江 铃Ｂ：江铃汽车2025年一季度报告

Jiangling Motors Corporation, Ltd.2025FirstQuarter Report Jiangling Motors Co., Ltd. andits Board members undertake that theinformation disclosed herein is truthful, accurate and complete and doesnot contain any false statement, misrepresentation or major omission. ImportantNote 1.The Board ofDirectorsand its members, the Supervisory Board and itsmembers, and the senior executives are jointly and severally liable for thetruthfulness, accuracy and completeness of the information disclosed in theReport,andconfirmthat the information disclosed herein does not containanyfalse statement, misrepresentation or major omission. 2.Chairman Qiu Tiangao, CFOJoeyZhuand Chief of Finance Department,Hu Hanfeng,confirm that the financial statements in this Quarter Report aretruthful, accurateand complete. 3.Whether the 2025firstreport is audited?□YesNo §1Brief Introduction 1.Main accounting data and financial indicators Unit: RMB 2.Non-recurring profitand loss items and amounts Applicable□Not Applicable Unit: RMB Details of otherprofit and loss items that meet the definition of non-recurringprofit and loss □ApplicableNot Applicable Thereisnoanyotherprofitandlossitemsthatmeetthedefinitionofnon-recurring profit and loss in the Company. Thedescriptionofthatthenon-recurringprofitandlossitemslistedinCorporate Information Disclosure of Public Issuing Securities No.1 are definedas recurring profit and loss items □ApplicableNot Applicable The Company does not have a situation in which the non-recurring profit andloss 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 thereporting periodApplicable□Not Applicable In the first quarter of 2025,JMC sold76,007vehicles in total, increased by2.27% compared with the same period last year, including20,101light buses,16,846trucks,16,323pickups,22,737SUVs.Revenueandnetprofitattributable to the equity holdersof the Company during the reporting periodwere RMB 7,967million and RMB306million,decreased by0.09% andby36.56% respectively compared with the same period last year. As of the end of the first quarter of 2025, compared with the end of theprevious year,cash and cash equivalentsdecreased by RMB3,813million,down30.39%, mainlydue totheoperating cashexpenditureand repayment ofshort-term borrowings. As of the end of the first quarter of 2025, comparedwith the end of theprevious year,financing receivablesincreased by RMB94.34million,up31.23%, mainly reflecting theincrease in notes receivable received fromthesales. As of the end of the first quarter of 2025, compared with the end of theprevious year,development expendituresdecreased by RMB110million,down58.29%, mainlydue totheformation ofintangible assetsbydevelopmentexpenditures. As of the end of the first quarter of 2025, compared with the end of theprevious year,short-term borrowingsdecreased by RMB1,250million,down83.33%, mainly reflecting therepayment of short-term bank borrowings. As of the end of the first quarter of 2025, compared with the end of theprevious year,taxes payabledecreased by RMB156million,down58.65%,mainly reflecting thedecrease of the taxes payable at the end of the period. In the first quarter of 2025, compared with the same period last year,incometax expensesincreased by RMB93.53million,up115.98%,mainly due to theincrease oftotalprofit in the current period. In the first quarter of 2025, compared with the same period last year,net profitattributabletoshareholders of theCompanydecreased by RMB176million,down36.56%, mainly reflecting thedecreaseofnet profit attributabletoshareholdersof theCompanycaused bythechangeofminority interests. In the first quarter of 2025, compared with the same period last year,net cashflowsused inoperating activitiesincreased by RMB1,683million,up273.95%,mainlydue tothedecrease of payments received from dealers and theincrease of payments for goods. In the first quarter of 2025, compared with the same period last year,net cashflows used in investingactivitiesincreased by RMB122million,up56.18%,mainly reflecting theincrease in cash paid for thepurchaseand construction offixed assetsandthe impact of investments in structured deposits. §2Shareholder Information 1.Total number of shareholdersand top ten shareholders Changeinthetop10shareholdersoftheCompanyandthetop10shareholderswithunlimitedsharesfromthepreviousperiodduetolending/repatriation of refinancing business□ApplicableNot Applicable 2.Totalnumberofshareholdersholdingpreferredsharesandtoptenshareholders holding preferred shares□ApplicableNot Applicable §3. OtherMajor Events□ApplicableNot Applicable (All amounts in RMBYuan unless otherwise stated) 2.In2025,thefirstimplementationofthenewaccountingstandardsadjustment and the situation of first implementation of the financial statementsat the beginning of the year related items□ApplicableNot Applicable 3.Whether the 2025f