电话会议仅服务于华安证券研究所白名单客户本次会议在任何情形下都不构成对会议参加者的投资建议相关人员应自主作出投资决策并自行承担投资风险华安证券不对任何人因使用会议内容而引致的任何损失 根据那个金门助理的提示直接提问就可以了台军助理请帮我们播报一下提问的方式吧大家好如需提问您可以在直播间互动区域内文字提问或点击旁边的举手按钮申请语音提问谢谢大家好如需提问电话端的参会者请先按话机上的信号键再按数字1 一块收入的百分之六十多了想问一下整个这块的经营利润率大概是一个什么水平感谢提问是这样子的我们领部建这块呢上通五的占比到今年中期是62%那这个比例其实是一直在下降的我们之前可能大概21年的时候大概在75%左右然后目前一直是逐渐在下降的一个状态 多年以来我们对于上通五因为上通五的一些车型它可能本身售价会偏低一些当然他们现在也开始往中高端的方向去做产品对于他们的一些相对价格比较低的车型的话我们的利润率可能相对会比较薄一些目前我们对上通五的占比是一直在往下的一些新的客户包括像长城这些已经 高端的车型啊我们给他们配的产品的利润率会比较好一些哦明白明白哎刚刚您提到就是说就是长城吗该怎么这个占比大概到了10%而且都配的是坦克的他那 ...

INTERIM REPORT 2024 二零二四年中期報告 WULING MOTORS HOLDINGS LIMITED 五菱汽車集團控股有限公司 五菱汽車集團控股有限公司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） 香港聯交所股份代號 INTERIM REPORT 2024 GROW AND INSPIRE WITH LIMITLESS INNOVATION GLOBAL AND INTELLIGENCE CORPORATE PROFILE Wuling Motors Holdings Limited ("Wuling Motors" or the "Company") and its subsidiaries (collectively referred to as the "Group") are principally engaged in the businesses of trading and manufacturing of commercial vehicles assembly, automotive c ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 截至六月三十日止六個月 二零二四年 二零二三年 附 註 人民幣千元 人民幣千元 五菱汽車集團控股有限公司 WULING MOTORS HOLDINGS LIMITED (於百慕達註冊成立之有限公司)(凝分代或 Stock Code : 305) 截至二零二四年六月三十日止六個月之 中期業績公佈 五 菱 汽 車 集 團 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）謹 此 宣 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 未 經審核中期業績連同二零二三年同期的比較數據。此中期業績未經審核， 但已由畢馬威會計師事務所按照香港會計師公會頒佈之香港審閱工作 準則第2410號「實 體 之 獨 立 核 數 師 對 中 期 財 務 資 料 之 審 閱」 ...

加速向新能源汽车领域扩展 • 五菱汽车的商用及微小型专用载具行销全球，并已実现新能源及智能化。 • 预测 FY23A-FY26F 期间，五菱汽车总收入 3 年复合增将率将达 6.0%，基于估计五菱的经营利润率 由 FY23A 的 0.7%提升至 FY26F 的 2.3%，估计五菱汽车的税前盈利及股东应佔溢利 FY23A-FY26F 期间 3 年复合增将率将分别达到 54.3%及 83.9%。 五菱汽车 五菱汽车拥有质量俱备的新能源客户群，当中包括比亚迪、奇瑞汽车、吉利汽车、长城汽车、 福田汽车及哪吒汽車等综合整车企业巨头或新興新能源车企业。而其主要客户上汽通用五菱旗 下拥有 10 多款新能源车型，定位瞄准下沉市场。 预测 FY23A-FY26F 期间，五菱汽车总收入 3 年复合增将率将达 6.0%，基于估计五菱的经营利 润率由 FY23A 的 0.7%提升至 FY26F 的 2.3%，估计五菱汽车税前盈利及股东应佔溢利 FY23AFY26F 期间 3 年复合增将率将分别达到 54.3%及 83.9%。 五菱汽车 其向客户提供汽油机缸体毛坯、气缸盖毛坯等汽车发动机及动力系统铸造件产品。五菱汽车装 备了 6 条年 ...

