Core Viewpoint - Jiangling Motors is focusing on expanding its overseas market and advancing its transformation towards new energy and intelligent vehicles, with a positive outlook on its growth potential [1][4]. Financial Performance - In 2024, Jiangling Motors achieved a revenue of 38.374 billion yuan, a year-on-year increase of 15.70%, and a net profit attributable to shareholders of 1.537 billion yuan, up 4.17% year-on-year [2]. - For Q1 2025, the company reported a revenue of 7.967 billion yuan, a slight decrease of 0.09% year-on-year, and a net profit of 306 million yuan, down 36.56% year-on-year [2]. Revenue Breakdown - In 2024, the company's vehicle revenue reached 34.702 billion yuan, a year-on-year increase of 14.32%, with steady growth in SUV, pickup, and light bus sales [3]. - Parts revenue was 1.807 billion yuan, up 5.04% year-on-year, while sales of materials and others surged to 1.138 billion yuan, a 130.73% increase [3]. Profitability Metrics - The gross margin for 2024 was 14.13%, down 1.25 percentage points year-on-year, while the net margin was 3.14%, a decrease of 0.07 percentage points [3]. - In Q1 2025, the gross margin was 11.81%, down 0.48 percentage points year-on-year, and the net margin was 3.88%, an increase of 0.88 percentage points [3]. International Market Expansion - Jiangling Motors' export volume reached 116,600 units in 2024, a year-on-year increase of 21.9%, with over 100 overseas dealers and showrooms [4]. - The company has signed a vehicle export cooperation framework agreement with Ford, expanding its product reach to 105 countries [4]. New Energy Strategy - The company has fully covered the light commercial vehicle, light truck, and pickup segments in its new energy product line, achieving sales of 10,900 new energy vehicles and generating revenue of 1.118 billion yuan [4]. - New electric models like the E-Fushun and E-Shund are enhancing the company's electric commercial vehicle offerings [4]. Intelligent Connectivity Initiatives - Jiangling Motors is collaborating with various tech companies to develop smart driving and connected vehicle technologies, including a successful L4-level road test license in Guangzhou [5]. Investment Outlook - Short-term growth is expected as the company increases its focus on new energy and overseas markets, with key models gradually being released [6]. - Long-term prospects are positive, with anticipated breakthroughs in new energy and L4-level autonomous driving technologies [6]. - Revenue projections for 2025-2027 are 42.439 billion, 48.208 billion, and 55.728 billion yuan, with net profits of 1.6 billion, 1.849 billion, and 2.187 billion yuan respectively [6].

点 击 蓝 字 关 注 我 们 本文全文共 4930 字，阅读全文约需 16 分钟 1. 江铃初步完成无人物流作业验证 全新纯电商用车已上市 2. 东风柳汽乘龙最新一代新能源重卡要来了 3. 宁德时代与陕重汽达成重卡换电战略合作 4. 吉利系商乘两用电混皮卡命名为雷达金刚EM-P 目录 国内新闻 1.北京今日分配11.84万个家庭新能源车指标 国外新闻 商用车 国内新闻 1 2.前4月陕西汽车产量同比增长33.3% 3.东风汽车与华为达成全面深化战略合作 4.广汽集团进军巴西市场 五款新能源车型同步上市 5.LEXUS雷克萨斯发布官方易手车直营业务 6.赛力斯与TÜV莱茵签署合作备忘录 7.上汽通用五菱全球300万辆新能源下线 8.宁德时代与随州共建零碳城市 1.马来西亚4月新车销量同比微增1% 2.印尼4月新车销量51205辆 同比增长5% 3.本田将在美加强混动车生产 4.宝马启动全固态电池实车路测 北京今日分配11.84万个家庭新能源车指标 时间:2025.5.26 来源:第一电动 5月25日消息，北京市交通委员会宣布，将于5月26日分配今年11.84万个家庭新能源小客车指标，并揭晓 新能源指标入围"分 ...

Group 1 - The company has completed initial verification of unmanned logistics operations, focusing on unmanned freight transportation in urban delivery and park logistics scenarios [1] - The company plans to continue upgrading and iterating the redundant solutions for platform-based autonomous driving on light commercial vehicles [1] - The company has launched new pure electric commercial vehicles, E Fushun and E Shunda [1]

1、海外战略。公司持续拓展海外市场机会，优化业务模式，推进海外业务策略落地，加强品牌建设， 提升产品竞争力及客户服务能力。目前公司产品已经出口至全球105个国家及地区，主要为东南亚、中 东及拉美区域。2025年一季度海外销售26,221辆，同比增长17.8%。2、全新动力平台战略。公司已发布 全新动力平台"蓝焰动力"，拥有极净燃烧技术、灵犀智控技术、盾构级耐久技术三大核心技术，是公司 动力技术战略升级的关键产品，标志着公司从传统燃油动力向高效低碳、绿色节能的全面转型。3、新 能源战略。公司持续推进新能源战略转型，强化渠道，全面提升新能源领域发展能力，开拓运力运营新 市场，并持续完善售后服务体系。目前已经全面布局轻客、皮卡、轻卡等全谱系新能源产品，并推出全 新纯电商用车平台，E福顺&E顺达已上市发布，产品矩阵持续丰富，同时江铃乐行新能源运力品牌持续 拓展运力和租赁业务，为客户提供"全场景的产品覆盖、全场景的客户服务、全场景的生态构建"的系统 化解决方案。 格隆汇4月10日丨江铃汽车(000550.SZ)公布，公司近期生产经营按计划有序推进，2025年一季度预算主 要目标基本达成。1、一季度销量76,007辆，同 ...