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Nov.30th Dec.4th, 20091
PRC Auto Industry 2009 3Q OverviewContent2
DFG 2009 3Q Business Overview and DFG 2009 1H Financial Performance
Outlook of DFG and PRC Auto Industry in 2009
PRC Auto Industry 2009 3Q Overview3
Strong Growth of PRC Auto Industry in 2009 3Q:Robust Growth of PV and Steady Recovery of CV 4Small emission PV: the major growth driverIndustry sales volume & GrowthMid-west China picks up market shareSteady recovery of CV13.53%25.32%21.84%6.7%34.24%
Chart2
378.91520.980.3749439181
232.15359.890.5502476847
145.15157.90.0878401653
82.53142.330.7245849994
1-9 2008
1-9 2009
YOY growth
Sheet1
20052006200720081H2009
Total sales volume575.8721.6879.2938.1609.9
YOY growth25.32%21.84%6.70%17.70%
1-9 20081-9 2009YOY growth
Sedan378.91520.9837.49%
Sedan
DFG Business Overview & financial performance5
Constant expansion and optimization of distribution networkUtilization rate maintains at higher levelDFG PV growth higher than industry average36%37.83%Strong performance of new models6Unit:0,000Unit:0,000Unit:0,000DFG: Strong Business Performance in 3Q of 2009
Chart3
71.642.240.5899441341
74.559.820.8029530201
94.575.630.8003174603
111.795.880.8583706356
131.2105.650.8052591463
131.258.60.894
Production Capacity
Prodution
Utilization Rate
Chart1
71.642.240.5899441341
74.559.820.8029530201
94.575.630.8003174603
111.795.880.8583706356
131.2105.650.8052591463
131.258.60.894
Production Capacity
Prodution
Utilization Rate
Chart2
71.642.240.5899441341
74.559.820.8029530201
94.575.630.8003174603
111.795.880.8583706356
131.2105.650.8052591463
Production Capacity
Prodution
Utilization Rate
Sheet1
20082007
70.876116.18%
35.0527.1928.91%
18.7516.9610.55%
12.361112.36%
4.72418.00%
17.820.73-14.13%
16.412.729.13%
20082007
33.0531.156.10%
10.428.7718.81%
5.076.4-20.78%
13.0911.6812.07%
4.484.313.94%
200420052006200720081H2009
Production Capacity71.674.594.5111.7131.2131.2
Prodution42.2459.8275.6395.88105.6558.6
Utilization Rate59%80.30%80.03%85.84%80.53%89.40%
2005200620072008
CV distribution network628206620562083
PV distribution network699121918972282
20052006200720082009E2010E
197N.A.413488535600
2005200620072008
214230286248
138110135156
352340421404
20052006200720082009
70120176230260
0808%2009
131.2105.6580.53%137.8
40.233.3582.96%40.3
39.432.782.99%39.4
\0.80.6581.25%0.9
9172.379.45%97.5
4538.585.56%47.5
3017.357.67%30
1616.5103.13%20
146111.776.51%157.5
3630.885.56%40
5446.986.85%57.5
1815.686.67%18.5
61.728.33%9
3029.698.67%30
4017.543.75%40
1616.5103.13%20
2005200620072008
DFG()59.575.194.95105.8
()575.7721.6879.2938.1
13.51%25.34%21.84%6.70%
DFG40.66%26.22%26.43%11.43%
27.15%0.88%4.59%4.73%
20042005200620072008
32.242.548.256170.9
31.99%13.53%26.42%16.23%
200320042005200620072008
6510860784157516203537271915350564
---6.64%159.14%29.22%33.59%28.92%
20042005200620072008
104722624463373127042164035
150.61%141.48%100.47%29.12%
DFG
20042005200620072008
DFG17.735.149.563.872.7
327.1397.1517.6629.8675.6
5.4%8.8%9.6%10.1%10.8%
20042005200620072008
DFG42.359.575.195105.8
507.2575.8721.6879.2938.1
DFG8.30%10.30%10.40%10.80%11.30%
2004200520062007200820042005200620072008
6.0815.7520.3527.1930.066.0815.7520.3527.1930.06
507.2575.8721.6879.2938.1
1.20%2.74%2.82%3.09%3.20%1.20%2.74%2.82%3.09%3.20%
20042005200620072008
1.052.626.3412.716.4
507.2575.8721.6879.2938.1
DFG0.21%0.46%0.88%1.44%1.75%
2009DFG1
39,81439,448%39,783
7248389994-19.46%86343-16.05%
6256064560-3.10%68193-8.26%
4898054808-10.63%54064-9.40%
MPV14853111-52.27%2003-25.86%
SUV12095664182.13%12126-0.26%
992325434-60.99%18150-45.33%
746021043-64.55%14387-48.15%
11547069-83.68%3386-65.92%
10272788-63.16%1855-44.64%
527911186-52.81%9146-42.28%
24634391-43.91%3763-34.55%
200420052006200720082009E
53.15660667886.9
60.60%76.38%80.72%93.18%91.85%
42.7748.4361.571.6445
20052006200720082009E
24.528.5364547.5
78.20%80.11%85.20%85.56%
20052006200720082009E2010E
197N.A.413488535600
20052006200720082009E
312121620
85.40%54.92%104.16%103.13%
2008
1.4L1.6L1.8L
1.4L1.6L1.4L49871943012737931251
1.6L83360209782140782
1.6L55205164035
3071.6L2.0L1.6L4612214723
2.0L1425420010
2061.4L1.6L1.4L8959DFG19430337161370801
1.6L5634
1.6L2.0L1.6L16591659
2.0L17061706
2.0L13953
C21.4L1.6L1.4L4716
1.6L30701.4L1.6L1.8L
1.6L2.0L1.6L6715
2.0L1338194302.67%12737917.51%312514.30%178060
2071.4L1.6L1.4L768020978228.84%14078219.35%350564
1.6L63816403522.55%164035
178060147232.02%14723
200102.75%20010
2.0L3.5L2.0L10292194302.67%33716146.35%37080150.98%727392
2.3L11865
2.5L34200
3.5L2019
/1.6L137193
1.6L69992
1.6L2.0L)1.6L1886
2.0L51338
1.8L1.8L3797
1.61.6L44
1.6L-2.0L1.6L667
2.0L23105
2.0L-2.5L2.0L623
2.5L3543
350564
2.0L1682
2.4L2.5L1875
2.4L10952
3.3L214
14723
1.8L83413
CRV2.0L2.4L80622
164035
1.8L20010
2.0L
2008source
100%8.6
52.3%4.5
20.9%1.8
16.3%1.4
9.3%0.8
1.2%0.1
2008source
25.73%10.19%
27.91%15.17%
12.45%
8.79%
9.39%
6.17%
6.00%
3.56%
DFACsource
3.90%
15.30%
17.90%
4.60%
7.80%
38.10%
12.40%
2008
2008
17.4%6.6%
8.4%
12.2%
29.4%14.3%15.1%
18.8%16.7%
8.8%
4.7%
0.3%
Sheet1
000
000
000
000
000
000
&A
Page &P
Production Capacity
Prodution
Utilization Rate
Sheet2
00
00
00
00
CV distribution network
PV distribution network
Sheet3
0
0
0
0
0
0
N.A.
