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2006 Annual Result s. 1 9 April 2007. HK000KL3. I 、 PRC Auto Industry in 2006. II 、 DFG 2006 Business Overview. III 、 DFG Financial Performance in 2006. IV 、 Outlook of DFG and PRC Auto Industry in 2007. I. PRC Auto Industry in 2006. Rapid Growth of PRC Auto Industry
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2006 Annual Results 19 April 2007 HK000KL3
I、PRC Auto Industry in 2006 II、DFG 2006 Business Overview III、DFG Financial Performance in 2006 IV、Outlook of DFG and PRC Auto Industry in 2007
I. PRC Auto Industry in 2006 • Rapid Growth of PRC Auto Industry • 2. PRC Auto Industry Position in the Global Market
Rapid Growth of PRC Auto Industry PRC Total PV Sales Volume1 PRC Total Vehicle Sales Volume 000’units 000’ units Growth rate: 30.35% Growth rate: 25.32% PRC Total CV Sales Volume 000’units Growth rate: 14.16% China Association of Automobile Manufactures (CAAM) Note1:According to CAAM’s segmentation, passenger vehicles include passenger car, MPV, SUVand cross-over vehicles
PRC Auto Industry Position in the Global Market China Has Become the World’s 2nd Largest Auto Consumption Market Steady Increase of PRC Auto Global Market Share Global Market Share of PRC Auto Industry 0000’ units
II. DFG Business Performance in 2006 • Business Continued to Maintain Strong Growth Momentum • Sales and Market Share of DFG in Different Segments • Rapid Growth of PV business • Business Promoted by Constant Launch of New PV Models • Steady Production Expansion Plan • Continuous Rise of Local Content Ratio
Business Continued to Maintain Strong Growth Momentum Steady Growth of Aggregate Sales Rapid development of PV Business 000’ units Growth rate: 40.94% In 2006,the Company’s total sales reached 751,000 units, representing a YoY growth of 26.26%, among which PV business achieved rapid development while the CV sector grew steadily. 000’ units Growth rate: 26.26% Steady growth of CV business 000’ units Growth rate: 5.1%
■13.1% ■12.4% 000` unit ■10.6% ■9.7% ■24.8% ■28.8% ■21.8% ■30.3% ■12.5% ■13.8% ■12.5% ■13.6% ■14% ■17.6% ■12.3% ■12.1% ■11.4% ■10.7% ■9.6% ■8.8% ■10.4% ■10.3% Sales and Market Share of DFG in Different Segments
Dongfeng Motor Company Ltd Growth rate: 43.39% Dongfeng Pegeot Citroen Automobile Co., Ltd PSA Peugeot Citroën Dongfeng Honda Automobile Co., Ltd Growth rate: 24.69% Rapid Growth of PV business The Company’s rapid PV growth in 2006 benefited from strong PV performance of its three major JCEs. Growth rate: 141.48%
C2 Livina Geniss Sylphy Civic New 307 New TEAVA Business Promoted by Constant Launch of New PV Models New Models were Well-received by the Market Selection of Newly Launched PV Models in 2006 Dongfeng Peugeot Citroen • On March 6th, Dongfeng Peugeot 206 was launched to the market. • On May 16, improved Dongfeng Peugeot 307 with brand new CMS technology was launched • On April 28, Dongfeng Citroen C-Triomphe rolled off the production line and on May 28, the first batch were delivered to customers. • In October, Dongfeng Citroen C2 was launched • Dongfeng Nissan • On April 20, new Teana equipped with Nissan’s new 2.0L engines was launched to the market and began to participate in the 2.0L PV sub-segment competition • On August 24th, Dongfeng Nissan Sylphy went to market • In October, brand new MPV Livina Geniss made its global debut in PRC market • Dongfeng Honda • On April 22, newly launched Honda Civic simultaneously went on sale in 81 Dongfeng Honda dealer shops with positive market response. 车型 More new models to be launched Collection of new PV models C-Triomphe Dongfeng Peugeot 206 2006
Steady Production Expansion Plan Comparatively High Level of Production Utilization Rate Steady Production Expansion Plan DFG Production Capacity and Utilization Rate
Constant Increase of Utilization Rate General Situation of DFG’s Utilization Rate Utilization Rate of Major PV Models • In 2006, localization rate of auto products manufactured by Dongfeng Honda reached 75%, and expects to reach 80% in 2007; • Localization rate of all PV models expects to increase by another 5-10% in 2007;
III. 2006 Financial Performance • Steady Growth of Major Business • Stable Growth of Gross Profit Margin • Continuous Improvement of Profitability
Million RMB 15.64% Steady Growth of Major Business Composition and Proportion of Sales Revenue Increased Sales Revenue Million RMB 41735 48234
Stable Growth of Gross Profit DFG Overall Gross Profit & Gross Profit Margin PV Gross Profit Margin CV Gross Profit Margin
Continuous Improvement of Profitability EBIT Increased Net Profit and NP Margin Improved ROE
IV. Growth Prospect • Growth Prospect of PRC Auto Industry in 2007 • Growth Prospect of DFG
Growth Prospect of PRC Auto Industry in 2007 According to industry forecast made by CAAM, PRC auto sales will continue to grow by 17.8% PRC PV sector will maintain a fast development momentum, with a growth rate of 21.72% 21.72% 17.8% PRC CV sector will develop steadily, with a growth rate of 7.85% 7.85% Source: Forcast of China Association of Automobile Manufactures (CAAM)
Sales Arrangement of DFG in 2007 Measures to be Taken Sales Target In 2007, the Company aims to achieve an aggregate sales of 900,000 – 950,000 units, with the composition of PV and CV market weights of 7:3 • PV Business: • DFG major JCEs will launch no less than 4 new PV models; • Further improve localization rate and reduce cost through advancement of technology, management and central procurement, so as to improve competitive edge of our products in the market. • CV Business: • Strengthen marketing of newly launched models and safeguard competitiveness of old models so as to enhance our products’ competitiveness in their respective segment