Group 1 - The company will hold the 2024 annual online performance briefing on April 17, 2025, from 15:30 to 16:30 [1][2][3] - The briefing will take place on the "Value Online" platform (www.ir-online.cn) and will be conducted in an interactive online format [1][3] - Investors can submit questions before the briefing through a designated website or by scanning a QR code [1][4] Group 2 - Key participants in the briefing will include the company's President, independent directors, and financial executives [3] - After the briefing, investors can access the main content and details of the event on the "Value Online" platform or via the Yidong app [5]

证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—012 200550 江铃 B 江铃汽车股份有限公司 关于举办2024年度网上业绩说明会的公告 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。 重要内容提示： 1、会议召开时间：2025 年 04 月 17 日（星期四）15:30-16:30 2、会议召开方式：网络互动方式 3、会议召开地点：价值在线（www.ir-online.cn） 4 、 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 04 月 17 日 前 访 问 网 址 https://eseb.cn/1n5pmU5eGHe 或使用微信扫描下方小程序码进行会前提问，公司 将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回 答。 江铃汽车股份有限公司（以下简称"公司"）已于 2025 年 3 月 29 日在巨潮 资讯网上披露了《2024 年年度报告》及《2024 年年度报告摘要》。为便于广大 投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 04 月 17 日（星期四）1 ...

江铃汽车股份有限公司 2025 年 3 月产、销快讯数据如下： | | | | 同比 | 产量（辆） | | 同比 | | | 同比 | 销量（辆） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 产品 | 本月数 | 去年 | | 本年 | 去年同期 | | | 去年 | | 本年 | 去年同期 | 同比 | | | | 同月数 | 变化 | 累计数 | 累计数 | 变化 | 本月数 | 同月数 | 变化 | 累计数 | 累计数 | 变化 | | | | | （%） | | | （%） | | | （%） | | | （%） | | 轻型客车 | 8,204 | 8,636 | -5.00% | 20,036 | 17,213 | 16.40% | 9,114 | 9,372 | -2.75% | 20,101 | 17,179 | 17.01% | | 卡车 | 8,838 | 7,562 | 16.87% | 16,828 | 14,386 | 16.97% | 8,889 | ...

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. Jiangling Motors Corporation, Ltd. Production And Sales Volume Information In March 2025 The table on production and sales volume in March 2025 of Jiangling Motors Corporation, Ltd. is as follows: Share's code： 000550 Share's Name： Jiangling Motors No.： 2025-011 200550 Jiangling B | Product | ...

Investment Rating - The report does not explicitly state an investment rating for the light commercial vehicle industry Core Insights - The light commercial vehicle market is expected to see stable growth in 2025, with an estimated total sales volume of 2.82 million units, representing a year-on-year increase of 3.5% [46] - The new energy small VAN market is projected to grow significantly, with sales reaching 245,000 units in 2024, a year-on-year increase of 47.2% [28] - The report highlights the introduction of innovative products such as Jiangling's "Blue Flame Power Platform" and the Oumako Smart Blue ES1 electric light truck, which aim to address market demands and consumer concerns regarding range and efficiency [11][18] Industry Insights - Jiangling has launched the "Blue Flame Power Platform," which features advanced technologies for fuel efficiency and performance, including a maximum thermal efficiency of 45.23% and a fuel consumption of 1.2L per 100 km [15][13] - The Oumako Smart Blue ES1 electric light truck is designed for urban transportation needs, offering a range of 500 km and fast charging capabilities [20][23] - The new energy small VAN market is dominated by small and medium-sized vehicles, which account for over 80% of total sales, with a compound annual growth rate (CAGR) of 50.2% from 2019 to 2024 [28] Product Analysis - The report categorizes companies in the new energy VAN market into three groups based on their penetration rates: A-class (100% new energy), B-class (30%-60% new energy), and C-class (below 25% new energy) [31] - A-class companies like Yuan Cheng focus solely on new energy products, while B-class companies like SAIC-GM-Wuling balance traditional fuel and new energy offerings [31] - The report emphasizes the potential for traditional fuel microbus users to upgrade to new energy small VANs, driven by government incentives and lower operational costs [38] Sales Forecast - The light commercial vehicle market is projected to experience stable growth, with government investment expected to boost demand in urban logistics and cold chain transportation [46] - The report notes that while there are positive growth factors, challenges such as geopolitical tensions and low consumer confidence may hinder sales performance [46] - The overall market for light commercial vehicles is expected to remain steady, with a total sales forecast of 2.82 million units in 2025, reflecting a modest increase from previous years [46]

