Special note: The financial data of first half of 2024 disclosed herein are preliminaryaccounting data, which are not audited by CPAs and might differ from the final datadisclosed in the Company’s half-year report; investors are advised to pay attention toinvestment risks.
1. Main accounting data and financial ratios in the first half of 2024
Unit: RMB
| Item | Reporting period (2024 first half) | Same period last year | Changes |
| 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 Company’s Equity Holders | 895,480,117.00 | 729,387,557.00 | 22.77% |
| Net Profit Attributable to the Company’s Equity Holders After Deducting Non-Recurring Profit or Loss | 811,172,488.00 | 417,729,211.00 | 94.19% |
| Earnings Per Share | 1.04 | 0.84 | 22.77% |
| Weighted Average Return on Net Asset Ratio (%) | 8.29% | 7.59% | Up 0.70 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 Equity Holders | 10,655,967,834.00 | 10,350,145,738.00 | 2.95% |
| Share Capital | 863,214,000 | 863,214,000 | 0.00% |
| Net Assets Per Share Attributable to the Company’s Equity Holders | 12.34 | 11.99 | 2.95% |
| Share’s code： | 000550 | Share’s Name： | Jiangling Motors | No.： | 2024-029 |
| 200550 | Jiangling B |
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 unitsof 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 Attributableto the Company’s Equity Holders increased by 56% and 22.77% respectively comparedwith the same period last year, mainly reflecting the sales volume growth, tight control ofexpenses and the increase in profit from recognition of the additional deduction VAT inputin the current period. The Company’s Net Profit Attributable to the Company’s EquityHolders after Deducting Non-Recurring Profit or Loss in the first half of 2024 increasedby 94.19% compared with the same period last year, mainly due to the increase in netprofit and the changes of the government incentives recorded in profit or loss of the currentperiod.
3. Documents for reference
The comparative balance sheets and income statements signed and sealed by the currentlegal representative, the chief financial officer and the head of the finance department ofthe Company.
Board of DirectorsJiangling Motors Corporation, Ltd.July 24, 2024