Diagnostic List GREAT WALL MOTOR V9.80
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Annual Report 2017
(a joint stock company Incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 Annual Report 2017 * 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 content set out in this annual report is true, accurate and complete and does not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents. II. All the directors of the Company attended the Board meeting. III. Deloitte Touche Tohmatsu Certified Public Accountants LLP has issued the standard audited report for the Company without qualified opinion. The financial information in the annual 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 Lu Cai Juan, 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 annual report. V. Proposal of profit distribution or capitalization of capital reserve during the Reporting Period reviewed by the Board As audited by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the net profit of the Group and net profit attributable to shareholders of the Company in 2017 amounted to RMB5,043,386.53 and RMB5,027,297,997.74 respectively. The Company proposed to declare a cash dividend of RMB1,551,635,730.00 (representing RMB0.17 per share) (tax inclusive) to the shareholders of the Company for the year ended 31 December 2017. -
2017 Passenger Vehicles Actual and Reported Fuel Consumption: a Gap Analysis
2017 Passenger Vehicles Actual and Reported Fuel Consumption: A Gap Analysis Innovation Center for Energy and Transportation December 2017 1 Acknowledgements We wish to thank the Energy Foundation for providing us with the financial support required for the execution of this report and subsequent research work. We would also like to express our sincere thanks for the valuable advice and recommendations provided by distinguished industry experts and colleagues—Jin Yuefu, Li Mengliang, Guo Qianli,. Meng Qingkuo, Ma Dong, Yang Zifei, Xin Yan and Gong Huiming. Authors Lanzhi Qin, Maya Ben Dror, Hongbo Sun, Liping Kang, Feng An Disclosure The report does not represent the views of its funders nor supporters. The Innovation Center for Energy and Transportation (iCET) Beijing Fortune Plaza Tower A Suite 27H No.7 DongSanHuan Middle Rd., Chaoyang District, Beijing 10020 Phone: 0086.10.6585.7324 Email: [email protected] Website: www.icet.org.cn 2 Glossary of Terms LDV Light Duty Vehicles; Vehicles of M1, M2 and N1 category not exceeding 3,500kg curb-weight. Category M1 Vehicles designed and constructed for the carriage of passengers comprising no more than eight seats in addition to the driver's seat. Category M2 Vehicles designed and constructed for the carriage of passengers, comprising more than eight seats in addition to the driver's seat, and having a maximum mass not exceeding 5 tons. Category N1 Vehicles designed and constructed for the carriage of goods and having a maximum mass not exceeding 3.5 tons. Real-world FC FC values calculated based on BearOil app user data input. -
Outlook Is Not So Dim Recommendation: BUY
MASTERS IN FINANCE QUITY ESEARCH E R GREATWALL MOTOR (2333 HK) COMPANY REPORT INDUSTRY : AUTOMOBILE 5 MAY 2016 STUDENT: JIASHENG WANG [email protected] Outlook is not so dim Recommendation: BUY GWM is underpriced despite of no growth prospect Price Target FY17: 11.29 HK$ . Consumers’ affection for SUV didn’t cool down in 2015 and Price (as of 4-May- will extend to next two years whereas the whole vehicle market of 5.88 HK$ 2016) China regressed to the slowing GDP growth. Thanks to deep dedication to SUV segment (82% of total), the company achieved the 52-week range (HK$) 4.96-18.57 sale target of 850k vehicles in 2015 with 21.5% revenue growth. But Market Cap (HK$ m) 79,399 Outstanding Shares (m) 9,127 GWM’s SUV growth was below the industry average. Company’s net profit held