Core Viewpoint - The article discusses the latest developments and trends in the new energy commercial vehicle sector, highlighting market penetration rates, sales data, and significant policy initiatives aimed at promoting electric vehicles and infrastructure development. Industry Data - In February, the sales of new energy medium and heavy trucks significantly increased, reaching 19.4% of total new energy commercial vehicle sales, while the penetration rate for medium and heavy trucks rose to 17.52% and light buses to 56.58% [7]. - The 2025 plan for Guangdong Province includes the construction of 1,306 non-highway public charging stations and 66,045 public charging piles, along with 274 supercharging stations and 492 supercharging terminals [6][12]. Policy and Regulations - The National Development and Reform Commission announced the first batch of vehicle-grid interaction pilot projects to support the integration of new energy vehicles with the power grid [13][14]. - The Haikou Municipal Bureau of Commerce issued guidelines for a vehicle replacement subsidy program, allocating a total of 23 million yuan for the first quarter of 2025 [10]. Company Developments - Remote New Energy Commercial Vehicles successfully delivered 150 units of the Remote Star Intelligent H light truck to SF Express, marking a significant step in their green logistics partnership [15]. - Jiangling Motors delivered 111 units of the Jiangling Avenue EV to Eastern Airlines, aiming to reduce carbon emissions by approximately 1,200 tons annually [16]. - The launch of the 2025 Remote Super VAN aims to set a new benchmark in commercial vehicle value through technological innovation [18]. Sales and Market Trends - The article notes a significant increase in the sales of new energy vehicles, with a 126.5% rise in net profit and a 28% increase in sales for Yutong Bus in 2024 [22]. - The article highlights the strategic cooperation between XCMG Group and China Merchants Group to enhance collaboration in various sectors, including logistics and technology [19].

专利摘要显示，本发明公开了 EGR 冷却器热工性能测试系统及其测试方法，涉及冷却器测试技术领 域，解决当前 EGR 冷却器热工性能测试方式无法模拟真实工况，导致测试数据与实际使用存在偏差， 且不能全面反映 EGR 冷却器综合性能的问题，包括密封测试模块、热交换能力评估模块、传热效率分 析模块、热响应分析模块和热工性能鉴定模块，所述密封测试模块用于对冷却器的密封性进行测试，所 述热交换能力评估模块用于对冷却器的热交换能力进行评估，所述传热效率分析模块用于分析冷却器的 热传递效率，所述热响应分析模块用于对冷却器的热响应时长进行分析，所述热工性能鉴定模块用于对 冷却器的热工性能进行鉴定，本发明实现对 EGR 冷却器热工性能的全面测试。 金融界 2025 年 4 月 5 日消息，国家知识产权局信息显示，江西江铃汽车集团上饶实业有限公司申请一 项名为"EGR 冷却器热工性能测试系统及其测试方法"的专利，公开号 CN 119756923 A，申请日期为 2025 年 3 月。 天眼查资料显示，江西江铃汽车集团上饶实业有限公司，成立于2008年，位于上饶市，是一家以从事汽 车制造业为主的企业。企业注册资本5000万人民币， ...

Industry Overview - The RV, known as "home on wheels," combines the functions of a home and a vehicle, with types including motorhomes, towable RVs, off-road RVs, and racing RVs [1][4] - The RV market in China is transitioning from the introduction phase to the cultivation phase, with sales showing an upward trend, leading to market expansion [1][12] - The market size of China's RV industry has grown from approximately 50 billion yuan in 2018 to 108.49 billion yuan in 2024 [1][12] Domestic Market - Government policies such as the "14th Five-Year Plan for Tourism Development" and "Guidance on Promoting High-Quality Development of the Automotive Aftermarket" are fostering the growth of RV tourism and camping [6] - In 2024, 245 companies reported 895 new RV models, a 5.67% increase from 2023 [6] - The total RV sales in China increased from 7,374 units in 2018 to 11,748 units in 2024, although it decreased by 19.8% compared to 2023 [8] Market Competition - The RV industry in China has a low concentration, with CR3 and CR6 at 22.28% and 34.26% respectively, indicating a fragmented competitive landscape [14] - Major players include SAIC Maxus, Yutong Bus, Zhejiang Dade Longcui, and others, with SAIC Maxus holding approximately 10.39% of the market share [14] Development Trends - The RV industry is accelerating towards new energy and smart technology integration, with companies like Yutong and SAIC Maxus introducing electric RVs [20] - The integration of RVs with cultural tourism is creating new consumption scenarios, supported by government initiatives to establish RV stations along popular travel routes [22]

