New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Tillkännagivande • Jun 26
Baic Motor Corporation Limited Appoints Tolga Oktay as A Non-Executive Director, Effective June 25, 2026 BAIC Motor Corporation Limited held the 2025 annual general meeting, the 2026 first domestic shareholders class meeting and the 2026 first H shareholders class meeting on June 25, 2026. The Company announced that at the AGM, Mr. Tolga Oktay was appointed as a non-executive Director for a term commencing from June 25, 2026 until the expiration of the term of the fifth session of the Board. The biographical details of Mr. Tolga Oktay are set out in page 6 of the Circular. Save as disclosed in the biographical details of Mr. Tolga Oktay in the Circular, he confirmed that, (i) he does not hold any other positions in the Company or any of its subsidiaries and also has not served as a director in any other listed companies in the past three years; (ii) he does not have any relationship with any other directors, supervisors, senior management or substantial or controlling shareholders of the Company or any of its subsidiaries; (iii) he does not have any interest in any shares of the Company within the meaning of Part XV of the SFO (Chapter 571 of the Laws of Hong Kong) as at the date of this announcement; (iv) there is no other information that needs to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules; and (v) there are no other matters concerning the appointment of him as a Director that need to be brought to the attention of the Shareholders. As at the date of this announcement, the Board comprised Mr. Zhang Guofu, as Chairman of the Board and non-executive Director; Mr. Gu Xin, as non-executive Director; Mr. Chen Geng and Ms. Zheng Mingying, as executive Directors; Mr. Ye Qian, Mr. Paul Gao, Mr. Tolga Oktay, Mr. Gu Tiemin and Mr. Zhou Jianyu, as non-executive Directors; Ms. Yin Yuanping, Mr. Xu Xiangyang, Mr. Tang Jun, Mr. Edmund Sit and Mr. Ji Xuehong, as independent non-executive Directors; and Mr. Zhao Jinlun, as employee representative Director. Tillkännagivande • Jun 24
BAIC Motor Corporation Limited Announces Gu Tiemin Will No Longer Be Non-Executive Director and Member of the Remuneration Committee The board of directors of BAIC Motor Corporation Limited held a meeting on 23 June 2026 and hereby announces that, due to work adjustment, Mr. Gu Tiemin will no longer be a non-executive Director and a member of the remuneration committee of the Board (the "Remuneration Committee"). The above changes shall take effect from the date of approval of the appointment of a new Director. Mr. Gu Tiemin confirmed that he had no disagreement with the Board in any respect and there were no other matters relating to his resignation that would need to be brought to the attention of the shareholders of the Company (the "Shareholders"). Tillkännagivande • May 26
BAIC Motor Corporation Limited, Annual General Meeting, Jun 25, 2026 BAIC Motor Corporation Limited, Annual General Meeting, Jun 25, 2026, at 09:30 China Standard Time. Location: multi-purpose hall, 1st floor, the south tower of beijing automotive, industry research and development base, no. 99 shuanghe street, shunyi district, beijing China Tillkännagivande • Apr 15
BAIC Motor Corporation Limited to Report Q1, 2026 Results on Apr 27, 2026 BAIC Motor Corporation Limited announced that they will report Q1, 2026 results on Apr 27, 2026 Tillkännagivande • Mar 13
BAIC Motor Corporation Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 BAIC Motor Corporation Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Tillkännagivande • Dec 31
BAIC Motor Corporation Limited Approves Appointment of Directors, Effective 29 December 2025 BAIC Motor Corporation Limited at its EGM held on 29 December 2025, approved the appointment of Mr. Gu Xin, Mr. Chen Geng and Mr. Zhu Yan as a non-executive Director of the Company, all for a term commencing from 29 December 2025 until the expiration of the term of the fifth session of the Board. Reference is made to the announcement of the Company dated 30 November 2025. The Board's appointments of (i) Mr. Gu Xin as a member of each of the Strategy and Sustainability Committee and the Audit Committee; (ii) Mr. Chen Geng as a member of each of the Strategy and Sustainability Committee, the Remuneration Committee and the Nomination Committee; and (iii) Ms. Zhu Yan as a member of the Strategy and Sustainability Committee became effective on 29 December 2025, all for a term commencing from 29 December 2025 until the expiration of the term of the fifth session of