Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2026-034
Jiangling Motors Corporation, Ltd.
Jiangling Motors Corporation, Ltd. and its Board members undertake
that the information disclosed herein is true, accurate and complete and
does not contain any false record, misleading statement or material
omission.
Important Notes
that this Quarter Report is true, accurate and complete, containing no false
records, misleading statements or material omissions, and shall bear
individual and joint legal liabilities.
Jiang Nan, confirm that the financial statements in this Quarter Report are
true, accurate and complete.
□Yes ?No
(1) Main accounting data and financial indicators
Whether the Company needs to retrospectively adjust or restate the
accounting data of previous years?
□Yes ?No
Unit: RMB
Beginning of
Reporting period YoY YoY
Year to End of
(2026 Third Change Change
Reporting
Quarter) (%) (%)
Period
Revenue 9,424,462,040 2.48% 28,786,329,291 5.49%
Net Profit Attributable to the
Equity Holders of the Company
Net Profit Attributable to the
Equity Holders of the Company
After Deducting Non-Recurring
Profit or Loss
Net Cash Generated From
—— —— 1,781,700,832 782.45%
Operating Activities
Basic Earnings Per Share
(RMB)
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 32,540,144,752 33,725,291,097 -3.51%
Shareholder’s Equity Attributable to the
Equity Holders of the Company
(2) Non-recurring gains and losses items and amounts
?Applicable □Not Applicable
Unit: RMB
Reporting period Beginning of
(2026 Third Year to End of
Quarter) Reporting Period
Gain Profit or and loss of non-current assets disposal
(including the reversal charge-off part of the asset 10,297,381 14,871,575
impairment provision)
Government subsidies included in the current gain or
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, 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 from for non-financial
enterprises included in the current profit and loss
Reversal of impairment allowance for individually
assessed receivables
Other non-operating income and expenses except the
above
Less: Income tax impact amount 2,470,230 30,195,166
Influence of minority shareholders' equity (after-tax) 220,500 3,895,500
Total 14,859,052 155,548,578
Details of other profit and loss items that meet the definition of non-recurring
profit and loss
□Applicable ?Not Applicable
There are 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 is 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.
(3) Causes and explanations on major changes of financial indicators of the
reporting period
?Applicable □Not Applicable
In the first three quarters of 2026, JMC sold 285,285 vehicles in total,
increased by 9.32% compared with the same period last year, including 82,132
light buses, 58,583 trucks, 45,058 pickups, 99,512 SUVs. Revenue was RMB
During the first three quarters of 2026, net profit attributable to the equity
holders of the Company was RMB 907 million, increased by RMB 157 million
and up 21.02% compared with the same period last year, and net profit
attributable to the equity holders of the Company after deducting non-recurring
profit or loss increased by RMB 284 million and up 60.83% compared with the
same period last year. The above changes were mainly attributable to the
reversal of deferred tax assets resulting from the business adjustment of
Jiangling Ford Automobile Technology (Shanghai) Co., Ltd., a controlling
subsidiary of the Company, in the third quarter of last year.
As of the end of the third quarter of 2026, compared with the end of the
previous year, financing receivables decreased by RMB 136 million, down
As of the end of the third quarter of 2026, compared with the end of the
previous year, short-term borrowings decreased by RMB 1,150 million, down
During the first three quarters of 2026, compared with the same period last
year, income tax expenses decreased by RMB 507 million, down 77.84%,
mainly due to the impact of the reversal of deferred tax assets of the subsidiary
in the same period of last year.
During the first three quarters of 2026, compared with the same period last
year, minority interests increased by RMB 294 million, up 100.46%, mainly due
to the impact of changes in the subsidiary's profit and loss.
During the first three quarters of 2026, compared with the same period last
year, net cash flows generated from operating activities increased by RMB
(1) Total number of shareholders and top ten shareholders
Total shareholders JMC had 35,168 shareholders, including 29,451 A-share holders and 5,717 B-share
(as at September 30, holders.
