Nov.18th 20th, 20091Morgan Stanleys Eighth Annual Asia Pacific Summit

PRC Auto Industry 2009 3Q OverviewContent2

DFG 2009 3Q Business Overview and DFG 2009 1H Financial Performance

Outlook of DFG and PRC Auto Industry in 2009

PRC Auto Industry 2009 3Q Overview3

Strong Growth of PRC Auto Industry in 2009 3Q:Robust Growth of PV and Steady Recovery of CV 4Small emission PV: the major growth driverIndustry sales volume & GrowthMid-west China picks up market shareSteady recovery of CV13.53%25.32%21.84%6.7%34.24%

Chart2

378.91520.980.3749439181

232.15359.890.5502476847

145.15157.90.0878401653

82.53142.330.7245849994

1-9 2008

1-9 2009

YOY growth

Sheet1

20052006200720081H2009

Total sales volume575.8721.6879.2938.1609.9

YOY growth25.32%21.84%6.70%17.70%

1-9 20081-9 2009YOY growth

Sedan378.91520.9837.49%

Sedan

DFG Business Overview & financial performance5

Constant expansion and optimization of distribution networkUtilization rate maintains at higher levelDFG PV growth higher than industry average36%37.83%Strong performance of new models6Unit:0,000Unit:0,000Unit:0,000DFG: Strong Business Performance in 3Q of 2009

Chart3

71.642.240.5899441341

74.559.820.8029530201

94.575.630.8003174603

111.795.880.8583706356

131.2105.650.8052591463

131.258.60.894

Production Capacity

Prodution

Utilization Rate

Chart1

71.642.240.5899441341

74.559.820.8029530201

94.575.630.8003174603

111.795.880.8583706356

131.2105.650.8052591463

131.258.60.894

Production Capacity

Prodution

Utilization Rate

Chart2

71.642.240.5899441341

74.559.820.8029530201

94.575.630.8003174603

111.795.880.8583706356

131.2105.650.8052591463

Production Capacity

Prodution

Utilization Rate

Sheet1

20082007

70.876116.18%

35.0527.1928.91%

18.7516.9610.55%

12.361112.36%

4.72418.00%

17.820.73-14.13%

16.412.729.13%

20082007

33.0531.156.10%

10.428.7718.81%

5.076.4-20.78%

13.0911.6812.07%

4.484.313.94%

200420052006200720081H2009

Production Capacity71.674.594.5111.7131.2131.2

Prodution42.2459.8275.6395.88105.6558.6

Utilization Rate59%80.30%80.03%85.84%80.53%89.40%

2005200620072008

CV distribution network628206620562083

PV distribution network699121918972282

20052006200720082009E2010E

197N.A.413488535600

2005200620072008

214230286248

138110135156

352340421404

20052006200720082009

70120176230260

0808%2009

131.2105.6580.53%137.8

40.233.3582.96%40.3

39.432.782.99%39.4

\0.80.6581.25%0.9

9172.379.45%97.5

4538.585.56%47.5

3017.357.67%30

1616.5103.13%20

146111.776.51%157.5

3630.885.56%40

5446.986.85%57.5

1815.686.67%18.5

61.728.33%9

3029.698.67%30

4017.543.75%40

1616.5103.13%20

2005200620072008

DFG()59.575.194.95105.8

()575.7721.6879.2938.1

13.51%25.34%21.84%6.70%

DFG40.66%26.22%26.43%11.43%

27.15%0.88%4.59%4.73%

20042005200620072008

32.242.548.256170.9

31.99%13.53%26.42%16.23%

200320042005200620072008

6510860784157516203537271915350564

---6.64%159.14%29.22%33.59%28.92%

20042005200620072008

104722624463373127042164035

150.61%141.48%100.47%29.12%

DFG

20042005200620072008

DFG17.735.149.563.872.7

327.1397.1517.6629.8675.6

5.4%8.8%9.6%10.1%10.8%

20042005200620072008

DFG42.359.575.195105.8

507.2575.8721.6879.2938.1

DFG8.30%10.30%10.40%10.80%11.30%

2004200520062007200820042005200620072008

6.0815.7520.3527.1930.066.0815.7520.3527.1930.06

507.2575.8721.6879.2938.1

1.20%2.74%2.82%3.09%3.20%1.20%2.74%2.82%3.09%3.20%

20042005200620072008

1.052.626.3412.716.4

507.2575.8721.6879.2938.1

DFG0.21%0.46%0.88%1.44%1.75%

2009DFG1

39,81439,448%39,783

7248389994-19.46%86343-16.05%

6256064560-3.10%68193-8.26%

4898054808-10.63%54064-9.40%

MPV14853111-52.27%2003-25.86%

SUV12095664182.13%12126-0.26%

992325434-60.99%18150-45.33%

746021043-64.55%14387-48.15%

11547069-83.68%3386-65.92%

10272788-63.16%1855-44.64%

527911186-52.81%9146-42.28%

24634391-43.91%3763-34.55%

200420052006200720082009E

53.15660667886.9

60.60%76.38%80.72%93.18%91.85%

42.7748.4361.571.6445

20052006200720082009E

24.528.5364547.5

78.20%80.11%85.20%85.56%

20052006200720082009E2010E

197N.A.413488535600

20052006200720082009E

312121620

85.40%54.92%104.16%103.13%

2008

1.4L1.6L1.8L

1.4L1.6L1.4L49871943012737931251

1.6L83360209782140782

1.6L55205164035

3071.6L2.0L1.6L4612214723

2.0L1425420010

2061.4L1.6L1.4L8959DFG19430337161370801

1.6L5634

1.6L2.0L1.6L16591659

2.0L17061706

2.0L13953

C21.4L1.6L1.4L4716

1.6L30701.4L1.6L1.8L

1.6L2.0L1.6L6715

2.0L1338194302.67%12737917.51%312514.30%178060

2071.4L1.6L1.4L768020978228.84%14078219.35%350564

1.6L63816403522.55%164035

178060147232.02%14723

200102.75%20010

2.0L3.5L2.0L10292194302.67%33716146.35%37080150.98%727392

2.3L11865

2.5L34200

3.5L2019

/1.6L137193

1.6L69992

1.6L2.0L)1.6L1886

2.0L51338

1.8L1.8L3797

1.61.6L44

1.6L-2.0L1.6L667

2.0L23105

2.0L-2.5L2.0L623

2.5L3543

350564

2.0L1682

2.4L2.5L1875

2.4L10952

3.3L214

14723

1.8L83413

CRV2.0L2.4L80622

164035

1.8L20010

2.0L

2008source

100%8.6

52.3%4.5

20.9%1.8

16.3%1.4

9.3%0.8

1.2%0.1

2008source

25.73%10.19%

27.91%15.17%

12.45%

8.79%

9.39%

6.17%

6.00%

3.56%

DFACsource

3.90%

15.30%

17.90%

4.60%

7.80%

38.10%

12.40%

2008

2008

17.4%6.6%

8.4%

12.2%

29.4%14.3%15.1%

18.8%16.7%

8.8%

4.7%

0.3%

Sheet1

000

000

000

000

000

000

&A

Page &P

Production Capacity

Prodution

Utilization Rate

Sheet2

00

00

00

00

CV distribution network

PV distribution network

Sheet3

0

0

0

0

0

0

N.A.

