Share’s 000550 Share’s Jiangling Motors No.： 2026-012
code： 200550 Name： Jiangling B
Jiangling Motors Corporation, Ltd.
Extracts from 2025 Annual Report
§1 Important Note
These extracts are extracted from the original of annual report. Investors
should carefully read the original in the website designated by CSRC for
details of the Company’s operating results, financial status and future
development plans.
All Directors were present at the Board meeting to review this Annual Report.
Note on abnormal opinions of the Auditor
□Applicable ?Not Applicable
Proposal on profit distribution or converting capital reserve to share capital
reviewed by the Board of Directors, regarding common stock during the
reporting period
?Applicable □Not Applicable
Proposal on converting capital reserve to share capital
□Applicable ?Not Applicable
The year 2025 profit distribution proposal approved by the Board of Directors
is as follows:
A cash dividend of RMB 5.5581 (including tax) will be distributed for every 10
shares held based on the total shares capital of 854,581,922 shares, and there
is no stock dividend. The Board decided not to convert capital reserve to share
capital this time.
Proposal on profit distribution reviewed by the Board of Directors, regarding
preferred stock during the reporting period
□Applicable ?Not Applicable
§2 Summary
Share’s name Jiangling Motor, Share’s 000550,
Jiangling B code 200550
Place of listing Shenzhen Stock Exchange
Contact persons Board Secretary Securities Affair
and contact details Representative
Name Xu Lanfeng Quan Shi
Contact address No. 2111, Yingbin Middle Avenue, Nanchang County,
Nanchang City, Jiangxi Province, P.R.C
Telephone 86-791-85266178
Fax 86-791-85232839
E-mail relations@jmc.com.cn
During the reporting period, the Company's main business is the production
and sale of commercial vehicles, passenger vehicle SUVs and related
components. The main products include JMC light truck, Pickup, light bus,
Ford-branded light bus, MPV, Pickup and other commercial vehicle products,
and passenger vehicle SUV products. JMC also produces engines, frame, axle
and components. The Company takes high quality development as the main
line, anchoring its strategy around three core directions: intelligent connectivity,
new energy, and global expansion, focuses on value, lean operation, and
transforms from scale expansion development to lean value growth.
In 2025, JMC continued to increase its technological reserves and investment
in new products, intelligent connection network, new energy and lightweighting,
and strengthened its digital operation capability to realize the transformation of
“four online”, including “products online”, “customers online”, “processes
online” and “employees online”. Through digital technology, the Company
improved operational efficiency, optimized business processes and innovated
business models, and focused on customer-centered integration of the whole
value chain. Driven by innovation, we are transforming our marketing
approach, continuously optimizing channel structures and layouts to enhance
synergistic efficiency. Together with our distributors, we are forging a more
integrated “united front” model to accelerate market responsiveness. We are
innovating our transport capacity operations, focusing on scenario-based
requirements to establish an intelligent operational framework, while
strengthening collaborations with logistics enterprises to expand transport
capacity partnerships, and gradually formed a customer-centered commercial
vehicle ecosystem to focus on the entire life cycle of automobiles and provided
customers with all-around solutions. JMC actively laid out the RV business and
off-road pickup and modified car market to create unique products and lead
the market trend; at the same time, the Company steadily advanced the
scenario-based implementation of intelligent driving technologies to develop
industry-leading autonomous driving solutions. JMC strengthened export
cooperation and synergy, seized globalisation opportunities, optimised
resource allocation across products, channels and after-sales services, and
continuously forged new drivers for the Company's development.
In 2025, JMC planned the productivity of 320 thousand units and the utilization
rate was 118%.
