财联社3月16日讯（记者 刘阳）时隔十日，国务院国资委再度向中国一汽、东风集团和长安汽车三大中 央车企“喊话”。 “我们将发挥中央企业体系优势，有效整合产业资源，更好发挥科技创新、产业控制、安全支撑作用， 重点做好三篇文章，助力我国由汽车大国向汽车强国迈进。”3月16日，国务院国有资产监督管理委员会 副主任苟坪在中国电动汽车百人会论坛（2024）上表示，近年来，国资央企把握技术进步和产业变革趋 势，谋划实施新能源汽车转型发展战略。但总体上看，中央企业发展新能源汽车的步伐还不够快、成效 还不够明显，在产品竞争力、市场占有率、前瞻性、引领性技术创新等方面急需加力加速，奋力追赶。 同日，市场有消息传出，针对三家中央汽车企业的新考核办法正在讨论中，预计很快便会下发。包括市 场占有率、利润结构、科技创新以及安全生产等数项新指标，可能会被纳入新考核体系中。消息称，对 三家央企考核的调整，目标不仅在于推动企业优化，更重要的在于推动央企投资并购，加入对新能源市 场的专业化整合之中。 3月5日，国资委主任张玉卓在十四届全国人大二次会议首场“部长通道”集中采访活动上透露，将对一 汽、东风和长安汽车三大央企的新能源汽车业务进行单独 ...

Core Viewpoint - Dongfeng Group announced a share transfer agreement where Dongfeng Changxing will acquire 100% equity of Chuangge Financing Leasing Co., Ltd. from its controlling shareholder Dongfeng Motor Company for RMB 1.122 billion, enhancing its business structure and value chain [1]. Group 1 - The share transfer is set to be completed on January 29, 2024, after trading hours [1]. - Following the transfer, Chuangge Financing Leasing will become an indirect non-wholly-owned subsidiary of Dongfeng Changxing [1]. - The integration of the target company is expected to promote unified brand management and develop after-sales services such as insurance, maintenance, energy supply, financing, and used car sales [1]. Group 2 - The transaction aims to extend the value chain and facilitate high-quality development across the entire industry chain [1].

Sales Performance - In the first half of 2023, the company sold approximately 945,500 vehicles, a year-on-year decrease of 23.4%[3] - The sales of self-owned passenger vehicles reached 156,800 units, down 30.9% year-on-year[3] - The sales volume of new energy vehicles was approximately 119,600 units, accounting for an increase of 2.2 percentage points in the overall sales[3] - The overseas export business achieved a sales volume of 81,200 units, marking a year-on-year growth of 28.1%[3] - The high-end brand "Lantu" saw a sales increase of 118.5% year-on-year[3] - The company's passenger vehicle sales decreased by approximately 23.4% year-on-year to about 769,700 units, while commercial vehicle sales increased by approximately 0.7% to about 175,800 units[28] - The sales of new energy passenger vehicles were approximately 108,000 units, with a year-on-year decline of about 7.8%[28] Financial Performance - The company achieved a sales revenue of 45.677 billion yuan, with a net profit attributable to shareholders of 1.27 billion yuan, resulting in a net profit margin of 2.8%[3] - The company reported a strong performance in the commercial vehicle sector, particularly in trucks, which are crucial for its overall sales strategy[9] - The overall revenue for the first half of 2023 was approximately RMB 45.68 billion, an increase of approximately 2.9% from RMB 44.40 billion in the same period last year[29] - The company’s revenue from passenger vehicles was approximately RMB 16.11 billion, a decrease of approximately 19.1% compared to RMB 19.91 billion in the same period last year[30][31] - The commercial vehicle segment saw a revenue increase of approximately 22.7%, reaching about RMB 25.53 billion, compared to RMB 20.81 billion in the previous year[30][32] - The automotive finance segment reported a revenue of approximately RMB 3.11 billion, a decline of approximately 3.4% from RMB 3.22 billion in the same period last year[33] - The net profit attributable to shareholders for the first half of 2023 was approximately RMB 1.27 billion, a decrease of about RMB 4.23 billion or 76.9% compared to RMB 5.50 billion in the same period last year[46] Research and Development - The company’s R&D investment in new energy increased by 49.2% year-on-year, reflecting a strong commitment to technological advancement[3] - Research and development expenditure for the first half of 2023 was approximately RMB 3.46 billion, an increase of about RMB 0.39 billion or 12.62% compared to RMB 3.07 billion in the same period last year, with RMB 1.56 billion allocated to new energy research and development, an increase of 49.3%[42] Corporate Governance and Management - The company is implementing a significant management restructuring to enhance the integration of its self-owned passenger vehicle business[5] - Dongfeng Motor Group is committed to enhancing corporate governance and transparency, adhering to relevant regulations and guidelines[11] - The board of directors held three meetings in the first half of 2023 to discuss key matters including the 2023 investment plan and financial reports[14] - The board