Presentation is loading. Please wait.

Presentation is loading. Please wait.

HK000KL3_ShortHK000KL3 Interim report 2007 30 Aug 2007.

Similar presentations


Presentation on theme: "HK000KL3_ShortHK000KL3 Interim report 2007 30 Aug 2007."— Presentation transcript:

1 HK000KL3_ShortHK000KL3 Interim report 2007 30 Aug 2007

2 HK000KL3_Short I 、 PRC Auto Industry Overview in 1H2007 II 、 DFG Business Overview in 1H2007 III 、 DFG Financial Performance in 1H2007 IV 、 Outlook of DFG and PRC Auto Industry in 2007

3 HK000KL3_Short I 、 PRC Auto Industry Overview in 1H2007 1. 1.Rapid Development of PRC Auto Industry 2. 2.More Extensive Choices for Consumers with Constant Launch of New Models 3. 3.CV Growth Higher than Industry Expectation, with Heavy Duty Truck Segment Recording Outstanding Increase 4. 4.Overall Industry Profitability Improved, while Downward Price Pressure Still Exists 5. 5.Auto Consumption Expands from 1 st Tier Cities to 2 nd Tier Cities, Which Rapidly Drives Auto Sales Growth 6. 6.Rapidly Rising Self-owned Brands Which Targets at Low End Market

4 HK000KL3_Short - 4 - Growth Rate: 25.9% 1. Rapid Growth of PRC Auto Industry PRC Total Vehicle Sales Volume PRC Total PV Sales Volume1 000’ units PRC Total CV Sales Volume 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 Growth rate : 23.3% Growth Rate: 22.2%

5 HK000KL3_Short - 5 - 2. More Extensive Choices for Consumers with Constant Launch of New Models FebMarApr May Below 100,000 100,000—200,000 200,000- 300,000 Brand New PV Models in 1H2007 Brand New PV Models in 1H2007 RIO 千里 马 长安天语 JanJun 荣威荣威荣威荣威 S-MAX 三厢威志 两厢 F3 奇瑞 A1 骊威两厢天语 长安杰勋 卡罗拉 浪迪 明锐 海马 3 森雅 瑞鹰 Model Launches and Price Range Distribution Model Launches and Price Range Distribution RMB0,000

6 HK000KL3_Short - 6 - 3. CV Growth Higher than Industry Expectation, with Heavy Duty Truck Segment Recording Outstanding Increase Favorable Macro Economy Boosted Fast Growth of HDT Impact from Implementation of Weight Tolling Upgrade of Highway Transportation Network and Demand Growth for Highway Freight Pre-consumption of HDT Due to Coming Implementation of National III Emission Standard

7 HK000KL3_Short - 7 - 4. Overall Industry Profitability Improved, while Downward Price Pressure Still Exists Improved Auto Industry Profitability Mid 2007Mid 2006Growth/rat e Number of Enterprises 28824939 Loss-making Enterprises 6074-14 Major Business Revenue( 100m n) 4863.763842.5926.58% Sales Profit Margin 6.21%4.74%1.47% Total Profit (000mn) 302.06182.1965.79% ROE8.54%6.06%2.48% Stabilizing Auto Industry Profitability Source: CICC Research Report Source : CAAC

8 HK000KL3_Short - 8 - 5. Rapidly Rising Self-owned Brands Which Targets at Low End Market Market Position of Self-owned Brands Rapidly Enhanced Self-owned Brands Target at Low Medium End Markets Source : CICC Auto Industry Report

9 HK000KL3_Short - 9 - 6. Auto Consumption Expands from 1st Tier Cities to 2nd Tier Cities, Which Rapidly Drives Auto Sales Growth Ownership Rate in 1 st Tier Cities Ownership Rate in 1 st Tier Cities Ownership Rate in 1st Tier Cities Source:CICC Auto Industry Report

10 HK000KL3_Short II 、 DFG Business Overview in 1H2007 1. 1.Stable Growth of DFG Business in 1H2007 2. 2.Segments Sales and Market Share of DFG 3. 3.Stable Growth of DFG PV Business 4. 4.Constant Launch of Competitive New Models 5. 5.Steady Production Capacity Expansion Plan 6. 6.Continuous Improvement of Local Content Ratio

11 HK000KL3_Short - 11 - Steady Growth of PV Sales Steady Growth of Auto Sales Rapid Growth of CV Business 1. Stable Growth of DFG Business in 1H2007 DFG’s total sales reached 460,000 units in 1H2007, representing a YoY growth of 28.5%, higher than the industry average of 23.3%. Among which, PV sales grew by 28.3%, and CV sales grew by 28.8%. 000’units Growth rate: 28.5% Growth rate: 28.3% 000’units Growth rate: 28.8% 000’units

