五菱汽车二零二四年年报

(Incorporated in Bermuda with limited liability)（於百慕達註冊成立之有限公司） 公司簡介 CORPORATE PROFILE Wuling Motors Holdings Limited (“Wuling MotorsHoldings”or the“Company”) and its subsidiaries(collectively referred to as the“Group”) are principallye n g a g e di n t h e b u s i n e s s e s o f t r a d i n g a n dmanufacturing of commercial vehicles assembly,automotive components and vehicles’power supplys y s t e m s , w i t h o u r p r i n c i p a l s u b s i d i a r i e s b e i n grecognised as High-Tech Enterprises in China. OurGroup’s corporate goal is to grasp the tremendousbusiness opportunities arising from the rapidly growingglobal automobile supply chain industry, with our mainproduction facilities located in Liuzhou, Qingdao,Chongqing, Jingmen, Nanning, India and Indonesia. GROUP STRUCTURE集團架構 NoteThe percentage of shareholding interests in WulingNew Energy are calculated based on the fullypaid up share capital of Wuling New Energy ascontributed by the respective shareholders as of31 December 2024. WULING MOTORS HOLDINGS LIMITED > ANNUAL REPORT 2024五菱汽車集團控股有限公司>二零二四年年報 CONTENTS目錄 財務回顧 為集團及股東尋求平衡及可持續之發展SustainableInPursuitof aBalancedandGrowthfor theGroupandShareholders Mr. Yuan Zhijun袁智軍先生Chairman主席 CHAIRMAN’S STATEMENT主席報告書 前言 PREFACE 7,949,439,00024.2% In 2024, we faced an unstable economic environment,shrinking demand in the overall automobile industry, anda tight supply chain, while the traditional fuel vehiclemarket was continuously impacted by the market shifttowards new energy vehicles. These multiple adversefactors resulted in uncertain order volume, escalatingcosts for new product development and production,a n dc y c l i c a l d o w n t u r n s i n e c o n o m i c r e t u r n s .Notwithstanding these overwhelming pressures, theGroup fully leveraged its extensive experience in theautomotive components sector to proactively expandi n t on e w i n c r e m e n t a l m a r k e t s a n d s e e k n e wopportunities for cooperation. Furthermore, weaccelerated the development of our future businessdevelopment strategy to establish a stable foundationfor our emerging business areas, striving to fill the shortfallin business volume caused by cyclical downturns in themarket. For the year ended 31 December 2024, theGroup recorded an annual revenue of RMB7,949,439,000,representing a decrease of 24.2% as compared to theprevious year, due to primarily the decrease in businessvolume in the vehicles’power supply systems division, aswell as the reducing business volume in the commercialvehicles assembly segment as a result of the Group'srepositioning strategy on refitted vehicles since thesecond half of 2023. However, benefited from theincrease in the portion of high margin products of theautomotive components and other industrial servicesdivision and the increase in government grant income, CHAIRMAN’S STATEMENT主席報告書 111,245,00060.2%5 0 , 6 2 1 , 0 0 0115.6% coupled with the decreases in the share of losses fromthe associates, including Wuling New Energy, whichlosses incurred was slightly decreased as compared toprevious year, the Group recorded a net profit ofRMB111,245,000 for the full year of 2024, representing anincrease of 60.2% as compared to the previous year.Profit attributable to owners of the Company alsoincreased to RMB50,621,000, representing an increase of115.6% as compared to the previous year. 二零二四年工作回顧 REVIEW OF WORK IN 2024 （一）堅持穩增長主基調，主營業務逆勢奮發謀發展 (I)Adhering to the basic principle of stabilisinggrowth, and seeking development of principalbusinesses during the downturn 1. 1.The component and part business seizedopportunities and followed market trends tomaintain existing markets and develop newones. In order to address the challenges posed byintensified market competition and theh o m o g e n e o u so r i g i n a l e q u i p m e n tmanufacturer (OEM) market, the Groupfocused on maintaining its existing businessrelationship with our key customer, SGMW,while expanding our customer base ine x t e r n a lm a r k e t s .T h r o u g h c o n t i n u o u soptimisation of our product structure andenhancement of our core competitiveness, CHAIRMAN’S STATEMENT主席報告書 t h e G r o u p i s c o m m i t t e d t o c r e a t i n g adiversified and high-quality automotivecomponent industry chain for our componenta n d p a r t b u s i n e s s . I n t e r m s o f m a r k e texpansion, we actively strengthened ourposition with key customers, successfullysecuring the component and parts businessfor several new models, including becomingthe exclusive supplier of electric seat switchesand combination switches. In addition, wepursued breakthroughs in external markets byproactively engaging in the power batteryproduct business, expanding our customerbase to include major manufacturers such asDongfeng Mengshi, FAW Jiefang, CheryAutomobile, and Geely Automobile. Thenewly commissioned Jingmen base in Hubeicapitalised on the increased productionvolume of Great Wall Motor to maintainr a p i d g r o w t h , a c