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Chapter 2 China's Cars and Parts
Chapter 2 China’s cars and parts: development of an industry and strategic focus on Europe Peter Pawlicki and Siqi Luo 1. Introduction Initially, Chinese investments – across all industries in Europe – especially acquisitions of European companies were discussed in a relatively negative way. Politicians, trade unionists and workers, as well as industry representatives feared the sell-off and the subsequent rapid drainage of industrial capabilities – both manufacturing and R&D expertise – and with this a loss of jobs. However, with time, coverage of Chinese investments has changed due to good experiences with the new investors, as well as the sheer number of investments. Europe saw the first major wave of Chinese investments right after the financial crisis in 2008–2009 driven by the low share prices of European companies and general economic decline. However, Chinese investments worldwide as well as in Europe have not declined since, but have been growing and their strategic character strengthening. Chinese investors acquiring European companies are neither new nor exceptional anymore and acquired companies have already gained some experience with Chinese investors. The European automotive industry remains one of the most important investment targets for Chinese companies. As in Europe the automotive industry in China is one of the major pillars of its industry and its recent industrial upgrading dynamics. Many of China’s central industrial policy strategies – Sino-foreign joint ventures and trading market for technologies – have been established with the aim of developing an indigenous car industry with Chinese car OEMs. These instruments have also been transferred to other industries, such as telecommunications equipment. -
Dongfeng Motor (489.HK) – Initiation of Coverage 10 January 2013
Dongfeng Motor (489.HK) – Initiation of Coverage 10 January 2013 Dongfeng Motor (489.HK) Automobile Sector 10 January 2013 Research Idea: Moving Up the Gears Target Price HK$15.00 We rate Dongfeng Motor (DFG) a Buy with 12-month target price of 12m Rating Buy HK$15.00. Its sales have dropped since Q3 2012 amid Sino-Japan tensions, 16% upside but we expect a recovery to pre-protest levels in Q1 2013 and growth to DFG – Price Chart (HK$) persist backed by a strong brand lineup. As one of the nation’s leading 22 Bull, HK$20.90 20 automakers, DFG is a good proxy for a secular sector growth story. 18 16 Base, HK$15.00 Three reasons to Buy: 14 12 10 . Sino-Japanese tensions have eased. DF Honda’s sales rebounded to 8 pre-protest levels while DF Nissan’s rebounded to 80% of pre-protest 6 Bear, HK$6.40 Jan12 May12 Sep12 Jan13 May13 Sep13 Jan14 levels in December, well above expectations. Consumer concerns about damage to vehicles should be offset by Sino-Japan auto JVs Price (HK$) 12.96 guaranteeing to repair damage caused during the recent unrest. We Mkt cap – HK$m (US$m) 112,354 (14,494) expect DFG’s sales volume growth to rebound from down 0.8% to +11% in FY13. Free float – % (H-share) 100.00 3M avg. t/o– HK$m (US$m) 299.5 (38.6) . Strong brand lineup can facilitate market-share gains. DFG has Major shareholder (%) three JVs and a comprehensive range of well-received models, which should help minimize sales fluctuations. -
