[一季报]江 铃Ｂ(200550):江铃汽车股份有限公司2023年第一季度报告（英文版）
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时间：2023年04月27日 07:36:57 中财网 |
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原标题:江 铃Ｂ:江铃汽车股份有限公司2023年第一季度报告（英文版）
Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2023-011 200550 Jiangling B
Jiangling Motors Corporation, Ltd.
2023 First 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 2023 first report is audited?
□Yes √No
§1 Brief Introduction
1. Main accounting data and financial indicators
Unit: RMB
| | Reporting period
(2023 First Quarter) | Same Period
Last Year | YoY Change
(%) | | Revenue | 7,525,930,457 | 7,232,030,037 | 4.06% | | Net Profit Attributable to the
Equity Holders of the Company | 182,746,938 | 193,977,828 | -5.79% | | Net Profit Attributable to
Shareholders of Listed
Company After Deducting
Non-Recurring Profit or Loss | 9,499,494 | -27,656,476 | 134.35% | | Net Cash Generated From
Operating Activities | -721,527,544 | -2,691,345,433 | 73.19% | | Basic Earnings Per Share
(RMB) | 0.21 | 0.22 | -5.79% | | Diluted Earnings Per Share
(RMB) | 0.21 | 0.22 | -5.79% | | Weighted Average Return on | 1.96% | 2.24% | -0.28% | | Net Asset Ratio (%) | | | | | | At the end of the
reporting period | At the end of the
previous year | Change (%) | | Total Assets | 26,732,249,574 | 27,468,321,835 | -2.68% | | Shareholder’s equity
Attributable to the Equity
Holders of the Company | 9,426,564,271 | 9,243,817,333 | 1.98% |
2. Non-recurring profit and loss items and amounts
□√Applicable □Not Applicable
Unit: RMB
| | Reporting period
(2023 First quarter) | | Profit and loss of non-current assets disposal (including
the charge-off part of the asset impairment provision) | -306,672 | | Government subsidies included in the current profit and
loss | 201,495,364 | | Capital occupation fee charged for non-financial
enterprises included in the current profit and loss | 2,085,707 | | 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 | 330,150 | | Other non-operating income and expenses except the
above | 569,881 | | Less: Income tax impact amount | 30,895,517 | | Influence of minority shareholders' equity (after-tax) | 31,469 | | Total | 173,247,444 |
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
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 quarter of 2023, JMC sold 71,860 vehicles in total, increased by 2.43% compared with the same period last year, including 17,507 light buses, 16,765 trucks, 12,467 pickups, 25,121 SUVs. Revenue and net profit attributable to the equity holders of the Company during the reporting period were RMB 7,526 million and RMB 183 million, increased by 4.06% and decreased by 5.79% respectively compared with the same period last year.
As of the end of the first quarter of 2023, compared with the end of the previous year, notes receivable decreased by RMB 593 million, down 79.82%, mainly due to the notes acceptance at maturity.
As of the end of the first quarter of 2023, compared with the end of the previous year, financing receivables increased by RMB 244 million, up 64.76%, mainly reflecting the increase of bank acceptance notes received in the reporting period.
As of the end of the first quarter of 2023, compared with the end of the previous year, other receivables decreased by RMB 35.19 million, down 31.69%, mainly due to the received equity transfer payment of the subsidiary.
As of the end of the first quarter of 2023, compared with the end of the previous year, short-term borrowings increased by RMB 600 million, up 54.55%, mainly reflecting the increase of short-term bank borrowings in the reporting period.
As of the end of the first quarter of 2023, compared with the end of the previous year, contract liabilities increased by RMB 61.04 million, up 40.14%, mainly reflecting the increase of the payment for vehicles, components and service, received in advance by the Company in the reporting period.
In the first quarter of 2023, compared with the same period last year, net cash flows used in operating activities decreased by RMB 1,970 million, down 73.19%, mainly due to the increase of sales volume and payments received from dealers and the decrease of payments for goods.
In the first quarter of 2023, compared with the same period last year, net cash flows used in investing activities increased by RMB 196 million, up 124.15%, construction of fixed assets in the reporting period.
