五菱汽車：二零二五年中期報告.pdf

1、五菱汽車集團控股有限公司(Incorporated in Bermuda with limited liability)（於百慕達註冊成立之有限公司）香港聯交所股份代號INTERIM REPORTINTERIM REPORT 2025 二零二五年中期報告WULING MOTORS HOLDINGS LIMITED 五菱汽車集團控股有限公司CORPORATE PROFILEWuling Motors Holdings Limited(“Wuling Motors”or the“Company”)and its subsidiaries(collectively referred to as th

2、e“Group”)are principally engaged in the businesses of trading and manufacturing of automotive components,vehicles power supply systems and commercial vehicles assembly,with our principle subsidiaries being recognised as High-Tech Enterprises in China.Our Groups corporate goal is to grasp the tremend

3、ous business opportunities arising from the rapidly growing global automobile supply chain industry,with our main production facilities located in Liuzhou,Qingdao,Chongqing,Jingmen,Nanning,India and Indonesia.五菱汽車集團控股有限公司（五菱汽車 或 本公司）及其附屬公司（統稱 集團 或 本集團）的主要業務為從事汽車零部件、汽車動力系統及商用整車之銷售及製造業務，其中主要附屬公司已獲認可為中

4、國之高新技術企業。本集團以把握全球汽車產業鏈市場迅速發展所帶來的重大商機為集團的經營發展目標，主要製造設施設於柳州、青島、重慶、荊門、南寧、印度及印度尼西亞。公司簡介GROUP STRUCTURE集團架構Note：The percentage of shareholding interests in Liuzhou Wuling New Energy Vehicles Company Limited(“Wuling New Energy”)are calculated based on the fully paid up share capital of Wuling New Energy a

5、s contributed by the respective shareholders as of 30 June 2025.附註：柳州五菱新能源汽車有限公司（五菱新能源）持股百分比乃按截至二零二五年六月三十日五菱新能源各股東全部繳足股本計算。WULING MOTORS HOLDINGS五菱汽車控股00305.HKDRAGON HILL俊山GUANGXI AUTOMOBILE廣西汽車WULING NEW ENERGY(Note)五菱新能源（附註）13.36%12.34%56.54%60.9%VEHICLES POWERSUPPLY SYSTEMS汽車動力系統WULING INDUSTRIAL

6、五菱工業39.1%10.81%65.80%COMMERCIALVEHICLES ASSEMBLY商用整車AUTOMOTIVE COMPONENTS AND OTHER INDUSTRIAL SERVICES汽車零部件及其他工業服務CONTENTS 目錄2MESSAGES FROM THE BOARD OF DIRECTORS董事會致辭13MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析BY MAIN BUSINESS SEGMENTS主要業務分部38DISCLOSURE OF INTERESTS權益披露43OTHER INFORMATION其他資料46REP