GREAT WALL MOTOR COMPANY LIMITED (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 2333)
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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 2015 The board of directors (the “Board”) of Great Wall Motor Company Limited (the “Company”) is pleased to announce the audited interim results of the Company and its subsidiaries for the six months ended 30 June 2015. This announcement, containing the full text of the 2015 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 2015 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 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 jointly and severally take responsibility for its contents. II. Director(s) absent from the Board meeting Position of the director(s) Name of Reasons for absent the director(s) being absent from the absent from the from the Board meeting Board meeting Board meeting Representative Independent director Ma Li Hui (Independent Work commitment Lu Chuang non-executive director) III. Deloitte Touche Tohmatsu Certified Public Accountants LLP (auditor of the Company) has issued the standard audited report for the Company without qualified opinion. 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 Feng Zhen, person-in-charge of the accounting affairs and Ji Wen Jun, 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 capitalization of capital reserve during the Reporting Period approved by the Board The Company proposes to issue share dividend by way of capitalisation of the undistributed profits on the basis of 10 new shares for every 10 shares in issue and distribute cash dividend of RMB2.50 per 10 shares (tax inclusive) out of the undistributed profits to all shareholders, aggregating to 3,042,423,000 shares and RMB760,605,750 (tax inclusive) based on the total of 3,042,423,000 share capital as of 30 June 2015. The Company also proposes to issue shares to all shareholders by way of capitalisation of capital reserve (share premium) on the basis of 10 shares for every 10 shares in issue, aggregating to 3,042,423,000 shares. After the issue of the share dividend and the capitalisation of capital reserves, the total capital of the Company will increase by 6,084,846,000 shares to 9,127,269,000 shares. The Proposal has been considered and approved at the twelfth meeting of the fifth session of the Board. The Proposal shall be subject to the approval by the shareholders at the general meeting. VI. Risks relating to forward-looking statements Forward-looking statements such as plans for the future described in this interim report do not constitute an actual commitment of the Company to investors. Investors should be aware of the relevant 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 Contents Section 1 Definitions 6 Section 2 Corporate Profile 7 Section 3 Highlights of Accounting Data and Financial Indicators 11 Section 4 Management Discussion and Analysis 13 Section 5 Report of the Board 22 Section 6 Significant Events 30 Section 7 Changes in Equity and Shareholders 38 Section 8 Directors, Supervisors and Senior Management 44 Section 9 Financial Report (Audited) 45 Section 10 Index of Documents Available for Inspection 196 Section 1 Definitions In this interim report, the following expressions shall, unless the context otherwise requires, have the following meanings: Definitions “A Shares” domestic share(s) 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)” holders of A Share(s); “Articles of Association” 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 PRC; “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; “Group” Great Wall Motor Company Limited and its subsidiaries; “H Shares” the overseas-listed foreign share(s) 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)” holders 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; “Model Code” Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 to the Hong Kong Listing Rules; “Non-Public Issuance” the proposed issuance of not more than 276,434,000 A Shares by the Company to not more than ten target investors and the proceeds from the issuance of A Share is expected to be not more than RMB12.0 billion; “PRC” the People’s Republic of China; “Reporting Period” six months ended 30 June 2015; “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; and “Shanghai Stock Exchange” Shanghai Stock Exchange in the PRC. 06 GREAT WALL MOTOR COMPANY LIMITED Section 2 Corporate Profile 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 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. 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 13th Floor, One Pacific Place, 88 Queensway, Hong Kong IV. INFORMATION DISCLOSURE AND PLACE OF DOCUMENT INSPECTION Designated newspapers for information disclosure China Securities Journal, Shanghai Securities News Website designated by the CSRC www.sse.com.cn for publishing this interim report Place for inspection of this interim report No. 2266 Chaoyang Road South, Baoding, Hebei Province, the PRC Website designated by Hong Kong Stock Exchange www.hkexnews.hk for publishing this interim report The Company’s website for publishing www.gwm.com.cn this interim report INTERIM REPORT 2015 07 Section 2 Corporate Profile V. INFORMATION ON THE COMPANY’S SHARES Stock exchanges Previous for the listing of stock Stock classes the Company’s Shares Stock abbreviation Stock code abbreviation A Shares Shanghai Stock Exchange Great Wall Motor 601633 — H Shares Hong Kong Stock Exchange Great Wall Motor 2333 — Stock exchanges for the listing of Number of Stock Classes the Company’s Shares Listing date issued shares Board lot A Shares Shanghai Stock Exchange 28 September 2011 2,009,243,000 100 A Shares (Total shares: 3,042,423,000 shares, H Shares: 1,033,180,000 shares) H Shares Hong Kong Stock Exchange 15 December 2003 1,033,180,000 500 H Shares (Total shares: 3,042,423,000 shares, A Shares: 2,009,243,000 shares) VI.