还能够保持一种盈利所以的话就是说我们在这一方面的一些控制方面都有比较足的一个经验谢谢好的那接下来我们问下面一个问题公司未来对新能源车行业做了哪些布局我们在这个新能源车方面的话其实的话我们还是分几个板块吧第一个板块的话就是这个零部件 那零部件的话就说我们在这个方面的话这几年投入也比较大一点像我们的这个电驱动桥也是这个国内第一家上百万吨的这个企业 那同时的话就是在这个动力这一块的话我们的话就是不但有布局了电机电控那同时的话对于这个增程式的包括混合动力的系统的各个方面其实我们都这几年的话都做了很大的一个投入我们也提出了在2025年末我们的在新能源零部件板块这个占比的话要达到我们 50%的一个目标那去年的话我们在这个电驱动桥包括这些一些主要核心的这个部件的话我们达到了40%的一个电动化的一个目标那在新能源整车方面的话其实这个也是我们这几年最大的一个投入了那从这个2021年我们投入的这个新能源整车公司 那到现在新联邦整车公司的话主要还是以新能源三轮物流车为主了这里面有三个平台三米到四米四米到五米包括五米到六米这个从这个微面到这个中面从这个微卡到这个轻卡以整个系列的新能源的这个整车方面都做了这个这个公司的话我们只生产新能 ...

Financial Performance - Total annual revenue for 2023 was RMB 10,483,933,000, a decrease of 16.8% compared to the previous year[3] - Gross profit for the year under review was RMB 1,036,999,000, representing a 14.1% improvement compared to the previous year, with the gross profit margin improving to 9.9% from 7.2%[119] - The Group reported a net profit of RMB 69,456,000 for the year ended December 31, 2023, a 73.5% increase compared to the previous year, with profit attributable to the owners of the Company improving to RMB 23,477,000, a 3.8% increase[122] - Basic earnings per share for the year ended December 31, 2023, was RMB 0.71 cent, marking a continuous improvement compared to the previous year's RMB 0.69 cent[122] - Net profit for the year ended December 31, 2023, was RMB 69,456,000, a 73.5% increase compared to the previous year's net profit of RMB 40,038,000[123] - Profit attributable to owners of the company improved to RMB 23,477,000, a 3.8% increase from the previous year's RMB 22,611,000[123] - Other income for the year ended December 31, 2023, totaled RMB 214,407,000, maintaining a similar level to the previous year[124] - Net profit attributable to joint ventures for the year ended December 31, 2023, was a total net loss of RMB 3,116,000[126] - Gross profit for the year ended December 31, 2023, was RMB 1,036,999,000, a significant increase of 14.1% compared to the previous year[138] - Basic earnings per share for the year ended December 31, 2023, were RMB 0.71 cents, an improvement from the previous year's RMB 0.69 cents[139] Revenue by Division - Automotive components division achieved revenue of approximately RMB 6,129,795,000 in 2023, representing a slight increase of 1.4% compared to the previous year[7] - Vehicles' power supply systems division achieved revenue of approximately RMB 2,479,958,000 in 2023, a decrease of 14.4% compared to the previous year[20] - Total revenue of the automotive components and other industrial services division reached RMB 6,129,795,000, a slight increase of 1.4% compared to the previous year, driven by growth from new customers despite a challenging competitive environment[30] - The commercial vehicles assembly division's revenue decreased significantly by 49.2% to RMB 1,838,271,000 in 2023, with vehicle sales dropping 50.0% to 33,800 units due to unfavorable economic conditions and strategic repositioning[50] - Wuling New Energy achieved total revenue of RMB785,475,000 in 2023, representing a 63.6% increase compared to the previous year[69] - The joint venture Weixiang registered total revenue of RMB504,721,000 in 2023, a 16% year-on-year decrease, with net operating profit down 33.6% to RMB8,393,000[72] - FL Seating's total revenue decreased by 10.9% to RMB 275.562 million in 2023, with an operating loss of RMB 36.489 million, of which RMB 18.245 million was attributable to the Group[85] - FL Emission's total revenue decreased by 16.6% to RMB 384.273 million in 2023, but net operating profit increased by 105% to RMB 4.798 million, with RMB 2.399 million attributable to the Group[90] - Guangxi Weixiang Machinery's total revenue decreased by 16% to RMB 504.721 million in 2023, with net operating profit