2025-04-29-深交所-一汽解放_2024年年度报告（英文版）_400页_4mb

报告摘要

FAW Jiefang Group Co., Ltd. 2024 Annual Report Summary

Core Content

FAW Jiefang Group Co., Ltd. (hereinafter referred to as "the Company") released its 2024 Annual Report in March 2025. The report outlines the Company's performance, strategic initiatives, financial status, and commitment to social responsibility and innovation.

Main Financial Performance

Annual Vehicle Sales: 251.1 thousand units, up by 3.90% year-on-year.
Medium and Heavy Truck Sales: 214 thousand units, with a 26.60% market share, maintaining its leadership in China for nine consecutive years.
Overseas Exports: 57 thousand vehicles, up by 27.40% year-on-year, achieving record-high sales with the fastest growth rate in the industry.
New Energy Vehicle Sales: 15.9 thousand units, up by 121% year-on-year, the highest growth rate among premium brands.
Brand Value: Reached 131.845 billion yuan, ranking first in the industry for 13 consecutive years.
Profit Distribution: A cash dividend of 0.5 yuan per 10 shares (tax inclusive) was distributed to all shareholders, totaling 4,922,371,176 shares.

Financial Highlights

Indicator	2024 (Yuan)	2023 (Yuan)	2022 (Yuan)	Change
Operating Income	58,581,106,258.53	63,904,532,477.03	38,331,747,083.88	-8.93%
Net Profit (Shareholders)	622,427,699.65	763,024,957.14	367,745,445.34	-22.78%
Net Profit (After Non-recurring)	-570,328,153.34	-83,315,836.30	-1,714,242,885.11	-584.54%
Net Cash Flows from Operating Activities	-5,850,286,307.05	4,201,717,721.52	-5,135,243,969.35	-243.05%
Basic Earnings per Share	0.1266	0.1651	0.0735	-29.86%
Diluted Earnings per Share	0.1266	0.1651	0.0804	-29.86%
Total Assets	72,749,219,016.61	65,873,387,927.31	56,772,860,616.12	+6.85%
Net Assets (Shareholders)	26,317,926,062.66	24,486,759,369.40	23,719,427,082.48	+6.11%

Key Strategic Initiatives

Chairman's Address: FAW Jiefang continued to lead in the implementation of the 14th Five-Year Plan and the guiding principles of the 20th National Congress of the CPC.
Market Leadership: Despite weak domestic demand and market restructuring, the Company maintained its leadership in the commercial truck market and achieved record-high overseas exports.
Innovation and Technology: The Company made several innovative breakthroughs, including the development of the "Xingyi" hydrogen engine and liquid hydrogen fuel cell tractor, and completed the Qingdao Commercial Vehicle R&D Center.
Digital Transformation: Achieved new milestones in digital transformation, with the V2X cloud platform receiving national awards.
"SPRINT2030" Strategy: Launched to enhance internationalization and global presence, including the establishment of Jiefang International.
Reforms and Governance: Deepened state-owned enterprise reforms, completed manufacturing and operations integration, and received recognition as a "Pioneer Party Building Red List Unit" and "Merit Competition Outstanding Unit".
Corporate Governance: The Company maintained A-level information disclosure for the fourth consecutive year and was invited to share its reform achievements with SASAC.

Environmental and Social Responsibility

Green Manufacturing: Implemented the "15333" new energy strategy, significantly improving fuel efficiency and reducing carbon emissions.
Public Welfare: Launched the "Jiefang Cares" initiative, supporting trucker programs, education, environmental protection, and rural revitalization.
ESG Recognition: Recognized in CCTV's "China ESG Listed Company Pioneer 100" for the second consecutive year and included in "Top Ten ESG Cases among Central Enterprise Listed Companies".

Other Key Information

Accounting Firm: Grant Thornton Certified Public Accountants (Special General Partnership).
Sponsor Institution: China International Capital Corporation Limited (October 21, 2024 - December 31, 2025).
Non-recurring Profit and Loss: Total of 1,192,755,852.99 yuan in 2024, with government subsidies contributing the most at 618,258,791.46 yuan.
Financial Disclosures: The Company disclosed its financial information on Shenzhen Stock Exchange, Securities Times, China Securities Journal, and CNINFO.
Legal and Compliance: All directors were present at the Board of Directors meeting. The Company ensured the authenticity, accuracy, and completeness of the annual report.

Future Outlook

FAW Jiefang remains committed to its "China's First, World-Class" strategic goal.
It will continue to focus on technological and product leadership, reforms, commercial success, and cultural and talent development.
The Company aims to achieve new breakthroughs in 2025 and advance toward becoming a world-class enterprise.

Summary of Key Achievements

Maintained market leadership in commercial trucks for nine years.
Achieved record-high overseas exports with 27.40% growth.
Made significant progress in new energy vehicles, with 121% growth.
Enhanced corporate governance, reforms, and digital transformation.
Earned ESG recognition and social responsibility accolades.
Strengthened brand value and public image through community and welfare initiatives.

Conclusion

FAW Jiefang Group Co., Ltd. demonstrated resilience and strategic focus in 2024, overcoming market challenges and driving innovation and growth. The Company remains a leading force in China's automotive industry, with a clear vision for future development and global expansion.

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