[年报]一汽解放(000800):2022年年度报告（英文版）
原标题:一汽解放:2022年年度报告（英文版） Annual Report 2022 April 2023 Section I Important Notes, Contents and Definitions The Board of Directors and Board of Supervisors, as well as directors, supervisors and senior executives of the Company guarantee that the contents of the annual report are true, accurate and complete, there is no false record, misleading statement or major omission, and shall bear individual and joint legal responsibilities. Hu Hanjie, the person in charge of the Company, Ji Yizhi, the person in charge of accounting, and Si Yuzhuo, the person in charge of the accounting organization (chief accountant) declare that they guarantee the authenticity, accuracy and completeness of the financial report in this annual report. Except for the following directors, other directors attended the board meeting to review the annual report in person
The Company does not plan to pay cash dividends or bonus shares, or convert reserves into share capital. Table of Contents Section I? Important Notes, Contents and Definitions................................................................................... 2 Section II? Company Profile and Main Financial Indicators ......................................................................... 7 Section III? Management Discussion and Analysis ......................................................................................... 15 Section IV? Corporate Governance .................................................................................................................. 47 Section V? Environmental and Social Responsibilities ................................................................................. 93 Section VI? Important Matters ....................................................................................................................... 106 Section VII? Changes in Shares and Shareholders ......................................................................................... 134 Section VIII? Preferred Shares .......................................................................................................................... 149 Section IX? Bonds ............................................................................................................................................ 150 Section X? Financial Report .......................................................................................................................... 151 List of Documents for Future Reference 1. Financial statements signed and sealed by the person in charge of the Company, the person in charge of accounting and the person in charge of the accounting organization (chief accountant). 2. The original Auditor’s Report sealed by Pan-China Certified Public Accountants LLP and sealed and signed by Pan-China's CPAs 3. Originals of all company documents and announcements publicly disclosed on the website designated by China Securities Regulatory Commission in the reporting period. Interpretation
Section II Company Profile and Main Financial Indicators I. Company Information
II. Contact Person and Contact Information
Accounting firm hired by the Company
□ Applicable ?Not applicable Financial consultant employed by the Company to perform continuous supervision duties in the reporting period □ Applicable ?Not applicable VI. Main Accounting Data and Financial Indicators Whether the Company needs to retroactively adjust or restate the accounting data of previous years □ Yes? No
that the going-concern ability of the Company is uncertain □ Yes? No The lower net profit before or after the deduction of non-recurring gains and losses is negative. ?Yes □ No
In the reporting period of the Company, there is no difference in net profits and net assets in the financial report disclosed according to the international accounting standards and China accounting standards. 2. Differences in net profits and net assets in the financial report disclosed simultaneously according to foreign accounting standards and China accounting standards □ Applicable ?Not applicable In the reporting period of the Company, there is no difference in net profits and net assets in the financial report disclosed according to foreign accounting standards and China accounting standards. VIII. Seasonal Main Financial Indicators Unit: CNY
IX. Items and Amounts of Non-recurring Profit and Loss ?Applicable □ Not Applicable Unit: CNY
□ Applicable ?Not applicable There is no specific conditions of profit and loss items meeting definition of non-recurring profit and loss for the Company. Explanation on defining the non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure by Companies Issuing Securities Publicly - Non-recurring Profit and Loss as recurring profit and loss items □ Applicable ?Not applicable The Company does not define the non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure by Companies Issuing Securities Publicly - Non-recurring Profit and Loss as recurring profit and loss items. Section III? Management Discussion and Analysis I. Industry of the Company in the Reporting Period The Company shall meet the disclosure requirements for the automobile manufacturing industry specified in the "No. 3 Guideline of Shenzhen Stock Exchange on Self-Regulatory Supervision of Listed Companies - Industry Information Disclosure." In 2022, the commercial vehicle industry experienced a tough period due to the effect of three factors, i.e. macro economy, cyclical regulation, and overdraft. The domestic macro economy was seriously affected by economic downturn, and the annual GDP growth rate was about 3%, which did not reach the expected value. Investment support was reduced, domestic consumption remained low, export growth rate was sharply declined, highway freight turnover showed negative growth, and the macro economy slowed down unexpectedly, leading to a significant decrease in