the Board. The Company announced that Mr. Zhao Jinlun has been elected as an employee representative Director at an employees' representative meeting of the Company, for a term commencing from 29 December 2025 until the expiration of the term of the fifth session of the Board. Mr. Zhao Jinlun, born in April 1976, holds a master's degree in business administration and is a senior political engineer and a senior engineer. He is currently the deputy party secretary and the chairman of the labor union of the Company. Mr. Zhao Jinlun possesses extensive professional and managerial experience in the automotive industry. He has served as the vice chairman of the labor union and the director of the work department of the labor union of BAIC Group, the deputy party secretary, the executive deputy general manager and the chairman of the labor union of Beijing Beiqi Hengsheng Real Estate Co. Ltd., the deputy party secretary, the secretary of the discipline committee and the chairman of the labor union of BAIC BluePark New Energy Technology Co. Ltd. (), the deputy secretary of the information center of BAIC Group and the deputy general manager and the chairman of the labor union of BAIC BluePark Information Technology Co. Ltd., the deputy secretary and the vice president of the digital research institute of Beijing Automotive Research Institute Co. Ltd. and other positions. Tillkännagivande • Oct 16
BAIC Motor Corporation Limited to Report Q3, 2025 Results on Oct 28, 2025 BAIC Motor Corporation Limited announced that they will report Q3, 2025 results on Oct 28, 2025 Tillkännagivande • Aug 15
BAIC Motor Corporation Limited to Report First Half, 2025 Results on Aug 26, 2025 BAIC Motor Corporation Limited announced that they will report first half, 2025 results on Aug 26, 2025 Tillkännagivande • May 26
BAIC Motor Corporation Limited, Annual General Meeting, Jun 24, 2025 BAIC Motor Corporation Limited, Annual General Meeting, Jun 24, 2025, at 09:30 China Standard Time. Location: multi-purpose hall, 1st floor, the south tower of beijing automotive, industry research and development base, no. 99 shuanghe street, shunyi district, beijing China Tillkännagivande • Apr 15
BAIC Motor Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025 BAIC Motor Corporation Limited announced that they will report Q1, 2025 results at 12:30 PM, China Standard Time on Apr 29, 2025 Tillkännagivande • Mar 18
BAIC Motor Corporation Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 BAIC Motor Corporation Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 28, 2025 Tillkännagivande • Mar 13
BAIC Motor Corporation Limited Appoints as A Non-Executive Director as Chairman and the Chairman of the Strategy and Sustainability Committee and the Nomination Committee BAIC Motor Corporation Limited at the EGM held on March 13, 2025, Mr. Wang Hao was appointed as a non-executive Director for a term commencing from 13 March 2025 until the expiration of the term of the fifth session
of the Board. The Company will enter into a service contract with Mr. Wang Hao as soon as possible. Mr. Wang Hao will receive salary for his management position in the Company, and will not receive any remuneration
from the Company for his role as an executive Director. On the same date, the Board convened a Board meeting and resolved to appoint Mr. Wang Hao as the Chairman and the chairman of the strategy and sustainability committee and the nomination committee of the Board for a term commencing from 13 March 2025 until the expiration of the term of the fifth session of the Board. Mr. Wang Hao as the Chairman will participate in the daily operation and management of the Company, and the Board resolved to appoint Mr. Wang Hao as an executive Director. Tillkännagivande • Feb 24
BAIC Motor Corporation Limited Announces Resignation of Chen Wei as Chairman of the Board, Non-Executive Director and the Chairman of the Strategy and Sustainability Committee and the Nomination Committee The board of directors of BAIC Motor Corporation Limited announced that Mr. Chen Wei tendered his resignation as the chairman of the Board (the "Chairman"), a non-executive Director and the chairman of the strategy and sustainability committee and the nomination committee of the Board on 19 February 2025 due to work adjustment. Given that the election of the new Chairman is subject to relevant procedures, the resignation will take effect from the date of approval of the appointment of the new Chairman by the shareholders of the Company (the "Shareholders"). Mr. Chen Wei confirmed that he had no disagreement with the Board in any respect and there were no other matters relating to his resignation that would need to be brought to the attention of the Shareholders. Tillkännagivande • Jan 17
