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江铃B:江铃汽车股份有限公司2023年9月产销情况的自愿性信息披露公告(英文版)
2023-10-08 08:52
Share's code: 000550 Share's Name: Jiangling Motors No.: 2023-035 200550 Jiangling B Jiangling Motors Corporation, Ltd. Production And Sales Volume Information In September 2023 | Product | Sep. | Sep. | Production Volume (Unit) Changes | Year to | Same | Changes | Sep. | Sep. | Sales Volume (Unit) Changes | Year to | Same | Changes | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2023 | 2022 | (%) | Month | Period Last Year | (%) | 2023 | 2022 | (%) | Month | Period Las ...
江铃B:江铃汽车股份有限公司2023年8月产销情况的自愿性信息披露公告(英文版)
2023-09-05 11:16
complete and does not contain any false statement, misrepresentation or major omission. The table on production and sales volume in August 2023 of Jiangling Motors Corporation, Ltd. is as follows: Jiangling Motors Corporation, Ltd. Production And Sales Volume Information In August 2023 Jiangling Motors Corporation, Ltd. and its Board members undertake that the information disclosed herein is truthful, accurat e and | Product | Aug. | Aug. | Production Volume (Unit) Changes | Year to | Same | Changes | Aug. ...
江铃B(200550) - 2023 Q2 - 季度财报
2023-08-29 16:00
Financial Performance - In the first half of 2023, the company achieved total vehicle sales of 146,350 units, an increase of 7.64% year-on-year[18]. - The company's total production for the same period was 143,150 units, reflecting an 8.00% year-on-year increase[18]. - Revenue for the first half of 2023 reached CNY 15.429 billion, up 8.48% compared to the previous year[20]. - The net profit attributable to shareholders was CNY 729 million, representing a significant increase of 61.23% year-on-year, driven by sales growth and reduced raw material costs[18]. - The company's gross profit margin improved to 14.73%, an increase of 1.43 percentage points from the previous year[20]. - The production and sales of new energy vehicles reached 3.788 million and 3.747 million units respectively, with a year-on-year growth of 42.4% and 44.1%[18]. - The company reported a total profit of RMB 355,082,666 for the first half of 2023, down 15.8% from RMB 421,914,447 in the same period of 2022[105]. - Operating profit for the first half of 2023 was RMB 348,625,588, a decrease of 17.0% from RMB 420,401,337 in the first half of 2022[105]. - The net profit for the first half of 2023 was RMB 729,387,557, compared to a net profit of RMB 601,523,155 in the first half of 2022, indicating an increase of approximately 21.3% year-over-year[148]. Market Position and Strategy - The company is transitioning from a scale expansion model to a lean value growth model, focusing on high-quality development[18]. - JMC's light commercial vehicle market share remains the highest in its segment, with a significant increase in export sales, doubling year-on-year[40]. - The company plans to enhance its product offerings and market presence through ongoing research and development initiatives[18]. - JMC's new pickup brand "JMC Avenue" targets the mid-to-high-end market, establishing a comprehensive product matrix across all price ranges[40]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[129]. Financial Position - Cash and cash equivalents at the end of the reporting period reached ¥9,875,434,450, accounting for 35.41% of total assets, an increase of 4.08% from the previous year[44]. - The company's accounts receivable increased to ¥4,392,802,999, representing 15.75% of total assets, up by 0.29% from the previous year[44]. - JMC's inventory decreased to ¥1,765,496,170, accounting for 6.33% of total assets, down by 1.42% year-on-year[44]. - Total liabilities as of June 30, 2023, reached RMB 18,508,591,137, an increase from RMB 18,227,675,051 as of December 31, 2022, representing a growth of 1.55%[104]. - Total shareholders' equity as of June 30, 2023, was RMB 9,379,654,906, compared to RMB 9,240,646,784 as of December 31, 