                                                                                        Tianjin
                                                                                                  20.00
                                                                                                   0.00
         0.00
                                                                                                 -20.00           2008           2009            2010
                      2008             2009         2010
       -20.00                                                                                    -40.00




                                                                  Tel: +86 10 68324716 Fax: +86 10 87750776
                                                  Company Site: www.Zeefer.org Online Reports Store: www.AllChinaReports.com                                                       18
Beijing Zeefer Consulting Ltd.


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China Animal Husbandry Machines Industry Regions

  • 1. Heilongjiang Jilin China Animal Husbandry Machines Industry Profile Inner Mongolia Liaoning Xinjiang Beijing Hebei Tianjin Shanxi Ningxia Shandong China Industry Code: 3674 Qinghai Gansu Henan Jiangsu According to the industry distribution index released by Zeefer, the major distribution areas of animal husbandry Shaanxi machines industry across China include: Shandong, Shanghai, Beijing, Tianjin, and the second distribution areas Tibet Anhui Shanghai include: Liaoning, Xinjiang, Hebei, Hubei, Anhui and Guangdong. Hubei Sichuan Zhejiang Chongqing Hunan Jiangxi Fujian Guizhou Yunnan Guangdong Guangxi Lesser Distribution Area Beijing Zeefer Consulting Ltd. Second Distribution Area Major Distribution Area Mar. 2011 Hainan
  • 2. Introduction Through a comparative analysis on the development of animal husbandry machines industry in 31 provincial regions and 20 major cities in visualized form of data map, the report provides key data and concise analyses on the animal husbandry machines industry in China, a list of top 20 enterprises in the sector as well as the comparison on investment environment in top 10 hot regions. In addition, the report truly reflects the position of foreign enterprises in animal husbandry machines industry across China based on a comprehensive comparison of operating conditions among different enterprise types. This report is based on Chinese industry classification (Industrial Classification For National Economic Activities, GB/T 4754-2002). Additionally, by original creation of ZEEFER Industry Distribution Index, the report directly shows the difference in various regions of Mainland China in terms of animal husbandry machines industry, providing an important reference for investors' selection of target regions to make investment. What will you get from this report? · To get a comprehensive picture on distribution of and difference in performance in regions of Mainland China in terms of the animal husbandry machines industry; · To figure out the hot regions in China for animal husbandry machines industry, find out the potential provinces and cities suitable for investment as well as the economic development level and investment environment in these regions; · To get a clear picture on the overall development, industry size and growth trend of animal husbandry machines industry across China in the past 3 years; · To get a clear picture on development status of foreign enterprises, state-owned enterprises, and private enterprises in recent years as well as the industry position of the above ownerships; · Present you with a list of top 20 enterprises inside the industry; · …… Regions Covered By This Report · All the 31 provincial regions in Mainland China; · Top 20 cities in terms of animal husbandry machines industry. Enterprise Types Covered By This Report · Top 20 enterprises; · Enterprises Funded by Foreign Countries (territories), Hong Kong, Macau and Taiwan; · Chinese State-owned Enterprises; · Collective-owned Enterprises; · Cooperative Enterprises; · Joint-Equity Enterprises;
  • 3. · Private Enterprises. ZEEFER Industry Distribution Index It is an indicator through aggregate weighted computation based on the three authority statistics of enterprise numbers, sales revenue and profit by region and corporate ownership, and in accordance with the regional distribution of leading enterprises inside the sector. Through horizontal comparison on the animal husbandry machines industry development in different provinces, municipalities, and autonomous regions, the ZEEFER Industry Distribution Index is specially designed to truly reflect the conditions of regional distribution for the animal husbandry machines industry, providing a quantitative, visual and reliable reference for relevant users to make decisions. The ZEEFER Industry Distribution Index adopts a hundred mark system. For a certain region, the higher the score, the higher the distribution concentration in this region and the industry position of the region shall be more important. Key Statistic Indicators Covered By This Report · Industrial Output · Number Of Employees · Enterprise Number · Sales Revenue · Profits · Rate Of Return On Sales · Rate Of Return On Assets · Rate Of Return On Net Assets · Number Of Enterprises In Red · Range Of Loss · Total Losses · Percentage Of Foreign-Funded And HK-, Macau-, Taiwan-Funded Enterprises In Terms Of The Sales Revenue · Percentage Of Foreign-Funded Enterprises In All Foreign-Funded Enterprises And HK-, Macau-, Taiwan-Funded Enterprises In Terms Of The Sales Revenue · GDP · Growth Rate Of GDP · GDP Per Capita · Growth Rate Of GDP Per Capita · Growth Rate Of The Added Value Of Primary Industry · Growth Rate Of The Added Value Of Secondary Industry · Growth Rate Of The Added Value Of The Tertiary Industry · Industrial Value-Added Of Enterprises Above Designated Size · Growth Rate Of Industrial Value-Added Of Enterprises Above Designated Size · ......
