Share’s code： 000550 Share’s Name： JianglingMotors No.： 2024—002
200550 JianglingB
Jiangling MotorsCorporation, Ltd.
Public Announcementon the 2023Annual Preliminary Results
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.
1. Preliminary Results for the Current Period
a. The period:January 1, 2023 ~ December 31, 2023
b. Preliminary results: raised trend inthe same direction
Unit: RMB thousand
Item Reporting period(2023) Same periodlast year
(2022)
ProfitAttributable to the Profit: 1,475,600
Company’s Equity Holders Profit: 915,050
YoY Change (%): 61.26%
Net ProfitAfter Deducting Profit: 995,240
Non-Recurring Profit or Loss Loss: 229,670
YoY Change (%):533.33%
Basic Earnings Per Share Profit :1.71 Per share Profit: 1.06 Per share
(RMB)
2. Communication with the Accounting Firm
The financial data concerned in the announcement are not pre-audited by CPAs. The
Company has conducted a pre-communication with the accounting firm on the
matters related to the preliminary results, and there are no major differences between
the Company and the accounting firm in the fi nancial data related to the
announcement.
3. Explanation of the Reasons for the Changes in Performance
In 2023, JMC achieved a total sales volume of 310,008 units, up by 9.93% compared
with last year, incl uding 80,223 units of Light Bus, 62,815 units of Truck, 59,660
units of Pickup, and 107,310 units of SUV
The Company’s Profit Attributable to the Company’s Equity Holders in 2023
increased by 61.26% compared with that in 2022, mai nl y due to the increase in gross
profit brought by sales growth, the Company’s continuous cost reduction and
efficiency improvement actions, such as design optimization and process
improvement, as well as the increase inprofit caused bychanges in Minority Interests.
Meanwhile, the increase in profits was partially offset by the assets i mpairme nt
provisions accrued to reflect the idle long-term assets of the Company’s
wholly-owned subsidiary, JMC Heavy Duty Vehicle Co., Ltd., due to the ter mi natio n
of the restructuring transaction.
4. Other Statements
The financial data of Year 2023 disclosed herein are preliminary accounting data,
which are not audited by CPAs and might differ from the fi nal results disclosed in the
annual report. Investors are advisedto pay attention to investment risk.
Board of Directors
Jiangling Motors Corporation, Ltd.
January 20, 2024
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