Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2026-015
Jiangling Motors Corporation, Ltd.
Jiangling Motors Co., Ltd. and its Board members undertake that the
information disclosed herein is truthful, accurate and complete and does
not contain any false statement, misrepresentation or major omission.
Important Note
jointly and severally liable for the truthfulness, accuracy and completeness
of the information disclosed in the Report, and confirm that the information
disclosed herein does not contain any false statement, misrepresentation or
major omission.
Jiang Nan, confirm that the financial statements in this Quarter Report are
truthful, accurate and complete.
□Yes ?No
§1 Brief Introduction
Unit: RMB
Reporting Period Same Period YoY Change
(2026 First Quarter) Last Year (%)
Revenue 9,035,954,941 7,967,428,172 13.41%
Net Profit Attributable to the
Equity Holders of the Company
Net Profit Attributable to
Shareholders of Listed Company
After Deducting Non-Recurring
Profit or Loss
Net cash flows used in operating
-1,988,190,685 -2,297,115,303 -13.45%
activities
Basic Earnings Per Share (RMB) 0.40 0.35 14.29%
Diluted Earnings Per Share
(RMB)
Weighted Average Return on Net
Asset Ratio (%)
At the end of the At the end of the
Change (%)
reporting period previous year
Total Assets 29,519,669,630 33,725,291,097 -12.47%
Shareholder’s equity Attributable
to the Equity Holders of the 12,039,448,329 11,700,238,217 2.90%
Company
?Applicable □Not Applicable
Unit: RMB
Reporting Period
(2026 First Quarter)
Profit and loss of non-current assets disposal (including
the charge-off part of the asset impairment provision)
Government subsidies included in the current profit and
loss
In addition to the effective hedging business related to
the normal operating business of the Company, holding
the gains and losses of fair value changes arising from
trading financial assets and trading financial liabilities, 550,327.00
as well as the investment income obtained from the
disposal of trading financial assets, trading financial
liabilities and available for sale financial assets
Capital occupation fee charged for non-financial
enterprises included in the current profit and loss
Other non-operating income and expenses except the
above
Less: Income tax impact amount 587,179.00
Total 88,400,037.00
Details of other profit and loss items that meet the definition of non-recurring
profit and loss
□Applicable ?Not Applicable
There is no other profit and loss items that meet the definition of non-recurring
profit and loss in the Company.
The description of the non-recurring profit and loss items listed in Corporate
Information Disclosure of Public Issuing Securities No.1 are defined as
recurring profit and loss items
□Applicable ?Not Applicable
The Company does not have a situation in which the non-recurring profit and
loss items listed in No.1 of Corporate Information Disclosure Announcement
No.1 are defined as recurring profit and loss.
reporting period
?Applicable □Not Applicable
In the first quarter of 2026, JMC sold 86,065 vehicles in total, increased by
attributable to the equity holders of the Company during the reporting period
were RMB 9,036 million and RMB 340 million, increased by 13.41% and by
As of the end of the first quarter of 2026, compared with the end of the
previous year, cash and cash equivalents decreased by RMB 4,282 million,
down 31.52%, mainly due to the payment to suppliers for goods and the
repayment of short-term borrowings.
As of the end of the first quarter of 2026, compared with the end of the
previous year, financing receivables decreased by RMB 129 million, down
As of the end of the first quarter of 2026, compared with the end of the
previous year, development expenditures decreased by RMB 57.59 million,
down 100%, mainly due to the transfer of development expenditure into
intangible assets.
As of the end of the first quarter of 2026, compared with the end of the
previous year, short-term borrowings decreased by RMB 1,950 million, down
As of the end of the first quarter of 2026, compared with the end of the
previous year, notes payable decreased by RMB 231 million, down 53.96%,
mainly due to the payment of matured notes payable.
As of the end of the first quarter of 2026, compared with the end of the
previous year, taxes payable increased by RMB 52.18 million, up 39.32%,
mainly due to the increase in taxes payable at the end of the period.