In the first quarter of 2023, compared with the same period last year, net cash flows generated from financing activities decreased by RMB 1,206 million, down 90.33%, mainly due to the repayment of maturing borrowings in the reporting period.
§2 Shareholder Information
1. Total number of shareholders and top ten shareholders
| Total shareholders
(as at March 31, 2023) | JMC had 44,131 shareholders, including 38,504 A-share holders, and 5,627 B-share
holders. | | | | | | 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 | | Hong Kong Central Clearing
Limited | Foreign legal
person | 0.88% | 7,561,228 | 0 | 0 | | Jin Xin | Domestic natural
person | 0.75% | 6,514,935 | 0 | 0 | | GAOLING FUND, L.P. | Foreign legal
person | 0.63% | 5,453,086 | 0 | 0 | | INVESCO FUNDS SICAV | Foreign legal
person | 0.44% | 3,818,089 | 0 | 0 | | Wanjia Zhongzheng 1000
Index Enhanced Type
Launched Securities
Investment Fund | Domestic
non-State-owned
legal persons | 0.33% | 2,820,646 | 0 | 0 | | Li Yifeng | Domestic natural
person | 0.28% | 2,374,900 | 0 | 0 | | ICBC-AXA Life Insurance
Co., Ltd.－Bonus Insurance | Domestic
non-State-owned
legal persons | 0.24% | 2,100,000 | 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 | | Hong Kong Central Clearing Limited | 7,561,228 | A share | | Jin Xin | 6,514,935 | B share | | GAOLING FUND, L.P. | 5,453,086 | B share | | INVESCO FUNDS SICAV | 3,818,089 | B share | | Wanjia Zhongzheng 1000 Index Enhanced Type
Launched Securities Investment Fund | 2,820,646 | A share | | Li Yifeng | 2,374,900 | B share | | ICBC-AXA Life Insurance Co., Ltd.－ Bonus
Insurance | 2,100,000 | A 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 SHEETS AS AT 31 March 2023
(All amounts in RMB Yuan unless otherwise stated)
| ASSETS | 31 March 2023
Consolidated* | 31 December 2022
Consolidated | | Current assets | | | | Cash and cash equivalents | 8,162,667,628.00 | 8,604,977,725.00 | | Derivative financial assets | 2,471,116.00 | 2,972,698.00 | | Notes receivable | 149,903,586.00 | 742,752,730.00 | | Accounts receivable | 4,792,252,291.00 | 4,245,541,752.00 | | Financing receivables | 620,574,028.00 | 376,662,817.00 | | Advances to suppliers | 314,327,137.00 | 277,743,526.00 | | Other receivables | 75,868,376.00 | 111,063,372.00 | | Inventories | 1,669,690,446.00 | 2,129,040,820.00 | | Current portion of non-current assets | 14,009,926.00 | 13,851,634.00 | | Other current assets | 1,316,930,312.00 | 1,362,502,624.00 | | Total current assets | 17,118,694,846.00 | 17,867,109,698.00 | | Non-current assets | | | | Long-term receivables | 27,597,401.00 | 31,148,044.00 | | Long-term equity investments | 245,428,597.00 | 248,482,822.00 | | Fixed assets | 5,265,661,469.00 | 5,446,384,369.00 | | Construction in progress | 812,217,437.00 | 718,612,190.00 | | Right-of-use assets | 232,154,107.00 | 233,622,890.00 | | Intangible assets | 1,261,977,795.00 | 1,195,005,752.00 | | Development expenditures | 525,217,836.00 | 477,233,877.00 | | Deferred tax assets | 1,243,300,086.00 | 1,250,722,193.00 | | Total non-current assets | 9,613,554,728.00 | 9,601,212,137.00 | | TOTAL ASSETS | 26,732,249,574.00 | 27,468,321,835.00 | | Current liabilities | | | | Short-term borrowings | 1,700,000,000 | 1,100,000,000 | | Accounts payable | 7,741,305,216 | 9,015,978,354 | | Contract liabilities | 213,103,827 | 152,065,025 | | Employee benefits payable | 893,394,711 | 915,703,680 | | Taxes payable | 149,278,553 | 193,249,604 | | Other payables | 5,479,111,269 | 5,672,708,511 | | Current portion of non-current
