Core Viewpoint - Jiangling Motors announced a revenue of 18.092 billion yuan for the first half of 2025, representing a year-on-year growth of 0.96%, while the net profit attributable to shareholders decreased by 18.17% to 733 million yuan. The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital [1]. Financial Performance - Revenue for the first half of 2025 reached 18.092 billion yuan, showing a slight increase of 0.96% compared to the previous year [1]. - The net profit attributable to shareholders was reported at 733 million yuan, reflecting a decline of 18.17% year-on-year [1]. Dividend Policy - The company has decided not to distribute cash dividends, issue bonus shares, or convert reserves into share capital for the current period [1].

Financial Performance - The company's operating revenue for the first half of 2025 was CNY 18,092,386,210, an increase of 0.96% compared to CNY 17,920,065,801 in the same period last year[17]. - Net profit attributable to shareholders decreased by 18.17% to CNY 732,728,047 from CNY 895,480,117 year-on-year[17]. - The net profit after deducting non-recurring gains and losses fell by 33.44% to CNY 539,916,206 compared to CNY 811,172,488 in the previous year[17]. - The company's cash flow from operating activities turned negative at CNY -64,497,784, a decline of 108.80% from CNY 733,329,677 in the same period last year[17]. - The company's total revenue for the reporting period was ¥18,092,386,210, representing a 0.96% increase compared to ¥17,920,065,801 in the previous year[30]. - The gross profit margin for the automotive sector was 14.11%, an increase of 0.55% year-on-year[33]. - The company reported a net profit of -2,047.99 million CNY for Jiangling Automobile Sales Co., with total revenue of 964,575.82 million CNY[50]. - Jiangling Heavy Duty Automobile Co. recorded a net profit of -812.66 million CNY, with total revenue of 93.10 million CNY[50]. - The net profit for the first half of 2025 was RMB 733,600,037, compared to RMB 610,884,829 in the same period of 2024, indicating a year-over-year increase of approximately 20%[105]. - The total comprehensive income for the first half of 2025 was RMB 733,600,037, compared to RMB 610,884,829 in the previous year, showing a growth of about 20%[105]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 31,031,239,311, reflecting a 0.62% increase from CNY 30,839,912,640 at the end of the previous year[17]. - The company's total liabilities reached RMB 20.49 billion, up from RMB 20.24 billion at the end of 2024, indicating an increase of about 1.23%[99]. - Current assets totaled RMB 20.76 billion, slightly up from RMB 20.49 billion at the end of 2024, representing a growth of around 1.32%[98]. - Cash and cash equivalents at the end of the reporting period amounted to ¥11,840,450,248, representing 38.16% of total assets, a decrease of 2.52% compared to the previous year[35]. - Accounts receivable increased to ¥5,685,857,715, accounting for 18.32% of total assets, an increase of 4.76% year-over-year[35]. - Inventory decreased to ¥1,590,186,600, which is 5.12% of total assets, down by 1.54% from the previous year[35]. - Fixed assets increased to ¥5,972,145,854, representing 19.25% of total assets, an increase of 0.61% compared to last year[35]. - Short-term borrowings decreased to ¥1,400,000,000, accounting for 4.51% of total assets, a decrease of 0.35% year-over-year[35]. - The total equity attributable to shareholders of the parent company was RMB 11.24 billion, down from RMB 11.29 billion, a decrease of about 0.44%[99]. - The company's retained earnings increased to RMB 9.30 billion from RMB 9.18 billion, an increase of approximately 1.29%[99]. Market and Product Development - The automotive industry showed strong growth, with production and sales reaching 15.62 million and 15.65 million vehicles, up 12.5% and 11.4% year-on-year, respectively[24]. - The market share of new energy vehicles reached 44.3%, with production and sales growing by 41.4% and 40.3% year-on-year, respectively[24]. - The company is focusing on high-quality development and transitioning from a scale expansion model to a lean value growth model[25]. - The company is increasing investment in new products, smart connectivity, and new energy technologies, aiming for a digital transformation[25]. - The company plans to actively expand into the RV and modified vehicle markets, creating unique products to lead market trends[25]. - Jiangling's light commercial vehicle sales reached 47,111 units, a year-on-year increase of 23.09%[26]. - Jiangling's light truck sales totaled 35,333 units in the first half of 2025, reflecting a year-on-year growth of 21.91%[26]. - Jiangling's export sales reached 69,000 units in the first half of 2025, marking a year-on-year increase of 24.3%[26]. - The company launched new products including the E Shun Da and E Fu Shun in the new energy vehicle segment, expanding its product offerings[28]. Research and Development - Research and development expenditure amounted to ¥785,291,234, a decrease of 2.09% from the previous year's ¥802,077,814[30]. - Research and development expenses amounted to RMB 652.93 million, up 5.8% from RMB 617.24 million in the previous year[101]. - The company aims to enhance its new energy product sales and penetration rate, focusing on high-quality project launches and differentiated services[49]. - The company plans to accelerate its digital transformation, expanding the application of AI models in product development and operational efficiency[49]. Shareholder and Corporate Governance - The company has no plans to distribute cash dividends or issue bonus shares for the half-year period[55]. - The company repurchased 8,570,478 shares, accounting for 0.9929% of the total share capital, with a total transaction amount of RMB 168,889,440[87]. - The largest shareholder, Nanchang Jiangling Investment Co., Ltd., holds 41.03% of the shares, while Ford Motor Company holds 32.00%[88]. - The total number of ordinary shareholders at the end of the reporting period was 42,757, with 36,816 A-share holders and 5,941 B-share holders[88]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[91]. - There were no significant related party transactions during the reporting period[76]. Financial Reporting and Compliance - The financial report for the first half of 2025 was not audited[96]. - The financial statements comply with the requirements of the enterprise accounting standards, accurately reflecting the financial position as of June 30, 2025, and the operating results and cash flows for the first half of 2025[116]. - The accounting period for the group follows the calendar year, from January 1 to December 31[117]. - The group uses Renminbi as the functional currency for accounting and financial reporting[118]. Risk Management and Impairment - The group has a policy of assessing impairment for non-current assets, including intangible assets, when there are indications of impairment[188]. - The group capitalizes development expenditures based on estimates of future cash flows and applicable discount rates[189]. - The company recognizes expected liabilities for product quality guarantees and supplier compensations when obligations are likely to lead to economic outflows[166]. - The company evaluates credit risk for financial assets at each reporting date to determine if there has been a significant increase in credit risk since initial recognition[135]. Taxation - The corporate income tax rate applicable to the company for the first half of 2025 is 15%, consistent with the rate for the first half of 2024[193]. - The company has been recognized as a high-tech enterprise, allowing it to apply a reduced corporate income tax rate of 15% for three years starting from 2024[193].

