Jiangling Motors Corporation, Ltd.
2026 First Half Performance Flash Report
Jiangling Motors Corporation, Ltd. and its Board members warrant that the information disclosed herein is true, accurate and complete and does not contain any false record, misleading statement or material omission.
Special note: The financial data of the first half of 2026 disclosed herein are preliminary accounting data, which are not audited by CPAs and might differ from the final data disclosed in the half-year report of Jiangling Motors Corporation, Ltd. (hereinafter referred to as ‘JMC’ or the ‘Company’); investors are advised to pay attention to investment risks.
1. Key accounting data and indicators in the first half of 2026
Unit: RMB ‘000
| Item | Reporting period (2026 first half) | Same period last year | Changes (%) |
| Revenue | 19,361,867 | 18,092,386 | 7.02% |
| Operating Profit | 833,913 | 816,194 | 2.17% |
| Profit Before Income Tax | 831,696 | 817,685 | 1.71% |
| Profit Attributable to the Company’s Equity Holders | 738,802 | 732,728 | 0.83% |
| Net Profit Attributable to the Company’s Equity Holders After Deducting Non-Recurring Profit or Loss | 598,113 | 539,916 | 10.78% |
| Earnings Per Share (RMB/share) | 0.86 | 0.85 | 1.18% |
| Weighted Average Return on Net Asset Ratio (%) | 6.12% | 6.30% | Down 0.18 percentage points |
| Item | Jun. 30, 2026 | Dec. 31, 2025 | Changes (%) |
| Total Assets | 31,876,243 | 33,725,291 | -5.48% |
| Shareholders’ Equity Attributable to the Company’s Equity Holders | 11,963,695 | 11,700,238 | 2.25% |
| Share Capital | 863,214 | 863,214 | 0.00% |
| Net Assets Per Share Attributable to the Company’s Equity Holders (RMB/share) | 14.00 | 13.69 | 2.26% |
2. Explanation of Operating Results and Financial Statements
In the first half of 2026, amid multiple challenges including a slowing industry-wide growth, rising raw material costs and intensifying market competition, the Company actively expanded its market reach while strengthening internal governance to navigate industry rivalry. By optimizing product portfolio and deepening channel penetration, JMC continued to solidify its leading position in domestic advantageous segments. At the same time, the Company seized opportunities in overseas markets, with export business growing steadily. While vigorously expanding the market, the Company consistently pursued internal efficiency improvements. The Company rolled out rigorous cost control across the entire value chain and advanced cost-reduction and efficiency-enhancement initiatives spanning design, procurement, and manufacturing. On balance, the Company delivered stable operating results with modest growth in the first half, backed by healthy profitability.
During the reporting period, JMC achieved a total sales volume of 189,033 units, up by 9.46% compared with the same period last year, including 51,189 units of Light Bus, 37,784 units of Truck, 31,925 units of Pickup, and 68,135 units of SUV. Revenue reached RMB 19.362 billion, up 7.02% year on year. Profit Attributable to the Company’s Equity Holders was RMB 739 million, an increase of 0.83% year on year; Net Profit Attributable to the Company’s Equity Holders After Deducting Non-Recurring Profit or Loss was RMB 598 million, up 10.78% year on year.
3. Documents for reference
The comparative balance sheets and income statements signed and sealed by the current legal representative, the chief financial officer and the head of the finance department of the Company.
Board of Directors
Jiangling Motors Corporation, Ltd.
July 22, 2026
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