原标题:江 铃Ｂ:2026年三季度报告（英文版）
Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2026-034 200550 Jiangling B
(资料图)
Jiangling Motors Corporation, Ltd.
2026 Third Quarter Report
Jiangling Motors Corporation, Ltd. and its Board members undertake that the information disclosed herein is true, accurate and complete and does not contain any false record, misleading statement or material omission.
Important Notes
1. The Board of Directors and its members and the senior executives warrant that this Quarter Report is true, accurate and complete, containing no false records, misleading statements or material omissions, and shall bear individual and joint legal liabilities.
2. Chairman Qiu Tiangao, CFO Li Weihua and Chief of Finance Department Jiang Nan, confirm that the financial statements in this Quarter Report are true, accurate and complete.
3. Whether the 2026 third quarter report is audited?
□Yes ?No
1. Key Financial Data
(1) Main accounting data and financial indicators
Whether the Company needs to retrospectively adjust or restate the accounting data of previous years?
□Yes ?No
Unit: RMB
Reporting period (2026 Third Quarter)YoY Change (%)Beginning of Year to End of Reporting PeriodYoY Change (%)Revenue9,424,462,0402.48%28,786,329,2915.49%Net Profit Attributable to the Equity Holders of the Company167,819,685922.92%906,621,91621.02%Net Profit Attributable to the Equity Holders of the Company After Deducting Non-Recurring Profit or Loss152,960,633309.74%751,073,33860.83%Net Cash Generated From Operating Activities————1,781,700,832782.45%Basic Earnings Per Share (RMB)0.20900.00%1.0621.84%Diluted Earnings Per Share (RMB)0.20900.00%1.0621.84%Weighted Average Return on Net Asset Ratio (%)1.45%1.29%7.56%0.98% At the End of the Reporting PeriodAt the End of thePrevious YearChange (%) Total Assets32,540,144,75233,725,291,097-3.51% Shareholder’s Equity Attributable to the Equity Holders of the Company12,133,819,84611,700,238,2173.71%
(2) Non-recurring gains and losses items and amounts
?Applicable □Not Applicable
Unit: RMB
Reporting period (2026 Third Quarter)Beginning of Year to End of Reporting PeriodGain Profit or and loss of non-current assets disposal (including the reversal charge-off part of the asset impairment provision)10,297,38114,871,575Government subsidies included in the current gain or profit and loss1,997,623166,599,397In addition to the effective hedging business related to the normal operating business of the Company, holding the gains and losses of fair value changes arising from trading financial assets and trading financial liabilities, as well as the investment income obtained from the disposal of trading financial assets, trading financial liabilities and available for sale financial assets2,044,7233,034,106Capital occupation fee charged from for non-financial enterprises included in the current profit and loss1,288,6743,267,597Reversal of impairment allowance for individually assessed receivables 1,558,669Other non-operating income and expenses except the above1,921,381307,900Less: Income tax impact amount2,470,23030,195,166Influence of minority shareholders" equity (after-tax)220,5003,895,500Total14,859,052155,548,578
Details of other profit and loss items that meet the definition of non-recurring profit and loss
There are no other profit and loss items that meet the definition of non-recurring profit and loss in the Company.
The description of the non-recurring profit and loss items listed in Corporate Information Disclosure of Public Issuing Securities No.1 is defined as recurring profit and loss items
□Applicable ?Not Applicable
The Company does not have a situation in which the non-recurring profit and loss items listed in No.1 of Corporate Information Disclosure Announcement No.1 are defined as recurring profit and loss.
(3) Causes and explanations on major changes of financial indicators of the reporting period
?Applicable □Not Applicable
In the first three quarters of 2026, JMC sold 285,285 vehicles in total, increased by 9.32% compared with the same period last year, including 82,132 light buses, 58,583 trucks, 45,058 pickups, 99,512 SUVs. Revenue was RMB 28,786 million, increased by 5.49% compared with the same period last year.
