Shen Zhen Shang Bao·2026-01-24 04:35Core Viewpoint - Jiangling Motors reported a total vehicle sales increase of over 10% for 2025, but net profit decreased by 22.71% to 1.19 billion yuan [1][2]. Group 1: Sales Performance - In 2025, the company sold 377,253 vehicles, including 99,770 light passenger vehicles, 83,207 trucks, 59,681 pickups, and 134,595 SUVs, representing a 10.56% increase compared to the previous year [1]. - The total revenue for 2025 reached 39.17 billion yuan, reflecting a year-on-year growth of 2.07% [1]. Group 2: Profitability - The net profit attributable to shareholders for 2025 was 1.188 billion yuan, a decline of 22.71% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 741 million yuan, down 45.35% compared to the previous year [1]. Group 3: Business Adjustments - The decline in net profit is primarily attributed to business adjustments made by the company's subsidiary, Jiangling Ford Automobile Technology (Shanghai) Co., Ltd., which involved the reversal of previously recognized deferred tax assets [1]. Group 4: Historical Performance - In 2024, the company's net profit growth rate was only 4.17%, significantly lower than the 61.26% growth rate in 2023, indicating a clear slowdown in performance [2]. - For the first three quarters of the previous year, the total revenue was 27.289 billion yuan, a decrease of 1.59% year-on-year, with a net profit of 749 million yuan, down 35.76% [2]. Group 5: Market Position - As of January 23, the stock price of Jiangling Motors was 18.08 yuan per share, with a total market capitalization of 15.607 billion yuan [2].