JAC(SH:600418) Xin Lang Cai Jing·2025-10-23 06:14Core Viewpoint - Jianghuai Automobile's stock has shown a significant increase this year, but recent trading data indicates a decline in the short term, raising questions about future performance [1][2]. Financial Performance - As of June 30, 2025, Jianghuai Automobile reported a revenue of 19.397 billion yuan, a year-on-year decrease of 9.10%, and a net profit attributable to shareholders of -773 million yuan, a year-on-year decrease of 356.89% [2]. - The company has cumulatively distributed 2.9 billion yuan in dividends since its A-share listing, with 45.8642 million yuan distributed in the last three years [3]. Stock Market Activity - On October 23, Jianghuai Automobile's stock price rose by 2.02% to 50.03 yuan per share, with a trading volume of 1.194 billion yuan and a turnover rate of 1.11% [1]. - The stock has increased by 33.41% year-to-date, but has seen a decline of 1.09% over the last five trading days and 13.38% over the last twenty days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 42.00% to 141,400, while the average circulating shares per person increased by 72.41% to 15,449 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 101 million shares, an increase of 4.10794 million shares from the previous period [3]. Business Overview - Jianghuai Automobile, established on September 30, 1999, and listed on August 24, 2001, is primarily engaged in the research, production, sales, and service of commercial vehicles, passenger vehicles, automotive chassis, and core automotive components [1]. - The revenue composition includes commercial vehicles at 54.97%, passenger vehicles at 25.10%, other segments at 11.82%, buses at 7.67%, and chassis at 0.44% [1]. Industry Classification - Jianghuai Automobile is classified under the automotive industry, specifically in the commercial vehicle sector, with involvement in automotive finance, cold chain logistics, Huawei Harmony, complete vehicles, and electric logistics vehicles [2].