of directors held meetings with a participation rate of 100% from several members, indicating strong engagement in governance[18] - The audit and risk management committee consists of three independent non-executive directors, ensuring oversight of financial reporting and risk management[17] Assets and Liabilities - The company’s asset-liability ratio was 47.8%, a decrease of 2.0 percentage points compared to the previous year[3] - Total assets as of the first half of 2023 were approximately RMB 316.71 billion, a decrease of about RMB 13.33 billion or 4.0% from approximately RMB 330.04 billion at the end of the previous year[47] - Total liabilities as of June 30, 2023, were approximately RMB 151.475 billion, a decrease of about RMB 13.025 billion or 7.92% from the end of the previous year[48] - Total equity as of June 30, 2023, was RMB 165.236 billion, a decrease of RMB 0.3 billion or 0.18% from the end of the previous year, with equity attributable to shareholders increasing by RMB 0.752 billion[49] Cash Flow and Financing - Net cash outflow from operating activities was RMB 7.954 billion, primarily due to a decrease in loan issuance by the financial business, which increased cash flow by RMB 11.734 billion[50] - Net cash inflow from investment activities was RMB 4.107 billion, mainly from increased dividends received totaling RMB 7.312 billion[50] - Net cash inflow from financing activities was RMB 0.125 billion, reflecting an increase in bank borrowings of RMB 12.140 billion[51] - The company plans to issue new shares, not exceeding 20% of the existing domestic and H shares, to support its capital structure adjustments[15] Shareholder Information - The company did not recommend the distribution of an interim dividend for the six months ending June 30, 2023[21] - The majority of the shareholding is held by domestic shares, accounting for approximately 67.52% of the total issued shares[21] - The company’s share repurchase authorization was approved at the annual general meeting held on June 20, 2023, reflecting confidence in future development[25] - The company repurchased a total of 61,900,000 H shares during the six months ending June 30, 2023, with the highest purchase price being HKD 4.55 and the lowest being HKD 3.31[25] Market Outlook - The company anticipates continued economic recovery in the second half of 2023, driven by positive policy effects and strong consumer demand for automobiles[10] - Dongfeng Motor Group is focusing on the development of new energy vehicles and expanding its market presence, which is expected to contribute to stable growth in the automotive market[10] - The company is focusing on a "three-year action plan for transformation and upgrading" to accelerate its new energy strategy amid significant market challenges[28]

Financial Performance - Dongfeng Motor Group reported revenue of RMB 45,677 million for the six months ended June 30, 2023, representing an increase from RMB 44,396 million in the same period of 2022, a growth of approximately 2.9%[3] - The gross profit for the first half of 2023 was RMB 4,986 million, down from RMB 5,212 million in the prior year, indicating a decrease of about 4.3%[3] - The net profit attributable to shareholders for the period was RMB 206 million, a significant decline from RMB 5,118 million in the previous year, reflecting a decrease of approximately 96%[3] - The total comprehensive income attributable to equity holders of the parent for the period was RMB 3,522 million, compared to RMB 2,498 million in the previous year, an increase of approximately 41.0%[4] - The company reported a basic and diluted earnings per share of RMB 14.79 for the first half of 2023, compared to RMB 63.84 in the same period of 2022, a decrease of approximately 76.8%[3] Assets and Liabilities - The company's total assets as of June 30, 2023, amounted to RMB 316,711 million, down from RMB 330,036 million at the end of 2022, a reduction of about 4.0%[5] - Non-current assets increased to RMB 148,708 million from RMB 147,032 million, showing a slight growth of approximately 1.1%[5] - As of June 30, 2023, the total equity attributable to equity holders of the parent company is RMB 156,604 million, a slight increase from RMB 155,852 million as of December 31, 2022[6] - The total liabilities decreased to RMB 151,475 million from RMB 164,500 million, indicating a reduction of approximately 7.9%[6] - The current liabilities totaled RMB 112,774 million, down from RMB 130,069 million, reflecting