AutoBeta(AutoBeta.net)11/04 Report--

According to Dongfeng Motor Co., Ltd.'s Discipline Inspection Commission and the Office of the Supervisory Commission of Shiyan City, Hubei Province: Chen Xiaobang, Director of the PT Technology Department of the Manufacturing Headquarters of Dongfeng Motor Co., Ltd. Dongfeng Nissan Passenger Vehicle Company, is suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervisory investigation by the Discipline Inspection Commission of Dongfeng Motor Co., Ltd. and the Zhangwan District Supervisory Commission of Shiyan City, Hubei Province.

According to Dongfeng Company's Discipline Inspection Commission and the Office of the Ombudsman, and the Wuhan City Supervisory Commission of Hubei Province: Ruan Cheng, former deputy general manager of Wuhan Dongfeng Electric Chuangyue Industry and Trade Co., Ltd., is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervisory investigation by the Discipline Inspection Commission of Zhixin Technology Co., Ltd. and the Wuhan City Hannan District Supervisory Commission in Hubei Province.

Since the beginning of this year, Dongfeng Motor's anti-corruption efforts have continued to deepen. According to incomplete statistics, this year alone,"Integrity Dongfeng" has reported more than 15 incidents of violations by Dongfeng's internal personnel. Dongfeng has no mercy on major violations of discipline and law involving senior managers and resolutely investigates and deals with them. From Li Puming, former general manager of Xiangyang Da 'an Automobile Testing Center Co., Ltd., to Hu Xindong, former executive vice president of Dongfeng Renault Automobile Co., Ltd., Dongfeng has demonstrated its firm determination to fight corruption with practical actions. At the same time, Dongfeng also attaches great importance to violations of discipline and law by grassroots managers and ordinary employees. For example, Chen Xiaobang, director of the PT Technology Department of the Manufacturing Headquarters of Dongfeng Motor Co., Ltd. Dongfeng Nissan Passenger Vehicle Co., Ltd., who was investigated this time, embodies the principle of no dead corners in anti-corruption and full coverage.

In the automobile industry, many companies have opened accounts related to disciplinary inspections, but Dongfeng is currently the only company in the automobile industry that continues to disclose the progress of anti-corruption to the outside world. This reflects Dongfeng's determination and perseverance in fighting corruption and promoting integrity to some extent., and also enhances the transparency and credibility of anti-corruption. On September 14, the Dongfeng Company's Discipline Inspection Commission and the Ombudsman's Office publicly notified four typical cases of violations of the spirit of the eight central regulations, involving illegal acceptance of gifts, illegal acceptance of banquets arranged by management and service clients, and illegal issuance of subsidies.

Behind the continued deepening of anti-corruption actions are the operating difficulties faced by Dongfeng. As one of the three major central enterprises, Dongfeng's performance is far inferior to Chang 'an and FAW.

In the first half of 2024, Dongfeng Motor Group achieved operating income of 51.145 billion yuan, a year-on-year increase of 11.97%. However, while revenue is growing, net profit is still declining. Net profit for the first half of the year was 684 million yuan, down 47.95% year-on-year. According to the production and sales report released by Dongfeng Motor Group, Dongfeng Motor's cumulative sales volume in the first three quarters of 2024 was 1.3662 million units, a year-on-year decrease of 8.4%. Specifically, the sales of Dongfeng joint-venture car companies declined compared with the same period. Among them, the cumulative sales of Dongfeng Honda and Dongfeng Nissan fell by 8.9%% and 25.5% respectively year-on-year, and the sales of another joint-venture car company DPCA fell by 16.6% year-on-year.

As competition in the automobile market intensifies, Dongfeng has also taken a series of measures to improve product quality and service levels to win the trust and support of consumers. At the same time, Dongfeng's continued anti-corruption actions have further effectively curbed the occurrence of corruption, established a good atmosphere of integrity among employees, and injected new vitality into the development of the company.

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