12 HK000KL3_Short - 12 - ■ 11.4% ■ 11.3% ■ 11.4% ■ 12.3% ■ 11.6% ■ 15.9% ■ 14% ■ 14.9% ■ 13.9% ■ 21.8% ■ 21.6% ■ 17.2% ■ 24.8% ■ 23.7% ■ 26% ■ 10.6% ■ 10.5% ■ 11.3% 000’ units 2. Segments Sales and Market Share of DFG

13 HK000KL3_Short - 13 - 0’unit 3. Stable Growth of DFG PV Business DFG total sales reached 299,000 units in 1H2007, representing a YoY increase of 28.3% Dongfeng Nissan Company Ltd Growth rate: 29.16% Growth rate: 1.55% Dongfeng Peugeot Citroen Co.,Ltd PSA Peugeot Citroën Dongfeng Honda Automobile Co.,Ltd Growth rate: 169.03%

14 HK000KL3_Short - 14 - 4. Constant Launch of Competitive New Models 1H2007 Model 3 brand-new models were launched in 1H 2006 New Peugeot3 07 New Teana Peugeot 206 Civic C- Triomphe Sylphy C2 Livina Geniss New models launched in 2006 New Picasso Livina New CRV Newly launched models were well received by the market   Dongfeng Peugeot Citroen (DPCA)   On March 24 th, brand new Sara Picasso was launched to the market. By the end of July, aggregate sales reached approximately 4000 units   Dongfeng Motor Company (DFL)   On April 22 nd, DFL’s brand new Livina made its debut. By the end of July, aggregate sales reached 19585 units   Dongfeng Honda Automobile Co.,Ltd (DHAC)   On April 18th , Dongfeng Honda new CRV went to the market. It has been warmly received by the market ever since its debut. By the end of July, aggregate sales reached 15047 units.

15 HK000KL3_Short - 15 - 5. Steady Production Capacity Expansion Plan Steady Production Capacity Expansion Plan 000’units Steady Growth of Utilization Rate 000’units

16 HK000KL3_Short - 16 - 6. Continuous Improvement of Local Content Ratio Compa ny ModelsLocalization Rate in 1H2007Localization Rate by 2007 endFuture Improvement Plan DPCAFukang89%92%94% Elysee88%91%95% C279%84%85% 20680%84%85% Picasso62%64%65% C-Triomph70%82%85% 30781%87%89% DFLTeana66%67% Tiida/Tiida Hatchback70%75% Sylphy60%66% Livina Geniss65%71% Livina70% DHACCIVIC80% CRV66% 70%

17 HK000KL3_Short III. DFG Financial Performance in 1H2007 1. 1.Stable Growth of Major Business 2. 2.Steady Growth of Gross Profit 3. 3.Ever Enhanced Profitability and Operation Effectiveness

18 HK000KL3_Short - 18 - 1. Stable Growth of Major Business Sales Revenue Structure and Breakdown Sales Revenue Growth 23.7% Million RMB 23282 28809

19 HK000KL3_Short - 19 - 2. Steady Growth of Gross Profit PV GP Margin DFG Gross Profit and GP Margin CV GP Margin Million RMB

20 HK000KL3_Short - 20 - 3. Ever Enhanced Profitability and Operation Effectiveness Improved ROE Improved Net Profit & NP Margin Improved Turnover Rate Million RMB

21 HK000KL3_Short IV. Growth Prospect of PRC Auto Industry & DFG in 2007

22 HK000KL3_Short - 22 - Growth Prospect of PRC Auto Industry According to the forecast of our Group’s business plan, total PRC auto demand would reach 8,573,000 units in 2007 ( including 157,000 units of imported vehicles); annual PV demand would reach 6,321,000 units( if imported PV 150,000 units excluded, sales of domestically manufactured PV would be 6,171,000 units), representing a growth of 16.96% compared with total sales of 5,404,000 units in 2006( including 227,700 units of imported PVs; total CV sales is expected to reach 2,252,000 units ( including 7000 units imported CV ), with a YoY growth of 9.8%. Annual sales target of our Group is between 900,000 units to 950,000 units with a sales breakdown of 70:30 between PV and CV.

23 HK000KL3_Short - 23 - Thanks


Download ppt "HK000KL3_ShortHK000KL3 Interim report 2007 30 Aug 2007."

Similar presentations


Ads by Google