During the first three quarters of 2026, net profit attributable to the equity holders of the Company was RMB 907 million, increased by RMB 157 million and up 21.02% compared with the same period last year, and net profit attributable to the equity holders of the Company after deducting non-recurring profit or loss increased by RMB 284 million and up 60.83% compared with the same period last year. The above changes were mainly attributable to the reversal of deferred tax assets resulting from the business adjustment of Jiangling Ford Automobile Technology (Shanghai) Co., Ltd., a controlling subsidiary of the Company, in the third quarter of last year.
As of the end of the third quarter of 2026, compared with the end of the previous year, financing receivables decreased by RMB 136 million, down 66.31%, mainly due to the payment of supplier proceeds by bills.
As of the end of the third quarter of 2026, compared with the end of the previous year, short-term borrowings decreased by RMB 1,150 million, down 58.97%, mainly due to the repayment of matured borrowings.
During the first three quarters of 2026, compared with the same period last year, income tax expenses decreased by RMB 507 million, down 77.84%, mainly due to the impact of the reversal of deferred tax assets of the subsidiary in the same period of last year.
During the first three quarters of 2026, compared with the same period last year, minority interests increased by RMB 294 million, up 100.46%, mainly due to the impact of changes in the subsidiary"s profit and loss.
During the first three quarters of 2026, compared with the same period last year, net cash flows generated from operating activities increased by RMB 1,580 million, up 782.45%, mainly due to the higher sales volume.
2 Shareholder Information
(1) Total number of shareholders and top ten shareholders
Total shareholders (as at September 30, 2026)JMC had 35,168 shareholders, including 29,451 A-share holders and 5,717 B-share holders. Top ten shareholders (excluding lending of shares through refinancing) Shareholder NameShareholder TypeShareholding Percentage (%)Shares at the End of YearShares with Trading RestrictionShares due to Mortgage or Frozen or MarkNanchang Jiangling Investment Co., Ltd.State-owned legal person41.03%354,176,00000Ford Motor CompanyForeign legal person32.00%276,228,39400Hong Kong Securities Clearing Company Ltd. (HKSCC)Foreign legal person0.99%8,556,07100Industrial and Commercial Bank of China Limited - Guolian Superior Industry Mixed Securities Investment FundDomestic non-State-owned legal persons0.71%6,143,00100Jin XingDomestic natural person0.58%4,979,60000China Merchants Fund Management Co., Ltd. - Social Security Fund Portfolio 1903Domestic non-State-owned legal persons0.33%2,816,80000CITIC Securities Co., Ltd. – Invesco Great Wall CSI Shanghai-Hong Kong-Shenzhen Dividend Growth Low Volatility Index Securities Investment FundDomestic non-State-owned legal persons0.30%2,600,00000Zhao YongDomestic natural person0.29%2,479,80000China CITIC Bank Corporation Limited — E Fund CNI Value 100 Exchange Traded FundDomestic non-State-owned legal persons0.26%2,236,50000Li YifengDomestic natural0.22%1,891,50000 person Top ten shareholders holding unlimited tradable shares (excluding lending of shares through refinancing and executive lock-up shares) Shareholder NameShares without Trading RestrictionShare Type Nanchang Jiangling Investment Co., Ltd.354,176,000A share Ford Motor Company276,228,394B share Hong Kong Securities Clearing Company Ltd. (HKSCC)8,556,071A share Industrial and Commercial Bank of China Limited - Guolian Superior Industry Mixed Securities Investment Fund6,143,001A share Jin Xing4,979,600B share China Merchants Fund Management Co., Ltd. - Social Security Fund Portfolio 19032,816,800A share CITIC Securities Co., Ltd. – Invesco Great Wall CSI Shanghai-Hong Kong-Shenzhen Dividend Growth Low Volatility Index Securities Investment Fund2,600,000A share Zhao Yong2,479,800A share China CITIC Bank Corporation Limited — E Fund CNI Value 100 Exchange Traded Fund2,236,500A share Li Yifeng1,891,500B share Notes on association among above-mentioned shareholdersShareholders holding more than 5% are not related. Description of shareholders participating in financing and securities financing businessNone. Participation of Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unlimited shares in the lending of shares in the refinancing business
□Applicable ?Not Applicable
Change in the top 10 shareholders of the Company and the top 10 shareholders with unlimited shares from the previous period due to lending/repatriation of refinancing business
□Applicable ?Not Applicable
(2) Total number of shareholders holding preferred shares and top ten shareholders holding preferred shares
□Applicable ?Not Applicable
3. Other Major Events
□Applicable ?Not Applicable
4. Financial Statements
Jiangling Motors Corporation, Ltd.