demand in the commercial vehicle market. The commercial vehicle market was affected by factors such as the early elimination of National III vehicles and the early procurement of National V vehicles in 2020 and the first half of 2021, there was a serious phenomenon of more vehicles and less freight in the freight industry in 2022, the freight rate continued to be low, and the number of practitioners of the freight industry was reduced sharply. In addition to the reduction in demand for the industry, other industry environments also brought adverse effects to enterprise development. The cost of raw materials and parts as well as the price of new energy batteries were increased continuously due to the effect of global systemic inflation, therefore, the profits of automobile enterprises were squeezed continuously. The structural shortage of chips still put huge pressure on the supply side of the automobile industry. In 2022, National VI emission standard was implemented. National VI products are greatly expensive than National V products, the product structure of the industry is generally more complex, and customers are unwilling to purchase National VI products, therefore, the overall market demand in 2022 is not as expected. The export sales of medium and heavy trucks were increased significantly in 2022 because the overseas layout of domestic heavy truck enterprises was improved gradually, the product competitiveness was increased continuously, and the recognization of overseas customers for medium and heavy trucks exported from China was increased as well. FAW Jiefang is a commercial vehicle manufacturer, and its business performance mainly depends on the growth of industry demand, its product competitiveness and its own cost control ability. In 2022, when facing the challenge of a huge decline in the commercial vehicle market, and other risks and challenges intertwined, the Company tried its best to change and survive in the upheaval, adjusted its business strategy in time, increased its terminal share, reduced inventory and resolved channel risks, thus achieving stable development, progress and quality improvement at the same time. The Company sold 140,000 medium and heavy trucks throughout the year, accounting for 25.7% of the domestic market terminal share as indicated by Hebei Beidou Data Technology Co. LTD., and always leading the high-quality development of commercial vehicle industry. II. Main Businesses of the Company in the Reporting Period The Company shall meet the disclosure requirements for the automobile manufacturing industry specified in the "No. 3 Guideline of Shenzhen Stock Exchange on Self-Regulatory Supervision of Listed Companies - Industry Information Disclosure." The Company is a commercial vehicle manufacturer which produces heavy, medium and light trucks, buses, as well as core components such as engines, transmissions and axles, and has a complete manufacturing system covering raw materials, core components, key large assemblies and complete vehicles. The products of the Company are mainly used in market segments such as traction, cargo carrying, dumping, special purposes, highway passenger transport, bus passenger transport, etc., and the Company also provides standardized and customized commercial vehicle products. The Company is committed to becoming a "China's first and world-class" provider of intelligent transportation solutions, focusing on the main production lines, insisting on innovation- driven and reform-driven, and creating a leading trend. Main business, products, and business model of the Company were not changed significantly in the reporting period. The current production capacity of the Company's main factories is 393,000 complete vehicles. In recent years, the Company has increased investment in technological transformation continuously, accelerated the adjustment of production capacity structure, and implemented continuous resource optimization and intelligent upgrading for high-end and new energy products. It has formed a number of advanced manufacturing bases with industry-leading levels, and has obvious technical and capacity advantages in the commercial vehicle industry, laying a solid foundation to continue to lead the market. Jiefang J7 Intelligent Factory was awarded the pilot and demonstration of big data industry development by the Ministry of Industry and Information Technology, and Jimo Factory and Huishan Factory were awarded the benchmark intelligent factories in the automobile industry. By adhering to the green factory strategy, and protecting the "blue sky", "clear water" and "pure land" according to high standards, the Company has won the title of national green factory and Jimo Factory has been included in the second batch of intelligent photovoltaic pilot demonstration list of the Ministry of Industry and Information Technology. Manufacturing, production and operation of complete vehicle in the reporting period ?Applicable □ Not Applicable Production and sales of complete vehicles