0000

0000

0000

0000

&A

Page &P

DFG()

()

DFG

000

000

000

000

000

&A

Page &P

DFG

DFG

00

00

00

00

00

&A

Page &P

00

00

00

00

00

00

&A

Page &P

00

00

00

00

00

00

&A

Page &P

000

000

000

000

000

&A

Page &P

00

00

00

00

00

&A

Page &P

00

00

00

00

00

&A

Page &P

00

00

00

00

00

&A

Page &P

0

0

0

0

0

000

000

000

000

000

&A

Page &P

DFG

DFG

DFG

0

0

0

0

0

0

0

0

:4

2008

0

0

0

0

0

2008

0

0

0

0

0

0

0

DFAC2008

0

0

0

0

0

0

0

0

2008

MBD000F7FBD.xls

Sheet1

3505206.25%100.00%

1544780.97%15.54%

2531630.95%15.17%

3446660.80%12.74%

4436270.78%12.45%

5357170.64%10.19%

6308060.55%8.79%

7329120.59%9.39%

8216430.39%6.17%

9210180.37%6.00%

10124900.22%3.56%

Sheet2

2008

350520100.00%

20.00%

20.00%

148394.23%

6897919.68%

6821419.46%

5322415.18%

37971.08%

6999219.97%

237726.78%

4353312.42%

41661.19%

Sheet3

Chart1

6.1

5.54

4.36

0.45

0.82

sales volume

Sheet1

200420052006200720081-9 2009

PV sales volume327.1397.1517.6629.8675.6724.2

CV sales volume180.1178.7204249.4262.5242.1

total growth13.53%25.32%21.84%6.70%34.24%

507.2575.8721.6879.2938.1966.3

20052006200720081-9 2009

CIVIC3.798.138.347.07

CRV2.622.554.578.067.78

29.12%17.53%

Syphyhatchback ElyseeC4SpiriorS30

sales volume6.15.544.360.450.82

2.28new

Sheet1

00

00

00

00

00

00

PV sales volume

CV sales volume

Sheet2

00

00

00

00

00

CIVIC

CRV

Sheet3

0

0

0

0

0

sales volume

Chart2

628699

20661219

20561897

20832282

21862322

CV Distribution Network

PV Distribution Network

Chart1

628699

20661219

20561897

20832282

CV Distribution Network

PV Distribution Network

Sheet1

20082007

70.876116.18%

35.0527.1928.91%

18.7516.9610.55%

12.361112.36%

4.72418.00%

17.820.73-14.13%

16.412.729.13%

20082007

33.0531.156.10%

10.428.7718.81%

5.076.4-20.78%

13.0911.6812.07%

4.484.313.94%

20042005200620072008

()71.674.594.5111.7131.2

()42.2459.8275.6395.88105.65

59%80.30%80.03%85.84%80.53%

20052006200720081H2009

CV Distribution Network6282066205620832186

PV Distribution Network6991219189722822322

20052006200720082009E2010E

197N.A.413488535600

2005200620072008

214230286248

138110135156

352340421404

20052006200720082009

70120176230260

0808%2009

131.2105.6580.53%137.8

40.233.3582.96%40.3

39.432.782.99%39.4

\0.80.6581.25%0.9

9172.379.45%97.5

4538.585.56%47.5

3017.357.67%30

1616.5103.13%20

146111.776.51%157.5

3630.885.56%40

5446.986.85%57.5

1815.686.67%18.5

61.728.33%9

3029.698.67%30

4017.543.75%40

1616.5103.13%20

2005200620072008

DFG()59.575.194.95105.8

()575.7721.6879.2938.1

13.51%25.34%21.84%6.70%

DFG40.66%26.22%26.43%11.43%

27.15%0.88%4.59%4.73%

20042005200620072008

32.242.548.256170.9

31.99%13.53%26.42%16.23%

200320042005200620072008

6510860784157516203537271915350564

---6.64%159.14%29.22%33.59%28.92%

20042005200620072008

104722624463373127042164035

150.61%141.48%100.47%29.12%

DFG

20042005200620072008

DFG17.735.149.563.872.7

327.1397.1517.6629.8675.6

5.4%8.8%9.6%10.1%10.8%

20042005200620072008

DFG42.359.575.195105.8

507.2575.8721.6879.2938.1

DFG8.30%10.30%10.40%10.80%11.30%

2004200520062007200820042005200620072008

6.0815.7520.3527.1930.066.0815.7520.3527.1930.06

507.2575.8721.6879.2938.1

1.20%2.74%2.82%3.09%3.20%1.20%2.74%2.82%3.09%3.20%

20042005200620072008

1.052.626.3412.716.4

507.2575.8721.6879.2938.1

DFG0.21%0.46%0.88%1.44%1.75%

2009DFG1

39,81439,448%39,783

7248389994-19.46%86343-16.05%

6256064560-3.10%68193-8.26%

4898054808-10.63%54064-9.40%

MPV14853111-52.27%2003-25.86%

SUV12095664182.13%12126-0.26%

992325434-60.99%18150-45.33%

746021043-64.55%14387-48.15%

11547069-83.68%3386-65.92%

10272788-63.16%1855-44.64%

527911186-52.81%9146-42.28%

24634391-43.91%3763-34.55%

200420052006200720082009E

53.15660667886.9

60.60%76.38%80.72%93.18%91.85%

42.7748.4361.571.6445

20052006200720082009E

24.528.5364547.5

78.20%80.11%85.20%85.56%

20052006200720082009E2010E

197N.A.413488535600

20052006200720082009E

312121620

85.40%54.92%104.16%103.13%

2008

1.4L1.6L1.8L

1.4L1.6L1.4L49871943012737931251

1.6L83360209782140782

1.6L55205164035

3071.6L2.0L1.6L4612214723

2.0L1425420010

2061.4L1.6L1.4L8959DFG19430337161370801

1.6L5634

1.6L2.0L1.6L16591659

2.0L17061706

2.0L13953

C21.4L1.6L1.4L4716

1.6L30701.4L1.6L1.8L

1.6L2.0L1.6L6715

2.0L1338194302.67%12737917.51%312514.30%178060

2071.4L1.6L1.4L768020978228.84%14078219.35%350564

1.6L63816403522.55%164035

178060147232.02%14723

200102.75%20010

2.0L3.5L2.0L10292194302.67%33716146.35%37080150.98%727392

2.3L11865

2.5L34200

3.5L2019

/1.6L137193

1.6L69992

1.6L2.0L)1.6L1886

2.0L51338

1.8L1.8L3797

1.61.6L44

1.6L-2.0L1.6L667

2.0L23105

2.0L-2.5L2.0L623

2.5L3543

350564

2.0L1682

2.4L2.5L1875

2.4L10952

3.3L214

14723

1.8L83413

CRV2.0L2.4L80622

164035

1.8L20010

2.0L

2008source

100%8.6

52.3%4.5

20.9%1.8

16.3%1.4

9.3%0.8

1.2%0.1

2008source

25.73%10.19%

27.91%15.17%

12.45%

8.79%

9.39%

6.17%

6.00%

3.56%

DFACsource

3.90%

15.30%

17.90%

4.60%

7.80%

38.10%

12.40%

2008

2008

17.4%6.6%

8.4%

12.2%

29.4%14.3%15.1%

18.8%16.7%

8.8%

4.7%

0.3%

Sheet1

000

000

000

000

000

&A

Page &P

()

()

Sheet2

00

00

00

00

00

CV Distribution Network

PV Distribution Network

Sheet3

0

0

0

0

0

0

N.A.

0000

0000

0000

0000

&A

Page &P

DFG()

()

DFG

000

000

000

000

000

&A

Page &P

DFG

DFG

00

00

00

00

00

&A

Page &P

00

00

00

00

00

00

&A

Page &P

00

00

00

00

00

00

&A

Page &P

000

000

000

000

000

&A

Page &P

00

00

00

00

00

&A

Page &P

00

00

00

00

00

&A

Page &P

00

00

00

00

00

&A

Page &P

0

0

0

0

0

000

000

000

000

000

&A

Page &P

DFG

DFG

DFG

0

0

0

0

0

0

0

0

:4

2008

0

0

0

0

0

2008

0

0

0

0

0

0

0

DFAC2008

0

0

0

0

0

0

0

0

2008

MBD000F7FBD.xls

Sheet1

3505206.25%100.00%

1544780.97%15.54%

2531630.95%15.17%

3446660.80%12.74%

4436270.78%12.45%

5357170.64%10.19%

6308060.55%8.79%

7329120.59%9.39%

8216430.39%6.17%

9210180.37%6.00%

10124900.22%3.56%

Sheet2

2008

350520100.00%

20.00%

20.00%

148394.23%

6897919.68%

6821419.46%

5322415.18%

37971.08%

6999219.97%

237726.78%

4353312.42%

41661.19%

Sheet3

Chart1

427.79581.81

53.9474.35

2008 1-9

2009 1-9

Sheet1

20052006200720081H2009

Total sales volume575.8721.6879.2938.1609.9

YOY growth25.32%21.84%6.70%17.70%

1H20081H2009YOY growth

Sedan266.8324.421.59%

Sedan

Dongfeng Nissan PV Company Most Shining Star in the marketDongfeng Honda Co., benefits from best-selling models Dongfeng Peugeot Citroen Company:Sees clear signs of recoveryDFG: Major Business Units Record Remarkable PerformanceDongfeng CV sales rebounds MOM7Unit:0,000Unit:0,000Unit:0,000Unit:0,0002.626.3412.716.414.85

Chart4

14.09

18.62

DPCA sales volume

Sheet1

20052006200720081H2009

Total sales volume575.8721.6879.2938.1609.9

YOY growth25.32%21.84%6.70%17.70%

1H20081H2009YOY growth

Sedan266.8324.421.59%

Sedan

Steady Growth of Sales Revenue,with Improved Product MixSales Revenue Steadily GrowsPV Sales RevenueCV Sales Revenue8Unit: MN YuanUnit: MN YuanUnit: MN Yuan