Unit: RMB
Change
End of Year 2025 End of Year 2024 End of Year 2023
(%)
Total Assets 33,725,291,097 30,839,912,640 9.36% 29,141,187,886
Shareholders’
Equity Attributable
to the Equity 11,700,238,217 11,292,579,854 3.61% 10,350,145,738
Holders of the
Company
Change
(%)
Revenue 39,169,909,929 38,374,160,748 2.07% 33,167,325,081
Profit Attributable to
the Equity Holders 1,187,465,719 1,537,139,024 -22.75% 1,475,597,266
of the Company
Net Profit
Attributable to
Shareholders of
Listed Company 740,844,834 1,356,329,085 -45.38% 995,236,837
After Deducting
Non-Recurring
Profit or Loss
Net Cash
Generated From 2,411,911,290 2,633,384,217 -8.41% 4,567,539,866
Operating Activities
Basic Earnings Per
Share (RMB)
Diluted Earnings
Per Share (RMB)
Weighted Average
Return on Equity 10.34% 14.20% -3.86% 15.06%
Ratio
Unit: RMB
Q1 Q2 Q3 Q4
Revenue 7,967,428,172 10,124,958,038 9,196,139,182 11,881,384,537
Profit Attributable to the
Equity Holders of the 305,997,821 426,730,226 16,405,954 438,331,718
Company
Net Profit Attributable
to Shareholders of
Listed Company After
Deducting
Non-Recurring Profit or
Loss
Net Cash Generated
From Operating -2,297,115,303 2,232,617,519 266,402,581 2,210,006,493
Activities
Whether the above financial indicators or their totals are materially different
from those disclosed in the quarterly reports and half-year report of the
Company
□Yes ?No
Total shareholders as of JMC had 39,701 shareholders, including 33,919 A-share holders, and 5,782
the end of the reporting B-share holders, as of December 31, 2025
period
Total shareholders as of JMC had 40,373 shareholders, including 34,594 A-share holders, and 5,779
the last month-end prior to B-share holders, as of February 28, 2026.
the disclosure date of the
Report
Top ten shareholders
Shares Shares due
Shareholding Shares at
with to mortgage
Shareholder Name Shareholder Type Percentage the End of
Trading or mark or
(%) Year
Restriction frozen
Nanchang Jiangling State-owned legal
Investment Co., Ltd. person
Foreign legal
Ford Motor Company 32.00% 276,228,394 0 0
person
Hong Kong Securities
Foreign legal
Clearing Company Ltd. 1.10% 9,520,669 0 0
person
(HKSCC)
Domestic Natural
Jin Xing 0.62% 5,327,900 0 0
Person
Industrial and Commercial
Bank of China Limited - Domestic
Guolian Superior Industry non-State-owned 0.58% 5,028,101 0 0
Mixed Securities legal persons
Investment Fund
China Merchants Foreign legal
Securities (HK) Co., Ltd. person
Bank of China Co., Ltd. - E
Fund Hong Kong Stock Domestic
Connect Dividend Flexible non-State-owned 0.34% 2,907,400 0 0
Allocation Mixed Securities legal persons
Investment Fund
China Merchants Bank
Domestic
Co., Ltd. - E Fund Value
non-State-owned 0.24% 2,099,400 0 0
Return Mixed Securities
legal persons
Investment Fund
Industrial and Commercial
Bank of China Limited -
Domestic
HTFTZ Intelligent
non-State-owned 0.24% 2,069,224 0 0
Manufacturing Stock
legal persons
Securities Investment
Fund
China Merchants Bank
Co., Ltd. - China Southern
Domestic
CSI 1000 Exchange
non-State-owned 0.22% 1,916,630 0 0
Traded Open-End Index
legal persons
Securities Investment
Fund
Notes on association among above-mentioned shareholders None.
Description of Shareholders Participating in Financing and None.
Securities Financing Business
Participation of Shareholders holding more than 5% of shares, top 10
shareholders and top 10 shareholders with unlimited shares in the lending of
shares in the refinancing business
□Applicable ?Not Applicable
Change in the top 10 shareholders of the Company and the top 10
shareholders with unlimited shares from the previous period due to
lending/repatriation of refinancing business
□Applicable ?Not Applicable
□Applicable ?Not Applicable
There was no shareholder holding preferred shares in the reporting period.
controlling parties
SASAC
Nanchang State-owned Assets
Supervision and Administration
Committee
Chongqing Changan Automobile Co., Ltd. JMCG
Nanchang Jiangling Investment Co., Ltd. Ford Motor Company
Jiangling Motors Co., Ltd.
□Applicable ?Not Applicable
§3 Major events
During the reporting period, there was no significant change in JMC's business
situation.
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