0000
0000
0000
0000
&A
Page &P
DFG()
()
DFG
000
000
000
000
000
&A
Page &P
DFG
DFG
00
00
00
00
00
&A
Page &P
00
00
00
00
00
00
&A
Page &P
00
00
00
00
00
00
&A
Page &P
000
000
000
000
000
&A
Page &P
00
00
00
00
00
&A
Page &P
00
00
00
00
00
&A
Page &P
00
00
00
00
00
&A
Page &P
0
0
0
0
0
000
000
000
000
000
&A
Page &P
DFG
DFG
DFG
0
0
0
0
0
0
0
0
:4
2008
0
0
0
0
0
2008
0
0
0
0
0
0
0
DFAC2008
0
0
0
0
0
0
0
0
2008
MBD000F7FBD.xls
Sheet1
3505206.25%100.00%
1544780.97%15.54%
2531630.95%15.17%
3446660.80%12.74%
4436270.78%12.45%
5357170.64%10.19%
6308060.55%8.79%
7329120.59%9.39%
8216430.39%6.17%
9210180.37%6.00%
10124900.22%3.56%
Sheet2
2008
350520100.00%
20.00%
20.00%
148394.23%
6897919.68%
6821419.46%
5322415.18%
37971.08%
6999219.97%
237726.78%
4353312.42%
41661.19%
Sheet3
Chart1
6.1
5.54
4.36
0.45
0.82
sales volume
Sheet1
200420052006200720081-9 2009
PV sales volume327.1397.1517.6629.8675.6724.2
CV sales volume180.1178.7204249.4262.5242.1
total growth13.53%25.32%21.84%6.70%34.24%
507.2575.8721.6879.2938.1966.3
20052006200720081-9 2009
CIVIC3.798.138.347.07
CRV2.622.554.578.067.78
29.12%17.53%
Syphyhatchback ElyseeC4SpiriorS30
sales volume6.15.544.360.450.82
2.28new
Sheet1
00
00
00
00
00
00
PV sales volume
CV sales volume
Sheet2
00
00
00
00
00
CIVIC
CRV
Sheet3
0
0
0
0
0
sales volume
Chart2
628699
20661219
20561897
20832282
21862322
CV Distribution Network
PV Distribution Network
Chart1
628699
20661219
20561897
20832282
CV Distribution Network
PV Distribution Network
Sheet1
20082007
70.876116.18%
35.0527.1928.91%
18.7516.9610.55%
12.361112.36%
4.72418.00%
17.820.73-14.13%
16.412.729.13%
20082007
33.0531.156.10%
10.428.7718.81%
5.076.4-20.78%
13.0911.6812.07%
4.484.313.94%
20042005200620072008
()71.674.594.5111.7131.2
()42.2459.8275.6395.88105.65
59%80.30%80.03%85.84%80.53%
20052006200720081H2009
CV Distribution Network6282066205620832186
PV Distribution Network6991219189722822322
20052006200720082009E2010E
197N.A.413488535600
2005200620072008
214230286248
138110135156
352340421404
20052006200720082009
70120176230260
0808%2009
131.2105.6580.53%137.8
40.233.3582.96%40.3
39.432.782.99%39.4
\0.80.6581.25%0.9
9172.379.45%97.5
4538.585.56%47.5
3017.357.67%30
1616.5103.13%20
146111.776.51%157.5
3630.885.56%40
5446.986.85%57.5
1815.686.67%18.5
61.728.33%9
3029.698.67%30
4017.543.75%40
1616.5103.13%20
2005200620072008
DFG()59.575.194.95105.8
()575.7721.6879.2938.1
13.51%25.34%21.84%6.70%
DFG40.66%26.22%26.43%11.43%
27.15%0.88%4.59%4.73%
20042005200620072008
32.242.548.256170.9
31.99%13.53%26.42%16.23%
200320042005200620072008
6510860784157516203537271915350564
---6.64%159.14%29.22%33.59%28.92%
20042005200620072008
104722624463373127042164035
150.61%141.48%100.47%29.12%
DFG
20042005200620072008
DFG17.735.149.563.872.7
327.1397.1517.6629.8675.6
5.4%8.8%9.6%10.1%10.8%
20042005200620072008
DFG42.359.575.195105.8
507.2575.8721.6879.2938.1
DFG8.30%10.30%10.40%10.80%11.30%
2004200520062007200820042005200620072008
6.0815.7520.3527.1930.066.0815.7520.3527.1930.06
507.2575.8721.6879.2938.1
1.20%2.74%2.82%3.09%3.20%1.20%2.74%2.82%3.09%3.20%
20042005200620072008
1.052.626.3412.716.4
507.2575.8721.6879.2938.1
DFG0.21%0.46%0.88%1.44%1.75%
2009DFG1
39,81439,448%39,783
7248389994-19.46%86343-16.05%
6256064560-3.10%68193-8.26%
4898054808-10.63%54064-9.40%
MPV14853111-52.27%2003-25.86%
SUV12095664182.13%12126-0.26%
992325434-60.99%18150-45.33%
746021043-64.55%14387-48.15%
11547069-83.68%3386-65.92%
10272788-63.16%1855-44.64%
527911186-52.81%9146-42.28%
24634391-43.91%3763-34.55%
200420052006200720082009E
53.15660667886.9
60.60%76.38%80.72%93.18%91.85%
42.7748.4361.571.6445
20052006200720082009E
24.528.5364547.5
78.20%80.11%85.20%85.56%
20052006200720082009E2010E
197N.A.413488535600
20052006200720082009E
312121620
85.40%54.92%104.16%103.13%
2008
1.4L1.6L1.8L
1.4L1.6L1.4L49871943012737931251
1.6L83360209782140782
1.6L55205164035
3071.6L2.0L1.6L4612214723
2.0L1425420010
2061.4L1.6L1.4L8959DFG19430337161370801
1.6L5634
1.6L2.0L1.6L16591659
2.0L17061706
2.0L13953
C21.4L1.6L1.4L4716
1.6L30701.4L1.6L1.8L
1.6L2.0L1.6L6715
2.0L1338194302.67%12737917.51%312514.30%178060
2071.4L1.6L1.4L768020978228.84%14078219.35%350564
1.6L63816403522.55%164035
178060147232.02%14723
200102.75%20010
2.0L3.5L2.0L10292194302.67%33716146.35%37080150.98%727392
2.3L11865
2.5L34200
3.5L2019
/1.6L137193
1.6L69992
1.6L2.0L)1.6L1886
2.0L51338
1.8L1.8L3797
1.61.6L44
1.6L-2.0L1.6L667
2.0L23105
2.0L-2.5L2.0L623
2.5L3543
350564
2.0L1682
2.4L2.5L1875
2.4L10952
3.3L214
14723
1.8L83413
CRV2.0L2.4L80622
164035
1.8L20010
2.0L
2008source
100%8.6
52.3%4.5
20.9%1.8
16.3%1.4
9.3%0.8
1.2%0.1
2008source
25.73%10.19%
27.91%15.17%
12.45%
8.79%
9.39%
6.17%
6.00%
3.56%
DFACsource
3.90%
15.30%
17.90%
4.60%
7.80%
38.10%
12.40%
2008
2008
17.4%6.6%
8.4%
12.2%
29.4%14.3%15.1%
18.8%16.7%
8.8%
4.7%
0.3%
Sheet1
000
000
000
000
000
&A
Page &P
()
()
Sheet2
00
00
00
00
00
CV Distribution Network
PV Distribution Network
Sheet3
0
0
0
0
0
0
N.A.
