五菱汽车二零二三年中期报告

INTERIMREPORT 2023 中期报告 五菱汽车集团控股有限公司 (IncorporatedinBermudawithlimitedliability) GREENFUTURE （于百慕大注册成立之有限公司） 香港联交所股份代号 INNOVATION 可持续再提速 CORPORATEPROFILE企业简介 WulingMotorsHoldingsLimited(“WulingMotorsHoldings”orthe“Company”)anditssubsidiaries(collectivelyreferredtoasthe“Group”)inheritthenearlyacenturyofmanufacturingexperiencefromthecontrollingshareholderGuangxiAutomobileGroup,focusingonthedesign,researchanddevelopment,andmanufacturingofautomotivecomponents,automotivepowersystems,andcommercialvehicleswhichincludesnewenergylogisticsvehicles.Itprovideshigh-valuecomponentproductstonearly20automobilemanufacturers,powersystemstoover10millionendusercustomers,andprovidesmorethan1millioncustomeruserswithqualityandsuitablevehiclesandtravelservices.TheGroup’smainproductionbasesarecurrentlylocatedinLiuzhou,Qingdao,Chongqing,JingmenandNanninginthePRC,aswellasinotherAsiancountriessuchasIndonesiaandIndia.Wehavealsobeenrecognizedasoneofthetop100globalautomobilepartssuppliers. GROUPSTRUCTURE 集团架构 五菱汽车集团控股有限公司（“五菱汽车控股”或 “本公司”）及其附属公司（统称“集团”或“本集团”）秉承了控股股东广西汽车集团近百年制造经验，专注于汽车零部件、汽车动力系统，以及包含新能源车在内的商用整车设计、研发与制造，为国内外近20家主机厂提供高价值零部件产品，为超1000万终端客户提供动力系统，及为超过100万用户提供优质适用的车辆和出行服务。本集团目前之主要生产基地设立在中国之柳州、青岛、重庆、荆门及南宁，以及印尼及印度等其他亚洲国家。我们并多次入围全球汽车零部件供应商百强企业。 70.69% DRAGONHILL 俊山 10.81% GUANGXIAUTOMOBILE 广西汽车 56.54% WULINGMOTORSHOLDINGS 五菱汽车控股 00305.HK 13.50% 60.9% WULINGNEW 13.26% 39.1% ENERGY(Note) 五菱新能源 （附注） WULINGINDUSTRIAL 五菱工业 VEHICLES’POWERSUPPLYSYSTEMS 汽车动力供应系统 COMMERCIALVEHICLESASSEMBLY 商用整车 AUTOMOTIVECOMPONENTSANDOTHERINDUSTRIALSERVICES 汽车零部件及其他工业服务 Note：ThepercentageofshareholdinginterestsinWulingNewEnergyarecalculatedbasedonthefullypaid upsharecapitalofWulingNewEnergyascontributedbytherespectiveshareholdersasof30June2023. 附注：五菱新能源持股百分比乃按截至二零二三年六月三十日五菱新能源各股东全部缴足股本计算。 WULINGMOTORSHOLDINGSLIMITED/INTERIMREPORT2023 五菱汽车集团控股有限公司/二零二三年中期报告 CONTENTS目录 2MESSAGESFROMTHEBOARDOFDIRECTORS董事会致辞 14MANAGEMENTDISCUSSIONANDANALYSIS管理层讨论及分析 36DISCLOSUREOFINTERESTS权益披露 41OTHERINFORMATION其他资料 45REPORTONREVIEWOFCONDENSEDCONSOLIDATEDFINANCIALSTATEMENTS 47CONDENSEDCONSOLIDATEDSTATEMENTOFPROFITORLOSSANDOTHERCOMPREHENSIVEINCOME 49CONDENSEDCONSOLIDATEDSTATEMENTOFFINANCIALPOSITION 51CONDENSEDCONSOLIDATEDSTATEMENTOFCHANGESINEQUITY 52CONDENSEDCONSOLIDATEDCASHFLOWSTATEMENT 54NOTESTOTHECONDENSEDCONSOLIDATEDFINANCIALSTATEMENTS 简明综合财务报表审阅报告 简明综合损益及其他全面收益报表 简明综合财务状况表简明综合权益变动表简明综合现金流量表简明综合财务报表附注 91CORPORATEINFORMATION公司资料 PREFACE