| Share’scode： | 000550200550 | Share’sName： | JianglingMotorsJianglingB | No.： | 2026-012 |
JianglingMotorsCorporation,Ltd.Extractsfrom2025AnnualReport
§1ImportantNoteTheseextractsareextractedfromtheoriginalofannualreport.InvestorsshouldcarefullyreadtheoriginalinthewebsitedesignatedbyCSRCfordetailsoftheCompany’soperatingresults,financialstatusandfuturedevelopmentplans.AllDirectorswerepresentattheBoardmeetingtoreviewthisAnnualReport.NoteonabnormalopinionsoftheAuditor
□Applicable?NotApplicableProposalonprofitdistributionorconvertingcapitalreservetosharecapitalreviewedbytheBoardofDirectors,regardingcommonstockduringthereportingperiod?Applicable□NotApplicableProposalonconvertingcapitalreservetosharecapital
□Applicable?NotApplicableTheyear2025profitdistributionproposalapprovedbytheBoardofDirectorsisasfollows:
AcashdividendofRMB5.5581(includingtax)willbedistributedforevery10sharesheldbasedonthetotalsharescapitalof854,581,922shares,andthereisnostockdividend.TheBoarddecidednottoconvertcapitalreservetosharecapitalthistime.ProposalonprofitdistributionreviewedbytheBoardofDirectors,regardingpreferredstockduringthereportingperiod
□Applicable?NotApplicable
§2Summary
1.Briefintroduction
| Share’sname | JianglingMotor,JianglingB | Share’scode | 000550,200550 |
| Placeoflisting | ShenzhenStockExchange | ||
| Contactpersonsandcontactdetails | BoardSecretary | SecuritiesAffairRepresentative | |
| Name | XuLanfeng | QuanShi | |
| Contactaddress | No.2111,YingbinMiddleAvenue,NanchangCounty,NanchangCity,JiangxiProvince,P.R.C |
| Telephone | 86-791-85266178 |
| Fax | 86-791-85232839 |
| relations@jmc.com.cn |
2.CorebusinessorproductsinthereportingperiodDuringthereportingperiod,theCompany'smainbusinessistheproductionandsaleofcommercialvehicles,passengervehicleSUVsandrelatedcomponents.ThemainproductsincludeJMClighttruck,Pickup,lightbus,Ford-brandedlightbus,MPV,Pickupandothercommercialvehicleproducts,andpassengervehicleSUVproducts.JMCalsoproducesengines,frame,axleandcomponents.TheCompanytakeshighqualitydevelopmentasthemainline,anchoringitsstrategyaroundthreecoredirections:intelligentconnectivity,newenergy,andglobalexpansion,focusesonvalue,leanoperation,andtransformsfromscaleexpansiondevelopmenttoleanvaluegrowth.In2025,JMCcontinuedtoincreaseitstechnologicalreservesandinvestmentinnewproducts,intelligentconnectionnetwork,newenergyandlightweighting,andstrengtheneditsdigitaloperationcapabilitytorealizethetransformationof“fouronline”,including“productsonline”,“customersonline”,“processesonline”and“employeesonline”.Throughdigitaltechnology,theCompanyimprovedoperationalefficiency,optimizedbusinessprocessesandinnovatedbusinessmodels,andfocusedoncustomer-centeredintegrationofthewholevaluechain.Drivenbyinnovation,wearetransformingourmarketingapproach,continuouslyoptimizingchannelstructuresandlayoutstoenhancesynergisticefficiency.Togetherwithourdistributors,weareforgingamoreintegrated“unitedfront”modeltoacceleratemarketresponsiveness.Weareinnovatingourtransportcapacityoperations,focusingonscenario-basedrequirementstoestablishanintelligentoperationalframework,whilestrengtheningcollaborationswithlogisticsenterprisestoexpandtransportcapacitypartnerships,andgraduallyformedacustomer-centeredcommercialvehicleecosystemtofocusontheentirelifecycleofautomobilesandprovidedcustomerswithall-aroundsolutions.JMCactivelylaidouttheRVbusinessandoff-roadpickupandmodifiedcarmarkettocreateuniqueproductsandleadthemarkettrend;atthesametime,theCompanysteadilyadvancedthescenario-basedimplementationofintelligentdrivingtechnologiestodevelopindustry-leadingautonomousdrivingsolutions.JMCstrengthenedexportcooperationandsynergy,seizedglobalisationopportunities,optimisedresourceallocationacrossproducts,channelsandafter-salesservices,andcontinuouslyforgednewdriversfortheCompany'sdevelopment.In2025,JMCplannedtheproductivityof320thousandunitsandtheutilizationratewas118%.