liabilities | 77,684,530 | 72,680,756 | | Other current liabilities | 389,504,202 | 386,889,542 | | Total current liabilities | 16,643,382,308 | 17,509,275,472 | | Non-current liabilities | | | | Long-term borrowings | 14,649,895.00 | 20,858,057.00 | | Lease liabilities | 135,942,711.00 | 193,090,351.00 | | Long-term employee benefits payable | 50,245,898.00 | 51,293,000.00 | | Provisions | 245,277,876.00 | 250,762,589.00 | | Deferred income | 60,702,859.00 | 60,849,643.00 | | Deferred tax liabilities | 23,131,544.00 | 23,305,359.00 | | Other non-current liabilities | 113,431,557.00 | 118,240,580.00 | | Total non-current liabilities | 643,382,340.00 | 718,399,579.00 | | Total liabilities | 17,286,764,648.00 | 18,227,675,051.00 | | Equity | | | | Share capital | 863,214,000.00 | 863,214,000.00 | | Capital surplus | 839,442,490.00 | 839,442,490.00 | | Other comprehensive income | -13,484,250.00 | -13,484,250.00 | | Surplus reserve | 431,607,000.00 | 431,607,000.00 | | Retained earnings | 7,305,785,031.00 | 7,123,038,093.00 | | Total equity attributable to
shareholders of the Company | 9,426,564,271.00 | 9,243,817,333.00 | | Minority interests | 18,920,655.00 | -3,170,549.00 | | Total equity | 9,445,484,926.00 | 9,240,646,784.00 | | TOTAL LIABILITIES AND EQUITY | 26,732,249,574.00 | 27,468,321,835.00 |
* Unaudited financial indexes
2. CONSOLIDATED INCOME STATEMENTS FOR 2023 First Quarter
(All amounts in RMB Yuan unless otherwise stated)
| Item | 2023 First
Quarter
Consolidated* | 2022 First
Quarter
Consolidated* | | Total Revenue | 7,525,930,457.00 | 7,232,030,037.00 | | Revenue | 7,525,930,457.00 | 7,232,030,037.00 | | Total Cost of sales | 7,571,674,682.00 | 7,308,469,500.00 | | including: Cost of sales | 6,518,853,008.00 | 6,328,449,546.00 | | Taxes and surcharges | 211,119,175.00 | 175,327,647.00 | | Selling and distribution expenses | 304,434,447.00 | 343,099,020.00 | | General and administrative expenses | 229,564,785.00 | 216,408,689.00 | | Research and development expenses | 356,440,851.00 | 291,716,684.00 | | Financial expenses | -48,737,584.00 | -46,532,086.00 | | Including: Interest expenses | 9,962,599.00 | 14,966,165.00 | | Interest income | -53,058,732.00 | -59,597,436.00 | | Add: Other income | 201,495,364.00 | 260,513,928.00 | | Investment income | -8,194,854.00 | -12,707,827.00 | | Including: Share of profit of associates
and joint ventures | -3,054,225.00 | -3,344,212.00 | | Gains on changes in fair value | -501,582.00 | 2,407,009.00 | | Credit impairment losses | -2,194,614.00 | -186,485.00 | | Gains on disposal of assets | -260,609.00 | 144,457.00 | | Operating profit | 144,599,480.00 | 173,731,619.00 | | Add: Non-operating income | 577,937.00 | 540,623.00 | | Less: Non-operating expenses | 54,119.00 | -170,222.00 | | Total profit | 145,123,298.00 | 174,442,464.00 | | Less: Income tax expenses | -10,714,844.00 | -1,497,690.00 | | Net profit | 155,838,142.00 | 175,940,154.00 | | Classified by continuity of operations | | | | Net profit from continuing operations | 155,838,142.00 | 175,940,154.00 | | Net profit from discontinued operations | - | - | | Classified by ownership of the equity | | | | Attributable to shareholders of the
Company | 182,746,938.00 | 193,977,828.00 | | Minority interests | -26,908,796.00 | -18,037,674.00 | | 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 | 155,838,142.00 | 175,940,154.00 | | Attributable to shareholders of the