In the first quarter of 2026, compared with the same period last year, net profit
attributable to shareholders of listed company after deducting non-recurring
profit or loss increased by RMB 105 million, up 71.23%, mainly due to the
increase in net profit for the current period and the impact of the change in
government incentives recognized in the current profit or loss.
In the first quarter of 2026, compared with the same period last year, net cash
flows used in financing activities increased by RMB 784 million, up 66.78%,
mainly due to the decrease in borrowings compared to the same period.
§2 Shareholder Information
Total shareholders JMC had 39,866 shareholders, including 34,118 A-share holders and 5,748
(as at March 31, 2026) B-share holders.
Top ten shareholders (excluding lending of shares through refinancing)
Shareholding Shares with Shares due to
Shareholder Shares at the
Shareholder Name Percentage Trading Mortgage or
Type End of Year
(%) Restriction Frozen or Mark
Nanchang Jiangling State-owned
Investment Co., Ltd. legal person
Foreign legal
Ford Motor Company 32.00% 276,228,394 0 0
person
Hong Kong Securities
Foreign legal
Clearing Company Ltd. 0.74% 6,347,755 0 0
person
(HKSCC)
Industrial and Commercial
Bank of China Limited - Domestic
Guolian Superior Industry non-State-owned 0.64% 5,538,101 0 0
Mixed Securities legal persons
Investment Fund
Domestic natural
Jin Xin 0.57% 4,957,700 0 0
person
China Merchants Foreign legal
Securities (HK) Co., Ltd. person
China Merchants Fund
Domestic
Management Co., Ltd. -
non-State-owned 0.33% 2,887,500 0 0
Social Security Fund
legal persons
Portfolio 1903
Xingyin Wealth
Management Co., Ltd. -
Xingyin Wealth
Domestic
Management Fuli
non-State-owned 0.21% 1,822,248 0 0
Xingcheng Alpha 3-Month
legal persons
Holding Period No. 3
Mixed Wealth
Management Product
Domestic natural
Li Yifeng 0.20% 1,713,700 0 0
person
Domestic natural
Li Wei 0.17% 1,481,800 0 0
person
Top ten shareholders holding unlimited tradable shares (excluding lending of shares through refinancing and
executive lock-up shares)
Shareholder Name Shares without Trading Share Type
Restriction
Nanchang Jiangling Investment Co., Ltd. 354,176,000 A share
Ford Motor Company 276,228,394 B share
Hong Kong Securities Clearing Company Ltd.
(HKSCC)
Industrial and Commercial Bank of China
Limited - Guolian Superior Industry Mixed 5,538,101 A share
Securities Investment Fund
Jin Xin 4,957,700 B share
China Merchants Securities (HK) Co., Ltd. 4,573,475 B share
China Merchants Fund Management Co., Ltd.
- Social Security Fund Portfolio 1903
Xingyin Wealth Management Co., Ltd. -
Xingyin Wealth Management Fuli Xingcheng
Alpha 3-Month Holding Period No. 3 Mixed
Wealth Management Product
Li Yifeng 1,713,700 B share
Li Wei 1,481,800 B share
Notes on association among above-mentioned shareholders None.
Description of shareholders participating in financing and securities financing business None.
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
shareholders holding preferred shares
□Applicable ?Not Applicable
§3. Other Major Events
□Applicable ?Not Applicable
§4 Financial Statements
Jiangling Motors Corporation, Ltd.