2022, indicating an increase of 1.51%[104]. - The total assets and liabilities combined amounted to RMB 27,888,246,043 as of June 30, 2023, up from RMB 27,468,321,835 at the end of 2022, reflecting a growth of 1.53%[104]. - The company's retained earnings reached RMB 7,486,422,914 as of June 30, 2023, up from RMB 7,123,038,093 at the end of 2022, showing an increase of 5.09%[104]. Cash Flow and Investments - In the first half of 2023, the company's cash inflow from operating activities reached RMB 18.12 billion, a 25% increase compared to RMB 14.41 billion in the same period of 2022[128]. - The net cash flow from operating activities was RMB 1.66 billion, a significant recovery from a net outflow of RMB 3.33 billion in the first half of 2022[128]. - The company raised RMB 2.64 billion through financing activities in the first half of 2023, compared to RMB 2.43 billion in the same period of 2022, indicating a 9% increase[128]. - The total cash outflow from investing activities was RMB 798 million, compared to RMB 731 million in the first half of 2022, representing a 9% increase[128]. Shareholder Information - The total number of shares outstanding is 863,214,000, with 99.91% being unrestricted shares[72]. - The largest shareholder, Nanchang Jiangling Investment Co., Ltd., holds 354,176,000 shares, accounting for 41.03% of total shares[93]. - Ford Motor Company is the second-largest shareholder with 276,228,394 shares, representing 32.00% of total shares[93]. - The total number of common shareholders at the end of the reporting period is 43,677, with a 5% increase, including 38,093 A-shares and 5,584 B-shares[92]. Environmental and Social Responsibility - The company invested CNY 1.5 million in solid waste disposal and CNY 0.5 million in environmental monitoring in the first half of 2023[32]. - The energy-saving optimization of VOC treatment equipment resulted in a reduction of RTO startup time from 2.5 hours to 1 hour, saving 900,000 kWh of electricity and 70,000 cubic meters of natural gas annually[57]. - The air compressor station for painting achieved a reduction in energy consumption by saving 200,000 kWh annually through improved control of the drying machine's frequency range[57]. Accounting and Financial Reporting - The financial statements are reported in Renminbi (RMB) with specific attention to the units used in the financial notes[101]. - The company’s financial statements for the first half of 2023 comply with the requirements of the enterprise accounting standards, reflecting a true and complete picture of the financial status as of June 30, 2023[161]. - The company has established specific accounting policies and estimates based on its operational characteristics, particularly in measuring expected credit losses for receivables and inventory valuation methods[159]. - The company recognizes expected credit losses for financial assets based on the entire duration of the asset's life, regardless of significant financing components[179].
江铃B:江铃汽车股份有限公司监事会决议公告(英文版)
2023-08-29 11:01
| Share's code: | 000550 | Share's Name: | Jiangling | Motors | No.: | 2023-032 | | --- | --- | --- | --- | --- | --- | --- | | | 200550 | | Jiangling B | | | | Jiangling Motors Corporation, Ltd. Public Announcement on Resolutions of the Supervisory Board Jiangling Motors Corporation, Ltd. and the members of its Supervisory Board undertake that the information disclosed herein is truthful, accurate and complete and does not contain any false statement, misrepresentation or major omission. I. Time, Place & F ...
江铃B:江铃汽车股份有限公司董事会决议公告(英文版)
2023-08-29 11:01
| Share's code: | 000550 | Share's Name: | Jiangling | Motors | No.: | 2023-031 | | --- | --- | --- | --- | --- | --- | --- | | | 200550 | | Jiangling B | | | | Jiangling Motors Corporation, Ltd. Public Announcement on Resolutions of the Board of Directors 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. I. Informing of the Meeting The Boar ...