Chart4

37896

39046

Revenue

Sheet1

Total industry sales volume

200720082005200620072008

PV629.8675.6PV0.00%0.00%71.63%72.02%

CV249.4262.5CV0.00%0.00%28.37%27.98%

Total879.2938.1

PV sales volume and growth

20072008

PV629.8675.6

PV growth rate0.00%7.27%

PV sales structurevolumePV sales structureproportionPV sales structureproportion

2007200820052006200720082005200620072008

Sedan472.7504.7Sedan0.00%0.00%75.06%74.70%Sedan70.20%73.98%75.06%74.70%

MPV22.619.7MPV0.00%0.00%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%

SUV35.744.8SUV0.00%0.00%5.67%6.63%SUV4.94%4.60%5.67%6.63%

Cross type PV98.8106.4Cross type PV0.00%0.00%15.69%15.75%MPV3.93%3.69%3.59%2.92%

PV total629.8675.6PV total0.00%0.00%100.00%100.00%

CV sales volume

20072008

CV sales volume249.4262.5

CV growth rate22.30%5.25%

Truck sales volume structure

2008

HD truckHD truck54

MD truckMD truck20.7

LD truckLD truck117.6

Mini-vanMini-van36.1

total trucktotal truck228.4

DFG annual sales volume and growth rate

20072008

DFG sales volume95105.8

growth rate26.40%11.42%

20072008

DFG market share10.80%11.30%

DFG PV sales volume and market share

20072008

DFG PV sales volume63.872.7

market share10.1%10.8%

DFG 2008 PV sales structure

sedan

MPV

SUV

DFG PV engine structure

1.6L1.8L

12737917.51%312514.30%178060

20978228.84%14078219.35%350564

16403522.55%164035

147232.02%14723

200102.75%20010

33716146.35%37080150.98%727392

DFG PV engine structure

>1.8L

proportion50.98%

DFG HD truck &MD truck market share

20072008

DFG sales volume15.215.5

industry sales volume72.574.7

20072008

DFG market share20.97%20.75%

20072008

DFG HD truck &MD truck sales volume15.215.5

20072008

DFG LD truck sales volume11.713.1

LD truck market share10.60%11.10%

kinland sales volume

penetration rate per thousand people in 2007

JapanKerea

penetration rate per thousand people in 2007618.9339

20072008

CV distribution network20562083

PV distribution network18972282

Revenue

1H20081H2009

Revenue3789639046

Sheet1

397.1178.7

517.6204

629.8249.4

675.6262.5

PV

CV

Total industry sales volume and sales structure

Sheet2

397.10.214

517.60.3034500126

629.80.2167697063

675.60.0727214989

&A

Page &P

PV

PV growth rate

Sheet3

0.70201511340.20931989920.04937027710.0392947103

0.73976043280.17735703250.04598145290.0369010819

0.7505557320.15687519850.05668466180.0358844077

0.74703966840.15748963880.06631142690.0291592658

Sedan

Cross type PV

SUV

MPV

54

20.7

117.6

36.1

2008

2008 truck sales structure

59.50.407

75.10.2626

950.264

105.80.1142

&A

Page &P

DFG sales volume

growth rate

0.103

0.104

0.108

0.113

DFG market share

35.10.088

49.50.096

63.80.101

72.70.108

&A

Page &P

DFG PV sales volume

market share

58

2.5

12.16

sales volume

DFG 2008 PV sales structure

0

0

0

proportion

DFG PV engine structure

0

0

0

0

DFG HD truck &MD truck sales volume

00

00

00

00

&A

Page &P

DFG LD truck sales volume

LD truck market share

0

0

kinland sales volume

0

0

0

0

penetration rate per thousand people in 2007

&A

Page &P

Revenue

Chart5

24649

30200

Revenue of PV Segment

Sheet1

Total industry sales volume

20052006200720082005200620072008

PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%

CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%

Total575.8721.6879.2938.1

PV sales volume and growth

2005200620072008

PV397.1517.6629.8675.6

PV growth rate21.40%30.35%21.68%7.27%

PV sales structurevolumePV sales structureproportionPV sales structureproportion

200520062007200820052006200720082005200620072008

Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%

MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%

SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%

Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%

PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%

CV sales volume

2005200620072008

CV sales volume178.7204249.4262.5

CV growth rate-0.80%14.15%22.30%5.25%

Truck sales volume structure

20082008

HD truck54HD truck54

MD truck20.7MD truck20.7

LD truck117.6LD truck117.6

Mini-van36.1Mini-van36.1

total truck175.1total truck228.4

DFG annual sales volume and growth rate

2005200620072008

DFG sales volume59.575.195105.8

growth rate40.70%26.26%26.40%11.42%

2005200620072008

DFG market share10.30%10.40%10.80%11.30%

DFG PV sales volume and market share

2005200620072008

DFG PV sales volume35.149.563.872.7

market share8.8%9.6%10.1%10.8%

DFG 2008 PV sales structure

sales volume

sedan58

MPV2.5

SUV12.16

DFG PV engine structure

1.4L1.6L1.8L

194302.67%12737917.51%312514.30%178060

020978228.84%14078219.35%350564

16403522.55%164035

147232.02%14723

200102.75%20010

194302.67%33716146.35%37080150.98%727392

DFG PV engine structure

1.4L1.6L>1.8L

proportion2.67%46.35%50.98%

DFG HD truck &MD truck market share

2005200620072008

DFG sales volume12.811.715.215.5

industry sales volume43.150.972.574.7

2005200620072008

DFG market share29.70%22.99%20.97%20.75%

2005200620072008

DFG HD truck &MD truck sales volume12.811.715.215.5

2005200620072008

DFG LD truck sales volume8.310.111.713.1

LD truck market share9.70%10.60%10.60%11.10%

20072008

kinland sales volume2.24.01

penetration rate per thousand people in 2007

ChinaAmericanJapanKerea

penetration rate per thousand people in 200733817.2618.9339

2005200620072008

CV distribution network628206620562083

PV distribution network699121918972282

revenue

2005200620072008

revenue41735482645931870569

revenue growth rate27.5%15.6%22.9%19.0%

revenue of PV segment

1H20081H2009

Revenue of PV Segment2464930200

revenue of CV segment

20072008

