GREAT WALL MOTOR COMPANY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
長 城 汽 車 股 份 有 限 公 司
GREAT WALL MOTOR COMPANY LIMITED*(a joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 2333)All members of the board of directors(the "Board") of Great Wall Motor Company Limited (the "Company") guarantee that the information stated in this announcement does not contain any false representation, misleading statement or material omission, and jointly and severally accept full responsibility for the truthfulness, accuracy and completeness of the information disclosed in this announcement.
This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Part XIVA of the Securities and Futures Ordinance and the Rules Governing the Listing of Stocks on Shanghai Stock Exchange.
The financial data for the year 2015 set out in this announcement were prepared in accordance with the China Accounting Standards for Business Enterprises and have not been audited by any certified public accounting firm. As a result, there may be differences between the aforementioned financial data and the audited financial data. Investors are advised to be cautious about the relevant risks.
On 28 January 2016, the sixteenth meeting of the fifth session of the Board was convened by way of written resolutions, in which the "Preliminary Financial Data for the Year 2015" was considered and approved by all the members of the Board with the following voting results: voting in favour: 8 votes; voting against: 0 vote; abstaining from voting: 0 vote. The preliminary financial data for the year 2015 of the Company are set out below:
-
REPORTING PERIOD
From 1 January 2015 to 31 December 2015
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MAJOR FINANCIAL DATA AND INDICATORS (CONSOLIDATED FINANCIAL DATA)
Unit: RMB 100 , 000 , 000
Item
The reporting
period
The corresponding
period of the year 2014
Change（％）
Total operating revenue
760.33
625.99
21.46
Operating revenue
759.55
625.91
21.35
Operating profit
92.57
92.44
0.14
Total profit
96.65
96.40
0.26
Net profit
80.41
80.41
-0.01
Net profit attributable to shareholders of
the Company
80.40
80.42
-0.02
Basic earnings per share (RMB/share)
0.8808
0.8810
-0.02
Weighted average return on net assets (%)
22.42
26.35
-3.93
At the end of the reporting
period
At the beginning of the reporting
period
Change（％）
Total assets
718.85
613.45
17.18
Total liabilities
335.17
278.27
20.45
Equity attributable to shareholders of
the Company
383.11
334.52
14.53
Minority interests
0.56
0.67
-15.83
Share capital
91.27
30.42
200.00
Net assets per share attributable to shareholders of
the Company (RMB)
4.20
3.67
14.53
Notes: 1. Basic earnings per share for the same period of last year and the opening balance of net assets per share attributable to the shareholders of the Company have been adjusted retrospectively based on the share capital as at the end of the reporting period.
Total operating revenue includes operating revenue, interest income from Tianjin Great Wall Binyin Automotive Finance Company Ltd(天津長城濱銀汽車金融有限公司 ), handling charges and commission income.
The above data are prepared in accordance with the financial data available to the Company as of the date of this announcement, which have yet to be audited by a certified public accounting firm. The figures to be set out in the Company's 2015 annual report shall prevail.
-
OPERATING RESULTS AND FINANCIAL POSITION
The total operating revenue for 2015 increased by 21.46% as compared with the corresponding period of 2014 while the net profit remained stable as compared with the same period of 2014. In response to the slow growth of overall economy and the intense competition in the automobile industry, the Company actively adopted preferential promotion strategy to increase sales volume and income. Therefore, despite the slight decrease in gross profit margin resulting from the preferential promotion by the Company, the gross profit margin maintained at a high industry level and the net profit remained stable as compared with the same period of 2014.
DOCUMENT AVAILABLE FOR INSPECTION
The original copy of the financial statements as duly signed and sealed by the legal representative, the person-in-charge of accounting affairs and the person-in-charge of the accounting department of the Company.
By order of the Board
Great Wall Motor Company Limited Xu HuiCompany Secretary
Baoding, Hebei Province, the PRC, 28 January 2016
As at the date of this announcement, members of the Board comprise:
Executive Directors: Mr. Wei Jian Jun, Ms. Wang Feng Ying and Ms. Yang Zhi Juan. Non-executive Director: Mr. He Ping.
Independent Non-executive Directors: Mr. Wong Chi Hung, Stanley, Mr. Lu Chuang, Mr. Liang Shang Shang and Mr. Ma Li Hui.
* For identification purpose only
Great Wall Motor Co. Ltd. issued this content on 28 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2016 14:04:58 UTC
Original Document: http://www.gwm-global.com/UploadEn/2016/0128/13bf48a6d3030da2.pdf