(1) CONSOLIDATED AND COMPANY BALANCE SHEETS AS AT 30 SEPTEMBER 2026
(All amounts in RMB Yuan unless otherwise stated)
Item30 September 2026 Consolidated*31 December 2025 ConsolidatedCurrent assets Cash and cash equivalents13,370,835,29113,582,540,346Financial assets held for trading801,643,836801,902,466Accounts receivable5,911,891,3196,141,405,767Financing receivables69,353,840205,851,591Advances to suppliers74,474,07298,624,060Other receivables32,377,033134,768,377Inventories2,168,674,6072,011,925,708Current portion of non-current assets35,009,51727,153,632Other current assets1,203,789,5391,194,944,928Total current assets23,668,049,05424,199,116,875Non-current assets Long-term receivables80,900,38371,519,964Long-term equity investments173,758,228203,641,921Fixed assets5,374,479,9135,789,423,822Construction in progress567,895,828507,614,873Right-of-use assets60,343,965120,243,307Intangible assets1,493,772,9111,790,269,138Development expenditures106,522,06357,594,483Goodwill--Deferred tax assets1,011,720,416980,954,002Other non-current assets2,701,9914,912,712Total non-current assets8,872,095,6989,526,174,222TOTAL ASSETS32,540,144,75233,725,291,097Item30 September 2026 Consolidated*31 December 2025 ConsolidatedCurrent liabilities Short-term borrowings800,000,0001,950,000,000Derivative financial liabilities3,028,793695,349Notes payable476,036,649427,292,904Accounts payable11,094,994,48511,397,760,484Contract liabilities512,299,533545,864,754Employee benefits payable522,253,855729,156,434Taxes payable112,122,585132,698,441Other payables5,567,213,7445,803,694,871Current portion of non-current liabilities22,163,63491,863,024Other current liabilities310,232,012304,431,406Total current liabilities19,420,345,29021,383,457,667Non-current liabilities Long-term borrowings220,522460,276Lease liabilities30,255,42444,860,116Long-term employee benefits payable47,471,48749,853,000Provisions260,508,602255,436,677Deferred income19,894,36613,406,177Deferred tax liabilities201,437,672123,918,738Other non-current liabilities525,621,325461,860,038Total non-current liabilities1,085,409,398949,795,022Total liabilities20,505,754,68822,333,252,689Equity Share capital863,214,000863,214,000Capital surplus839,442,490839,442,490Less: treasury shares170,214,887170,214,887Other comprehensive income-23,862,000-23,862,000Special reserve9,805,8577,860,966Surplus reserve431,607,000431,607,000Retained earnings10,183,827,3869,752,190,648Total equity attributable to shareholders ofthe Company12,133,819,84611,700,238,217Minority interests-99,429,782-308,199,809Total equity12,034,390,06411,392,038,408TOTAL LIABILITIES AND EQUITY32,540,144,75233,725,291,097
* Unaudited financial indexes
(2) CONSOLIDATED AND COMPANY INCOME STATEMENTS FOR 1st
JANUARY 2026 TO 30th SEPTEMBER 2026
(All amounts in RMB Yuan unless otherwise stated)
Item2026.1.1-2026.9.30 Consolidated*2025.1.1-2025.9.30 Consolidated*Total Revenue28,786,329,29127,288,525,392Including: Revenue28,786,329,29127,288,525,392Total Cost of sales28,127,893,30326,574,464,198Including: Cost of sales25,445,878,75123,456,492,984Taxes and surcharges717,729,543874,428,587Selling and distribution expenses550,533,293652,178,361General and administrative expenses593,681,966714,087,246Research and development expenses899,523,420964,149,878Financial expenses-79,453,670-86,872,858Including: Interest expenses6,291,88413,491,216Interest income-76,779,020-111,644,594Add: Other income391,958,894387,822,730Investment income-1,189,453-1,667,833Including: Share of profit of associates and jointventures-3,258,294-11,862,039Gains on changes in fair value3,342,340-7,314,033Credit impairment losses-2,192,830-2,892,795Asset impairment losses-10,940,270107,070Gains on disposal of assets13,335,33817,397,780Operating profit1,052,750,0071,107,514,113Add: