02 04 06 13 17 18 19 21 22 23 01
02 2333 2266 15 9 183 46 73 17 86(312)-2197812 86(312)-2197812 www.gwm.com.cn
1,095,272,000 682,000,000 413,272,000 H 500 2333 03
% 3,345 2,519 32.8 800 655 22.1 478 417 14.6 406 367 10.6 0.42 0.39 7.7 1.9% 0.2% 4.3% 4.1% 37.7% 2007 1H 56.1% 48.3% 2006 1H 47.4% SUV CUV 04
SUV CUV % 40 % 40 30 27.3% 26.3% 26.0% 25.1% 23.9% 30 29.6% 30.5% 30.5% 30.1% 24.1% 26.7% 22.5% 21.4% 27.5% 22.5% 20 12.7% 11.6% 14.6% 14.3% 12.1% 20 18.5% 21.1% 20.6% 21.7% 10 10 6.7% 0 2005 2005 2006 2006 2007 0 2005 2005 2006 2006 2007 SUV CUV 5,911 3,778 9,175 6,198 0 0 % 1 6.9 9.7 % 4.4 5.9 % 2 0 0 46 41 42 49 1 2 05
445.67437.38 22.36% 23.31% 3,344,945,000 32.8% 06
% % 24,319 1,260,858 37.7 24,591 1,216,769 48.3 SUV CUV 22,722 1,875,553 56.1 13,876 1,193,016 47.4 624 64,068 1.9 42 5,027 0.2 144,466 4.3 104,176 4.1 47,665 3,344,945 100.0 38,509 2,518,988 100.0 800,303,000654,968,00022.2% 26.0%23.9% SUV 406,047,000 10.5% 0.42 267,784,000 201,939,00032.6%8.0% (1)(2)(3) (4) 07
2,450,000 821,000 3,844,732,000 68,944,000783,853,000790,136,000 191,000 238,641,000 163,250,000 905,687,00054,384,000 232,617,000 1,446,861,00027,715,000 10,373 4.7% 08
33,286,00014.1%37,983,000 90% 2,208,763 1,136,182 3,344,945 1,795,764 723,224 2,518,988, 47,66523.8% 24,319 1.1% 1,260,858,0003.6% SUV22,722 63.8% 1,875,553,00057.2% 624 64,068,000 144,466,00038.7% 4.3% 09
30,032 17.5%2,064,297,000 22.0% SUV13,406 16,338 696,870,0001,324,263,000 (1)(2) 1,990,235,000 74,062,000 % % 28,885 1,990,235 96.4 24,438 1,616,642 95.6 1,147 74,062 3.6 1,132 74,946 4.4 30,032 2,064,297 100.0 25,570 1,691,588 100.0 17,6331,136,182,000 34.0% SUV10,913 6,384 563,988,000551,290,000 7.2% 179.5% 33620,904,000 (i) (ii) (iii) 10
i7 SUV MPV 1.3L 1.5L1.8L 2.0L H SUV CUV 2006CCTV SUV SUV 1.32.0 MPV 120 80 11
20 MPV 12
XV 7 8 352 H % % % 417,610,760(L)* 61.23 38.13 417,610,760(L)* 61.23 38.13 (L) * XV 7 8 352 13
XV 2 3 10% H % % % 1 381,920,000(L)* 56.00 34.87 2 264,389,240(L)* 38.77 24.14 3 35,690,760(L)* 5.23 3.26 Cheah Cheng Hye4 69,105,000(L) 16.72 6.31 Value Partners Limited 69,105,000(L) 16.72 6.31 AllianceBernstein L.P. 58,066,000(L) 14.05 5.30 (L) * (1) 7,638,400 1588 (2) 17,260,000 210 (3) 120,000,000 2 14
(4) Cheah Cheng Hye Value Partners Limited 69,105,000 H XV 2 3 10% H 151,072,000 HH57.62% 16.00% 151,072,000 HH 15.8 2007 5 H H H (%) (%) (%) 682,000,000 72.23 682,000,000 62.27 * 381,920,000 40.45 381,920,000 56.00 34.87 264,389,240 28.00 264,389,240 38.77 24.14 * 35,690,760 3.78 35,690,760 5.23 3.26 H 262,200,000 27.77 413,272,000 37.73 944,200,000 100.00 1,095,272,000 100.00 15
37.73% 16
1840 34 34 2410 34 8 2 18 17
4 3,344,945 2,518,988 (2,544,642) (1,864,020) 800,303 654,968 4 21,614 27,943 (167,668) (119,262) (100,116) (82,677) (83,451) (69,905) 6 (2,450) (821) 3,231 6,262 6,359 5 477,725 416,605 7 (37,983) (33,286) 439,742 383,319 406,047 367,452 33,695 15,867 439,742 383,319 8 0.42 0.39 9 18
10 1,470,696 1,442,311 283,334 254,248 11 1,563,137 870,428 2,164 2,164 5,954 123 52,310 47,584 20 71,190 60,936 3,448,785 2,677,794 12 783,853 651,709 13 68,944 31,085 14 790,136 487,786 191 863 15 238,641 193,292 16 117,365 132,600 16 3,727,367 2,296,588 5,726,497 3,793,923 17 1,446,861 968,465 232,617 240,465 54,384 52,360 18 905,687 654,466 151,072 12,178 7,698 19 27,715 32,708 2,830,514 1,956,162 2,895,983 1,837,761 6,344,768 4,515,555 54,537 55,511 6,290,231 4,460,044 19
21 1,095,272 944,200 22 4,815,428 3,017,993 151,072 5,910,700 4,113,265 379,531 346,779 6,290,231 4,460,044 20
