長 城 汽 車 股 份 有 限 公 司 Great Wall Motor Company Limited
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock code: 2333) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 The board of directors (the “Board”) of Great Wall Motor Company Limited (the “Company”) is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended 30 June 2021. This announcement, containing the full text of the 2021 Interim Report of the Company, is prepared with reference to the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of interim results. Printed version of the Company’s 2021 Interim Report will be delivered to the Company’s shareholders and will also be available for viewing on the websites of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and of the Company at www.gwm.com.cn. By order of the Board Great Wall Motor Company Limited Xu Hui Company Secretary * For identification purpose only IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the information in this interim report is true, accurate and complete and does not contain any false representations, misleading statements or material omissions, and severally and jointly take legal liability for its contents. II. All the directors of the Company attended the Board meeting. III. This interim report has not been audited. The financial information in this interim report was prepared in accordance with China Accounting Standards for Business Enterprises and the relevant laws and regulations. IV. Wei Jian Jun, person-in-charge of the Company, Li Hong Shuan, person-in-charge of the accounting affairs and Wang Hai Ping, person-in-charge of the accounting department (head of the accounting department), declare that they warrant the truthfulness, accuracy and completeness of the financial report in this interim report. V. Proposal of profit distribution or capitalisation of capital reserve during the Reporting Period considered by the Board From January to June 2021, the Company achieved net profit attributable to shareholders of the parent of RMB3,528,617,024.84. As at 30 June 2021, undistributed profits of the Company were RMB41,954,304,884.87. The Company proposed to distribute interim cash dividends as of 30 June 2021 to the shareholders of the Company of RMB2,760,863,663.70 based on the total share capital on the record date for profit distribution, being RMB0.30 per share (tax inclusive). If the total share capital of the Company changes during the period from the date of disclosure of this plan to the record date for the implementation of the profit distribution, the Company will maintain the amount of distribution per share and adjust the total amount of distribution accordingly. The above proposal has been approved at the 24th meeting of the seventh session of the Board and is subject to consideration and approval at the shareholders’ general meeting. VI. Risks relating to forward-looking statements √ Applicable Not applicable Forward-looking statements, such as future plans described in this report, do not constitute an actual commitment of the Company to investors. Investors should be aware of the relevant investment risks. VII. Was there any non-operational appropriation of the Company’s funds by its controlling shareholders and related parties？ No VIII. Was there any provision of guarantee to external parties in violation of the stipulated decision-making procedures？ No IX. Was there over half of the directors unable to guarantee the truthfulness, accuracy, and completeness of the interim report disclosed by the Company? No X. Reminder of material risks During the Reporting Period, there were no material risks resulting in any material impact on the production and operation of the Company. Risks that the Company may encounter in the course of its production and operation and its corresponding measures have been detailed in “Other Disclosures” under Item V of Section 3 headed “Management Discussion and Analysis” of this report. XI. Others Applicable √ Not applicable CONTENTS Section 1 Section 6 Definitions 8 Significant Events 72 Section 2 Section 7 Corporate Profile and Changes in Shares and Shareholders 89 Key Financial Indicators 10 Section 8 Section 3 Description of Preference Shares 98 Management Discussion and Analysis 15 Section 9 Section 4 Description of Corporate Bonds 99 Corporate Governance 47 Section 10 Section 5 Financial Report 103 Environmental and Social Responsibility 57 Index of Documents Financial statements signed and sealed by the legal representative, person in- Available for Inspection charge of the accounting affairs and person-in-charge of the accounting department. The original auditor’s report with the seal of the accounting firm and signatures and seals of the certified public accountants. 8 GREAT WALL MOTOR COMPANY LIMITED Section 1 Definitions In this report, the following expressions shall, unless the context otherwise requires, have the following meanings: Definitions for commonly used terms “A Shares” domestic shares with a nominal value of RMB1.00 each in the share capital of the Company which are listed on the Shanghai Stock Exchange and traded in Renminbi (Stock Code: 601633); “A Shareholder(s)” holder(s) of A Share(s); “Articles” articles of association of the Company, as amended, modified or otherwise supplemented from time to time; “Board” the board of directors of the Company; “Company” or Great Wall Motor Company Limited (長城汽車股份有限公司), a joint stock “Great Wall Motor” company incorporated in the PRC with limited liability, the H Shares and A Shares of which are listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange, respectively; “Company Law” Company Law of the People’s Republic of China; “Competing Business” a business that is identical with or similar to the principal business and other businesses of Great Wall Motor Company Limited; “CSRC” China Securities Regulatory Commission; “Great Wall Binyin” Tianjin Great Wall Binyin Automotive Finance Company Limited (天津長城 濱銀汽車金融有限公司); “Great Wall Holdings” Baoding Great Wall Holdings Co., Ltd. (保定市長城控股集團有限公司); “Group” Great Wall Motor Company Limited and its subsidiaries; “H Shares” the overseas-listed foreign shares with a nominal value of RMB1.00 each in the share capital of the Company which are listed on the Main Board of the Hong Kong Stock Exchange and traded in Hong Kong dollars (Stock Code: 2333); “H Shareholder(s)” holder(s) of H Share(s); “Hong Kong Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as amended from time to time; “Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited; INTERIM REPORT 2021 9 Section 1 Denitions “Model Code” Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 to the Hong Kong Listing Rules; “PRC” the People’s Republic of China; “Reporting Period” or six months ended 30 June 2021; “Current Period” “SFC” The Securities and Futures Commission in Hong Kong; “SFO” Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as amended from time to time; “Shanghai Stock Exchange” Shanghai Stock Exchange; and “Spotlight Automotive” Spotlight Automotive Limited (光束汽車有限公司). 10 GREAT WALL MOTOR COMPANY LIMITED Section 2 Corporate Profile and Key Financial Indicators I. CORPORATE INFORMATION Chinese name of the Company 長城汽車股份有限公司 Abbreviation of Chinese name of the Company 長城汽車 English name of the Company Great Wall Motor Company Limited Abbreviation of English name of the Company Great Wall Motor Legal representative of the Company Wei Jian Jun II. CONTACT PERSONS AND CONTACT METHODS Secretary to the Board Representative of Securities Affairs Name Xu Hui (Company Secretary) Chen Yong Jun Address No. 2266 Chaoyang Road South, No. 2266 Chaoyang Road South, Baoding, Hebei Province, the PRC Baoding, Hebei Province, the PRC Telephone 86(312)-2197813 86(312)-2197813 Fax 86(312)-2197812 86(312)-2197812 E-mail address [email protected] [email protected] III. CHANGE IN BASIC INFORMATION Registered address of the Company No. 2266 Chaoyang Road South, Baoding, Hebei Province, the PRC Postal code of the registered address of the Company 071000 Office address of the Company No. 2266 Chaoyang Road South, Baoding, Hebei Province, the PRC Postal code of the office address of the Company 071000 Company’s website www.gwm.com.cn E-mail address [email protected] Principal place of business in Hong Kong Room 1903-1904, 19/F, Hong Kong Trade Centre, 161 Des Voeux Road Central, Sheung Wan, Hong Kong IV. INFORMATION DISCLOSURE AND CHANGE IN PLACE OF DOCUMENT INSPECTION Designated newspapers for information disclosure China Securities Journal, Shanghai Securities News Website designated by the CSRC for publishing www.sse.com.cn this interim report Place for inspection of the Company’s interim report Securities & Legal Affairs Department of Great Wall Motor Company Limited No. 2266 Chaoyang