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(reporter Tang Gang) at the just concluded Wuzhen summit of 2021 World Internet Conference, China Telecom gave full play to the advantages of 5g + cloud network integration, did a solid job in cloud network operation, network information security and other communication support, built a solid Wuzhen network security wall with three-dimensional services, and guaranteed the communication network of the conference in the whole process. This is China Telecom's strong security strength The latest cases of service users.China Telecom booth of Wuzhen summit of 2021 World Internet Conference. Drawings provided by Zhejiang TelecomIn order to escort the development of digital economy, this year, China Telecom not only initiated and established the "Tianyi network information security industry alliance", but also successively listed and established Tianyi Security Technology Co., Ltd. and China Telecom Quantum Technology Co., Ltd., so as to continuously improve the enterprise network information security capability and become a strong security base to help the construction of network power and digital China.The security layout of China Telecom is becoming more and more perfectIn the annual "Wuzhen time", China Telecom launched four major network protection actions from the aspects of data security, network security, platform security and security operation and maintenance system, and the cloud network jointly did fine network information security protection.From the 2021 China Arab Expo held in Yinchuan, Ningxia, to the 14th National Games held in Xi'an, Shaanxi, and then to the Wuzhen summit held in Tongxiang, Zhejiang, China Telecom's cloud network security capability is as strong as ever, thanks to China Telecom's continuous efforts to build a security base.Recently, China Telecom and Hefei Municipal People's Government jointly hosted the first quantum industry conference. At the meeting, China Telecom Quantum Technology Co., Ltd. was officially unveiled. As the latest measure of China Telecom to accelerate the layout of quantum security industry, at this conference, China Telecom released innovative application achievements such as quantum secret phone, quantum Internet of things and quantum security cloud.China Telecom insists on putting security first. In order to create a good security ecology and promote the development and innovation of network information security industry in the field of information and communication, on March 26 this year, China Telecom and domestic well-known universities, scientific research institutions, network information security software and hardware system suppliers, service providers, system integrators and other industrial partners initiated the establishment of "Tianyi network information security industry alliance".In the process of building a service-oriented, science and technology-based and safety oriented enterprise, Tianyi Safety Technology Co., Ltd., a subsidiary of China Telecom, was established in Suzhou on September 2.China Telecom strengthens security and improves 5g application valueBoth Tianyi Security Technology Co., Ltd. listed in Suzhou and China Telecom Quantum Technology Co., Ltd. settled in Hefei show that China Telecom attaches importance to the security industry after returning to a shares.In the prospectus of China Telecom, the word "security" was mentioned in 761 places, including improving and strengthening security services, building the security capability of "cloud network integration" based on the network security advantages of operators, and repeatedly emphasizing the need to "consolidate the base of network and information security".In recent years, China Telecom has fully implemented the cloud to digital transformation strategy, built a digital platform and built a strong network security service capability through the combination of self research and cooperation. China Telecom has independently developed the "Yundi" network protection platform with full network coverage, and is accelerating the construction of products and services such as quantum secret calls, security lines and security housekeepers. In terms of individuals and families, it has realized end-to-end encrypted transmission of user calls, SMS and other communication information, so as to protect user information security in an all-round way; In terms of facing the government enterprise market, on the one hand, it can provide security support for Internet of things systems such as smart gas, smart city, smart Park, industrial Internet of things and Internet of vehicles. On the other hand, it can be widely used in government affairs, finance, medical treatment, enterprises and other fields to escort the development of China's digital economy in an all-round way.China Telecom makes every effort to build a safe enterpriseChina Telecom adheres to the strategic thought of becoming a network power and the overall national security concept as the guidance, and actively practices the original mission and responsibility of "building a network power and maintaining network information security".It is understood that China Telecom's security strategic vision is to guard Cyberspace Security and provide world-class services. Under this strategic vision, four general objectives are proposed: first, to be the defender of information infrastructure security and inject security genes into cloud network integration; Second, be the guardian of Qinglang cyberspace and build an information security firewall; Third, be an intelligent security service provider and provide core products and differentiated capabilities; Fourth, be a builder of network security ecology, cooperate and win-win, and create new momentum.Ke Ruiwen, chairman of China Telecom, said that China Telecom is the national team and main force in building a network power, digital China and maintaining network information security. Taking the A-share listing as an opportunity, China Telecom further integrates cloud network, users, talents and other resources, makes every effort to build a service-oriented, scientific and technological and security enterprise, and constantly meets the people's yearning for a better digital life.In the future, China Telecom will focus on the digitization of industry, life and governance, and strengthen infrastructure support, core technology empowerment and data security.

