Asia300

Dongfeng Motor Group Co., Ltd.

China

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Mar 27, 2017
Prev close: 8.83
Mar 27, 2017
Market cap:
Market cap(USD):
76,080.33M
9,795.14M
Shares: 8,616.11M

Currency in HKD

Company profile

Market(Ticker): HKG(489)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Full time employees: 129,885

Business summary

Dongfeng Motor Group Co., Ltd. engages in the manufacture and sale of commercial vehicles, passenger vehicles, and auto engines and parts. It operates through the following segments: Commercial Vehicles, Passenger Vehicles, Financing Service, and Corporate and Others. The Commercial Vehicles segment manufactures and sells commercial vehicles, engines, and other automotive parts. The Passenger Vehicles segment manufactures and sales of passenger vehicles, engines, and automotive parts. The Financing Service segment provides financing services to external customers and companies within the group. The Corporate and Others segment involves in the manufacture and sale of other automobile related product. The company was founded on May 18, 2001 and is headquartered in Wuhan, China.

Company background

Dongfeng Motor Group is one of China's three biggest automakers, along with First Automobile Works Group (FAW) and Shanghai Automotive Industry Corporation (SAIC). Its predecessor was Second Automobile Works Group, the second state-owned automaker established after FAW.

Dongfeng Motor is based in Wuhan, Hubei Province. It has established production and sales ventures with such foreign automakers as Nissan Motor and Honda Motor of Japan, PSA Peugeot Citroen and Renault of France and Kia Motors of South Korea. It sold about 2.73 million vehicles in 2014, giving it a market share of about 11.6%. Its joint venture with Nissan is the largest in China. The main plant for that alliance is in Guangzhou, Guangdong Province.

In May 2015, Xu Ping, who served as chairman for five years, handed over control of Dongfeng Motor to Zhu Yanfeng, former chairman of FAW. Zhu joined FAW in 1983 and headed the company as president and chairman between 2000 and 2007.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 156,116.71M
Gross profit 20,881.59M
Operating income 3,800.35M
Income before tax 2,893.74M
Net income 14,246.70M
EBITDA 5,834.36M
Diluted EPS 1.65
Dividends per share 0.23
Total assets 191,899.04M
Total liabilities 82,064.27M
Total equity 101,030.27M
Operating cash flow 8,629.43M

Currency in HKD

Revenue 20,137.40M
Gross profit 2,693.50M
Operating income 490.20M
Income before tax 373.26M
Net income 1,837.67M
EBITDA 752.57M
Diluted EPS 0.21
Dividends per share 0.03
Total assets 24,760.68M
Total liabilities 10,588.73M
Total equity 13,035.91M
Operating cash flow 1,113.10M

Currency in USD

Valuation measures

Dec 2015

PER 6.26
ROA 7.58%
ROE 14.74%
Operating margin 2.43%
Profit margin 9.12%

Key executive

  • President & Executive Director: Shao Zhu Li
  • Head-Technical Development Department: Jian Gang Li
  • Board Secretary & Vice President: Wei Cai
  • Head-Strategy & Planning Department: Zhenbo Liao
  • Head-Audit Department: Li Kang

Share holders

  • Standard Chartered Private Equity Ltd.(8.4%)
  • Edinburgh Partners Ltd.(5.3%)
  • The Vanguard Group, Inc.(3.2%)
  • Eastspring Investments (Singapore) Ltd.(2.5%)
  • FIL Investment Management (Hong Kong) Ltd.(2.1%)
  • Hermes Investment Management Ltd.(1.7%)
  • BlackRock Advisors (UK) Ltd.(1.7%)
  • Hang Seng Investment Management Ltd.(1.5%)
  • Norges Bank Investment Management(1.4%)
  • BlackRock Fund Advisors(1.3%)

Address

  • Website: http://www.dfmg.com.cn
  • Address: Special No. 1 Dongfeng Road, Wuhan Economic and Technology, Wuhan, 430056, China
  • Phone: +86.27.8428.5555

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