Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2025-002
200550 Jiangling B
Jiangling Motors Corporation, Ltd.
2024 Annual 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 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 annual report; investors are advised to pay attention to investment risks.
1. Main accounting data and financial ratios in 2024
Item Reporting period Same period
Changes
(2024) last year
Revenue (RMB million) 38,374 33,167 15.70%
Operating Profit (RMB million) 1,263 795 58.87%
Profit Before Income Tax
1,258 798 57.64%
(RMB million)
Profit Attributable to the
Company’s Equity Holders 1,537 1,475 4.20%
(RMB million)
Net Profit Attributable to the
Company’s Equity Holders After
1,356 995 36.28%
Deducting Non-Recurring Profit or
Loss (RMB million)
Earnings Per Share (RMB) 1.78 1.71 4.20%
Down 0.86
Weighted Average Return on Net
14.20% 15.06% percentage
Asset Ratio (%)
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 11,292 10,350 9.10%
(RMB million)
Share Capital ( million) 863 863 0.00%
Net Assets Per Share Attributable to
the Company’s Equity Holders 13.08 11.99 9.10%
(RMB)
1
2. Explanation of Operating Results and Financial Statements
In 2024, JMC achieved a total sales volume of 341,208 units, up by 10.06% compared
with 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 of
RMB 38,374 million, up by 15.7% compared with the same period last year, and Profit
Attributable 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 Before
Income Tax was 1,258 million, increased by 58.87% and 57.64% respectively compared
with the same period last year. The increase of the Profit Before Income Tax mainly
reflected the increase in profits brought by the sales volume growth, efficiency
improvement and strict control of expenses. The Company’s Net Profit Attributable to the
Company’s Equity Holders after Deducting Non-Recurring Profit or Loss in 2024 was
RMB 1,356 million, increased by 36.28% compared with the same period last year, mainly
due to the increase in net profit during the period 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.
January 22, 2025
2