(All amounts in RMB Yuan unless otherwise stated)
ASSETS
Consolidated* Consolidated
Current assets
Cash and cash equivalents 9,300,679,338.00 13,582,540,346.00
Financial assets held for trading 801,698,630.00 801,902,466.00
Notes receivable - -
Accounts receivable 6,120,085,671.00 6,141,405,767.00
Financing receivables 77,287,283.00 205,851,591.00
Advances to suppliers 133,719,000.00 98,624,060.00
Other receivables 114,980,531.00 134,768,377.00
Inventories 2,326,908,694.00 2,011,925,708.00
Current portion of non-current
assets
Other current assets 1,392,889,752.00 1,194,944,928.00
Total current assets 20,294,467,010.00 24,199,116,875.00
Non-current assets
Long-term receivables 70,953,789.00 71,519,964.00
Long-term equity investments 175,925,628.00 203,641,921.00
Fixed assets 5,637,934,604.00 5,789,423,822.00
Construction in progress 517,266,693.00 507,614,873.00
Right-of-use assets 100,985,969.00 120,243,307.00
Intangible assets 1,727,976,276.00 1,790,269,138.00
Development expenditures - 57,594,483.00
Goodwill - -
Deferred tax assets 989,983,856.00 980,954,002.00
Other non-current assets 4,175,805.00 4,912,712.00
Total non-current assets 9,225,202,620.00 9,526,174,222.00
TOTAL ASSETS 29,519,669,630.00 33,725,291,097.00
Current liabilities
Short-term borrowings - 1,950,000,000.00
Derivative financial liabilities 2,966,533.00 695,349.00
Notes payable 196,717,903.00 427,292,904.00
Accounts payable 9,649,126,263.00 11,397,760,484.00
Contract liabilities 521,700,336.00 545,864,754.00
Employee benefits payable 559,538,189.00 729,156,434.00
Taxes payable 184,878,089.00 132,698,441.00
Other payables 5,324,552,771.00 5,803,694,871.00
Current portion of non-current
liabilities
Other current liabilities 305,020,662.00 304,431,406.00
Total current liabilities 16,771,176,698.00 21,383,457,667.00
Non-current liabilities
Long-term borrowings 453,112.00 460,276.00
Lease liabilities 38,977,681.00 44,860,116.00
Long-term employee benefits
payable
Provisions 253,465,612.00 255,436,677.00
Deferred income 22,635,501.00 13,406,177.00
Deferred tax liabilities 172,451,207.00 123,918,738.00
Other non-current liabilities 482,496,414.00 461,860,038.00
Total non-current liabilities 1,019,544,221.00 949,795,022.00
Non-current liabilities 17,790,720,919.00 22,333,252,689.00
Equity
Share capital 863,214,000.00 863,214,000.00
Capital surplus 839,442,490.00 839,442,490.00
Less: treasury shares 170,214,887.00 170,214,887.00
Other comprehensive income -23,862,000.00 -23,862,000.00
Special reserve 6,600,729.00 7,860,966.00
Surplus reserve 431,607,000.00 431,607,000.00
Retained earnings 10,092,660,997.00 9,752,190,648.00
Total equity attributable to
shareholders of the Company
Minority interests -310,499,618.00 -308,199,809.00
Total equity 11,728,948,711.00 11,392,038,408.00
TOTAL LIABILITIES AND
EQUITY
*: Unaudited financial indexes
(All amounts in RMB Yuan unless otherwise stated)
Item Quarter Quarter
Consolidated* Consolidated*
Total Revenue 9,035,954,941.00 7,967,428,172.00
Revenue 9,035,954,941.00 7,967,428,172.00
Total Cost of sales 8,943,196,077.00 7,938,917,337.00
including: Cost of sales 7,973,087,616.00 7,026,678,337.00
Taxes and surcharges 244,526,230.00 220,477,781.00
Selling and distribution expenses 215,668,207.00 206,935,409.00
General and administrative expenses 195,679,165.00 233,118,499.00
Research and development expenses 338,131,010.00 286,230,316.00
Financial expenses -23,896,151.00 -34,523,005.00
Including: Interest expenses 1,919,478.00 4,581,629.00
Interest income -21,535,404.00 -45,901,253.00
Add: Other income 291,393,905.00 303,719,670.00
Investment income 1,558,988.00 -4,990,750.00
Including: Share of profit of associates
-1,090,894.00 -10,142,171.00
and joint ventures
Gains on changes in fair value 285,346.00 -3,911,506.00
