Summary of JAC Motors Conference Call Company Overview - JAC Motors is collaborating with Huawei to establish a domestic brand presence in the ultra-luxury car market (priced above 600,000 RMB), which, although small, has high profit margins and a low breakeven point [2][4]. Key Points and Arguments - The launch of the Zun Jie S800 from May 30, 2025, to June 30, 2025, has seen over 6,500 pre-orders, exceeding expectations. The model is priced around 1 million RMB, with a high proportion of high-end versions, indicating strong potential in the premium market [2][5]. - The Zun Jie brand plans to introduce high-end MPVs and SUVs, expected to fill the gap in China's high-end MPV market, catering to both family and business needs. These models are anticipated to launch by the end of 2025 or early 2026, driving sales and profit growth [2][6]. - JAC Motors has established a research and development center in Shanghai with a team of 5,000 and is building a super factory in Feixi. This facility will integrate deeply with Huawei's supply chain, utilizing core components from Huawei to ensure high quality for the Zun Jie brand [2][8]. - In terms of sales and service, JAC Motors aims to benchmark against ultra-luxury brands like Maybach, forming a specialized team to enhance brand image and service quality [2][8]. - JAC Motors is achieving profitability through collaborations with companies like Volkswagen and export operations. The projected net profits for 2025, 2026, and 2027 are 540 million, 803.7 million, and 1.606 billion RMB, respectively, with corresponding P/E ratios of 169, 89, and 57 [2][9]. Additional Important Insights - As the Zun Jie brand contributes profits, JAC Motors' overall valuation is expected to be realized, leading to improved overall performance and sustainable growth [3]. - The Zun Jie S800's high order volume and pricing strategy are crucial for brand elevation and sales growth in the luxury segment [4][5]. - The super factory's capacity is projected to reach between 200,000 to 300,000 vehicles, providing ample support for future model production [7].