a decrease of about 13.3%[6] Cash Flow - Operating cash flow for the six months ended June 30, 2023, was RMB (7,954) million, compared to RMB (3,895) million for the same period in 2022, indicating a significant increase in cash outflow[9] - Cash used in operating activities amounted to RMB (6,442) million, an increase from RMB (2,132) million in the previous year[9] - The total cash and cash equivalents decreased by RMB 3,722 million, compared to an increase of RMB 13,170 million in the same period last year[9] - As of June 30, 2023, cash and cash equivalents stood at RMB 61,660 million, slightly down from RMB 62,041 million at the end of the previous period[9] Shareholder Activities - The company repurchased treasury shares worth RMB 207 million during the period[7] - The company did not declare any interim dividends for the six months ended June 30, 2023, consistent with the previous year[31] - The company repurchased 84,850,000 shares during the six months ended June 30, 2023[32] Sales and Market Performance - In the first half of 2023, the company sold approximately 945,500 vehicles, a year-on-year decrease of 23.4%[43] - The sales of self-owned passenger vehicles reached 156,800 units, down 30.9% year-on-year[43] - The commercial vehicle segment achieved sales of approximately 175,800 units, with a slight increase of 0.7% year-on-year[43] - The sales volume of new energy vehicles was approximately 119,600 units, increasing its share of total sales by 2.2 percentage points[43] - The overseas export sales reached 81,200 units, marking a year-on-year growth of 28.1%[43] Research and Development - The company incurred research and development expenses of RMB 2,001 million for the six months ended June 30, 2023, down from RMB 2,488 million in 2022, reflecting a focus on cost management[26] - The company reported a 49.2% year-on-year increase in R&D investment for new energy vehicles[43] Economic Environment - The overall economic environment in China showed signs of recovery, with GDP growth of 5.5% year-on-year in the first half of 2023[49] - The new energy vehicle market continued to grow rapidly, with a year-on-year increase of 44.1% in sales, reaching 3.747 million units[49] Corporate Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules[79] - The external auditor, Ernst & Young, has reviewed the unaudited financial statements for the six months ended June 30, 2023[79] - The board of directors includes three executive directors and three independent non-executive directors[80]

Loan Assets and Customer Base - As of December 31, 2022, Dongfeng Finance's loan assets amounted to approximately RMB 77.9 billion, with 84.87% attributed to receivables from end customers[3] - The number of end customers served by Dongfeng Finance is 1,144,331, while the number of dealers is 267[3] - 82.15% of Dongfeng Finance's financing balance comes from individual borrowers, while 17.85% comes from corporate borrowers[3] - The loan to the top five borrowers, all of which are group member companies, accounted for 6.45% of total loans[3] Loan Impairment and Overdue Loans - The loan impairment provision for the fiscal year ending December 31, 2022, was approximately RMB 3.43 billion, an increase from RMB 2.74 billion as of December 31, 2021[4] - The overdue loan balance exceeding 60 days was RMB 519 million, representing 12.49% of the total balance[4] Loan Maturity and Structure - The loan assets maturing within one year amounted to RMB 33.04 billion, while those maturing between one and three years totaled RMB 31.99 billion[3] Credit Risk Management - Dongfeng Finance's credit risk management includes requiring vehicles as collateral for end customers and dealers[3] - The company has established a model for calculating expected credit losses based on macroeconomic factors such as GDP growth and consumer price index[2] - The company has established a comprehensive risk management system to assess and manage credit risk, which is regularly reviewed by the Board and the Audit and Compliance Committee[6] - A risk and compliance management committee has been formed to review credit policies and operational guidelines across business lines[5] - The company employs an intelligent approval model for individual customers based on credit data provided by the People's Bank of China and independent third parties[6] - Regular quality checks are conducted to ensure the effective execution of risk assessment procedures[6] - The company continuously