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 Share¡¯s code£º     000550        Share¡¯s Name£º    Jiangling Motors       No.£º     2024-029
                        Jiangling Motors Corporation, Ltd.
Jiangling Motors Corporation, 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.
Special note: The financial data of first half of 2024 disclosed herein are preliminary
accounting data, which are not audited by CPAs and might differ from the final data
disclosed in the Company¡¯s half-year report; investors are advised to pay attention to
investment risks.
                                                                                Unit: RMB
                 Item               Reporting period     Same period
                                     (2024 first half)                               Changes
                                                           last year
Revenue                             17,920,065,801.00 15,429,372,309.00                16.14%
Operating Profit                       558,002,131.00    348,625,588.00                60.06%
Profit Before Income Tax               553,915,575.00    355,082,666.00                56.00%
Profit Attributable to the
Company¡¯s Equity Holders
Net Profit Attributable to the
Company¡¯s Equity Holders
After Deducting Non-Recurring
Profit or Loss
Earnings Per Share                                 1.04                    0.84        22.77%
Weighted Average Return on                                                             Up 0.70
Net Asset Ratio (%)                              8.29%                   7.59%       percentage
                                                                                         points
                 Item                 Jun. 30, 2024     Dec. 31, 2023                Changes
Total Assets                        29,874,677,888.00 29,141,187,886.00                 2.52%
Shareholders¡¯ Equity
Attributable to the Company¡¯s 10,655,967,834.00 10,350,145,738.00                        2.95%
Equity Holders
Share Capital                       863,214,000       863,214,000                        0.00%
Net Assets Per Share
Attributable to the Company¡¯s             12.34             11.99                        2.95%
Equity Holders
In the first half of 2024, JMC achieved a total sales volume of 159,677 units, up by 9.11%
compared with the same period last year, including 38,274 units of Light Bus, 28,982 units
of Truck, 36,579 units of Pickup, and 55,842 units of SUV.
In the first half of 2024, the Company¡¯s Profit before Income Tax and Profit Attributable
to the Company¡¯s Equity Holders increased by 56% and 22.77% respectively compared
with the same period last year, mainly reflecting the sales volume growth, tight control of
expenses and the increase in profit from recognition of the additional deduction VAT input
in the current period. The Company¡¯s Net Profit Attributable to the Company¡¯s Equity
Holders after Deducting Non-Recurring Profit or Loss in the first half of 2024 increased
by 94.19% compared with the same period last year, mainly due to the increase in net
profit and the changes of the government incentives recorded in profit or loss of the current
period.
The comparative balance sheets and income statements signed and sealed by the current
legal representative, the chief financial officer and the head of the finance department of
the Company.
Board of Directors
Jiangling Motors Corporation, Ltd.
July 24, 2024