JMC(SZ:000550)2022-12-04 07:02Group 1: Competitors and Market Position - JMC's main competitors include Foton and JAC in light trucks, Great Wall in pickups, and Iveco and SAIC Maxus in light passenger vehicles [2] Group 2: Financial Performance - Sales expenses increased by 6 million yuan year-on-year in the first three quarters, primarily due to promotional costs across various models [2] - The decline in gross margin this year is mainly attributed to increased promotional expenses and changes in sales structure [3] Group 3: Product Development and Future Plans - New models for next year include a facelift and a plug-in hybrid version of the Yusheng [2] - The production capacity for the plug-in hybrid will be aligned with the existing Yusheng production line [3] - The company is currently in the R&D and production preparation phase for related new energy projects in light passenger vehicles [3] - R&D investments are focused on product upgrades and compliance with regulatory requirements [3] - Heavy trucks are expected to be launched in November [3] - The first phase of heavy truck production capacity is set at 20,000 units for complete vehicles and 10,000 units for engines [3]