0000
0000
0000
0000
&A
Page &P
DFG()
()
DFG
000
000
000
000
000
&A
Page &P
DFG
DFG
00
00
00
00
00
&A
Page &P
00
00
00
00
00
00
&A
Page &P
00
00
00
00
00
00
&A
Page &P
000
000
000
000
000
&A
Page &P
00
00
00
00
00
&A
Page &P
00
00
00
00
00
&A
Page &P
00
00
00
00
00
&A
Page &P
0
0
0
0
0
000
000
000
000
000
&A
Page &P
DFG
DFG
DFG
0
0
0
0
0
0
0
0
:4
2008
0
0
0
0
0
2008
0
0
0
0
0
0
0
DFAC2008
0
0
0
0
0
0
0
0
2008
MBD000F7FBD.xls
Sheet1
3505206.25%100.00%
1544780.97%15.54%
2531630.95%15.17%
3446660.80%12.74%
4436270.78%12.45%
5357170.64%10.19%
6308060.55%8.79%
7329120.59%9.39%
8216430.39%6.17%
9210180.37%6.00%
10124900.22%3.56%
Sheet2
2008
350520100.00%
20.00%
20.00%
148394.23%
6897919.68%
6821419.46%
5322415.18%
37971.08%
6999219.97%
237726.78%
4353312.42%
41661.19%
Sheet3
Chart1
427.79581.81
53.9474.35
2008 1-9
2009 1-9
Sheet1
20052006200720081H2009
Total sales volume575.8721.6879.2938.1609.9
YOY growth25.32%21.84%6.70%17.70%
1H20081H2009YOY growth
Sedan266.8324.421.59%
Sedan
Dongfeng Nissan PV Company Most Shining Star in the marketDongfeng Honda Co., benefits from best-selling models Dongfeng Peugeot Citroen Company:Sees clear signs of recoveryDFG: Major Business Units Record Remarkable PerformanceDongfeng CV sales rebounds MOM7Unit:0,000Unit:0,000Unit:0,000Unit:0,0002.626.3412.716.414.85
Chart4
14.09
18.62
DPCA sales volume
Sheet1
20052006200720081H2009
Total sales volume575.8721.6879.2938.1609.9
YOY growth25.32%21.84%6.70%17.70%
1H20081H2009YOY growth
Sedan266.8324.421.59%
Sedan
Steady Growth of Sales Revenue,with Improved Product MixSales Revenue Steadily GrowsPV Sales RevenueCV Sales Revenue8Unit: MN YuanUnit: MN YuanUnit: MN Yuan
Chart4
37896
39046
Revenue
Sheet1
Total industry sales volume
200720082005200620072008
PV629.8675.6PV0.00%0.00%71.63%72.02%
CV249.4262.5CV0.00%0.00%28.37%27.98%
Total879.2938.1
PV sales volume and growth
20072008
PV629.8675.6
PV growth rate0.00%7.27%
PV sales structurevolumePV sales structureproportionPV sales structureproportion
2007200820052006200720082005200620072008
Sedan472.7504.7Sedan0.00%0.00%75.06%74.70%Sedan70.20%73.98%75.06%74.70%
MPV22.619.7MPV0.00%0.00%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%
SUV35.744.8SUV0.00%0.00%5.67%6.63%SUV4.94%4.60%5.67%6.63%
Cross type PV98.8106.4Cross type PV0.00%0.00%15.69%15.75%MPV3.93%3.69%3.59%2.92%
PV total629.8675.6PV total0.00%0.00%100.00%100.00%
CV sales volume
20072008
CV sales volume249.4262.5
CV growth rate22.30%5.25%
Truck sales volume structure
2008
HD truckHD truck54
MD truckMD truck20.7
LD truckLD truck117.6
Mini-vanMini-van36.1
total trucktotal truck228.4
DFG annual sales volume and growth rate
20072008
DFG sales volume95105.8
growth rate26.40%11.42%
20072008
DFG market share10.80%11.30%
DFG PV sales volume and market share
20072008
DFG PV sales volume63.872.7
market share10.1%10.8%
DFG 2008 PV sales structure
sedan
MPV
SUV
DFG PV engine structure
1.6L1.8L
12737917.51%312514.30%178060
20978228.84%14078219.35%350564
16403522.55%164035
147232.02%14723
200102.75%20010
33716146.35%37080150.98%727392
DFG PV engine structure
>1.8L
proportion50.98%
DFG HD truck &MD truck market share
20072008
DFG sales volume15.215.5
industry sales volume72.574.7
20072008
DFG market share20.97%20.75%
20072008
DFG HD truck &MD truck sales volume15.215.5
20072008
DFG LD truck sales volume11.713.1
LD truck market share10.60%11.10%
kinland sales volume
penetration rate per thousand people in 2007
JapanKerea
penetration rate per thousand people in 2007618.9339
20072008
CV distribution network20562083
PV distribution network18972282
Revenue
1H20081H2009
Revenue3789639046
Sheet1
397.1178.7
517.6204
629.8249.4
675.6262.5
PV
CV
Total industry sales volume and sales structure
Sheet2
397.10.214
517.60.3034500126
629.80.2167697063
675.60.0727214989
&A
Page &P
PV
PV growth rate
Sheet3
0.70201511340.20931989920.04937027710.0392947103
0.73976043280.17735703250.04598145290.0369010819
0.7505557320.15687519850.05668466180.0358844077
0.74703966840.15748963880.06631142690.0291592658
Sedan
Cross type PV
SUV
MPV
54
20.7
117.6
36.1
2008
2008 truck sales structure
59.50.407
75.10.2626
950.264
105.80.1142
&A
Page &P
DFG sales volume
growth rate
0.103
0.104
0.108
0.113
DFG market share
35.10.088
49.50.096
63.80.101
72.70.108
&A
Page &P
DFG PV sales volume
market share
58
2.5
12.16
sales volume
DFG 2008 PV sales structure
0
0
0
proportion
DFG PV engine structure
0
0
0
0
DFG HD truck &MD truck sales volume
00
00
00
00
&A
Page &P
DFG LD truck sales volume
LD truck market share
0
0
kinland sales volume
0
0
0
0
penetration rate per thousand people in 2007
&A
Page &P
Revenue
Chart5
24649
30200
Revenue of PV Segment
Sheet1
Total industry sales volume
20052006200720082005200620072008
PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%
CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%
Total575.8721.6879.2938.1
PV sales volume and growth
2005200620072008
PV397.1517.6629.8675.6
PV growth rate21.40%30.35%21.68%7.27%
PV sales structurevolumePV sales structureproportionPV sales structureproportion