revenue of CV segment1690120980

Sheet1

397.1178.7

517.6204

629.8249.4

675.6262.5

PV

CV

Total industry sales volume and sales structure

Sheet2

397.10.214

517.60.3034500126

629.80.2167697063

675.60.0727214989

&A

Page &P

PV

PV growth rate

Sheet3

0.70201511340.20931989920.04937027710.0392947103

0.73976043280.17735703250.04598145290.0369010819

0.7505557320.15687519850.05668466180.0358844077

0.74703966840.15748963880.06631142690.0291592658

Sedan

Cross type PV

SUV

MPV

54

20.7

117.6

36.1

2008

2008 truck sales structure

59.50.407

75.10.2626

950.264

105.80.1142

&A

Page &P

DFG sales volume

growth rate

0.103

0.104

0.108

0.113

DFG market share

35.10.088

49.50.096

63.80.101

72.70.108

&A

Page &P

DFG PV sales volume

market share

58

2.5

12.16

sales volume

DFG 2008 PV sales structure

0

0

0

proportion

DFG PV engine structure

0

0

0

0

DFG HD truck &MD truck sales volume

8.30.097

10.10.106

11.70.106

13.10.111

&A

Page &P

DFG LD truck sales volume

LD truck market share

2.2

4.01

kinland sales volume

33

817.2

618.9

339

penetration rate per thousand people in 2007

&A

Page &P

revenue

revenue growth rate

Revenue of PV Segment

Chart6

12785

8482

revenue of CV segment

Sheet1

Total industry sales volume

20052006200720082005200620072008

PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%

CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%

Total575.8721.6879.2938.1

PV sales volume and growth

2005200620072008

PV397.1517.6629.8675.6

PV growth rate21.40%30.35%21.68%7.27%

PV sales structurevolumePV sales structureproportionPV sales structureproportion

200520062007200820052006200720082005200620072008

Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%

MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%

SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%

Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%

PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%

CV sales volume

2005200620072008

CV sales volume178.7204249.4262.5

CV growth rate-0.80%14.15%22.30%5.25%

Truck sales volume structure

20082008

HD truck54HD truck54

MD truck20.7MD truck20.7

LD truck117.6LD truck117.6

Mini-van36.1Mini-van36.1

total truck175.1total truck228.4

DFG annual sales volume and growth rate

2005200620072008

DFG sales volume59.575.195105.8

growth rate40.70%26.26%26.40%11.42%

2005200620072008

DFG market share10.30%10.40%10.80%11.30%

DFG PV sales volume and market share

2005200620072008

DFG PV sales volume35.149.563.872.7

market share8.8%9.6%10.1%10.8%

DFG 2008 PV sales structure

sales volume

sedan58

MPV2.5

SUV12.16

DFG PV engine structure

1.4L1.6L1.8L

194302.67%12737917.51%312514.30%178060

020978228.84%14078219.35%350564

16403522.55%164035

147232.02%14723

200102.75%20010

194302.67%33716146.35%37080150.98%727392

DFG PV engine structure

1.4L1.6L>1.8L

proportion2.67%46.35%50.98%

DFG HD truck &MD truck market share

2005200620072008

DFG sales volume12.811.715.215.5

industry sales volume43.150.972.574.7

2005200620072008

DFG market share29.70%22.99%20.97%20.75%

2005200620072008

DFG HD truck &MD truck sales volume12.811.715.215.5

2005200620072008

DFG LD truck sales volume8.310.111.713.1

LD truck market share9.70%10.60%10.60%11.10%

20072008

kinland sales volume2.24.01

penetration rate per thousand people in 2007

ChinaAmericanJapanKerea

penetration rate per thousand people in 200733817.2618.9339

2005200620072008

CV distribution network628206620562083

PV distribution network699121918972282

revenue

2005200620072008

revenue41735482645931870569

revenue growth rate27.5%15.6%22.9%19.0%

revenue of PV segment

1H20081H2009

revenue of CV segment127858482

Revenue of CV Segment

20072008

Revenue of CV Segment1690120980

Sheet1

397.1178.7

517.6204

629.8249.4

675.6262.5

PV

CV

Total industry sales volume and sales structure

Sheet2

397.10.214

517.60.3034500126

629.80.2167697063

675.60.0727214989

&A

Page &P

PV

PV growth rate

Sheet3

0.70201511340.20931989920.04937027710.0392947103

0.73976043280.17735703250.04598145290.0369010819

0.7505557320.15687519850.05668466180.0358844077

0.74703966840.15748963880.06631142690.0291592658

Sedan

Cross type PV

SUV

MPV

54

20.7

117.6

36.1

2008

2008 truck sales structure

59.50.407

75.10.2626

950.264

105.80.1142

&A

Page &P

DFG sales volume

growth rate

0.103

0.104

0.108

0.113

DFG market share

35.10.088

49.50.096

63.80.101

72.70.108

&A

Page &P

DFG PV sales volume

market share

58

2.5

12.16

sales volume

DFG 2008 PV sales structure

0

0

0

proportion

DFG PV engine structure

0

0

0

0

DFG HD truck &MD truck sales volume

8.30.097

10.10.106

11.70.106

13.10.111

&A

Page &P

DFG LD truck sales volume

LD truck market share

2.2

4.01

kinland sales volume

33

817.2

618.9

339

penetration rate per thousand people in 2007

&A

Page &P

revenue

revenue growth rate

revenue of CV segment

Constant Improvement of ProfitabilityGross Profit and Gross MarginEBIT and EBIT RateNet Profit and NP Margin (Recurring) ROERecurring Unit: MN YuanUnit: MN YuanUnit: MN YuanUnit: MN Yuan9

Chart4

122070.158

142880.176

177130.203

213660.207

235830.232

Shareholders` Equity

ROE

Sheet1

20052006200720081H2009

Total sales volume575.8721.6879.2938.1609.9

YOY growth25.32%21.84%6.70%17.70%

1H20081H2009YOY growth

Sedan266.8324.421.59%

Sedan

Outlook of DFG and PRC Auto Industry in 200910

Break-out Demand in Mid-west Regions Outlook of PRC Auto Industry in 2009Unit:US$Unit / per thousand peopleConstant Increase of Consumer Affordability Great Growth Potential for PV in China