Group 1 - Jiangling Motors' stock price increased by 2.08% on August 26, reaching 21.15 CNY per share, with a trading volume of 120 million CNY and a turnover rate of 1.11%, resulting in a total market capitalization of 18.257 billion CNY [1] - Year-to-date, Jiangling Motors' stock price has decreased by 7.00%, with a 1.52% increase over the last five trading days, a 0.70% increase over the last 20 days, and a 5.47% increase over the last 60 days [1] - The company's main business revenue composition includes 90.43% from complete vehicles, 4.71% from parts, 2.97% from sales of materials and others, and 1.90% from automotive maintenance services and others [1] Group 2 - As of March 31, Jiangling Motors had 45,500 shareholders, an increase of 1.50% from the previous period, with an average of 13,093 circulating shares per shareholder, a decrease of 1.65% [2] - For the first quarter of 2025, Jiangling Motors reported operating revenue of 7.967 billion CNY, a slight decrease of 0.09% year-on-year, and a net profit attributable to shareholders of 306 million CNY, down 36.56% year-on-year [2] - Since its A-share listing, Jiangling Motors has distributed a total of 14.222 billion CNY in dividends, with 1.571 billion CNY distributed over the past three years [3]

Core Insights - Jiangling Motors Corporation has obtained a patent for a method analyzing the impact of front-end structure design on collision signals, with the patent granted under announcement number CN114254436B and the application date being December 2021 [1] Company Overview - Jiangling Motors Corporation was established in 1997 and is located in Nanchang City, primarily engaged in the automotive manufacturing industry [1] - The company has a registered capital of 863.214 million RMB [1] Investment and Intellectual Property - Jiangling Motors has invested in 9 enterprises and participated in 1,759 bidding projects [1] - The company holds 851 trademark registrations and 4,707 patent records, along with 678 administrative licenses [1]

8月14日，沪深两融数据显示，江铃汽车获融资买入额0.14亿元，居两市第2661位，当日融资偿还额0.10 亿元，净买入347.69万元。 融券方面，当日融券卖出0.18万股，净买入2.12万股。 最近三个交易日，12日-14日，江铃汽车分别获融资买入0.08亿元、0.09亿元、0.14亿元。 ...

