FAW JIEFANG GROUPCO., LTD.
Semi-annual Report 2022
August 31, 2022
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 semi-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, Ou Aimin, 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 semi-annual report.
Except for the following directors, others attended the board meeting to
review the semi-annual report in person
Names of Positions of
Reasons for not Name of the
Directors not Directors not
Present in Person Trustee
Present in Person Present in Person
Yang Xiao Director Work Li Hongjian
Bi Wenquan Director Work Li Hongjian
This semi-annual report involves prospective statements such as future plans,
and does not constitute a substantial commitment of the Company to investors.
Investors and relevant persons shall maintain sufficient risk awareness of this,
and shall understand the differences between plans, forecasts and commitments.
The Company has described the risks that the Company may face in the
future development and the countermeasures in detail in the section of
management discussion and analysis, which shall be noted by investors. China
Securities Journal,SecuritiesTimes andCNINFO(http://www.cninfo.com.cn)are
the information disclosure media selected by the Company. All information of the
Company is subject to that published in the above selected media. Investors are
kindly requested to pay attention to investment risks.
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 andAnalysis...... 11
Section IV Corporate Governance ......24
Section V Environmental and Social Responsibilities......27
Section VI Important Matters ......38
Section VII Changes in Shares and Shareholders ......47
Section VIII Preferred Shares......57
Section IX Bonds......58
Section X Financial Report......59
List of Documents for Future Reference
(I) 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).
(II) Originals of all company documents and announcements publicly disclosed on the website
designated by China Securities Regulatory Commission in the reporting period.
Interpretation
Item Refers to Definition
The Company, FAW Jiefang Refers to FAW JIEFANG GROUP CO., LTD.
Jiefang Limited Refers to FAW JIEFANGAUTOMOTIVE CO., LTD.
FAW Car Refers to FAW Car Co., Ltd.
Car Limited Refers to FAW Bestune Car Co., Ltd.
FAW Refers to China FAW Co., Ltd.
Finance company Refers to FirstAutomobile Finance Co., Ltd.
Sanguard Insurance Refers to SanguardAutomobile Insurance Co., Ltd.
Board of Directors Refers to Board of Directors of FAW JIEFANG GROUP CO.,
LTD.
Shareholders’meeting Refers to Shareholders’Meeting of FAW JIEFANG GROUP
CO., LTD.
Board of Supervisors Refers to Board of Supervisors of FAW JIEFANG GROUP
CO., LTD.
SASAC Refers to State-ownedAssets Supervision andAdministration
Commission of the State Council
CSRC Refers to China Securities Regulatory Commission
China Securities Depository Shenzhen Branch, China Securities Depository and
and Clearing Corporation Refers to Clearing Corporation Limited
Limited (CSDC)
After FAW Car transfers all assets and liabilities
except the equity and some reserved assets of
Finance Company and Sanguard Insurance to Car
Major asset restructuring Refers to Limited, 100% equity of Car Limited is used as the
sold assets and replaced with the equivalent part of
10