[三季报]江 铃Ｂ(200550):江铃汽车2024年三季度报告（英文版）
|
时间：2024年10月24日 09:30:27 中财网 |
|
原标题:江 铃Ｂ: 江铃汽车2024年三季度报告（英文版）
Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2024-041 200550 Jiangling B
Jiangling Motors Corporation, Ltd.
2024 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, Hu Hanfeng, confirm that the financial statements in this Quarter Report are truthful, accurate and complete.
3. Whether the 2024 third report is audited?
□Yes ?No
§1 Brief Introduction
1. Main accounting data and financial indicators
Unit: RMB
| | Reporting period
(2024 Third
Quarter) | YoY
Change
(%) | Beginning of
Year to End of
Reporting
Period | YoY
Change
(%) | | Revenue | 9,810,550,680 | 21.44% | 27,730,616,481 | 17.96% | | Net Profit Attributable to the
Equity Holders of the Company | 270,610,898 | -3.38% | 1,166,091,015 | 15.52% | | Net Profit Attributable to
Shareholders of Listed
Company After Deducting
Non-Recurring Profit or Loss | 273,470,523 | 14.05% | 1,084,643,011 | 64.96% | | Net Cash Generated From
Operating Activities | —— | —— | 1,726,373,652 | -28.53% | | Basic Earnings Per Share
(RMB) | 0.31 | -3.38% | 1.35 | 15.52% | | Diluted Earnings Per Share
(RMB) | 0.31 | -3.38% | 1.35 | 15.52% | | Weighted Average Return on
Net Asset Ratio (%) | 2.65% | -0.33% | 10.86% | 0.37% | | | At the End of the
Reporting Period | At the End of the Previous
Year | Change
(%) | | | Total Assets | 29,792,675,620 | 29,141,187,886 | 2.24% | | | Shareholder’s equity
Attributable to the Equity
Holders of the Company | 10,928,974,161 | 10,350,145,738 | 5.59% | |
2. Non-recurring profit and loss items and amounts
?Applicable □Not Applicable
Unit: RMB
| | Reporting period
(2024 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) | -6,260,791 | 4,331,107 | | Government subsidies included in the current profit
and loss | 18,366,385 | 94,745,361 | | 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 | -14,928,061 | -1,343,588 | | Capital occupation fee charged for non-financial
enterprises included in the current profit and loss | 819,252 | 4,049,856 | | Other non-operating income and expenses except the
above | -1,020,662 | -5,041,520 | | Other profit and loss items that meet the definition of
non-recurring profit and loss | 0 | -523,093 | | Less: Income tax impact amount | -226,585 | 15,412,454 | | Influence of minority shareholders' equity (after-tax) | 62,333 | -642,335 | | Total | -2,859,625 | 81,448,004 |
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 2024, JMC sold 242,223 vehicles in total, increased by 9.56% compared with the same period last year, including 60,356 light buses, 42,927 trucks, 53,981 pickups, 84,959 SUVs. Revenue and net profit attributable to the equity holders of the Company during the reporting period were RMB 27,731 million and RMB 1,166 million, increased by 17.96% and by 15.52% respectively compared with the same period last year.
As of the end of the third quarter of 2024, compared with the end of the previous year, advances to suppliers decreased by RMB 153 million, down 75.09%, mainly reflecting the decrease of the advance payment to suppliers.
As of the end of the third quarter of 2024, compared with the end of the previous year, inventories increased by RMB 572 million, up 36.63%, mainly reflecting the increase of output and the increase of raw material procurement.
As of the end of the third quarter of 2024, compared with the end of the previous year, construction in progress increased by RMB 199 million, up 42.77%, mainly reflecting the construction of new projects and increased procurement of assets.
As of the end of the third quarter of 2024, compared with the end of the previous year, short-term borrowings decreased by RMB 800 million, down 61.54%, mainly reflecting the repayment of short-term bank borrowings
As of the end of the third quarter of 2024, compared with the end of the previous year, contract liabilities increased by RMB 152 million, up 62.33%, mainly reflecting the increase in vehicle advance and technical service payment.
During the first three quarters of 2024, compared with the same period last year, taxes and surcharges increased by RMB 382 million, up 53.42%, mainly due to a higher consumption tax resulting from rising passenger vehicle sales.
During the first three quarters of 2024, compared with the same period last year, income tax expenses increased by RMB 66.84 million, up 51.95%, mainly due to the increase of profit in the current period.
During the first three quarters of 2024, compared with the same period last year, net cash flows generated from financing activities decreased by RMB 1,062 million, down 290.5%, mainly reflecting the decrease in borrowings in the current period.
