英译中翻译项目.doc

测试声明： 因英译中稿件量增多，主要是以下翻译领域，需要同更多的译员合作，故招募以下翻译领域的兼职译员： 1. 测试时间：2014年2月10日 — 2014年2月16日上午10点 2. 可任意挑选一个或几个、一类或几类、自己擅长的翻译领域来试译；所选领域越多，翻译的机会可能也越多。 3. 试译后，对不合格的译员或水平较低的译员，因试译人数较多和时间关系，不再予以任何回复。 4. 试译后，对水平较高的译员，我会主动联系的。 5. 本试译只针对水平较高的译员，翻译公司或翻译团队请不要试译；水平较低的译员，也不要试译。 6. 因下列文段不是很难，可以说是很简单，所以，在评审时，要求的可能比较严格，所以，试译时请严格注意措辞。 希望同意上述6点的群内译员多提建议，多多转发，多多上传，多多宣扬，在此多多谢过！ 不同意上述6点的人员，敬请不要热嘲冷讽，不要妄言贬抑，不要猜疑臆断，可以直接屏蔽之，可以直接忽略之。 试译完可把试译稿（连同本人中文简历）发送到849909058@ 这个邮箱中。 财经测试1： Summary GM went public again in late 2010, 16 months after emerging from bankruptcy protection. Highlights Global vehicle sales and production should rise in 2011, and GMs revenues should advance about 11%. Profit margins should benefit from the improved volume and expected reduced incentives needed due to competitors production stoppages, partly offset by a weaker mix and higher raw material costs. Currency could be a wild card, but would likely have only a modest impact on profits. Despite an improved balance sheet, GM still faces claims on its cash for items such as unfunded pension obligations. Also, with its reduced cost structure of fewer employees, wage reductions and fewer plants and brands, we see GM poised to benefit from the expanded U.S. and global vehicle demand that we expect. Investment Rationale/Risk We think the companys IPO will remove some of the stigma of the 2009 government bailout and bankruptcy filing. More importantly, we believe GM has shrunk its North American production footprint and cost structure to be profitable through the next demand cycle. Risks to our recommendation and target price include higher gasoline prices, weaker than- expected demand for GM vehicles, and increased need for incentives. Future sales of stock by major shareholders also pose a risk. As of June 30, 2011, the company reported total stockholders equity of $41.1 billion. Based on historical and peer multiples, we apply a multiple of 7.8X to our 2012 EPS forecast of $5.14 to arrive at our 12-month target price of $40