on due to deterioration of margin rate. In Q1 2016, most of Source: Bloomberg and company f ile as of May 4, 2016 the models showed negative YoY growth apart from H1 and H6. In 2015 the highest-end SUV H8 was eventually launched after several postponements but ended up with poor sale. The frequent price-off promotion propped up the double-digit growth but gross margin was hurt. The marketing strategy of “Blue-Red logo” would greatly enrich GWM’s product lines and enhance effectiveness of marketing strategy. Also, the establishments of factory and sale branches oversea would bring to GWM more sources of income. I hold bearish view on GWM’s future performance because: Source: Bloomberg (base date: Jan 2005) (i)the price of upcoming SUV H7 is not friendly enough to become a (Values in 2015 2016E 2017E 2018E RMB millions) hot sale model; (ii)the next generation of H6 might loss cost Rev enues 76,033 80,943 89,560 94,568 advantage given the current price war; (iii)the fail of equity financing Gross prof it 16,222 17,979 18,174 19,176 delays GWM’s entrance into NEV market. -
Thule Guide 2018 Roof Racks & Rear Door-Mounted Bike Racks
Thule Guide 2018 Roof Racks & Rear Door-mounted Bike Racks Online guide with the latest recommendations: www.thule.com/global/buyers-guide Content Roof Racks 3 How to buy a roof rack system 3 Roof Racks 4 Roof Rack Feet 6 How much can you carry? 7 Roof Rack Guide 8 Professional Racks 90 Professional Rack Guide 93 Rear Door-mounted Bike Racks 99 Rear Door-mounted Bike Rack Guide 101 Safety & Warranty 136 2 Roof Racks How to buy a roof rack system • Identify your car model and year RacksRoof • Identify your roof type 1 Roof rails 2 Normal roof 3 Fixed points 4 Flush rails 5 Rain gutters 6 T-track • Check your custom fit in this guide or at www.thule.com We are constantly fitting new vehicles. If you cannot find your vehicle model listed in this guide, please find the latest updates in the Buyer’s Guide atwww.thule.com . Thule One-Key System Make life easier and save yourself the trouble of keeping track of different sets of keys for your roof rack, ski rack, bike rack or roof box. Exchange the lock cylinders in all your Thule products and use the same key for all. Simply ask for Thule One-Key System! SPECIFICATIONS Available in four versions: 4 locks (544), 6 locks (596), 8 locks (588) and 12 locks (452). 3 Roof Racks Thule WingBar Edge Thule WingBar Edge has a low profile that perfectly complements the car’s roofline. The advanced aerodynamic shape combined with TrailEdge and WindDiffuser minimizes noise and improves fuel efficiency. -
Asia Pacific Daily
Asia Pacific Daily 30 October 2017 Company Roadshows Date Company Event Venue 30 Oct BOC Aviation (2588 HK) NDR Seoul 1-2 Nov BTS Group (BTS TB) NDR Tokyo 9 Nov Guangdong Investment NDR Beijing, (270 HK) China 20-21 Nov Guangdong Investment NDR Tokyo (270 HK) 23-24 Nov L'Occitane (973 HK) NDR SG Daiwa Asian Events Date Company Venue Major changes Analyst Rating Page 7-10 Nov Daiwa Investment Conference Hong Kong HK 2017 Samsung Engineering (028050 KS) Mike Oh Outperform P.4 20-21 Nov Daiwa Asia Communication Days 2017 London Solid new order recovery likely 7-8 Dec TWSE-Daiwa Taiwan Corporate Day Tokyo Tokyo Target price 21.7% to KRW14,000 2017 Other research 2-5 Jan Daiwa P.U.R.E. Energy Conference 2018 HK 2018 Discovery John Choi P.8 5-9 Mar Daiwa Investment Conference Tokyo 2018 Tokyo Asia Small-cap Weekly 2018 China Construction Bank (939 HK) Yan Li Outperform P.9 Source: Daiwa Starting point for further growth Daiwa: latest rating and target price revisions Ping An Insurance (2318 HK) Leon Qi Hold P.13 Rating Target price 3Q17 results: VNB growth moderates Company Ticker Latest Chg Latest Chg Date China Life Insurance (2628 HK) Leon Qi Buy P.17 Samsng Eng 028050 KS 2 14,000 27-10 2018 jumpstart headwinds may have been Ping An In 2318 HK 3 62.00 27-10 exaggerated Ch Unicom 762 HK 1 13.80 27-10 Ch Con Bk 939 HK 2 8.00 27-10 Baidu (BIDU US) John Choi Hold P.21 China Life 2628 HK 1 31.00 27-10 3Q17: a mixed quarter, feed ads shine, iQiyi Ch Telecom 728 HK 1 4.98 27-10 hiccup CDL REIT CDREIT SP 3 1.61 27-10 China Unicom (762 -