Sales Volume Forecast for 2009

11

Chart1

945

1041

1135

1273

1490

1739

2052

2553

3000

Per Capita GDP -China

>3000

Sheet1

2000010203040506073Q080809

8.00%7.30%8.00%9.10%10.10%10.40%10.70%11.40%9.90%9.00%8%

200120022003200420052006200712345678910111220082009.12009.2

PPI-1.3%-2.2%2.3%6.1%4.9%3.2%3.1%6.1%6.6%8.0%8.1%8.2%8.8%10.0%10.1%9.1%6.6%2.0%-1.1%6.9%-3.3%-4.5%

200510493

2006114158.79%

20071378617.20%

1H2008806514.40%

09.1-2-11.80%13.20%

09.1-1-13.79%11.70%

08.1-123.48%14.48%

1-115.60%15.40%

1-107.20%16.10%

1-97.60%16.10%

1-86.60%15.70%

1-76.50%15.60%

1-67.40%15.20%

1-58.11%14.90%

1-48.59%14.00%

1-39.13%12.70%

1-210.52%11.80%

1-112.80%9.60%

07.1-1211.52%15.41%

1-1115.81%17.30%

1-1015.42%17.50%

1-916.41%17.40%

1-817.23%17.40%

1-716.65%17.10%

1-620.10%22.50%

1-515.76%15.70%

1-416.33%15.40%

1-317.33%15.30%

1-216.25%15.40%

1-118.29%16.60%

06.1-128.11%10.97%

1-1110.55%12.00%

1-1010.76%11.80%

1-910.31%11.60%

1-89.81%11.30%

1-79.19%11.30%

1-69.25%11.40%

1-59.95%11.30%

1-48.78%11.10%

1-38.48%11.70%

1-26.72%10.30%

06.1-11.57%11.10%

1-21-31-41-51-61-71-81-91-101-111-12

200723.4%25.3%25.5%25.9%26.6%26.6%26.7%26.4%26.9%26.8%24.8%

200824.3%25.9%25.7%25.6%26.8%27.3%27.4%27.6%27.2%26.8%25.5%

200926.50%

200120022003200420052006200712345678910111220082009.12009.2

CPI0.7%-0.8%1.2%3.9%1.8%1.5%4.8%7.1%8.7%8.3%8.5%7.7%7.1%6.3%4.9%4.6%4.0%2.4%1.2%5.9%1.0%-1.6%

123456789101112

2007158.8237.3968.7168.8224.5269.1243.6249.7239.1270.5262.8226.9

2008194.985.55134.07166.77202.1213.5252.8286.9293352.39400.9340

0822.73%-63.96%95.15%-1.20%-9.98%-20.66%3.78%14.90%22.54%30.27%52.55%49.85%

200939148.41

09

123456789101112

2008194.985.55134.07166.77202.1213.5252.8286.9293352.39400.9340

200939148.41

09100.62%-43.41%

2005200620072008

10493114151378615785

8.79%17.20%14.50%

GDP200020012002200320042005200620072008

RMB 99214.6109655.2120332.7135822.8159878.3183084.8209407249530.6300670

200020012002200320042005200620072008

Per Capita GDP -China94510411135127314901739205225533000

GDPRMB7858862293981054212336140401602418868

200812311=6.8346

200020012002200320042005200620072008

6280686077038472942210493117591378615781D

7.28%9.24%12.29%9.98%11.21%11.37%12.07%17.24%14.47%

1mm3mm

Jan-075,0794,130

Feb-075,0874,329

Mar-075,0574,325

Apr-074,9674,295

May-075,0214,339

Jun-074,8554,126

Jul-074,7304,016

Aug-074,9024,113

Sep-075,2704,379

Oct-075,2104,300

Nov-075,1694,501

Dec-075,5474,844

Jan-085,7444,976

Feb-086,1365,156

Mar-086,5405,372

Apr-086,6065,438

May-087,0555,774

Jun-087,3806,003

Jul-087,2026,107

Aug-086,6015,917

Sep-086,2385,251

Oct-084,9273,886

Nov-084,1573,523

Dec-084,3843,726

2-Jan-0945444020

1-Feb-0945564168

123456789101112

1096.6873.71088.51187.11204.91215.31366.81348.71364128311491111.6

194.985.6134.1166.8202.1213.5252.8286.9293352.4400.9340

66667623

Sheet1

0

0

0

0

0

0

0

0

0

0

GDP

Sheet2

00

00

00

00

&A

Page &P

Sheet3

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

PPI

000

000

000

000

000

000

000

000

000

000

000

2007

2008

2009

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

CPI

000

000

000

000

000

000

000

000

000

000

000

000

&A

Page &P

2007

2008

08

00

00

00

00

&A

Page &P

945

1041

1135

1273

1490

1739

2052

2553

3000

GDPUSD

>3000

5078.54130

5087.33333333334328.6666666667

5056.66666666674325.2380952381

4966.95652173914294.7826086956

5020.55555555564338.8888888889

48554126

4729.56521739134016.0869565217

4901.73913043484113.4782608696

5270.45454545464378.6363636364

5210.43478260874300

5169.09090909094501.3636363636

5546.66666666674844.2857142857

5744.09090909094975.9090909091

6135.88235294125155.8823529412

6539.52380952385372.380952381

6605.90909090915437.7272727273

7055.23809523815774.2857142857

73806003.3333333333

7202.17391304356106.5217391304

6600.71428571435916.9047619048

6237.72727272735251.3636363636

4927.39130434783886.0869565217

4156.53522.5

4384.3478260873725.652173913

45444020

45564168

1mm

3mm

000

000

000

000

000

000

000

000

000

000

000

000

&A

Page &P

2008

2009

09

62800.0728

68600.0923566879

77030.1228862974

84720.0998312346

94220.1121340888

104930.1136701337

117590.1206518631

137860.1723786036

157810.1447120267

&A

Page &P

00

00

00

00

00

00

00

00

00

00

00

00

2008

Chart1

