1 / 19

DONGFENG MOTOR GROUP CO., LTD Nov. 14, 2006, Singapore

Global Change: Pls note 1 decimal for all percentages. Whole file clone from HK000KDQ. As request by the client, all the project should include the legend. DONGFENG MOTOR GROUP CO., LTD Nov. 14, 2006, Singapore. HK000KL3. Group Structure. Dongfeng Motor Corporation. 66.68%.

zia-larson
Download Presentation

DONGFENG MOTOR GROUP CO., LTD Nov. 14, 2006, Singapore

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Global Change: Pls note 1 decimal for all percentages Whole file clone from HK000KDQ As request by the client, all the project should include the legend DONGFENG MOTOR GROUP CO., LTD Nov. 14, 2006, Singapore HK000KL3

  2. Group Structure Dongfeng Motor Corporation 66.68% Public Shareholders 33.32% 96% 40% 50% 36.44% 95% 20% 35.2% 10% 50%

  3. Layout of Major Production Facility Four Major Production Facilities Shiyan Base: CV, Auto Parts , Auto Manufacturing Equipments Wuhan Base: Headquarter, PV Xiangfan Base: LCV, Engines, PV Guangzhou Base: PV, Engines, Auto Parts and Components Xinjiang Auto Shiyan Base Xiangfan Base Shanghai Wuhan Base Hangzhou Dongfeng Honda Auto Parts Liuzhou Auto Guangzhou Base

  4. Highlights in the First Nine Months of 2006 PV Growth Rate Higher than Industry Average from January to September of 2006 Remarkable Market Performance of Newly Launched Products Aggregate auto sales volume amounted to 532,000 Units PV sales volume reached 345,000 units, representing 34.75% Y0Y growth, which is higher than industry average(31.39%) Several newly launched models, including new Dongfeng Nissan Teana, Dongfeng Peugeot 206, Dongfeng Citroen C-Triomphe and Dongfeng Honda Civic were well received by the market and the recently launched Nissan Sylphy also became a new growth driver for the Group. Turning Around of DPCA, with Remarkably Improved Operation Favorable Financial Performance in 1H Sales revenue YoY increased 9.8% Net porfit YoY increased68.75% Gross profit margin YoY increased 47.65% Net ROE YoY increased 7.2% In IH2006 sales volume broke through 100,000 units, recording a YoY increase of 38% and a profit of RMB190 ml, operational level remarkably improved 注1:2004年可比口径的净利润为13.2亿人民币,具体参见本报告第16页

  5. I. Business Performance • Chinese Auto Industry Continues to Maintain Strong Growth Momentum • Well Positioned PV Business Entered a Fast Development Stage • Production Capacity Expansion Projects Steadily Pushed Forward

  6. 1. PRC Auto Industry Maintains a Good Growth Momentum from January to September PRC Total Auto Sales PRC Total PV Sales unit:,000 unit:,000 Growth Rate: 31.39% Growth Rate: 25.01% PRC Total CV Sales unit: ,000 Growth Rate: 11.6% 资料来源:中国汽车工业协会 注1:按照中国汽车工业协会的分类方法,乘用车包括基本型乘用车(轿车)、MPV、SUV和交叉型乘用车

  7. PSA Peugeot Citroën 2. Well Positioned PV Business Entered a Fast Development Stage Sales of PV- Dongfeng Motor Co. Ltd Total sales of PV - Dongfeng Motor Group Growth rate: 19.7% Unit:,000 ,ooo units 177,136 Growth rate: 34.78% Sales of PV- Dongfeng Peugeot Citroën Unit: ,000 Growth rate: 37.65% Sales of PV-Dongfeng Honda Automobile Growth rate: 125% Unit:,000 47,071 Each JV strategically launched competitive new models directed at each sub-segment, which fastly pushed forward the Group’s PV industry. Source: Forcast of China Association of Automobile Manufactures (CAAM)

  8. 3.Production Capacity Expansion Projects Steadily Pushed Forward Continue to Push Forward Production Capacity Expansion Projects in a Timely Manner Push Forward PV Production Capacity Expansion Projects On March 26, Dongfeng Honda 120,000 units Capacity put into production. DPCA progressively push forwarded its 2nd phase capacity expansion project. By the end of June, an annual production capacity of 220,000 units was formed. Last month, its second plant was broken ground for construction. By 2009, total annual capacity will reach 450,000 units. On February 28, DFL’s PV engine production base completed construction and went into production. As of June 30 2006,DFL has formed a total annual PV production capacity of 285,000 units. In 2006, the Group steadily pushed forward its capacity expansion projects, which laid a solid foundation for its future sustainable development

  9. II. Financial Performance • Steady Revenue Growth • Continuous Growth of Gross Profit Margin • Robust Profit Growth • Turning Around of DPCA in 1H2006 • Continuous Improvement of Operation Efficiency • Further Reduction of Liability Level

  10. 1. Steady Revenue Growth Sales Revenue Composition of Revenue RMB million 9.9% Rapid sales growth as well as a steady pricing policy guaranteed a continuous and steady growth of the Group’s sales revenue

  11. 2. Continuous Growth of Gross Profit PV Gross Profit Margin DFG’s Overall Gross Profit and Gross Profit Margin RMB million CV Gross Profit Margin Significant growth of the Group’s PV gross profit and gross profit margin guarantees the steady increase of the Group’s gross profit margin

  12. 3.Robust Profit Growth Sales Growth DFG’s Total Net Profit 000’ units RMB Million Fast growth of PV sales volume and steady pricing policy guaranteed a continuously steady growth of the Group’s sales revenue

  13. 4. Successful Turning Around of DPCA in 1H 2006 Strong Growth of Sales Volume Net Profit • Constant increase of localization rate and cost reduction through technology advancement • Cost reduction through centralized procurement • Cost reduction through improvement of management Unit RMB Million 38% Reduce Cost and Improve Efficiency Robust sales and constant cost reduction and improvement of efficiency contribute to DPCA’s successful turning around

  14. 5.Continuous Improvement of Operational Efficiency Net Profit Margin Return on Equity Improvement of operation efficiency led to steady growth of the Group’s ROA and ROE

  15. 6. Further Reduction of Liability Level Net Debt/ Capital Total Liabilities / Total Assets Significant drop of net debt makes the Group’s capital structure more flexible and healthier

  16. III. Future Prospect • Prospect of PRC Auto Industry in 2H 2006 • Outlook of DFG

  17. 1. Prospect of PRC Auto Industry in 2H 2006 At the beginning of 2006, CAAM estimated that PRC automobile industry annual sales growth for 2006 would reach 13% 000’ units 13% Source: Forcast of China Association of Automobile Manufactures (CAAM)

  18. 2. Outlook of DFG Sales Planning Specific Measures 000 ’units • Passenger Vehicles: • In the 2H, Dongfeng Nissan Sylphy, Geniss and Dongfeng Citroen T21 successively launched to the market. • 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. • Commercial Vehicles: • Strengthen marketing of newly launched products • Safeguard competitiveness of old products • Promote export and expand overseas market share

  19. ` Thanks!

More Related