Poland Regional Cities-Comfort-Vehicle-List
Make Model Year Oldsmobile 19 Oldsmobile Alero Oldsmobile Aurora Oldsmobile Bravada Oldsmobile Cutlass Supreme Oldsmobile Intrigue Oldsmobile Silhouette Dodge Attitude Dodge Avenger 2013 Dodge Caliber Dodge Caravan 2015 Dodge Challenger Dodge Charger 2013 Dodge Dakota Dodge Dart 2015 Dodge Durango 2013 Dodge Grand Caravan 2015 Dodge Intrepid Dodge JCUV Dodge Journey 2013 Dodge Magnum 2013 Dodge Neon 2015 Dodge Nitro 2013 Dodge Ram 1500 Dodge Ram 2500 Dodge Ram 3500 Dodge Ram 4500 Dodge Ram 700 Dodge Ram Van 2015 Dodge Sprinter Dodge Stratus 2015 Dodge Stretch Limo Dodge Viper Dodge Vision Dodge i10 Land Rover Defender 2013 Land Rover Discovery 2013 Land Rover Freelander 2013 Land Rover Freelander 2 Land Rover LR2 Land Rover LR3 Land Rover LR4 Land Rover Range Rover 2013 Land Rover Range Rover Evoque 2013 Land Rover Range Rover Sport 2013 Land Rover Range Rover Velar 2013 Land Rover Range Rover Vogue 2013 Chevrolet Agile Chevrolet Astra 2015 Chevrolet Astro Chevrolet Avalanche 2013 Chevrolet Aveo Chevrolet Aveo5 Chevrolet Beat Chevrolet Blazer Chevrolet Bolt Chevrolet CMV Chevrolet Camaro Chevrolet Caprice Chevrolet Captiva 2013 Chevrolet Cavalier Chevrolet Celta Chevrolet Chevy Chevrolet City Express Chevrolet Classic Chevrolet Cobalt 2015 Chevrolet Colorado Chevrolet Corsa Chevrolet Corsa Sedan Chevrolet Corsa Wagon Chevrolet Corvette Chevrolet Corvette ZR1 Chevrolet Cruze 2015 Chevrolet Cruze Sport6 Chevrolet Dmax Chevrolet Enjoy Chevrolet Epica 2013 Chevrolet Equinox 2013 Chevrolet Esteem Chevrolet Evanda 2013 Chevrolet Exclusive Chevrolet -
Gscan Software Release Highlights
cs~~rr- · rw ---- ------- -------- GScan SoŌware Release Highlights G-scan Software Release January 2019 Update TOYOTA/LEXUS ................................................................. 2 OPEL / GM BRAZIL ............................................................ 2 NISSAN/INFINITI ................................................................. 2 HOLDEN ......................................................................... 2 HONDA /ACURA ................................................................. 2 CHERY ..................................................................................... 2 MITSUBISHI .......................................................................... 2 DAEHAN .................................................................................. 2 MAZDA .................................................................................... 2 SSANGYONG........................................................................ 2 SUZUKI/MARUTI ................................................................. 2 MVM .......................................................................................... 2 SUBARU ................................................................................. 2 LIFAN ........................................................................................ 2 ISUZU ....................................................................................... 2 LDV ............................................................................................ 2 FUSO ....................................................................................... -
A80-Toothlearn-Xtooleshop.PDF (249K)