200520062007200820052006200720082005200620072008
Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%
MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%
SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%
Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%
PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%
CV sales volume
2005200620072008
CV sales volume178.7204249.4262.5
CV growth rate-0.80%14.15%22.30%5.25%
Truck sales volume structure
20082008
HD truck54HD truck54
MD truck20.7MD truck20.7
LD truck117.6LD truck117.6
Mini-van36.1Mini-van36.1
total truck175.1total truck228.4
DFG annual sales volume and growth rate
2005200620072008
DFG sales volume59.575.195105.8
growth rate40.70%26.26%26.40%11.42%
2005200620072008
DFG market share10.30%10.40%10.80%11.30%
DFG PV sales volume and market share
2005200620072008
DFG PV sales volume35.149.563.872.7
market share8.8%9.6%10.1%10.8%
DFG 2008 PV sales structure
sales volume
sedan58
MPV2.5
SUV12.16
DFG PV engine structure
1.4L1.6L1.8L
194302.67%12737917.51%312514.30%178060
020978228.84%14078219.35%350564
16403522.55%164035
147232.02%14723
200102.75%20010
194302.67%33716146.35%37080150.98%727392
DFG PV engine structure
1.4L1.6L>1.8L
proportion2.67%46.35%50.98%
DFG HD truck &MD truck market share
2005200620072008
DFG sales volume12.811.715.215.5
industry sales volume43.150.972.574.7
2005200620072008
DFG market share29.70%22.99%20.97%20.75%
2005200620072008
DFG HD truck &MD truck sales volume12.811.715.215.5
2005200620072008
DFG LD truck sales volume8.310.111.713.1
LD truck market share9.70%10.60%10.60%11.10%
20072008
kinland sales volume2.24.01
penetration rate per thousand people in 2007
ChinaAmericanJapanKerea
penetration rate per thousand people in 200733817.2618.9339
2005200620072008
CV distribution network628206620562083
PV distribution network699121918972282
revenue
2005200620072008
revenue41735482645931870569
revenue growth rate27.5%15.6%22.9%19.0%
revenue of PV segment
1H20081H2009
Revenue of PV Segment2464930200
revenue of CV segment
20072008
revenue of CV segment1690120980
Sheet1
397.1178.7
517.6204
629.8249.4
675.6262.5
PV
CV
Total industry sales volume and sales structure
Sheet2
397.10.214
517.60.3034500126
629.80.2167697063
675.60.0727214989
&A
Page &P
PV
PV growth rate
Sheet3
0.70201511340.20931989920.04937027710.0392947103
0.73976043280.17735703250.04598145290.0369010819
0.7505557320.15687519850.05668466180.0358844077
0.74703966840.15748963880.06631142690.0291592658
Sedan
Cross type PV
SUV
MPV
54
20.7
117.6
36.1
2008
2008 truck sales structure
59.50.407
75.10.2626
950.264
105.80.1142
&A
Page &P
DFG sales volume
growth rate
0.103
0.104
0.108
0.113
DFG market share
35.10.088
49.50.096
63.80.101
72.70.108
&A
Page &P
DFG PV sales volume
market share
58
2.5
12.16
sales volume
DFG 2008 PV sales structure
0
0
0
proportion
DFG PV engine structure
0
0
0
0
DFG HD truck &MD truck sales volume
8.30.097
10.10.106
11.70.106
13.10.111
&A
Page &P
DFG LD truck sales volume
LD truck market share
2.2
4.01
kinland sales volume
33
817.2
618.9
339
penetration rate per thousand people in 2007
&A
Page &P
revenue
revenue growth rate
Revenue of PV Segment
Chart6
12785
8482
revenue of CV segment
Sheet1
Total industry sales volume
20052006200720082005200620072008
PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%
CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%
Total575.8721.6879.2938.1
PV sales volume and growth
2005200620072008
PV397.1517.6629.8675.6
PV growth rate21.40%30.35%21.68%7.27%
PV sales structurevolumePV sales structureproportionPV sales structureproportion
200520062007200820052006200720082005200620072008
Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%
MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%
SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%
Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%
PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%
CV sales volume
2005200620072008
CV sales volume178.7204249.4262.5
CV growth rate-0.80%14.15%22.30%5.25%
Truck sales volume structure
20082008
HD truck54HD truck54
MD truck20.7MD truck20.7
LD truck117.6LD truck117.6
Mini-van36.1Mini-van36.1
total truck175.1total truck228.4
DFG annual sales volume and growth rate
2005200620072008
DFG sales volume59.575.195105.8
growth rate40.70%26.26%26.40%11.42%
2005200620072008
DFG market share10.30%10.40%10.80%11.30%
DFG PV sales volume and market share
2005200620072008
DFG PV sales volume35.149.563.872.7
market share8.8%9.6%10.1%10.8%
DFG 2008 PV sales structure
sales volume
sedan58
MPV2.5
SUV12.16
DFG PV engine structure
1.4L1.6L1.8L
194302.67%12737917.51%312514.30%178060
020978228.84%14078219.35%350564
16403522.55%164035
147232.02%14723
200102.75%20010
194302.67%33716146.35%37080150.98%727392
DFG PV engine structure
1.4L1.6L>1.8L
proportion2.67%46.35%50.98%
DFG HD truck &MD truck market share
2005200620072008
DFG sales volume12.811.715.215.5
industry sales volume43.150.972.574.7
2005200620072008
DFG market share29.70%22.99%20.97%20.75%
2005200620072008
DFG HD truck &MD truck sales volume12.811.715.215.5
