Xin Lang Cai Jing·2025-11-04 06:08Core Viewpoint - Jiangling Motors has experienced a decline in stock price and financial performance, with significant net outflows of capital and a decrease in both revenue and net profit year-on-year [1][2]. Financial Performance - As of September 30, 2025, Jiangling Motors reported a revenue of 27.289 billion yuan, a year-on-year decrease of 1.59% [2]. - The net profit attributable to shareholders was 749 million yuan, reflecting a significant year-on-year decline of 35.76% [2]. - Cumulative cash dividends since the A-share listing amount to 14.222 billion yuan, with 1.571 billion yuan distributed over the past three years [3]. Stock Market Activity - On November 4, Jiangling Motors' stock price fell by 2.01%, trading at 19.52 yuan per share, with a total market capitalization of 16.850 billion yuan [1]. - The stock has decreased by 14.17% year-to-date, with a 2.89% drop over the last five trading days and an 8.53% decline over the last 20 days [1]. - The number of shareholders decreased by 7.95% to 39,400, while the average number of circulating shares per person increased by 9.78% to 15,459 shares [2]. Shareholding Structure - As of September 30, 2025, the third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 11.2297 million shares, down by 4.0935 million shares from the previous period [3]. - Other notable shareholders include China Merchants Securities (Hong Kong) Limited and E Fund Portfolios, with varying changes in their holdings [3]. Business Overview - Jiangling Motors, established on January 8, 1997, and listed on December 1, 1993, is primarily engaged in the production and sale of commercial vehicles, SUVs, and related components [1]. - The main revenue composition includes complete vehicles (91.05%), parts (4.86%), sales of materials and others (2.46%), and automotive maintenance services (1.63%) [1]. - The company operates within the commercial vehicle sector, focusing on commercial cargo vehicles and is associated with concepts such as electric logistics vehicles and Huawei automotive [1].