decreasing by 33.6% to RMB 8.393 million, of which RMB 4.196 million was attributable to the Group[99] - Wuling New Energy achieved total revenue of RMB 785,475,000, a 63.6% increase compared to the previous year, but recorded a net operating loss of RMB 298,110,000, with the Group's share of the loss at RMB 79,774,000[105] - FL Interior, a joint venture with Faurecia Group, recorded total revenue of RMB 369,991,000, a slight increase of 1% compared to the previous year, and net operating profit surged by 121% to RMB 42,368,000, with the Group's share of profit at RMB 21,184,000[114] Sales Performance - Engine sales volume reached 246,000 units in 2023, an increase of 7.0% year-on-year[20] - Casting parts sales reached 940,000 units in 2023, exceeding the original budget and increasing by approximately 35% compared to the previous year[20] - Sales to other customers (including engines and engine block components) increased moderately to approximately RMB 1,137,432,000, accounting for about 45.9% of the division's total revenue[23] - Sales to core customer SAIC-GM-Wuling amounted to approximately RMB 1,342,526,000, a decrease of about 25.3% compared to the previous year[24] - The engine sales, including those for hybrid systems, reached approximately 246,000 units, a 7.0% increase year-on-year, primarily driven by new engines for fuel vehicles[38] - The casting parts sales grew by 35% to 940,000 units in 2023, supported by the launch of a new 600,000 cylinder head blank production line[40] - Wuling New Energy sold over 10,000 new energy vehicles in 2023, primarily from the G100 model series[67] Strategic Initiatives and Future Plans - The Group aims to exceed 50% of its business from the new energy vehicle segment in the future[13] - The Group successfully obtained business from South Korea's Hyundai Motor, leading to steady increases in business volume[7] - The Group launched the first domestic ultra-high-strength steel pipe hot air inflation molding production line, which started commercialization in 2023[7] - The Group has established production facilities in Jingmen, Hubei, with over 50% of products sold in 2023 supporting new energy vehicle models, indicating strong future business potential[32] - The Group has a comprehensive annual production capacity of over 2 million sets of automotive components, with factories in Guangxi, Shandong, Chongqing, and Hubei[31] - The automotive components division is focusing on medium- and high-end vehicle transformation and new energy vehicles, optimizing customer structure and product quality[45] - The Group has developed new commercial vehicle models, including electric logistics vehicles and refrigerated trucks, to meet market demand and regulatory standards[34] - The Group is actively expanding overseas business and improving global operating capabilities, aiming to enhance core competitiveness and market valuation[41] - The Group's commercial vehicles assembly division plans to focus on market segmentation, specialization, and developing high-value products to enhance profitability[75] - The Group plans to deepen cost control measures, optimize supplier and manufacturing systems, and implement strategies to reduce costs and increase efficiency, aiming for greater profit margins[107] - The Group aims to enhance its core competitiveness, accelerate the development of new productive forces, expand overseas business, and improve global operational capabilities in 2024[118] Overseas Operations - The Group's overseas production plant in Indonesia generated profitable results in 2023, benefiting from growing customer demand[56] - The Group's production plant in India maintained profitability in 2023, despite a smaller scale