According to the Shanghai Securities News, the annual report released by China Coal Energy shows that China Coal’s 2011 capital expenditure plan has increased by more than 40% year-on-year, and the company plans to invest RMB 9.5 billion to build fertilizer projects.
The China Coal Energy Annual Report shows that due to the significant year-on-year growth in operating revenue of the coal business, the company achieved operating revenue of 71.268 billion yuan in 2010, an increase of 32.6% year-on-year; net profit of 6.909 billion yuan, an increase of 4.3% year-on-year; and earnings per share of 0.52 yuan. The company plans to distribute 1.5633 yuan (tax included) for every 10 shares.
In 2010, the company's coal business revenue increased by 36.5% year-on-year to 56.696 billion yuan, the operating revenue of coal coking business increased by 36.9% to 4.925 billion yuan, and coking sales revenue reached 4.073 billion yuan, a year-on-year increase of 674 million yuan. The operating revenue of the coal mining EQUIPMENT business increased by 23.7% year-on-year to 7.532 billion yuan.
In 2011, the company’s capital expenditure plan was 34.237 billion yuan, an increase of 45.7% year-on-year, of which the coal sector was planned to be 24.243 billion yuan, accounting for 71.1% of the total plan, and the coal chemical sector capital expenditure plan was 101.8% higher than the actual amount completed in 2010. The announcement of the company's external investment announced at the same time showed that the company plans to invest 9.51 billion yuan in the construction of a phase 1 large-scale fertilizer project with an annual output of 1 million tons of synthetic ammonia and 1.75 million tons of urea in the Ordos Tuoke Industrial Project Zone. The capital of the project is calculated as 30% of the total investment. The company plans to use its own capital to fund the investment. The rest of the project is to be resolved by bank loans and other debts.
The tandem bicycle or twin is a form of bicycle (occasionally, a tricycle) designed to be ridden by more than one person. The termtandem refers to the seating arrangement (fore to aft, not side by side), not the number of riders. A bike with two riders side by side is called a sociable.
Patents related to tandem bicycles date from the late 1890s.In approximately 1898, Mikael Pedersen developed a two-rider tandem version of his Pedersen bicycle that weighed 24 pounds, and a four-rider, or "quad", that weighed 64 pounds. They were also used in the Second Anglo-Boer War. Tandem popularity began to decline after WWII until a revival started in the late sixties. In the UK The Tandem Club was founded in 1971, new tandems came on to the market from the French companies Lejeune and Gitane, and in the USA Bill McReady founded Santana Cycles in 1976. Modern technology has improved component and frame designs, and many tandems are as well-built as modern high-end road and off-road bikes.
Tandems can have more than 2 riders - tandem refers to the arrangement of the riders one behind the other rather than the number of riders. Bicycles for three, four, or five riders are referred to as "triples" or "triplets", "quads" or "quadruplets", and "quints" or "quintuplets" respectively. One such familiar to UK TV viewers was the "trandem" ridden by The Goodies. Originally a 2-man tandem with an extra "dummy" seat attached, a full 3-man version was built for them by Raleigh.
Some designs such as the DaVinci can allow independent pedaling through the use of multiple freewheels. [4] In another design, the rear rider steers and propels the rear wheel with pedals, and the front rider propels the front wheel with both hands and feet.
Tandem Beach Cruiser Bikes, Beach Tandem Bike, Tandem Beach Bicycle
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