[三季报]江 铃Ｂ(200550):江铃汽车股份有限公司2022年第三季度报告（英文版）
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时间：2022年10月25日 21:04:07 中财网 |
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原标题:江 铃Ｂ:江铃汽车股份有限公司2022年第三季度报告（英文版）
Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2022-038 200550 Jiangling B
Jiangling Motors Corporation, Ltd.
2022 Third Quarter Report
Jiangling Motors Co., 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.
Important Note
1. The Board of Directors and its members, the Supervisory Board and its members, and the senior executives are jointly and severally liable for the truthfulness, accuracy and completeness of the information disclosed in the Report, and confirm that the information disclosed herein does not contain any false statement, misrepresentation or major omission.
2 Chairman Qiu Tiangao, CFO Joey Zhu and Chief of Finance Department, Ding Ni, confirm that the financial statements in this Quarter Report are truthful, accurate and complete.
3. Whether the 2022 third report is audited?
□Yes □√No
§1 Brief Introduction
1. Main accounting data and financial indicators
Unit: RMB
| | Reporting period
(2022 Third quarter) | YoY
Change
(%) | Beginning of
year to end of
reporting period | YoY
Change
(%) | | Revenue | 7,808,857,974.00 | -0.08% | 22,031,617,358.00 | -13.57% | | Profit Attributable to the Equity
Holders of the Company | 264,803,793.00 | 266.58% | 717,184,815.00 | 50.21% | | Net Profit Attributable to
Shareholders of Listed Company
After Deducting Non-Recurring
Profit or Loss | 39,085,652.00 | -48.27% | -69,348,924.00 | -136.62% | | Net Cash Generated From
Operating Activities | —— | —— | -2,222,930,140.00 | -389.83% | | Basic Earnings Per Share (RMB) | 0.31 | 266.58% | 0.83 | 50.21% | | Diluted Earnings Per Share (RMB) | 0.31 | 266.58% | 0.83 | 50.21% | | Weighted Average Return on Net | 3.02% | 1.90% | 8.09% | 3.57% | | Asset Ratio (%) | | | | | | | At the end of the
reporting period | At the end of the previous year | Change
(%) | | | Total Assets | 26,880,819,216.00 | 26,359,084,120.00 | 1.98% | | | Shareholder’s equity Attributable to
the Equity Holders of the Company | 9,043,014,480.00 | 8,555,444,589.00 | 5.70% | |
2. Non-recurring profit and loss items and amounts
□√Applicable □Not Applicable
Unit: RMB
| | Reporting period
(2022 Third
quarter) | Beginning of
year to end of
reporting period | | Profit and loss of non-current assets disposal (including the
charge-off part of the asset impairment provision) | -2,096,625.00 | 393,215,637.00 | | Government subsidies included in the current profit and loss | 263,814,531.00 | 524,873,765.00 | | Capital occupation fee charged for non-financial enterprises
included in the current profit and loss | 3,541,434.00 | 10,570,506.00 | | 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 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 | 1,866,883.00 | -2,307,236.00 | | Return of the impairment provision for receivables with a
separate impairment test | - | 110,068.00 | | Other non-operating income and expenses except the above | -833,014.00 | 929,134.00 | | Less: Income tax impact amount | 40,428,713.00 | 140,619,972.00 | | Influence of minority shareholders' equity (after-tax) | 146,355.00 | 238,163.00 | | Total | 225,718,141.00 | 786,533,739.00 |
Details of other profit and loss items that meet the definition of non-recurring profit and loss
□Applicable □√Not Applicable
There is no any other profit and loss items that meet the definition of non-recurring profit and loss in the Company.
The description of that the non-recurring profit and loss items listed in Corporate Information Disclosure of Public Issuing Securities No.1 are 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 2022, JMC sold 207,671 vehicles in total, down 16.63% compared with the same period last year, including 50,538 trucks, 49,115 pickups, 53,796 SUVs, and 54,222 light buses. Revenue and profit attributable to the equity holders of the Company during the first three quarters of 2022 were RMB 22,032 million and RMB 717 million, decrease 13.57% and increase 50.21% respectively compared with the same period last year.