of operation[56] - The Group's exposure to exchange rate fluctuations is considered reasonable, with ongoing monitoring of foreign exchange risks[175] Joint Ventures and Subsidiaries - The joint venture Weixiang registered total revenue of RMB504,721,000 in 2023, a 16% year-on-year decrease, with net operating profit down 33.6% to RMB8,393,000[72] - Wuling New Energy launched several new models in 2023, including the G050 electric logistic vehicle and the Lingshi Gold Card plug-in hybrid small card[67] - Wuling New Energy incurred a net operating loss of RMB298,110,000 in 2023, with a loss attributable to the Group of RMB79,774,000[69] - Wuling New Energy completed a fundraising exercise totaling RMB 390 million in January 2024, with RMB 360 million contributed by third-party investors and RMB 30 million by the company[82][83] - FL Seating's total revenue decreased by 10.9% to RMB 275.562 million in 2023, with an operating loss of RMB 36.489 million, of which RMB 18.245 million was attributable to the Group[85] - FL Emission's total revenue decreased by 16.6% to RMB 384.273 million in 2023, but net operating profit increased by 105% to RMB 4.798 million, with RMB 2.399 million attributable to the Group[90] - Guangxi Weixiang Machinery's total revenue decreased by 16% to RMB 504.721 million in 2023, with net operating profit decreasing by 33.6% to RMB 8.393 million, of which RMB 4.196 million was attributable to the Group[99] - FL Interior, a joint venture with Faurecia Group, recorded total revenue of RMB 369,991,000, a slight increase of 1% compared to the previous year, and net operating profit surged by 121% to RMB 42,368,000, with the Group's share of profit at RMB 21,184,000[114] - The joint venture with American Axle & Manufacturing, Meiqiao, recorded a net operating loss of RMB 6,474,000, with the Group's share of the loss at RMB 3,237,000, and discussions are ongoing for restructuring plans[116] Operational Costs and Expenses - General and administrative expenses for the year ended December 31, 2023, were RMB 498,263,000, a moderate increase of 2.1% compared to the previous year[127] - Research and development expenses for the year ended December 31, 2023, amounted to RMB 306,556,000, a decrease of 4.0% compared to the previous year[127] - Finance costs for the year ended December 31, 2023, were RMB 120,508,000, an increase of 3.1% compared to the previous year[127] - Selling and distribution costs increased by 20.0% to RMB139,653,000 for the year ended 31 December 2023, driven by higher warranty expenses from new product launches[143] Financial Position and Liabilities - Total assets and total liabilities as of December 31, 2023, stood at RMB 15,050,774,000 and RMB 12,100,067,000, respectively[127] - Current liabilities amounted to RMB11,025,659,000, including trade and other payables of RMB6,169,357,000 and bank borrowings due within one year of RMB1,276,201,000[146] - Net current liabilities decreased to RMB477,071,000 as of 31 December 2023 from RMB932,681,000 in 2022, primarily due to raising long-term bank borrowings[146] - Non-current liabilities amounted to RMB1,074,408,000, mainly comprising bank borrowings of RMB1,034,598,000[146] - Total equity attributable to shareholders was RMB1,934,858,000 as of 31 December 2023, with a net asset value per share of approximately RMB58.7 cents[149] - The Group had no contingent liabilities as of 31 December 2023[151] - The Group has outstanding commitments for the acquisition of property, plant, and equipment amounting to RMB 174,987,000 as of December 31, 2023, compared to RMB 222,832,000 in 2022[159][160] - The Group holds bank loans and payables equivalent to RMB 79,544,000 in HKD and USD, and bank deposits