9月23日晚间，江铃汽车发布公告称，江铃汽车拟与福特汽车公司按原有持股比例共同向公司控股子公 司江铃福特汽车科技（上海）有限公司（以下简称"江铃福特（上海）"）进行增资，其中本公司以债转 股方式出资约12.64亿元，福特以现金出资约12.14亿元，用于清偿江铃福特（上海）的负债。本次增资 完成后，江铃汽车持有江铃福特（上海）51%的股权，持股比例保持不变。 同时，公告还宣布，因公司乘用车业务发展的需要，江铃汽车、江铃汽车销售有限公司和福特汽车销售 服务（上海）有限公司（即福特汽车公司之全资子公司）签署了《江铃国产福特整车分销服务合同》， 委托福特汽车销售服务（上海）有限公司为本公司生产的福特品牌乘用车和皮卡提供全面分销服务。 ...

9月23日，江铃汽车股份有限公司（以下简称"江铃汽车"）相关负责人在接受《每日经济新闻》记者采 访时表示，作为品牌方，福特将整合江铃福特和长安福特乘用车营销渠道，由福特中国新成立的全资子 公司统一管理，具体情况预计在10月进行官宣。 "并不存在江铃福特并入长安福特一说。"上述江铃汽车相关负责人强调，整合后，江铃福特与长安福特 的销售渠道将同时销售两家主机厂产品，包括福特从海外进口的皮卡车辆。 ...

Core Viewpoint - Jiangling Motors (000550.SZ) has signed a distribution service contract with Ford Motor Company to enhance its passenger vehicle business, indicating a strategic partnership aimed at improving sales and distribution efficiency [1] Group 1: Business Development - Jiangling Motors, along with its wholly-owned subsidiary Jiangling Motors Sales Co., has entered into a contract with Ford Motor Sales and Service (Shanghai) Co., to provide comprehensive distribution services for Ford-branded passenger cars and pickups produced by Jiangling [1] - The company plans to increase capital in its subsidiary Jiangling Ford Automotive Technology (Shanghai) Co., with Jiangling contributing 126.378 million yuan through debt-to-equity conversion and Ford contributing 121.422 million yuan in cash to settle debts [1] Group 2: Ownership Structure - After the capital increase, Jiangling Motors will maintain a 51% stake in Jiangling Ford (Shanghai), ensuring that its ownership structure remains unchanged despite the financial restructuring [1]

Core Viewpoint - Jiangling Motors has signed a distribution service contract with Ford's subsidiary to enhance the sales of Ford-branded passenger cars and pickups [1] Group 1: Company Actions - Jiangling Motors and its wholly-owned subsidiary, Jiangling Motors Sales Co., have entered into a distribution service agreement with Ford Motor Sales and Service (Shanghai) Co., Ltd. to provide comprehensive distribution services for Ford-branded vehicles [1] - The company plans to jointly increase capital in its subsidiary, Jiangling Ford Automotive Technology (Shanghai) Co., Ltd., with Ford, maintaining its 51% ownership stake [1] - Jiangling Motors will convert debts into equity amounting to 1.26378 billion yuan, while Ford will contribute 1.21422 billion yuan in cash to settle Jiangling Ford's liabilities [1] Group 2: Financial Overview - As of June 30, 2025, Jiangling Ford's total liabilities are reported to be 2.296 billion yuan, with 1.47 billion yuan owed to Jiangling Motors due to daily operations [1] - The capital increase and debt settlement arrangements are expected to have no impact on the company's total profit [1]

江铃汽车，本公司拟与福特汽车公司按原有持股比例共同向公司控股子公司江铃福特汽车科技（上海） 有限公司进行增资，其中本公司以债转股方式出资126,378万元，福特以现金出资121,422万元，用于清 偿江铃福特（上海）的负债。本次增资完成后，公司持有江铃福特（上海）51%的股权，持股比例保持 不变。 ...

