Core Viewpoint - Dongfeng Group reported a revenue of 54.533 billion yuan for the six months ending June 30, 2025, representing a year-on-year increase of 6.62%, while net profit attributable to equity holders decreased by 91.96% to 55 million yuan [1] Financial Performance - The company sold approximately 823,900 vehicles in the first half of the year, a year-on-year decline of 14.7%, generating sales revenue of 54.533 billion yuan, which is a 6.6% increase compared to the previous year [1] - Gross profit reached 7.599 billion yuan, reflecting a year-on-year growth of 28.0%, with a gross margin of 13.9%, up 2.3 percentage points year-on-year [1] - The asset-liability ratio stood at 51.6%, indicating a stable asset-liability structure [1] Business Segment Performance - The optimization of the business structure showed significant results, with sales of self-owned passenger vehicles reaching 221,000 units, a year-on-year increase of 17.5%, and a gross margin of 13.1%, up 4.1 percentage points [1] - The commercial vehicle segment saw steady progress, with sales of approximately 187,600 units and a gradual increase in gross margin [1] - Sales of new energy vehicles reached 204,400 units, a year-on-year increase of 33.0%, with their share of total sales rising by 8.9 percentage points [1] Strategic Initiatives - The company is actively responding to national strategies and policies, with several products included in the national new energy rural catalog, stimulating consumption in lower-tier markets and further boosting new energy vehicle sales [2] - Dongfeng is taking a leading role in resisting industry "involution" by unifying payment terms for small and medium-sized suppliers to within 60 days, ensuring the health of the industrial chain ecosystem [2] - Major technological projects are progressing, including the completion of the world's largest integrated die-casting production line and the establishment of a computing power platform for artificial intelligence [2] High-end New Energy Development - The high-end new energy brand, Lantu, has become a benchmark in Dongfeng's new energy transformation strategy, with strong growth momentum expected to continue into 2025 [2] - Lantu's new model, Lantu FREE+, achieved sales of 4,273 units within just 18 days of its launch, ranking among the top three in the 200,000 to 300,000 yuan mid-to-large new energy SUV market [2]

Core Insights - Dongfeng Group reported a total vehicle sales of approximately 823,900 units in the first half of the year, representing a year-on-year decline of 14.7% [1] - The company achieved a sales revenue of 54.533 billion yuan, which is a year-on-year increase of 6.6% [1] - Gross profit reached 7.599 billion yuan, reflecting a year-on-year growth of 28.0% [1] - The gross profit margin improved to 13.9%, an increase of 2.3 percentage points compared to the previous year [1] - The net profit attributable to shareholders of the listed company was 55 million yuan [1]

格隆汇8月22日丨东风集团股份(00489.HK)公告，集团上半年销售汽车约82.39万辆，同比下降14.7%， 实现销售收入545.33亿元，同比增长6.6%；毛利润75.99亿元，同比增长28.0%；毛利率达13.9%，同比 提升2.3个百分点；归属于上市公司股东净利润0.55亿元。资产负债率51.6%，资产负债结构保持稳健。 ...

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聯合公告 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， 概不對因本聯合公告全部或任何部份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。 本 聯 合 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 東 風 公 司、要約人、 本 公 司 或 嵐 圖 證 券 之 邀 請 或 要 約，亦 非 在 任 何 司 法 權 區 招 攬 任 何 投 票 權 或 批 准。 本聯合公告不會在構成違反有關司法權區相關法律的情況下於或向任 何 司 法 權 區 發 佈、刊 發 或 派 發。 DONGFENG MOTOR CORPORATION* 東風汽車集團有限公司 （一 間 於 中 華 人 民 共 和 國 註 冊 成 立 的 有 限 公 司） DONGFENG MOTOR GROUP COMPANY LIMITED* DONGFENG MOTOR GROUP (WUHAN) INVESTMENT COMPANY LIMITED* 東 風 汽 車 集 團（武 漢） 投資有限公司 （一 間 於 中 華 人 民 共 ...

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） 二零二五中期業績公告 東 風 汽 車 集 團 股 份 有 限 公 司（「本公司」）董 事（「董 事」）會（「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 五 年 六月三十日止六個月的未經審計綜合業績及二零二四年同期的比較數字。 二零二五年中期財務資料已由本公司審計與風險管理委員會審閱以及 由 本 公 司 核 數 師，安 永 會 計 師 事 務 所 按 照 香 港 會 計 師 公 會 頒 佈 的《香 港 審 閱 準 則》第2410號–「由 實 體 的 獨 立 核 數 師 執 行 中 期 財 務 資 料 審 閱 ...

