公告日期：2025-04-30

FAW JIEFANG GROUPCO., LTD

Annual Report 2024

March 2025

Chairman’s Address

2024 marks the 75th anniversary of the founding of the
People's Republic of China and represents a critical year in the
implementation of the 14th Five-Year Plan. FAW Jiefang has
thoroughly implemented the guiding principles from the 20th
National Congress of the CPC and the Second and Third
PlenarySessions of the 20th Central Committee. Despite facing
multiple challenges including weak demand in the commercial
truck industry and profound market restructuring, our entire
workforce has confronted these difficulties head-on, persevered
through hardships, performed under pressure, and continued to
forge ahead. We have overcome numerous obstacles, achieved
remarkable results, and made breakthrough progress despite
Chairman and CPC Secretary adverse market conditions.

of FAW Jiefang

Li Sheng

Boldly confronting markets,winningin retail sectors, and reinforcingourindustry-leading
position. With extraordinary determination, exceptional measures, and remarkable effort, we
achieved annual vehicle sales of 251.1 thousand units, representing a 3.90% year-on-year increase.
Our medium and heavy truck sales reached 214 thousand units with a market share of 26.60%,
maintaining our position as China's market leader for nine consecutive years. In overseas markets,
despite downturns in keyregions, we exported 57 thousand vehicles - a 27.40% year-on-year increase
- achieving record-high sales with the industry's fastest growth rate. Our new energy vehicle segment
capitalized on market opportunities with sales of 15.9 thousa……
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