Share’s 000550 Share’s Jiangling Motors No.： 2020-035
code： 200550 Name： Jiangling B
Jiangling Motors Corporation, Ltd.
Extracts From 2020 Half-year Report
1. Important note
These extracts are extracted from the original of JMC half-year report. To fully
understand the Company’s operating results, financial status and future
development plan, investors should carefully read the original for details in the
website designated by CSRC for publication of JMC’s Half-year Report.
Abnormal opinions from directors, supervisors and senior managers
□Applicable √Not Applicable
Director David Johnston did not attend this meeting, and he authorized Vice
Chairman Anning Chen to represent him at this meeting, and all the other
Directors were present at the Board meeting in person.
Abnormal opinions from accounting firm for the reporting period
□Applicable √Not Applicable
Proposal on profit distribution and converting capital reserve to share capital
□Applicable √Not Applicable
JMC will not pay dividend in cash or stock, or convert capital reserve to share
capital.
Proposal on profit distribution of preferred shares
□Applicable √Not Applicable
2. Brief introductions
2.1 Company’s information
Share’s name Jiangling Motor, Share’s 000550,
Jiangling B code 200550
Place of listing Shenzhen Stock Exchange
Contact persons Board Secretary Securities Affair
and contact details Representative
Name Wan Hong Quan Shi
Contact address No. 509, Northern Yingbin Avenue, Nanchang City,
Jiangxi Province, P.R.C
Telephone 86-791-85266178
Fax 86-791-85232839
E-mail relations@jmc.com.cn
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2.2 Main accounting data and financial ratios
Whether the previous accounting data should be retroactive adjusted?
□Yes √No
Unit: RMB
Reporting period Same period
(2020 first half) last year Change (%)
Revenue 14,073,417,878 13,721,953,502 2.56
Profit Attributable to the
Equity Holders of the 207,771,782 58,861,816 252.98
Company
Net Cash Generated
734,283,627 1,435,351,564 -48.84
From Operating Activities
Basic Earnings Per Share
0.24 0.07 252.98
(RMB)
Diluted Earnings Per
0.24 0.07 252.98
Share (RMB)
Weighted Average Return up1.39
1.96% 0.57%
on Equity Ratio percentage points
At the end of At the end of the
reporting period previous year Change (%)
Total Assets 26,114,866,966 24,298,528,593 7.48
Shareholders’ Equity
Attributable to the Equity 10,643,910,583 10,496,563,781 1.40
Holders of the Company
2.3 Shareholders and shareholding status
Total shareholders (as JMC had 30,427 shareholders, including 24,876 A-share holders, and 5,551 B-share
of June 30, 2020) holders.
Top ten shareholders
Shares
Shareholding Shares at Shares with
Shareholder Change due to
Shareholder Name Percentage the End of Trading
Type (+,-) mortgage
(%) Year Restriction
or frozen
Nanchang Jiangling State-owned
41.03% 354,176,000 0 0 0
Investment Co., Ltd. legal person
Foreign legal
Ford Motor Company 32.00% 276,228,394 0 0 0
person
Domestic
China Securities
non-State-owned 2.72% 23,458,066 0 0 0
Corporation Limited
legal persons
Shanghai Automotive State-owned
1.51% 13,019,610 0 0 0
Co., Ltd. Legal person
Hong Kong Securities
Foreign legal
Clearing Company Ltd. 0.99% 8,514,486 3,849,984 0 0
person
(HKSCC)
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Central Huijin State-owned
0.83% 7,186,600 0 0 0
Investment Ltd. Legal person
Foreign legal
GAOLING FUND, L.P. 0.63% 5,453,086 0 0 0
person
INVESCO FUNDS Foreign legal
0.56% 4,841,889 0 0 0
SICAV person
Domestic natural
Yang Wenting 0.44% 3,827,921 3,827,921 0 0
person
LSV EMERGING
Foreign legal
MARKETS EQUITY 0.35% 2,996,400 0 0 0
person
FUND, L.P.
Notes on association among above-mentioned None.
shareholders
2.4 Change of controlling shareholders or actual controlling parties
Change of controlling shareholders
□Applicable √Not Applicable
There was no change of controlling shareholders during the reporting period.
Change of actual controlling parties
□Applicable √Not Applicable
There was no change of actual controlling parties during the reporting period.
2.5 Total shareholders and top ten shareholders holding preferred
shares
□Applicable √Not Applicable
There was no shareholder holding preferred shares during the reporting
period.
2.6 Company Bond
Whether the Company owns the corporate bond that is lists in the securities
exchange and undue or is not paid in full although it’s due?
□Yes √No
3. Management Discussions and Analysis
3.1 Summary
In the first half of 2020, due to the impact of 2019-nCoV, China’s economy has
declined slightly, and China’s auto market has slowed down. In the first half of
2020 total sales volume was 10.25 million units, decreased 16.91% compared
with last year.
During the reporting period, to cope with more severe competition, more
stringent regulatory requirement and intensifying cost pressures, the Company
focused on quality improvement, new product development, operating cost
control and production efficiency enhancement. Simultaneously, the Company
introduced series of sales policy to respond the market risk. In the first half of
2020, JMC achieved sales volume of 141,193 units, increased 3.33%
compared with last year, achieved revenue of RMB 14.07 billion, increased
2.56% compared with last year, achieved net profit of RMB 208 million,
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increased 252.98% compared with last year. It mainly reflects sales volume
increase and sales structure improvement, continuous promotion of cost
reduction and efficiency enhancement and strict control of expenses.
3.2 Matters related to financial statements
1 Explanation on the changes of accounting policy, accounting estimates,
estimation method compared with that of the last accounting period
□Applicable √Not Applicable
2 Cause and impacts of major accounting errors, and correction result
□Applicable √Not Applicable
3 Explanation on consolidated scope change compared with that of the last
accounting period
√Applicable □Not Applicable
Xiamen Fujiang New Energy Automobile Sales Co., Ltd. was cancelled on
December 16, 2019.
Board of Directors
Jiangling Motors Corporation, Ltd.
August 28, 2020
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