Jiangling Motors Corporation (000550) Q4 2025 earnings summary

Executive summary

• Revenue grew 2.07% year-over-year to RMB 39.17 billion, with sales volume up 10.56% to 377,253 units, driven by strong truck and SUV performance and export growth.

• Net profit attributable to shareholders declined 22.75% year-over-year to RMB 1.19 billion, with basic and diluted EPS at RMB 1.38.

• Gross margin decreased by 0.55 percentage points to 13.58% due to higher operating costs and competitive pressures.

• Cash dividend of RMB 5.5581 per 10 shares proposed, totaling RMB 474.99 million.

Financial highlights

• Operating revenue: RMB 39.17 billion (+2.07% YoY); operating cost: RMB 33.85 billion (+2.73% YoY).

• Net profit: RMB 1.19 billion (-22.75% YoY); net profit after non-recurring items: RMB 741 million (-45.38% YoY).

• Net cash from operating activities: RMB 2.41 billion (-8.41% YoY).

• R&D expenses: RMB 1.22 billion (-7.5% YoY); R&D investment as % of revenue: 3.81%.

• Weighted average ROE: 10.34% (-3.86 ppts YoY).

Outlook and guidance

• 2026 sales target: 430,000 vehicles; revenue target: RMB 42 billion.

• Focus on intelligent connectivity, new energy, and globalization; accelerate new product launches and digital transformation.

• Anticipates stable market growth, with new energy vehicle sales projected to rise 15.2% YoY.