§2 Shareholder Information
1. Total number of shareholders and top ten shareholders
| Total shareholders
(as at September 31, 2024) | JMC had 44,151 shareholders, including 38,463 A-share holders and 5,688
B-share holders. | | | | | | Top ten shareholders (excluding lending of shares through refinancing) | | | | | | | 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 | | Hong Kong Securities
Clearing Company Ltd.
(HKSCC) | Foreign legal person | 2.46% | 21,266,038 | 0 | 0 | | Jin Xing | Domestic natural
person | 0.66% | 5,730,700 | 0 | 0 | | China Merchants
Securities (HK) Co., Ltd. | Foreign legal person | 0.57% | 4,895,875 | 0 | 0 | | Nanfang CSI 1000
Traded Open-ended
Index Fund | Domestic
non-State-owned
legal persons | 0.29% | 2,494,930 | 0 | 0 | | Yunran Emerging
Growth XI Private Equity
Fund | Domestic
non-State-owned
legal persons | 0.23% | 2,000,001 | 0 | 0 | | Li Yifeng | Domestic natural
person | 0.21% | 1,771,236 | 0 | 0 | | Jin Shiya | Domestic natural | 0.20% | 1,758,500 | 0 | 0 | | | person | | | | | | Xingquan Hexing Hybrid
Securities Investment
Fund (LOF) | Domestic
non-State-owned
legal persons | 0.17% | 1,430,800 | 0 | 0 | | Top ten shareholders holding unlimited tradable shares (excluding lending of shares through refinancing and
executive lock-up 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 | | | | | Hong Kong Securities Clearing Company Ltd.
(HKSCC) | 21,266,038 | A share | | | | | Jin Xing | 5,730,700 | B share | | | | | China Merchants Securities (HK) Co., Ltd. | 4,895,875 | B share | | | | | Nanfang CSI 1000 Traded Open-ended Index
Fund | 2,494,930 | A share | | | | | Yunran Emerging Growth XI Private Equity
Fund | 2,000,001 | A share | | | | | Li Yifeng | 1,771,236 | B share | | | | | Jin Shiya | 1,758,500 | B share | | | | | Xingquan Hexing Hybrid Securities Investment
Fund(LOF) | 1,430,800 | A share | | | | | Notes on association among above-mentioned shareholders | Shareholders holding more than 5% are not related. | | | | | | Description of shareholders participating in financing and
securities financing business | None. | | | | |
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 2024
(All amounts in RMB Yuan unless otherwise stated)
| Item | 30 September 2024
Consolidated* | 31 December 2023
Consolidated | | Current assets | | | | Cash and cash equivalents | 11,112,576,683.00 | 11,830,560,675.00 | | Financial assets held for trading | 200,486,576.00 | 200,604,877.00 | | Notes receivable | 226,688.00 | 14,621,337.00 | | Accounts receivable | 4,484,109,188.00 | 4,401,826,022.00 | | Financing receivables | 138,726,500.00 | 123,170,062.00 | | Advances to suppliers | 50,904,181.00 | 204,358,759.00 | | Other receivables | 75,708,823.00 | 75,319,848.00 | | Inventories | 2,131,774,223.00 | 1,560,259,511.00 | | Current portion of non-current assets | 16,873,693.00 | 15,749,806.00 | | Other current assets | 1,402,673,846.00 | 951,659,556.00 | | Total current assets | 19,614,060,401.00 | 19,378,130,453.00 | | Non-current assets | | | | Long-term receivables | 12,960,260.00 | 22,775,696.00 | | Long-term equity investments | 225,789,096.00 | 233,798,348.00 | | Fixed assets | 5,584,256,801.00 | 5,389,645,152.00 | | Construction in progress | 663,049,358.00 | 464,431,412.00 | | Right-of-use assets | 176,453,236.00 | 194,836,028.00 | | Intangible assets | 1,663,205,867.00 | 1,691,021,121.00 | | Development expenditures | 292,653,742.00 | 283,738,155.00 | | Goodwill | - | - | | Deferred tax assets | 1,551,649,613.00 | 1,472,003,554.00 | | Other non-current assets | 8,597,246.00 | 10,807,967.00 | | Total non-current assets | 10,178,615,219.00 | 9,763,057,433.00 | | TOTAL ASSETS | 29,792,675,620.00 | 29,141,187,886.00 | | Current liabilities | | | | Short-term borrowings | 500,000,000.00 | 1,300,000,000.00 | | Derivative financial liabilities | 10,320,489.00 | 459,306.00 | | Accounts payable | 10,569,241,997.00 | 9,476,215,223.00 | | Contract liabilities | 395,670,160.00 | 243,740,992.00 | | Employee benefits payable | 646,920,144.00 | 890,051,287.00 | | Taxes payable | 128,666,932.00 | 118,399,765.00 | | Other payables | 5,949,320,778.00 | 5,944,976,093.00 | | Current portion of non-current liabilities | 98,463,884.00 | 93,383,898.00 | | Other current liabilities | 402,774,089.00 | 373,948,630.00 | | Total current liabilities | 18,701,378,473.00 | 18,441,175,194.00 | | Non-current liabilities | | | | Long-term borrowings | 1,147,185.00 | 1,391,414.00 | | Lease liabilities | 95,884,482.00 | 138,005,943.00 | | Long-term employee benefits payable | 50,172,772.00 | 52,891,000.00 | | Provisions | 332,490,192.00 | 315,700,263.00 | | Deferred income | 64,125,395.00 | 67,601,361.00 | | Deferred tax liabilities | 37,077,982.00 | 19,256,890.00 | | Other non-current liabilities | 207,496,920.00 | 120,293,201.00 | | Total non-current liabilities | 788,394,928.00 | 715,140,072.00 | | Non-current liabilities | 19,489,773,401.00 | 19,156,315,266.00 | | Equity | | | | Share capital | 863,214,000.00 | 863,214,000.00 | | Capital surplus | 839,442,490.00 | 839,442,490.00 | | Other comprehensive income | -20,572,000.00 | -20,572,000.00 | | Special reserve | 6,997,409.00 | 3,821,625.00 | | Surplus reserve | 431,607,000.00 | 431,607,000.00 | | Retained earnings | 8,808,285,262.00 | 8,232,632,623.00 | | Total equity attributable to
shareholders of the Company | 10,928,974,161.00 | 10,350,145,738.00 | | Minority interests | -626,071,942.00 | -365,273,118.00 | | Total equity | 10,302,902,219.00 | 9,984,872,620.00 | | TOTAL LIABILITIES AND EQUITY | 29,792,675,620.00 | 29,141,187,886.00 |
* Unaudited financial indexes
2. CONSOLIDATED AND COMPANY INCOME STATEMENTS FOR 1st
JANUARY 2024 TO 30th SEPTEMBER 2024
(All amounts in RMB Yuan unless otherwise stated)
| Item | 2024.1.1-2024.9.30
Consolidated* | 2023.1.1-2023.9.30
Consolidated* | | Total Revenue | 27,730,616,481.00 | 23,508,145,170.00 | | Including: Revenue | 27,730,616,481.00 | 23,508,145,170.00 | | Total Cost of sales | 27,317,394,616.00 | 23,364,291,590.00 | | Including: Cost of sales | 23,887,027,088.00 | 20,102,225,640.00 | | Taxes and surcharges | 1,097,433,569.00 | 715,319,089.00 | | Selling and distribution expenses | 969,535,546.00 | 811,961,641.00 | | General and administrative expenses | 647,793,534.00 | 735,786,298.00 | | Research and development expenses | 855,560,334.00 | 1,151,041,247.00 | | Financial expenses | -139,955,455.00 | -152,042,325.00 | | Including: Interest expenses | 17,036,093.00 | 27,647,061.00 | | Interest income | -163,857,921.00 | -183,180,009.00 | | Add: Other income | 423,291,899.00 | 409,483,303.00 | | Investment income | 4,763,043.00 | -14,076,781.00 | | Including: Share of profit of associates and joint
ventures | -3,872,852.00 | -6,424,033.00 | | Gains on changes in fair value | -9,979,484.00 | 1,822,779.00 | | Credit impairment losses | 8,320,548.00 | 579,043.00 | | Asset impairment losses | 4,564,039.00 | - | | Gains on disposal of assets | 4,941,898.00 | -2,399,417.00 | | Operating profit | 849,123,808.00 | 539,262,507.00 | | Add: Non-operating income | 2,060,583.00 | 7,415,818.00 | | Less: Non-operating expenses | 7,712,894.00 | 2,992,667.00 | | Total profit | 843,471,497.00 | 543,685,658.00 | | Less: Income tax expenses | -61,820,694.00 | -128,655,867.00 | | Net profit | 905,292,191.00 | 672,341,525.00 | | Classified by continuity of operations | | | | Net profit from continuing operations | 905,292,191.00 | 672,341,525.00 | | Net profit from discontinued operations | - | - | | Classified by ownership of the equity | | | | Attributable to shareholders of the Company | 1,166,091,015.00 | 1,009,452,769.00 | | Minority interests | -260,798,824.00 | -337,111,244.00 | | 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 | 905,292,191.00 | 672,341,525.00 | | Attributable to shareholders of the Company | 1,166,091,015.00 | 1,009,452,769.00 | | Attributable to minority interests | -260,798,824.00 | -337,111,244.00 | | Earnings per share | | | | Basic earnings per share(RMB Yuan) | 1.35 | 1.17 | | Diluted earnings per share(RMB Yuan) | 1.35 | 1.17 |