Company | 182,746,938.00 | 193,977,828.00 | | Attributable to minority interests | -26,908,796.00 | -18,037,674.00 | | Earnings per share | | | | Basic earnings per share (RMB Yuan) | 0.21 | 0.22 | | Diluted earnings per share (RMB Yuan) | 0.21 | 0.22 |
*: Unaudited financial indexes
3. CONSOLIDATED AND CASH FLOW STATEMENTS FOR 2023 First
Quarter
(All amounts in RMB Yuan unless otherwise stated)
| Item | 2023 First Quarter
Consolidated* | 2022 First Quarter
Consolidated* | | Cash flows used in operating
activities | | | | Cash received from sales of goods or
rendering of services | 7,962,242,252.00 | 7,084,413,625.00 | | Refunds of taxes | 304,302,316.00 | - | | Cash received relating to other
operating activities | 215,668,059.00 | 295,984,868.00 | | Sub-total of cash inflows | 8,482,212,627.00 | 7,380,398,493.00 | | Cash paid for goods and services | 7,185,848,031.00 | 7,696,355,942.00 | | Cash paid to and on behalf of
employees | 632,776,899.00 | 768,884,832.00 | | Payments of taxes and surcharges | 804,476,706.00 | 779,035,171.00 | | Cash paid relating to other operating
activities | 580,638,535.00 | 827,467,981.00 | | Sub-total of cash outflows | 9,203,740,171.00 | 10,071,743,926.00 | | Net cash flows used in operating
activities | -721,527,544.00 | -2,691,345,433.00 | | Cash flows used in investing
activities | | | | Cash received from disposal of
investments | - | 100,000,000.00 | | Cash received from returns on
investments | - | 758,219.00 | | Net cash received from disposal of fixed
assets, intangible assets and other
long-
term assets | 479,286.00 | 21,017,677.00 | | Cash received from disposal of
subsidiaries and other business units | 36,000,000.00 | 63,700,000.00 | | Cash received relating to other
investing activities | 50,333,031.00 | 62,581,101.00 | | Sub-total of cash inflows | 86,812,317.00 | 248,056,997.00 | | Cash paid to acquire fixed assets,
intangible assets and other long-term
assets | 440,170,906.00 | 298,559,322.00 | | Cash paid to acquire investments | - | 100,000,000.00 | | Cash paid relating to other investing
activities | 88,707.00 | 7,182,060.00 | | Sub-total of cash outflows | 440,259,613.00 | 405,741,382.00 | | Net cash flows used in investing
activities | -353,447,296.00 | -157,684,385.00 | | Cash flows generated from financing
activities | | | | Cash received from absorbing
investments | 49,000,000.00 | 49,000,000.00 | | Including: cash received by the
subsidiary from absorbing minority
shareholders' investment | 49,000,000.00 | 49,000,000.00 | | Cash received from borrowings | 1,689,372,500.00 | 1,288,852,500.00 | | Sub-total of cash inflows | 1,738,372,500.00 | 1,337,852,500.00 | | Cash repayments of borrowings | 1,106,183,828.00 | - | | Cash payments for distribution of
dividends, profits or interest expenses | 539,869.00 | - | | Cash paid relating to other financing
activities | 502,544,489.00 | 2,915,194.00 | | Sub-total of cash outflows | 1,609,268,186.00 | 2,915,194.00 | | Net cash flows generated from
financing activities | 129,104,314.00 | 1,334,937,306.00 | | Effect of foreign exchange rate
changes on cash and cash
equivalents | - | - | | Net decrease in cash and cash
equivalents | -945,870,526.00 | -1,514,092,512.00 | | Add: Cash and cash equivalents at
beginning of year | 8,543,193,654.00 | 9,569,051,314.00 | | Cash and cash equivalents at end of
period | 7,597,323,128.00 | 8,054,958,802.00 |
* Unaudited financial indexes
2. Whether the 2023 first quarter report is audited?
□Yes √No
JMC 2023 First Quarter Report is not audited.
Board of Directors
Jiangling Motors Corporation, Ltd.
April 27, 2023
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