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].

Core Viewpoint - Jiangling Motors Corporation has applied for a patent related to a "Maintenance Switch Interlock Control Method, Device, Storage Medium, and Automobile," indicating a focus on enhancing vehicle safety and maintenance protocols [1] Group 1: Patent Application - The patent application, published as CN120588795A, was filed on April 2025 [1] - The method involves a control circuit for maintenance switch interlock, distinguishing between maintenance and high-voltage interlock states [1] - Key steps include real-time detection of the maintenance switch circuit voltage and sending maintenance instructions based on voltage thresholds [1] Group 2: Company Overview - Jiangling Motors Corporation was established in 1997 and is located in Nanchang, primarily engaged in the automotive manufacturing industry [1] - The company has a registered capital of 8,632.14 million RMB [1] - Jiangling Motors has invested in 9 enterprises and participated in 1,782 bidding projects, with a total of 4,722 patents and 851 trademark registrations [1]

Market Performance - The commercial vehicle sector increased by 1.14% on September 5, with Jiangling Motors leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Jiangling Motors (000550) closed at 21.35, up 2.50% with a trading volume of 66,100 shares and a turnover of 140 million yuan [1] - Yutong Bus (600066) closed at 29.77, up 2.16% with a trading volume of 263,500 shares and a turnover of 788 million yuan [1] - China National Heavy Duty Truck Group (000951) closed at 17.78, up 1.77% with a trading volume of 117,700 shares and a turnover of 208 million yuan [1] - Other notable stocks include Zhongtong Bus (000957) at 11.44 (up 1.51%), Foton Motor (600166) at 2.74 (up 1.48%), and Ankai Bus (000868) at 5.77 (up 1.41%) [1] Capital Flow Analysis - The commercial vehicle sector experienced a net outflow of 129 million yuan from institutional investors, while retail investors saw a net inflow of 23.1 million yuan [1] - Notable capital flows include China National Heavy Duty Truck Group with a net inflow of 17.64 million yuan from institutional investors and a net inflow of 20.14 million yuan from retail investors [2] - Foton Motor had a net inflow of 9.55 million yuan from institutional investors, but a net outflow of 24.23 million yuan from retail investors [2]

Core Viewpoint - Jiangling Motors announced a projected total vehicle sales of 30,000 units in August 2025, representing a year-on-year growth of 8.92% and a production volume of 29,700 units, which is a year-on-year increase of 4.25% [1] Group 1 - The SUV segment showed significant performance, with production and sales increasing by 27.29% and 23.26% respectively in August [1]