Non-operating income4,162,5832,790,940Less: Non-operating expenses4,703,3463,233,896Total profit1,052,209,2441,107,071,157Less: Income tax expenses144,239,945650,888,291Net profit907,969,299456,182,866Classified by continuity of operations Net profit from continuing operations907,969,299456,182,866Net profit from discontinued operations--Classified by ownership of the equity Attributable to shareholders of the Company906,621,916749,134,001Minority interests1,347,383-292,951,135Other comprehensive income, net of tax--Attributable to shareholders of the Company Other comprehensive income items which will not be reclassified to profit or loss Changes arising from remeasurement of defined benefit plan--Attributable to minority interests--Total comprehensive income907,969,299456,182,866Attributable to shareholders of the Company906,621,916749,134,001Attributable to minority interests1,347,383-292,951,135Earnings per share Basic earnings per share(RMB Yuan)1.060.87Diluted earnings per share(RMB Yuan)1.060.87*: Unaudited financial indexes
(All amounts in RMB Yuan unless otherwise stated)
Item2026.1.1-2026.9.30 Consolidated*2025.1.1-2025.9.30 Consolidated*Cash flows generated from operating activities Cash received from sales of goods or rendering of services31,486,549,06028,285,096,504Refunds of taxes101,430,106-Cash received relating to other operating activities237,694,693365,842,336Sub-total of cash inflows31,825,673,85928,650,938,840Cash paid for goods and services24,930,977,29222,758,076,662Cash paid to and on behalf of employees2,189,580,7482,144,384,139Payments of taxes and surcharges1,491,954,4231,864,060,966Cash paid relating to other operating activities1,431,460,5641,682,512,276Sub-total of cash outflows30,043,973,02728,449,034,043Net cash flows generated from operating activities1,781,700,832201,904,797Cash flows used in investing activities Cash received from returns of investments2,429,010,30055,000,000Cash received from disposal on investments8,347,616264,648Net cash received from disposal of fixed assets, intangible assets and other long-term assets152,439,58240,750,669Cash received relating to other investing activities112,020,968118,320,297Sub-total of cash inflows2,701,818,466214,335,614Cash paid to acquire fixed assets, intangible assets and other long-term assets815,718,517814,672,096Cash paid to acquire investments2,400,000,00055,000,000Cash paid relating to other investing activities321,873533,226Sub-total of cash outflows3,216,040,390870,205,322Net cash flows used in investing activities-514,221,924-655,869,708Cash flows used in financing activities Cash received from absorbing investments206,400,395-Including: cash received by the subsidiary fromabsorbing minority shareholders" investment206,400,395-Cash received from borrowings2,446,247,3333,730,381,417Sub-total of cash inflows2,652,647,7283,730,381,417Cash repayments of borrowings3,600,223,8184,350,240,906Cash payments for distribution of dividends, profits or interest expenses474,251,290617,395,698Cash paid relating to other financing activities21,508,504190,177,199Sub-total of cash outflows4,095,983,6125,157,813,803Net cash flows used in financing activities-1,443,335,884-1,427,432,386Effect of foreign exchange rate changes on cash and cash equivalents--Net decrease in cash and cash equivalents-175,856,976-1,881,397,297Add: Cash and cash equivalents at beginning of year13,491,154,20012,475,176,009Cash and cash equivalents at end of period13,315,297,22410,593,778,712at the beginning of the year related items
□Applicable ?Not Applicable
3. Whether the 2026 Third quarter report is audited?
□Yes ?No
JMC 2026 Third Quarter Report is not audited.
Board of Directors
Jiangling Motors Corporation, Ltd.
October 23, 2026
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