i 944,200 1,170,400 (12,160 ) 690,150 617,711 94,420 3,504,721 345,829 3,850,550 149 149 367,452 367,452 15,867 383,319 (ii) 974 (974 ) 43,338 (43,338 ) (94,420 ) (94,420 ) (19,029 ) (113,449 ) 944,200 1,170,400 (11,186 ) 733,488 940,851 3,777,753 342,816 4,120,569 944,200 1,170,400 (10,092 ) 848,878 1,008,807 151,072 4,113,265 346,779 4,460,044 H 151,072 1,391,388 1,542,460 1,542,460 12,662 12,662 406,047 406,047 33,695 439,742 (ii) 974 (974 ) 67,309 (67,309 ) (151,072 ) (151,072 ) (13,605 ) (164,677 ) 1,095,272 2,561,788 (9,118 ) 916,187 1,346,571 5,910,700 379,531 6,290,231 (i) (ii) 21
449,205 525,791 (791,752) (473,369) 1,540,726 (38,550) 1,198,179 13,872 2,429,188 2,556,676 3,627,367 2,570,548 3,627,367 2,570,548 22
1. 2266 413,272,0001 H 2. 34 1 7 7 8 9 10 11 29 2 23
3. 90% 2,208,763 1,136,182 3,344,945 1,795,764 723,224 2,518,988 4. 3,200,479 2,414,812 144,466 104,176 3,344,945 2,518,988 15,583 17,578 974 974 * 4,477 9,391 498 82 21,614 27,943 * 24
5. 2,544,642 1,864,020 80,136 69,564 2,625 1,341 (220) 283 75,072 65,946 600 600 142,917 102,765 14,674 5,911 157,591 108,676 7,679 (198) 920 3,675 6,896 9,508 20,716 13,479 (15,583) (17,578) (5,451) (10,365) (498) (82) (215) 6. 25
7. 48,237 37,385 (10,254) (4,099) 37,983 33,286 33% 12% 53,467,000 20,650,000 26
7. 477,725 416,605 33% 157,649 137,480 2,954 15,971 (122,620) (120,165) 37,983 33,286 17% 0% 3% 5% 30% 10,152,000 5% 9% 12% 8. 406,047,000 367,452,000970,909,000 944,200,000 9. 27
10. 691,357 1,026,113 34,190 166,551 1,918,211 4,340 5,003 671 3,075 13,089 20,779 46,863 2,127 28,605 98,374 (2,392) (2,105) (2,639) (304) (7,440) 714,084 1,075,874 34,349 197,927 2,022,234 79,617 340,475 12,843 42,965 475,900 12,312 50,609 1,986 15,229 80,136 (1,326) (1,517) (1,403) (252) (4,498) 90,603 389,567 13,426 57,942 551,538 623,481 686,307 20,923 139,985 1,470,696 611,740 685,638 21,347 123,586 1,442,311 11. 870,428 791,083 (98,374) 1,563,137 28
12. 287,531 253,719 74,401 57,700 91,612 82,633 376,701 297,208 10,588 10,533 840,833 701,793 (56,980) (50,084) 783,853 651,709 13. 90 69,216 32,080 4,892 1,206 10,680 11,914 84,788 45,200 (15,844) (14,115) 68,944 31,085 29
14. 473,500 200,450 316,636 287,336 790,136 487,786 100,500,000 130,780,000 15. 121,539 87,712 83,645 80,266 33,457 25,314 238,641 193,292 30
16. 3,744,732 2,429,188 100,000 3,844,732 2,429,188 (117,365) (132,600) 3,727,367 2,296,588 (100,000) 132,600 3,627,367 2,429,188 17. 1,371,431 866,468 22,325 23,762 15,592 48,569 37,513 29,666 1,446,861 968,465 90 31
18. 413,975 444,321 34,155 17,654 457,557 192,491 905,687 654,466 19. 32,708 20,716 (25,709) 27,715 32
20. 4,704 4,872 18,515 15,894 78 87 13,708 9,706 7,930 6,638 11,265 10,136 157 10,895 8,977 3,938 4,626 71,190 60,936 21. 1 682,000 682,000 1 H 413,272 262,200 1,095,272 944,200 151,072,000 H16%H 57.62% 151,072,000 H 1,095,272,000 33
22. 10% 50% 25% 23. 24. (a) 545,628 536,440 1,748,326 962,172 2,293,954 1,498,612 34
24. (a) 1,887,538 1,342,049 406,416 156,563 2,293,954 1,498,612 954 2,655 9,555 10,509 2,655 (b) (i) 70,000,00050,000 (ii) 57,303 75,985 35
25. (1) (i) (a) 60 (ii) (b) 116 23 (a) 83 325 (iii) (a) 319 425 (a) 302 27 (iv) (b) 30,881 35,266 (v) (a) 6,804 (vi) (b) 1,200 (vii) (b) 629 54 (viii) (a) 844 38,903 (b) 450 36
25. (1) (viii) (a) 944 (viii) (a) 56,526 (ix) (a) 79,055 (x) (a) 82,561 36,877 (x) (a) 35,451 37
25. (2) (vi) 1,200 (ix) 7,431 1,200 7,431 (ii) 19 99 (iv) 112 (vii) 72 (viii) 1,998 91 2,209 38
25. (2) (ii) 20 102 (iii) 370 279 (iv) 1,607 4,202 (vii) 138 59 (viii) 34,511 843 (ix) 15,527 (x) 18,479 (x) 32,204 15,981 (xi) 741 575 (xii) 90 292 85,208 40,812 39
25. (3) 805 601 13 6 818 607 (a) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) 26. 40