Jiangling Motors Corporation, Ltd. and its Board members undertake that theinformation disclosed herein is truthful, accurate and complete and does not containany false statement, misrepresentation or major omission.
Special note: The financial data of 2024 disclosed herein are preliminary accounting data,which are not audited by CPAs and might differ from the final data disclosed in theCompany’s annual report; investors are advised to pay attention to investment risks.
1. Main accounting data and financial ratios in 2024
| Item | Reporting period (2024) | Same period last year | Changes |
| Revenue (RMB million) | 38,374 | 33,167 | 15.70% |
| Operating Profit (RMB million) | 1,263 | 795 | 58.87% |
| Profit Before Income Tax (RMB million) | 1,258 | 798 | 57.64% |
| Profit Attributable to the Company’s Equity Holders (RMB million) | 1,537 | 1,475 | 4.20% |
| Net Profit Attributable to the Company’s Equity Holders After Deducting Non-Recurring Profit or Loss (RMB million) | 1,356 | 995 | 36.28% |
| Earnings Per Share (RMB) | 1.78 | 1.71 | 4.20% |
| Weighted Average Return on Net Asset Ratio (%) | 14.20% | 15.06% | Down 0.86 percentage points |
| Item | Dec. 31, 2024 | Dec. 31, 2023 | Changes |
| Total Assets (RMB million) | 30,839 | 29,141 | 5.83% |
| Shareholders’ Equity Attributable to the Company’s Equity Holders (RMB million) | 11,292 | 10,350 | 9.10% |
| Share Capital ( million) | 863 | 863 | 0.00% |
| Net Assets Per Share Attributable to the Company’s Equity Holders (RMB) | 13.08 | 11.99 | 9.10% |
Share’s code：
| Share’s code： | 000550 | Share’s Name： | Jiangling Motors | No.： | 2025-002 |
| 200550 | Jiangling B |
2. Explanation of Operating Results and Financial Statements
In 2024, JMC achieved a total sales volume of 341,208 units, up by 10.06% comparedwith the same period last year, including 87,310 units of Light Bus, 61,932 units of Truck,73,242 units of Pickup, and 118,724 units of SUV. The Company realized Revenue ofRMB 38,374 million, up by 15.7% compared with the same period last year, and ProfitAttributable to the Company’s Equity Holders of RMB 1,537 million, up by 4.2%compared with the same period last year.
In 2024, the Company's Operating profit was RMB 1,263 million and Profit BeforeIncome Tax was 1,258 million, increased by 58.87% and 57.64% respectively comparedwith the same period last year. The increase of the Profit Before Income Tax mainlyreflected the increase in profits brought by the sales volume growth, efficiencyimprovement and strict control of expenses. The Company’s Net Profit Attributable to theCompany’s Equity Holders after Deducting Non-Recurring Profit or Loss in 2024 wasRMB 1,356 million, increased by 36.28% compared with the same period last year, mainlydue to the increase in net profit during the period and the changes of the governmentincentives recorded in profit or loss of the current period.
3. Documents for reference
The comparative balance sheets and income statements signed and sealed by the currentlegal representative, the chief financial officer and the head of the finance department ofthe Company.
Board of DirectorsJiangling Motors Corporation, Ltd.January 22, 2025