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2006 Annual Result s. 1 9 April 2007. HK000KL3. I 、 PRC Auto Industry in 2006. II 、 DFG 2006 Business Overview. III 、 DFG Financial Performance in 2006. IV 、 Outlook of DFG and PRC Auto Industry in 2007. I. PRC Auto Industry in 2006. Rapid Growth of PRC Auto Industry

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slide1

2006 Annual Results

19 April 2007

HK000KL3

i prc auto industry in 2006

I、PRC Auto Industry in 2006

II、DFG 2006 Business Overview

III、DFG Financial Performance in 2006

IV、Outlook of DFG and PRC Auto Industry in 2007

i prc auto industry in 20061

I. PRC Auto Industry in 2006

  • Rapid Growth of PRC Auto Industry
  • 2. PRC Auto Industry Position in the Global Market
rapid growth of prc auto industry
Rapid Growth of PRC Auto Industry

PRC Total PV Sales Volume1

PRC Total Vehicle Sales Volume

000’units

000’ units

Growth rate: 30.35%

Growth rate: 25.32%

PRC Total CV Sales Volume

000’units

Growth rate: 14.16%

China Association of Automobile Manufactures (CAAM)

Note1:According to CAAM’s segmentation, passenger vehicles include passenger car, MPV, SUVand cross-over vehicles

prc auto industry position in the global market
PRC Auto Industry Position in the Global Market

China Has Become the World’s 2nd Largest Auto Consumption Market

Steady Increase of PRC Auto Global Market Share

Global Market Share of PRC Auto Industry

0000’ units

ii dfg business performance in 2006

II. DFG Business Performance in 2006

  • Business Continued to Maintain Strong Growth Momentum
  • Sales and Market Share of DFG in Different Segments
  • Rapid Growth of PV business
  • Business Promoted by Constant Launch of New PV Models
  • Steady Production Expansion Plan
  • Continuous Rise of Local Content Ratio
business continued to maintain strong growth momentum
Business Continued to Maintain Strong Growth Momentum

Steady Growth of Aggregate Sales

Rapid development of PV Business

000’ units

Growth rate: 40.94%

In 2006,the Company’s total sales reached 751,000 units, representing a YoY growth of 26.26%, among which PV business achieved rapid development while the CV sector grew steadily.

000’ units

Growth rate: 26.26%

Steady growth of CV business

000’ units

Growth rate: 5.1%

sales and market share of dfg in different segments

■13.1% ■12.4%

000` unit

■10.6% ■9.7%

■24.8% ■28.8%

■21.8% ■30.3%

■12.5% ■13.8%

■12.5% ■13.6%

■14% ■17.6%

■12.3% ■12.1%

■11.4% ■10.7%

■9.6% ■8.8%

■10.4% ■10.3%

Sales and Market Share of DFG in Different Segments
rapid growth of pv business

Dongfeng Motor Company Ltd

Growth rate: 43.39%

Dongfeng Pegeot Citroen Automobile

Co., Ltd

PSA Peugeot Citroën

Dongfeng Honda Automobile Co., Ltd

Growth rate: 24.69%

Rapid Growth of PV business

The Company’s rapid PV growth in 2006 benefited from strong PV performance of its three major JCEs.

Growth rate: 141.48%

business promoted by constant launch of new pv models

C2

Livina Geniss

Sylphy

Civic

New 307

New TEAVA

Business Promoted by Constant Launch of New PV Models

New Models were Well-received by the Market

Selection of Newly Launched PV Models in 2006

Dongfeng Peugeot Citroen

    • On March 6th, Dongfeng Peugeot 206 was launched to the market.
    • On May 16, improved Dongfeng Peugeot 307 with brand new CMS technology was launched
    • On April 28, Dongfeng Citroen C-Triomphe rolled off the production line and on May 28, the first batch were delivered to customers.
    • In October, Dongfeng Citroen C2 was launched
  • Dongfeng Nissan
    • On April 20, new Teana equipped with Nissan’s new 2.0L engines was launched to the market and began to participate in the 2.0L PV sub-segment competition
    • On August 24th, Dongfeng Nissan Sylphy went to market
    • In October, brand new MPV Livina Geniss made its global debut in PRC market
  • Dongfeng Honda
    • On April 22, newly launched Honda Civic simultaneously went on sale in 81 Dongfeng Honda dealer shops with positive market response.

车型

More new models to

be launched

Collection of new

PV models

C-Triomphe

Dongfeng Peugeot 206

2006

steady production expansion plan
Steady Production Expansion Plan

Comparatively High Level of

Production Utilization Rate

Steady Production Expansion Plan

DFG Production Capacity and Utilization Rate

constant increase of utilization rate
Constant Increase of Utilization Rate

General Situation of DFG’s Utilization Rate

Utilization Rate of Major PV Models

  • In 2006, localization rate of auto products manufactured by Dongfeng Honda reached 75%, and expects to reach 80% in 2007;
  • Localization rate of all PV models expects to increase by another 5-10% in 2007;
iii 2006 financial performance

III. 2006 Financial Performance

  • Steady Growth of Major Business
  • Stable Growth of Gross Profit Margin
  • Continuous Improvement of Profitability
steady growth of major business

Million RMB

15.64%

Steady Growth of Major Business

Composition and Proportion of Sales Revenue

Increased Sales Revenue

Million RMB

41735

48234

stable growth of gross profit
Stable Growth of Gross Profit

DFG Overall Gross Profit & Gross Profit Margin

PV Gross Profit Margin

CV Gross Profit Margin

continuous improvement of profitability
Continuous Improvement of Profitability

EBIT

Increased Net Profit and NP Margin

Improved ROE

iv growth prospect

IV. Growth Prospect

  • Growth Prospect of PRC Auto Industry in 2007
  • Growth Prospect of DFG
growth prospect of prc auto industry in 2007
Growth Prospect of PRC Auto Industry in 2007

According to industry forecast made by CAAM, PRC auto sales will continue to grow by 17.8%

PRC PV sector will maintain a fast development momentum, with a growth rate of 21.72%

21.72%

17.8%

PRC CV sector will develop steadily, with a growth rate of 7.85%

7.85%

Source: Forcast of China Association of Automobile Manufactures (CAAM)

sales arrangement of dfg in 2007
Sales Arrangement of DFG in 2007

Measures to be Taken

Sales Target

In 2007, the Company aims to

achieve an aggregate sales of 900,000 – 950,000 units, with the

composition of PV and CV market

weights of 7:3

  • PV Business:
    • DFG major JCEs will launch no less than 4 new PV models;
    • Further improve localization rate and reduce cost through advancement of technology, management and central procurement, so as to improve competitive edge of our products in the market.
  • CV Business:
    • Strengthen marketing of newly launched models and safeguard competitiveness of old models so as to enhance our products’ competitiveness in their respective segment
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