  • 4. Declaration Beijing Zeefer Consulting Ltd. and (or) its affiliates (hereafter, "Zeefer") provides this report with the greatest possible care. Nevertheless, Zeefer makes no guarantee whatsoever regarding the accuracy, utility, or certainty of the information in this report. Further, Zeefer disclaims any and all responsibility for damages that may result from the use or non-use of the information in this report. The information in this report may be incomplete and/or may differ in expression from other information in elsewhere by other means. The information contained in this report may also be changed or removed without prior notice.
  • 5. Table of Contents 1. Overview 2. The Nationwide Distribution Of Animal Husbandry Machines Industry In China 3. Introduction To Major Cities 4. Nationwide Distribution Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises In Animal Husbandry Machines Industry 5. Nationwide Distribution Of Foreign-Funded Enterprises 6. Nationwide Distribution By Enterprise Numbers 7. Sales Revenue Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Region 8. Sales Revenue In Different Regions For Animal Husbandry Machines Industry 9. Nationwide Distribution Of Top 100 Enterprises In Terms Of Sales Revenue 10. Comparison Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises 10.1 Operating Status Of Top 10 Areas With Highest Total Profits 10.2 Comparison On Operating Status Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Region 11. Analysis On Operating Status Of Enterprises By Corporate Ownership 12. Analysis On The Changes In Number Of Enterprises By Corporate Ownership 13. Analysis On The Changes In Sales Revenue By Corporate Ownership 14. Comparison On The Rate Of Return On Assets Of Enterprises 14.1 Comparison On The Rate Of Return On Assets By Corporate Ownership 14.2 Comparison On The Rate Of Return On Assets By Corporate Size 14.3 Comparison On The Rate Of Return On Assets Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Major Distribution Areas 15. Comparison On The Investment Environment Indexes Of 10 Major Regions 16. List Of Top 20 Enterprises In Terms Of Sales Revenue 17. Index Explanation
  • 6. Sample Report Beijing Zeefer Consulting Ltd. 2. The Nationwide Distribution Of Animal Husbandry Machines Industry In China According to the Zeefer Industry Distribution Indexes, major distribution areas of the animal Code Region N Index Points husbandry machines industry include Shandong, Shanghai, Beijing and Tianjin. The second distribution 37 Shandong ||||||||||||||||||||| 87 ||||||||||||||||||||| areas of the animal husbandry machines industry include Liaoning, Xinjiang, Hebei, Hubei, Anhui and 31 Shanghai |||||||||||||||||| 74 |||||||||||||||||| Guangdong. 11 Beijing |||||||||||||||| 67 |||||||||||||||| 12 Tianjin |||||||||||||||| 67 |||||||||||||||| 21 Liaoning |||||||||||||| 59 |||||||||||||| 65 Xinjiang |||||||||||||| 59 |||||||||||||| 23 13 Hebei ||||||||||| 47 ||||||||||| 42 Hubei ||||||||||| 44 ||||||||||| 22 34 Anhui |||||||||| 43 |||||||||| 21 44 Guangdong |||||||| 33 |||||||| 65 15 11 32 Jiangsu ||||||| 28 ||||||| 12 22 Jilin |||||| 25 |||||| 13 64 14 37 33 Zhejiang ||||| 23 ||||| 63 15 Inner Mongolia |||| 18 |||| 62 41 32 61 50 Chongqing |||| 17 |||| 54 34 31 51 Sichuan |||| 