Financial Performance - In 2023, the company issued approximately 68,987 retail auto loans, with a total loan amount of RMB 4.697 billion, representing a significant increase of 4,550% compared to the previous year[8]. - The company's net interest income for 2023 reached RMB 216 million, an increase of 43% from 2022[8]. - Total operating revenue for 2023 was approximately RMB 304 million, reflecting an increase of about 87% year-on-year[8]. - The number of active loan customers increased to approximately 74,300 by the end of 2023, up from 14,600 at the end of 2022, marking a growth of 408%[10]. - Retail loan balance as of December 31, 2023, was approximately RMB 4.52 billion, a 622% increase from RMB 630 million in 2022[10]. - The company recorded a net profit of approximately RMB 56 million for the year ended December 31, 2023, indicating a return to profitability after a slight loss in the previous year[9]. - The company provided financial consulting services related to auto financing, generating approximately RMB 81 million in revenue for 2023[10]. - Interest income rose by 48% to approximately RMB 223 million in 2023, driven by an increase in auto loan disbursements[15]. - Net commission income surged by 416% to approximately RMB 88 million in 2023, primarily due to financial consulting services related to vehicle financing[18]. - Operating expenses totaled approximately RMB 202 million in 2023, a 74% increase from RMB 116 million in 2022, attributed to higher personnel costs and business expenses[19]. - The company recorded a net profit of approximately RMB 56 million in 2023, down from RMB 135 million in 2022, mainly due to significant impairment loss reversals in the previous year[22]. - The company’s total loans and advances net amount was approximately RMB 4.42 billion as of December 31, 2023, compared to RMB 554.94 million in 2022[26]. - The company’s total equity as of December 31, 2023, amounted to RMB 2,139,651,400, divided into 2,139,651,400 shares with a par value of RMB 1 each[50]. - The company reported a pre-tax profit of RMB 58,389 thousand for 2023, down from RMB 578,071 thousand in 2022, a decline of 89.9%[126]. - The total profit and comprehensive income for the year was RMB 56,188 thousand, compared to RMB 135,097 thousand in the previous year, a decrease of 58.3%[126]. - Basic and diluted earnings per share for 2023 were RMB 0.0263, down from RMB 0.0631 in 2022, reflecting a decline of 58.3%[126]. Loan and Credit Management - The company has established a comprehensive credit risk management system to mitigate potential risks in the loan issuance process[11]. - Impairment losses recognized under the expected credit loss model amounted to approximately RMB 42.76 million in 2023, compared to a reversal of RMB 531.71 million in 2022[20]. - The expected credit loss provision for loans and advances was RMB 1,271,184 thousand as of December 31, 2023, with a net loan balance of RMB 4,418,011 thousand[172]. - The company has implemented a new expected credit loss model in accordance with Hong Kong Financial Reporting Standards, categorizing loans into three stages based on credit risk[120]. - The company assesses expected credit losses for financial assets based on historical experience and forward-looking information, updating the expected credit loss amount at each reporting date[163]. - The expected credit loss model includes both lifetime expected credit losses and 12-month expected credit losses, depending on the credit risk changes since initial recognition[164]. - The company evaluates whether credit risk has significantly increased since initial recognition by comparing the default risk at the reporting date to that at initial recognition[164]. - The company regularly reviews the grouping of loans to ensure similar credit risk characteristics are maintained[167]. Corporate Governance and Management - The company has a strong governance structure with independent directors like Mr. Huang Wenzong and Ms. Liang Yanjun, who bring over 30 years and extensive legal experience respectively[43][44]. - The company is focused on risk management, with a dedicated committee and experienced members overseeing financial and operational risks[40][45]. - The management team has a diverse educational background, including degrees from prestigious institutions such as Shanghai Jiao Tong University and the University of Munich[39][42]. - The company aims to enhance its market position through strategic appointments and experienced leadership in finance and legal sectors[40][42]. - The company is committed to maintaining high standards of corporate governance and risk management practices[43][45]. - The board consists of seven members, including one executive director and three independent non-executive directors, ensuring a diverse range of experience and expertise[84]. - The company has adopted a board diversity policy, with the current board