江铃汽车:半年报董事会决议公告
2023-08-29 11:01
证券代码: 000550 证券简称: 江铃汽车 公告编号: 2023-031 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 2023 年 8 月 21 日以专人邮件形式向全体董事、监事、执行委员会成员及相关人员发 出了此次董事会相关议案。 二、会议召开时间、地点、方式 本次董事会会议于 2023 年 8 月 21 日至 8 月 28 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、董事会批准公司《2023 年半年度报告》和《2023 年半年度报告摘要》。 同意:9 票;反对:0 票;弃权:0 票。 公司《2023 年半年度报告》和《2023 年半年度报告摘要》全文刊登于巨潮资 讯网 www.cninfo.com.cn。 2、董事会批准《江铃汽 ...
江铃汽车:半年报监事会决议公告
2023-08-29 11:01
三、会议决议 与会监事以书面表决形式通过以下决议: 证券代码: 000550 证券简称: 江铃汽车 公告编号: 2023-032 200550 江铃 B 江铃汽车股份有限公司 监事会决议公告 本公司及监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、会议召开时间、地点、方式 本次监事会会议于 2023 年 8 月 21 日至 8 月 28 日以书面表决形式召开。会 议的召集、召开符合有关法律、法规和公司章程的规定。 二、监事会出席会议情况 应出席会议监事 5 人,实到 5 人。 批准公司《2023 年半年度报告》和《2023 年半年度报告摘要》,并发表意见 如下:监事会认为董事会编制和审议公司 2023 年半年度报告的程序符合法律、 行政法规及中国证监会的规定,报告内容真实、准确、完整地反映了上市公司的 实际情况,不存在任何虚假记载、误导性陈述或者重大遗漏。 同意:5 票;反对:0 票;弃权:0 票。 公司《2023 年半年度报告》和《2023 年半年度报告摘要》全文刊登于巨潮资 讯网(www.cninfo.com.cn)。 特此公告! 江铃汽车股份有限公司 监事会 ...
江铃B(200550) - 2022 Q3 - 季度财报
2022-10-25 16:00
Financial Performance - Total revenue for Q3 2022 was CNY 7.81 billion, a decrease of 0.08% year-on-year, while year-to-date revenue reached CNY 22.03 billion, down 13.57% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was CNY 264.80 million, an increase of 266.58% year-on-year, with year-to-date net profit at CNY 717.18 million, up 50.21%[4] - Total operating revenue for the period was ¥22,031,617,358, a decrease of 13.7% compared to ¥25,491,054,253 in the previous period[27] - Net profit attributable to shareholders of the parent company increased to ¥717,184,815, compared to ¥477,449,908 in the same period last year, representing a growth of 50.2%[27] - The company reported a total comprehensive income of ¥679,143,562, compared to ¥477,449,908 in the previous period, reflecting overall improved financial performance[29] Vehicle Sales - The company sold 207,671 vehicles in the first three quarters, a decrease of 16.63% year-on-year, including 50,538 trucks, 49,115 pickups, 53,796 SUVs, and 54,222 light passenger vehicles[10] Cash Flow - The net cash flow from operating activities for the first three quarters was CNY -2.22 billion, a decrease of 389.83% year-on-year[4] - The company reported a total cash outflow from operating activities of ¥25,575,210,949, down from ¥29,271,673,042 in the previous period, indicating improved cash management[33] - Cash inflow from operating activities was ¥23,352,280,809, down from ¥28,817,851,920, reflecting a decrease in sales volume[33] - The company achieved a net cash flow from financing activities of ¥1,271,812,122, a significant improvement compared to a net outflow of ¥3,025,285,787 in the previous period[33] Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 26.88 billion, an increase of 1.98% from the end of the previous year[6] - Total assets as of September 30, 2022, reached CNY 26,880,819,216, an increase from CNY 26,359,084,120 at the end of 2021[21] - Total liabilities amounted to CNY 17,200,000,000, with current liabilities at CNY 16,000,000,000[21] - The total liabilities increased slightly to ¥17,826,845,989 from ¥17,803,639,531, indicating stable financial leverage[24] Shareholders' Equity - Shareholders' equity attributable to the parent company was CNY 9.04 billion, up 5.70% from the end of the previous year[6] - The total equity attributable to shareholders of the parent company increased to ¥9,043,014,480 from ¥8,555,444,589, showing a growth of 5.7%[24] Research and Development - Research and development expenses increased by 168.18% year-on-year, reflecting a rise in capitalized R&D investments[10] - Research and development expenses were ¥1,033,734,057, down from ¥1,127,465,570, indicating a focus on cost control in R&D[27] - The company has ongoing