The core assets of XCMG group, including excavator, concrete machinery, mining machinery and tower crane, were injected into XCMG machinery (000425) and the draft was released. On the evening of September 29, XCMG machinery announced that the company planned to absorb and merge XCMG from all shareholders of XCMG group, Tianjin Maoxin, Shanghai Shengchao, Guoxin group and CCB investment. The listed company is the merging party and XCMG Co., Ltd. is the merged party. According to the asset appraisal report of XCMG Co., Ltd. issued by Tianjian Xingye and filed by Jiangsu SASAC, taking March 31, 2021 as the appraisal base date, the book value of all shareholders' equity of XCMG Co., Ltd. is RMB 16.739 billion, the appraisal value is RMB 41.039 billion, and the appraisal appreciation rate is 145.17%. Because XCMG Co., Ltd. paid a dividend of RMB 2.352 billion during the transition period of this transaction, the transaction consideration was correspondingly reduced on the basis of the subject evaluation results contained in the asset evaluation report of XCMG Co., Ltd. filed by Jiangsu SASAC. After all parties unanimously determined that the final transaction price of 100% equity of XCMG Co., Ltd. was RMB 38.686 billion, XCMG will pay all the transaction consideration of this transaction by issuing shares. According to the issue price of RMB 5.55/share, the number of shares issued is 6.97 billion. After this transaction, all XCMG machinery shares held by XCMG Co., Ltd. will be cancelled. Prior to the transaction, the company's main business was R & D, manufacturing, sales and service of hoisting machinery, shoveling machinery, compaction machinery, pavement machinery, piling machinery, fire fighting machinery, sanitation machinery and other engineering machinery and spare parts. After the completion of this transaction, the company will undertake and inherit all assets, liabilities, businesses, personnel and all other rights and obligations of the merged party XCMG Co., Ltd. the supporting assets for the production of construction machinery such as mining machinery, concrete machinery, mining machinery and tower crane will be injected into the listed company as a whole, which is conducive to optimizing the industrial structure and improving the industrial layout. In the future, the listed company will further improve its profitability and asset scale through excellent management experience, so as to provide a solid guarantee for the sustainable operation of the listed company. At present, the total share capital of the listed company is 7.834 billion shares. Without considering the cash option, the total share capital of the listed company after the completion of the transaction is 11.819 billion shares. Interestingly, before the asset placement, XCMG group held 38.11% equity of XCMG machinery through XCMG Co., Ltd. after the asset placement, the equity held by XCMG Co., Ltd. was cancelled, and XCMG group directly held 20.11% equity of XCMG machinery, which was diluted, which was related to the mixed reform launched last year. According to the announcement of XCMG machinery in September last year, XCMG Group signed equity transfer agreements with 3 state-owned holding enterprises such as Jiangsu Guoxin group with a total amount of 5.4 billion yuan, and XCMG Co., Ltd. signed capital increase agreements with 12 strategic investors and employee stock ownership platforms such as Shanghai Guosheng group with a total amount of 15.656 billion yuan. Among them, XCMG group transferred its 18.41%, 8.59% and 6.14% equity of XCMG Co., Ltd. to Jiangsu Guoxin group, CCB Financial Asset Investment Co., Ltd. and bocom Financial Asset Investment Co., Ltd. 12 strategic investors, including the national manufacturing transformation and upgrading fund Co., Ltd., increased their capital by 14.787 billion yuan, with a shareholding ratio of 46.28%. In addition, the ESOP platform invested 868.5 million yuan in XCMG Co., Ltd., accounting for 2.7183% of the company's equity after the capital increase.After the mixed reform, the shareholding of XCMG group decreased from 100% to 34.0988%. In this merger, the shareholder of XCMG Co., Ltd. became the direct shareholder of XCMG machinery. The announcement shows that after the completion