?Applicable □ Not Applicable The effect of economic downturn is great, which leads to poor logistics, shrinking market demand in the industry, and decline in the production and sales volume of various models. Construction of parts and components supporting system In terms of the construction of parts and components resource platform, the Company complies with the "steady first-class resource network strategy", aims at the development of the new four-modernization, strengthens the construction and control of supplier platform, and builds a supporting system with high quality and low price continuously. In addition, the Company further cooperates with excellent suppliers at home and abroad by means of strategic cooperation and joint venture cooperation in order to meet the market demand. At present, the three core assemblies of the Company's main models, i.e. engine, transmission and axle, are produced independently, and the core parts and components are resource-oriented in fields such as new energy, intelligent vehicle software and hardware, after-market and intelligent connected services. The Company guarantees the vehicle quality and reputation by controlling the purchase by implementing access evaluation, strengthening performance assessment and capability review, and supervising and controlling the supplier's process effectively while adhering to the principle of quality first. Production and operation of automobile parts and components in the reporting period □ Applicable ?Not applicable Automobile finance business performed by the Company □ Applicable ?Not applicable Business related to new energy vehicles performed by the Company ?Applicable □ Not Applicable Production and operation of complete new energy vehicles and parts & components Unit: CNY
The Company shall meet the disclosure requirements for the automobile manufacturing industry specified in the "No. 3 Guideline of Shenzhen Stock Exchange on Self-Regulatory Supervision of Listed Companies - Industry Information Disclosure." The Company adheres to the corporate vision of "being the most proud commercial vehicle enterprise and the most trustworthy commercial vehicle brand", the mission of "becoming the China's first and world-class provider of intelligent transportation solutions and building a more prosperous society", and the brand concept of "being trustworthy, intelligent and courageous, and benefiting the world"; takes products and services as the main task, customers and employees as the foundation, innovation and reform as the driving force; focuses on industry trends and customer needs, and improves product competitiveness and service level rapidly. 1. Product research and development: Four major fields: heavy, medium, light and passenger vehicles, are covered. Heavy trucks include six products: FAW Jiefang J7, J6P, J6V, Yingtu, JH6 and Han V. Medium trucks include three products: FAW Jiefang J6L, JK6 and Long V. Light trucks include three products: LINKTOUR, J6F and Hu V. Passenger vehicles include road vehicles, new energy buses, etc. New energy products cover all mainstream scenarios of the market segment. Guided by "leading technology, pioneering experience, integrated innovation, enhanced application, collaboration and efficiency", FAW Jiefang has built a strong and complete independent R&D system in China from foresight technology, engine, transmission and axle to complete vehicle, and formed an efficient and collaborative R & D team of more than 2,000 people. With the five core capabilities, including scientific and technological innovation, lean design, performance development, trial production verification and experimental verification, the Company has created five technical platforms with low carbonization, informatization, intelligence, electrification and high quality, become one of the commercial vehicle enterprises mastering the core technologies of world-class complete vehicles and three power assemblies, and passed ISO9001, IATF16949 and GB9001B quality system certifications. It is also a national-level independent automobile product R&D and test certification base. In recent years, by accurately grasping the demands of market segment, FAW Jiefang has successfully built ten core product technology advantages, including system fuel saving, long oil drain interval, light weight, independent assembly, independent electronic control, independent post processing, new energy, intelligent drive, long-term maintenance and maintenance free. Therefore, FAW Jiefang always maintains an industry-leading position in the fierce market competition. 2. Marketing and procurement: Adhering to the customer value orientation, the Company has taken the lead in establishing a marketing service system with complete functions. The marketing service network composed of more than 900 dealers, more than 1,000 service providers, more than 50 spare parts centers and more than 100 spare parts dealers covers more than 200 prefecture-level cities in China, with a coverage rate of 96% in cities with a capacity of more than 1,000 vehicles. With a national average service radius of 47 kilometers, it is at the leading level in the industry and provides users with 24-hour efficient and high-quality services. The Company is committed to integrating global high-quality resources to provide a strong guarantee for the high reliability of Jiefang trucks. In recent years, the Company has signed contracts with top enterprises at home and abroad successively, including Huawei, Knorr-Bremse, ZF, Shell, VOSS, China Unicom, JD and PlusAI, to become strategic partners and establish joint ventures with them. 3. In terms of production and manufacturing, the Company has a complete manufacturing system from raw materials to core components, from key assemblies to complete vehicles, and its processing and manufacturing depth ranks among the industry leaders. The Company has five complete vehicle bases in Changchun, Qingdao, Chengdu/Guanghan, Liuzhou and Foshan, three assembly bases in Changchun, Wuxi and Dalian, and five new business companies, including FOR.J, SmartLink, Zhito, Jiefang Shidai, and Diyi Yuansu. In 2022, FAW Jiefang J7 Intelligent Factory was selected by the Ministry of Industry and Information Technology as a pilot and demonstration project for the development of big data industry. 