monitors loan recoverability through various platforms, including post-loan management and operational efficiency monitoring[6] - The annual comprehensive risk management plan includes a risk preference matrix covering seven major risk categories[7] Operational Management and Oversight - The Board is responsible for formulating and amending the management methods for loan services[8] - The company has established a Financial Industry Management Committee to oversee financial service business decisions and complex loan project reviews[8] - The company has implemented a detailed overdue loan collection operation manual, supported by a dedicated team and resources for debt recovery[6] - The company ensures that the use of funds aligns with the interests of the company and its shareholders through fair and reasonable terms in lending transactions[8] Financial Services Offered - Dongfeng Finance's financial services cover the automotive supply chain, including supply chain finance, group member financing, dealer financing, and end customer financing[1]

Sales Performance - In 2022, Dongfeng Motor Group sold approximately 2.4645 million vehicles, a year-on-year decrease of 11.2%, maintaining its position among the top three in the industry[15]. - The sales of self-owned passenger vehicles reached 497,900 units, representing a year-on-year growth of 39.6%, exceeding the industry growth rate by 30.1 percentage points[15]. - The group's commercial vehicle sales were approximately 311,300 units, reflecting a year-on-year decline of 40.4% due to a prolonged downturn in the commercial vehicle market[15]. - Dongfeng's new energy vehicle sales reached about 346,100 units, a year-on-year increase of 115.5%, ranking fourth in the industry[15]. - The joint venture passenger vehicle business remained stable, achieving sales of 1.6553 million units, with Shenlong Company experiencing a sales increase of 24.5% year-on-year[15]. - The sales target for 2023 is set at 3 million vehicles, representing a year-on-year growth of 21.7%, with a specific target of 600,000 new energy vehicles, which is a 73% increase[49]. Financial Performance - The group's total revenue for the year was 92.663 billion yuan, with a net profit attributable to shareholders of 10.265 billion yuan, achieving a net profit margin of 11.1%, the best level in three years[17]. - The sales revenue for Dongfeng Motor Group in 2022 was RMB 92.663 billion, a decrease from RMB 113.168 billion in 2021[30]. - The total sales cost for the group was approximately RMB 83.836 billion, a decrease of about 15.3% from RMB 98.929 billion in the previous year[189]. - The overall gross profit margin for the group was approximately 9.5%, with a total gross profit of about RMB 8.827 billion, down 38.0% from RMB 14.239 billion in the previous year[189]. - The total other income for the group in 2022 was approximately RMB 6.031 billion, an increase of about RMB 0.951 billion compared to RMB 5.08 billion in the same period last year[190]. - The company plans to increase dividend payouts, proposing a dividend of RMB 0.30 per share for the 2022 fiscal year[23]. Investment and R&D - In 2022, Dongfeng Motor Group completed investments totaling RMB 9.492 billion, focusing on core R&D capabilities, manufacturing upgrades, and new energy strategies[45]. - Research and development investment for the group in 2022 was RMB 8.078 billion, an increase of RMB 0.849 billion or 11.74% from RMB 7.229 billion in the same period last year[196]. - Investment in new energy research and development for the group in 2022 was RMB 3.784 billion, an increase of RMB 2.019 billion or 114.4% from RMB 1.765 billion in the same period last year[196]. Market Strategy and Transformation - Dongfeng Motor Group is accelerating its transformation into a technology-driven enterprise, focusing on the development of core technologies and deepening reforms[17]. - The company has established a strategic layout covering luxury, high-end, mid-range, and economy brands, including the launch of the "Mache" green power brand with a hybrid engine efficiency of 45.18%[18]. - Dongfeng aims to enhance its competitive edge and operational efficiency through ongoing reforms and strategic restructuring[20]. - The company is actively pursuing market expansion with autonomous driving products operating in over 30 cities nationwide[18]. - Dongfeng Motor Group is accelerating its electrification transformation in joint ventures, enhancing its competitiveness