公司

We, the undersigned, being all of the incorporaors named in the certificate of incorporation of trading INC., do hereby waive all notice of the Incorporator of said corporation, and do hereby agree and consent that 01 july 2007 at 1:00 o'clock this pm, be and the same hereby fixed as the time and the attorney's office of the corporation at 45 john street ,suite 711,new york,new york 10038, as the place for holding the same; and that such business may be transacted thereat as many lawfully come before said meeting.

我们所有正在签约的公司在贸易交易公司被叫做INC 特此声明我们放弃关注这几家公司并且同意在2007年下午1点在纽约约翰大街45号（邮编10038）律师的办公室内开会，同时在哪里也许会有很多合法的相关人士到场。。我尽力了应该是挺准确的[回答 2] 我们，所有的incorporaors指定的公司开业证书的贸易公司，特此放弃所有的Incorporator通知说，谨在此了解并同意，于2007年7月1点，下午1：00，和相同的时间，现定的律师办公室的公司在45约翰街、套房711，纽约，纽约10038的场所，而这种相同的；商业可能成交如期来临前说许多依法会议。

Heating heating industry segment concentration Denmark top enterprises, APV company as the world's first invented the first type heat interchanger and promote fully automatic pump stations enterprises, will provide heat interchanger pump stations and for the assembly ;ABB owned companies will provide control, regulation, and the control system functional testing throughout the controller and transducer combination may both economic and efficient service to users; Denmark is the largest industrial companies in the world renowned manufacturer of control valves Danfoss Danfusi company will provide control valves and components; of the world's most famous construction company will provide pumps manufacturers Grundfos pumps, and water treatment equipment HYDRO-X companies.

供热部分集中了丹麦供热行业顶尖企业，APV公司作为世界上第一个发明板式换热器和最先推广全自动换热站的企业，将提供换热器并负责换热站的组装；ABB公司将提供拥有控制、调节、和检测全功能的控制系统，其控制器与变频器结合可既经济又高效地为用户服务；丹麦最大的工业品公司也是世界著名的控制阀制造商DANFOSS丹佛斯公司将提供控制阀及元件；世界上最著名的建筑业水泵制造商GRUNDFOS公司将提供水泵，并由HYDRO-X公司提供水处理设备。

Thus, should we own 10% of Corporation X with earnings of $10 million in 1980, we would report in our earnings (ignoring relatively minor taxes on intercorporate dividends) either $1 million if X declared the full $10 million in dividends;$500,000 if X paid out 50%, or $5 million, in dividends; or zero if X reinvested all earnings.

最后若是持股比例低于20%，则依照会计原则，投资公司仅能认列被投资公司实际发放的股利部份，至于保留而不发放的部份盈余则不予理会，也因此假若我们持有一家X 公司10%的股份，又假设X公司在1980 年共计赚了1，000万美金，若X公司将盈余全部发放，则我们可认列100万的利益，反之若X公司决定保留全部盈余不予发放，则我们连一毛钱都不能认列。

According to the results of empirical study, current relative corporate value is in inverse proportion to asset return ratio and asset liability ratio,and in direct proportion to equity interest and long term/short term liabilities;the growth potential of corporate value is in direct proportion to asset return ratio,and in inverse proportion...

实证结果表明，我国上市公司当前的相对价值与公司的资产报酬率以及资产负债比呈反比，而与公司的股东权益比、长短期负债比成正比。公司的价值成长能力与公司的资产报酬率成正比，而与公司的资产负债比、股东权益比、长短期负债比成反比。

Among which, there are cold-box core shooter, core-assembly robot and core-coating manipulator all from Hottinger Company of Germany; The sand preparation equipments are a German maid sand mixer form Eirich Company and a Swiss made Simpson double-chamber cooling device; For moulding, a fully automatic moulding line is imported from HWS Company of Germany; The melting equipments use medium-frequency induction furnace from Junker Company of Germany.

主要生产设备均为进口设备，其中制芯设备有德国Hottinger公司的冷芯盒射芯机、组芯机器人和浸涂机械手；砂处理设备主要有德国Eirich公司的混砂机和瑞士Simpson公司双盘冷却机；造型设备主要有德国HWS公司的静压自动造型生产线；熔化设备主要有德国Junker公司的中频感应电炉；清理设备主要有意大利Pangborn公司的机械手抛丸机；主要检测仪器有：真空真读光谱仪，红外碳硫仪，型砂在线检测仪等，具备高质量控制水平，产品质量处于国内同行领先地位，优于玉柴原来进口毛坯水平，替代进口。

At present, 3M, SC-Johnson, Wal-Mart, Johnson Group, Enpro, AKIYAMA KOGYO, Jahwa, Sanxiao Group etc. are on customer list.