16 |||| 42 51 33 61 Shaanxi ||| 15 ||| 50 36 14 Shanxi 0 43 35 52 23 Heilongjiang 0 1-32 35 Fujian 0 53 45 44 33-66 36 Jiangxi 0 67+ 41 Henan 0 46 43 Hunan 0 45 Guangxi 0 ZEEFER Industry Distribution Index: is an indicator through aggregate weighted computation based on 46 Hainan 0 the three authority statistics of enterprise numbers, sales revenue and profit by region and corporate 52 Guizhou 0 ownership, and in accordance with the regional distribution of leading enterprises inside the sector. 53 Yunnan 0 Through horizontal comparison on the target industry development in different provinces, municipalities 54 Tibet 0 and autonomous regions, the ZEEFER Industry Distribution Index is specially designed to truly reflect 62 Gansu 0 the conditions of regional distribution for the target industry, providing a quantitative, visual and reliable 63 Qinghai 0 reference for relevant users to make decisions. The ZEEFER Industry Distribution Index adopts a 64 Ningxia 0 hundred mark system. For a certain region, the higher the score, the higher the distribution concentration in this region and the industry position of the region shall be more important. Tel: +86 10 68324716 Fax: +86 10 87750776 Company Site: www.Zeefer.org Online Reports Store: www.AllChinaReports.com 3
  • 7. Sample Report Beijing Zeefer Consulting Ltd. 14.3 Comparison On The Rate Of Return On Assets Of Foreign-Funded Enterprises And HK, Macau And Taiwan-Funded Enterprises By Major Distribution Areas (2008-2010) In 2010, the rate of return on assets for foreign-funded enterprises and HK, Macau and Taiwan-funded enterprises was 17.2%, 0.6% higher than nationwide average. Among foreign-funded enterprises and HK, Macau and Taiwan-funded enterprises in following major distribution areas, those enterprises in Shandong realized the highest rate of return on assets, and those in Shanghai achieved the lowest ROAs. Those foreign-funded and HK, Macau and Taiwan-funded enterprises in Shandong realized a ROA of 47.5% in 2010, 30.9% higher than the nationwide average, 30.3% higher than that of nationwide average of all foreign-funded and HK, Macau and Taiwan-funded enterprises. Rate Of Return On Assets % Rate Of Return On Net Assets % 2010 2009 2008 2010 2009 2008 # # # # # # National Average 16.6 17.4 13.5 34.1 48.7 44.8 # # # # # # All 17.2 19.5 16.8 42.3 63.5 95.5 # # # # # # Foreign-Funded And HK, Macau Shandong 47.5 92.3 91.9 59.4 106.0 133.4 # # # # # # And Taiwan- Shanghai -4.6 -4.6 -8.5 148.6 66.9 38.4 # # # # # # Funded Beijing 11.9 5.2 4.9 50.9 33.3 36.8 # # # # # # Enterprises Tianjin 15.0 -9.5 3.1 28.0 -20.3 9.8 # # # # # # # # # # # # Rate Of Return On Assets ForForeign-Funded And HK, Rate Of Return On Net Assets For Foreign-Funded And Macau And Taiwan-Funded Enterprises By Major HK, Macau And Taiwan-Funded Enterprises By Major Distribution Areas (2008-2010) Distribution Areas (2008-2010) 100.00 160.00 140.00 80.00 120.00 All 100.00 All 60.00 Shandong 80.00 Shandong 40.00 Shanghai 60.00 Shanghai Beijing 40.00 Beijing 20.00 Tianjin Tianjin 20.00 0.00 0.00 -20.00 2008 2009 2010 2008 2009 2010 -20.00 -40.00 Tel: +86 10 68324716 Fax: +86 10 87750776 Company Site: www.Zeefer.org Online Reports Store: www.AllChinaReports.com 18
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