东本发动机主要为广汽本田供应发动机及零部件。 8月18日，东风本田发动机有限公司50%股权转让项目在广东联合产权交易中心预挂牌。截至今年上半 年，东本发动机净利润扭亏为盈，为37085万元。东本发动机主要为广汽本田供应发动机及零部件。东 风集团股份表示，通过此次股权出售，公司希望优化与调整自身的燃油车资产结构，同时这也有利于其 加快新能源转型。 ...

Core Viewpoint - JD Group and Dongfeng Motor Group have signed a strategic cooperation agreement to establish a comprehensive strategic partnership aimed at enhancing cost reduction and efficiency improvement through collaboration in supply chain and digital operations [1][3]. Group 1: Strategic Cooperation - The partnership will leverage both companies' strengths in supply chain demand scenarios and digital operations to promote deeper cooperation in cost reduction and efficiency enhancement [1]. - JD Group's SEC Vice Chairman and CEO Xu Ran and Dongfeng Motor's Party Secretary and Chairman Yang Qing attended the signing ceremony, highlighting the importance of this collaboration [1][3]. Group 2: Supply Chain Solutions - JD Industrial has developed the "Ta Pu" integrated supply chain solution, which connects supply and demand precisely, reducing social collaboration costs and improving overall productivity [4]. - The "Ta Pu" solution has been recognized in the automotive industry, with a notable case where a leading new energy vehicle company reduced procurement time from 21 days to 7 days, achieving over 70% reduction in time and saving approximately 30 million in annual inventory costs [4]. Group 3: Global Expansion - JD Industrial is advancing its global layout, covering countries like Thailand, Vietnam, and Hungary, to assist Chinese automotive companies in international trade [5]. - The company has created a digital procurement platform that addresses language, currency, tax, and legal compatibility issues, providing a transparent, efficient, and low-cost procurement experience [5]. Group 4: Technological Innovation - JD Industrial has launched the industry's first supply chain-centric industrial model, "Joy Industrial," focusing on supply chain advantages and integrating AI products to support various industrial sectors [6]. - The model aims to enhance cost reduction, efficiency, compliance, and supply assurance across key verticals such as automotive aftermarket, new energy vehicles, and robotics [6][7]. Group 5: Future Directions - JD Industrial plans to continue linking supply and demand precisely through its digital supply chain technology and services, aiming to enhance collaboration efficiency and support the digital transformation of industrial enterprises [7]. - The company emphasizes the importance of building a solid infrastructure to promote new industrialization development [7].

Group 1 - Dongfeng Motor Group Co., Ltd. has been suspended from trading since August 11, pending the release of an internal announcement, and has not resumed trading as of August 13 [1] - The suspension has led to various speculations regarding potential IPOs, joint venture reforms, and commercial vehicle integration, but the company has stated that the announcement will clarify the situation [2] - Dongfeng Group has issued a profit warning for the first half of 2025, expecting a net profit of between 30 million to 70 million yuan, a decline of 90% to 95% compared to the same period in 2024, primarily due to decreased sales and profits in its joint venture passenger vehicle business [2] Group 2 - From January to July this year, Dongfeng Nissan, Dongfeng Honda, and Shenlong Automobile reported sales of 306,400 units, 173,400 units, and 30,400 units respectively, representing year-on-year declines of 16.8%, 31.2%, and 29.2% [2] - In July, both Dongfeng Nissan and Dongfeng Honda saw a year-on-year increase in sales, ending a previous trend of continuous decline [2] - Dongfeng Group has integrated its brands to form Yipai Technology, which reported sales of 27,800 units in July, a year-on-year increase of 92%, and cumulative sales of 132,500 units from January to July, a growth of 33.1% [3] Group 3 - Dongfeng Group has established a clear strategic plan for Yipai Technology, focusing on improving user satisfaction in the short term, creating popular products in the medium term, and fostering ecosystem co-creation for long-term development [3] - In July, Dongfeng Group announced an investment agreement with Lantu Automotive, where Dongfeng Asset Management will invest 1 billion yuan to enhance Lantu's R&D, branding, and marketing capabilities [3] - From January to July, Lantu Automotive achieved cumulative sales of 66,680 units, reflecting a year-on-year growth of 85.8% [4]