Top ten shareholders (excluding lending of shares through refinancing)
Shares due
Shareholding Shares at Shares with
Shareholder to Mortgage
Shareholder Name Percentage the End of Trading
Type or Frozen or
(%) Year Restriction
Mark
Nanchang Jiangling Investment State-owned
Co., Ltd. legal person
Foreign legal
Ford Motor Company 32.00% 276,228,394 0 0
person
Hong Kong Securities Clearing Foreign legal
Company Ltd. (HKSCC) person
Industrial and Commercial Bank of
China Limited - Guolian Superior Domestic
non-State-owned 0.71% 6,143,001 0 0
Industry Mixed Securities legal persons
Investment Fund
Domestic natural
Jin Xing 0.58% 4,979,600 0 0
person
China Merchants Fund Domestic
Management Co., Ltd. - Social non-State-owned 0.33% 2,816,800 0 0
Security Fund Portfolio 1903 legal persons
CITIC Securities Co., Ltd. –
Invesco Great Wall CSI Domestic
Shanghai-Hong Kong-Shenzhen non-State-owned 0.30% 2,600,000 0 0
Dividend Growth Low Volatility legal persons
Index Securities Investment Fund
Domestic natural
Zhao Yong 0.29% 2,479,800 0 0
person
China CITIC Bank Corporation Domestic
Limited — E Fund CNI Value 100 non-State-owned 0.26% 2,236,500 0 0
Exchange Traded Fund legal persons
Li Yifeng Domestic natural 0.22% 1,891,500 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 Securities 6,143,001 A share
Investment Fund
Jin Xing 4,979,600 B share
China Merchants Fund Management Co., Ltd. -
Social Security Fund Portfolio 1903
CITIC Securities Co., Ltd. – Invesco Great Wall CSI
Shanghai-Hong Kong-Shenzhen Dividend Growth 2,600,000 A share
Low Volatility Index Securities Investment Fund
Zhao Yong 2,479,800 A share
China CITIC Bank Corporation Limited — E Fund
CNI Value 100 Exchange Traded Fund
Li Yifeng 1,891,500 B share
Notes on association among above-mentioned Shareholders holding more than 5% are not related.
shareholders
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
(2) Total number of shareholders holding preferred shares and top ten
shareholders holding preferred shares
□Applicable ?Not Applicable
□Applicable ?Not Applicable
Jiangling Motors Corporation, Ltd.
(1) CONSOLIDATED AND COMPANY BALANCE SHEETS AS AT 30 SEPTEMBER
(All amounts in RMB Yuan unless otherwise stated)
Item
Consolidated* Consolidated
Current assets
Cash and cash equivalents 13,370,835,291 13,582,540,346
Financial assets held for trading 801,643,836 801,902,466
Accounts receivable 5,911,891,319 6,141,405,767
Financing receivables 69,353,840 205,851,591
Advances to suppliers 74,474,072 98,624,060
Other receivables 32,377,033 134,768,377
Inventories 2,168,674,607 2,011,925,708
Current portion of non-current assets 35,009,517 27,153,632
Other current assets 1,203,789,539 1,194,944,928
Total current assets 23,668,049,054 24,199,116,875
Non-current assets
Long-term receivables 80,900,383 71,519,964
Long-term equity investments 173,758,228 203,641,921
Fixed assets 5,374,479,913 5,789,423,822
Construction in progress 567,895,828 507,614,873
Right-of-use assets 60,343,965 120,243,307
Intangible assets 1,493,772,911 1,790,269,138
Development expenditures 106,522,063 57,594,483
Goodwill - -
Deferred tax assets 1,011,720,416 980,954,002
Other non-current assets 2,701,991 4,912,712
Total non-current assets 8,872,095,698 9,526,174,222
TOTAL ASSETS 32,540,144,752 33,725,291,097
Item
Consolidated* Consolidated
Current liabilities
Short-term borrowings 800,000,000 1,950,000,000
Derivative financial liabilities 3,028,793 695,349
Notes payable 476,036,649 427,292,904
Accounts payable 11,094,994,485 11,397,760,484
Contract liabilities 512,299,533 545,864,754
Employee benefits payable 522,253,855 729,156,434
Taxes payable 112,122,585 132,698,441
Other payables 5,567,213,744 5,803,694,871
Current portion of non-current liabilities 22,163,634 91,863,024
Other current liabilities 310,232,012 304,431,406
Total current liabilities 19,420,345,290 21,383,457,667
Non-current liabilities
Long-term borrowings 220,522 460,276
Lease liabilities 30,255,424 44,860,116
Long-term employee benefits payable 47,471,487 49,853,000
Provisions 260,508,602 255,436,677
Deferred income 19,894,366 13,406,177
Deferred tax liabilities 201,437,672 123,918,738
Other non-current liabilities 525,621,325 461,860,038
Total non-current liabilities 1,085,409,398 949,795,022
Total liabilities 20,505,754,688 22,333,252,689
Equity
Share capital 863,214,000 863,214,000
Capital surplus 839,442,490 839,442,490
Less: treasury shares 170,214,887 170,214,887
Other comprehensive income -23,862,000 -23,862,000
Special reserve 9,805,857 7,860,966
Surplus reserve 431,607,000 431,607,000
Retained earnings 10,183,827,386 9,752,190,648
Total equity attributable to shareholders of
the Company
Minority interests -99,429,782 -308,199,809
Total equity 12,034,390,064 11,392,038,408