and receivables equivalent to RMB 94,616,000 in HKD, USD, and IDR as of December 31, 2023[158] - The Group has no contingent liabilities as of December 31, 2023, compared to none in 2022[159][160] - The Group's cash at bank balances (including pledged bank deposits) increased by 21.8% to RMB 3,145,792,000 as of December 31, 2023, compared to the previous year[177] - Total bank borrowings amounted to RMB 2,310,799,000 as of December 31, 2023, with RMB 1,034,598,000 having repayment terms of more than one year[177] - The Group discounted total bills receivables amounting to approximately RMB 6,864,858,000 during the year to fund daily operations, with RMB 226,255,000 discounted to Guangxi Automobile[177] - Bank deposits and bills receivable discounted with recourse pledged to banks and Guangxi Automobile amounted to RMB 528,997,000 and RMB 3,263,321,000, respectively, as of December 31, 2023[180] - The Group's total equity attributable to owners of the Company was RMB 1,934,858,000 as of December 31, 2023, with a net asset value per share of approximately RMB 0.587[178] - The Group maintained Hong Kong dollar, United States dollar, and Indonesian rupiah bank deposits and receivables equivalent to RMB 79,544,000 and RMB 94,616,000, respectively, as of December 31, 2023[175] - The Group's outstanding advances drawn on bills receivable discounted with recourse decreased moderately to RMB 3,274,069,000 as of December 31, 2023[177] - The Group's financial strategy focuses on maintaining a healthy financial position, including monitoring liquidity, foreign exchange exposures, and market conditions[174] - The Group's net current liabilities and gearing ratio are managed to sustain a financially healthy position amidst industry risks[174] Management and Leadership - Mr. Song, aged 38, was appointed as the chief executive officer of the Company on 29 March 2023[192] - Mr. Li Zheng, aged 80, was appointed as a Non-executive Director on 24 August 2022 and has over 50 years of experience in physics, biomedical engineering, and international finance[197] - Mr. Ye, aged 60, was appointed as an Independent Non-executive Director on 10 October 2008 and has more than 20 years of experience in the monetary and finance industry[198]

截至二零二三年十二月三十一日止年度之 末期業績公佈 綜合財務狀況表 於二零二三年十二月三十一日 因 此，本 公 司 董 事 相 信 以 持 續 經 營 基 準 編 製 綜 合 財 務 報 表 屬 恰 當，毋 須 包 括 任 何 於 本 集 團 在 未 能 滿 足 持 續 經 營 條 件 下 所 需 計 入 之 調 整。 香港會計準則第12號（修 訂 本），「所 得 稅：國 際 稅 項 改 革 — 支 柱 二 立 法 模 板」 報 告 分 部 損 益 所 用 的 計 量 方 法 為「經 調 整EBIT」，即「經 調 整 除 息 稅 前 盈 利」，其 中 「息」指 融 資 收 入╱成 本。為 計 算 經 調 整EBIT，本 集 團 的 盈 利 經 並 非 特 定 歸 於 個 別 分 部 的 項 目 進 一 步 調 整，例 如 銀 行 利 息 收 入、匯 兌 虧 損 淨 額、分 佔 聯 營 公 司 及 合 資 公 司 業 績、按 公 平 值 計 入 損 益 之 金 融 工 具 之 公 平 值 變 動，以 及 其 他 總 部 或 公 司 行 政 成 本。 | --- | --- | --- | --- | |---- ...

WULING MOTORS HOLDINGS LIMITED / INTERIM REPORT 2023 的發展步伐。期內，五菱新能源售出約4,700 輛新能源汽車，主要貢獻為G100系列車輛。 受惠於在國內及國際市場成功推出新車型 G050、菱勢黃金卡等，預計二零二三年下半 年銷量將大幅增加。 Faurecia (Liuzhou) Automobile Seating Co., Limited ("FL Seating") which is owned as to 50% each by Wuling Industrial and Faurecia Group for pursuing the business of car seat products in the PRC has entered into the sixth year of operation in 2023. The cooperation with Faurecia Group, being a global leading manufacturer in the business of automotive parts and co ...

五菱汽車集團控股有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 WULING MOTORS HOLDINGS LIMITED (於百慕達註冊成立之有限公司)(凝分代或 Stock Code : 305) 截至二零二三年六月三十日止六個月之 中期業績公佈 五 菱 汽 車 集 團 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）謹 此 宣 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 未 經審核中期業績連同二零二二年同期的比較數據。此中期業績未經審核， 但已由畢馬威會計師事務所按照香港會計師公會頒佈之香港審閱工作 準則第2410號「實 體 之 獨 立 核 數 師 對 中 期 財 務 資 料 之 審 閱」進 行 審 閱，而 其 獨 立 審 閱 報 告 將 刊 載 於 即 將 寄 交 ...

