JAC(SH:600418) Shang Hai Zheng Quan Bao·2025-10-30 15:13Core Viewpoint - Anhui Jianghuai Automobile Group Co., Ltd. is focusing on long-term value creation through the development of its premium brand, Zun Jie, and accelerating its transition to smart and new energy vehicles while maintaining its traditional business foundation [2][10]. Financial Performance - In Q3, Jianghuai Automobile sold 91,099 vehicles, a quarter-on-quarter increase of 0.23% - Revenue reached 11.513 billion yuan, a year-on-year increase of 5.54% and a quarter-on-quarter increase of 20.44% [1]. - R&D investment exceeded 3 billion yuan in the first three quarters, with a year-on-year growth of over 30% [1][6]. Product Development - The Zun Jie S800, co-developed with Huawei, has received significant market attention, with over 15,000 pre-orders within four months [2]. - The company is accelerating the development of subsequent models under the Zun Jie brand to meet diverse consumer demands for high-end vehicles [1][2]. R&D and Innovation - Jianghuai has established a global R&D and delivery team of over 5,000 people, collaborating with top universities and research institutions [4]. - The company applied for 537 patents in 2023, focusing on vehicle-road-cloud collaboration technology and autonomous driving [6]. - The Zun Jie S800 has filed 341 patents, highlighting its status as a "patent-intensive product" [6]. Strategic Partnerships - Jianghuai's collaboration with Huawei has evolved into a deep integration, enhancing the company's core competitiveness through advanced ICT technologies and management practices [7][10]. - A new strategic partnership with CATL aims to co-develop advanced battery technologies and enhance supply chain security [7][10]. Market Position - Jianghuai's new energy light truck sales exceeded 15,000 units in the first three quarters, marking a year-on-year increase of 62%, ranking third in the industry [6]. - The company has successfully established five international markets with annual sales exceeding 10,000 units, maintaining its position as the industry leader in mid-to-high-end light truck exports for 14 consecutive years [6]. Future Outlook - Jianghuai aims to continue its high-quality development by leveraging innovation, user-centric strategies, and open cooperation to enhance its competitive edge in the smart electric vehicle market [10].