Zhi Tong Cai Jing·2025-09-23 11:32Core Viewpoint - Jiangling Motors (000550) has signed a distribution service contract with Ford Motor Company for the distribution of Ford brand passenger cars and pickups, aiming to enhance sales of these products [1] Group 1: Contract and Partnership - Jiangling Motors and its wholly-owned subsidiary, Jiangling Motors Sales Co., have entered into a distribution service contract with Ford Motor Sales and Service (Shanghai) Co., a wholly-owned subsidiary of Ford [1] - The agreement allows Ford to provide comprehensive distribution services for Jiangling's Ford brand vehicles [1] Group 2: Capital Increase and Debt Settlement - Jiangling Motors and Ford will jointly increase capital in Jiangling Ford Automotive Technology (Shanghai) Co., with Jiangling contributing 1.26378 billion yuan through debt-to-equity conversion and Ford contributing 1.21422 billion yuan in cash [1] - This capital increase is intended to settle Jiangling Ford's total liabilities of 2.296 billion yuan, of which 1.47 billion yuan is owed to Jiangling Motors due to daily operations [1] - After the capital increase, Jiangling Motors will maintain a 51% ownership stake in Jiangling Ford [1] Group 3: Financial Impact - The announcement states that the capital increase and debt settlement will not affect the total profit of Jiangling Motors [1] - The arrangement is expected to improve the sales volume of Ford brand passenger cars and pickups [1]