江 铃Ｂ：2025年三季度报告（英文版）

Jiangling Motors Corporation, Ltd.2025Third Quarter Report Jiangling Motors Co., Ltd.and its 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, and confirm that the information disclosed herein does not containany 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 aretruthful, accurate and complete. 3.Whether the 2025thirdquarterreport is audited?□YesNo 1Brief Introduction (1)Main accounting data and financial indicators Unit: RMB (2)Non-recurring profit and loss items and amounts Applicable□Not Applicable Unit: RMB Details of other profit and loss items that meet the definition of non-recurringprofit and loss □ApplicableNotApplicable There is no other profit and loss items that meet the definition of non-recurringprofit and loss in the Company. The description of the non-recurring profit and loss items listed in CorporateInformation Disclosure of Public Issuing SecuritiesNo.1isdefined as recurringprofit 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 AnnouncementNo.1 are defined asrecurring profit and loss. (3)Causes and explanations on major changes of financial indicators of thereporting periodApplicable□Not Applicable Inthe first three quarters of 2025,JMC sold 260,957 vehicles in total,increased by7.73% compared with the same period last year, including70,773light buses,52,726trucks,45,404pickups,92,054SUVs. RevenuewasRMB27,289million,decreased by1.59%compared with the same period last year. Duringthefirst threequartersof 2025,netprofitattributableto the equityholders of theCompanywas RMB 749 million, decreased by RMB417millionanddown35.76%compared with the same period last year,andnetprofitattributable tothe equity holders of the Companyafterdeductingnon-recurringprofit orlossdecreased by RMB618millionanddown56.95%compared withthe same period last year.In the third quarter of 2025, compared with the sameperiod last year,netprofitattributableto theequityholders of theCompanydecreased by RMB254million,down93.94%, andnetprofitattributable totheequity holders of the Companyafterdeductingnon-recurring profit orlossdecreased by RMB346million,down126.67%. The above changesweremainly due tothe correspondingreversal oftherecognized deferredincometaxassets,resulting from the business adjustment of Jiangling FordAutomotive Technology (Shanghai) Co., Ltd., acontrollingsubsidiaryof theCompany,in thisquarter. As of the end of the third quarter of 2025, compared with the end of thepreviousyear,accounts receivable increased by RMB 1,536 million,up36.75%, mainlydue tothegrowth inwhole vehicle export operations. As of the end of the third quarter of 2025, compared with the end of theprevious year,financing receivables decreased by RMB 148million,down 48.96%, mainlybecausethepayments to suppliersweremade by means ofbills of exchange. As of the end of the third quarter of 2025, compared with the end of theprevious year,deferredincometax assetsdecreased by RMB555million,down36.30%, mainlydue to the impact of the reversal of deferredincometaxassetsof thesubsidiary. As of the end of the third quarter of 2025, compared with the end of theprevious year,short-term borrowingsdecreased by RMB700million,down46.67%, mainlydue to the repaymentofshort-term bank borrowings. As of the end of the third quarter of 2025, compared with the end of theprevious year,contract liabilitiesincreased by RMB323million,up69.03%,mainlydue to the increase in advance payments for technical services. As of the end of the third quarter of 2025, compared with the end of theprevious year,minority interestsdecreased by RMB293million,down42.02%,mainlydue to theimpactof changes intheprofit and lossofthesubsidiary. Duringthefirst threequartersof 2025, compared with the same period lastyear,selling and distribution expensesdecreased by RMB317million,down32.73%, mainly due tothesignificantexpenditureinthelaunchofnew modelsduring the same period last year. Duringthefirst threequartersof 2025, compared with the same period lastyear,income tax expenses increased by RMB 713 million,up 1152.86%,mainly due totheimpact of the reversal of deferredincometax assetsof thesubsidiary. Duringthefirst threequartersof 2025, compared with the same period lastyear,net cash flows generated from operating activitiesdecreased by RMB1,524million,down88.30%, mainly due tothedecreaseof cashreceived fromsales of goods. Dur