五菱汽车二零二三年中期报告

五菱汽車集團控股有限公司 (Incorporated in Bermuda with limited liability)（於百慕達註冊成立之有限公司） GREEN FUTUREINNOVATION可持續再提速 企業簡介 CORPORATE PROFILE 201000100 Wuling Motors Holdings Limited (“Wuling MotorsHoldings”or the“Company”) and its subsidiaries(collectively referred to as the“Group”) inherit thenearly a century of manufacturing experience from thecontrolling shareholder Guangxi Automobile Group,focusing on the design, research and development,and manufacturing of automotive components,automotive power systems, and commercial vehicleswhich includes new energy logistics vehicles. It providesh i g h - v a l u e c o m p o n e n t p r o d u c t s t o n e a r l y 2 0automobile manufacturers, power systems to over 10million end user customers, and provides more than 1million customer users with quality and suitable vehiclesand travel services. The Group’s main production basesare currently located in Liuzhou, Qingdao, Chongqing,Jingmen and Nanning in the PRC, as well as in otherAsian countries such as Indonesia and India. We havealso been recognized as one of the top 100 globalautomobile parts suppliers. GROUP STRUCTURE集團架構 CONTENTS目 錄 2MESSAGES FROM THE BOARD OF DIRECTORS董事會致辭14MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析36DISCLOSURE OF INTERESTS權益披露41OTHER INFORMATION其他資料45REPORT ON REVIEW OF CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS簡明綜合財務報表審閱報告47CONDENSED CONSOLIDATED STATEMENT OFPROFIT OR LOSS AND OTHER COMPREHENSIVEINCOME簡明綜合損益及其他全面收益報表49CONDENSED CONSOLIDATED STATEMENT OFFINANCIAL POSITION簡明綜合財務狀況表51CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY簡明綜合權益變動表52CONDENSED CONSOLIDATED CASH FLOWSTATEMENT簡明綜合現金流量表54NOTES TO THE CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS簡明綜合財務報表附註91CORPORATE INFORMATION公司資料 MESSAGES FROM THE BOARD OF DIRECTORS董事會致辭 PREFACE We hereby present the unaudited results of Wuling MotorsHoldings Limited (the“Company”, together with itssubsidiaries, collectively the“Group”or“Wuling Motors”) forthe six months ended 30 June 2023. Economic recovery after the COVID-19 pandemic hashad its ups and downs in 2023. In the face of tough marketconditions such as shrinking industry demand, intensifyingcompetition and tightening supply chains, the Groupfocused on the business strategy of“Steady Growth andProductivity Improvement”and adhered to the generalprinciple of“Making Progress while Maintaining Stabilityand Attaining Achievement while Making Progress so as toP r o m o t eH i g h Q u a l i t y D e v e l o p m e n t”i n s e e k i n gbreakthroughs externally and promoting efficiencyinternally. While sharpening our skills in practice andforging ahead in adversity, we actively adopted measuresto stabilise growth and work further to reduce costs andincrease productivity, in order to make unremitting effortsto improve efficiency and give reward to shareholders. A f f e c t e d b y t h e a b o v e a d v e r s e f a c t o r s a n d t h erestructuring exercise of the new energy vehicles (“NEV”)business, the Group’s total revenue for the six monthsended 30 June 2023 was RMB5,089,499,000, representing adecrease of 18.9% as compared to the correspondingperiod in 2022, which was mainly attributable to a declinein revenue in the commercial vehicles assembly divisionand moderate declines in revenue in the vehicles’powersupply system division and the automotive componentsand other industrial services division. 5,089,499,00018.9% G r o s sp r o f i t f o r t h e p e r i o d u n d e r r e v i e w w a sRMB410,589,000, representing an increase of 10.3% ascompared to the corresponding period in 2022. In additionto positive factors of lower prices of raw materials such assteel and the start of the scale production of new productswith higher gross profit margins, the increase in gross profitwas also benefited from certain fine cost control measuresand total budget management policies implementedduring the period to reduce cost and enhance efficiency.The Group’s gross profit margin for the first half of 2023 was8.1%, representing an increase of approximately 220 basispoints as compared to that of 5.9% in the correspondingperiod in 2022. 410,589,00010.3%8.1%5.9%220 MESSAGES FROM THE BOARD OF DIRECTORS董事會致辭 12,260,000138,587,0001,521,00080,545,000 Moreover, the restructuring exercise of the NEV businessand cost control measures implemented under“ThreeContainments”principle of the Group had also exertedpositive effect in reducing the Group’s expenditures duringthe period. Hence, the Group marked a turnaround andrecorded a net profit of RMB12,260,000 for the first half of2023, as compared to the net loss of RMB138,587,000 forthe corresponding period in 2022. During the period underreview, profit attributable to owners of the Company wasRMB1,521,000, which also represented a significantimprovement as compared to the loss of RMB80,545,000 asrecorded in the corresponding period in 2022. I.MAJOR TASKS IN THE FIRST HALF OF 2023 (A)Sticking to main task of“Steady Growth”andfocusing on principal businesses to expandmarkets