As of the end of the third quarter of 2022, compared with the end of the previous year, financial assets held for trading decreased by RMB 100 million, down 100%, mainly reflecting the decrease of structured deposit investments.
As of the end of the third quarter of 2022, compared with the end of the previous year, accounts receivable increased by RMB 1,537 million, up 51.33%, mainly reflecting the growth of vehicle export business.
As of the end of the third quarter of 2022, compared with the end of the previous year, other receivables decreased by RMB 164 million, down 41%, mainly due to the receipt of subsidiary equity transfer funds.
As of the end of the third quarter of 2022, compared with the end of the previous year, development expenditures increased by RMB 187 million, up 168.18%, mainly due to the increase in the amount of R&D investment eligible for capitalization in the current period.
As of the end of the third quarter of 2022, compared with the end of the previous year, short-term borrowings increased by RMB 1,500 million, up 500%, mainly reflecting the increase in short-term bank borrowing.
As of the end of the third quarter of 2022, compared with the end of the previous year, contract liabilities decreased by RMB 110 million, down 40.46%, mainly reflecting the Company pre-charges the payment for vehicles, components and service, part of which has been categorized to operating revenue of the period.
As of the end of the third quarter of 2022, compared with the end of the previous year, taxes payable decreased by RMB 135 million, down 46.98%, mainly reflecting the decrease of the taxes payable at the end of the period.
During the first three quarters of 2022, compared with the same period last year, financial expenses increased by RMB 96 million, up 45.81%, mainly reflecting the decrease of the interest income from bank deposits and the increase of the financial interest expenses.
During the first three quarters of 2022, compared with the same period last year, other income increased by RMB 181 million, up 52.72%, mainly reflecting the increase of the received government incentives.
During the first three quarters of 2022, compared with the same period last year, gains on disposal of assets increased by RMB 370 million, up 1,461.58%, mainly reflecting the disposal of the land and above-ground buildings and construction in the Qingyunpu site of the Company to bring income.
During the first three quarters of 2022, compared with the same period last year, net profit attributable to the equity holders of the Company increased by RMB 240 million, up 50.21%, mainly reflecting the increase of profit driven by the disposal of the land and above-ground buildings and construction in the Qingyunpu site of the Company.
During the first three quarters of 2022, compared with the same period last year, net cash flows from operating activities decreased by RMB 1,769 million, down 389.83%, mainly due to the decrease in cash received from the sale of goods resulting from the decrease in sales revenue.
During the first three quarters of 2022, compared with the same period last year, net cash flows from investing activities increased by RMB 161 million, up 101.71%, mainly reflecting the current received disposal payment of the land and above-ground buildings and construction in the Qingyunpu site of the Company.
During the first three quarters of 2022, compared with the same period last year, net cash flows from financing activities increased by RMB 4,297 million, up 142.04%, mainly due to the increase of short-term bank borrowings and the decrease of dividend paid in the current period.
During the first three quarters of 2022, compared with the same period last year, the net decrease of cash and cash equivalents decreased by RMB 2,689 million, down 80.99%, mainly due to the increase in net cash flow generated from financing activities in the current period .
§2 Shareholder Information
1. Total number of shareholders and top ten shareholders
| Total shareholders (as of
September 30, 2022) | JMC had 50,379 shareholders, including 44,705 A-shareholders, and 5,674
B-shareholders. | | | | | | Top ten shareholders | | | | | | | Shareholder Name | Shareholder Type | Shareholding
Percentage
(%) | Shares at the
End of Year | Shares with
Trading
Restriction | Shares due to
Mortgage or
Frozen or Mark | | Nanchang Jiangling
Investment Co., Ltd. | State-owned legal
person | 41.03% | 354,176,000 | 0 | 0 | | Ford Motor Company | Foreign legal person | 32.00% | 276,228,394 | 0 | 0 | | Shanghai Automotive
Co., Ltd. | State-owned
Legal person | 1.51% | 13,019,610 | 0 | 0 | | Jin Xing | Domestic natural
person | 0.71% | 6,095,980 | 0 | 0 | | GAOLING FUND, L.P. | Foreign legal person | 0.63% | 5,453,086 | 0 | 0 | | Social Security Fund -
One One Zero Three
Combinations | Domestic
non-State-owned
legal persons | 0.45% | 3,844,587 | 0 | 0 | | Hong Kong Securities
Clearing Company Ltd.