575.8

621.6

879.2

938.1

1200

Total Industry Sales Volume

1200

Sheet1

Total industry sales volume

20052006200720082005200620072008

PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%

CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%

Total575.8721.6879.2938.1

PV sales volume and growth

2005200620072008

PV397.1517.6629.8675.6

PV growth rate21.40%30.35%21.68%7.27%

PV sales structurevolumePV sales structureproportionPV sales structureproportion

200520062007200820052006200720082005200620072008

Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%

MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%

SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%

Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%

PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%

CV sales volume

2005200620072008

CV sales volume178.7204249.4262.5

CV growth rate-0.80%14.15%22.30%5.25%

Truck sales volume structure

20082008

HD truck54HD truck54

MD truck20.7MD truck20.7

LD truck117.6LD truck117.6

Mini-van36.1Mini-van36.1

total truck175.1total truck228.4

DFG annual sales volume and growth rate

2005200620072008

DFG sales volume59.575.195105.8

growth rate40.70%26.26%26.40%11.42%

2005200620072008

DFG market share10.30%10.40%10.80%11.30%

DFG PV sales volume and market share

2005200620072008

DFG PV sales volume35.149.563.872.7

market share8.8%9.6%10.1%10.8%

DFG 2008 PV sales structure

sales volume

sedan58

MPV2.5

SUV12.16

DFG PV engine structure

1.4L1.6L1.8L

194302.67%12737917.51%312514.30%178060

020978228.84%14078219.35%350564

16403522.55%164035

147232.02%14723

200102.75%20010

194302.67%33716146.35%37080150.98%727392

DFG PV engine structure

1.4L1.6L>1.8L

proportion2.67%46.35%50.98%

DFG HD truck &MD truck market share

2005200620072008

DFG sales volume12.811.715.215.5

industry sales volume43.150.972.574.7

2005200620072008

DFG market share29.70%22.99%20.97%20.75%

2005200620072008

DFG HD truck &MD truck sales volume12.811.715.215.5

2005200620072008

DFG LD truck sales volume8.310.111.713.1

LD truck market share9.70%10.60%10.60%11.10%

20072008

kinland sales volume2.24.01

penetration rate per thousand people in 2007

ChinaAmericanJapanKerea

penetration rate per thousand people in 200733817.2618.9339

2005200620072008

CV distribution network628206620562083

PV distribution network699121918972282

revenue

2005200620072008

revenue41735482645931870569

revenue growth rate27.5%15.6%22.9%19.0%

revenue of PV segment

20072008

revenue of PV segment4165548660

revenue of CV segment

20072008

revenue of CV segment1690120980

total industry sales volume

20052006200720082009E

Total Industry Sales Volume575.8621.6879.2938.11200

Sheet1

00

00

00

00

PV

CV

Total industry sales volume and sales structure

Sheet2

00

00

00

00

&A

Page &P

PV

PV growth rate

Sheet3

0000

0000

0000

0000

Sedan

Cross type PV

SUV

MPV

0

0

0

0

2008

2008 truck sales structure

00

00

00

00

&A

Page &P

DFG sales volume

growth rate

0

0

0

0

DFG market share

00

00

00

00

&A

Page &P

DFG PV sales volume

market share

0

0

0

sales volume

DFG 2008 PV sales structure

0

0

0

proportion

DFG PV engine structure

0

0

0

0

DFG HD truck &MD truck sales volume

00

00

00

00

&A

Page &P

DFG LD truck sales volume

LD truck market share

0

0

kinland sales volume

0

0

0

0

penetration rate per thousand people in 2007

00

00

00

00

&A

Page &P

revenue

revenue growth rate

revenue of PV segment

Total Industry Sales Volume

Chart1

33

817.2

618.9

339

Penetration Rate Per thousand People in 2007

Sheet1

Total industry sales volume

20052006200720082005200620072008

PV397.1517.6629.8675.6PV68.96%71.73%71.63%72.02%

CV178.7204249.4262.5CV31.04%28.27%28.37%27.98%

Total575.8721.6879.2938.1

PV sales volume and growth

2005200620072008

PV397.1517.6629.8675.6

PV growth rate21.40%30.35%21.68%7.27%

PV sales structurevolumePV sales structureproportionPV sales structureproportion

200520062007200820052006200720082005200620072008

Sedan278.7382.9472.7504.7Sedan70.20%73.98%75.06%74.70%Sedan70.20%73.98%75.06%74.70%

MPV15.619.122.619.7MPV3.93%3.69%3.59%2.92%Cross type PV20.93%17.74%15.69%15.75%

SUV19.623.835.744.8SUV4.94%4.60%5.67%6.63%SUV4.94%4.60%5.67%6.63%

Cross type PV83.191.898.8106.4Cross type PV20.93%17.74%15.69%15.75%MPV3.93%3.69%3.59%2.92%

