Jiangling Motors Corporation, Ltd. and its Board members undertake that theinformation disclosed herein is truthful, accurate and complete and does not containany false statement, misrepresentation or major omission.
1. Preliminary Results for the Current Period
a. The period: January 1, 2022 ~ December 31, 2022b. Preliminary results: raised trend in the same direction
Unit: RMB thousand
| Item | Reporting period (2022) | Same period last year (2021) |
| Profit Attributable to the Company’s Equity Holders | Profit: 915,049.2 | Profit: 574,165.9 |
| YoY Change (%): 59.37% | ||
| Net Profit After Deducting Non-Recurring Profit or Loss | Loss: 229,667.7 | Profit: 29,628.8 |
| YoY Change (%): -875.15% | ||
| Basic Earnings Per Share (RMB) | Profit :1.06 Per share | Profit: 0.67 Per share |
2. Communication with the Accounting Firm
The financial data concerned in the announcement are not pre-audited by CPAs. TheCompany has conducted a pre-communication with the accounting firm on the mattersrelated to the preliminary results, and there are no major differences between the Companyand the accounting firm in the financial data related to the announcement.
3. Explanation of the Reasons for the Change in Performance
In 2022, JMC achieved a total sales volume of 282,008 units, down by 17.3% comparedwith last year, including 77,237 units of Light Bus, 64,727 units of Truck, 62,872 units ofPickup, and 77,172 units of SUV.
In 2022, the Company’s Profit Attributable to the Company’s Equity Holders increasedby 59.37% compared with last year, mainly reflecting the increase of profit driven by thereceived government incentives and disposal of the land and above-ground buildings andconstruction in the Qingyunpu Plant of the Company, which offset the decrease of profitresulted from the decreased sales volume and the increased cost of raw materials and chips.
The government incentives received by the Company in the current period, which are
| Share’s code： | 000550 | Share’s Name： | Jiangling Motors | No.： | 2023-002 |
| 200550 | Jiangling B |
included in the current profit and loss, are about RMB 943 million, and the profit from thedisposal of land and above-ground buildings and construction in the Qingyunpu Plant ofthe Company is about RMB 394 million, all of which are the impact of pre-tax profit. Theabove-mentioned items are non-recurring profit and loss items.
4. Other Statements
The financial data of Year 2022 disclosed herein are preliminary accounting data, whichare not audited by CPAs and might differ from the final results disclosed in the annualreport. Investors are advised to pay attention to investment risk.
Board of DirectorsJiangling Motors Corporation, Ltd.January 20, 2023