一汽解放:2025年半年度报告(英文版)

FAW JIEFANG GROUP CO., LTD
Semi-annual Report 2025
August 2025

Section I Important Notes, Contents and Definitions
The Board of Directors and Board of Supervisors, as well as directors,
supervisors and senior executives of the Company guarantee that the contents
of the semi-annual report are true, accurate and complete, there is no false
record, misleading statement or major omission, and shall bear individual and
joint legal responsibilities.
Li Sheng, the person in charge of the Company, Yu Changxin, the person
in charge of the work related to accounting, and Yang Li, the person in charge
of the accounting organization (chief accountant) declare that they guarantee
the authenticity, accuracy and completeness of the financial report in this semi-
annual report.
Except for the following directors, others attended the board meeting to
review the semi-annual report in person.
Names of Positions of Reasons for Not Name of the
Directors Not Directors Not Present in Person Trustee
Present in Person Present in Person
Yu Changxin Director Work Li Sheng
This semi-annual report involves prospective statements such as future
plans, and does not constitute a substantial commitment of the Company to
investors. Investors and relevant individuals should maintain sufficient risk
awareness and understand the differences between plans, forecasts, and
commitments.
The Company has described in detail the possible risks and
countermeasures for its future development in the section of Management
Discussion and Analysis. Investors are kindly requested to pay attention to
relevant contents. China Securities Journal, Securities Times and CNINFO
(http://www.cninfo.com.cn) are the designated information disclosure media
selected by the Company. All information of the Company is subject to that
published in the above selected media. Investors are kindly requested to pay
attention to investment risks.
The Company does not plan to pay cash dividends or bonus shares, or
convert reserves into share capital.

Table of Contents

Section I Important Notes, Contents and Definitions...... 2
Section II Company Profile and Main Financial Indicators......7
Section III Management Discussion andAnalysis......12
Section IV Corporate Governance, Environment, and Social Responsibility..... 36
Section V Important Matters......40
Section VI Changes in Shares and Shareholders......50
Section VII Bonds......60
Section VIII Financial Report...... 61
Section IX Other Submitted Data......211
List of Documents for Future Reference
(I) Financial statements were signed and sealed by the person in charge of the Company, the
person in charge of accounting and the person in charge of the accounting organization (chief
accountant).
(II) Originals of all company documents and announcements publicly disclosed during the
reporting period.

Interpretation
Item Refers to Definition
Company, the Company, FAW Refers to FAW Jiefang Group Co., Ltd.
Jiefang
Jiefang Limited Refers to FAW Jiefang Automotive Co., Ltd.
Jiefang Group International Refers to FAW Jiefang Group International Automobile
Co., Ltd.
FAWAfrica Refers to FAW (Africa) Investment Co., Ltd.
Tanzania Ltd. Refers to Jiefang Motors Tanzania Ltd.
FAW Group Refers to China FAW Group Co., Ltd.
FAW Refers to China FAW Co., Ltd.
FAW Car Refers to FAW Car Co., Ltd.
FAW Bestune Refers to FAW Bestune Auto Co., Ltd.
Finance company Refers to FirstAutomobile Finance Co., Ltd.
Board of Directors Refers to Board of Directors of FAW Jiefang Group Co.,
Ltd.
Shareholders’meeting Refers to Shareholders’Meeting of FAW Jiefang Group
Co., Ltd.
Board of Supervisors Refers to Board of Supervisors of FAW Jiefang Group
Co., Ltd.
Ministry of Finance Refers to Ministry of Finance of the People’s Republic of
China
China Securities Regulatory Refers to China Securities Regulatory Commission
Commission (CSRC)
China Securities Depository and Shenzhen Branch, China Securities Depository
Clearing Corporation Limited Refers to and Clearing Corporation Limited
(CSDC)
Company Law Refers to Company Law of the People’s Republic of
China
Securities Law Refers to Securities Law of the People’s Republic of
China
Articles of Association Refers to A