2016 Annual Report
東風汽車集團股份有限公司 DONGFENG MOTOR GROUP COMPANY LIMITED Stock Code: 489 2016 Annual Report * For identification purposes only Contents Corporate Profile 2 Chairman’s Statement 3 Report of Directors 7 Management Discussion and Analysis 42 Profiles of Directors, Supervisors and Senior Management 51 Report of the Supervisory Committee 59 Corporate Governance Report 61 Independent Auditor’s Report 84 Consolidated Income Statement 91 Consolidated Statement of Comprehensive Income 92 Consolidated Statement of Financial Position 93 Consolidated Statement of Changes in Equity 95 Consolidated Statement of Cash Flows 97 Notes to the Financial Statements 100 Five Year Financial Summary 189 Corporate Information 191 Notice of Annual General Meeting and Relating Information 192 Definitions 208 Corporate Profile Dongfeng Peugeot Citroën Sales Co., Ltd. Dongfeng Peugeot Citroën Auto Finance Co., Ltd. Dongfeng (Wuhan) Engineering Consulting Co., Ltd. Dongfeng Motor Investment (Shanghai) Co., Ltd. Dongfeng Off-road Vehicle Co., Ltd. Dongfeng Motor Co., Ltd. Dongfeng Nissan Auto Finance Co., Ltd. China Dongfeng Motor Industry Import & Export Co., Ltd. Limited Dongfeng Motor Finance Co.,Ltd. Dongfeng Getrag Automobile Transmission Co., Ltd. Dongfeng Renault Automobile Co., Ltd. Dongfeng Liu Zhou Motor Co., Ltd. Dongvo (Hangzhou) Truck Co., Ltd. Honda Motor (China ) Investment Co.,Ltd. Motor Group Company Dongfeng Honda Auto Parts Co., Ltd. ), the predecessor of Dongfeng Motor Corporation and the parent of the the parent of Corporation and of Dongfeng Motor the predecessor ), Dongfeng Honda Engine Co., Ltd. Dongfeng Honda Automobile Co., Ltd. Dongfeng Dongfeng Peugeot Citroën Automobile Co., Ltd. Dongfeng Commercial Vehicle Co., Ltd. Dongfeng Electrical Vehicle Co., Ltd. 第二汽車製造廠 Dongfeng Special Purpose Commercial Vehicle Co., Ltd. -
Gerenciamento De
Ano 3 • Nº 15 • Junho Julho 2009 Publicação Bimestral da Federação Nacional da Distribuição de Veículos Automotores – FENABRAVE Gerenciamento de Como problemas internos podem afetar a imagem e os negócios de sua empresa. De cara nova Entrevista Novos projetos arquitetônicos geram No Brasil, as perspectivas são maior credibilidade às concessionárias. otimistas para a Nova GM. Untitled-1 1 18/6/2009 09:50:57 Editorial Revista Publicação bimestral da ANO BOM, não BOOM!!! Fenabrave – Federação Nacional da Distribuição de Veículos Automotores. Por Sérgio Antonio Reze Ano 3 – Edição 15 – Junho/Julho 2009 Conselho Diretor Fechamos o primeiro semestre com crescimento de 4,14% nos emplacamentos de automó- Presidente dos Conselhos Deliberativo e Diretor: veis e comerciais leves, sobre o mesmo período de 2008 que, como todos sabem, já estava Sérgio Antonio Reze superior a igual período