BAIC Motor Corporation Limited Announces Resignation of Zhu Yan as Non-Employee Representative Supervisor The board of supervisors of the BAIC Motor Corporation Limited received a resignation statement tendered by Ms. Zhu Yan, a Supervisor. Ms. Zhu has conveyed her request to resign from the position as a non-employee representative Supervisor due to work adjustment with effect from 16 January 2025. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥49.7b (down 10% from 3Q 2023). Net income: CN¥1.12b (down 4.1% from 3Q 2023). Profit margin: 2.3% (up from 2.1% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Tillkännagivande • Oct 28
BAIC Motor Corporation Limited Appoints Zhao Jinlun as Chairman of the Board of Supervisors BAIC Motor Corporation Limited announced that at the meeting of the fifth session of the Board of Supervisors held on 28 October 2024, Mr. Zhao Jinlun was elected as the chairman of the fifth session of the Board of Supervisors for a term commencing from 28 October 2024 until the expiration of the term of the employee representative Supervisors of the fifth session of the Board of Supervisors. Mr. Zhao Jinlun, born in April 1976, holds a master's degree in business administration and is a senior political engineer and an engineer. He is currently the chairman of the Board of Supervisors and an employee representative Supervisor, as well as the deputy party secretary and the chairman of the labor union of the Company. Mr. Zhao Jinlun has more than 20 years of experience in the automotive industry. Since 2000, he has successively served as a technician, the secretary of the youth league committee, the director of the publicity department and the director of the party committee office of Beinei Group Corporation, the director of the general office (the party union working department) of Beijing Automotive Asset Operation and Management Co. Ltd., the deputy party secretary, the secretary of the disciplinary committee and the chairman of the labor union of Beijing Automotive Industry Holding Co. Ltd. Powertrain Company, the deputy party secretary, the secretary of the discipline committee and the chairman of the labor union of Beijing Motor Sales Co. Ltd., the deputy party secretary and the secretary of the discipline committee of the automobile research institute of the Company, the deputy party secretary, the secretary of the discipline committee and the chairman of the labor union of BAIC Motor Powertrain Co. Ltd., the vice chairman of the labor union and the director of the work department of the labor union of Beijing Automotive Group Co. Ltd., the deputy party secretary, the executive deputy general manager and the chairman of the labor union of Beijing Beiqi Hengsheng Real Estate Co. Ltd., the deputy party secretary, the secretary of the discipline committee and the chairman of the labor union of BAIC BluePark New Energy Technology Co. Ltd., the deputy secretary of the information center of BAIC Group and the deputy general manager
and the chairman of the labor union of BAIC BluePark Information Technology Co. Ltd., the deputy secretary and the vice president of the digital research institute of Beijing Automotive Research Institute Co. Ltd. and other positions. Tillkännagivande • Oct 16
BAIC Motor Corporation Limited to Report Q3, 2024 Results on Oct 28, 2024 BAIC Motor Corporation Limited announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Aug 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Tillkännagivande • Aug 26
BAIC Motor Corporation Limited Announces Board and Committee Changes The board of directors of BAIC Motor Corporation Limited announced that, due to work adjustment, Mr. Liu Guanqiao will no longer be a non- executive Director of the Company and a member of the strategy and sustainability committee under the Board (the "Strategy and Sustainability Committee") with effect from 22 August 2024. Mr. Liu Guanqiao confirmed that he had no disagreement with the Board in any respect and there were no other matters relating to his resignation that would need to be brought to the attention of the shareholders of the Company (the "Shareholders"). Buy Or Sell Opportunity • Aug 20
Now 26% overvalued Over the last 90 days, the stock has fallen 11% to €0.23. The fair value is estimated to be €0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.2% per annum. Earnings are forecast to grow by 5.4% per annum over the same time period. Tillkännagivande • Aug 15