in the market[49]. Production Capacity - The company has a production capacity of approximately 3.85 million vehicles, with 620,000 for commercial vehicles and 3.23 million for passenger vehicles[41]. - Dongfeng Motor Group's total vehicle production capacity is expected to reach 3.87 million units by the end of 2023, driven by the construction of the Yunfeng factory and upgrades at Yijiete New Energy Company[42]. Corporate Governance and Shareholder Information - The largest shareholder, Dongfeng Motor Corporation, holds 5,760,388,000 domestic shares, representing 66.86% of the total issued shares[72]. - The company’s board of directors includes six members, with the chairman being Zhu Yan Feng and the president being Yang Qing[75]. - As of December 31, 2022, the total share capital of the company is RMB 8,616,120,000, divided into 8,616,120,000 ordinary shares, with a par value of RMB 1 per share[67]. Joint Ventures and Partnerships - The company’s joint ventures will continue to procure automotive parts and production equipment from their partners, with ongoing evaluations for competitive pricing and quality[153]. - The joint venture companies paid a total of RMB 49.549 billion for the procurement of automotive parts and production equipment from their partners as of December 31, 2022[158]. - The technology licensing and support agreements between the joint ventures and their foreign partners are governed by umbrella agreements, ensuring fair commercial terms[168].

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告之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之 任何損失承擔任何責任。 DONGFENG MOTOR GROUP COMPANY LIMITED* 東風汽車集團股份有限公司 (於中華人民共和國註冊成立的股份有限公司) (股份代號: 489) 二零二二年度業績公告 東風汽車集團股份有限公司(「本公司」)董事(「董事」)會欣然宣佈本公司及其附屬公司(「本 集團」或「東風汽車集團」)截至二零二二年十二月三十一日止年度的經審核綜合業績及二零二 一年的比較數字。 除非另有所指，本業績公告所陳述、討論有關業務，包括製造、研發、產銷量、市佔率、投資、 網絡、員工、激勵、社會責任、公司管治等，均全面包括集團本部、附屬公司、合營企業、聯營 企業(包括通過附屬公司、合營企業、聯營企業直接或間接擁有股本權益的公司)之資料。 東風汽車集團股份有限公司 綜合損益表 ...

Sales Performance - In the first half of 2022, Dongfeng Motor Group sold approximately 1.2342 million vehicles, a year-on-year decrease of 13.4%[7] - The sales of self-owned passenger vehicles reached 226,800 units, an increase of 59.8% year-on-year, outperforming the industry growth rate by 56.4 percentage points[7] - The sales of commercial vehicles were approximately 174,600 units, reflecting a year-on-year decline of 50.0% due to oversupply in the logistics sector and rising fuel prices[7] - New energy vehicle sales surged to approximately 128,600 units, a year-on-year increase of 190%, ranking fourth in the industry[7] - The company's passenger vehicle sales were approximately 1.0596 million units, representing a year-on-year decline of about 1.5%, while the sales of commercial vehicles dropped significantly by approximately 50.0% to about 174,600 units[36] - The sales of new energy vehicles surged to approximately 128,600 units, marking a year-on-year increase of about 185.9%, with new energy passenger vehicles accounting for approximately 203.0% growth[36] Financial Performance - The group achieved a revenue of 44.309 billion yuan and a net profit attributable to shareholders of 5.529 billion yuan, with a net profit margin of 12.5%[7] - The company's revenue for the first half of 2022 decreased by approximately RMB 25.738 billion, a decline of about 36.7% compared to the same period last year[37] - The passenger vehicle business generated revenue of approximately RMB 19.832 billion, an increase of about 83.5% from RMB 10.808 billion in the previous year[39] - The commercial vehicle business experienced a significant revenue drop of approximately 61.8%, with sales revenue of about RMB 20.808 billion compared to RMB 54.519 billion in the previous year[40] - The automotive finance business reported revenue of approximately RMB 3.222 billion, a decrease of about 27.8% from RMB 4.465 billion in the previous year[41] - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 5.529 billion, a decrease of approximately RMB 3.084 billion or 35.8% compared to RMB 8.613 billion in the same period last year[54] Research and Development - Research and development investment accounted for 5.6% of total revenue, focusing on new energy, autonomous driving, and electronic architecture[8] - The company is focusing on the development of new automotive technologies and expanding its business in the automotive finance sector through subsidiaries[12] - Research costs for the six months ended June 30, 2022, amounted to