2005200620072008
DFG LD truck sales volume8.310.111.713.1
LD truck market share9.70%10.60%10.60%11.10%
20072008
kinland sales volume2.24.01
penetration rate per thousand people in 2007
ChinaAmericanJapanKerea
penetration rate per thousand people in 200733817.2618.9339
2005200620072008
CV distribution network628206620562083
PV distribution network699121918972282
revenue
2005200620072008
revenue41735482645931870569
revenue growth rate27.5%15.6%22.9%19.0%
revenue of PV segment
1H20081H2009
revenue of CV segment127858482
Revenue of CV Segment
20072008
Revenue of CV Segment1690120980
Sheet1
397.1178.7
517.6204
629.8249.4
675.6262.5
PV
CV
Total industry sales volume and sales structure
Sheet2
397.10.214
517.60.3034500126
629.80.2167697063
675.60.0727214989
&A
Page &P
PV
PV growth rate
Sheet3
0.70201511340.20931989920.04937027710.0392947103
0.73976043280.17735703250.04598145290.0369010819
0.7505557320.15687519850.05668466180.0358844077
0.74703966840.15748963880.06631142690.0291592658
Sedan
Cross type PV
SUV
MPV
54
20.7
117.6
36.1
2008
2008 truck sales structure
59.50.407
75.10.2626
950.264
105.80.1142
&A
Page &P
DFG sales volume
growth rate
0.103
0.104
0.108
0.113
DFG market share
35.10.088
49.50.096
63.80.101
72.70.108
&A
Page &P
DFG PV sales volume
market share
58
2.5
12.16
sales volume
DFG 2008 PV sales structure
0
0
0
proportion
DFG PV engine structure
0
0
0
0
DFG HD truck &MD truck sales volume
8.30.097
10.10.106
11.70.106
13.10.111
&A
Page &P
DFG LD truck sales volume
LD truck market share
2.2
4.01
kinland sales volume
33
817.2
618.9
339
penetration rate per thousand people in 2007
&A
Page &P
revenue
revenue growth rate
revenue of CV segment
Constant Improvement of ProfitabilityGross Profit and Gross MarginEBIT and EBIT RateNet Profit and NP Margin (Recurring) ROERecurring Unit: MN YuanUnit: MN YuanUnit: MN YuanUnit: MN Yuan9
Chart4
122070.158
142880.176
177130.203
213660.207
235830.232
Shareholders` Equity
ROE
Sheet1
20052006200720081H2009
Total sales volume575.8721.6879.2938.1609.9
YOY growth25.32%21.84%6.70%17.70%
1H20081H2009YOY growth
Sedan266.8324.421.59%
Sedan
Outlook of DFG and PRC Auto Industry in 200910
Break-out Demand in Mid-west Regions Outlook of PRC Auto Industry in 2009Unit:US$Unit / per thousand peopleConstant Increase of Consumer Affordability Great Growth Potential for PV in China
Sales Volume Forecast for 2009
11
Chart1
945
1041
1135
1273
1490
1739
2052
2553
3000
Per Capita GDP -China
>3000
Sheet1
2000010203040506073Q080809
8.00%7.30%8.00%9.10%10.10%10.40%10.70%11.40%9.90%9.00%8%
200120022003200420052006200712345678910111220082009.12009.2
PPI-1.3%-2.2%2.3%6.1%4.9%3.2%3.1%6.1%6.6%8.0%8.1%8.2%8.8%10.0%10.1%9.1%6.6%2.0%-1.1%6.9%-3.3%-4.5%
200510493
2006114158.79%
20071378617.20%
1H2008806514.40%
09.1-2-11.80%13.20%
09.1-1-13.79%11.70%
08.1-123.48%14.48%
1-115.60%15.40%
1-107.20%16.10%
1-97.60%16.10%
1-86.60%15.70%
1-76.50%15.60%
1-67.40%15.20%
1-58.11%14.90%
1-48.59%14.00%
1-39.13%12.70%
1-210.52%11.80%
1-112.80%9.60%
07.1-1211.52%15.41%
1-1115.81%17.30%
1-1015.42%17.50%
1-916.41%17.40%
1-817.23%17.40%
1-716.65%17.10%
1-620.10%22.50%
1-515.76%15.70%
1-416.33%15.40%
1-317.33%15.30%
1-216.25%15.40%
1-118.29%16.60%
06.1-128.11%10.97%
1-1110.55%12.00%
1-1010.76%11.80%
1-910.31%11.60%
1-89.81%11.30%
1-79.19%11.30%
1-69.25%11.40%
1-59.95%11.30%
1-48.78%11.10%
1-38.48%11.70%
1-26.72%10.30%
06.1-11.57%11.10%
1-21-31-41-51-61-71-81-91-101-111-12
200723.4%25.3%25.5%25.9%26.6%26.6%26.7%26.4%26.9%26.8%24.8%
200824.3%25.9%25.7%25.6%26.8%27.3%27.4%27.6%27.2%26.8%25.5%
200926.50%
200120022003200420052006200712345678910111220082009.12009.2
CPI0.7%-0.8%1.2%3.9%1.8%1.5%4.8%7.1%8.7%8.3%8.5%7.7%7.1%6.3%4.9%4.6%4.0%2.4%1.2%5.9%1.0%-1.6%
123456789101112
2007158.8237.3968.7168.8224.5269.1243.6249.7239.1270.5262.8226.9
2008194.985.55134.07166.77202.1213.5252.8286.9293352.39400.9340
0822.73%-63.96%95.15%-1.20%-9.98%-20.66%3.78%14.90%22.54%30.27%52.55%49.85%
200939148.41
09
123456789101112
2008194.985.55134.07166.77202.1213.5252.8286.9293352.39400.9340
200939148.41
09100.62%-43.41%
2005200620072008
10493114151378615785
8.79%17.20%14.50%
GDP200020012002200320042005200620072008
RMB 99214.6109655.2120332.7135822.8159878.3183084.8209407249530.6300670
200020012002200320042005200620072008
Per Capita GDP -China94510411135127314901739205225533000
GDPRMB7858862293981054212336140401602418868
200812311=6.8346
200020012002200320042005200620072008
6280686077038472942210493117591378615781D
7.28%9.24%12.29%9.98%11.21%11.37%12.07%17.24%14.47%
1mm3mm
Jan-075,0794,130
Feb-075,0874,329
Mar-075,0574,325
Apr-074,9674,295
May-075,0214,339
Jun-074,8554,126
Jul-074,7304,016
Aug-074,9024,113
Sep-075,2704,379
Oct-075,2104,300
Nov-075,1694,501
Dec-075,5474,844
Jan-085,7444,976
Feb-086,1365,156
Mar-086,5405,372
Apr-086,6065,438
May-087,0555,774
Jun-087,3806,003
Jul-087,2026,107
Aug-086,6015,917
Sep-086,2385,251
Oct-084,9273,886
Nov-084,1573,523
Dec-084,3843,726
2-Jan-0945444020
1-Feb-0945564168
123456789101112
1096.6873.71088.51187.11204.91215.31366.81348.71364128311491111.6