development expenditures of CNY 297,693,532, up from CNY 111,004,350, indicating increased investment in R&D[21] Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 8,937,933,216 from CNY 9,569,051,314[21] - Cash and cash equivalents at the beginning of the year amounted to 9,569,051,314.00, while the end balance was 8,937,933,216.00, indicating a decrease[36] - The cash and cash equivalents at the end of the period increased from 7,801,491,369.00 to 8,937,933,216.00, reflecting a growth of approximately 14.6%[36] Other Income and Expenses - Other income increased by 52.72% year-on-year, primarily due to increased government subsidies received[10] - The company reported a significant increase in asset disposal gains, which rose by 1461.58% year-on-year to CNY 3.7 billion due to the disposal of land and buildings[10] Borrowings - Short-term borrowings increased by CNY 1.5 billion, a rise of 500% compared to the end of the previous year[10] - Short-term borrowings surged to CNY 1,800,000,000 from CNY 300,000,000, reflecting a significant increase in leverage[21] Accounts Receivable and Payable - Accounts receivable increased significantly to CNY 4,532,108,125 from CNY 2,994,798,227, indicating a growth of approximately 51.3%[21] - The company reported a decrease in accounts payable to CNY 8,283,731,852 from CNY 9,702,584,830[21] Audit Status - The third quarter report was not audited, which may impact the reliability of the financial data presented[36]
江铃B(200550) - 2022 Q2 - 季度财报
2022-08-29 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was CNY 14,222,759,384, a decrease of 19.53% compared to CNY 17,675,621,088 in the same period last year[27]. - Net profit attributable to shareholders was CNY 452,381,022, an increase of 11.64% from CNY 405,214,055 year-on-year[27]. - The net profit after deducting non-recurring gains and losses was CNY -108,434,576, a decline of 195.25% compared to CNY 113,841,875 in the previous year[27]. - The net cash flow from operating activities was CNY -3,331,546,475, a significant decrease of 4,864.94% from CNY 69,917,849 in the same period last year[27]. - Basic earnings per share increased to CNY 0.52, up 11.64% from CNY 0.47 year-on-year[27]. - Total revenue for the reporting period was ¥14,222,759,384, a decrease of 19.53% compared to ¥17,675,621,088 in the same period last year[48]. - The automotive segment accounted for 100% of total revenue, with complete vehicles generating ¥12,865,705,605, down 20.99% year-on-year[48]. - Gross profit margin for the automotive industry was 13.30%, a decline of 1.55% from the previous year[48]. - The total profit for the first half of 2022 was RMB 421,914,447, slightly up from RMB 421,564,950 in the same period of 2021[148]. - Operating profit for the first half of 2022 was RMB 420,401,337, a marginal decrease from RMB 421,639,655 in the first half of 2021[148]. Cash Flow and Investments - The company reported a significant decrease in net cash flow from operating activities, down 4,864.94% to -3.33 billion yuan[44]. - Financing activities generated a net cash flow of 1.12 billion yuan, a 6,426% increase due to an increase in short-term borrowings[47]. - Total cash inflow from operating activities decreased to ¥14.41 billion in H1 2022, down 27.5% from ¥19.79 billion in H1 2021[154]. - Net cash outflow from operating activities was ¥3.33 billion in H1 2022, compared to a net inflow of ¥69.92 million in H1 2021[154]. - Cash inflow from investment activities totaled ¥1.17 billion in H1 2022, a decline of 44.1% from ¥2.10 billion in H1 2021[154]. - Total cash outflow for investment activities was ¥730.70 million in H1 2022, significantly lower than ¥2.33 billion in H1 2021[154]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,869,296,314, a decrease of 1.86% from