Summary of Jiangling Motors Conference Call Company Overview - **Company**: Jiangling Motors - **Industry**: Automotive Key Points and Arguments 2024 Performance - Jiangling Motors achieved a total sales volume of 341,000 units in 2024, representing a year-on-year growth of 10% [3] - Export volume reached 116,600 units, accounting for approximately one-third of total sales [3] - Net profit attributable to shareholders was 1.5 billion RMB, showing significant growth, especially in net profit after excluding non-recurring gains and losses [3] 2025 Sales Targets - The company set a sales target of 390,000 units for 2025, an increase of nearly 50,000 units compared to 2024 [4][5] - Growth is expected to come from the export market (approximately 20,000 units) and the domestic new energy vehicle (NEV) market (approximately 30,000 units) [4][5] New Energy Vehicle Developments - In February 2025, Jiangling launched new electric platform models, achieving retail sales of over 2,000 units [6] - The company aims to sell over 20,000 NEVs in 2025, up from approximately 10,000 in 2024 [16] Research and Development Investment - R&D investment increased in 2024, with a notable rise in expense recognition, indicating a commitment to enhancing competitiveness and meeting consumer demands [7] Product Performance and Market Strategy - Ford's performance products, Mustang and Explorer, are expected to maintain sales levels in 2025, catering to differentiated customer needs [8] - Jiangling's SUV sales focus on overseas markets, with plans to introduce plug-in hybrid products internationally [9] Profitability and Cost Management - Double Forest Co. saw an improvement in gross margin in 2024 due to a 10% increase in sales and optimization of sales structure [10] - The sales expense ratio was below 1% in Q4 2024, attributed to accounting adjustments and sales structure optimization [11] - The company aims to maintain a gross margin close to 17% in 2025 if the sales structure remains favorable [11] Export and Revenue Projections - Total sales for 2025 are projected to approach 400 billion RMB, with export volume expected to be around 130,000 units [19] - The company plans to maintain a transparent and stable profit distribution policy, allocating 40% of profits for cash distribution in 2024 [20] Collaboration and Future Plans - Jiangling collaborates with WeRide and Roborock in the autonomous driving sector, focusing on logistics vehicles, though further cooperation is limited due to high costs [23] - New vehicle launches in 2025 include electric platform light trucks and vans, with additional models planned for later in the year [24] Asset Impairment and Risk Management - Asset impairment provisions were primarily related to fixed assets and inventory, with potential ongoing impairment risks in future operations [13] Market Trends and Strategic Response - The increasing penetration of NEVs poses challenges for profitability; Jiangling adopts a cautious approach to ensure coverage of variable costs without aggressive marketing [14] Additional Important Information - In 2024, Jiangling exported a total of 111,600 units, with passenger vehicles accounting for approximately 70% [21] - The company is focusing on optimizing its sales channels for both NEVs and traditional fuel vehicles to ensure profitability for dealers [17]

| 经营活动产生的 | | | | | | --- | --- | --- | --- | --- | | 现金流量净额 | 2.633.384.217.00 | 4.567.539.866.00 | -42.35% | -1.518.573.952.00 | | (元) | | | | | | 基本每股收益 | 1.78 | 1.71 | 4.17% | 1.06 | | (元/股) | | | | | | 稀释每股收益 | 1.78 | 1.71 | 4.17% | 1.06 | | (π/股) | | | | | | 加权平均净资产 | 14.20% | 15.06% | -0.86% | 10.28% | | 收益率 | | | | | | | 2024 年末 | 2023 年末 | 本年末比上 | 2022年末 | | | | | 年末增减 | | | 总资产(元) | 30.839.912.640.00 | 29,141,187,886.00 | 5.83% | 27.468.321.835.00 | | 归属于上市公司 | | | | | | 股东的净资产 | 11.292.579.854.00 ...