Full Text of Annual Report 2025 of FAW Jiefang Group Co., Ltd.
Section I Important Notes, Contents and Definitions
The Board of Directors, the Directors, and Senior Management of the Company guarantee that the contents of this Annual Report are true, accurate, and complete, that there are no false records, misleading statements, or material omissions, and that they shall bear individual and joint legal liability. Li Sheng, the person in charge of the Company, Yu Changxin, the person in charge of accounting work, and Yang Li, the person in charge of the accounting organization (chief accountant), hereby declare and guarantee the authenticity, accuracy, and completeness of the financial report in this Annual Report.
Except for the following directors, other directors attended the board meeting to review the annual report in person.
| Names of Directors Not Present in Person | Positions of Directors Not Present in Person | Reasons for Not Present in Person | Name of the Trustee |
|---|---|---|---|
| Yu Changxin | Director | Work | |
| Li Sheng | Work | ||
| Han Fangming | Independent director | Work | |
| Mao Zhihong |
This annual report includes prospective statements, such as future plans, and does not constitute a substantial commitment of the Company to investors. Investors and relevant persons should maintain sufficient risk awareness of this and understand the differences between plans, forecasts, and commitments. The Company has described in detail the possible risks and countermeasures for its future development in the section of Management Discussion and Analysis. Investors are kindly requested to pay attention to relevant contents.
China Securities Journal, Securities Times, and CNINFO (http://www.cninfo.com.cn) are the designated information disclosure media selected by the Company. All information of the Company is subject to that published in the above selected media. Investors are kindly requested to pay attention to investment risks.
The profit distribution plan approved by this meeting of the Board of Directors is as follows: based on a total of 4,921,280,975 shares, a cash dividend of CNY 0.45 per 10 shares (tax inclusive) shall be distributed to all shareholders, with no bonus shares distributed (tax inclusive), and no conversion of capital reserves into share capital.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.
Table of Contents
| Section | Title | Page |
|---|---|---|
| I | Important Notes, Contents and Definitions | 2 |
| II | Company Profile and Main Financial Indicators | 7 |
| III | Management Discussion and Analysis | 15 |
| IV | Corporate Governance, Environment, and Social Responsibility | 63 |
| V | Important Matters | 104 |
| VI | Changes in Shares and Shareholders | 136 |
| VII | Bonds | 151 |
| VIII | Financial Report | 152 |