Presentation is loading. Please wait.

Presentation is loading. Please wait.

HK000KL3_Short 19 April 2007 HK000KL3 2006 Annual Results.

Similar presentations


Presentation on theme: "HK000KL3_Short 19 April 2007 HK000KL3 2006 Annual Results."— Presentation transcript:

1 HK000KL3_Short 19 April 2007 HK000KL3 2006 Annual Results

2 HK000KL3_Short 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

3 HK000KL3_Short I. PRC Auto Industry in 2006 1. 1.Rapid Growth of PRC Auto Industry 2. PRC Auto Industry Position in the Global Market

4 HK000KL3_Short - 4 - Rapid Growth of PRC Auto Industry PRC Total Vehicle Sales Volume Growth rate: 25.32% PRC Total PV Sales Volume 1 Growth rate: 30.35% 000’ units PRC Total CV Sales Volume Growth rate: 14.16% 000’units China Association of Automobile Manufactures (CAAM) Note1 : According to CAAM’s segmentation, passenger vehicles include passenger car, MPV, SUV and cross-over vehicles

5 HK000KL3_Short - 5 - PRC Auto Industry Position in the Global Market 20012002 … 200420052006 1 US 1747 US 1714 … US 1730 US 1700 2 Japan 581 Japan 578 …… Japan 585 China 721 3Germany 364 Germ any 352 …… China 512 China 575 4 UK 277 China 338 5 France 275 6 Italy 269 7 China 244 China Has Become the World’s 2nd Largest Auto Consumption Market Steady Increase of PRC Auto Global Market Share 0000’ units Global Market Share of PRC Auto Industry

6 HK000KL3_Short II. DFG Business Performance in 2006 1. 1.Business Continued to Maintain Strong Growth Momentum 2. 2.Sales and Market Share of DFG in Different Segments 3. 3.Rapid Growth of PV business 4. 4.Business Promoted by Constant Launch of New PV Models 5. 5.Steady Production Expansion Plan 6. 6.Continuous Rise of Local Content Ratio

7 HK000KL3_Short - 7 - Business Continued to Maintain Strong Growth Momentum 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. Rapid development of PV Business Steady Growth of Aggregate Sales Steady growth of CV business 000’ units Growth rate: 26.26% Growth rate: 40.94% Growth rate: 5.1% 000’ units

8 HK000KL3_Short - 8 - ■ 13.1% ■ 12.4% ■ 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% 000` unit Sales and Market Share of DFG in Different Segments

9 HK000KL3_Short - 9 - Rapid Growth of PV business Dongfeng Honda Automobile Co., Ltd Growth rate: 141.48% Growth rate: 43.39% Dongfeng Pegeot Citroen Automobile Co., Ltd PSA Peugeot Citroën Dongfeng Motor Company Ltd Growth rate: 24.69% The Company’s rapid PV growth in 2006 benefited from strong PV performance of its three major JCEs.

10 HK000KL3_Short - 10 - 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 2006 New 307 New TEAVA Dongfeng Peugeot 206 Civic C-Triomphe 车型 Sylphy C2 Livina Geniss Collection of new PV models 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. More new models to be launched

11 HK000KL3_Short - 11 - Steady Production Expansion Plan Comparatively High Level of Production Utilization Rate Steady Production Expansion Plan DFG Production Capacity and Utilization Rate

12 HK000KL3_Short - 12 - Constant Increase of 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; General Situation of DFG’s Utilization Rate

13 HK000KL3_Short III. 2006 Financial Performance 1. 1.Steady Growth of Major Business 2. 2.Stable Growth of Gross Profit Margin 3. 3.Continuous Improvement of Profitability

14 HK000KL3_Short - 14 - Steady Growth of Major Business Composition and Proportion of Sales Revenue Increased Sales Revenue Million RMB 15.64% Million RMB 48234 41735

15 HK000KL3_Short - 15 - Stable Growth of Gross Profit PV Gross Profit Margin DFG Overall Gross Profit & Gross Profit Margin CV Gross Profit Margin

16 HK000KL3_Short - 16 - Continuous Improvement of Profitability Improved ROE Increased Net Profit and NP Margin EBIT

17 HK000KL3_Short IV. Growth Prospect 1. 1.Growth Prospect of PRC Auto Industry in 2007 2. 2.Growth Prospect of DFG

18 HK000KL3_Short - 18 - Growth Prospect of PRC Auto Industry in 2007 PRC PV sector will maintain a fast development momentum, with a growth rate of 21.72% According to industry forecast made by CAAM, PRC auto sales will continue to grow by 17.8% PRC CV sector will develop steadily, with a growth rate of 7.85% 17.8% 21.72% 7.85% Source: Forcast of China Association of Automobile Manufactures (CAAM)

19 HK000KL3_Short - 19 - Sales Arrangement of DFG in 2007 Measures to be Taken Sales Target 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 In 2007, the Company aims to achieve an aggregate sales of 900,000 – 950,000 units, with the composition of PV and CV market composition of PV and CV market weights of 7:3

20 HK000KL3_Short - 20 - Thank You


Download ppt "HK000KL3_Short 19 April 2007 HK000KL3 2006 Annual Results."

Similar presentations


Ads by Google