BAIC Motor Corporation Limited to Report First Half, 2024 Results on Aug 26, 2024 BAIC Motor Corporation Limited announced that they will report first half, 2024 results on Aug 26, 2024 Tillkännagivande • Jun 24
BAIC Motor Corporation Limited Announces Final Dividend for the Year Ended December 31, 2023, Payable on September 05, 2024 BAIC Motor Corporation Limited announced final dividend of RMB 0.13 per share for the year ended December 31, 2023. Date of shareholders' approval is 24 June 2024; Ex-dividend date is 26 June 2024; Record date is 03 July 2024; Payment date is 05 September 2024. Upcoming Dividend • Jun 19
Upcoming dividend of CN¥0.13 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (6.7%). Declared Dividend • May 26
Dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 26th June 2024 Payment date: 5th September 2024 Dividend yield will be 50%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 25
BAIC Motor Corporation Limited, Annual General Meeting, Jun 24, 2024 BAIC Motor Corporation Limited, Annual General Meeting, Jun 24, 2024, at 09:30 China Standard Time. Location: multi-purpose hall, 1st floor, south tower of beijing automotive industry-, research and development base, no. 99 shuanghe street, shunyi district, beijing China Reported Earnings • Apr 28
First quarter 2024 earnings released First quarter 2024 results: Revenue: CN¥46.5b (down 2.5% from 1Q 2023). Net income: CN¥1.03b (down 29% from 1Q 2023). Profit margin: 2.2% (down from 3.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Auto industry in Germany are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 17
BAIC Motor Corporation Limited to Report Q1, 2024 Results on Apr 26, 2024 BAIC Motor Corporation Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.52 in FY 2022) Full year 2023 results: EPS: CN¥0.38 (down from CN¥0.52 in FY 2022). Revenue: CN¥197.9b (up 3.9% from FY 2022). Net income: CN¥3.03b (down 28% from FY 2022). Profit margin: 1.5% (down from 2.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 13
BAIC Motor Corporation Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 BAIC Motor Corporation Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Feb 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.13 in 3Q 2022). Revenue: CN¥55.4b (down 4.9% from 3Q 2022). Net income: CN¥1.17b (up 11% from 3Q 2022). Profit margin: 2.1% (up from 1.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Auto industry in Germany are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 18
BAIC Motor Corporation Limited to Report Q3, 2023 Results on Oct 30, 2023 BAIC Motor Corporation Limited announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥51.4b (up 35% from 2Q 2022). Net income: CN¥1.39b (up 135% from 2Q 2022). Profit margin: 2.7% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Auto industry in Germany are expected to grow by 3.4%. New Risk • Aug 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Tillkännagivande • Aug 18
BAIC Motor Corporation Limited to Report First Half, 2023 Results on Aug 28, 2023 BAIC Motor Corporation Limited announced that they will report first half, 2023 results on Aug 28, 2023 New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Tillkännagivande • Jun 27
BAIC Motor Corporation Limited Announces Director Appointments BAIC Motor Corporation Limited announced appointment of Mr. Song Wei as non-executive Director and a member of the Strategy Committee under the Board for a term commencing from the 26 June 2023 until the expiration of the term of the fourth session of the Board. Mr. Song Wei, aged 42, holds a master's degree and is a senior engineer and an economist. He is currently the head of the technology and product management department of BAIC Group as well as an alternate member of the 13th Beijing Municipal Committee of the Communist Party of China. Since 2007, Mr. Song Wei had successively served as the supplier quality management engineer and the schedule supervisor of parts and components projects of Beijing Benz Daimler Chrysler Automotive Co. Ltd., the procurement supervisor of exterior decoration, the cost control supervisor as well as the senior manager of projects and cost control of Beijing Benz Automotive Co. Ltd., the head of the procurement projects control department of the procurement center of the Company, the deputy general manager of Off-road Vehicle Branch of BAIC Group, the assistant to the general manager of the off-road vehicle business department of BAIC Group and the deputy director of the