【正文】 nd insurance group.III. Operational PerformanceSince its establishment Huatai has expanded its insurance business steadily, achieved sound development, reported remar kable operational performance in investment business and bee a leader in the insurance industry. It has maintained a stable profit rate and dividend rate, and provided satisfactory investment returns for its shareholders.為了有效規(guī)避與分散風(fēng)險(xiǎn)，公司注重與國(guó)內(nèi)保險(xiǎn)業(yè)同行保持密切聯(lián)系，逐步建立起大項(xiàng)目、高風(fēng)險(xiǎn)業(yè)務(wù)的共保合作機(jī)制。三、經(jīng)營(yíng)業(yè)績(jī) 華泰保險(xiǎn)公司自成立以來(lái)，保險(xiǎn)業(yè)務(wù)穩(wěn)健經(jīng)營(yíng)，健康發(fā)展；投資業(yè)務(wù)經(jīng)營(yíng)業(yè)績(jī)突出，在業(yè)內(nèi)居領(lǐng)先地位；公司保持著穩(wěn)定的盈利和分紅水平，為股東提供滿(mǎn)意的投資回報(bào)。華泰是國(guó)內(nèi)首家外資參股的財(cái)產(chǎn)保險(xiǎn)公司，美國(guó)ACE保險(xiǎn)集團(tuán)作為公司重要股東和戰(zhàn)略合作伙伴，為公司提供了多方面的支持和協(xié)助，使華泰的管理技術(shù)和經(jīng)營(yíng)水準(zhǔn)向國(guó)際化標(biāo)準(zhǔn)靠攏。在變化的市場(chǎng)中保持了清醒的頭腦，扎實(shí)推進(jìn)戰(zhàn)略轉(zhuǎn)型，取得了明顯的成果和良好的經(jīng)營(yíng)效益。公司通過(guò)多渠道的對(duì)外交流，引進(jìn)先進(jìn)的管理經(jīng)驗(yàn)和技術(shù)，促進(jìn)了業(yè)務(wù)發(fā)展和經(jīng)營(yíng)水平的提高。an,Chengdu,Shenyang,Hangzhou,Kunming,Shijiazhuang, Shenzhen, Qingdao, Dalian, Suzhou, Foshan, Shaoxing,Yantai and Yuxi. Via strict operating management, it exercises vertical management of its subsidiaries.V. Key Underwriting ProjectsHuatai is one of the creators of both the China Space Insurance Pool and the Nuclear Insurance Pool. Since its establishment seven years ago, it has underwritten many satellite launch projects and nuclear power projects, which has displayed its strength and enhanced its prestige.Huatai has underwritten a number of influential key project and property insurance projects. Included are the Beijing Light Rail, the ShanxiBeijing natural gas supply pipeline, a huge dam in Sudan, the Beijing CBD Fortune Plaza, the Guohua power project, the office building of the State Tobacco Monopoly Bureau, the Jinmao Tower in Shanghai, the project of the China National Offshore Oil Corporation, the Shanghai Pudong Steel Group, the CCTV livebroadcasting projects (for the celebration of the 50th anniversary of the founding of New China, the return of Macao to the motherland and Sydney Olympic Games, etc.), the Shanghai General Motor Company.In order to effectively ward off and share risks, Huatai has taken great heed of maintaining close relations with its domestic colleagues, and has gradually established a joint insuring cooperative mechanism for big projects and highrisk business. It has also maintained multidirectional business cooperation relations with many financiallystrong domestic and foreign reinsurance panies.VI. Investment BusinessThe year 2003 saw a sharp rise in investment market risks, a plunge in the bond market and fluctuations in the stock market. The Huatai Investment Management Center accurately and promptly felt the market pulse, resolutely adjusted its investment tactics, made scientific decisions, pursued steady operations, and successfully warded off market risks. Meanwhile, it vigorously sou