de 2007. Esse crescimento, num cenário de crise internacional, é Presidente Executivo: Alarico Assumpção Jr. simplesmente fantástico. É claro que a situação não é positivamente equivalente para todos Vice-Presidentes: os setores, como é o caso específi co de caminhões e motocicletas, que ainda não se recupera- Apolo Rizk; Edson Luchini; Ênio Sardagna; ram nos níveis esperados. Flávio Meneghetti; Joel Jorge Paschoalin; José Divalsir Gondaski; Mário Sérgio Moreira Franco; No entanto, mesmo para esses setores menos afortunados, digamos assim, as perspectivas são Vice-presidentes “Ad-hoc” positivas, ainda que não impressionantes. No último estudo feito pela Fenabrave e divulgado Aldair Câmara; Gláucio Geara; Luiz Eduardo Barros em nossa coletiva de imprensa, há evidências claras de como as vendas do segundo trimestre Cruz e Guião; Mauro De Stefani; Octavio Leite Vallejo; Ricardo Teixeira De Stefani; Teodoro da Silva. -
Leadership Team
LEADERSHIP TEAM John Zhang is the CEO for SERES. John provides leadership, James is the CEO of SERES Automotive, leading all vehicle strategic direction, and business development to drive related areas in U.S.. He worked at General Motors for more than 20 years, served as the president & general manager of company growth. Since 2015, he has served as Managing Cadillac and CEO of Hummer. He left GM in 2014 and joined Director and President of the Beijing Chuangxin Capital Karma Automotive as the EVP of purchasing and Management Co., leading initiatives that utilize innovative manufacturing and the Chief Revenue Officer. technologies. He holds a B.A. in automotive management from Georgian College of Applied Arts and Technology and an MBA from Southwestern University of Finance and Economics. JOHN ZHANG JAMES TAYLOR CEO SERES GLOBAL CO – CEO SERES NORTH AMERICA Xindong is the CO-CEO of SERES, and led the Jason was the Chairman and CEO of Ford China, and establishment of US operations. He worked at Dongfeng for previously served as the Global President and CEO at Key 19 years, serving as EVP of Dongfeng Renault. He led joint Safety Systems for more than 10 years, greatly expanding venture establishments between Dongfeng and Yulong, KSS’ global business. In 2015, Ernst & Young awarded Renault, and GETRAG. Xindong hold an MBA from Jason as the outstanding entrepreneur of the year. Maastricht School of Management, Netherlands, and a Master of Economics from Zhongnan University of Economics and Law. XINDONG HU JASON LUO CO – CEO SERES EXECUTIVE DIRECTOR NORTH AMERICA SERES LEADERSHIP TEAM 01 LEADERSHIP TEAM Yifan Tang is SERES CTO, overseeing global teams for Zak Edson is VP of Product Management, Marketing, and technology development and product engineering, Sales. -
Infotainment & Telema$Cs