Production Capacity and Facilities - The Group completed the restructuring and capital increase for Wuling New Energy, which now has a production capacity of 200,000 units per year and occupies an area of approximately 550,000 square meters[5] - The Group's production facilities in Liuzhou, Qingdao, and Chongqing have a combined annual production capacity exceeding 2 million sets/units of automotive components[14] - The Group's production plant in India maintained profitability in 2022, focusing on automotive component business for a renowned PRC car manufacturer[13] - The Group's new energy vehicle business segment is supported by advanced automated production lines for welding, painting, and final assembly[5] - The company's overseas production facilities in Indonesia and India achieved satisfactory performance in 2022, with the Indonesian plant continuing to profit due to local demand growth[40] - The company's main production facilities are located in Liuzhou, Qingdao, Chongqing, India, and Indonesia[127] Financial Performance - The vehicles' power supply systems division recorded a revenue increase to RMB 2,896,038,000 and an operating profit of RMB 30,155,000 in 2022[10] - Total revenue of the automotive components and other industrial services division for the year ended 31 December 2022 was RMB6,047,688,000, representing a decrease of approximately 15.0% compared to the previous year[39] - Revenue for 2022 was approximately RMB 12,595,607,000, representing a decline of approximately 12.6% compared to the previous year[99] - Net profit for 2022 was RMB 40,038,000, with profit attributable to owners of the company at RMB 22,611,000[99] - Revenue for 2022 was RMB 12,595,607 thousand, a decrease from RMB 14,408,507 thousand in 2021[160] - Profit before tax for 2022 was RMB 46,597 thousand, compared to a loss of RMB 45,914 thousand in 2021[160] - Net profit attributable to the owner of the company for 2022 was RMB 22,611 thousand, compared to a loss of RMB 24,148 thousand in 2021[160] - Total assets as of 31 December 2022 were RMB 15,545,416 thousand, an increase from RMB 15,021,524 thousand in 2021[160] - Net assets attributable to the owner of the company as of 31 December 2022 were RMB 1,913,112 thousand, compared to RMB 1,880,635 thousand in 2021[160] - The fair value of investment properties decreased by RMB 1,745 thousand in 2022, compared to a decrease of RMB 12,543 thousand in 2021[161] Cost Control and Operational Efficiency - The Group aims to optimize cost control, enhance operational efficiency, and implement measures to reduce procurement and manufacturing costs[9] - The company developed and released a series of industrial software to enhance operational efficiency and management effectiveness[105] Product Development and Market Expansion - The Group has diversified its product portfolio by developing motors and electronic controls for external markets, including SAIC Maxus, Dongfeng Motor, and Changan Automobile[10] - The Group aims to accelerate product transformation and upgrading through deepening cooperation with world-renowned enterprises, focusing on lightweight, electrification, and intelligent development, and advancing into the high-end passenger vehicle supporting field[81] - The Group plans to promote the launch of new energy electric logistics vehicle series, including models G200 and G105, to create market opportunities[81] - The Group has developed higher quality and more functional commercial vehicles, such as side-opening micro-vans, electric logistics vehicles, and refrigerated trucks, to meet market demand and enhance regulatory standards[97] - The company successfully entered the US and Japanese markets with its new energy light logistics vehicles, becoming the first Chinese company to export such vehicles to the US[103] - The company plans to accelerate the transformation and upgrade of its products towards lightweight, electric, and intelligent solutions[111] - The company aims to enter the high-end component and part supply market through the development of high-tech flagship products[111] - The company is accelerating the launch and promotion of new energy electric logistics vehicle models, such as G200 and G105[111] - Wuling Motors Holdings has sold over 20,000 electric logistic vehicles since 2020 and expanded its distribution network to over 130 dealerships nationwide[149] - The company has extended its products to overseas markets, including Japan and the United States, with expected growth in sales volume in the coming years[149] - The new energy vehicle segment achieved significant breakthroughs, selling over 20,000 electric logistics vehicles since 2020 and establishing a nationwide dealer network with over 130 dealers[194] ESG and Corporate Governance - The Group's ESG report discloses the gender ratio in the workforce as of 31 December 2022, with no specific targets set for gender diversity[32] - The Group's internal control and risk management systems were reviewed, with no significant control failures or deficiencies identified[28] - The Group's nomination committee held two meetings in 2022 to review board appointments and recommend candidates based on meritocracy[21][19] - The company has established a Board Diversity Policy, aiming to appoint a female director with suitable skills and experience by the end