A: The Company will firmly grasp the major orientation of progress in science and technology, the bigger picture of market evolution, the general trend of changes in the industry, make a deeper advancement of "new four modernizations—electrification, intelligent networking, sharing and internationalization" strategy, insist in the philosophy of "innovation-leading, breakthrough at key points, promotion with successful experiences in selected units, and advancement in a proper order", deeply lay out and carry forward innovation chain construction while grasping market structured opportunity and promoting operational performance so as to spare no effort to seize vantage ground and commanding height, and accelerate to push the business transformation and upgrading in the process of reconstitution of global automobile industry value chain, striding forward globally competitive and influential comprehensive provider for traffic service and products.
On the research and development end, the Company makes breakthroughs focused on key technologies including new energy and intelligent networking, and keeps creating technical advantages. On the manufacturing end, the Company accelerates digitalized and customized manufacturing method and unceasingly steps towards high-class manufacturing and intelligent manufacturing. On the user end, the Company emphatically breaks through new business models including mobility platform, intelligent logistics and financial services and keeps opening up new space for transformation and development. On the market end, the Company provides capacity to expand domestic and international markets with advantages in innovative technology and services, and keeps improving brand competitiveness and international influence, presenting a brand image of SAIC with innovative vitality, technology charisma and sincere service. The Company is to become a comprehensive supplier of mobility services and products that is globally competitive and influential by 2025, striving to be a world-class automotive enterprise.
A: In 2020, the Company will continue to adhere to work keynote to seek for improvement on a steady basis guided by President Xi Jinping's thought on socialism with Chinese's characteristics for a new era, practicing the concept of new development and the general requirements of "increasing efficiency and quality through market development, witnessing results through innovation and transformation, improving efficiency and quality through deepened reform". The Company also persist in strengthening risk awareness, holding the bottom line of risk, promoting the innovation of the "new four modernizations" and deepening market-oriented reform in a firm way. In this way, the stable and orderly production and operation is ensured on the basis of effective epidemic prevention and control, and the resilience of economic operation is enhanced to provide strong supports for the launch of a new round of innovative development in a persistent way. The Company strives to achieve an annual sales of about 6 million vehicles, maintaining a leading market share in China, and has expected a total operating income of RMB 780 billion and a total operating cost of RMB 678.6 billion for the year 2020.
A: For economic operation, the Company actively grasps the changes in consumption and market opportunities in post-COVID-19 period. Focused on exploiting the market potential on both the "stock" and "incremental", the Company grasps the upgrading of current customers and promotes marketing system changes to maintain the leading superiority in the "stock" market. In addition, the Company strives to develop incremental opportunities in new energy vehicles, international operations and after-market to seize market opportunities.
In terms of innovation and transformation, the Company focuses on enhancing "capacity" and "brand", strengthening the independent control of key technologies, deepening multi-level collaborative innovation to continuously improve core competencies. In addition, the advanced technology, energetic and active model, precise marketing and communication promote the upgrading of the brand.
In terms of deepening the reform, the Company focuses on activating "talent" and revitalizing "assets" resources. By optimizing assessment, focusing on incentives and constraints, the cadre talent team is further activated; and by implementing policies according to the classification, accelerating transformation and improving efficiency, the stock assets and business are further revitalized.
A: In 2019, The Company plans to distribute cash dividends of RMB 8.80 (inclusive of tax) per 10 shares, amounting to RMB 10,281,446,001.20 in total based on total shares of 11,683,461,365. The Company has no plan of capitalization of capital reserve this year. The cash dividend distribution for the recent three years accumulates to RMB 46,383,341,619.05 in total (including the year of 2019).