Core Viewpoint - Dongfeng Group has announced a temporary suspension of trading due to the release of insider information, with significant speculation surrounding potential corporate restructuring and performance forecasts [1][2]. Financial Performance - Dongfeng Group has issued a profit warning, projecting a net profit for the first half of 2025 to be between 30 million and 70 million yuan, representing a decline of approximately 90% to 95% compared to the same period in 2024 [2][4]. - The company attributes its performance decline to two main factors: a significant drop in sales and profits in the joint venture non-luxury brand market, and increased investments in R&D, brand building, and marketing in response to fierce market competition [4]. Sales Data - From January to July this year, Dongfeng Group's cumulative sales of new energy vehicles reached 249,600 units, a year-on-year increase of approximately 35.5%. However, overall vehicle sales declined by about 8.9% to 978,500 units [5]. - The parent company, Dongfeng Motor Corporation, reported a cumulative vehicle sales of 1,260,400 units during the same period, down approximately 10.8% year-on-year [5]. - Specific joint venture brands have seen notable declines: Dongfeng Nissan's sales fell by 16.8% to 306,400 units, Dongfeng Honda's sales dropped by 31.2% to 173,400 units, and Shenlong Automobile's sales decreased by 29.2% to 30,400 units [5]. Strategic Initiatives - In response to market pressures, Dongfeng Group has made several strategic adjustments, including the establishment of Yipai Automotive Technology Company to focus on the development of independent passenger vehicles [7]. - The company has set ambitious sales targets for the year, aiming for a total of 3 million vehicles sold, including 1 million new energy vehicles and 900,000 independent new energy vehicles [7]. - Dongfeng Yipai Technology is expected to enhance decision-making efficiency and market responsiveness through the integration of various brands and resources [10]. Product Development - Dongfeng Group is launching new models to address market demands, including the Dongfeng Nissan N7, which features advanced intelligent driving capabilities, and the Dongfeng Honda S7, which emphasizes high quality and performance [6]. - The newly formed Shenlong Automobile brand has introduced its first model, the Shijie 06, as part of its strategy to gain traction in the market [6]. - Dongfeng Yipai Technology plans to expand its product lineup significantly, with an expected 20 models by 2028, focusing on continuous innovation and market adaptation [10].

Core Viewpoint - Dongfeng Group has announced a temporary suspension of trading due to the release of insider information, amidst speculation about potential restructuring and significant profit declines for the upcoming year [1][3]. Financial Performance - Dongfeng Group has issued a profit warning, projecting a net profit for the first half of 2025 to be between 30 million and 70 million yuan, representing a decline of approximately 90% to 95% compared to the same period in 2024 [3]. - The company attributes the performance decline to two main factors: a significant drop in sales and profits from joint venture non-luxury brands, and increased investments in R&D, brand building, and marketing in response to fierce market competition [5]. Sales Data - From January to July this year, Dongfeng Group's cumulative sales of new energy vehicles reached 249,600 units, marking a year-on-year increase of about 35.5%. However, total vehicle sales for the same period were 978,500 units, reflecting a year-on-year decrease of approximately 8.9% [6]. - The parent company, Dongfeng Motor Corporation, reported cumulative vehicle sales of 1,260,400 units from January to July, down about 10.8% year-on-year [6]. Brand Performance - Sales of Dongfeng's joint venture brands have seen significant declines: Dongfeng Nissan's sales fell by 16.8% to 306,400 units, Dongfeng Honda's sales dropped by 31.2% to 173,400 units, and Shenlong Automobile's sales decreased by 29.2% to 30,400 units [6]. - The decline in joint venture brand sales is attributed to slow transitions to electrification and smart technology, with many existing electric products being adaptations rather than innovations [6]. Strategic Initiatives - In response to performance pressures, Dongfeng Group has made several strategic adjustments, including the establishment of Yipai Automotive Technology Company to focus on the development of its own passenger vehicles [8]. - The company has set ambitious sales targets for the year, aiming for a total of 3 million vehicles sold, including 1 million new energy vehicles and 900,000 self-owned new energy vehicles [8]. - Dongfeng Yipai Technology is expected to enhance decision-making efficiency and market responsiveness through the integration of various brands and resources [8][12]. New Product Launches - Dongfeng Nissan has launched its first pure electric model, the Nissan N7, featuring advanced smart driving capabilities [7]. - Dongfeng Honda has introduced the S7, touted as the "strongest Honda electric vehicle," with a range of 620 to 650 km [7]. - Shenlong Automobile has launched a new brand, with its first model, the Shijie 06, already on the market [7]. Future Outlook - Dongfeng Yipai Technology plans to expand its product lineup to 20 models by 2028, with continuous updates to each model [12]. - The company is also collaborating with Huawei on a high-end smart SUV project, aiming for a 2026 launch [9].