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nike air foamposite one Chongqing Road & Bridge Co., Ltd., a listed company, if not from the government confirms the negative background, income will be like. The company by the Chongqing International Trust and Investment Corporation, Chongqing Guoxin Investment holding company holding a total of 213 active employees, 135 retired employees, the management transferred from government departments, only two people. 2010, the company payroll is 21. 41 million yuan after deducting executive pay 4. 2 million yuan, the company even if they are not remunerated for retired workers, workers are not pre-tax income per capita to $ 80, 000, and if you count the retired workers, the per capita income of less than $ 50, 000. But even this company, their toll reached 44. 56% operating margin, while the toll as high as 79. 13 percent operating margin.
highway has become a cash machine
road toll practitioners of high wages, to highway toll from the main business of "listed company" profits. 2010 annual report, profit margins of these roads the highway is so high, few can be included in the lucrative industry.
to listed companies, Jiangsu Expressway, its 2010 Annual Report admits that the toll road margin as high as 73. 77%. The annual report of Chengdu in Sichuan showed that the company and its three branches, has the lowest operating profit margin of 53 percent, the highest 70% to 66% of the total. Some critics believe that this has far exceeded the gross estate, brokerage and other industry profits.
Interestingly, cheap griffey shoes such a high profit margin, or in the relief of Yushu in Qinghai Province to participate in the implementation of vehicles exempt from tolls, the provinces supply of diesel truck traffic caused by a large reduction in background.
Wuzhou development as a listed companys main business, its 2010 operating profit margin of highway toll revenues up 67. 18% over the same period the company of another industry - the real estate industry, profitability is -16. 24% The question is, compared with 2009, this operating margin even fell 12. 90%, operating costs increased by 62. 17%!
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who control the lucrative industry
road as "significant gaps between the industry" and its investors to the local government as much.
2010 annual report shows that listed companies in Sichuan Expressway Company Limited of 24 directors, supervisors and executives, to remove four independent directors, at least 15 from the Sichuan Provincial Communications Department, and the other Three people from the close of China with the Ministry of Transportation and Economic Development Center was built, almost every listed company in the highway are visible in the center of the figure.
scrutinize the origins of listed companies, executives, people will find that from the Department of Transportation Finance, Planning Office officials occupied the absolute majority griffeys .
in Sichuan Chengdu high-speed, for example, its chairman, president, chairman and served as another director had a history of comprehensive planning at the Sichuan Provincial Communications Department, deputy Director of Finance and its Board of Directors Secretary, Human Resources Manager, Chief Financial Officer, trade union chairman is former Sichuan Provincial Communications Department Highway Administration policies and regulations, Deputy Director, Finance Director, Personnel Director, Office. Clearly familiar with the people in these sectors, which in fact tantamount to the highway authority level cadres were directly replaced by executives of listed companies.