194.985.6134.1166.8202.1213.5252.8286.9293352.4400.9340
66667623
Sheet1
0
0
0
0
0
0
0
0
0
0
GDP
Sheet2
00
00
00
00
&A
Page &P
Sheet3
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
PPI
000
000
000
000
000
000
000
000
000
000
000
2007
2008
2009
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
CPI
000
000
000
000
000
000
000
000
000
000
000
000
&A
Page &P
2007
2008
08
00
00
00
00
&A
Page &P
945
1041
1135
1273
1490
1739
2052
2553
3000
GDPUSD
>3000
5078.54130
5087.33333333334328.6666666667
5056.66666666674325.2380952381
4966.95652173914294.7826086956
5020.55555555564338.8888888889
48554126
4729.56521739134016.0869565217
4901.73913043484113.4782608696
5270.45454545464378.6363636364
5210.43478260874300
5169.09090909094501.3636363636
5546.66666666674844.2857142857
5744.09090909094975.9090909091
6135.88235294125155.8823529412
6539.52380952385372.380952381
6605.90909090915437.7272727273
7055.23809523815774.2857142857
73806003.3333333333
7202.17391304356106.5217391304
6600.71428571435916.9047619048
6237.72727272735251.3636363636
4927.39130434783886.0869565217
4156.53522.5
4384.3478260873725.652173913
45444020
45564168
1mm
3mm
000
000
000
000
000
000
000
000
000
000
000
000
&A
Page &P
2008
2009
09
62800.0728
68600.0923566879
77030.1228862974
84720.0998312346
94220.1121340888
104930.1136701337
117590.1206518631
137860.1723786036
157810.1447120267
&A
Page &P
00
00
00
00
00
00
00
00
00
00
00
00
2008
Chart1
575.8
621.6
879.2
938.1
1200
Total Industry Sales Volume
1200
Sheet1
Total industry sales volume
20052006200720082005200620072008
PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%
CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%
Total575.8721.6879.2938.1
PV sales volume and growth
2005200620072008
PV397.1517.6629.8675.6
PV growth rate21.40%30.35%21.68%7.27%
PV sales structurevolumePV sales structureproportionPV sales structureproportion
200520062007200820052006200720082005200620072008
Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%
MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%
SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%
Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%
PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%
CV sales volume
2005200620072008
CV sales volume178.7204249.4262.5
CV growth rate-0.80%14.15%22.30%5.25%
Truck sales volume structure
20082008
HD truck54HD truck54
MD truck20.7MD truck20.7
LD truck117.6LD truck117.6
Mini-van36.1Mini-van36.1
total truck175.1total truck228.4
DFG annual sales volume and growth rate
2005200620072008
DFG sales volume59.575.195105.8
growth rate40.70%26.26%26.40%11.42%
2005200620072008
DFG market share10.30%10.40%10.80%11.30%
DFG PV sales volume and market share
2005200620072008
DFG PV sales volume35.149.563.872.7
market share8.8%9.6%10.1%10.8%
DFG 2008 PV sales structure
sales volume
sedan58
MPV2.5
SUV12.16
DFG PV engine structure
1.4L1.6L1.8L
194302.67%12737917.51%312514.30%178060
020978228.84%14078219.35%350564
16403522.55%164035
147232.02%14723
200102.75%20010
194302.67%33716146.35%37080150.98%727392
DFG PV engine structure
1.4L1.6L>1.8L
proportion2.67%46.35%50.98%
DFG HD truck &MD truck market share
2005200620072008
DFG sales volume12.811.715.215.5
industry sales volume43.150.972.574.7
2005200620072008
DFG market share29.70%22.99%20.97%20.75%
2005200620072008
DFG HD truck &MD truck sales volume12.811.715.215.5
2005200620072008
DFG LD truck sales volume8.310.111.713.1
LD truck market share9.70%10.60%10.60%11.10%
20072008
kinland sales volume2.24.01
penetration rate per thousand people in 2007
ChinaAmericanJapanKerea
penetration rate per thousand people in 200733817.2618.9339
2005200620072008
CV distribution network628206620562083
PV distribution network699121918972282
revenue
2005200620072008
revenue41735482645931870569
revenue growth rate27.5%15.6%22.9%19.0%
revenue of PV segment
20072008
revenue of PV segment4165548660
revenue of CV segment
20072008
revenue of CV segment1690120980
total industry sales volume
20052006200720082009E
Total Industry Sales Volume575.8621.6879.2938.11200
Sheet1
00
00
00
00
PV
CV
Total industry sales volume and sales structure
Sheet2
00
00
00
00
&A
Page &P
PV
PV growth rate
Sheet3
0000
0000
0000
0000
Sedan
Cross type PV
SUV
MPV
0
0
0
0
2008
2008 truck sales structure
00
00
00
00
&A
Page &P
DFG sales volume
growth rate
0
0
0
0
DFG market share
00
00
00
00
&A
Page &P
DFG PV sales volume
market share
0
0
0
sales volume
DFG 2008 PV sales structure
0
0
0
proportion
DFG PV engine structure
0
0
0
0
DFG HD truck &MD truck sales volume
00
00
00
00
&A
Page &P
DFG LD truck sales volume
LD truck market share
0
0
kinland sales volume
0
0
0
0
penetration rate per thousand people in 2007
00
00
00
00
&A
Page &P
revenue
revenue growth rate
revenue of PV segment
Total Industry Sales Volume
Chart1
33
817.2
618.9
339
Penetration Rate Per thousand People in 2007
Sheet1
Total industry sales volume
20052006200720082005200620072008
PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%
CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%
Total575.8721.6879.2938.1
