BAIC Motor

BAIC Motor
public
Traded as
unlisted(A share)
SEHK: 01958(H share)
ISIN CNE100001TJ4
Industry car manufacturing
Headquarters Beijing, China
Area served
 mainland China
Key people
Xu Heyi(chairman)
Li Feng(executive director)
Brands
Revenue Increase CN¥116.199 billion (2016)
Increase CN¥011.520 billion (2016)
Profit Increase CN¥006.367 billion (2016)
Total assets Increase CN¥168.900 billion (2016)
Total equity Increase CN¥040.160 billion (2016)
Parent BAIC Group
Subsidiaries
Beijing Benz(51%)
Beijing Hyundai(50%)
Rating
unrated(Moody's, May 2016)[1]
Website baicmotor.com
Footnotes / references
in consolidated financial statement[2]
BAIC Motor Corporation Limited
Traditional Chinese 北京汽車股份有限公司
Simplified Chinese 北京汽车股份有限公司
BAIC Motor
Traditional Chinese 北京汽車
Simplified Chinese 北京汽车

BAIC Motor Corporation Limited is a Chinese car manufacturer based in Beijing, China. The H shares (foreigner share in offshore market) of the company were traded in the Hong Kong Stock Exchange. It was part of BAIC Group, itself a subsidiary of Beijing Municipal Government.

History

BAIC Motor was incorporated in 2010 as a sub-holding company of BAIC Group.[3] It became a listed company in December 2014.[4]

The firm announced in March 2015 plans to extend its partnership with Daimler AG by taking a 35 percent stake in Mercedes-Benz Leasing, a China incorporated leasing company.[5]

Subsidiaries

As of 31 December 2016[2]:15

Equity investments

As of 31 December 2016[2]:15

Shareholders

As of 31 December 2016[2]:15:49

! Rank Name Chinese name Percentage Footnotes
1 BAIC Group 北汽集团 44.98% State-owned enterprise, Beijing Municipal Government was controlling shareholder
2 Shougang "Shares" 首钢股份 13.54% Shanghai-listed company, Beijing Municipal Government was indirect controlling shareholder
3 Daimler AG 10.08% Frankfurt-listed company, shareholder of Beijing Benz
Sub-total 68.6%
4 Shenzhen Benyuan Jinghong Equity Investment Fund 本源晶鸿基金　 4.50% A share owner; partially owned by BAIC Capital (of BAIC Group) as limited partner[6]
5 Easy Smart Limited 易穎有限公司 3.67% H share owner, Cayman Islands incorporated; subsidiary of China Aerospace Investment Holdings (CASC Group)[7][8]
N/A other H share owners 13.91%
N/A other A share owners 9.32%
Total 100%

References

  1. ↑ "Announcement: Moody's: Beijing Automotive Group's A3 ratings unaffected by 2015 results" (Press release). Moody's. 6 May 2016. Retrieved 19 July 2017.
  2. 1 2 3 4 "2016 Annual Report" (PDF). BAIC Motor. Hong Kong Stock Exchange. 26 April 2017. Retrieved 19 July 2017.
  3. ↑ "China establishes new automaker for "Beijing" brand automobiles". People's Daily. 30 September 2010. Archived from the original on 18 October 2012.
  4. ↑ "Daimler-backed BAIC Motor opens flat in Hong Kong debut". Hong Kong. Reuters. 18 December 2014. Retrieved 19 July 2017.
  5. ↑ "BAIC Motor to take stake in Daimler China leasing firm". Berlin. Reuters. 22 March 2015.
  6. ↑ 深圳市本源晶鸿股权投资基金企业(有限合伙)
  7. ↑ http://www.hkexnews.hk/listedco/listconews/sehk/2014/1209/01958_2116584/E122.pdf
  8. ↑ "易穎有限公司" (in Chinese). China Aerospace Investment Holdings. 12 April 2012. Retrieved 19 July 2017.
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