(HKSCC) | Foreign legal person | 0.44% | 3,822,801 | 0 | 0 | | INVESCO FUNDS
SICAV | Foreign legal person | 0.44% | 3,818,089 | 0 | 0 | | Wells Securities
Dividend Index
Enhanced Securities
Investment Fund | Domestic
non-State-owned
legal persons | 0.41% | 3,575,094 | 0 | 0 | | Li Yifeng | Domestic natural
person | 0.34% | 2,942,226 | 0 | 0 | | Top ten shareholders holding unlimited tradable shares | | | | | | | Shareholder Name | Shares without Trading
Restriction | Share Type | | | | | Nanchang Jiangling Investment Co., Ltd. | 354,176,000 | A share | | | | | Ford Motor Company | 276,228,394 | B share | | | | | Shanghai Automotive Co., Ltd. | 13,019,610 | A share | | | | | Jin Xing | 6,095,980 | B share | | | | | GAOLING FUND, L.P. | 5,453,086 | B share | | | | | Social Security Fund - One One Zero Three
Combinations | 3,844,587 | A share | | | | | Hong Kong Securities Clearing Company Ltd.
(HKSCC) | 3,822,801 | A share | | | | | INVESCO FUNDS SICAV | 3,818,089 | B share | | | | | Wells Securities Dividend Index Enhanced
Securities Investment Fund | 3,575,094 | A share | | | | | Li Yifeng | 2,942,226 | B share | | | | | Notes on association among above-mentioned
shareholders | None. | | | | |
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 BALANCE SHEET AS AT 30 September 2022
(All amounts in RMB Yuan unless otherwise stated)
| ASSETS | 30 September 2022
Consolidated* | 31 December 2021
Consolidated | | Current assets | | | | Cash and cash equivalents | 8,937,933,216.00 | 9,569,051,314.00 | | Financial assets held for trading | - | 100,242,329.00 | | Notes receivable | 69,801,200.00 | 119,783,900.00 | | Accounts receivable | 4,532,108,125.00 | 2,994,798,227.00 | | Financing receivables | 237,155,047.00 | 201,511,670.00 | | Advances to suppliers | 440,536,396.00 | 497,302,198.00 | | Other receivables | 236,001,250.00 | 399,983,736.00 | | Inventories | 1,924,945,481.00 | 1,974,728,632.00 | | Current portion of non-current assets | 13,695,132.00 | 13,236,153.00 | | Other current assets | 1,180,594,070.00 | 984,174,056.00 | | Total current assets | 17,572,769,917.00 | 16,854,812,215.00 | | Non-current assets | | | | Long-term receivables | 34,658,436.00 | 44,952,638.00 | | Long-term equity investments | 249,987,521.00 | 257,251,255.00 | | Fixed assets | 5,528,410,452.00 | 6,029,302,031.00 | | Construction in progress | 522,420,930.00 | 448,338,672.00 | | Right-of-use assets | 249,120,719.00 | 306,225,810.00 | | Intangible assets | 1,068,467,524.00 | 1,073,881,961.00 | | Development expenditures | 297,693,532.00 | 111,004,350.00 | | Deferred tax assets | 1,232,876,984.00 | 1,233,315,188.00 | | Other non-current assets | 124,413,201.00 | - | | Total non-current assets | 9,308,049,299.00 | 9,504,271,905.00 | | TOTAL ASSETS | 26,880,819,216.00 | 26,359,084,120.00 | | Current liabilities | | | | Short-term borrowings | 1,800,000,000.00 | 300,000,000.00 | | Derivative financial liabilities | 223,750.00 | 10,704,619.00 | | Accounts payable | 8,283,731,852.00 | 9,702,584,830.00 | | Contract liabilities | 162,116,609.00 | 272,274,177.00 | | Employee benefits payable | 782,627,863.00 | 766,986,525.00 | | Taxes payable | 152,269,683.00 | 287,171,720.00 | | Other payables | 5,480,903,131.00 | 5,253,800,805.00 | | Current portion of non-current liabilities | 72,326,611.00 | 78,039,188.00 | | Other current liabilities | 423,670,076.00 | 420,456,813.00 | | Total current liabilities | 17,157,869,575.00 | 17,092,018,677.00 | | Non-current liabilities | | | | Long-term borrowings | 2,092,160.00 | 