procurement center of the Company, a member of the party committee and deputy general manager of BAIC Group Off-road Vehicle Co. Ltd. and the deputy head of the organisation department of the party committee of BAIC Group. Save as disclosed above, Mr. Song Wei confirmed that, he does not hold any other positions in the Company or any of its subsidiaries and also has not served as a director nor a supervisor in any listed companies in the past three years; he does not have any relationships with any other directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Company or any of its subsidiaries; and he does not have any interest in any Shares within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as at the date of this announcement. The Company also announced that at the AGM, Ms. Jiao Feng was appointed as the non-employee representative Supervisor for a term commencing from 26 June 2023 until the expiration of the term of the fourth session of the Board of Supervisors. Ms. Jiao Feng, born in December 1976, aged 47, holds a master's degree in public administration and is a senior auditor. She is currently the head of the audit department, an officer of the inspection office of the party committee and the secretary of the discipline inspection commission of the headquarter of BAIC Group. Since 1999, Ms. Jiao Feng has successively served as the staff member, the deputy chief and the chief of the Beijing Audit Bureau; the senior manager and the assistant to the head of the audit department of BAIC Group; the deputy secretary of the party committee, the secretary of the discipline inspection commission, the chairlady of the labour union of BAIC Group Industrial Investment Co. Ltd.; and the deputy head of the organisation department of the party committee of BAIC Group. Ms. Jiao Feng confirmed that, she does not hold any other positions in the Company or any of its subsidiaries and also has not served as a director nor a supervisor in any other listed companies in the past three years; she does not have any relationship with any other directors, supervisors, senior management or substantial or controlling shareholders of the Company or any of its subsidiaries; and she does not have any interest in any Shares within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as at the date of this announcement. Upcoming Dividend • Jun 21
Upcoming dividend of CN¥0.17 per share at 9.0% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 9.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.1%). Tillkännagivande • May 25
BAIC Motor Corporation Limited, Annual General Meeting, Jun 26, 2023 BAIC Motor Corporation Limited, Annual General Meeting, Jun 26, 2023, at 09:30 China Standard Time. Location: Multi-purpose Hall, 1st Floor, the South Tower of Beijing Automotive Industry Research and Development Base, No. 99 Shuanghe Street, Shunyi Beijing China Agenda: To consider Report of the Board of Directors for 2022; to consider Report of the Board of Supervisors for 2022; to consider Financial Report for 2022; to consider Profits Distribution and Dividends Distribution Plan for 2022; to consider Re-appointment of International Auditor and Domestic Auditor for 2023; to consider Proposed appointment of non-executive director of the Company; and to discuss other matters. Tillkännagivande • May 24
BAIC Motor Corporation Limited Declares Final Dividend for the Year Ended 31 December 2022, Payable on September 15, 2023 BAIC Motor Corporation Limited declared final dividend of RMB 0.17 per share for the year ended December 31, 2022. Payment date 15 September 2023. Record date: 05 July 2023. Ex-dividend date: 28 June 2023. Date of shareholders' approval on 26 June 2023. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.48 in FY 2021) Full year 2022 results: EPS: CN¥0.52 (up from CN¥0.48 in FY 2021). Revenue: CN¥190.5b (up 8.3% from FY 2021). Net income: CN¥4.20b (up 8.8% from FY 2021). Profit margin: 2.2% (in line with FY 2021). Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Auto industry in Germany are expected to grow by 8.3%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.011 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.011 loss in 3Q 2021). Revenue: CN¥58.2b (up 74% from 3Q 2021). Net income: CN¥1.06b (up CN¥1.15b from 3Q 2021). Profit margin: 1.8% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.074 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.074 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥37.9b (down 6.5% from 2Q 2021). Net income: CN¥591.5m (down 41% from 2Q 2021). Profit margin: 1.6% (down from 2.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 12%, compared to a 10% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 27
