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

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 YoY Beginning of YoY

(2026 Third Change Year to End of Change
Quarter) (%) Reporting (%)

Period

Revenue 9,424,462,040 2.48% 28,786,329,291 5.49%

Net Profit Attributable to the 167,819,685 922.92% 906,621,916 21.02%
Equity Holders of the Company
Net Profit Attributable to the

Equity Holders of the Company 152,960,633 309.74% 751,073,338 60.83%
After Deducting Non-Recurring
Profit or Loss

Net Cash Generated From —— —— 1,781,700,832 782.45%
Operating Activities

Basic Earnings Per Share 0.20 900.00% 1.06 21.84%
(RMB)

Diluted Earnings Per Share 0.20 900.00% 1.06 21.84%
(RMB)

Weighted Average Return on 1.45% 1.29% 7.56% 0.98%
Net Asset Ratio (%)

At the End of the At the End of the Change
Reporting Period Previous Year (%)

Total Assets 32,540,144,752 33,725,291,097 -3.51%

Shareholder’s Equity Attributable to the 12,133,819,846 11,700,238,217 3.71%
Equity Holders of the Company

(2) Non-recurring gains and losses items and amounts

？Applicable □Not Applicable

Unit: RMB

Reporting period Beginning of
(2026 Third Year to End of
Quarter) Reporting Period

Gain Profit or and loss of non-current assets disposal

(including the reversal charge-off part of the asset 10,297,381 14,871,575
impairment provision)

Government subsidies included in the current gain or 1,997,623 166,599,397
profit and loss

In 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 2,044,723 3,034,106
financial liabilities, as well as the investment income

obtained from the disposal of trading financial assets,

trading financial liabilities and available for sale

financial assets

Capital occupation fee charged from for non-financial 1,288,674 3,267,597
enterprises included in the current profit and loss

Reversal of impairment allowance for individually 1,558,669
assessed receivables

Other non-operating income and expenses except the 1,921,381 307,900
above

Less: Income tax impact amount 2,470,230 30,195,166

Influence of minority shareholders' equity (after-tax) 220,500 3,895,500

Total 14,859,052 155,548,578

Details of other profit and loss items that meet the definition of non-recurring

profit and loss

□Applicable ？Not Applicable

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 n

ot 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 JMC had 35,168 shareholders, including 29,451 A-share holders and 5,717 B-share
(as at September 30, holders.

2026)

Top ten shareholders (excluding lending of shares through refinancing)

Shareholding Shares at Shares with Shares due
Shareholder Name Shareholder Percentage the End of Trading to Mortgage
Type (%) Year Restriction or Frozen or
Mark

Nanchang Jiangling Investment State-owned 41.03% 354,176,000 0 0
Co., Ltd. legal person

Ford Motor Company Foreign legal 32.00% 276,228,394 0 0
person

Hong Kong Securities Clearing Foreign legal 0.99% 8,556,071 0 0
Company Ltd. (HKSCC) person

Industrial and Commercial Bank of

China Limited - Guolian Superior Domestic

Industry Mixed Securities non-State-owned 0.71% 6,143,001 0 0
legal persons

Investment Fund

Jin Xing Domestic natural 0.58% 4,979,600 0 0
person

China Merchants Fund Domestic

Management Co., Ltd. - Social non-State-owned 0.33% 2,816,800 0 0
Security Fund Portfolio 1903 legal persons

CITIC Securities Co., Ltd. –

Invesco Great Wall CSI Domestic

Shanghai-Hong Kong-Shenzhen non-State-owned 0.30% 2,600,000 0 0
Dividend Growth Low Volatility legal persons

Index Securities Investment Fund

Zhao Yong Domestic natural 0.29% 2,479,800 0 0
person

China CITIC Bank Corporation Domestic

Limited — E Fund CNI Value 100 non-State-owned 0.26% 2,236,500 0 0
Exchange Traded Fund legal persons

Li Yifeng Domestic natural 0.22% 1,891,500 0 0

person

Top ten shareholders holding unlimited tradable sha

res (excluding lending of shares through refinancing and

executive lock-up shares)

Shareholder Name Shares without Trading Share Type

Restriction

Nanchang Jiangling Investment Co., Ltd. 354,176,000 A share

Ford Motor Company 276,228,394 B share

Hong Kong Securities Clearing Company Ltd. 8,556,071 A share
(HKSCC)

