二零一二零一一一年度業績報告年度業績報告22011 Annual Results 011 Annual Results

March, 2012March, 2012

ContentsContents

2011 PRC Auto Industry Overview2011 PRC Auto Industry Overview

20112011 DFG Business and Finance PerformanceDFG Business and Finance Performance

Outlook of PRC Auto Industry and DFGOutlook of PRC Auto Industry and DFG

Highlights of PRC Auto Industry in 2011Highlights of PRC Auto Industry in 2011

Auto industry growth rate slowdown

Continued increase of spending power with obvious trend of individualized consumption

Faster growth of auto exports Improved concentration of market share

DFG Growth RateDFG Growth Rate Outperformed Industry Outperformed Industry Average, Market Share Further IncreasedAverage, Market Share Further Increased

Growth rate topped PRC leading manufacturers

PV 、 CV both outperformed the market

Steady increase of market share

HDT,MDT ranked industry No.1

SSteady Capacity Expansion Plan , Utilization Rate teady Capacity Expansion Plan , Utilization Rate Remained at High Level Remained at High Level

Unit:’0000

2011 Capacity 2011 Production Utilization Rate Sales Output Ratio

Whole Vehicles 216 217 100.5% 217.3 100.1%

CV 61 51.4 84.3% 52.6 102.3%PV 155 165.6 106.8% 164.6 99.4%DF Nissan PV 59 81.4 138.0% 80.9 99.4%DPCA 46 40.6 88.3% 40.4 99.5%DF Honda 24 25.4 105.8% 25.5 100.4%

Continuously Improve Competitive Edge and Continuously Improve Competitive Edge and Enrich Product Line-upEnrich Product Line-up

Competitive edge enhanced with the support of a strong product mix

Outstanding performance of high-end trucks, sales proportion keeps

growing

NO.1

Sales Revenue further Increased,Sales Revenue further Increased,Profitability Maintained StableProfitability Maintained Stable

　 2011 2010 YOY

Revenue 1314.41 1223.95 7.4%

PV Revenue 949.21 881.43 7.7%

CV Revenue 354.72 334.18 6.1%

Gross profit 263.9 263.62 0.1%

EBIT 143.84 145.16 -0.9%

Net profit 104.81 109.81 -4.6%

Continuous Efforts in Improvement of Continuous Efforts in Improvement of Management & Cost Control CapabilityManagement & Cost Control Capability

Continuous efforts in controlling costs

and enhancing R&D capability Profitability indicators

maintained at good level

PRC Auto Industry: back to Rational Development, but still PRC Auto Industry: back to Rational Development, but still Room for Future GrowthRoom for Future Growth

PRC auto industry will continue growth in the coming 5-10 years. Sales volume is expected to exceed 20 mn units in 2012.

DFG Business Outlook: Bigger and StrongerDFG Business Outlook: Bigger and Stronger

DFG sets its sales target between 2.45mn to 2.5mn units in 2012, among which CV sales expects to reach 520,000 units, PV sales expects to reach 1.93mn – 1.98mn

units