Dongfeng Motor Group

Dongfeng Motor Group
DFG
Formerly called
  • Dongfeng Motor Co., Ltd.
  • Dongfeng Automobile Industry Investment
public
Traded as
unlisted(A share)
SEHK: 00489(H share)
ISIN CNE100000312
Industry Automotive
Founded 18 May 2001 (2001-05-18)
Founder Dongfeng Motor Corporation
Headquarters Dongfeng Road, Wuhan, China
Brands
Revenue Decrease CN¥122.422 billion (2016)
Profit Increase CN¥013.355 billion (2016)
Total assets Increase CN¥184.959 billion (2016)
Total equity Increase CN¥096.650 billion (2016)
Owner Dongfeng Motor Corporation (66.86%)
Parent Dongfeng Motor Corporation
Website www.dfmg.com.cn
Footnotes / references
in consolidated financial statement; joint ventures were consolidated by equity method[1]
Dongfeng Motor Group Co., Ltd.
Simplified Chinese 东风汽车集团股份有限公司
Traditional Chinese 東風汽車集團股份有限公司
Dongfeng Group
Simplified Chinese 东风集团
Traditional Chinese 東風集團

Dongfeng Motor Group Co., Ltd. known also as DFG is a Chinese holding company based in Wuhan, Hubei Province. Its H shares were listed on the Hong Kong Stock Exchange.

Dongfeng Motor Group formed several joint ventures with other foreign automobile maker, namely Honda, Renault-Nissan and Peugeot Citroën. It also lease several trademarks from the parent company Dongfeng Motor Corporation since 2005.[1]:41

Dongfeng Motor Group was ranked 550th in 2017 Forbes Global 2000 List.[2] The market capitalization of its H shares (about 33.15% of total share capital[1]:166) was HK$26.358 billion as at 30 June 2017.[3]

History

Dongfeng Motor Group (at that time known as Dongfeng Motor Co., Ltd.) was incorporated on 18 May 2001 as a special purpose vehicle for debt-to-equity swap of Dongfeng Motor Corporation.[4]:89 The other shareholders were fellow state-owned financial companies China Huarong Asset Management, China Cinda Asset Management, China Orient Asset Management, China Great Wall Asset Management and China Development Bank for a total of 42.86% stake.[4]:89 In 2003, [new] Dongfeng Motor Co., Ltd. was incorporated as a joint venture of Dongfeng Motor Group and Nissan. Dongfeng Motor Group, at that time still known as [old] Dongfeng Motor Co., Ltd., was renamed to Dongfeng Automobile Industry Investment.[4]:89

In August 2004 Dongfeng Motor Group bought back all the stakes of Dongfeng Motor Group from other stakeholders, for a total of CN¥4.6 billion.[4]:98 It also became a "company limited by shares" (Chinese: 股份有限公司, analog of public limited company) in October 2004, with a new name Dongfeng Motor Group.[4]:99 The company issued H share and became a listed company on 7 December 2005.[1][3]

In 2014 the plan to establish Dongfeng Commercial Vehicle was approved the National Development and Reform Commission. It would acquire some business and assets from the joint venture Dongfeng Motor Co., Ltd.. In turn Volvo acquired 45% stake of Dongfeng Commercial Vehicle from Dongfeng Motor Group. At the same time Dongfeng Nissan Diesel Motor would be a wholly owned subsidiary of Dongfeng Commercial Vehicle.[5] In January 2015, Dongfeng Commercial Vehicle was established.[6]

Subsidiaries

As of 31 December 2016[1]:2
Name Chinese name Percentage
Dongfeng Commercial Vehicle 55[1]:150
Dongfeng Liuzhou Motor 东风柳州汽车 75[1]:150
Dongfeng Motor Finance 100[1]:150
China Dongfeng Motor Industry Import and Export [1]:150
Dongfeng Electrical Vehicle 90.07[1]:150
Dongfeng Off-road Vehicle 东风越野车 100[1]:150
Dongfeng (Shiyan) Special Purpose Commercial Vehicle 东风（十堰）特种商用车 75.08[1]:150
Dongfeng Peugeot Citroen Automobile Sales 50[1]:150
Dongvo (Hangzhou) Truck [1]:150

Divisions

As of 31 December 2016[1]:2

Joint ventures

As of 31 December 2016

Equity interests

As of 31 December 2016

Shareholders

As of 31 December 2016,[1]:22 Dongfeng Motor Corporation is the largest shareholder for 66.86% shares. It was followed by Standard Chartered (2.81%), Prudential plc (2.64%), BlackRock (2.00%) and Edinburgh Partners (1.78%), all were H share owners and acted as investment managers (trustees).

References

  1. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 "2016 Annual Report" (PDF). Dongfeng Motor Group. 27 April 2017. Retrieved 28 July 2017.
  2. ↑ https://www.forbes.com/companies/dongfeng-motor-group/
  3. 1 2 "List of H Share Companies (Main Board)". Hong Kong Stock Exchange. 30 June 2017. Retrieved 28 July 2017.
  4. 1 2 3 4 5 "Prospectus" (index of PDF download links). Dongfeng Motor Group. 24 November 2005. Retrieved 29 July 2017.
  5. ↑ "东风汽车集团股份有限公司和沃尔沃集团重组东风商用车业务项目通过核准" (Press release) (in Chinese). National Development and Reform Commission. 7 January 2014. Retrieved 29 July 2017.
  6. ↑ "Dongfeng Commercial Vehicles Co., Ltd. Joint Venture Officially Established" (Press release). Dongfeng Motor Group. 28 January 2015. Retrieved 30 July 2017.
  7. 1 2 3 "2016 Annual Report" (PDF) (in Chinese). Dongfeng Automobile Co., Ltd. 15 April 2017. Retrieved 28 July 2017.
  8. ↑ "关于转让控股子公司郑州日产股权的关联交易公告" (PDF) (in Chinese). Dongfeng Automobile Company. 1 June 2017. Retrieved 28 July 2017.
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