Credit impairment losses -2,071,545.00 -357,720.00
Asset impairment losses -6,068,284.00 -
Gains on disposal of assets -641,409.00 -1,481,340.00
Operating profit 377,215,865.00 321,489,189.00
Add: Non-operating income 647,664.00 820,017.00
Less: Non-operating expenses 148.00 37,763.00
Total profit 377,863,381.00 322,271,443.00
Less: Income tax expenses 39,692,841.00 12,889,815.00
Net profit 338,170,540.00 309,381,628.00
Classified by continuity of operations
Net profit from continuing operations 338,170,540.00 309,381,628.00
Net profit from discontinued
- -
operations
Classified by ownership of the equity
Attributable to shareholders of the
Company
Minority interests -2,299,809.00 3,383,807.00
Other comprehensive income, net
- -
of tax
Attributable to shareholders of the
Company
Other comprehensive income items
which will not be reclassified to profit
or loss
Changes arising from remeasurement
- -
of defined benefit plan
Attributable to minority interests - -
Total comprehensive income 338,170,540.00 309,381,628.00
Attributable to shareholders of the
Company
Attributable to minority interests -2,299,809.00 3,383,807.00
Earnings per share
Basic earnings per share (RMB Yuan) 0.40 0.35
Diluted earnings per share (RMB
Yuan)
*: Unaudited financial indexes
(All amounts in RMB Yuan unless otherwise stated)
Item
Consolidated* Consolidated*
Cash flows used in operating
activities
Cash received from sales of goods or
rendering of services
Cash received relating to other
operating activities
Sub-total of cash inflows 10,101,019,938.00 8,720,049,777.00
Cash paid for goods and services 10,106,659,288.00 8,798,857,074.00
Cash paid to and on behalf of
employees
Payments of taxes and surcharges 498,068,438.00 613,654,707.00
Cash paid relating to other operating
activities
Sub-total of cash outflows 12,089,210,623.00 11,017,165,080.00
Net cash flows used in operating
-1,988,190,685.00 -2,297,115,303.00
activities
Cash flows used in investing
activities
Cash received from returns of
investments
Cash received from disposal on
investments
Net cash received from disposal of
fixed assets, intangible assets and 4,700,976.00 2,487,411.00
other long-term assets
Cash received relating to other
investing activities
Sub-total of cash inflows 860,005,486.00 46,626,961.00
Cash paid to acquire fixed assets,
intangible assets and other long-term 396,692,801.00 330,053,827.00
assets
Cash paid to acquire investments 800,000,000.00 55,000,000.00
Cash paid relating to other investing
activities
Sub-total of cash outflows 1,196,848,238.00 385,081,488.00
Net cash flows used in investing
-336,842,752.00 -338,454,527.00
activities
Cash flows used in financing
activities
Cash received from borrowings 499,584,445.00 1,784,325,555.00
Cash received from other financing
- -
activities
Sub-total of cash inflows 499,584,445.00 1,784,325,555.00
Cash repayments of borrowings 2,450,000,000.00 2,950,000,000.00
Cash payments for distribution of
dividends, profits or interest expenses
Cash paid relating to other financing
activities
Sub-total of cash outflows 2,456,432,021.00 2,957,629,534.00
Net cash flows used in financing
-1,956,847,576.00 -1,173,303,979.00
activities
Effect of foreign exchange rate
- -
changes on cash and cash equivalents
Net decrease in cash and cash
-4,281,881,013.00 -3,808,873,809.00
equivalents
Add: Cash and cash equivalents at
beginning of year
Cash and cash equivalents at end of
period
*: Unaudited financial indexes
adjustment and the situation of first implementation of the financial statements
at the beginning of the year related items
□Applicable ?Not Applicable
□Yes ?No
JMC 2026 First Quarter Report is not audited.
Board of Directors
Jiangling Motors Corporation, Ltd.
April 25, 2026
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