4. Overseas: The Company's products are exported to 80 countries and regions such as Southeast Asia, the Middle East, Latin America, Africa and Eastern Europe, and the Company has more than 80 core dealers and nearly 300 distributors in nearly 40 countries and regions around the world. The Company has set up three overseas subsidiaries in South Africa, Russia and Tanzania, and export models such as J6, JH6, and Hu V. IV. Analysis of Main Business 1. Overview In 2022, the Company improved its ability and seized opportunities in the new era, and forged ahead with vigor and enthusiasm while maintaining innovation and reform! When facing changes and challenges in the internal and external environment, the Company identified and dealt with such changes, adjusted its business strategy in time, survived by reducing risks, improved its capability, and made unprecedented efforts to face the unprecedentedly severe situation. It focused on grabbing terminals, reducing inventory, costs, expenses and risks, and enhancing confidence. The staff of FAW Jiefang made great efforts and achieved extraordinary business results: the sales volume of complete vehicles reached 170,000, and the terminal share of medium and heavy trucks in the domestic market indicated by Hebei Beidou Data Technology Co. LTD. was 25.7%; a great breakthrough was made in the export, with a sales volume of 28,000 vehicles and a year-on-year increase of 98%. The total inventory decreased significantly compared with the beginning of the year, and the channel risk was cleared, which laid a good foundation for striking in 2023. In 2022, the Company was awarded the "State-owned Enterprises Governance Demonstration Enterprise" and the "China Machinery Industry Quality Award". The J7 Intelligent Factory was selected by the Ministry of Industry and Information Technology as the "Demonstration Factory of Intelligent Manufacturing", and its brand value led the commercial vehicle industry for 11 consecutive years. (1) National VI products: Link with the research, production, supply, marketing and service system efficiently, establish a closed-loop management mechanism for problems, implement end-to-end problem tackling, close the loop for all key problems, launch nearly 120 new products, with a market share of more than 12%, and improve the reputation of National VI products greatly; promote the planning of product packages for J100 and J7 2026 to achieve commercial success; pay close attention to the assembly upgrading project, strengthen the collaborative development of assembly products, and promote the development of related series products in sequence; upgrade and update light vehicles continuously, and launch 6.5t new platform products and 22 LINKTOUR vehicles, so as to improve the competitiveness continuously. (2) New energy products: Create a differentiated product portfolio, make the products cover all mainstream scenarios in the market segment, and achieve a sales volume of 2,723 vehicles. Develop nearly 70 new energy products and accelerate product upgrading continuously on the three technical routes of battery/battery swap, hybrid power and fuel cell. Strengthen the cooperation with ecological partners and create a "circle of friends" in the power, finance, terminal cooperation and battery swap industries. Strengthen the cooperation with energy supplement enterprises, new energy ecological partners and refitting plants in typical new energy fields such as steel, electricity, coal and mining, so as to increase market sales, i.e. more than 500 hydrogen fuel cell vehicles have been ordered, indicating that the products are widely recognized by the market. Promote the complete vehicle leasing scheme on a pilot basis, and win the bidding of pilot leasing of 100 pure electric light trucks in Chengdu and the leasing of over 20 postal vehicles in Changchun. (3) Intelligent vehicle products: Cooperate with leading logistics enterprises to conduct trial operation of super trucks, start independent verification of J6V_L2+/L3 product, and accelerate the reserve of redundant drive-by-wire chassis. Achieve IoV T-box 2.0 full-line switching; real-name authentication of stock IoV cards; development of super APP map desktop theme function, which is adapted to J101 and J167 models for the first time. Digital key is equipped with J167 model to build the basic service platform and verify the full vehicle control function. Lento EV Jiefangxing APP is launched. The first full-scenario intelligent diagnosis and repair service for commercial vehicles is realized. (4) Technological innovation: Improve the three capabilities of innovation, achievement transformation and innovation collaboration continuously, and make breakthroughs in nearly 70 leading core technologies in the industry, with a year-on-year increase of 20%; prepare nearly 300 standards, obtain more than 1,500 patents, and make major breakthroughs in key technological projects of SASAC. In the field of traditional vehicles, the heavy-duty in-cylinder direct-injection hydrogen engine was launched and ignited for the first time in China, reaching the international leading technical level. The 13L extreme lightweight heavy-duty tractor has reached the industry leading level, and major breakthroughs have been made in core technologies such as ultra-low wind resistance cab. In the field of new energy vehicles, light-duty pure electric and heavy-duty fuel-powered forward-looking vehicles are produced for the first time, and major breakthroughs have been made in core technologies such as 8-wire high-speed and high-power flat-wire oil-cooled motors. In the field of intelligent connected vehicles, major breakthroughs have been made in core technologies such as autonomous forward-looking vehicles, dual-system intelligent cabs, domain integration E/E architecture platforms, and digital keys. (5) Business innovation: Accelerate the implementation of Columbus smart logistics opening plan, build a collaborative innovation mechanism inside and outside emerging industries, and improve the ecosystem construction. Innovate the joint operation mode of intelligent vehicles, expand the actual commercial scale, and sell more than 300 intelligent vehicles. The connected ecology creates the first IoV brand in the industry, with more than 2.1 million registered users of （未完）  |