Share's code： 000550 Share's Name： Jiangling Motors No.： 2025—035 Jiangling Motors Corporation, Ltd. The total amount of cash dividends distributed for A-shares (including taxes) = the actual number of A-shares participating in this dividend distribution (excluding repurchased shares) × the actual cash dividend per share = 510,643,522 shares × RMB 0.71914 per share (including taxes) = RMB 367,224,182.41 (including taxes). The cash dividend (including tax) per 10 shares calculated based on the Company's tota ...

证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—035 江铃汽车股份有限公司 2024 年年度权益分派实施公告 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。 特别提示： 年 12 月 31 日公司总股本 863,214,000 股为基数（其中 A 股股份总数为 519,214,000 股，B 股股份总数为 344,000,000 股），向全体股东每 10 股派发现金股利 7.12 元 （含税），不送红股，不以资本公积金转增股本，本次利润分配方案实施的股权登 记日前，公司股本若因回购股份等原因发生变化的，公司将以总股本扣除回购专户 中的股份数后剩余的股份数为基准，按照"现金分红金额固定不变"的原则重新计 算分配比例。 圳证券交易所上市公司自律监管指引第 9 号——回购股份》，回购专用账户中的股 份不享有利润分配权利，享有分配权的股数为 854,643,522 股。 考价计算公式如下： 账户中的股份不享有利润分配权利，因此公司 2024 年度利润分配方案实际为：以 公司现有总股本 863,214,000 股扣除已回购股份 8,570,478 ...

特别提示： 证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—035 200550 江铃 B 江铃汽车股份有限公司 2024 年年度权益分派实施公告 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。 1、江铃汽车股份有限公司（以下简称"公司"）2024 年度权益分配方案已获 2025 年 6 月 24 日召开的公司 2024 年度股东大会审议通过，该分配方案为：以 2024 年 12 月 31 日公司总股本 863,214,000 股为基数（其中 A 股股份总数为 519,214,000 股，B 股股份总数为 344,000,000 股），向全体股东每 10 股派发现金股利 7.12 元 （含税），不送红股，不以资本公积金转增股本，本次利润分配方案实施的股权登 记日前，公司股本若因回购股份等原因发生变化的，公司将以总股本扣除回购专户 中的股份数后剩余的股份数为基准，按照"现金分红金额固定不变"的原则重新计 算分配比例。 2、截至本公告披露日，公司股份回购专用账户中有 8,570,478 股，根据《深 圳证券交易所上市公司自律监管指引第 9 号 ...

金融界2025年8月13日消息，国家知识产权局信息显示，江铃汽车股份有限公司取得一项名为"一种新能 源汽车的电池更换辅助装置"的专利，授权公告号CN115716429B，申请日期为2022年11月。 天眼查资料显示，江铃汽车股份有限公司，成立于1997年，位于南昌市，是一家以从事汽车制造业为主 的企业。企业注册资本86321.4万人民币。通过天眼查大数据分析，江铃汽车股份有限公司共对外投资 了9家企业，参与招投标项目1750次，财产线索方面有商标信息851条，专利信息4700条，此外企业还拥 有行政许可661个。 ...

Group 1 - Jiangling Motors Corporation has applied for a patent titled "A Hybrid Vehicle Electric Balance Control Method and System," with publication number CN120440013A, filed on April 2025 [1] - The patent describes a method that categorizes the state of charge into high and normal levels, dynamically calibrating the threshold for entering high charge level based on vehicle speed [1] - The method allows for pure electric mode operation at high speeds (70 km/h to 100 km/h) and includes mechanisms for recharging the battery and maintaining electric balance during high-speed driving [1] Group 2 - Jiangling Motors Corporation, established in 1997, is primarily engaged in the automotive manufacturing industry and is located in Nanchang City [2] - The company has a registered capital of 863.214 million RMB and has made investments in 9 enterprises [2] - Jiangling Motors has participated in 1,746 bidding projects and holds 4,698 patent records along with 851 trademark records [2]