Stock Code: 600320 900947 Stock Name: Zhenhua Heavy Zhenhua B-share
Shanghai Zhenhua Heavy Industries Co., Ltd.
Annual Report 2020
CONTENTS
Section I Definitions 03
Section II Company Profile and Principal Financial Indexes 04
Section III Business Profile 08
Section IV Discussion and Analysis of the Performance 10
Section V Important Events 19
Section VI Changes in Ordinary Shares and Shareholders' Situation 34
Section VII Preferred Shares 38
Section VIII Directors, Supervisors, Senior Executives and Employees 39
Section IX Corporate Governance 45
Section X Related Information on Corporate Bonds 47
Section XI Financial Report 48
Section XII List of Reference Documents 199
Important Notice
1 The Board of Directors, Board of Supervisors, directors, supervisors and senior executives
of the Company hereby guarantee the truthfulness, accuracy and completeness of the
contents carried in this annual report, guarantee no false record, serious misleading
statement or great omission carried in this annual report and guarantee to assume the
legal responsibilities jointly and separately.
2 All directors of the Company are present at the board meeting.
3 Ernst & Young LLP. (Special General Partnership) issues the standard audit report without
qualified opinion for the Company.
4 Liu Chengyun, the chairman of the Company, Zhu Xiaohuai, person in charge of
accounting work, and Sun Guangbo, person in charge of accounting agency (accountant
in charge) hereby declare that the financial statements in this Annual Report are true,
accurate and complete.
5 Proposal for profit distribution or common reserves capitalizing during the reporting period
reviewed by the board of directors
Considering the Company’s business plan and the capital demand in 2021, in order
to ensure the Company’s long-term healthy and sustainable development, the profit
distribution proposal for 2020 is as follows: the Company will neither distribute the profits
nor transfer the capital public reserves into the paid-in capital.
6 Risk declaration of forward-looking statements
□Applicable √ NotApplicable
7 Does the Company have non-operating funds occupied by the holding shareholder and its
related parties?
No
8 Does the Company provide the external guarantees in breach of the stipulated decision-
making procedure?
No
9 Whether more than half of the directors cannot guarantee the authenticity, accuracy and
completeness of the annual report disclosed by the Company?
No
10 Major Risk Warning
The company has described the related potential risks in this annual report. Investors may
pay attention to the same. Please refer to discussion and analysis of the performance
and related chapters for the risks the company may be confronted with in the future
development.
11 Others
□Applicable √ NotApplicable
Section I Definitions
I. Definitions
The terms used in this report shall be defined as follows, unless otherwise specified:
Definitions of high frequency terms
Company, the Company Refers to Shanghai Zhenhua Heavy Industries Co., Ltd.
CCCC Refers to China Communications Construction Company Ltd.
CCCG Refers to China Communications Construction Group Co., Ltd.
CCCG HK Refers to CCCG (HK) Holding Limited
Reporting period Refers to From Jan. 1, 2020 to Dec. 31, 2020
Section II Company Profile and Principal Financial Indexes
1 Company Information
Company name in Chinese 上海振华重工（集团）股份有限公司
Abbreviation of the Company name in Chinese 振华重工
Company name in English SHANGHAI ZHENHUA HEAVY INDUSTRIES CO.,LTD.
Abbreviation of the Company name in English ZPMC
Legal representative of the Company Liu Chengyun
2 Contact Information
Secretary of the Board of Direct
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