PV sales volume and growth
2005200620072008
PV397.1517.6629.8675.6
PV growth rate21.40%30.35%21.68%7.27%
PV sales structurevolumePV sales structureproportionPV sales structureproportion
200520062007200820052006200720082005200620072008
Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%
MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%
SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%
Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%
PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%
CV sales volume
2005200620072008
CV sales volume178.7204249.4262.5
CV growth rate-0.80%14.15%22.30%5.25%
Truck sales volume structure
20082008
HD truck54HD truck54
MD truck20.7MD truck20.7
LD truck117.6LD truck117.6
Mini-van36.1Mini-van36.1
total truck175.1total truck228.4
DFG annual sales volume and growth rate
2005200620072008
DFG sales volume59.575.195105.8
growth rate40.70%26.26%26.40%11.42%
2005200620072008
DFG market share10.30%10.40%10.80%11.30%
DFG PV sales volume and market share
2005200620072008
DFG PV sales volume35.149.563.872.7
market share8.8%9.6%10.1%10.8%
DFG 2008 PV sales structure
sales volume
sedan58
MPV2.5
SUV12.16
DFG PV engine structure
1.4L1.6L1.8L
194302.67%12737917.51%312514.30%178060
020978228.84%14078219.35%350564
16403522.55%164035
147232.02%14723
200102.75%20010
194302.67%33716146.35%37080150.98%727392
DFG PV engine structure
1.4L1.6L>1.8L
proportion2.67%46.35%50.98%
DFG HD truck &MD truck market share
2005200620072008
DFG sales volume12.811.715.215.5
industry sales volume43.150.972.574.7
2005200620072008
DFG market share29.70%22.99%20.97%20.75%
2005200620072008
DFG HD truck &MD truck sales volume12.811.715.215.5
2005200620072008
DFG LD truck sales volume8.310.111.713.1
LD truck market share9.70%10.60%10.60%11.10%
20072008
kinland sales volume2.24.01
penetration rate per thousand people in 2007
penetration rate per thousand people in 2007ChinaAmericaJapanKorea
Penetration Rate Per thousand People in 200733817.2618.9339
Sheet1
397.1178.7
517.6204
629.8249.4
675.6262.5
PV
CV
Total industry sales volume and sales structure
Sheet2
397.10.214
517.60.3034500126
629.80.2167697063
675.60.0727214989
&A
Page &P
PV
PV growth rate
Sheet3
0.70201511340.20931989920.04937027710.0392947103
0.73976043280.17735703250.04598145290.0369010819
0.7505557320.15687519850.05668466180.0358844077
0.74703966840.15748963880.06631142690.0291592658
Sedan
Cross type PV
SUV
MPV
54
20.7
117.6
36.1
2008
2008 truck sales structure
59.50.407
75.10.2626
950.264
105.80.1142
&A
Page &P
DFG sales volume
growth rate
0.103
0.104
0.108
0.113
DFG market share
35.10.088
49.50.096
63.80.101
72.70.108
&A
Page &P
DFG PV sales volume
market share
58
2.5
12.16
sales volume
DFG 2008 PV sales structure
0
0
0
proportion
DFG PV engine structure
0
0
0
0
DFG HD truck &MD truck sales volume
00
00
00
00
&A
Page &P
DFG LD truck sales volume
LD truck market share
kinland sales volume
Penetration Rate Per thousand People in 2007
Chart2
0.0780.366
0.1620.075
0.0560.014
0.071-0.066
0.0990.249
0.1120.379
0.0630.401
0.0870.287
0.0850.244
0.1350.437
0.0930.096
0.1130.327
0.1280.248
0.1180.38
0.1060.648
0.1350.615
0.1620.346
0.1180.547
0.0770.415
0.1260.382
0.0630.158
0.0610.722
0.070.627
0.0850.232
0.1030.033
0.1150.327
0.1170.398
0.0890.499
1H09GDP
1-8
DFG
091208120912081209109209212
DFG151357156354398339091.90%4264375620082218
58392468841537117231.10%1771134714.10%20091721
31198307328217686.86%94771914.14%
275572454872561418.17%85462116.81%
20091-1020081-10%40,08740,057
DFG114020389173327.86%136206147271-7.51%
42246027689152.57%5041951688-2.46%1.4L1.6L1.8L
20964715513135.14%2343927473-14.68%2571314838512110
16855013698423.04%2005521516-6.79%0231573140467
11176030123527-14.60%148495
20091-911685
16902
1.4L1.6L1.4L1DFG25713379958329659
1.6L82
1.6L55385
3071.6L2.0L1.6L42869
2.0L4484
2061.4L1.6L1.4L1730
1.6L17431.4L1.6L1.8L
1.6L2.0L1.6L19841659
2.0L1706257133.46%14838519.96%121101.63%186208
2.0L3109023157331.15%14046718.89%372040
C21.4L1.6L1.4L319714849519.97%148495
1.6L912116851.57%11685
1.6L2.0L1.6L39110169022.27%16902
8164
2.0L4517257133.46%37995851.10%32965944.34%743494
2071.4L1.6L1.4L20785
1.6L6300
186208
2008123456789
2.0L3.5L2.0L18368DFG1.6L49.02%50.85%51.91%53.15%54.76%56.05%55.09%54.36%55.52%54.56%
2.3L0
2.5L57140
3.5L10442008123456789
/1.6L1189761.6L59.84%56.19%57.95%58.85%61.43%63.02%61.59%60.46%62.33%62.24%
1.6L73157
1.6L2.0L)1.6L37832
2.0L22754
1.8L1.8L14672008123456789
1.61.6L01.6L82.45%92.54%93.64%94.43%93.96%94.14%93.61%93.40%93.52%93.50%
1.6L-2.0L1.6L1608
2.0L23456
2.0L-2.5L2.0L2042
2.5L14196
372040
2.0L
2.4L2.5L
2.4L
3.3L
11685
1.8L70722
CRV2.0L2.4L77773
148495
1.8L16902
2.0L
1.6L8164
200910200812345678910
10101010DFG71.23%61.75%52%39.87%35.16%34.88%31.51%32.56%33.92%29.25%32.27%
DFG1362064395732.27%50.83%32.43%29.60%23.25%16.51%12.17%12.67%14.75%13.78%10.98%12.36%
DFL891363566740.01%147.87%246.62%118.15%74.75%80.32%96.54%88.29%91.38%89.09%79.68%88.73%
DFG1006881244112.36%
5041928925.74%
23439603125.73%
200552401.20%
3012124041.17%
355183151688.73%
1994622430112.45%