CNY 26,359,084,120 at the end of the previous year[27]. - The company's total liabilities as of June 30, 2022, were RMB 17,072,543,267, down from RMB 17,803,639,531 at the end of 2021, indicating a reduction of about 4.10%[145]. - Cash and cash equivalents at the end of the reporting period were ¥7,799,258,684, representing 30.15% of total assets, down 6.15% from the previous year[53]. - Accounts receivable increased to ¥4,503,086,630, accounting for 17.41% of total assets, up 6.05% year-on-year[53]. - Short-term borrowings increased to ¥1,400,000,000, representing 5.41% of total liabilities, up 4.27% year-on-year[53]. - The total liabilities to equity ratio improved to approximately 1.94 as of June 30, 2022, compared to 2.08 at the end of 2021, indicating a strengthening of the company's financial position[145]. Research and Development - The company increased R&D investment by 15.46% to 896.95 million yuan in the first half of 2022[44]. - Research and development expenses amounted to RMB 666,994,373, a decrease of 8.2% compared to RMB 726,466,190 in the first half of 2021[148]. Market Performance - In the first half of 2022, the company achieved vehicle sales of 135,957 units, a year-on-year decrease of 23.24%[38]. - The automotive market in China saw a total vehicle sales decline of 6.6% in the first half of 2022, impacting the company's performance[38]. - The company exported 16,260 passenger vehicles from January to July 2022, representing a 55% year-on-year increase[42]. Strategic Focus and Future Plans - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company plans to enhance its digital operations and develop autonomous driving and smart connectivity features[38]. - The company is focusing on technology innovation and expanding its product offerings in the smart logistics sector[39]. - The company plans to focus on light commercial vehicles and SUVs, enhancing technological innovation and accelerating the development of new energy vehicles[72]. - The company aims to enhance digital transformation and improve customer experience through digital marketing strategies[72]. Environmental Compliance and Initiatives - The company has implemented measures to ensure compliance with environmental standards, achieving compliance in pollutant emissions[84]. - The company has completed the environmental acceptance of the VOC treatment project at the Xiaolan painting facility[84]. - The distributed photovoltaic power generation project has a total installed capacity of 63.05 MWp, saving approximately 19,850 tons of standard coal annually and reducing CO2 emissions by about 52,122 tons each year[88]. - The company has implemented energy-saving measures, including automatic temperature control in paint drying rooms, saving approximately 240,000 cubic meters of natural gas annually[88]. - The company reported no administrative penalties related to environmental issues during the reporting period[88]. Shareholder Information - The largest shareholder, Nanchang JMC Investment Co., Ltd., holds 354,176,000 shares, representing 41.03% of total shares[121]. - Ford Motor Company is the second-largest shareholder with 276,228,394 shares, accounting for 32.00% of total shares[121]. - The total number of shareholders at the end of the reporting period was 48,883, with 43,178 holding shares[121]. - The company did not issue any new shares or derivatives in the past three years, and there were no changes in share structure during the first half of 2022[117]. Legal and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[98]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[94]. - The company has not engaged in any major related party transactions during the reporting period[100]. - The semi-annual financial report has not been audited[96].