November 2, 2015 Strategy Analy6cs, Inc 1 Kevin Li Strategy Analy6cs GENIVI 13th All-Member Mee6ng & AMM OPEN DAYS November 2, 2015 Strategy Analy9cs, Inc 2 AGENDA 1 Telema9cs Market Situa9on in China 2 Soware Topics-Smartphone GW & OS 3 Internet Company's Automo9ve Prac9ce 4 HMI & Consumer Interest 5 Aersales Market November 2, 2015 Strategy Analy9cs, Inc 3 HIGH LEVEL CHINA MARKET OVERVIEW Source: Strategy Analy6cs • 154 mIllIon cars by the end • 8% passenger cars sold In 2014 154 Mil of 2014 8% were connected In the OEM market • 17 mIllIon cars net growth • 30% passenger cars sold In the OEM 17 Mil from 2013 to 2014 30% market wIll be connected In 2018 November 2, 2015 Strategy Analy9cs, Inc 4 CHINA TELEMATICS MARKET LEADERSHIP Typical Players in OEM Market Network OEM Speed TSP Carrier In-vehicle OS Free Trial Qoros 3G MicrosoY ChIna UnIcom MicrosoY QorosQloud Lifeme BMW QNX ChIna UnIcom ConnectedDrIve 3G ChIna UnIcom GENIVI 3+7 Years Volvo ChIna UnIcom MicrosoY Sensus 3G WIrelessCar 3+7 Years Lexus ChIna Telecom QNX G-BOOK 2.5G YESWAY 4-6 Years Volkswagen VerIzon MicrosoY ChIna UnIcom Car-Net 3G Telemacs ChIna QNX 4 Years Mercedes-Benz VerIzon MicrosoY ChIna Telecom CONNET 3G Telemacs ChIna QNX 3 Years Audi ChIna UnIcom QNX AudI connect 3G WIrelessCar 3 Years SAIC 3G PATEO ChIna UnIcom AndroId InkaNet 2 Years BYD MicrosoY 3G/2.5G BYD All three 2 Years BYD Cloud AndroId Embedded telema%cs is evolving to longer free trial period. November 2, 2015 Strategy Analy9cs, Inc 5 INDUSTRY CHALLENGES: CHINA CONVERGENCE OF INFO-TELEMATICS & SAFETY -
2005-Global Partnerships Final Poster.Qxd 8/17/2005 3:54 PM Page 1
2005-global partnerships final poster.qxd 8/17/2005 3:54 PM Page 1 SPONSORED BY GGuuiiddee ttoo gglloobbaall aauuttoommoottiivvee ppaarrttnneerrsshhiippss FULL OWNERSHIP EQUITY STAKES VEHICLE ASSEMBLY ALLIANCES TECHNICAL/PARTS ALLIANCES BMW AG Owned by: Joint venture: Contract assembly: •DaimlerChrysler - gasoline engines - Brazil •Mini •Quandt family - 46.6% •BMW Brilliance •Magna Steyr, Austria •Land Rover - diesel engines - UK •Rolls-Royce Motor Cars Ltd. •Other shareholders - 53.4% Automotive Co., China •PSA/Peugeot-Citroen - gasoline engines - France & UK •Tritec Motors, Brazil •Toyota -diesel engines DAIMLERCHRYSLER AG Owns: Owned by: Joint venture: Contract assembly: •BMW - gasoline engines - Brazil •Chrysler group •McLaren Group - 40% •Deutsche Bank - 6.9% •Beijing Benz-DaimlerChrysler •Karmann, Germany •GM - hybrid drive system •Mercedes-Benz •Mitsubishi - 12.8% •Kuwait Investments - 7.2% Automotive, China •Magna Steyr, Austria •Hyundai/Mitsubishi - 4-cylinder engines (Mercedes-Benz owns 100% of Maybach and Smart) •Mitsubishi Fuso - 65% •Other shareholders - 85.9% •Fujian Motor Industry Group, China DONGFENG MOTOR CORP. Owns: Owned by: Joint venture: •Dongfeng Yueda Kia Dongfeng Motor Corp. •Dongfeng Liuzhou Motor Co. Ltd. •Dongfeng Automobile Co. - •Chinese central government - •Dongfeng Honda Automobile Co., China 70% 100% Automobile (Wuhan), China •Zhengzhou Nissan •Dongfeng Motor Co., China Automobile Co., China •Dongfeng Peugeot Citroen Automobile Co., China FIAT S.P.A. Owns: Owned by: Joint venture: Contract assembly: •General Motors - powertrains - Poland •Fiat Auto S.p.A. •Ferrari - 50% •Agnelli family - 22% •Nanjing Fiat - China •Pininfarina, Italy •Suzuki - diesel engines - India (Fiat Auto owns 100% of Alfa Romeo, Fiat and Lancia) •Other shareholders - 78% •SEVEL - Italy, France •Suzuki, Hungary •Maserati S.p.A. •Tofas - Turkey •Nissan, South Africa •Iveo Fiat - Brazil •Mekong Corp., Vietnam FIRST AUTOMOBILE WORKS GROUP Owns: Owned by: Joint venture: •FAW-Volkswagen First Automobile (FAW) •FAW Car Co. -