Industrial and Commercial Bank of China Limited -

Guolian Superior Industry Mixed Securities 6,143,001 A share
Investment Fund

Jin Xing 4,979,600 B share

China Merchants Fund Management Co., Ltd. - 2,816,800 A share
Social Security Fund Portfolio 1903

CITIC Securities Co., Ltd. – Invesco Great Wall CSI

Shanghai-Hong Kong-Shenzhen Dividend Growth 2,600,000 A share
Low Volatility Index Securities Investment Fund

Zhao Yong 2,479,800 A share

China CITIC Bank Corporation Limited — E Fund 2,236,500 A share
CNI Value 100 Exchange Traded Fund

Li Yifeng 1,891,500 B share

Notes on association among above-mentioned Shareholders holding more than 5% are not related.
shareholders

Description of shareholders participating in financing and None.

securities financing business

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)

Item 30 September 2026 31 December 2025
Consolidated* Consolidated

Current assets

Cash and cash equivalents 13,370,835,291 13,582,540,346

Financial assets held for trading 801,643,836 801,902,466

Accounts receivable 5,911,891,319 6,141,405,767

Financing receivables 69,353,840 205,851,591

Advances to suppliers 74,474,072 98,624,060

Other receivables 32,377,033 134,768,377

Inventories 2,168,674,607 2,011,925,708

Current portion of non-current assets 35,009,517 27,153,632

Other current assets 1,203,789,539 1,194,944,928

Total current assets 23,668,049,054 24,199,116,875

Non-current assets

Long-term receivables 80,900,383 71,519,964

Long-term equity investments 173,758,228 203,641,921

Fixed assets 5,374,479,913 5,789,423,822

Construction in progress 567,895,828 507,614,873

Right-of-use assets 60,343,965 120,243,307

Intangible assets 1,493,772,911 1,790,269,138

Development expenditures 106,522,063 57,594,483

Goodwill - -

Deferred tax assets 1,011,720,416 980,954,002

Other non-current assets 2,701,991 4,912,712

Total non-current assets 8,872,095,698 9,526,174,222

TOTAL ASSETS 32,540,144,752 33,725,291,097

Item 30 September 2026 31 December 2025
Consolidate

d* Consolidated

Current liabilities

Short-term borrowings 800,000,000 1,950,000,000

Derivative financial liabilities 3,028,793 695,349

Notes payable 476,036,649 427,292,904

Accounts payable 11,094,994,485 11,397,760,484

Contract liabilities 512,299,533 545,864,754

Employee benefits payable 522,253,855 729,156,434

Taxes payable 112,122,585 132,698,441

Other payables 5,567,213,744 5,803,694,871

Current portion of non-current liabilities 22,163,634 91,863,024

Other current liabilities 310,232,012 304,431,406

Total current liabilities 19,420,345,290 21,383,457,667

Non-current liabilities

Long-term borrowings 220,522 460,276

Lease liabilities 30,255,424 44,860,116

Long-term employee benefits payable 47,471,487 49,853,000

Provisions 260,508,602 255,436,677

Deferred income 19,894,366 13,406,177

Deferred tax liabilities 201,437,672 123,918,738

Other non-current liabilities 525,621,325 461,860,038

Total non-current liabilities 1,085,409,398 949,795,022

Total liabilities 20,505,754,688 22,333,252,689

Equity

Share capital 863,214,000 863,214,000

Capital surplus 839,442,490 839,442,490

Less: treasury shares 170,214,887 170,214,887

Other comprehensive income -23,862,000 -23,862,000

Special reserve 9,805,857 7,860,966

Surplus reserve 431,607,000 431,607,000

Retained earnings 10,183,827,386 9,752,190,648

Total equity attributable to shareholders of 12,133,819,846 11,700,238,217
the Company

Minority interests -99,429,782 -308,199,809

Total equity 12,034,390,064 11,392,038,408

TOTAL LIABILITIES AND EQUITY 32,540,144,752 33,725,291,097

* 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)

Item 2026.1.1-2026.9.30 2025.1.1-2025.9.30
Consolidated* Consolidated*

Total Revenue 28,786,329,291 27,288,525,392

Including: Revenue 28,786,329,291 27,288,525,392

Total Cost of sales 28,127,893,303 26,574,464,198

Including: Cost of sales 25,445,878,751 23,456,492,984

Taxes and surcharges 717,729,543 874,428,587

Selling and distribution expenses 550,533,293 652,178,361

General and administrative expenses 593,681,966 714,087,246

Research and development expenses 899,523,420 964,149,878

Financial expenses -79,453,670 -86,872,858

Including: Interest expenses 6,291,884 13,491,216

Interest income -76,779,020 -111,644,594

Add: Other income 391,958,894 387,822,730

Investment income -1,189,453 -1,667,833

Including: Share of profit of associates and joint -3,258,294 -11,862,039
ventures

