中国重汽：2025年中期报告

Contents 2Financial Figures3Definitions8Corporate Information12The Group14Shareholder Information17Management Discussion and Analysis58Other Information84Report on Review of Interim Financial Report86Consolidated Statement of Profit or Loss87Consolidated Statement of Comprehensive Income88Consolidated Statement of Financial Position91Consolidated Statement of Changes in Equity93Condensed Consolidated Cash Flow Statement95Notes to the Unaudited Interim Financial Report Financial Figures In this report, the following expressions shall have the following meaningsunless the context indicates otherwise: the total balances of the net trade receivables, net bills receivable and acceptancebills which are received from the customers to settle their trade debts “Aggregate Trade Balance” “AGM”“Articles” the annual general meeting of the Company or any adjournment thereof the articles of association of the Company, as amended, supplemented, modifiedor otherwise adopted from time to time “Audit Committee”“Auto-finance Services” the audit committee of the Company the provision of financing to the end-users and dealers of the Group’s productsfor the purpose of purchasing the Group’s vehicles the Shares to be granted under the Share Award Scheme China Association of Automobile Manufacturers the chairman of the Board the People’s Republic of China, and for the purpose of this report, excludes HongKong, the Macao Special Administrative Region of the PRC and Taiwan “CNHTC” (China National Heavy Duty Truck Group CompanyLimited), a state-owned enterprise organized under the laws of the PRC withlimited liability, being the immediate holding company of the Company “CNHTC Group”“Commercial Lending Services” CNHTC and its subsidiaries other than the Group the provision of loans to the borrowers, bill discounting services for bank billspresented by the borrowers and issue of bills (off-balance sheet credit business) Definitions “Companies Ordinance”“Company”or “Sinotruk” the Companies Ordinance (Chapter 622 of the Laws of Hong Kong)622 Sinotruk (Hong Kong) Limited, a company incorporated in Hong Kong withlimited liability, and the shares of which are listed on the Main Board of the StockExchange “Director(s)”“ED(s)”“Engines Segment” the director(s) of the Company the executive Director(s) the engines segment of the Group which engages in manufacture and sale ofengines, gearboxes and related parts “ESG”ESG“ESG Committee”ESG“Euro”“Executive Committee”“Finance Segment” environmental, social and governance the environmental, social and governance committee of the Company the lawful currency of the European Union the executive committee of the Company the finance segment of the Group which engages in provision of deposit taking,Commercial Lending Services and entrustment loans to the members of theGroup and members of CNHTC Group as well as the provision of Auto-financingServices and supply chain financing services to the public “FPFPS” FPFPS “FPFPS Group”FPFPS“GAAP” FPFPS and its subsidiaries including Volkswagen AG and TRATON SEFPFPSTRATON SE generally accepted accounting principles “GDP”gross domestic product“Group” or “We”the Company and its subsidiaries“HDT(s)”heavy duty truck(s) and medium-heavy duty truck(s)“HDTs Segment” or“Heavy Duty Trucks Segment”the heavy duty trucks segment of the Group which engages in manufacture andsale of heavy duty trucks, medium-heavy duty trucks and related components“HK$”Hong Kong dollars, the lawful currency of Hong Kong“Hong Kong”the Hong Kong Special Administrative Region of the PRC“INED(s)”the independent non-executive Director(s)“LDT(s)”light duty truck(s)“LDTs and Others Segment” or“Light Duty Trucks and Others Segment”the light duty trucks and others segment of the Group which engages inmanufacture and sale of light duty trucks, buses, other vehicles and relatedcomponents“Listing Rules”the Rules Governing the Listing of Securities on the Stock Exchange“NED(s)”the non-executive Director(s)“Nomination Committee”the nomination committee of the Company“Operating Profit (Loss) Margin”the ratio of operating profit (loss) to revenue of the segment of the Group“PBOC”The People’s Bank of China“Period”the six-month period ended 30 June 202520256306“President”the president of the Company Definitions “Previous Period”“Products Revenue” the six-month period ended 30 June 202420246306 the revenue of sales of goods and rendering of services by the HDTs Segment,the LDTs and Others Segment and the Engines Segment to external customers “R&D”“Remuneration Committee”“Share Award Scheme”“RMB”“Securities Management Department”“SFO”“Shanghai Stock Exchange”“Share(s)”“Shareholder(s)”“Shenzhen Stock Exchange”“SHIG” research and development the remuneration committee of the Company a restricted share award scheme adopted by the Company on 17 March 20242024317 Renminbi, the lawful currency of the PRC the securities management department of the Company the Securities and