证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025-042 200550 江铃B 江铃汽车股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、关联交易概述 （一）本次关联交易的基本情况 1、因公司乘用车业务发展的需要，江铃汽车股份有限公司（以下简称"江铃汽车"或 "本公司"）、江铃汽车销售有限公司（本公司之全资子公司）和福特汽车销售服务（上 海）有限公司（福特汽车公司之全资子公司）签署了《江铃国产福特整车分销服务合同》， 委托福特汽车销售服务（上海）有限公司为本公司生产的福特品牌乘用车和福特品牌皮卡 提供全面的分销服务。 2、本公司拟与福特汽车公司（以下简称"福特"）按原有持股比例共同向公司控股子 公司江铃福特汽车科技（上海）有限公司（以下简称"江铃福特（上海）"）进行增资， 其中本公司以债转股方式出资126,378万元，福特以现金出资121,422万元，用于清偿江铃福 特（上海）的负债。本次增资完成后，公司持有江铃福特（上海）51%的股权，持股比例 保持不变。 （二）关联关系概述 福特持有本公司32%的股权，为本公司第二大股东 ...

四、会议决议 证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—041 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的内容真实、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"本公司"）董事会于 2025 年 9 月 22 日向全体董事、监事、执行委员会成员及相关人员发出了书面会议通 知。 二、会议召开时间、地点、方式 本次董事会会议于 2025 年 9 月 22 日以书面会议形式召开。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。 江铃汽车股份有限公司 董事会 2025 年 9 月 24 日 1 与会董事经过讨论，通过以下决议： 一、董事会批准本公司、江铃汽车销售有限公司和福特汽车销售服务（上海） 有限公司之间的《江铃国产福特整车分销服务合同》，并授权公司执行副总裁衷 俊华代表公司签署。 二、董事会同意福特汽车公司和本公司之间的《关于江铃福特汽车科技（上 海）有限公司合资及 ...

Core Insights - On September 22, brokerages set target prices for listed companies, with notable increases for Gao Weida, SAIC Motor, and Haitian Flavoring, showing target price increases of 98.76%, 37.72%, and 27.18% respectively, across the software development, passenger vehicle, and seasoning industries [1][3] Group 1: Target Price Increases - Gao Weida received a target price of 51.50 yuan, reflecting a target price increase of 98.76% [3] - SAIC Motor's target price was set at 26.25 yuan, indicating a 37.72% increase [3] - Haitian Flavoring's target price reached 50.25 yuan, with a 27.18% increase [3] Group 2: Rating Adjustments - One company, Tebian Electric Apparatus, had its rating upgraded from "Hold" to "Strong Buy" by China Merchants Securities [4] - One company, Jiangling Motors, had its rating downgraded from "Buy" to "Hold" by Industrial Securities [5] Group 3: First Coverage - On September 22, brokerages initiated coverage on nine companies, including Jiangling Motors with a rating of "Hold" from Industrial Securities, and Ximai Food with a "Hold" rating from Shanxi Securities [6] - Gao Weida received a "Buy" rating from Dongwu Securities [6] - Other companies receiving coverage include Hengxin Life with a "Hold" rating and Xianglou New Materials with a "Hold" rating [6]

Group 1 - The State Intellectual Property Office of China has granted Jiangling Motors Corporation a patent for a device and method to reflect the water level in diesel filters, with the authorization announcement number CN119957395B and an application date of January 2025 [1] - Jiangling Motors Corporation, established in 1997 and located in Nanchang, primarily engages in the automotive manufacturing industry, with a registered capital of 863.214 million RMB [1] - According to data analysis from Tianyancha, Jiangling Motors has invested in 9 companies, participated in 1,802 bidding projects, holds 851 trademark records, has 4,724 patent records, and possesses 675 administrative licenses [1]

Core Viewpoint - Jiangling Motors' stock price has experienced a decline of 8.02% year-to-date, with a recent drop of 2.01% on September 8, 2023, indicating potential challenges in the market [1][2]. Financial Performance - For the first half of 2025, Jiangling Motors reported a revenue of 18.09 billion yuan, reflecting a year-on-year growth of 0.96%. However, the net profit attributable to shareholders decreased by 18.17% to 733 million yuan [2]. - Cumulative cash dividends since the A-share listing amount to 14.22 billion yuan, with 1.57 billion yuan distributed over the past three years [3]. Stock Market Activity - As of September 8, 2023, Jiangling Motors' stock was trading at 20.92 yuan per share, with a market capitalization of 18.06 billion yuan. The trading volume was 61.8 million yuan, with a turnover rate of 0.56% [1]. - The stock has seen a net outflow of 3.70 million yuan from main funds, with large orders accounting for 9.83% of purchases and 15.82% of sales [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 6.08% to 42,800, with an average of 14,082 shares held per shareholder, an increase of 7.55% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 15.32 million shares, a decrease of 6.68 million shares from the previous period [3].