PV total397517.6629.8675.6PV total100.00%100.00%100.00%100.00%

CV sales volume

2005200620072008

CV sales volume178.7204249.4262.5

CV growth rate-0.80%14.15%22.30%5.25%

Truck sales volume structure

20082008

HD truck54HD truck54

MD truck20.7MD truck20.7

LD truck117.6LD truck117.6

Mini-van36.1Mini-van36.1

total truck175.1total truck228.4

DFG annual sales volume and growth rate

2005200620072008

DFG sales volume59.575.195105.8

growth rate40.70%26.26%26.40%11.42%

2005200620072008

DFG market share10.30%10.40%10.80%11.30%

DFG PV sales volume and market share

2005200620072008

DFG PV sales volume35.149.563.872.7

market share8.8%9.6%10.1%10.8%

DFG 2008 PV sales structure

sales volume

sedan58

MPV2.5

SUV12.16

DFG PV engine structure

1.4L1.6L1.8L

194302.67%12737917.51%312514.30%178060

020978228.84%14078219.35%350564

16403522.55%164035

147232.02%14723

200102.75%20010

194302.67%33716146.35%37080150.98%727392

DFG PV engine structure

1.4L1.6L>1.8L

proportion2.67%46.35%50.98%

DFG HD truck &MD truck market share

2005200620072008

DFG sales volume12.811.715.215.5

industry sales volume43.150.972.574.7

2005200620072008

DFG market share29.70%22.99%20.97%20.75%

2005200620072008

DFG HD truck &MD truck sales volume12.811.715.215.5

2005200620072008

DFG LD truck sales volume8.310.111.713.1

LD truck market share9.70%10.60%10.60%11.10%

20072008

kinland sales volume2.24.01

penetration rate per thousand people in 2007

penetration rate per thousand people in 2007ChinaAmericaJapanKorea

Penetration Rate Per thousand People in 200733817.2618.9339

Sheet1

397.1178.7

517.6204

629.8249.4

675.6262.5

PV

CV

Total industry sales volume and sales structure

Sheet2

397.10.214

517.60.3034500126

629.80.2167697063

675.60.0727214989

&A

Page &P

PV

PV growth rate

Sheet3

0.70201511340.20931989920.04937027710.0392947103

0.73976043280.17735703250.04598145290.0369010819

0.7505557320.15687519850.05668466180.0358844077

0.74703966840.15748963880.06631142690.0291592658

Sedan

Cross type PV

SUV

MPV

54

20.7

117.6

36.1

2008

2008 truck sales structure

59.50.407

75.10.2626

950.264

105.80.1142

&A

Page &P

DFG sales volume

growth rate

0.103

0.104

0.108

0.113

DFG market share

35.10.088

49.50.096

63.80.101

72.70.108

&A

Page &P

DFG PV sales volume

market share

58

2.5

12.16

sales volume

DFG 2008 PV sales structure

0

0

0

proportion

DFG PV engine structure

0

0

0

0

DFG HD truck &MD truck sales volume

00

00

00

00

&A

Page &P

DFG LD truck sales volume

LD truck market share

kinland sales volume

Penetration Rate Per thousand People in 2007

Chart2

0.0780.366

0.1620.075

0.0560.014

0.071-0.066

0.0990.249

0.1120.379

0.0630.401

0.0870.287

0.0850.244

0.1350.437

0.0930.096

0.1130.327

0.1280.248

0.1180.38

0.1060.648

0.1350.615

0.1620.346

0.1180.547

0.0770.415

0.1260.382

0.0630.158

0.0610.722

0.070.627

0.0850.232

0.1030.033

0.1150.327

0.1170.398

0.0890.499

1H09GDP

1-8

DFG

091208120912081209109209212

DFG151357156354398339091.90%4264375620082218

58392468841537117231.10%1771134714.10%20091721

31198307328217686.86%94771914.14%

275572454872561418.17%85462116.81%

20091-1020081-10%40,08740,057

DFG114020389173327.86%136206147271-7.51%

42246027689152.57%5041951688-2.46%1.4L1.6L1.8L

20964715513135.14%2343927473-14.68%2571314838512110

16855013698423.04%2005521516-6.79%0231573140467

11176030123527-14.60%148495

20091-911685

16902

1.4L1.6L1.4L1DFG25713379958329659

1.6L82

1.6L55385

3071.6L2.0L1.6L42869

2.0L4484

2061.4L1.6L1.4L1730

1.6L17431.4L1.6L1.8L

1.6L2.0L1.6L19841659

2.0L1706257133.46%14838519.96%121101.63%186208

2.0L3109023157331.15%14046718.89%372040

C21.4L1.6L1.4L319714849519.97%148495

1.6L912116851.57%11685

1.6L2.0L1.6L39110169022.27%16902

8164

2.0L4517257133.46%37995851.10%32965944.34%743494

2071.4L1.6L1.4L20785

1.6L6300

186208

2008123456789

2.0L3.5L2.0L18368DFG1.6L49.02%50.85%51.91%53.15%54.76%56.05%55.09%54.36%55.52%54.56%

2.3L0

2.5L57140

3.5L10442008123456789

/1.6L1189761.6L59.84%56.19%57.95%58.85%61.43%63.02%61.59%60.46%62.33%62.24%

1.6L73157

1.6L2.0L)1.6L37832

2.0L22754

1.8L1.8L14672008123456789

1.61.6L01.6L82.45%92.54%93.64%94.43%93.96%94.14%93.61%93.40%93.52%93.50%

1.6L-2.0L1.6L1608

2.0L23456

2.0L-2.5L2.0L2042

2.5L14196

372040

2.0L

2.4L2.5L

2.4L

3.3L

11685

1.8L70722

CRV2.0L2.4L77773

148495

1.8L16902

2.0L

1.6L8164

200910200812345678910

10101010DFG71.23%61.75%52%39.87%35.16%34.88%31.51%32.56%33.92%29.25%32.27%

DFG1362064395732.27%50.83%32.43%29.60%23.25%16.51%12.17%12.67%14.75%13.78%10.98%12.36%

DFL891363566740.01%147.87%246.62%118.15%74.75%80.32%96.54%88.29%91.38%89.09%79.68%88.73%

DFG1006881244112.36%

5041928925.74%

23439603125.73%

200552401.20%

3012124041.17%

355183151688.73%

1994622430112.45%

187711034555.11%

DFG200910

20091-1020081-10%40,08740,057

114020389173327.86%136206147271-7.51%

84418359898940.93%100688108115-6.87%

67677348052340.84%8240788538-6.92%

MPV23356222914.78%28493025-5.82%