RMB 2,463 million, an increase of 5.1% from RMB 2,344 million in the same period of 2021[91] Strategic Initiatives - The company is advancing the integration of its subsidiaries and plans to acquire shares in Dongfeng Motor Co., Ltd. to enhance its commercial vehicle business[8] - The group aims to accelerate the launch of several new vehicle models and strengthen its product structure in the second half of 2022[9] - Dongfeng is actively pursuing strategic initiatives, including the acquisition of DFL light commercial vehicle business and restructuring of equity in related companies[22] - The company aims to establish a joint venture for power battery projects, reflecting its commitment to innovation and market expansion[22] Governance and Compliance - The company plans to enhance its governance practices and maintain transparency in operations to ensure steady growth and shareholder value[17] - The board has established an Audit and Risk Management Committee to oversee the financial reporting process and assess the nature and extent of company risks[24] - The company has established a Nomination Committee to propose candidates for directors and review nomination standards and procedures[26] - The company is committed to enhancing governance transparency and shareholder accountability, adhering to relevant laws and regulations[142] Cash Flow and Liquidity - The net cash flow from operating activities for the group was approximately RMB 3.865 billion, primarily due to a pre-tax profit of about RMB 2.249 billion after deducting non-cash items, and a decrease in trade payables that reduced cash flow by approximately RMB 13.312 billion[58] - The net cash inflow from investment activities was approximately RMB 10.489 billion, reflecting an increase in dividends received from joint ventures of about RMB 6.803 billion and cash received from the disposal of stocks totaling approximately RMB 6.721 billion[59] - The net cash inflow from financing activities was approximately RMB 6.546 billion, mainly from bank loans and bond increases amounting to about RMB 14.239 billion, offset by cash outflows for repayment of bank loans and bonds totaling approximately RMB 7.631 billion[59] - As of June 30, 2022, cash and cash equivalents amounted to approximately RMB 62.041 billion, an increase of about RMB 13.011 billion compared to RMB 49.030 billion at the end of 2021[60] Market Outlook - The company expects a slight increase in automobile sales in 2022 compared to 2021, driven by government policies promoting consumption and strong consumer demand for vehicles[16] - The GDP growth in China for the first half of 2022 was 2.5%, with expectations for gradual recovery in the second half due to effective policy measures[141] - The automotive industry is projected to see a slight increase in sales in 2022 compared to 2021, driven by strong consumer demand and industry transformation[141] Shareholder Information - The company does not recommend the distribution of an interim dividend for the six months ending June 30, 2022[28] - The total share capital as of June 30, 2022, was RMB 8,616,120,000, divided into 8,616,120,000 ordinary shares, with domestic shares accounting for approximately 66.86%[30] - Major shareholders holding 5% or more of the issued share capital include Dongfeng Motor Group Co., Ltd. with 66.86% and SCMB Overseas Limited with 2.81%[157]

Sales Performance - Dongfeng Motor Group sold approximately 2.7751 million vehicles in 2021, a year-on-year decrease of 3.3%[12] - The company's self-owned passenger vehicle sales reached 377,000 units, representing a year-on-year growth of 47.1%, outperforming the industry growth rate by 40 percentage points[12] - Commercial vehicle sales totaled approximately 522,600 units, down 5.8% year-on-year, but the market share improved compared to the previous year[12] - The new energy vehicle segment experienced explosive growth, with sales of about 160,600 units, a year-on-year increase of 260%, ranking fourth in the industry[12] - Dongfeng Motor Group's total vehicle sales for 2021 reached 2.7751 million units, with a market share of approximately 10.6%[16] - The sales volume of passenger vehicles was approximately 2.2525 million units, representing a year-on-year decline of about 2.6%, while the sales volume of commercial vehicles was approximately 522,600 units, down about 5.8%[91] Financial Performance - Revenue for 2021 was RMB 113.008 billion, a year-on-year increase of 4.2%[18] - Pre-tax profit