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Interim Report 2018

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Interim Report 2018 (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 Interim Report 2018 * 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 jointly and severally take legal liability for its contents. II. All the directors of the Company attended the Board meeting. III. This interim report of the Company 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 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 interim report. V. Proposal of profit distribution or capitalisation of capital reserve during the Reporting Period considered by the Board None VI. Risks relating to forward-looking statements √ Applicable Not applicable Forward-looking statements, such as future plans described in this interim 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. Reminder of material risks During the Reporting Period, there were no material risks resulting in any significant 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 described in “Other Disclosures” under item II of Section 4 headed “Discussion and Analysis of the Business Operation of the Company (Management Discussion and Analysis)” of this report. X. Others Applicable √ Not applicable CONTENTS Section 1 Section 7 Definitions 14 Description of Preference Shares 80 Section 2 Section 8 Corporate Profile and Key Directors, Supervisors and Senior Financial Indicators 16 Management 81 Section 3 Section 9 Business Highlights of the Company 23 Description of Corporate Bonds 82 Section 4 Section 10 Discussion and Analysis of the Business Financial Report (Unaudited) 83 Operation of the Company (Management Discussion and Analysis) 28 Section 11 Index of Documents Available for Section 5 Inspection 260 Significant Events 53 Section 6 Changes in Ordinary Shares and Shareholders 73 2 GREAT WALL MOTOR COMPANY LIMITED INTERIM REPORT 2018 3 4 GREAT WALL MOTOR COMPANY LIMITED INTERIM REPORT 2018 5 6 GREAT WALL MOTOR COMPANY LIMITED INTERIM REPORT 2018 7 8 GREAT WALL MOTOR COMPANY LIMITED INTERIM REPORT 2018 9 10 GREAT WALL MOTOR COMPANY LIMITED INTERIM REPORT 2018 11 12 GREAT WALL MOTOR COMPANY LIMITED INTERIM REPORT 2018 13 14 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 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” 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” Great Wall Motor Company Limited (長城汽車股份有限公司), a joint stock 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; “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; INTERIM REPORT 2018 15 Section 1 Definitions “PRC” the People’s Republic of China; “Reporting Period” or “Current Period” six months ended 30 June 2018; “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. 16 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. 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 INTERIM REPORT 2018 17 Section 2 Corporate Profile and Key Financial Indicators 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 the Company’s interim report Securities & Legal Affairs Department of Great Wall Motor Company Limited No. 2266 Chaoyang Road South, Baoding, Hebei Province, the PRC Website designated by the Hong Kong Stock Exchange www.hkexnews.hk for publishing this interim report The Company’s website for publishing this interim report www.gwm.com.cn 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 6,027,729,000 100 shares A Shares (Total shares: 9,127,269,000 shares, H Shares: 3,099,540,000 shares) H Shares Hong Kong Stock Exchange 15 December 2003 3,099,540,000 500 shares H Shares (Total shares: 9,127,269,000 shares, A Shares: 6,027,729,000 shares) 18 GREAT WALL MOTOR COMPANY LIMITED Section 2 Corporate Profile and Key Financial Indicators VI. OTHER RELEVANT INFORMATION √ Applicable Not applicable Accounting firm appointed Deloitte Touche Tohmatsu Certified Public Accountants by the Company LLP (auditor of the Company) Office address of the accounting firm 30/F, 222 Yan An Road East, Huangpu District, Shanghai appointed by the Company Legal adviser to the Company Herbert Smith Freehills (as to Hong Kong law) Legal adviser to the Company Zhong Lun Law Firm, Beijing (ceased to be the legal adviser (as to PRC law) (as to PRC law) of the Company since 1 July 2018) Jincheng Tongda & Neal Law Firm, Beijing (as the legal adviser (as to PRC law) of the Company since 1 July 2018) H Share registrar and transfer office Computershare Hong Kong Investor Services Limited in Hong Kong Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong A Share registrar and transfer office Shanghai Branch of China Securities Depository and Clearing Corporation Limited 3/F, China Insurance Building, 166 Lujiazui East Road, New Pudong District, Shanghai, the PRC Investor and media relations consultant CorporateLink Limited (H Shares) 18/F, Shun Ho Tower, 24-30 Ice House Street, Central, Hong Kong Principal bankers Bank of China Limited (Baoding Yuhua sub-branch) The Industrial and Commercial Bank of China (Baoding Yonghua sub-branch) China Construction Bank (Baoding Hengxiang South Street sub-branch) China Everbright Bank (Shijiazhuang branch) China CITIC Bank (Baoding branch) Bank of Communications Co., Ltd. (Baoding branch) Industrial Bank Co., Ltd. (Baoding branch) Authorised representatives Ms. Wang Feng Ying Mr. Xu Hui Financial year-end date 31 December INTERIM REPORT 2018 19 Section 2 Corporate Profile and Key Financial Indicators Executive Directors Mr.
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