*: Unaudited financial indexes
3. CONSOLIDATED AND COMPANY CASH FLOW STATEMENTS FOR 1st
JANUARY 2024 TO 30th SEPTEMBER 2024
(All amounts in RMB Yuan unless otherwise stated)
| Item | 2024.1.1-2024.9.30
Consolidated* | 2023.1.1-2023.9.30
Consolidated* | | Cash flows generated from operating activities | | | | Cash received from sales of goods or rendering of
services | 29,880,646,804.00 | 26,114,405,023.00 | | Refunds of taxes | 164,581,363.00 | 534,837,907.00 | | Cash received relating to other operating activities | 160,129,899.00 | 483,440,267.00 | | Sub-total of cash inflows | 30,205,358,066.00 | 27,132,683,197.00 | | Cash paid for goods and services | 22,533,597,108.00 | 19,467,297,699.00 | | Cash paid to and on behalf of employees | 2,115,699,297.00 | 1,824,701,222.00 | | Payments of taxes and surcharges | 2,256,297,011.00 | 1,818,749,033.00 | | Cash paid relating to other operating activities | 1,573,390,998.00 | 1,606,347,259.00 | | Sub-total of cash outflows | 28,478,984,414.00 | 24,717,095,213.00 | | Net cash flows generated from operating activities | 1,726,373,652.00 | 2,415,587,984.00 | | Cash flows used in investing activities | | | | Cash received from disposal of investments | 600,000,000.00 | 100,000,000.00 | | Cash received from returns on investments | 8,000,784.00 | 5,829,356.00 | | Net cash received from disposal of fixed assets,
intangible assets and other long-term assets | 26,414,906.00 | 1,355,619.00 | | Cash received from disposal of subsidiaries and other
business units | - | 60,900,000.00 | | Cash received relating to other investing activities | 170,025,631.00 | 172,004,288.00 | | Sub-total of cash inflows | 804,441,321.00 | 340,089,263.00 | | Cash paid to acquire fixed assets, intangible assets and
other long-term assets | 1,217,399,820.00 | 934,830,797.00 | | Cash paid to acquire investments | 600,000,000.00 | 300,000,000.00 | | Cash paid relating to other investing activities | 2,805,783.00 | 88,707.00 | | Sub-total of cash outflows | 1,820,205,603.00 | 1,234,919,504.00 | | Net cash flows used in investing activities | -1,015,764,282.00 | -894,830,241.00 | | Cash flows 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 | 1,993,735,139.00 | 3,581,942,944.00 | | Cash received from other financing activities | 1,332,309.00 | 500,000,000.00 | | Sub-total of cash inflows | 1,995,067,448.00 | 4,130,942,944.00 | | Cash repayments of borrowings | 2,802,237,020.00 | 3,406,409,044.00 | | Cash payments for distribution of dividends, profits or
interest expenses | 599,149,627.00 | 374,067,646.00 | | Cash paid relating to other financing activities | 21,178,345.00 | 716,026,111.00 | | Sub-total of cash outflows | 3,422,564,992.00 | 4,496,502,801.00 | | Net cash flows used in financing activities | -1,427,497,544.00 | -365,559,857.00 | | Effect of foreign exchange rate changes on cash
and cash equivalents | - | - | | Net (decrease)/increase in cash and cash
equivalents | -716,888,174.00 | 1,155,197,886.00 | | Add: Cash and cash equivalents at beginning of year | 11,746,518,615.00 | 8,543,193,654.00 | | Cash and cash equivalents at end of period | 11,029,630,441.00 | 9,698,391,540.00 |
* Unaudited financial indexes
2. In 2024, 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
□Applicable ?Not Applicable
3. Whether the 2024 Third quarter report is audited?
□Yes ?No
JMC 2024 Third Quarter Report is not audited.
Board of Directors
Jiangling Motors Corporation, Ltd.
October 24, 2024
中财网
|
|