SUV1440549617549.78%1543216552-6.77%

2960202927441.12%3551839156-9.29%

2634882554833.13%3240335605-8.99%

8654997223-10.98%1269713341-4.83%

4200145538-7.77%46595427-14.15%

13493811272219.71%1504716837-10.63%

3253237261-12.69%31153551-12.28%

20091-10/20081-10/

DFG114.0289.1727.87%

DFL74.5259.2825.71%

DFG84.4259.9040.93%

42.2527.6952.58%

DPCA20.9715.5135.20%

WDHAC16.8613.7023.05%

PV1.180.00

DFG29.6029.271.11%

15.4816.90-8.38%

DFACZNA16.8014.7014.30%

DFAC12.3310.9013.15%

ZNA4.463.7917.68%

28.9626.2710.26%

10.2515.24-32.74%

2007DFG

200723456789101112200823456789101112

2008DFG

39,4482345678910111239,81423456789

DFG3.12.123.224.444.244.654.113.84.592.040.330.421.672.234.435.854.746.377.755.838.01

1Q20082Q20083Q20084Q20081Q2009

DFG8.4413.3312.52.798.33

2008DFL

39,4482345678910111239,81423456789

DFL0.910.180.422.231.832.81.621.52.40.33-0.240.610.280.842.263.53.543.445.73.363.9

1Q20082Q20083Q20084Q20081Q2009

DFL1.516.865.520.73.38

2008

39,4482345678910111239,81423456789

0.470.430.790.040.060.30.10.090.0150.11-0.75-1.30.080.010.110.250.130.320.270.51

1Q20082Q20083Q20084Q20081Q2009

1.690.40.205-1.940.2

2008

39,4482345678910111239,81423456789

1.180.841.441.471.521.421.781.461.521.061.21.21.111.11.391.221.341.921.71.611.96

1Q20082Q20083Q20084Q20081Q2009

3.464.414.763.463.6

2008

39,4482345678910111239,81423456789

0.550.610.970.950.710.670.80.540.680.720.48-0.040.330.370.750.660.620.640.590.731.07

1Q20082Q20083Q20084Q20081Q2009

2.132.332.021.161.45

1Q20082Q20083Q20084Q20081Q20092Q2009

DFG8.4413.3312.52.798.3316.96

1Q20082Q20083Q20084Q20081Q2009

DFL1.516.865.520.73.38

1Q20082Q20083Q20084Q20081Q2009

1.690.40.205-1.940.2

1Q20082Q20083Q20084Q20081Q2009

3.464.414.763.463.6

1Q20082Q20083Q20084Q20081Q2009

2.132.332.021.161.45

2009 1-82008 1-8

7004819-85.47%

438611273-61.09%

2397-76.29%

221838-98.80%

9042280-60.35%

520.00%152

1341273-89.47%

DFG454818466-75.37%

93168-44.64%

835080413.84%

29711191149.45%

1169824395-52.05%

DFG

0.4902

0.5085

0.5191

0.5315

0.5476

0.5605

0.5509

0.5436

0.5552

0.5456

DFG1.6L

DFG

DFG

DFL

0

0

0

0

0

0

DFG

0.5984

0.5619

0.5795

0.5885

0.6143

0.6302

0.6159

0.6046

0.6233

0.6224

1.6L

0.8245

0.9254

0.9364

0.9443

0.9396

0.9414

0.9361

0.934

0.9352

0.935

1.6L

Jan-04Feb-04Mar-04Apr-04May-04Jun-04Jul-04Aug-04Sep-04Oct-04Nov-04Dec-04Jan-05Feb-05Mar-05Apr-05May-05Jun-05Jul-05Aug-05Sep-05Oct-05Nov-05Dec-05Jan-06Feb-06Mar-06Apr-06May-06Jun-06Jul-06Aug-06Sep-06Oct-06Nov-06Dec-06Jan-07Feb-07Mar-07Apr-07May-07Jun-07Jul-07Aug-07Sep-07Oct-07Nov-07Dec-07Jan-08Feb-08Mar-08Apr-08May-08Jun-08Jul-08Aug-08Sep-08Oct-08Nov-08Dec-08Jan-09Feb-09

3033134322465459484941383960223820023437383820724649403760234640004872063586973264495825505368384700075176974333324159664960944518095500086208855300774799537214646729475674665575974670865280876349935763486889627585787171025533818471778087017135957268796409586716427728106923078009448392958593886635441056573922634835538836814665854629,017751,531715,665685,154741,594735,865827,550

-4.01%19.26%-8.93%21.73%12.89%-14.63%-9.46%50.32%-6.72%-15.67%-1.74%-16.23%13.06%20.24%-9.24%19.54%10.10%-5.47%-22.83%53.09%-4.54%-11.76%1.86%-11.82%4.79%15.06%-10.42%15.69%4.79%2.39%-22.79%59.23%-12.68%-9.44%0.15%-20.43%-5.53%19.48%-4.77%-4.26%8.24%-0.77%12.46%

20091-920081-92009 1-92008 1-9

1935489131300047.41%20.03%18.24%

1381288120041615.07%14.30%16.68%

1320581101172030.53%13.67%14.06%

4637358352513631.55%47.99%48.97%

103082868659850.14%10.67%9.54%

91387861491248.62%9.46%8.54%

42566838698310.00%4.41%5.38%

"2370374168849340.38%24.53%23.46%

33760027579722.41%3.49%3.83%

32977226551424.20%3.41%3.69%

290951108996166.94%3.01%1.51%

24776920221822.53%2.56%2.81%

8213824606615435.40%85.01%84.28%

9662719719787234.24%100.00%100.00%

200220062007

6881.315556.217242.02

2001200220032004200520062007

GDP1.08%1.55%1.84%1.98%1.86%2.10%

38945488

209407

2009213173611036180955506213831715105427095

20091-22619362257621629501042018021631198866263

20091-230.24%26.06%18.81%12.03%9.26%3.60%0.00%

2008

200825.92%30.83%

200528.50%23.70%23.30%13.40%11.10%

200628.10%25.70%22.60%13.80%9.80%

200729.50%28.00%22.40%13.70%6.40%

200828.30%30.20%21.70%11.80%8%

2009 1-930.30%26.20%21.10%12.10%10.40%

200809 109 209 309 409 509 609 709 809 9

28.30%32.20%32.60%31.20%30.30%29.40%29.30%27.60%29.40%30.50%

2.5L

DFG 3Q Sales & Business Arrangements for 2009 12 Sales target for Dongfeng Nissan JV is 850,000 units, among which Dongfeng Nissan PV Co., expects to sell 474,000 units, to challenge 50,000 DPCA Expects to sell 246,800 unitsDongfeng Honda Auto Company aims to sell 200,000 unitsDFG 2009 sales target is 1.3 mn units, among which PV: 965,000; CV 335,000 units

1-9 20091-9 2008YOY GrowthDFG Total100399781477223.22%PV74349553942237.83%CV260502275350-5.39%Dongfeng Nissan PV Company37204124463452.08%Dongfeng Peugeot Citroen Co.18620814092232.14%Dongfeng Honda Auto Company14849512634717.53%Dongfeng Own-brand PV8164----

****** **