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In the passed year 2009, the most significant environmental
changes in this century took place, and the full impact of
the international financial crisis took shape. To deal with
this situation, China Merchants Group sized up the
situation, made effective responses, and raised the
guideline of ˇ§to persist in the hard time, to watch the
situation, and to reinforce the managementˇ¨. The company
successfully passed the most difficult time after taking a
series of measures including controlling the investment,
increasing the liquidity, reducing the cost, enlarging the
market, and improving the services. We had an annual profit
of 17.357 billion yuan in 2009, achieving a year-on-year
increase of 22.58 per cent, ranking number seven among all
the central state-owned enterprises.
The year 2010 is unsure for the economy of China and the
world. We are going to be rational, act according to
circumstances, strengthen ourselves and develop our company.
We have made profits with the growing economy, and we can do
better business through raising our labor productivity as
well. We are going to continuously optimize the factors of
production, the allocation of resources, and the management
system to enhance the competitiveness of the enterprise.
ˇ§Be responsibleˇ¨ is in China Merchantsˇ¦ spirit when it
fights against the global financial crisis. In this year
with various challenges and difficulties, we will go on
advocate this enterprise spirit, and put it into practice,
making us proud of ourselves in the future when weˇ¦re
looking back at what we are achieving now.
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