2,087,537.00 | | Lease liabilities | 193,273,730.00 | 263,409,414.00 | | Long-term employee benefits payable | 52,919,778.00 | 55,684,000.00 | | Provisions | 216,310,512.00 | 197,587,164.00 | | Deferred income | 61,819,437.00 | 49,074,545.00 | | Deferred tax liabilities | 23,479,174.00 | 24,000,545.00 | | Other non-current liabilities | 119,081,623.00 | 119,777,649.00 | | Total non-current liabilities | 668,976,414.00 | 711,620,854.00 | | Total liabilities | 17,826,845,989.00 | 17,803,639,531.00 | | Equity | | | | Share capital | 863,214,000.00 | 863,214,000.00 | | Capital surplus | 839,442,490.00 | 839,442,490.00 | | Other comprehensive income | -16,422,750.00 | -16,422,750.00 | | Surplus reserve | 431,607,000.00 | 431,607,000.00 | | Retained earnings | 6,925,173,740.00 | 6,437,603,849.00 | | Total equity attributable to shareholders of the Company | 9,043,014,480.00 | 8,555,444,589.00 | | Minority interests | 10,958,747.00 | - | | Total equity | 9,053,973,227.00 | 8,555,444,589.00 | | TOTAL LIABILITIES AND EQUITY | 26,880,819,216.00 | 26,359,084,120.00 |
* Unaudited financial indexes
ST
2. CONSOLIDATED INCOME STATEMENTS FROM 1 JANUARY 2022 TO
TH
30 SEPTEMBER 2022
(All amounts in RMB Yuan unless otherwise stated)
| Item | 2022.1.1-2022.9.30
Consolidated* | 2021.1.1-2021.9.30
Consolidated* | | Total Revenue | 22,031,617,358.00 | 25,491,054,253.00 | | Including: Revenue | 22,031,617,358.00 | 25,491,054,253.00 | | Total Cost of sales | 22,210,150,244.00 | 25,332,786,549.00 | | Including: Cost of sales | 18,870,567,493.00 | 21,552,830,774.00 | | Taxes and surcharges | 649,198,393.00 | 699,123,834.00 | | Selling and distribution expenses | 1,084,934,871.00 | 1,357,136,025.00 | | General and administrative expenses | 684,921,452.00 | 805,117,434.00 | | Research and development expenses | 1,033,734,057.00 | 1,127,465,570.00 | | Financial expenses | -113,206,022.00 | -208,887,088.00 | | Including: Interest expenses | 41,152,045.00 | 12,735,235.00 | | Interest income | -175,474,827.00 | -211,784,418.00 | | Add: Other income | 524,873,765.00 | 343,680,301.00 | | Investment income | -32,212,952.00 | -20,043,348.00 | | Including: Share of profit of associates and joint ventures | -7,263,734.00 | -1,496,509.00 | | Gains on changes in fair value | 10,238,540.00 | -7,577,109.00 | | Credit impairment losses | 12,474,916.00 | 18,196,099.00 | | Gains on disposal of assets | 395,120,147.00 | 25,302,606.00 | | Operating profit | 731,961,530.00 | 517,826,253.00 | | Add: Non-operating income | 3,293,204.00 | 2,988,740.00 | | Less: Non-operating expenses | 4,268,579.00 | 30,031,709.00 | | Total profit | 730,986,155.00 | 490,783,284.00 | | Less: Income tax expenses | 51,842,593.00 | 13,333,376.00 | | Net profit | 679,143,562.00 | 477,449,908.00 | | Classified by continuity of operations | | | | Net profit from continuing operations | 679,143,562.00 | 477,449,908.00 | | Net profit from discontinued operations | - | - | | Classified by ownership of the equity | | | | Attributable to shareholders of the Company | 717,184,815.00 | 477,449,908.00 | | Minority interests | -38,041,253.00 | - | | 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 | 679,143,562.00 | 477,449,908.00 | | Attributable to shareholders of the Company | 717,184,815.00 | 477,449,908.00 | | Attributable to minority interests | -38,041,253.00 | - | | Earnings per share | | | | Basic earnings per share(RMB Yuan) | 0.83 | 0.55 | | Diluted earnings per share(RMB Yuan) | 0.83 | 0.55 |
*: Unaudited financial indexes
ST
3. CONSOLIDATED CASH FLOW STATEMENTS FROM 1 JANUARY 2022