comprising three female directors and four male directors, reflecting a commitment to gender balance[89]. - The company has established mechanisms for independent professional advice for board members, ensuring compliance with applicable laws and regulations[87]. - The company provides ongoing training and updates to directors regarding legal and regulatory developments to assist them in fulfilling their duties[90]. - The company held a total of 5 board meetings during the year ending December 31, 2023, to review and approve annual and interim performance[93]. - The remuneration committee conducted 2 meetings to review the company's remuneration policies and assess the performance of executive directors and senior management[96]. - The audit committee, comprising 4 members, is responsible for overseeing the company's financial reporting and compliance[99]. - The company has established four committees: remuneration, nomination, audit, and risk management, to monitor specific aspects of its affairs[94]. Regulatory Compliance and Risk Management - The company has complied with all provisions of the corporate governance code during the year ended December 31, 2023[76]. - The supervisory board confirmed that the company's operations and decisions were in compliance with relevant laws and regulations during the reporting period[81]. - The board is responsible for maintaining a robust risk management and internal control system to protect shareholder investments and company assets[107]. - The company aims to become a leading automotive finance company in China, focusing on long-term goals without compromising on appropriate risk management[103]. - The board confirmed the effectiveness and adequacy of the company's risk management and internal control systems for the year ending December 31, 2023[107]. - The company has established an internal audit function to assist the board in monitoring risk management and internal control systems[107]. - The company emphasizes the importance of maintaining effective communication with shareholders and investors, utilizing various reports and a dedicated website for transparency[108]. Future Outlook and Strategic Plans - The company plans to expand its retail loan assets in the new energy vehicle and used car segments in 2024, focusing on enhancing dealer coverage and optimizing service models[37]. - The company aims to maintain a leading asset bad debt ratio while improving the competitiveness of its used car products, targeting it as a core profit growth point over the next three years[37]. Related Party Transactions and Shareholder Information - The company has not recorded any significant related party transactions with SAIC Group or its affiliates during the reporting period[67]. - The company has entered into a framework agreement with SAIC Group for automotive loan services, effective from January 1, 2023, to December 31, 2024, with an annual cap of RMB 100 million and actual service fees of RMB 0 for the year[68]. - The financial consulting services agreement with SAIC Group, also effective from January 1, 2023, to December 31, 2024, has an annual cap of RMB 200 million, with actual fees amounting to RMB 81 million for the year[70]. - The company confirms the independence of all independent non-executive directors as per the listing rules[62]. - The company has not disclosed any significant matters requiring disclosure after December 31, 2023, up to the date of this report[76].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Shanghai Dongzheng Automotive Finance Co., Ltd.* 上 海 東 正 汽 車 金 融 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2718） 截至2023年12月31日止年度的全年業績公告 末期業績 上海東正汽車金融股份有限公司董事會謹此公佈本公司截至2023年12月31日止年度之經 審核年度業績，連同2022年同期的比較數字，請與下文「管理層討論與分析」一節一併解 讀。 - 1 - 損益及其他全面收益表 截至2023年12月31日止年度 | --- | --- | --- | --- | |-----------------------------------------------------|-------|----------------------|--------------------| | | 附註 | 20 ...

日目 东正汽车金融 日常 DONGZHENG AFC Shanghai Dongzheng Automotive Finance Co , Ltd * 上海東正汽車金融股份有限公司 (於中華人民共和國註冊成立的殷份有限公司) 股份代號: 2718 458,81 *僅供識別 目錄 2 | --- | |--------------------------| | | | 公司資料 | | 管理層討論及分析 | | 企業管治及其他資料 | | 簡明財務報表審閱報告 | | 簡明損益及其他綜合收益表 | | 簡明財務狀況表 | | 簡明權益變動表 | | 簡明現金流量表 | | 簡明財務報表附註 | 4 14 18 19 20 21 22 23 釋義 39 上海東正汽車金融股份有限公司 2023年中期報告 公司資料 董事會 許鶯女士（主席兼非執行董事）* 吳崢先生（總經理兼執行董事）* 周祺博士（非執行董事）* 林葳華女士（非執行董事）* 黃文宗先生（獨立非執行董事） 梁艷君女士（獨立非執行董事） 覃正先生（獨立非執行董事） 林帆先生（執行董事）# 邵永駿先生（執行董事）# 許智俊先生（非執行董事）# 李國洲先生（非 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Shanghai Dongzheng Automotive Finance Co., Ltd.* 上 海 東 正 汽 車 金 融 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2718） 截至2023年6月30日止六個月的中期業績公告 中期業績 上海東正汽車金融股份有限公司董事會謹此公佈本公司截至2023年6月30日止六個月之未 經審核中期業績，連同2022年同期的比較數字，請與下文《管理層討論與分析》一節一併 解讀。 - 1 - 簡明損益及其他全面收益表 截至2023年6月30日止六個月 | --- | --- | --- | --- | |--------------------------------------------------------|-------|-------------------------------------------------- ...