3.Mainaccountingdataandfinancialratios
3.1Mainaccountingdataandfinancialratiosinthepastthreeyears
Unit:RMB
| EndofYear2025 | EndofYear2024 | Change(%) | EndofYear2023 | |
| TotalAssets | 33,725,291,097 | 30,839,912,640 | 9.36% | 29,141,187,886 |
| Shareholders’EquityAttributabletotheEquityHoldersoftheCompany | 11,700,238,217 | 11,292,579,854 | 3.61% | 10,350,145,738 |
| 2025 | 2024 | Change(%) | 2023 | |
| Revenue | 39,169,909,929 | 38,374,160,748 | 2.07% | 33,167,325,081 |
| ProfitAttributabletotheEquityHoldersoftheCompany | 1,187,465,719 | 1,537,139,024 | -22.75% | 1,475,597,266 |
| NetProfitAttributabletoShareholdersofListedCompanyAfterDeductingNon-RecurringProfitorLoss | 740,844,834 | 1,356,329,085 | -45.38% | 995,236,837 |
| NetCashGeneratedFromOperatingActivities | 2,411,911,290 | 2,633,384,217 | -8.41% | 4,567,539,866 |
| BasicEarningsPerShare(RMB) | 1.38 | 1.78 | -22.47% | 1.71 |
| DilutedEarningsPerShare(RMB) | 1.38 | 1.78 | -22.47% | 1.71 |
| WeightedAverageReturnonEquityRatio | 10.34% | 14.20% | -3.86% | 15.06% |
3.2Mainaccountingdataquarterly
Unit:RMB
| Q1 | Q2 | Q3 | Q4 | |
| Revenue | 7,967,428,172 | 10,124,958,038 | 9,196,139,182 | 11,881,384,537 |
| ProfitAttributabletotheEquityHoldersoftheCompany | 305,997,821 | 426,730,226 | 16,405,954 | 438,331,718 |
| NetProfitAttributabletoShareholdersofListedCompanyAfterDeducting | 147,214,143 | 392,702,063 | -72,929,211 | 273,857,839 |
| Non-RecurringProfitorLoss | ||||
| NetCashGeneratedFromOperatingActivities | -2,297,115,303 | 2,232,617,519 | 266,402,581 | 2,210,006,493 |
Whethertheabovefinancialindicatorsortheirtotalsaremateriallydifferentfromthosedisclosedinthequarterlyreportsandhalf-yearreportoftheCompany
□Yes?No
4.ShareCapitalandShareholders
4.1Toptenshareholders
| Totalshareholdersasoftheendofthereportingperiod | JMChad39,701shareholders,including33,919A-shareholders,and5,782B-shareholders,asofDecember31,2025 | ||||
| Totalshareholdersasofthelastmonth-endpriortothedisclosuredateoftheReport | JMChad40,373shareholders,including34,594A-shareholders,and5,779B-shareholders,asofFebruary28,2026. | ||||
| Toptenshareholders | |||||
| ShareholderName | ShareholderType | ShareholdingPercentage(%) | SharesattheEndofYear | ShareswithTradingRestriction | Sharesduetomortgageormarkorfrozen |
| NanchangJianglingInvestmentCo.,Ltd. | State-ownedlegalperson | 41.03% | 354,176,000 | 0 | 0 |
| FordMotorCompany | Foreignlegalperson | 32.00% | 276,228,394 | 0 | 0 |
| HongKongSecuritiesClearingCompanyLtd.(HKSCC) | Foreignlegalperson | 1.10% | 9,520,669 | 0 | 0 |
| JinXing | DomesticNaturalPerson | 0.62% | 5,327,900 | 0 | 0 |
| IndustrialandCommercialBankofChinaLimited-GuolianSuperiorIndustryMixedSecuritiesInvestmentFund | Domesticnon-State-ownedlegalpersons | 0.58% | 5,028,101 | 0 | 0 |
| ChinaMerchantsSecurities(HK)Co.,Ltd. | Foreignlegalperson | 0.54% | 4,619,475 | 0 | 0 |
| BankofChinaCo.,Ltd.-EFundHongKongStockConnectDividendFlexibleAllocationMixedSecuritiesInvestmentFund | Domesticnon-State-ownedlegalpersons | 0.34% | 2,907,400 | 0 | 0 |
| ChinaMerchantsBankCo.,Ltd.-EFundValueReturnMixedSecuritiesInvestmentFund | Domesticnon-State-ownedlegalpersons | 0.24% | 2,099,400 | 0 | 0 |
| IndustrialandCommercialBankofChinaLimited-HTFTZIntelligentManufacturingStockSecuritiesInvestmentFund | Domesticnon-State-ownedlegalpersons | 0.24% | 2,069,224 | 0 | 0 |
| ChinaMerchantsBankCo.,Ltd.-ChinaSouthernCSI1000ExchangeTradedOpen-EndIndexSecuritiesInvestmentFund | Domesticnon-State-ownedlegalpersons | 0.22% | 1,916,630 | 0 | 0 |
| Notesonassociationamongabove-mentionedshareholders | None. | ||||
| DescriptionofShareholdersParticipatinginFinancingandSecuritiesFinancingBusiness | None. | ||||
ParticipationofShareholdersholdingmorethan5%ofshares,top10shareholdersandtop10shareholderswithunlimitedsharesinthelendingofsharesintherefinancingbusiness
□Applicable?NotApplicableChangeinthetop10shareholdersoftheCompanyandthetop10shareholderswithunlimitedsharesfromthepreviousperiodduetolending/repatriationofrefinancingbusiness
□Applicable?NotApplicable
4.2Totalshareholdersandtoptenshareholdersholdingpreferredshares
□Applicable?NotApplicableTherewasnoshareholderholdingpreferredsharesinthereportingperiod.
4.3OwnershipandcontrolrelationsbetweentheCompanyandtheactualcontrollingparties
5.CompanyBond
□Applicable?NotApplicable
§3MajoreventsDuringthereportingperiod,therewasnosignificantchangeinJMC'sbusinesssituation.
SASACNanchangState-ownedAssetsSupervisionandAdministration
Committee
NanchangState-ownedAssetsSupervisionandAdministration
Committee
100%
| 39.67% | 100% |
ChongqingChanganAutomobileCo.,Ltd.
| ChongqingChanganAutomobileCo.,Ltd. | JMCG |
50%
| 50% | 50% |
NanchangJianglingInvestmentCo.,Ltd.
| NanchangJianglingInvestmentCo.,Ltd. | FordMotorCompany |
32%
| 41.03% | 32% |
JianglingMotorsCo.,Ltd.