一汽解放2025年半年度报告（英文版）

Full Text of Semi-annual Report 2025 of FAW Jiefang Group Co., Ltd.1FAW JIEFANG GROUP CO., LTDSemi-annual Report 2025August 2025Full Text of Semi-annual Report 2025 of FAW Jiefang Group Co., Ltd.2Section I Important Notes, Contents and DefinitionsThe Board of Directors and Board of Supervisors, as well as directors,supervisors and senior executives of the Company guarantee that the contentsof the semi-annual report are true, accurate and complete, there is no falserecord, misleading statement or major omission, and shall bear individual andjoint legal responsibilities.Li Sheng, the person in charge of the Company, Yu Changxin, the personin charge of the work related to accounting, and Yang Li, the person in chargeof the accounting organization (chief accountant) declare that they guaranteethe authenticity, accuracy and completeness of the financial report in this semi-annual report.Except for the following directors, others attended the board meeting toreview the semi-annual report in person.Names ofDirectors NotPresent in PersonPositions ofDirectors NotPresent in PersonReasons for NotPresent in PersonName of theTrusteeYu ChangxinDirectorWorkLi ShengThis semi-annual report involves prospective statements such as futureplans, and does not constitute a substantial commitment of the Company toinvestors. Investors and relevant individuals should maintain sufficient riskawareness and understand the differences between plans, forecasts, andcommitments.TheCompanyhasdescribedindetailthepossiblerisksandcountermeasures for its future development in the section of ManagementFull Text of Semi-annual Report 2025 of FAW Jiefang Group Co., Ltd.3Discussion and Analysis. Investors are kindly requested to pay attention torelevant contents. China Securities Journal, Securities Times and CNINFO(http://www.cninfo.com.cn) are the designated information disclosure mediaselected by the Company. All information of the Company is subject to thatpublished in the above selected media. Investors are kindly requested to payattention to investment risks.The Company does not plan to pay cash dividends or bonus shares, orconvert reserves into share capital.Full Text of Semi-annual Report 2025 of FAW Jiefang Group Co., Ltd.4Table of ContentsSection I Important Notes, Contents and Definitions.............................................. 2Section II Company Profile and Main Financial Indicators................................... 7Section III Management Discussion and Analysis..................................................12Section IV Corporate Governance, Environment, and Social Responsibility.....36Section V Important Matters.................................................................................... 40Section VI Changes in Shares and Shareholders....................................................50Section VII Bonds.......................................................................................................60Section VIII Financial Report.....................