Group 1 - The company announced personnel changes, with Zhu Liujun no longer serving as CFO and Liu Jisheng no longer serving as Vice President, effective November 1, 2025 [1][4] - Zhu Liujun and Liu Jisheng will not hold any positions in the company after their departure, and their exit is not expected to affect the company's normal operations [4] - As of the announcement date, both Zhu Liujun and Liu Jisheng did not hold any shares in the company and had no outstanding public commitments [4] Group 2 - In the third quarter of 2025, the company reported a revenue of 9.196 billion yuan, a decrease of 6.26% year-on-year, and a net profit attributable to shareholders of 16.41 million yuan, down 93.94% [5] - For the first three quarters of 2025, the company achieved a total revenue of 27.289 billion yuan, a decline of 1.59%, while the net profit attributable to shareholders was 749.13 million yuan, down 35.76% [5] - The company sold approximately 261,000 vehicles in the first three quarters of 2025, representing a year-on-year increase of 7.73% [5] Group 3 - As of October 24, 2025, the company's stock price increased by 0.64%, reaching 20.48 yuan per share, with a total market capitalization of 17.68 billion yuan [6]

Core Viewpoint - Jiangling Motors announced significant personnel changes in its board of directors, including the appointment of a new CFO, effective November 1, 2025, which may impact the company's financial management and strategic direction [5][10]. Group 1: Meeting Notification and Conduct - The board meeting was notified to all directors via email on October 16, 2025 [2]. - The meeting was held from October 16 to October 22, 2025, through written voting, complying with legal and regulatory requirements [3]. Group 2: Attendance and Resolutions - All 9 directors were present for the meeting [4]. - The board resolved to dismiss Zhu Liujun from multiple positions due to work changes and appointed Li Weihua as the new CFO and other roles [5][8]. Group 3: Personnel Changes - Zhu Liujun and Liu Jisheng will no longer hold any positions in the company effective November 1, 2025, and their departure is not expected to affect daily operations [10]. - Li Weihua's appointment includes full authority to manage banking affairs with financial institutions during her tenure as CFO [10]. Group 4: New CFO Profile - Li Weihua, born in 1977, holds degrees from Shanghai University of Finance and Economics and York University, with extensive experience in financial roles at Ford and Jiangling Motors [11]. - She has no shares in the company and has no conflicts of interest with major shareholders or other executives [11].

Core Points - Jiangling Motors announced the decision to remove Zhu Liujun from the positions of Chief Financial Officer, Executive Committee Member, Secretary of the Board Audit Committee, Director of Jiangling Ford Automotive Technology (Shanghai) Co., Ltd., and Director of Hanan Automotive Parts (Nanchang) Co., Ltd., effective November 1, 2025 [2] - Due to work changes, the company also decided to remove Liu Jisheng from the position of Vice President, effective November 1, 2025 [2]

Core Viewpoint - Jiangling Motors announced personnel changes in its board of directors, affecting key financial and executive positions, effective November 1, 2025 [1] Group 1: Personnel Changes - Zhu Liujun will no longer serve as the Chief Financial Officer, Executive Committee member, Secretary of the Board Audit Committee, and Director of Jiangling Ford Automotive Technology (Shanghai) Co., Ltd. [1] - Liu Jisheng will no longer hold the position of Vice President [1] - Both Zhu Liujun and Liu Jisheng's original terms were set to expire with the current board's term on June 15, 2026 [1]

上述人事变动后，朱浏俊先生、刘继升先生不再在公司担任任何职务。截止 本公告披露日，朱浏俊先生、刘继升先生未持有本公司股份，不存在未履行完毕 的公开承诺。朱浏俊先生、刘继升先生的离任不会影响公司日常生产经营活动的 正常运行。 公司及董事会对朱浏俊先生、刘继升先生在任职期间为公司发展所做出的贡 献表示衷心的感谢！ 特此公告。 证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—047 200550 江铃 B 江铃汽车股份有限公司 关于高级管理人员离任的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 因工作变动原因，江铃汽车股份有限公司（以下简称"江铃汽车"或"公司"） 董事会决定朱浏俊先生不再担任公司财务总监、执行委员会委员、董事会审计委 员会秘书、江铃福特汽车科技（上海）有限公司董事、翰昂汽车零部件（南昌） 有限公司董事，此人事变动自 2025 年 11 月 1 日起生效。朱浏俊先生原定任期至 本公司第十一届董事会任期届满（即 2026 年 6 月 15 日）。 因工作变动原因，公司董事会决定刘继升先生不再担任公司副总裁，此人事 变动自 ...

证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—046 200550 江铃 B 江铃汽车股份有限公司董事会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、会议通知情况 江铃汽车股份有限公司（以下简称"江铃汽车"或"公司"）董事会于 2025 年 10 月 16 日以专人邮件形式向全体董事发出了此次董事会相关议案。 二、会议召开时间、地点、方式 上述人事变动自 2025 年 11 月 1 日起生效。 本次董事会会议于 2025 年 10 月 16 日至 10 月 22 日以书面表决方式召开。 会议的召集、召开符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 三、董事会出席会议情况 应出席会议董事 9 人，实到 9 人。 四、会议决议 与会董事以书面表决方式通过以下决议： 1、因工作变动原因，公司董事会决定朱浏俊先生不再担任公司财务总监、 执行委员会委员、董事会审计委员会秘书、江铃福特汽车科技（上海）有限公司 董事、翰昂汽车零部件（南昌）有限公司董事。 根据公司总裁熊春英的提名，公司董事会批准聘任李伟华女士为公司 ...

