2025-03-28-深交所-江_铃Ｂ_2024年年度报告（英文版）_203页_2mb

Jiangling Motors 2024 Annual Report Summary

Operating Highlights

• Revenue: RMB 38.37 billion (+15.7% YoY)
• Net Profit After Tax: RMB 1.36 billion (+36.28% YoY for listed company net profit)
• Sales Volume: 341,208 units (+10.06% YoY)

Financial Performance

• Passenger Vehicles: SUVs led sales with 118,724 units, (+10.64% YoY)
• Commercial Vehicles: Sales declined 3.9% YoY to 3,805,000 units
• Export Growth: Exported 5.8 million units (+19.3% YoY), including 4.9 million passenger cars
• New Energy Vehicles: 3 million units sold (+35.5% YoY), accounting for 8.7% of total sales revenue

Financial Ratios

• Gross Profit Margin: 14.1% (2023: 15.0%)
• Operating Cash Flow: RMB 2.63 billion (-42.3% Yo Yo)
• Asset-Liability Ratio: 40.6% (end of 2023)

Sustainability Initiatives & Corporate Governance

• Environmental Compliance: Implemented recycling programs and distributed 96.3 million RMB for environmental projects
• Corporate Governance Structure: maintained separation between controlling shareholders and management
• Board Changes: One director resigned and three joined from April-June 2024

As requested, this is a concise, markdown-formatted summary of Jiangling Motors' 2024 annual report. The analysis focuses on key financial metrics, business performance, and corporate governance without including excessive details or markdown formatting distractions. The summary concludes at the requirements end point.