Gains on changes in fair value 3,342,340 -7,314,033

Credit impairment losses -2,192,830 -2,892,795

Asset impairment losses -10,940,270 107,070

Gains on disposal of assets 13,335,338 17,397,780

Operating profit 1,052,750,007 1,107,514,113

Add: Non-operating income 4,162,583

2,790,940

Less: Non-operating expenses 4,703,346 3,233,896

Total profit 1,052,209,244 1,107,071,157

Less: Income tax expenses 144,239,945 650,888,291

Net profit 907,969,299 456,182,866

Classified by continuity of operations

Net profit from continuing operations 907,969,299 456,182,866

Net profit from discontinued operations - -

Classified by ownership of the equity

Attributable to shareholders of the Company 906,621,916 749,134,001

Minority interests 1,347,383 -292,951,135

Other 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 income 907,969,299 456,182,866

Attributable to shareholders of the Company 906,621,916 749,134,001

Attributable to minority interests 1,347,383 -292,951,135

Earnings per share

Basic earnings per share(RMB Yuan) 1.06 0.87

Diluted earnings per share(RMB Yuan) 1.06 0.87

*: Unaudited financial indexes

JANUARY 2026 TO 30th SEPTEMBER 2026

(All amounts in RMB Yuan unless otherwise stated)

Item 2026.1.1-2026.9.30 2025.1.1-2025.9.30
Consolidated* Consolidated*

Cash flows generated from operating activities

Cash received from sales of goods or rendering of 31,486,549,060 28,285,096,504
services

Refunds of taxes 101,430,106 -

Cash received relating to other operating activities 237,694,693 365,842,336

Sub-total of cash inflows 31,825,673,859 28,650,938,840

Cash paid for goods and services 24,930,977,292 22,758,076,662

Cash paid to and on behalf of employees 2,189,580,748 2,144,384,139

Payments of taxes and surcharges 1,491,954,423 1,864,060,966

Cash paid relating to other operating activities 1,431,460,564 1,682,512,276

Sub-total of cash outflows 30,043,973,027 28,449,034,043

Net cash flows generated from operating activities 1,781,700,832 201,904,797

Cash flows used in investing activities

Cash received from returns of investments 2,429,010,300 55,000,000

Cash received from disposal on investments 8,347,616 264,648

Net cash received from disposal of fixed assets, 152,439,582 40,750,669
intangible assets and other long-term assets

Cash received relating to other investing activities 112,020,968 118,320,297

Sub-total of cash inflows 2,701,818,466 214,335,614

Cash paid to acquire fixed assets, intangible assets and 815,718,517 814,672,096
other long-term assets

Cash paid to acquire investments 2,400,000,000 55,000,000

Cash paid relating to other investing activities 321,873 533,226

Sub-total of cash outflows 3,216,040,390 870,205,322

Net cash flows used in investing activities -514,221,924 -655,869,708

Cash flows used in financing activities

Cash received from absorbing investments 206,400,395 -

Including: cash received by the subsidiary from 206,400,395 -
absorbing minority shareholders' investment

Cash received from borrowings 2,446,247,333 3,730,381,417

Sub-total of cash inflows 2,652,647,728 3,730,381,417

Cash repayments of borrowings 3,600,223,818 4,350,240,906

Cash payments for distribution of dividends, profits or 474,251,290 617,395,698
interest expenses

Cash paid relating to other financing activities 21,508,504 190,177,199

Sub-total of cash outflows 4,095,983,612 5,157,813,803

Net cash flows used in fi

nancing activities -1,443,335,884 -1,427,432,386

Effect of foreign exchange rate changes on cash - -
and cash equivalents

Net decrease in cash and cash equivalents -175,856,976 -1,881,397,297

Add: Cash and cash equivalents at beginning of year 13,491,154,200 12,475,176,009

Cash and cash equivalents at end of period 13,315,297,224 10,593,778,712

* Unaudited financial indexes

2. In 2026, the first implementation of the new accounting standards
adjustment and the situation of first implementation of the financial statements
at the beginning of the year related items