DONGFENG GROUP(HK:00489) Xi Niu Cai Jing·2025-05-28 07:29Group 1 - Dongfeng Motor Group has been actively pursuing anti-corruption measures, with multiple executives being investigated, including those from Dongfeng Honda and Dongfeng Nissan [2][4] - Since 2025, Dongfeng has reported nine anti-corruption incidents, demonstrating its commitment to integrity [4] - In 2024, Dongfeng Motor achieved a revenue of 106.2 billion RMB, a year-on-year increase of 6.86%, and a gross profit of 13.6 billion RMB, with a gross margin of 12.8% [4][5] Group 2 - Despite the revenue growth, Dongfeng's total vehicle sales in 2024 were 1.8959 million units, a decline of 9.2% year-on-year, with significant drops in joint venture sales [5][6] - The sales of new energy vehicles reached 394,600 units in 2024, a growth of 13.4%, but the penetration rate remains below the industry average, accounting for approximately 20.8% of total sales [6][5] - Dongfeng's subsidiary, Dongfeng Motor Co., faced operational pressures, with a 20.03% decline in revenue in the first quarter of 2024 due to market competition and industry slowdown [8]