日目 乐正汽车金融 日报 DONGZHENG AFC Shanghai Dongzheng Automotive Finance Co., Ltd * 上海東正汽車金融股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司) 股份代號：2718 年 報 *肇供識別 目錄 | --- | --- | |---------------------------------|-------| | 2 公司資料 | | | 4 管理層討論及分析 | | | 15 董事、監事及高級管理人員簡介 | | | 19 董事會報告 | | | 27 監事會報告 | | | 29 企業管治報告 | | | 39 獨立核數師報告 | | | 43 損益及其他綜合收益表 | | | 44 財務狀況表 | | | 45 權益變動表 | | | 46 現金流量表 | | | 47 財務報表附註 | | | 109 釋義 | | | 111 五年財務摘要 | | 上海東正汽車金融股份有限公司 | 2022年報 2 公司資料 | --- | --- | |------------------------------------------- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Shanghai Dongzheng Automotive Finance Co., Ltd.* 上海東正汽車金融股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2718） 截至2022年12月31日止年度的全年業績公告 末期業績 上海東正汽車金融股份有限公司董事會謹此公佈本公司截至2022年12月31日止年度之經 審核年度業績，連同2021年同期的比較數字，請與下文「管理層討論與分析」一節一併解 讀。 – 1 – 損益及其他綜合收益表 截至2022年12月31日止年度 | --- | --- | --- | --- | |----------------------------------------------------------------|-------|-------------------------------|-------------------------- ...

int The DONGZHENG AFC Shanghai Dongzheng Automotive Finance Co., Ltd.* 上海東正汽車金融股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司) 股份代號：2718 中 期 報 告 ２０２２ P * 懂供識別 目錄 公司資料 2 管理層討論及分析 3 企業管治及其他資料 14 獨立審閱報告 20 損益及其他全面收益表 21 財務狀況表 22 權益變動表 23 現金流量表 24 未經審核中期財務報告附註 25 釋義 65 上海東正汽車金融股份有限公司 2022年中期報告 公司資料 董事會 執行董事 林帆先生（主席） 邵永駿先生 非執行董事 許智俊先生 李國洲先生 獨立非執行董事 黃文宗先生 梁艷君女士 覃正教授（於2022年8月30日獲委任） 公司秘書 陳栢鴻先生 核數師 畢馬威會計師事務所 於《財務匯報局條例》下的註冊公眾利益實體核數師 香港中環 遮打道10號 太子大廈8樓 法律顧問 梁延達律師事務所有限法律責任合夥（香港法例） 香港灣仔 港灣道26號 華潤大廈2606–08室 | --- | --- | |--------------- ...

ts TILES H DONGZHENG AFC Shanghai Dongzheng Automotive Finance Co., Ltd.* 上海東正汽車金融股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司) 股份代號：2718 年報 2021 "便供益別 117 | --- | --- | |-------|------------------------------| | | 目錄 | | 2 | 公司資料 | | 4 | 董事長致辭 | | 5 | 管理層討論及分析 | | 18 | 董事、監事及高級管理人員簡介 | | 21 | 董事會報告 | | 32 | 監事會報告 | | 34 | 企業管治報告 | | 43 | 獨立核數師報告 | | 49 | 損益及其他綜合收益表 | | 50 | 財務狀況表 | | 51 | 權益變動表 | | 52 | 現金流量表 | | 54 | 財務報表附註 | | | 釋義 | | | 五年財務摘要 | 119 上海東正汽車金融股份有限公司 | 2021年報 2 公司資料 | --- | --- | |---------------------|-- ...