Dongfeng Motor Group Co., Ltd.
In the news
- Five things to know ahead of Nissan's shareholders meeting Jun 28, 2020
- Toyota takes off for fuel cell age with Chinese carmakers Jun 6, 2020
- As China unleashes big investments, small companies struggle Apr 30, 2020
- Chinese carmakers hope antivirus extras can spark buying interest Apr 27, 2020
- Ramadan begins, SGX results and rural India reopens Apr 19, 2020 See more articles on Dongfeng Motor Group Co., Ltd.
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.
Business Summary
Financial Highlights
Dec 2019 | HKD | USD |
Revenue | 114,624.21M | 14,629.39M |
Gross Profit | 15,297.66M | 1,952.42M |
Operating income | -2,666.97M | -340.38M |
Income before tax | -1,067.01M | -136.18M |
Net income | 14,579.89M | 1,860.82M |
EBITDA | 713.23M | 91.02M |
Diluted EPS | 1.69 | 0.21 |
Dividends Per Share | 0.38 | 0.04 |
Total Assets | 304,257.94M | 39,048.48M |
Total liabilities | 152,059.62M | 19,515.33M |
Total equity | 142,935.23M | 18,344.31M |
Operating cash flow | 1,216.69M | 155.28M |
Currency in HKD | Currency in USD |
Historical Data
Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
Revenue | 156,116.71M | 143,172.16M | 145,265.88M | 123,826.36M | 114,624.21M |
Gross Profit | 20,881.59M | 20,464.85M | 18,753.80M | 15,889.44M | 15,297.66M |
Operating income | 3,800.35M | 1,292.27M | -856.74M | -2,669.75M | -2,666.97M |
Income before tax | 2,893.74M | 2,534.29M | -6.91M | -1,448.58M | -1,067.01M |
Net income | 14,246.70M | 15,592.54M | 16,213.55M | 15,373.02M | 14,579.89M |
EBITDA | 5,834.36M | 3,620.92M | 1,656.98M | 240.44M | 713.23M |
Diluted EPS | 1.65 | 1.80 | 1.88 | 1.78 | 1.69 |
Dividends Per Share | 0.23 | 0.26 | 0.41 | 0.39 | 0.38 |
Total Assets | 191,899.04M | 206,481.79M | 256,784.86M | 258,310.27M | 304,257.94M |
Total liabilities | 82,064.27M | 89,886.11M | 117,419.15M | 113,836.15M | 152,059.62M |
Total equity | 101,030.27M | 107,911.53M | 130,266.32M | 134,968.10M | 142,935.23M |
Operating cash flow | 8,629.43M | 15,267.72M | 16,101.70M | -15,725.99M | 1,216.69M |
Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
Revenue | 20,137.40M | 18,444.18M | 18,640.99M | 15,799.12M | 14,629.39M |
Gross Profit | 2,693.50M | 2,636.38M | 2,406.55M | 2,027.35M | 1,952.42M |
Operating income | 490.20M | 166.47M | -109.94M | -340.63M | -340.38M |
Income before tax | 373.26M | 326.48M | -0.88M | -184.82M | -136.18M |
Net income | 1,837.67M | 2,008.71M | 2,080.57M | 1,961.45M | 1,860.82M |
EBITDA | 752.57M | 466.46M | 212.62M | 30.67M | 91.02M |
Diluted EPS | 0.21 | 0.23 | 0.24 | 0.22 | 0.21 |
Dividends Per Share | 0.03 | 0.03 | 0.05 | 0.05 | 0.04 |
Total Assets | 24,760.68M | 26,631.98M | 32,848.27M | 32,992.55M | 39,048.48M |
Total liabilities | 10,588.73M | 11,593.49M | 15,020.42M | 14,539.66M | 19,515.33M |
Total equity | 13,035.91M | 13,918.41M | 16,663.85M | 17,238.73M | 18,344.31M |
Operating cash flow | 1,113.10M | 1,966.86M | 2,066.22M | -2,006.49M | 155.28M |
Valuation Measures
Dec 2019 | |
PER | 4.33 |
ROA | 5.18% |
ROE | 10.49% |
Operating margin | -2.32% |
Profit margin | 12.71% |
Key executives
- President, CEO & Executive Director: Shao Zhu Li
- Head-Operation Management Department: Wen Qing Wei
- Head-Organization & Information Department: Jun Yu
- Head-Technical Development Department: Guo Yuan Liu
- Deputy General Manager-Accounting & Finance: Yuk Tong Chan
Shareholders
- Westwood Global Investments LLC (8.8%)
- Standard Chartered Private Equity Ltd. (8.4%)
- Invesco Asset Management Ltd. (5.9%)
- Fidelity Management & Research Co. LLC (5.9%)
- Edinburgh Partners Ltd. (5.3%)
- Eastspring Investments (Singapore) Ltd. (4.9%)
- FIL Investment Management (Hong Kong) Ltd. (3.8%)
- The Vanguard Group, Inc. (3.3%)
- FIL Investment Management (Singapore) Ltd. (2.3%)
- Wellington Management Co. LLP (2.3%)
Contact Details
- Website:http://www.dfmg.com.cn
- Address: Special No. 1 Dongfeng Road, Wuhan Economic and Technology, Wuhan, 430056, China
- Phone: +86.27.8428.5555
Related Companies
- Zhixin Technology Co., Ltd.
- Dongfeng Changxing (Wuhan) Technology Co., Ltd.
- Dongfeng Special Commercial Vehicle Co., Ltd.
- Beijing Hairun Jia Automobile Sales & Service Co., Ltd.
- Dongfeng Nissan Co., Ltd.
- Dongfeng Motor Die & Mould Co., Ltd.
- Wuhan Dongfeng Motor Industry Imp. & Exp. Co. Ltd.
- Dongfeng (Shiyan) Special Purpose Commercial Vehicle Co. Ltd.
- Dongfeng Motor (Hong Kong) International Co. Ltd.
- Dongfeng Hongtai Holdings Group Co., Ltd.
- Dongfeng Motor Parts & Components (Group) Co. Ltd.
- Dongfeng Checheng Logistics Co. Ltd.
- China Dongfeng Motor Industry Imp. & Exp. Co., Ltd.
- Dongfeng Motor Co. Ltd. /Commercial Vehicle & Other Businesses
- Dongfeng Electrical Vehicle Co. Ltd.
- Dongfeng Motor City Logistics Co. Ltd.
- Dongfeng Off-Road Vehicle Co., Ltd.
- Dongfeng Yu'an (Wuhan) Motor Co. Ltd.
- Dongfeng Motor Corp. Passenger Vehicle Co.
- Hubei Dongfeng Automobile Industry Import & Export Co. Ltd.
- Dongfeng Yueda KIA Motors Co., Ltd.
- Dongfeng Liuzhou Motor Co., Ltd.
- Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
- Dongfeng Motor Finance Co., Ltd.
- Jiansu Hyundai Kia Yueda Motor Co Ltd
Competitors
- Beiqi Foton Motor Co., Ltd. Class A
- Great Wall Motor Co., Ltd. Class H
- Xuchang Yuandong Drive Shaft Co., Ltd. Class A
- China Yuchai International Limited
- PACCAR Inc
- KAMAZ PTC
- Rayhoo Motor Dies Co. Ltd. Class A
- Tianjin Motor Dies Co. Ltd. Class A
Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Last Updated on 26 Feb, 2021Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.