一汽解放：2024年年度报告

Annual Report 2024 March 2025 2024 marks the 75th anniversary of the founding of thePeople's Republic of China and represents a critical year intheimplementation of the 14th Five-Year Plan. FAW Jiefang hasthoroughly implemented the guiding principles from the 20thNational Congress of the CPC and the Second and ThirdPlenary Sessions of the 20th Central Committee. Despite facingmultiple challenges including weak demand in the commercialtruck industry and profound marketrestructuring, our entireworkforce has confronted these difficulties head-on, perseveredthrough hardships, performed under pressure, and continued toforge ahead. We have overcome numerous obstacles, achievedremarkable results, and made breakthrough progress despiteadverse market conditions. Chairman and CPC Secretaryof FAW JiefangLi Sheng Boldly confronting markets, winning in retail sectors, and reinforcing our industry-leadingposition.With extraordinary determination, exceptional measures, and remarkable effort, weachieved annual vehicle sales of 251.1 thousandunits, representing a 3.90% year-on-year increase.Our medium and heavy truck sales reached 214thousandunits with a marketshare of 26.60%,maintaining our position as China's market leader for nine consecutive years. In overseas markets,despite downturns in key regions, we exported 57thousandvehicles-a 27.40% year-on-year increase-achieving record-high sales with the industry's fastest growth rate. Our new energy vehicle segmentcapitalized on market opportunities with sales of 15.9thousandunits, growing by 121% and settinga new record with the highest growth rate among premium brands. Our brand value has reached131.845 billionyuan, ranking first in the industry for 13 consecutive years. We've also earned thehonorary title of "National Responsibility Bearer," showcasing Jiefang's leadership as the flagship ofChina's automotive industry. Accelerating transformation, driving reform, and building lasting business strength.We have diligently promoted and implemented the principles from the Third Plenary Session of the 20thCPC Central Committee and conducted thorough Party discipline education. Our efforts earnedrecognition from China FAW as a "Pioneer Party Building Red List Unit" and "Merit CompetitionOutstanding Unit." We have deeply implemented state-owned enterprise reform initiatives, completedthe integration of manufacturing and operations, officially established Jiefang International, andlaunched our "SPRINT2030" internationalization strategy. We've also revitalized our aftermarketservices and UNID operations. Our quality management systems have matured significantly, supplychain capabilities have substantially improved, and incentive mechanisms have been furtheroptimized.In 2024, FAW Jiefang completed a 2-billion-yuan targeted share issuance whilemaintaining an industry-leading market capitalization. We were invited to share our reformachievements withthe State-owned Assets Supervision and Administration Commission, with ourpractices highlighted in the Commission's official briefings. Additionally, we received an A-levelevaluation for information disclosure from the Shenzhen Stock Exchange for the fourth consecutiveyear. Self-reliance and innovation: building core competitive advantages.We have strengthenedour technological research and development with severalinnovativebreakthroughs: completing theQingdao Commercial VehicleR&D Centeron schedule; establishing the Pioneering and LeadingLantu Joint Research Center with Shell China; unveiling the industry-first "Xingyi" hydrogen engineand liquid hydrogen fuel cell tractor; launching production at our 6DV engine super factory;introducing China'sfirst in-cylinder direct injection hydrogen engine for heavy commercial vehicles;achieving new milestones in digital transformation; receiving national awards for ourV2Xcloudplatform; having our J7 intelligent factory recognized among the first "Excellence-level IntelligentFactories" by the Ministry of Industry and Information Technology; launching over 150 new productsincluding the J7 Pioneering and Leading Version Edition; and achieving breakthroughs in more than100 key technologies. Reducinglogistics costs and carbon emissions:setting new standards in greenmanufacturing.Guided by green development principles, we have firmly implemented our "15333"new energy strategy and accelerated upgrades to our new energy products. We've continuouslyimproved fuel efficiency technologies, reducing average fuel consumption by 1.50 liters per 100kilometers. This has helped users save over 300 million liters of fuel annually, substantially reducing societal logistics costs and saving usersover 50 thousand yuan per vehicle annually. We'veaggressively pursued carbon reduction throughout our operations, implementing 31 megawatts ofphotovoltaic power generation and trading 50.8 million kilowatt-hours of green electricity, reducingcarbon emissions by 50thousandtons. Unified efforts and strategic collaboration