187711034555.11%
DFG200910
20091-1020081-10%40,08740,057
114020389173327.86%136206147271-7.51%
84418359898940.93%100688108115-6.87%
67677348052340.84%8240788538-6.92%
MPV23356222914.78%28493025-5.82%
SUV1440549617549.78%1543216552-6.77%
2960202927441.12%3551839156-9.29%
2634882554833.13%3240335605-8.99%
8654997223-10.98%1269713341-4.83%
4200145538-7.77%46595427-14.15%
13493811272219.71%1504716837-10.63%
3253237261-12.69%31153551-12.28%
20091-10/20081-10/
DFG114.0289.1727.87%
DFL74.5259.2825.71%
DFG84.4259.9040.93%
42.2527.6952.58%
DPCA20.9715.5135.20%
WDHAC16.8613.7023.05%
PV1.180.00
DFG29.6029.271.11%
15.4816.90-8.38%
DFACZNA16.8014.7014.30%
DFAC12.3310.9013.15%
ZNA4.463.7917.68%
28.9626.2710.26%
10.2515.24-32.74%
2007DFG
200723456789101112200823456789101112
2008DFG
39,4482345678910111239,81423456789
DFG3.12.123.224.444.244.654.113.84.592.040.330.421.672.234.435.854.746.377.755.838.01
1Q20082Q20083Q20084Q20081Q2009
DFG8.4413.3312.52.798.33
2008DFL
39,4482345678910111239,81423456789
DFL0.910.180.422.231.832.81.621.52.40.33-0.240.610.280.842.263.53.543.445.73.363.9
1Q20082Q20083Q20084Q20081Q2009
DFL1.516.865.520.73.38
2008
39,4482345678910111239,81423456789
0.470.430.790.040.060.30.10.090.0150.11-0.75-1.30.080.010.110.250.130.320.270.51
1Q20082Q20083Q20084Q20081Q2009
1.690.40.205-1.940.2
2008
39,4482345678910111239,81423456789
1.180.841.441.471.521.421.781.461.521.061.21.21.111.11.391.221.341.921.71.611.96
1Q20082Q20083Q20084Q20081Q2009
3.464.414.763.463.6
2008
39,4482345678910111239,81423456789
0.550.610.970.950.710.670.80.540.680.720.48-0.040.330.370.750.660.620.640.590.731.07
1Q20082Q20083Q20084Q20081Q2009
2.132.332.021.161.45
1Q20082Q20083Q20084Q20081Q20092Q2009
DFG8.4413.3312.52.798.3316.96
1Q20082Q20083Q20084Q20081Q2009
DFL1.516.865.520.73.38
1Q20082Q20083Q20084Q20081Q2009
1.690.40.205-1.940.2
1Q20082Q20083Q20084Q20081Q2009
3.464.414.763.463.6
1Q20082Q20083Q20084Q20081Q2009
2.132.332.021.161.45
2009 1-82008 1-8
7004819-85.47%
438611273-61.09%
2397-76.29%
221838-98.80%
9042280-60.35%
520.00%152
1341273-89.47%
DFG454818466-75.37%
93168-44.64%
835080413.84%
29711191149.45%
1169824395-52.05%
DFG
0.4902
0.5085
0.5191
0.5315
0.5476
0.5605
0.5509
0.5436
0.5552
0.5456
DFG1.6L
DFG
DFG
DFL
0
0
0
0
0
0
DFG
0.5984
0.5619
0.5795
0.5885
0.6143
0.6302
0.6159
0.6046
0.6233
0.6224
1.6L
0.8245
0.9254
0.9364
0.9443
0.9396
0.9414
0.9361
0.934
0.9352
0.935
1.6L
Jan-04Feb-04Mar-04Apr-04May-04Jun-04Jul-04Aug-04Sep-04Oct-04Nov-04Dec-04Jan-05Feb-05Mar-05Apr-05May-05Jun-05Jul-05Aug-05Sep-05Oct-05Nov-05Dec-05Jan-06Feb-06Mar-06Apr-06May-06Jun-06Jul-06Aug-06Sep-06Oct-06Nov-06Dec-06Jan-07Feb-07Mar-07Apr-07May-07Jun-07Jul-07Aug-07Sep-07Oct-07Nov-07Dec-07Jan-08Feb-08Mar-08Apr-08May-08Jun-08Jul-08Aug-08Sep-08Oct-08Nov-08Dec-08Jan-09Feb-09
3033134322465459484941383960223820023437383820724649403760234640004872063586973264495825505368384700075176974333324159664960944518095500086208855300774799537214646729475674665575974670865280876349935763486889627585787171025533818471778087017135957268796409586716427728106923078009448392958593886635441056573922634835538836814665854629,017751,531715,665685,154741,594735,865827,550
-4.01%19.26%-8.93%21.73%12.89%-14.63%-9.46%50.32%-6.72%-15.67%-1.74%-16.23%13.06%20.24%-9.24%19.54%10.10%-5.47%-22.83%53.09%-4.54%-11.76%1.86%-11.82%4.79%15.06%-10.42%15.69%4.79%2.39%-22.79%59.23%-12.68%-9.44%0.15%-20.43%-5.53%19.48%-4.77%-4.26%8.24%-0.77%12.46%
20091-920081-92009 1-92008 1-9
1935489131300047.41%20.03%18.24%
1381288120041615.07%14.30%16.68%
1320581101172030.53%13.67%14.06%
4637358352513631.55%47.99%48.97%
103082868659850.14%10.67%9.54%
91387861491248.62%9.46%8.54%
42566838698310.00%4.41%5.38%
"2370374168849340.38%24.53%23.46%
33760027579722.41%3.49%3.83%
32977226551424.20%3.41%3.69%
290951108996166.94%3.01%1.51%
24776920221822.53%2.56%2.81%
8213824606615435.40%85.01%84.28%
9662719719787234.24%100.00%100.00%
200220062007
6881.315556.217242.02
2001200220032004200520062007
GDP1.08%1.55%1.84%1.98%1.86%2.10%
38945488
209407
2009213173611036180955506213831715105427095
20091-22619362257621629501042018021631198866263
20091-230.24%26.06%18.81%12.03%9.26%3.60%0.00%
2008
200825.92%30.83%
200528.50%23.70%23.30%13.40%11.10%
200628.10%25.70%22.60%13.80%9.80%
200729.50%28.00%22.40%13.70%6.40%
200828.30%30.20%21.70%11.80%8%
2009 1-930.30%26.20%21.10%12.10%10.40%
200809 109 209 309 409 509 609 709 809 9
28.30%32.20%32.60%31.20%30.30%29.40%29.30%27.60%29.40%30.50%
2.5L
DFG 3Q Sales & Business Arrangements for 2009 12 Sales target for Dongfeng Nissan JV is 850,000 units, among which Dongfeng Nissan PV Co., expects to sell 474,000 units, to challenge 500,000 DPCA Expects to sell 246,800 unitsDongfeng Honda Auto Company aims to sell 200,000 unitsDFG 2009 sales target is 1.3 mn units, among which PV: 965,000; CV 335,000 units
1-9 20091-9 2008YOY GrowthDFG Total100399781477223.22%PV74349553942237.83%CV260502275350-5.39%Dongfeng Nissan PV Company37204124463452.08%Dongfeng Peugeot Citroen Co.18620814092232.14%Dongfeng Honda Auto Company14849512634717.53%Dongfeng Own-brand PV8164----
****** **