for 2021 was RMB 12.760 billion, representing a 4.7% increase year-on-year, with a pre-tax profit margin of 11.3%[14] - Net profit attributable to shareholders for 2021 was RMB 11.387 billion, up 5.8% year-on-year[14] - The total sales cost for 2021 was approximately RMB 98.818 billion, an increase of approximately 6.7% year-on-year, with a gross profit margin of approximately 12.6%[97] - The net profit attributable to shareholders for 2021 was approximately RMB 11.39 billion, an increase of about RMB 629 million or 5.8% year-on-year[107] - The total assets as of December 31, 2021, were approximately RMB 319.77 billion, an increase of about RMB 2.46 billion or 0.8% from the end of the previous year[108] - The total liabilities decreased to approximately RMB 167.70 billion, a reduction of about RMB 8.37 billion or 4.8% compared to the end of the previous year[109] - The total equity increased to approximately RMB 152.06 billion, an increase of about RMB 10.83 billion or 7.7% from the end of the previous year[110] Market Position - Dongfeng Motor Group's market share in the overall vehicle market was 10.6% in 2021, ranking third among domestic automotive manufacturers[9] - The overall automotive market in China saw sales of approximately 26.2748 million units in 2021, a year-on-year growth of about 3.8%[12] - The company aims for a sales growth target of 25% in 2022, with commercial vehicle sales expected to increase by 10% and passenger vehicle sales by 28%[26] Research and Development - Research and development investment increased by 8.4% year-on-year, focusing on new energy, autonomous driving, and software engineering[14] - Dongfeng launched the "Dongfeng Hydrogen Boat," the first mass-produced fuel cell passenger vehicle in China, and implemented key technologies such as 800V high-voltage platforms and solid-state batteries[13] - Dongfeng's L2-level smart driving technology has been scaled for mass production, with L4-level autonomous driving technology being tested in over 30 cities[13] - Dongfeng Motor Group's R&D expenditure has increased by 25%, reflecting its commitment to innovation and competitiveness[123] Operational Efficiency - The company has implemented measures to enhance operational efficiency and collaboration with suppliers to mitigate the impact of the semiconductor shortage on its joint venture passenger vehicle business[12] - The company is enhancing its supply chain management to mitigate risks, with a focus on diversifying suppliers by 30%[125] - The company has made significant progress in enhancing its internal management and control systems, contributing to improved operational efficiency[130] Shareholder Returns - The board proposed a dividend of RMB 0.30 per share for the 2021 fiscal year, reflecting the company's commitment to returning value to shareholders[15] - The company's joint ventures declared and distributed a total dividend of approximately RMB 9.638 billion in 2021[29] - The board proposed a final dividend of RMB 0.3 per share for the fiscal year 2021, subject to shareholder approval[27] Corporate Governance - The company is committed to protecting shareholders' rights and ensuring sustainable development through effective supervision of financial operations and internal controls[128] - The supervisory board confirmed that the company's financial statements for the fiscal year 2021 were prepared in accordance with listing rules and international accounting standards, reflecting a comprehensive and objective view of the company's operational results and financial status[131] - The company maintained compliance with the corporate governance code and has adopted improved procedures to enhance corporate governance standards[134] Employee and Social Responsibility - The company complies with relevant labor and social welfare laws, ensuring monthly contributions to social insurance for employees, including pension, medical, unemployment, work injury, and maternity insurance[49] - The group made total donations of approximately RMB 0.04 billion in the fiscal year ending December 31, 2021[32] Future Outlook - Dongfeng Motor Group anticipates a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[118] - The company is investing heavily in new product development, with a budget allocation of 2 billion yuan for electric vehicle technology[119] - Market expansion efforts include entering three new international markets, aiming for a 5% market share in each by the end of the next fiscal year[120]