Call for Papers the Competition for the Practical Application of ICV Has Already Started in the Global Automotive Industry
Call for papers www.cicv.org.cn The competition for the practical application of ICV has already started in the global automotive industry. A sound environment for ICV are taking into shape, as China is embracing a clear trend of multi-industrial coordination and innovation and taking planned steps to make top-level policies and standards. As a national strategy, the development of ICV helps to create opportunities for cross-industrial innovation. In order to promote the development of ICV in China and build a world-class platform for technology exchange, China SAE, Tsinghua University Suzhou Automotive Research Institute and China Intelligent and Connected Vehicles (Beijing) Research Institute Co. Ltd jointly initiated an annual congress “International Congress of Intelligent and Connected Vehicles Technology (CICV)”. It is a world-class technology exchange platform for automotive, IT/Internet, communications and transportation industry. At the same time, as an important sign for policies, leading technologies showcases, and industry integration accelerator, CICV serves as a platform for communication and exchange between enterprises, universities and industrial research institutes and provide references for them. The 6th International Congress of Intelligent and Connected Vehicles Technology (CICV 2019) is to be held in June, 2019. Focusing on ADAS and key technologies of automated driving as well as ICV policies and regulations, CICV 2019 will invite about 80 experts and technical leaders to share new technology results and ideas on hot topics including Environment Perception and, Development and Testing, V2X, AI, Cyber Security, HD Map, Intelligent and Connected Transportation, Co-pilot and HMI. The concurrent activities including technical exhibition, promotional tours for innovative technologies and entrepreneurship programs. -
DFMC2013SHZRNB.Pdf
东 风 汽 车 公 司 2013 社会责任报告 东风汽车公司社会责任报告 DFM CORPORATION SOCIAL RESPONSIBILITY REPORT 官方微博 官方微信 Dongfeng, the nurturing east wind Ⱋᒂ Contents ͚ప͉ᷓ䷻⋓ 㔲䉐ШڠDongfeng Nurturing China Dream ݖ⯷Ⱕ Stakeholders’ Responsibility 䪬ڞ㔲 ̻ڠȟч䉐Шጒ҉⤳ᔢ ⋓∪ݖ⯷Ⱕ ȟч䉐Ш͚㵹ߕ䃎ܿÿÿ⋓䃎ܿ ȟͧ㗎͉݈䕍Фթఋ្ ȟч䉐Ш㻳㻶㶕⣝ ȟͧঅጒᐧ䃫Ꭵ⺼უచ ȟч䉐Шノ⤳ಸ ȟͧᝤӈх䉕ϔ৮ ȟч䉐Ш䃛䷅䔶᠖ 䊏Ꭰझڞȟͧцѡᥚᐧ ȟч䉐Ш⇌䕇 Й̭䊤䔪ᄨ⮱͉䷻ᷓ ȟч䉐Ш㘪߈ᐧ䃫 Let’s Work Together to Pursue Dongfeng Dream ȟ䉐Ш㢐㾶 ȟ㦐θ䪬㜡䓋 ȟᕨ㏼⤳㜡䓋 ䷻Ⱪ͚⮱͉ڠȟݖ⯷Ⱕ थキϸڙȟ ⤳⇨थڙȟ ȟ㏱㏴ᱧᲱȟ ȟ䄇ԎႵ∂ Ԋ䃮Ю͇⽠֒ࣾᆂ ȟЮ͇᪴ࡃ ϔ ᐧ䃫֒Ꮴ䓽㥒⣜ධ⩌ڕȟႶ ȟ㜗݈ͨ ក䕍ℾ↪䒓৮❹ 䊝䔈͉䷻⮱̓⩹ ㏼≻䉐Ш Walk into the World of Dongfeng Economic Responsibility ㍮㢐ڞ㞟ప䃎ℾ⩌ ̻పუ⋓ ⯷䉐Шڙч Public Welfare Responsibility 䔈ₒڞ⯷θ͇ ̻чڙ㒻⋓ ⤳⯷ᙵノڙȟ ⯷䶦Ⱋڙȟ Ꭱᆂ᱈ Outlook 2014 ȟᠴᴴ㉏ᑂ ȟ្ॷ䃱㏔ λ᱙្ॷڠȟ ȟႹ⣜ධノ⤳ ȟᘼ㻮ࣺ亵㶕 ȟᐧ䃫㐬㞟ጒࢯ ȟᗲ㈨᪴ࡃθ͇ ȟ⩌ϔ⣜Ԋϔ৮ ȟᑂᄩ֒Ꮴ↪䒓᪴ࡃ ⣜ධ䉐Ш 䭱ᒂ Environment Responsibility ᪴ࡃ䉐Ш The Appendix Cultural Responsibility হ䄽ڞ㜗♣ ̻⣜ධͪ⋓ ࣾᆂڞ᪴ࡃ ̻᪴ᬻ⊥⋓ थч䉐Ш្ॷڙ䒓↪䷻͉ DFM CORPORATION SOCIAL RESPONSIBILITY REPORT 2013 ై͛ˇῨ℗ঌᔻ˝▚ཝ Let’sL Work Together to Pursue Dongfeng Dream ᒽᎠ XU PING ༁Γ䃝ڇथ㦐θ䪬Ƞڙ䒓↪䷻͉ Chairman of Board and Secretary of CPC Committee, DFM 㦐θ䪬㜡䓋 Chairman of Board थౕчڙहఋ䶫䓴̭ࣨᎡ͉䷻↪䒓ڞᓰȠᩜᠮȠԎШ͉䷻θ͇⮱ҍЙ喑ڠ䕇䓴Ȩч䉐Ш្ॷȩ̻̭Ⱑڡ䲋፥倅 㐅᱗Გ⮱ࣾᆂ̻ᷓᘠȡڞ䉐Шθ͇䲏ःᓄ⮱䔈ₒ喑ܳϘߌ⮱ૉᗓহᙌߕ喑 थ䨭ਜ਼↪䒓 ̴䒳喑ᅲڙᎡڕथಇᠮ⽠͚Ⅿ䔈喑ऱ䶦θ͇䓵̷⮱झ䭣喑θ͇ᵦധᰡߍ➏ధȡڙ䷻Ꭱ͉ 䲏倅䉕䛼ႹȡڕϬٰ喑㏼㥒䉕䛼ᓄݝ䔈̭ₒࡴ喑పߎ䮏ప䉱༁㔰ᵥᠴᴴ ڒ㵹͇すι喑⣝䨭ਜ਼ᩣ 㔲䉐ڠ㞟ᆒ㵹㏼≻䉐ШȠݖ⯷Ⱕܧ䉌䉐Ш⮱๛Ю喑͉䷻ᠶ⚔ч䉐Ш͚㵹ߕ䃎ܿÿÿĄ⋓ą䃎ܿ⮱䘕㒟喑ౕͧ҉ थч䉐Шڙह⮱ߗ߈̸喑ڞ⯷䉐ШȠ᪴ࡃ䉐Шぶ䲏⮱ᆒ䉐ጒ҉ȡౕЙڙШ⮱हᬣ喑⼜Ხᐭᆂ⣜ධ䉐ШȠч 㔲ą喑Ѻλ㵹͇ݺ݄喑Ꭳ㢐㣤Ą͚పЮ͇ч䉐Шࢀ䊷ąぶ㈨݄ᆒ䉐㢐㾶ȡٵĄ䶳ڒࣾᆂᠴ仃⁎ϻĄ䔪䊣㔲ą䔈 ᣕ䔈͉䷻Ąⷠڒ⌞ᄾᴀᢿᩫহ㘪⎽⊵㕄喑ߍᔘࣾᆂ㞯㘪̻㘪⎽↪䒓喑ۼФթ䨫㜡߈λڕ䓴̭ࣨᎡ喑Йౕ ᢿⰛᴴ喑ͧᲱᐧ⣜ධࣸສಸ↪䒓ч䉎⡛γ㜗ጞ⮱߈䛼ȡЙ䕇䓴Ą͉ۼᎠ㶎ą⩌ᔮ᳄ぶ䶦Ⱋ喑倅ᴴ۳ႹᎡᏓ㞯㘪 㠄㵹ߕąȠĄϟ֒Ꮴᔘ䒓ąȠĄᄦऐឣᤡᐧąぶ䶦Ⱋ喑ᎡᏓ㉜䃎䊍 ̴ٰ喑๔߈ᩜᠮౝ㏼≻⋓䷻ -
Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017
Report of Activities Pursuant to Act 44 of 2010 Appendix D - Securities Held by Funds October 18, 2017 Annual Report of Activities Pursuant to Act 44 of 2010 October 18, 2017 Appendix D: Securities Held by Funds The Four Funds hold thousands of publicly and privately traded securities. Act 44 directs the Four Funds to publish “a list of all publicly traded securities held by the public fund.” For consistency in presenting the data, a list of all holdings of the Four Funds is obtained from Pennsylvania Treasury Department. The list includes privately held securities. Some privately held securities lacked certain data fields to facilitate removal from the list. To avoid incomplete removal of privately held securities or erroneous removal of publicly traded securities from the list, the Four Funds have chosen to report all publicly and privately traded securities. The list below presents the securities held by the Four Funds as of June 30, 2017. 1345 AVENUE OF THE A 1 A3 144A AAREAL BANK AG ABRY MEZZANINE PARTNERS LP 1721 N FRONT STREET HOLDINGS AARON'S INC ABRY PARTNERS V LP 1-800-FLOWERS.COM INC AASET 2017-1 TRUST 1A C 144A ABRY PARTNERS VI L P 198 INVERNESS DRIVE WEST ABACUS PROPERTY GROUP ABRY PARTNERS VII L P 1MDB GLOBAL INVESTMENTS L ABAXIS INC ABRY PARTNERS VIII LP REGS ABB CONCISE 6/16 TL ABRY SENIOR EQUITY II LP 1ST SOURCE CORP ABB LTD ABS CAPITAL PARTNERS II LP 200 INVERNESS DRIVE WEST ABBOTT LABORATORIES ABS CAPITAL PARTNERS IV LP 21ST CENTURY FOX AMERICA INC ABBOTT LABORATORIES ABS CAPITAL PARTNERS V LP 21ST CENTURY ONCOLOGY 4/15 -
Chongqing Changan Automobile Company Limited 2019 Semi-Annual Report
Chongqing Changan Automobile Company Limited 2019 Semi-annual Report Chongqing Changan Automobile Company Limited 2019 Semi-annual Report August 2019 Chongqing Changan Automobile Company Limited 2019 Semi-annual Report Chapter 1 Important Notice, Contents, and Definitions The Board of Directors, the Board of Supervisors, Directors, Supervisors and Senior Executives of the company hereby guarantee that no false or misleading statement or major omission was made to the materials in this report and that they will assume all the responsibilities, individually and jointly, for