Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2024-029
200550 Jiangling B
Jiangling Motors Corporation, Ltd.
2024 First Half Performance Flash Report
Jiangling Motors Corporation, Ltd. and its Board members undertake that the
information disclosed herein is truthful, accurate and complete and does not contain
any false statement, misrepresentation or major omission.
Special note: The financial data of first half of 2024 disclosed herein are preliminary
accounting data, which are not audited by CPAs and might differ from the final data
disclosed in the Company’s half-year report; investors are advised to pay attention to
investment risks.
1. Main accounting data and financial ratios in the first half of 2024
Unit: RMB
Item Reporting period Same period
(2024 first half) Changes
last year
Revenue 17,920,065,801.00 15,429,372,309.00 16.14%
Operating Profit 558,002,131.00 348,625,588.00 60.06%
Profit Before Income Tax 553,915,575.00 355,082,666.00 56.00%
Profit Attributable to the
895,480,117.00 729,387,557.00 22.77%
Company’s Equity Holders
Net Profit Attributable to the
Company’s Equity Holders
811,172,488.00 417,729,211.00 94.19%
After Deducting Non-Recurring
Profit or Loss
Earnings Per Share 1.04 0.84 22.77%
Weighted Average Return on Up 0.70
Net Asset Ratio (%) 8.29% 7.59% percentage
points
Item Jun. 30, 2024 Dec. 31, 2023 Changes
Total Assets 29,874,677,888.00 29,141,187,886.00 2.52%
Shareholders’ Equity
Attributable to the Company’s 10,655,967,834.00 10,350,145,738.00 2.95%
Equity Holders
Share Capital 863,214,000 863,214,000 0.00%
Net Assets Per Share
Attributable to the Company’s 12.34 11.99 2.95%
Equity Holders
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2. Explanation of Operating Results and Financial Statements
In the first half of 2024, JMC achieved a total sales volume of 159,677 units, up by 9.11%
compared with the same period last year, including 38,274 units of Light Bus, 28,982 units
of Truck, 36,579 units of Pickup, and 55,842 units of SUV.
In the first half of 2024, the Company’s Profit before Income Tax and Profit Attributable
to the Company’s Equity Holders increased by 56% and 22.77% respectively compared
with the same period last year, mainly reflecting the sales volume growth, tight control of
expenses and the increase in profit from recognition of the additional deduction VAT input
in the current period. The Company’s Net Profit Attributable to the Company’s Equity
Holders after Deducting Non-Recurring Profit or Loss in the first half of 2024 increased
by 94.19% compared with the same period last year, mainly due to the increase in net
profit and the changes of the government incentives 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 current
legal representative, the chief financial officer and the head of the finance department of
the Company.
Board of Directors
Jiangling Motors Corporation, Ltd.
July 24, 2024
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