二零一一年度業績報告 2011 Annual Results March, 2012

Contents 2011 PRC Auto Industry Overview 2011 DFG Business and Finance Performance Outlook of PRC Auto Industry and DFG

Highlights of PRC Auto Industry in 2011 Auto industry growth rate slowdown Continued increase of spending power with obvious trend of individualized consumption Faster growth of auto exports Improved concentration of market share

DFG Growth Rate Outperformed Industry Average, Market Share Further Increased Growth rate topped PRC leading manufacturers PV、CV both outperformed the market Steady increase of market share HDT,MDT ranked industry No.1

Steady Capacity Expansion Plan , Utilization Rate Remained at High Level DFNissan DF Nissan PV Company significantly reduced negative impact from Japanese earthquake and managed to achieve a production of 814,000 units in 2011. In 2012, total capacity of 240,000 units in its newly built second plant will complete construction and put to use. DPCA DPCA’s current utilization rate remains at a comparatively high level; 3rd plant is under construction. DFHonda Dongfeng Honda’s utilization rate exceeds 100%; 2nd plant will start operation in 1H 2012. Unit:’0000 2011 Capacity 2011 Production Utilization Rate Sales Output Ratio Whole Vehicles 216 217 100.5% 217.3 100.1% CV 61 51.4 84.3% 52.6 102.3% PV 155 165.6 106.8% 164.6 99.4% DF Nissan PV 59 81.4 138.0% 80.9 DPCA 46 40.6 88.3% 40.4 99.5% DF Honda 24 25.4 105.8% 25.5 100.4%

Competitive edge enhanced with the support of a strong product mix Continuously Improve Competitive Edge and Enrich Product Line-up Competitive edge enhanced with the support of a strong product mix Outstanding performance of high-end trucks, sales proportion keeps growing NO.1

Sales Revenue further Increased, Profitability Maintained Stable 2011 2010 YOY Revenue 1314.41 1223.95 7.4% PV Revenue 949.21 881.43 7.7% CV Revenue 354.72 334.18 6.1% Gross profit 263.9 263.62 0.1% EBIT 143.84 145.16 -0.9% Net profit 104.81 109.81 -4.6%

Continuous Efforts in Improvement of Management & Cost Control Capability Continuous efforts in controlling costs and enhancing R&D capability Profitability indicators maintained at good level

PRC Auto Industry: back to Rational Development, but still Room for Future Growth PRC Auto Industry: Growth Story Continues...... Continued Increase of Consumer Spending Power Auto Consumption Market Shifting Comparatively Lower Penetration Rate Strong PV Market Demand Stable CV Demand PRC auto industry will continue growth in the coming 5-10 years. Sales volume is expected to exceed 20 mn units in 2012.

DFG Business Outlook: Bigger and Stronger 12th Five-Year Plan Period: Bigger & Stronger Steadily Expand Production Capacity Continuously Optimize Distribution Network Constantly Extend Product Lines Constantly Improve R&D and Innovation Capability Speed up Commercialization of New Energy Vehicles DFG sets its sales target between 2.45mn to 2.5mn units in 2012, among which CV sales expects to reach 520,000 units, PV sales expects to reach 1.93mn – 1.98mn units