the trueness, accuracy and completeness of the contents of this report. All the directors attended the board meeting for reviewing the semi-annual report. For the first half of 2019, the Company has no plans of cash dividend, no bonus shares and no share converted from capital reserve. The Chairman of the Board Zhang Baolin, the Chief Financial Officer Zhang Deyong and the responsible person of the accounting institution (Accountant in charge) Chen Jianfeng hereby declare that the Financial Statements enclosed in this annual report are true, accurate and complete. The prospective description regarding future business plan and development strategy in this report does not constitute virtual commitment. The investors shall pay attention to the risk. The report shall be presented in both Chinese and English, and should there be any conflicting understanding of the text, the Chinese version shall prevail. 1 Chongqing Changan Automobile Company Limited 2019 Semi-annual Report CONTENTS Chapter 1 Important Notice, Contents, and Definitions ............................................. 1 Chapter 2 Company Profile & Main Financial Indexes ............................................. 4 Chapter 3 Analysis of Main Business ........................................................................ 8 Chapter 4 Business Discussion and Analysis .......................................................... -
2017 E汽车日招展书-En-Tangyue-V11
EVENT GLOBAL NETWORK Automotive Day Messe München has globally active subsidiaries and foreign March 13, 2017 representatives serving 115 countries, so you can contact Planet e from Opening hours: 08:30−18:00 anywhere on earth. The current address list is available here: Connecting Global Competence Jumeirah Himalayas Hotel, No.1108 Mei Hua Road, Pudong Shanghai electronica.de/representatives electronica China Besides electronica China, Messe München organizes other leading March 14−16, 2017 electronics exhibitions in rapidly growing markets for electronics. This Opening hours: allows exhibitors to profit from the know-how of Messe München in Tuesday to Wednesday, 9:00−17:00 other regions of the world. Thursday, 9:00−16:00 electronica.de/electronicsnetwork Shanghai New International Expo Center, No.2345 Long Yang Road, Pudong Shanghai ORGANIZER/INFORMATION CONTACT FROM Messe München Messe Muenchen Shanghai Co., Ltd. Project Management Germany Add: 11th floor, PINGAN FORTUNE Tower, 1088 Yuanshen Road,Pudong New Area, Shanghai Ms. Anne Dautremant Code: 200122 Senior Exhibition Manager Tel: +86 21 2020 5553 Tel: +49 89 949-20322 Fax: +86 21 2020 5688 / 5699 Fax: +49 89 949-9720322 E-mail: [email protected] E-mail: [email protected] Automotive Electronics Beijing office Sales Germany Add: Rm. 2908, China Overseas Plaza, No.8 Guanghua Dongli, Mr. Oliver Bittl Jianguomenwai Avenue, Chaoyang District, Beijing Sales Consultant Germany Code: 100020 Tel: +49 89 949-20553 Tel: +86 10 8591 1001*801 Fax: +49 89 949-9720553 Fax: +86 10 8468 2519 E-mail: [email protected] E-mail: [email protected] Mr.