TOTAL LIABILITIES AND EQUITY 32,540,144,752 33,725,291,097
* Unaudited financial indexes
(2) CONSOLIDATED AND COMPANY INCOME STATEMENTS FOR 1st
JANUARY 2026 TO 30th SEPTEMBER 2026
(All amounts in RMB Yuan unless otherwise stated)
Item
Consolidated* Consolidated*
Total Revenue 28,786,329,291 27,288,525,392
Including: Revenue 28,786,329,291 27,288,525,392
Total Cost of sales 28,127,893,303 26,574,464,198
Including: Cost of sales 25,445,878,751 23,456,492,984
Taxes and surcharges 717,729,543 874,428,587
Selling and distribution expenses 550,533,293 652,178,361
General and administrative expenses 593,681,966 714,087,246
Research and development expenses 899,523,420 964,149,878
Financial expenses -79,453,670 -86,872,858
Including: Interest expenses 6,291,884 13,491,216
Interest income -76,779,020 -111,644,594
Add: Other income 391,958,894 387,822,730
Investment income -1,189,453 -1,667,833
Including: Share of profit of associates and joint
-3,258,294 -11,862,039
ventures
Gains on changes in fair value 3,342,340 -7,314,033
Credit impairment losses -2,192,830 -2,892,795
Asset impairment losses -10,940,270 107,070
Gains on disposal of assets 13,335,338 17,397,780
Operating profit 1,052,750,007 1,107,514,113
Add: Non-operating income 4,162,583 2,790,940
Less: Non-operating expenses 4,703,346 3,233,896
Total profit 1,052,209,244 1,107,071,157
Less: Income tax expenses 144,239,945 650,888,291
Net profit 907,969,299 456,182,866
Classified by continuity of operations
Net profit from continuing operations 907,969,299 456,182,866
Net profit from discontinued operations - -
Classified by ownership of the equity
Attributable to shareholders of the Company 906,621,916 749,134,001
Minority interests 1,347,383 -292,951,135
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 907,969,299 456,182,866
Attributable to shareholders of the Company 906,621,916 749,134,001
Attributable to minority interests 1,347,383 -292,951,135
Earnings per share
Basic earnings per share(RMB Yuan) 1.06 0.87
Diluted earnings per share(RMB Yuan) 1.06 0.87
*: Unaudited financial indexes
(3) CONSOLIDATED AND COMPANY CASH FLOW STATEMENTS FOR 1st
JANUARY 2026 TO 30th SEPTEMBER 2026
(All amounts in RMB Yuan unless otherwise stated)
Item
Consolidated* Consolidated*
Cash flows generated from operating activities
Cash received from sales of goods or rendering of
services
Refunds of taxes 101,430,106 -
Cash received relating to other operating activities 237,694,693 365,842,336
Sub-total of cash inflows 31,825,673,859 28,650,938,840
Cash paid for goods and services 24,930,977,292 22,758,076,662
Cash paid to and on behalf of employees 2,189,580,748 2,144,384,139
Payments of taxes and surcharges 1,491,954,423 1,864,060,966
Cash paid relating to other operating activities 1,431,460,564 1,682,512,276
Sub-total of cash outflows 30,043,973,027 28,449,034,043
Net cash flows generated from operating activities 1,781,700,832 201,904,797
Cash flows used in investing activities
Cash received from returns of investments 2,429,010,300 55,000,000
Cash received from disposal on investments 8,347,616 264,648
Net cash received from disposal of fixed assets,
intangible assets and other long-term assets
Cash received relating to other investing activities 112,020,968 118,320,297
Sub-total of cash inflows 2,701,818,466 214,335,614
Cash paid to acquire fixed assets, intangible assets and
other long-term assets
Cash paid to acquire investments 2,400,000,000 55,000,000
Cash paid relating to other investing activities 321,873 533,226
Sub-total of cash outflows 3,216,040,390 870,205,322
Net cash flows used in investing activities -514,221,924 -655,869,708
Cash flows used in financing activities
Cash received from absorbing investments 206,400,395 -
Including: cash received by the subsidiary from
absorbing minority shareholders' investment
Cash received from borrowings 2,446,247,333 3,730,381,417
Sub-total of cash inflows 2,652,647,728 3,730,381,417
Cash repayments of borrowings 3,600,223,818 4,350,240,906
Cash payments for distribution of dividends, profits or
interest expenses
Cash paid relating to other financing activities 21,508,504 190,177,199
Sub-total of cash outflows 4,095,983,612 5,157,813,803
Net cash flows used in financing activities -1,443,335,884 -1,427,432,386
Effect of foreign exchange rate changes on cash
- -
and cash equivalents
Net decrease in cash and cash equivalents -175,856,976 -1,881,397,297
Add: Cash and cash equivalents at beginning of year 13,491,154,200 12,475,176,009
Cash and cash equivalents at end of period 13,315,297,224 10,593,778,712
* 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 Third Quarter Report is not audited.
Board of Directors
Jiangling Motors Corporation, Ltd.
October 23, 2026
首页
微信公众号
证券之星APP
