Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. |
DONGFENG MOTOR GROUP COMPANY LIMITED* 東風汽車集團股份有限公司 (a joint stock company incorporated in the People's Republic of China with limited liability) (Stock Code: 489) INSIDE INFORMATION This is not an announcement of the financial results of Dongfeng Motor Group Company Limited* (東風汽車集團股份有限公司) (the "Company"). This announcement is made pursuant to Part XIVA of the Securities and Future Ordinance and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to provide shareholders of the Company and the public with the extract of certain financial statements of Peugeot SA ("PSA") for the year ended 31 December 2016. PSA is a company organised under the laws of France as a société anonyme and listed on Euronext Paris Stock Exchange.PSA has released on 23 February. 2017 (French time) its audited consolidated financial statements for the year ended 31 December 2016 (the "PSA Financial Statements") prepared in accordance with International Financial Reporting Standards as adopted for use in the European Union ("IFRS"), which included certain financial information of the Joint Control Equities(the "JCEs"). The following is an extract of the PSA Financial Statements containing certain financial information of the JCEs: 1.4. KEY FINANCIAL DATA OF EQUITY-ACCOUNTED COMPANIES The detailed data about the equity-accounted companies are the following. A. Dongfeng Motor Group cooperation agreement in the automotive activities PSA Group and Dongfeng Motor Group have three joint ventures:
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Dongfeng Peugeot Citroën Automobile Sales Co (DPCS), based in Wuhan, over which the Group has significant influence. It markets in China the vehicles produced by DPCA;
Dongfeng Peugeot Citroën Automobile International Co (DPCI), based in Singapore, over which the Group has significant influence. It markets outside China, in the ASEAN zone the vehicles produced by DPCA.
Another jointly controlled company is being created in charge of research and development. The amounts below represent the combined financial statements of DPCA and DPCS.
Earnings items at 100%In million euros | In million yuans | |||
2016 | 2015 | 2016 | 2015 | |
Revenue | 7 455 | 9 864 | 54 795 | 68 991 |
Recurring operating income (loss) | 524 | 828 | 3 858 | 5 805 |
Operating income (loss) Of which depreciation and impairment | 568 (299) | 843 (297) | 4 181 (2 202) | 5 903 (2 076) |
Net financial income (loss) Income taxes | 55 (138) | 82 (225) | 402 (1 015) | 573 (1 568) |
Profit (loss) from continuing operations | 485 | 700 | 3 568 | 4 908 |
Profit (loss) from discontinued operations | - | - | - | - |
Profit (loss) of the period | 485 | 700 | 3 568 | 4 908 |
Group's share in the profit (loss) of the period (Share in net earnings of companies at equity) | 242 | 350 |
Income and expenses recognised in equity, net | - | - |
Net dividend received from the joint venture(s) by the PSA Peugeot Citroën group | 260 | 332 |
In million euros | In million yuans | |||
31 December 2016 | 31 December 2015 | 31 December 2016 | 31 December 2015 | |
Assets | 3 380 | 3 263 | 24 746 | 23 040 |
Non-current assets | ||||
Current assets | 2 826 | 3 258 | 20 700 | 23 000 |
Of which cash and cash equivalents | 1 224 | 1 880 | 8 957 | 13 271 |
Liabilities | 287 | 210 | 2 103 | 1 482 |
Non-current liabilities (excluding equity) | ||||
Of which non-current financial liabilities | 287 | 88 | 2 103 | 622 |
Current liabilities | 3 711 | 3 977 | 27 166 | 28 081 |
Of which current financial liabilities | 22 | 194 | 164 | 1 367 |
Equity | 2 208 | 2 334 | 16 177 | 16 477 |
Equity | 2 208 | 2 334 |
% of interest | 50% | 50% |
Group's share in equity | 1 104 | 1 167 |
Goodwill | 82 | 84 |
Investments in company at equity | 1 186 | 1 251 |
The above is an extract only. For details, please refer to the full text of the PSA Financial Statements which are accessible at the AMF at www.amf-france.org and also disclosed on the website of PSA at www.psa-peugeot-citroen.com.
The financial information in this announcement for the JCEs is based on the financial data prepared by PSA. Shareholders and investors are advised to exercise caution when dealing in the shares of the Company.
By order of the board of directors Zhu YanFeng
Chairman
Wuhan, the PRC, 23 February 2017
As at the date of this announcement, Mr. Zhu Yanfeng and Mr. Li Shaozhu are the executive directors of the Company, Mr. Tong Dongcheng, Mr. Ouyang Jie and Mr. Liu Weidong are the non-executive directors of the Company and Mr. Ma Zhigeng, Mr. Zhang Xiaotie, Mr. Cao Xinghe and Mr. Chen Yunfei are the independent non-executive directors of the Company.
* For identification purposes only
DFM - Dongfeng Motor Group Co. Ltd. published this content on 23 February 2017 and is solely responsible for the information contained herein.
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