WeherebypresenttheunauditedresultsofWulingMotorsHoldingsLimited(the“Company”,togetherwithitssubsidiaries,collectivelythe“Group”or“WulingMotors”)forthesixmonthsended30June2023. EconomicrecoveryaftertheCOVID-19pandemichashaditsupsanddownsin2023.Inthefaceoftoughmarketconditionssuchasshrinkingindustrydemand,intensifyingcompetitionandtighteningsupplychains,theGroupfocusedonthebusinessstrategyof“SteadyGrowthandProductivityImprovement”andadheredtothegeneralprincipleof“MakingProgresswhileMaintainingStabilityandAttainingAchievementwhileMakingProgresssoastoPromoteHighQualityDevelopment”inseekingbreakthroughsexternallyandpromotingefficiencyinternally.Whilesharpeningourskillsinpracticeandforgingaheadinadversity,weactivelyadoptedmeasurestostabilisegrowthandworkfurthertoreducecostsandincreaseproductivity,inordertomakeunremittingeffortstoimproveefficiencyandgiverewardtoshareholders. Affectedbytheaboveadversefactorsandtherestructuringexerciseofthenewenergyvehicles(“NEV”)business,theGroup’stotalrevenueforthesixmonthsended30June2023wasRMB5,089,499,000,representingadecreaseof18.9%ascomparedtothecorrespondingperiodin2022,whichwasmainlyattributabletoadeclineinrevenueinthecommercialvehiclesassemblydivisionandmoderatedeclinesinrevenueinthevehicles’powersupplysystemdivisionandtheautomotivecomponentsandotherindustrialservicesdivision. GrossprofitfortheperiodunderreviewwasRMB410,589,000,representinganincreaseof10.3%ascomparedtothecorrespondingperiodin2022.Inadditiontopositivefactorsoflowerpricesofrawmaterialssuchassteelandthestartofthescaleproductionofnewproductswithhighergrossprofitmargins,theincreaseingrossprofitwasalsobenefitedfromcertainfinecostcontrolmeasuresandtotalbudgetmanagementpoliciesimplementedduringtheperiodtoreducecostandenhanceefficiency.TheGroup’sgrossprofitmarginforthefirsthalfof2023was8.1%,representinganincreaseofapproximately220basispointsascomparedtothatof5.9%inthecorrespondingperiodin2022. 前言 我们谨此提呈五菱汽车集团控股有限公司（“本公司”连同其附属公司统称“本集团”、“集团”或“五菱汽车”）截至二零二三年六月三十日止六个月之未经审核业绩。 二零二三年疫后经济修复进程一波三折，面对行业需求收缩、竞争压力加剧、供应链吃紧等艰难的市场环境，本集团围绕“稳增长、提效益”的经营策略，坚持“稳中求进、进中有为，推动高质量发展”的总基调，向外部寻突破，向内部要效益，在实战中锤炼本领，在逆境中砥砺前行，积极采取稳增长措施，深入降本增效工作，为提升效益、回馈股东作出不懈努力。 受制于上述各项不利因素及新能源汽车业务重组项目的影响，本集团截至二零二三年六月三十日止六个月的总收入为人民币5,089,499,000元，较二零二二年同期减少 18.9%，其中主要原因为商用整车分部收入经历下降，以及汽车动力系统分部及汽车零部件及其他工业服务分部收入呈现温和下降所致。 回顾期内的毛利为人民币410,589,000元，较二零二二年同期增长10.3%。除钢材等原材料价格回落，以及较高毛利之新产品开始量产等利好因素外，毛利增加亦得益于期内精细化成本管控、全面预算管理等降本增效之成效。本集团二零二三年上半年毛利率为8.1%，较二零二二年同期之5.9%，增长了约220个基点。 Moreover,therestructuringexerciseoftheNEVbusinessandcostcontrolmeasuresimplementedunder“ThreeContainments”principleof