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Company Profile
Chairman Zhu Yanfeng
Share Issued (share) 2,856M
Par Currency RMB
Par Value 1
Industry Automobiles & Components
Corporate Profile Business Summary:
The Group was principally engaged in the manufacture and sale of automobiles, engines and other automotive parts and rendering of financing services.

Performance for the year:
The revenue of the Group for 2019 was approximately RMB101,087 million, representing a decrease of approximately RMB3,456 million or 3.3% compared with RMB104,543 million for the corresponding period of last year.

Business Review:
I. The sales volume outperformed the market, and the operation maintained high quality. The sales volume of vehicles throughout the year the Groupre approximately 2.932 million, representing a year-on-year decrease of 3.9%, which was 4.3 percentage points higher than the growth rate of the automobile industry, accounting for approximately 11.4% in the market, representing an increase of 0.5 percentage point as compared with the same period last year. During the Reporting Period, the Company continued to adhere to the high-quality development strategy, continued to strengthen its inventory management, achieved “profitable sales volume and profit with cash flow” as a whole, and maintained stability of the profit and profit margin.

II. Both passenger and commercial vehicles outperformed the market, especially for commercial vehicles. The sales of passenger vehicles throughout the year the Groupre 2.464 million, representing a year-onyear decrease of 5.7%, which was 3.9 percentage points higher than that of the passenger vehicle industry. The sales of commercial vehicles throughout the year the Groupre 468,333, representing a year-on-year increase of 6.3%, which was 7.4 percentage points higher than that of the commercial vehicle industry.

III. The performance of the joint venture passenger vehicles outperformed the market, and the sales of self-owned brands stabilized and rebounded. Among the operating units of joint venture passenger vehicles, Dongfeng Nissan and Dongfeng Honda outperformed the trend and increased against the trend. Dongfeng Peugeot Citroën Automobile implemented the “RMB” plan to promote the entire value chain of the Company back to a healthy development track. Dongfeng Renault adjusted its brand strategies to transform and change its difficulties in operation. Within the operating units of self-owned brands, Sales of passenger vehicles of Dongfeng have outperformed the industry since May. The sales volume of Dongfeng Venucia and Dongfeng Liuqi passenger vehicles outpaced the industry performance.

IV. The market share of commercial vehicles was balanced, and the objective of reshaping the leading edge of commercial vehicles was steadily advanced. The sales volume of medium and heavy trucks throughout the year was 261,000, representing a year-on-year increase of 5.7%, outperforming the market by 6.6 percentage points, the sales of light trucks by 176,203 units, representing a year-on-year increase of 9.2%, leading the industry by 9.8 percentage points, to steadily advance the objective of reshaping the leading edge of commercial vehicles based on the full value chain.

V. The Group accelerated the construction of the core competence of the “Five Megatrends”, promoting the conversion of new and old momentum. The Group continued to enhance the industrialization, engineering capabilities and standards of new energy vehicles, developed intelligent connectivity automobile and service businesses, and actively sought for innovative development and long-term development.

Prospects:
First, continue to build core capabilities to promote breakthrough development in self-owned business. Create new leading advantages for commercial vehicles, strive to promote autonomous passenger vehicles, consolidate and upgrade the first brand of military vehicles, and promote the transformation and upgrading of spare parts business.

Second, accelerating the development of the layout for new energy business, including the development of new energy vehicles and vehicles with intelligent connectivity, development of industry chain and model innovation, and further improving the integration and innovation of “Five Megatrends” and possessing core technology.

Third, promoting healthy and sustainable development of joint venture and improving the level of joint venture cooperation. Consolidate and improve the favthe Group’sable development trend of Dongfeng Nissan and Dongfeng Honda, and focus on the difficulties in the development of Dongfeng Peugeot Citroën and Dongfeng Renault.

Fthe Group’sth, continuously enhancing management and speeding up the construction of digital Dongfeng.
Information from the financial statements of listed companies
Last Update: 2020/06/08
 
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