On March 28, Dongfeng Motor Group Co., Ltd. (hereinafter referred to as Dongfeng Motor Group) announced its 2016 annual results. In 2016, Dongfeng Motor Group achieved sales revenue of approximately RMB 122.422 billion. The board of directors proposed to pay RMB 0.23 dividend per share for 2016 annual profit. In 2016, Dongfeng Motor Group continued to penetrate into the market, focused on customer value, precision product planning, and improved network capabilities. The annual operating quality exceeded 3 million vehicles, achieving a good start in the “13th Five-Year Planâ€.
In 2016, the Chinese auto market achieved sales of 28,082,200 vehicles, a year-on-year increase of 13.7%, and a record high. The annual sales of passenger vehicles were 24,376,900 units, an increase of 14.9% year-on-year, and commercial vehicles were 4,651,300 units sold, a year-on-year increase of 5.8%. In 2016, new energy vehicles sold 507,700 vehicles, an increase of 53.0% over the same period last year.
Dongfeng Motor Group Co., Ltd. is a subsidiary of Dongfeng Motor Corporation and first issued overseas H shares on December 6, 2005. As of December 31, 2015, Dongfeng Motor Group had 20 major subsidiaries, jointly controlled entities and other companies with direct equity interests. Dongfeng Motor Group is principally engaged in the production and sales of commercial vehicles, passenger vehicles and automobile engines and auto parts, equipment manufacturing, financial services and other automotive-related businesses.
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