Core Viewpoint - The article emphasizes the practical advantages of the Jiangling E Shunda vehicle for urban distribution, highlighting its efficiency in loading and unloading, ease of maneuverability in narrow streets, and cost savings compared to traditional fuel vehicles [1][9]. Group 1: Vehicle Features - The Jiangling E Shunda has a cargo platform height of 866mm, which allows for easier loading and unloading without bending or stretching, making it 29-59mm lower than many competitors [2][3]. - The vehicle features a cargo compartment width of 1940mm, which is the widest in its class, enabling users to carry more goods, such as two additional boxes of daily necessities, thus reducing the number of trips required [2][3]. Group 2: Maneuverability and Range - The vehicle is designed for easy navigation in narrow alleys, allowing drivers to turn with minimal effort, even when fully loaded, which significantly reduces the time spent maneuvering [5]. - It offers a reliable range, with a full charge allowing for deliveries to four to five neighborhoods while still having over 70 kilometers of range remaining, alleviating concerns about running out of power during the day [5]. Group 3: Cost Efficiency - Transitioning from a fuel vehicle to the Jiangling E Shunda can save drivers significant costs, with daily fuel expenses dropping from over 160 yuan to around 30 yuan, leading to annual savings of over 40,000 yuan [7]. - The vehicle purchase includes incentives such as a 6,000 yuan subsidy and an additional 4,000 yuan for trade-ins, totaling a potential saving of 10,000 yuan, making it financially accessible for drivers [7]. Group 4: Target Audience - The article identifies the target audience for the Jiangling E Shunda as urban delivery drivers who prioritize practicality, ease of use, and cost savings in their operations, making it a suitable option for those delivering essential goods [9].

Core Insights - Jiangling Motors' stock price decreased by 2.05% on October 23, trading at 20.11 CNY per share, with a total market capitalization of 17.36 billion CNY [1] - The company has experienced a year-to-date stock price decline of 11.58%, with a 6.81% drop over the last five trading days [1] Financial Performance - For the period from January to September 2025, Jiangling Motors reported a revenue of 27.29 billion CNY, a year-on-year decrease of 1.59%, and a net profit attributable to shareholders of 749 million CNY, down 35.76% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 14.22 billion CNY, with 1.57 billion CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 7.95% to 39,400, while the average number of circulating shares per person increased by 9.78% to 15,459 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 11.23 million shares, a decrease of 4.09 million shares from the previous period [3]

Core Viewpoint - Jiangling Motors reported a significant decline in both revenue and net profit for the third quarter of 2025, primarily due to business adjustments in its subsidiaries and increased costs [2][3][4]. Financial Performance - In Q3 2025, Jiangling Motors achieved revenue of 9.196 billion yuan, a year-on-year decrease of 6.26%, while net profit attributable to shareholders was 16.406 million yuan, down 93.94% [2][3]. - For the first three quarters of 2025, total revenue was 27.289 billion yuan, a decline of 1.59%, and net profit was 749 million yuan, down 35.76% [4][5]. - The company's earnings per share for Q3 2025 dropped to 0.02 yuan, a decrease of 93.6% [3]. Sales Performance - Despite the decline in revenue and profit, Jiangling Motors sold 261,000 vehicles in the first three quarters, representing a year-on-year increase of 7.73% [3][4]. - Sales of SUVs, light passenger vehicles, and trucks increased by 8.4%, 17.3%, and 22.8% respectively, while sales of pickups fell by 15.9% [3]. Reasons for Decline - The decline in net profit was attributed to the business adjustment of Jiangling Ford Automotive Technology (Shanghai) Co., which led to a significant reduction in recognized deferred tax assets [4][5]. - The tax expenses for the first three quarters increased dramatically by 1152.86%, shifting from a gain of 61.82 million yuan in the previous year to an expense of 651 million yuan [5]. Cash Flow and Strategic Adjustments - The net cash flow from operating activities for the first three quarters was 202 million yuan, a decrease of 88.3% compared to the previous year [7]. - Jiangling Motors is actively adjusting its resources and has announced a partnership with Ford Motor Company to enhance distribution services for Ford-branded vehicles in China [7].

Domestic News - The Ministry of Commerce issued a notice regarding the distribution of a questionnaire for the anti-dumping investigation of related analog chips, which began on September 13, 2025, targeting imports from the United States [2] - Guangzhou's government aims to expand automotive consumption scenarios and support the large-scale development of the used car market as part of its consumption promotion plan [3] - From January to September 2025, the top ten automotive companies sold a total of 20.431 million vehicles, accounting for 83.9% of total automotive sales, with Dongfeng and GAC experiencing a decline in sales compared to the previous year [4] International News - The German Automotive Industry Association warned that the dispute over Nexperia, a semiconductor manufacturer, between China and the Netherlands could severely disrupt automotive production if unresolved [5] - France and Spain urged the EU to maintain the 2035 ban on the sale of internal combustion engine vehicles, emphasizing the importance of achieving zero emissions from vehicles by that date [5] Company News - Tesla is recalling 12,963 vehicles in the U.S. due to a potential loss of driving power caused by battery contactor failure [7] - Honor and BYD signed a strategic cooperation agreement to collaborate on technology and ecosystem development [8] - SAIC Volkswagen partnered with Neura Robotics to develop cognitive robotic systems aimed at enhancing production efficiency in automotive manufacturing [9] - Geely established a new company with a registered capital of 1 billion yuan, focusing on engineering research and battery manufacturing [10] - FAW Jiefang and Guoxuan High-Tech are seeking closer strategic cooperation to promote green transformation in China's commercial vehicle sector [11] - Jiangling Motors reported a net profit of 16.406 million yuan for Q3, a 93.94% year-on-year decline, with total revenue for the first three quarters down 1.59% [12] - Four-dimensional Map New announced it secured 5.85 million new intelligent driving solutions from 2024 to the first half of 2025, covering over 20 mainstream automakers [13]