目前，我们的客户包括美国3M 公司、SC-Johson 公司、Wal-Mart 公司、庄臣公司、恩宝公司、日本AKIYAMA KOGYO公司，以及上海家化股份有限公司和三笑集团有限公司等。

Data show that the first half of A-share listed company IPO financing amounted to 90.602 billion yuan, up 33 percent reduction; and the same period of corporate bonds and corporate debt issuance size and funding has increased the size of listed companies bond financing the first time, more than the stock market IPO financing lines have been issued during the 30 corporate bonds and 13 corporate bonds to raise funds a total of 92.95 billion yuan.

数据显示，A股上市公司上半年的IPO融资总额为906.02亿元，同比减少百分之三十三，以及公司债券同期发行公司债券的规模和资金，增加了上市公司融资债券的规模首次超过股市IPO融资线已在30和13个公司债券发行公司债券筹集资金的总额929.5亿元。

A financial maneuverer, invariably operating with large amounts of borrowed money, who plans to resell either to the public or to another corporation as soon as the time is favorable. Frequently, this buyer's major contribution will be to change accounting methods so that earnings can be presented in the most favorable light just prior to his bailing out. I'm enclosing a recent article that describes this sort of transaction, which is becoming much more frequent because of a rising stock market and the great supply of funds available for such transactions.

2第二类的公司是财务公司，大量运用所借来的资金，只要时机得当，总是准备随时将公司再卖给投资大众或是别的大企业，通常这类买主对公司最大的贡献就是改变公司的会计政策，使得公司盈余比以前看起来好看一点，如此一来使他得以用更好的价格脱手而出，附件是最近一篇有关这类交易的文章报导，由于最近股市热络所以这类的活动也相当频繁，同时这类的资金也相当充沛。

Www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism that their experiences will confirm the tendency of parent companies to take over the running of their subsidiaries, particularly when the parent knows the industry, or thinks it does.(2) A financial maneuverer, invariably operating with large amounts of borrowed money, who plans to resell either to the public or to another corporation as soon as the time is favorable. Frequently, this buyer's major contribution will be to change accounting methods so that earnings can be presented in the most favorable light just prior to his bailing out.

I'm enclosing a list of everyone from whom we have ever bought a business， and I invite you to check 44 (2)第二类的公司是财务公司，大量运用所借来的资金，只要时机得当，总是准备随时将公司再卖给投资大众或是别的大企业，通常这类买主对公司最大的贡献就是改变公司的会计政策，使得公司盈余比以前看起来好看一点，如此一来使他得以用更好的价格脱手而出，附件是最近一篇有关这类交易的文章报导，由于最近股市热络所以这类的活动也相当频繁，同时这类的资金也相当充沛。

That happens because the acquirer typically gives up more intrinsic value than it receives. Do that enough, says John Medlin, the retired head of Wachovia Corp., and "you are running a chain letter in reverse." Over time, the skill with which a company's managers allocate capital has an enormous impact on the enterprise's value. Almost by definition, a really good business generates far more money than it can use internally. The company could, of course, distribute the money to shareholders by way of dividends or share repurchases.

就长期而言，公司经理然滥用公司资金将会对企业的价值有很大的影响，我们认为一家好公司所能贡献出的现金，一定会超过其本身内部所需，而公司当然可以透过分配股利或买回股份的方式回馈给股东，但是通常企业的 CEO 会要求公司策略企划部门，顾问或是投资银行，做出购并一，两家公司的必要性报告，这样的做法就好象是问你的室内设计师，你是否应该增添一条五万美元的地毯。

Since historical times,England ,where the early inhabitants were Celts, has been conquered three times .

从有历史以来，英国，在此地早期居住的是凯尔特人，已经被征服了三次。

Bluetooth OBEX File Transfer Enables the sending and receiving of files on your phone via Bluetooth.

蓝牙OBEX文件移动允许经过蓝牙传送和接受文件。。。。