五菱汽车二零二四年中期报告

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） GROW AND INSPIRE WITHINTELLIGENCEL I M I T L E S SINNOVATIONG L O B A LAND 公司簡介 CORPORATE PROFILE Wuling Motors Holdings Limited (“Wuling Motors”or the“Company”) and its subsidiaries (collectively referred toas the“Group”) are principally engaged in theb u s i n e s s e so f t r a d i n g a n d m a n u f a c t u r i n g o fc o m m e r c i a lv e h i c l e s a s s e m b l y ,a u t o m o t i v ecomponents and vehicles’power supply systems, withour principle subsidiaries being recognised as High-Tech Enterprises in China. Our Group’s corporate goalis to grasp the tremendous business opportunitiesarising from the rapidly growing global automobilesupply chain industry, with our main productionfacilities located in Liuzhou, Qingdao, Chongqing,Jingmen, Nanning, India and Indonesia. NoteThe percentage of shareholding interests in WulingNew Energy are calculated based on the fully paidup share capital of the Group’s associate, LiuzhouWuling New Energy Motors Company Limited (“WulingNew Energy”) as contributed by the respectiveshareholders as of 30 June 2024. WULING MOTORS HOLDINGS LIMITED > INTERIM REPORT 2024五菱汽車集團控股有限公司>二零二四年中期報告 CONTENTS目錄 2MESSAGES FROM THE BOARD OF DIRECTORS董事會致辭12MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析BY MAIN BUSINESS SEGMENTS主要業務分部 AUTOMOTIVECOMPONENTS ANDOTHER INDUSTRIALSERVICES汽車零部件及其他工業服務 COMMERCIALVEHICLESASSEMBLY商用整車 VEHICLES’ POWERSUPPLY SYSTEMS汽車動力系統 35DISCLOSURE OF INTERESTS40OTHER INFORMATION43REPORT ON REVIEW OF CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS45CONDENSED CONSOLIDATED STATEMENT OFPROFIT OR LOSS46CONDENSED CONSOLIDATED STATEMENT OFPROFIT OR LOSS AND OTHER COMPREHENSIVEINCOME47CONDENSED CONSOLIDATED STATEMENT OFFINANCIAL POSITION49CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY50CONDENSED CONSOLIDATED CASH FLOWSTATEMENT52NOTES TO THE CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS86CORPORATE INFORMATION 權益披露 簡明綜合財務報表審閱報告 簡明綜合損益表 簡明綜合損益及其他全面收益報表 簡明綜合財務狀況表 簡明綜合權益變動表 簡明綜合現金流量表 MESSAGES FROM THE BOARD OF DIRECTORS董事會致辭 前言 PREFACE We hereby present the unaudited results of Wuling MotorsHoldings Limited (the“Company”, together with itssubsidiaries, collectively the“Group”) for the six monthsended 30 June 2024. The year 2024 is a critical year for the accomplishment ofthe objectives and tasks set out in the 14th Five-Year Planand an important year for the Group’s strategy oftransformation and upgrading as well as high-qualitydevelopment. Amid intensified market competition andeconomic downturn, the Group implemented the businessstrategy of“Stabilising Growth, Enhancing Effectivenessand Exploring New Horizons”, and innovatively drove thetraditional industries with competitive edge to movetoward to the middle and high end of the industrial andvalue chains, coupled with the transformation andupgrading to digitalization, intelligentization andgreenness, so as to promote its high-quality developmentand give back to its shareholders. Given the above unfavorable factors, the Group’s totalrevenue for the six months ended 30 June 2024 amountedto RMB3,946,324,000, representing a decrease of 22.5% ascompared with the corresponding period in 2023. This wasmainly due to the decrease of the related revenue of thecommercial vehicle assembly division as a result of theGroup’s repositioning strategy on refitted vehicles sincethe second half of 2023, and the decrease in businessvolume of the vehicles’power supply systems divisionbecause of delays in client orders. Meanwhile, the businessv o l u m eo f t h e a u t o m o t i v e c o m p o n e n t s d i v i s i o nmaintained a steady growth, benefitting from its strategyof acquiring new clients. 3,946,324,00022.5% 425,824,00010.8%8.1%270 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 sRMB425,824,000. Despite the decrease in total revenueduring the period, the Group can still maintain the samelevel of gross profit as compared with the correspondingperiod in 2023. In addition to positive factors such as adrop in prices of raw materials like steel, the start of massproduction of certain products with high gross marginsalso contributed to a significant improvement in grossmargin. The Group’s gross profit margin for the first half of2 0 2 4w a s 1 0 . 8 % ,r e p r e s e n t i n g a n i n c r e a s e o fapproximately 270 basis points as compared with 8.1% forthe same period of 2023. MESSAGES FROM THE BOARD OF DIRECTORS董事會致辭 21,125,00012,260,00072.3%1,586,0001,521,000 Despite the increase in the share of loss attributable toowners of the Company, as Wuling New Energy, anassociate which was still in the development stage, theGroup’s major business divisions, including automotivecomponents and other industrial services division, andcommercial vehicle assembly division, saw continuedimprovement in business performance, helping offset theloss of Wuling New Energy incurred during its stage ofdevelopment. The Group recorded a net p