Tooth learn Function List Software Version: 5.22 Automaker method Model Engine/Type Year Chery By System Delphi electronic control system 1.5L(477F) Chery By System Delphi Electronic Control 1.6L(481F) Chery By System Delphiel ectroni ccontrol system 1.6L(451F) Chery By System Delphi 473 system Chery By System Delphi CNG engine Chery By System Liuji 465 Electronic Control System Chery By Type Type1(Delphie OBD) Chery By Type Type2 Chery By model Fengyun2 Series Delphi Electric Control System 1.5L(477F) Chery By model Cowin/Cowin2 Delphi Electronic Control System Chery By model Cowin/Cowin2 Delphi CNG engine Chery By model Cowin1 Delphi 473 EFI Chery By model Cowin3 Delphi CNG engine Chery By model Cowin5 Delphi Electronic Control Chery By model A1 Delphi 473 system Chery By model A5 Delphi CNG engine Chery By model E5 Chery By model Sonoftheeast Delphi Electronic Control System Chery By model QQ3 Liuji 465 Electronic Control System Chery By model QQ6 Delphi 473 system Chery By model Tiggo/Tiggo3 Delphi Electric Control2.0L/2.4L(4G63/4G64) Chery By model Tiggo/Tiggo3 Delphi Electronic Control1.6L(481F) Kairui By model Excellent Q22B Type1 Kairui By model Excellent Q22B Type2 Kairui By model ViewSonic Q21 Type1 Kairui By model ViewSonic Q21 Type2 Kairui By model YouSheng Q21D Type1 Kairui By model YouSheng Q21D Type2 Kairui By model elegant S22 Type1 Kairui By model elegant S122 Type2 Kairui By model elegant 2 Type1 Kairui By model elegant 2 Type2 Kairui By model QQ3 series Type1 Kairui By model QQ3 series Type2 Kairui By model K50 AUTO -
Haval-H6-2019-AU.Pdf
Who is HAVAL Built for the world by the world Powerful 145kW turbo-charged 2.0-litre direct injection engine Although new in Australia and New Zealand, HAVAL is one of the world’s largest specialist SUV companies. With over 5 million owners, HAVAL is the No.1 SUV brand in the world’s largest auto market – China, and has been for the last 16 years. HAVAL research and development centre Our philosophy is simple – employ the best people, use the best technology and suppliers in the world and utilise high precision robots for consistent quality. No wonder HAVAL SUVs are recognised for their style, features, build quality and deep lustrous paintwork. Getrag 6DCT (Dual clutch transmission) When you invest in a HAVAL, you can be confident that it’s been designed with care, built with pride and engineered to last. We look forward to welcoming you to the HAVAL family. HAVAL concept vehicle Sport mode Power to excite The HAVAL H6 matches the performance of a powerful turbo-charged 2.0-litre direct injection engine with a Getrag six-speed dual clutch transmission (DCT). The DCT combines all the advantages of manual and automatic transmissions to deliver fast, smooth gear changes with maximum efficiency. When the mood takes you, select Paddle shifters Compact SUV Sporty mid-sized SUV Ultimate 7-seater family adventure 4WD sport mode and use the paddle shifters to give you even more control and fun. European-inspired driving dynamics With European engineering inspiration it’s no surprise the HAVAL H6 drives and handles so well. -
Great Wall Motor (2333.HK)
Citi Research Equities 27 July 2015 │ 8 pages Auto Manufacturers Asia │ China Great Wall Motor (2333.HK) Results: Resilient 2Q Result in an Extremely Tough Market; Buy Citi's Take — The Rmb4.9bn 1H15 net profit (+24% y-y) reported by GWM is Buy 1 definitely something encouraging in the extremely tough environment of China Price (27 Jul 15) HK$27.15 autos. With volume growth of 20% y-y, revenue and net profit grew by 30% and Target price HK$56.00 24% respectively in 1H15. In 2Q alone, its 22% volume growth brought 29% Expected share price return 106.3% revenue growth and 21% net profit growth, a great result compared to recent sell-off Expected dividend yield 3.7% of the stock. Ignoring market momentum, this one-year lowest level constitutes a Expected total return great buying opportunity for value investors, in our view. 109.9% Market Cap HK$82,602M Volume or pricing – There is always a trade-off between volume and US$10,656M pricing/margin for auto OEMs, and GWM historically has insisted more on pricing side, leading to a high margin that was criticized by bearish analysts as “not sustainable”. With the slack season in June, the seasonal pullback of H6 and H2 volume has triggered management to offer a summer incentive of 5% till end-Sep to Price Performance smooth monthly volume. While we think it’s a realistic balance between (RIC: 2333.HK, BB: 2333 HK) volume/margin, the market reacted with a hasty sell-off, which we think is totally overdone. -
Great Wall Motor 2333 HK BNP PARIBAS Victoria Li
Great Wall Motor 2333 HK BNP PARIBAS Victoria Li 15 DECEMBER 2015 CHINA / AUTOMOBILES & COMPONENTS GREAT WALL MOTOR 2333 HK TARGET PRICE HKD9.59 HOW WE DIFFER FROM CONSENSUS MARKET RECS CLOSE HKD9.33 TARGET PRICE (%) (15.9) POSITIVE 23 HOLD UP/DOWNSIDE +2.8% EPS 2015 (%) 2.5 NEUTRAL 5 FROM BUY PRIOR TP HKD7.78 EPS 2016 (%) (0.9) NEGATIVE 5 CHANGE IN TP 23.21% KEY STOCK DATA Lack of new drivers YE Dec (RMB m) 2014A 2015E 2016E 2017E 2016 to be a better year with demand recovery Revenue 62,600 68,045 79,454 87,553 We estimate China PV sales volume growth would improve to 7.1% Rec. net profit 8,042 8,761 10,417 11,511 y-y in 2016E (2015E: 5.4%), mostly driven by the APT cut and the Recurring EPS (RMB) 0.88 0.96 1.10 1.12 revival of delayed purchase interest. SUV segment should continue Prior rec. EPS (RMB) 0.88 0.95 1.04 1.00 to grow fast at 35% y-y. Both would benefit GWM’s sales volume. Chg. In EPS est. (%) 0.0 1.1 5.6 12.4 However, GWM’s facing more challenges than peers EPS growth (%) (2.2) 8.9 14.2 2.4 Although GWM shall be the biggest beneficiary in our coverage Recurring P/E (x) 8.8 8.1 7.1 6.9 according to its sales volume exposure to 1.6L-and-below engines, Dividend yield (%) 3.4 3.4 3.6 4.0 its earnings growth would be weaker than its peers, such as Geely EV/EBITDA (x) 5.9 5.4 4.4 4.0 and Changan. -
Corporate, Social and Responsibility Report
(a joint stock company Incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 2 019 Corporate, Social and Responsibility Report * For identification purpose only CONTENTS About This Report 02 Message from Executives 04 A Close Look at Great Wall Motor 06 Corporate Governance 22 Responsibility Management 30 Product Responsibility 34 Responsibility for Employees 49 Social Responsibility 53 Environmental Responsibility 63 ESG Reporting Guide 72 Feedback Form 78 CSR Report 2019 1 About This Report About This Report I. REPORTING PERIOD: V. DEFINITIONS IN THE REPORT This report is the 9th annual corporate social responsibility report issued by Great Wall Motor Company “Great Wall Motor” or Great Wall Motor Company Limited Limited since 2011. This report covers the period from 1 January 2019 to 31 December 2019, with the “Company” or “we” certain information extending to the previous or subsequent years where appropriate. the “Group” the Company and its subsidiaries II. SCOPE OF REPORT: “Great Wall Holdings” Baoding Great Wall Holdings Company Limited (the indirect The scope of report covers the Company and its subsidiaries. Some contents involve Baoding Great Wall controlling shareholder of the Company) and its subsidiaries Holdings Co., Ltd and its subsidiaries. Please refer to the annual report of Great Wall Motor Company Limited for detailed corporate information. VI. NOTE TO THE REPORT III. CONTENTS OF REPORT: Data in this report are sourced from the Company’s audit report, annual report or other statistical documents. This report contains uncertainties about future plan or forecast. This report has not been This report discloses the Company’s information on economic, social and environmental performance reviewed by any independent source and investors are advised to be aware of the risks involved.