Upcoming dividend of CN¥0.16 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (6.7%). Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.48 (vs CN¥0.24 in FY 2020) Full year 2021 results: EPS: CN¥0.48 (up from CN¥0.24 in FY 2020). Revenue: CN¥175.9b (flat on FY 2020). Net income: CN¥3.86b (up 101% from FY 2020). Profit margin: 2.2% (up from 1.1% in FY 2020). Over the next year, revenue is forecast to grow 8.8%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 29
Third quarter 2021 earnings released: CN¥0.011 loss per share (vs CN¥0.098 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥33.5b (down 41% from 3Q 2020). Net loss: CN¥88.4m (down 111% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • Sep 30
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.11 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥40.6b (down 9.3% from 2Q 2020). Net income: CN¥997.6m (up 11% from 2Q 2020). Profit margin: 2.5% (up from 2.0% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.11 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥40.6b (down 9.6% from 2Q 2020). Net income: CN¥997.6m (up 14% from 2Q 2020). Profit margin: 2.5% (up from 1.9% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Executive Departure • Jun 22
Non-Executive Director Wei Jin has left the company On the 18th of June, Wei Jin's tenure as Non-Executive Director ended after 2.0 years in the role. We don't have any record of a personal shareholding under Wei's name. A total of 17 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Upcoming Dividend • Jun 15
Upcoming dividend of CN¥0.08 per share Eligible shareholders must have bought the stock before 22 June 2021. Payment date: 03 September 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.0%). Executive Departure • Apr 29
Non-Executive Director has left the company On the 28th of April, Wei Jin's tenure as Non-Executive Director ended after 1.9 years in the role. We don't have any record of a personal shareholding under Wei's name. A total of 17 executives have left over the last 12 months. Executive Departure • Mar 26
Chairman of the Board of Supervisors Zhangfei Gu has left the company On the 24th of March, Zhangfei Gu's tenure in the role of Chairman of the Board of Supervisors ended. We don't have any record of a personal shareholding under Zhangfei's name. A total of 16 executives have left over the last 12 months. Executive Departure • Mar 26
Non-Executive Director has left the company On the 24th of March, Lei Hai's tenure as Non-Executive Director ended after 2.9 years in the role. We don't have any record of a personal shareholding under Lei's name. A total of 16 executives have left over the last 12 months. Executive Departure • Mar 26
Supervisor has left the company On the 24th of March, Shuangshuang Li's tenure as Supervisor ended after 3.3 years in the role. We don't have any record of a personal shareholding under Shuangshuang's name. A total of 16 executives have left over the last 12 months. Executive Departure • Mar 26
Independent Supervisor has left the company On the 24th of March, Minjing Pang's tenure as Independent Supervisor ended after 5.7 years in the role. We don't have any record of a personal shareholding under Minjing's name. A total of 16 executives have left over the last 12 months. Reported Earnings • Mar 20
Third quarter 2020 earnings released: EPS CN¥0.098 (vs CN¥0.13 in 3Q 2019) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2020 results: Revenue: CN¥56.6b (up 13% from 3Q 2019). Net income: CN¥786.1m (down 23% from 3Q 2019). Profit margin: 1.4% (down from 2.0% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 16
New 90-day low: €0.29 The company is down 25% from its price of €0.38 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.49 per share. Is New 90 Day High Low • Dec 01
New 90-day low: €0.30 The company is down 25% from its price of €0.40 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.84 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €0.31 The company is down 25% from its price of €0.41 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.06 per share. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total profits of CN¥1.96b, down 56% from the prior year. Total revenue was CN¥164.4b over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: €0.35 The company is down 12% from its price of €0.40 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.86 per share. 