TH
TO 30 SEPTEMBER 2022
(All amounts in RMB Yuan unless otherwise stated)
| Item | 2022.1.1-2022.9.30
Consolidated* | 2021.1.1-2021.9.30
Consolidated* | | Cash flows (used in)/generated from operating activities | | | | Cash received from sales of goods or rendering of services | 22,536,336,405.00 | 28,328,168,356.00 | | Refunds of taxes | 186,207,463.00 | - | | Cash received relating to other operating activities | 629,736,941.00 | 489,683,564.00 | | Sub-total of cash inflows | 23,352,280,809.00 | 28,817,851,920.00 | | Cash paid for goods and services | 19,978,330,477.00 | 23,278,603,650.00 | | Cash paid to and on behalf of employees | 1,780,938,148.00 | 2,110,011,010.00 | | Payments of taxes and surcharges | 1,746,532,718.00 | 1,794,875,837.00 | | Cash paid relating to other operating activities | 2,069,409,606.00 | 2,088,182,545.00 | | Sub-total of cash outflows | 25,575,210,949.00 | 29,271,673,042.00 | | Net cash flows (used in)/generated from operating
activities | -2,222,930,140.00 | -453,821,122.00 | | Cash flows generated from/(used in) investing activities | | | | Cash received from disposal of investments | 200,000,000.00 | 2,400,000,000.00 | | Cash received from returns on investments | 1,523,836.00 | 14,414,182.00 | | Net cash received from disposal of fixed assets, intangible
assets and other long-term assets | 782,848,039.00 | 48,169,713.00 | | Net cash received from disposal of subsidiaries and other
business units | 139,040,000.00 | 108,000,000.00 | | Cash received relating to other investing activities | 163,104,941.00 | 216,774,537.00 | | Sub-total of cash inflows | 1,286,516,816.00 | 2,787,358,432.00 | | Cash paid to acquire fixed assets, intangible assets and other
long-term assets | 851,368,308.00 | 915,027,787.00 | | Cash paid to acquire investments | 100,000,000.00 | 1,700,000,000.00 | | Cash paid relating to other investing activities | 15,148,588.00 | 13,687,496.00 | | Sub-total of cash outflows | 966,516,896.00 | 2,628,715,283.00 | | Net cash flows generated from/(used in) investing
activities | 319,999,920.00 | 158,643,149.00 | | Cash flows generated from/(used in) financing activities | | | | Cash received from absorbing investments | 49,000,000.00 | - | | Including: cash received by the subsidiary from absorbing
minority shareholders' investment | 49,000,000.00 | - | | Cash received from borrowings | 3,868,751,389.00 | 989,255,556.00 | | Sub-total of cash inflows | 3,917,751,389.00 | 989,255,556.00 | | Cash repayments of borrowings | 2,400,208,436.00 | 1,000,214,487.00 | | Cash payments for distribution of dividends, profits or interest
expenses | 230,353,307.00 | 3,002,446,863.00 | | Cash paid relating to other financing activities | 15,377,524.00 | 11,879,993.00 | | Sub-total of cash outflows | 2,645,939,267.00 | 4,014,541,343.00 | | Net cash flows generated from/(used in) financing
activities | 1,271,812,122.00 | -3,025,285,787.00 | | Effect of foreign exchange rate changes on cash and cash
equivalents | - | - | | Net decrease in cash and cash equivalents | -631,118,098.00 | -3,320,463,760.00 | | Add: Cash and cash equivalents at beginning of year | 9,569,051,314.00 | 11,121,955,129.00 | | Cash and cash equivalents at end of period | 8,937,933,216.00 | 7,801,491,369.00 |
* Unaudited financial indexes
2. Whether the 2022 third quarter report is audited?
□Yes √No
JMC 2022 Third Quarter Report is not audited.
Board of Directors
Jiangling Motors Corporation, Ltd.
October 26, 2022
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