of this restructuring, the core assets of XCMG group will be concentrated in the listed company XCMG machinery, so as to improve the company's competitive advantage, better participate in global competition, and accelerate to become an international top equipment manufacturing enterprise. After the completion of this absorption and merger, the listed company, as the surviving company, will inherit and undertake all assets, liabilities, businesses, personnel and all other rights and obligations of XCMG, and the legal personality of XCMG will be cancelled. XCMG machinery closed at 6.37 yuan yesterday, down 3.34%. The total market value is 49.9 billion yuan. According to the semi annual report, XCMG achieved a net profit of 3.8 billion yuan in the first half of the year, a year-on-year increase of 84.5%.The company's truck mounted crane, wheel crane, paver and other products are in the first place in the industry. XCMG's excavators rank among the top two in China. In 2020, the market share of XCMG excavator Co., Ltd. reached 15.9%, an increase of 1.8pct compared with 2019, ranking second in the industry. (editor in charge: Zhang Qianyu)

XCMG machinery announced that the company plans to increase capital of RMB 352 million to Xuzhou XCMG Environmental Technology Co., Ltd. (hereinafter referred to as XCMG environment), a wholly-owned subsidiary, for the construction of a new base of environmental sanitation industry.XCMG's 2021 interim report shows that the company's main revenue is 53.234 billion yuan, a year-on-year increase of 51.8%; The net profit attributable to the parent company was 3.803 billion yuan, a year-on-year increase of 84.46%; Deduction of non net profit of RMB 3.63 billion, a year-on-year increase of 79.2%; The debt ratio is 64.59%, the investment income is 314 million yuan, the financial expense is - 87.792 million yuan, and the gross profit margin is 15.8%.The chairman of the company is Wang min. Mr. Wang Min: born in 1954, Han nationality, CPC member, Chinese nationality, master's degree, professor level senior engineer, chairman and party secretary of Xuzhou Construction Machinery Group Co., Ltd. and XCMG Construction Machinery Co., Ltd., chairman, President and party secretary of XCMG Construction Machinery Co., Ltd., chairman of Xuzhou Heavy Machinery Co., Ltd, Chairman of Xuzhou XCMG Special Vehicle Co., Ltd., chairman of Xuzhou XCMG excavation machinery Co., Ltd., chairman of Xuzhou XCMG Investment Co., Ltd; From April 2017 to August 2017, he served as chairman and party secretary of Xuzhou Construction Machinery Group Co., Ltd. and XCMG Construction Machinery Co., Ltd., chairman and party secretary of XCMG Construction Machinery Co., Ltd., chairman of Xuzhou Heavy Machinery Co., Ltd., chairman of Xuzhou XCMG Special Vehicle Co., Ltd. and chairman of Xuzhou XCMG excavation machinery Co., Ltd, Chairman of Xuzhou XCMG Investment Co., Ltd; From August 2017 to December 2018, he served as chairman and party secretary of Xuzhou Construction Machinery Group Co., Ltd. and XCMG Construction Machinery Co., Ltd., chairman and party secretary of XCMG Construction Machinery Co., Ltd., chairman of Xuzhou Heavy Machinery Co., Ltd., chairman of Xuzhou XCMG Special Vehicle Co., Ltd. and chairman of Xuzhou XCMG Investment Co., Ltd; From December 2018 to September 2019, served as chairman and party secretary of Xuzhou Construction Machinery Group Co., Ltd. and XCMG Construction Machinery Co., Ltd., chairman and party secretary of XCMG Construction Machinery Co., Ltd., chairman of Xuzhou Heavy Machinery Co., Ltd. and chairman of Xuzhou XCMG special vehicles Co., Ltd; From September 2019 to June 2020, served as chairman and party secretary of XCMG Construction Machinery Co., Ltd., chairman and party secretary of XCMG Construction Machinery Co., Ltd., chairman of Xuzhou Heavy Machinery Co., Ltd. and chairman of Xuzhou XCMG Special Vehicle Co., Ltd; From June 2020 to December 2020, he served as chairman and party secretary of XCMG Construction Machinery Co., Ltd., chairman and party secretary of XCMG Construction Machinery Co., Ltd., chairman of Xuzhou Heavy Machinery Co., Ltd., chairman of Xuzhou XCMG Special Vehicle Co., Ltd. and chairman of Xuzhou XCMG Agricultural Equipment Technology Co., Ltd.