of 2024[57] - The company is currently developing relevant recruitment and selection procedures, expected to be implemented within the year[57] - The company's internal audit department reviewed and approved the audit scope and plan for the year ended 31 December 2022, focusing on higher potential risk areas[52] - The company has implemented management measures for supervision, employee discipline, and anti-corruption to strictly manage the behaviors of directors and employees[53] - The Board is responsible for maintaining an adequate internal control and risk management system to safeguard shareholder investments and the Group's assets, reviewing its effectiveness annually with the participation of the Audit Committee[69] - The Group's dividend policy outlines the principles and guidelines for distributing dividends to shareholders, ensuring alignment with the Company's financial health and strategic goals[74] - The Group has established written guidelines and policies for securities transactions by employees likely to possess unpublished price-sensitive information, ensuring compliance with the Model Code[67][68] Financial Transactions and Capital Management - The company's external auditor, KPMG, received remuneration for audit and non-audit services provided to the Group for the year ended 31 December 2022[51] - The company successfully placed 223,000,000 shares at HK$2.47 per share, representing approximately 6.76% of the issued share capital[145] - Wuling Motors Holdings completed a capital reorganization, consolidating 1,521,400,000 convertible preference shares into 380,350,000 ordinary shares[136] - The company's substantial shareholders, including Wuling Motors (Hong Kong) Holdings Limited, hold 56.54% of the issued share capital[142] - Wuling Motors Holdings adopted a share option scheme on 10 November 2021 to incentivize employees and align interests with long-term development[150] - The company's net proceeds from the share placement and subscription were used to strengthen its financial position and support future growth[148] - The net proceeds from the Subscription amounted to approximately HK$537.8 million, with HK$300 million (55.8%) allocated for R&D projects of new model electric logistic vehicles, HK$95 million (17.7%) for repayment of short-term borrowings, and HK$142.8 million (26.5%) for future business development or investments[195] - The Company's net Subscription Price, after deducting commission, fees, costs, and expenses, was estimated to be approximately HK$2.41 per Subscription Share[195] R&D and Innovation - The company utilized HK$300.0 million of net proceeds for R&D projects of new model electric logistic vehicles as of 31 December 2022[167] - The related amount incurred by Wuling Industrial on the R&D Projects up to 31 December 2021 was RMB144.7 million (equivalent to approximately HK$174.8 million)[170] - The unutilised Net Proceeds of approximately HK$125.2 million will be fully utilised on the R&D Projects on or before 31 December 2022[170] - The Company intended to apply RMB55.6 million (equivalent to approximately HK$65.6 million) as part of its capital contribution to Wuling New Energy upon completion of the Capital Increase[187] - The Company plans to forge a new energy vehicle business segment by investing in Wuling New Energy, focusing on R&D, manufacture, and sale of new energy vehicles in the PRC[170] - The balances out of the Net Proceeds earmarked for R&D Projects and capital contribution to Wuling New Energy had been fully utilized as at 31 December 2022[170][187] Market and Industry Outlook - The company is optimistic about the potential of the automotive industry in Indonesia, given the country's large population and recent positive economic development[40] - The company expects continued pressure on production and operation in 2023 due to the post-COVID-19 pandemic era and global economic downturn[107] - Wuling Motors Holdings is ranked among the Global Top 100 Enterprises of Automotive Components Suppliers since 2018[127] - The Company's largest customer and supplier for the year ended 31 December 2022 was SAIC-GM-Wuling Automobile Co., Ltd., in which Guangxi Automobile Holdings Limited holds 5.8% of its registered capital[193] - The aggregate purchases attributable to the Group's largest supplier and the five (5) largest suppliers taken together accounted for respectively 21.4% (2021: 24.0%) and 35.4% (2021: 38.8%) of the Group's total purchases for the year[178] Employee and Workforce Management - The company's total employee-related expenses under continuous contracts for the year ended 31 December 2022 amounted to HKD83,138,200, with a net balance of HKD43,059,730 after deductions[37] - The internal audit department's scope of review and audit plan for the year ended December 31, 2022, focused on areas with relatively higher perceived risks and were approved by the Audit Committee in conjunction with Management[70] Financial Statements and Reporting - The Group's performance for the year ended December 31, 2022, is detailed in the "Consolidated Statement of Profit or Loss and Other Comprehensive Income" on pages 155-156 of the annual report[64] - The Group's reserves movement details for the year are set out in the "Consolidated Statement of Changes in Equity" on pages 159-160 of the annual report[92][93]