江铃B(200550) - 2021 Q4 - 年度财报
2022-03-29 16:00
Financial Performance - The total operating revenue for 2021 was ¥35,221,306,472, representing a 6.42% increase from ¥33,095,733,665 in 2020[25] - The net profit attributable to shareholders for 2021 was ¥574,165,944, up 4.26% from ¥550,698,958 in 2020[25] - Basic earnings per share for 2021 were ¥0.67, a 4.26% increase compared to ¥0.64 in 2020[28] - The net profit after deducting non-recurring gains and losses for 2021 was ¥29,628,811, a significant decrease of 92.69% from ¥405,188,533 in 2020[25] - The company reported a gross margin of 14.49% for the automotive sector, a decrease of 2.36% from the previous year[51] - The company reported a total revenue of 10 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[135] - Jiangling Motors reported a total revenue of 34 billion RMB for the year 2021, reflecting a year-on-year increase of 10%[148] Cash Flow and Investments - The net cash flow from operating activities decreased by 52.41% to ¥1,760,193,010 in 2021 from ¥3,698,342,828 in 2020[25] - The company’s cash flow from operating activities showed a net inflow of ¥2,214,014,132 in Q4, following a net outflow of -¥2,012,581,942 in Q1[31] - Investment cash inflow dropped significantly by 81.32% to CNY 2.92 billion in 2021 from CNY 15.61 billion in 2020[71] - Financing cash outflow surged by 149.40% to CNY 4.72 billion in 2021 from CNY 1.89 billion in 2020, leading to a net cash flow from financing activities of -CNY 3.23 billion[71] - The company’s net cash flow from investment activities improved by 95.89%, with a net outflow of -CNY 78.64 million in 2021 compared to -CNY 1.91 billion in 2020[71] Sales and Production - The total vehicle sales volume for 2021 was 341,008 units, representing a year-over-year increase of 2.99% compared to 2020[55] - The production volume for 2021 was 339,649 vehicles, which is a 0.99% increase compared to the previous year[50] - The total sales volume for light passenger vehicles increased by 5.50% to 100,168 units, while the total sales volume for SUVs increased by 14.90% to 53,096 units[42] - The total sales volume for new energy vehicles reached 2,157 units, generating sales revenue of ¥308,606,264[43] - The company delivered 34,000 vehicles in 2021, which is a 15% increase compared to the previous year[149] Research and Development - The company’s R&D expenses rose by 27.18% to 1.709 billion CNY in 2021[50] - Research and development expenses for 2021 amounted to CNY 1.89 billion, a 13.31% increase from CNY 1.66 billion in 2020, representing 5.36% of operating revenue[70] - The company is investing 500 million RMB in research and development for new technologies, particularly in electric and hybrid vehicles[154] - The company is committed to innovation, with ongoing research and development efforts aimed at new technologies in vehicle manufacturing[128] Market Strategy and Future Outlook - The company plans to achieve sales of 380,000 vehicles and revenue of approximately 39 billion CNY in 2022, representing an 11% increase from 2021[98] - The overall market is expected to see vehicle sales of 27.5 million units in 2022, a 3% year-on-year increase, with the passenger vehicle market projected to grow by 5.5%[95] - The company aims to enhance its leading position in the light commercial vehicle sector and expand its passenger vehicle business through a joint venture with Ford[98] - The new energy vehicle market is projected to grow by 56% in 2022, with sales expected to reach 5 million units[95] - Future guidance indicates an expected revenue growth of 18% for 2022, driven by new product launches and market expansion efforts[135] Governance and Management - The company held four shareholder meetings in 2021, with investor participation rates of 75.92% and 75.44% for the first two meetings[109][110] - The company has established an independent financial department with a standardized accounting system and independent tax payment[106] - The company has a complete and independent procurement, production, and sales system[106] - The company has shown commitment to enhancing its governance structure through various board meetings and personnel changes throughout 2021[169] - The company has emphasized the importance of considering the interests of minority shareholders in its decision-making processes[175] Employee and Remuneration - The total pre-tax remuneration for senior management during the reporting period amounted to approximately 17.1 million RMB, including 1.1 million RMB from long-term incentives deferred from previous years[159] - The company had a total of 12,930 employees at the end of the reporting period, with 8,470 in production, 599 in sales, and 2,992 in technical roles[188] - The company has 912 retired employees for whom it bears costs, indicating a commitment to employee welfare[188] Sustainability and Corporate Responsibility - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% by 2025[120] - The company is committed to sustainability and is exploring new technologies to reduce environmental impact in its operations[130] - Jiangling Motors is focusing on sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[154]