Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2026-034

200550 Jiangling B

Jiangling Motors Corporation Ltd.2026 Third Quarter Report

Jiangling Motors Corporation Ltd. and its Board members undertake

that the information disclosed herein is true accurate and complete and

does not contain any false record misleading statement or material

omission.Important Notes

1. The Board of Directors and its members and the senior executives warrant

that this Quarter Report is true accurate and complete containing no false

records misleading statements or material omissions and shall bear

individual and joint legal liabilities.

2. Chairman Qiu Tiangao CFO Li Weihua and Chief of Finance Department

Jiang Nan confirm that the financial statements in this Quarter Report are

true accurate and complete.

3. Whether the 2026 third quarter report is audited

□Yes □No

1. Key Financial Data

(1) Main accounting data and financial indicators

Whether the Company needs to retrospectively adjust or restate the

accounting data of previous years

□Yes □No

Unit: RMB

Beginning of

Reporting period YoY YoY

Year to End of

(2026 Third Change Change

Reporting

Quarter) (%) (%)

Period

Revenue 9424462040 2.48% 28786329291 5.49%

Net Profit Attributable to the

167819685 922.92% 906621916 21.02%

Equity Holders of the Company

Net Profit Attributable to the

Equity Holders of the Company

152960633 309.74% 751073338 60.83%

After Deducting Non-Recurring

Profit or Loss

Net Cash Generated From

—— —— 1781700832 782.45%

Operating Activities

Basic Earnings Per Share

0.20 900.00% 1.06 21.84%

(RMB)

Diluted Earnings Per Share

0.20 900.00% 1.06 21.84%

(RMB)

Weighted Average Return on

1.45% 1.29% 7.56% 0.98%

Net Asset Ratio (%)

At the End of the At the End of the Change

Reporting Period Previous Year (%)

Total Assets 32540144752 33725291097 -3.51%

Shareholder’s Equity Attributable to the

12133819846 11700238217 3.71%

Equity Holders of the Company

(2) Non-recurring gains and losses items and amounts

□Applicable □Not Applicable

Unit: RMB

Reporting period Beginning of

(2026 Third Year to End of

Quarter) Reporting Period

Gain Profit or and loss of non-current assets disposal

(including the reversal charge-off part of the asset 10297381 14871575

impairment provision)

Government subsidies included in the current gain or

1997623 166599397

profit and loss

In addition to the effective hedging business related to

the normal operating business of the Company

holding the gains and losses of fair value changes

arising from trading financial assets and trading

2044723 3034106

financial liabilities as well as the investment income

obtained from the disposal of trading financial assets

trading financial liabilities and available for sale

financial assets

Capital occupation fee charged from for non-financial

1288674 3267597

enterprises included in the current profit and loss

Reversal of impairment allowance for individually

1558669

assessed receivables

Other non-operating income and expenses except the

1921381 307900

above

Less: Income tax impact amount 2470230 30195166

Influence of minority shareholders' equity (after-tax) 220500 3895500

Total 14859052 155548578

Details of other profit and loss items that meet the definition of non-recurring

profit and loss

□Applicable □Not Applicable

There are no other profit and loss items that meet the definition of

non-recurring profit and loss in the Company.The description of the non-recurring profit and loss items listed in Corporate

Information Disclosure of Public Issuing Securities No.1 is defined as recurring

profit and loss items

□Applicable □Not Applicable

The Company does not have a situation in which the non-recurring profit and

loss 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 the

reporting period

□Applicable □Not Applicable

In the first three quarters of 2026 JMC sold 285285 vehicles in total

increased by 9.32% compared with the same period last year including 82132

light buses 58583 trucks 45058 pickups 99512 SUVs. Revenue was RMB

28786 million increased by 5.49% compared with the same period last year.

During the first three quarters of 2026 net profit attributable to the equity

holders of the Company was RMB 907 million increased by RMB 157 million

and up 21.02% compared with the same period last year and net profit

attributable to the equity holders of the Company after deducting non-recurring

profit or loss increased by RMB 284 million and up 60.83% compared with the

same period last year. The above changes were mainly attributable to the

reversal of deferred tax assets resulting from the business adjustment of

Jiangling Ford Automobile Technology (Shanghai) Co. Ltd. a controlling

subsidiary of the Company in the third quarter of last year.As of the end of the third quarter of 2026 compared with the end of the

previous year financing receivables decreased by RMB 136 million down

66.31% mainly due to the payment of supplier proceeds by bills.

As of the end of the third quarter of 2026 compared with the end of the

previous year short-term borrowings decreased by RMB 1150 million down

58.97% mainly due to the repayment of matured borrowings.

During the first three quarters of 2026 compared with the same period last

year income tax expenses decreased by RMB 507 million down 77.84%

mainly due to the impact of the reversal of deferred tax assets of the subsidiary

in the same period of last year.During the first three quarters of 2026 compared with the same period last

year minority interests increased by RMB 294 million up 100.46% mainly due

to the impact of changes in the subsidiary's profit and loss.During the first three quarters of 2026 compared with the same period last

year net cash flows generated from operating activities increased by RMB

1580 million up 782.45% mainly due to the higher sales volume.

2 Shareholder Information

(1) Total number of shareholders and top ten shareholders

Total shareholders JMC had 35168 shareholders including 29451 A-share holders and 5717 B-share

(as at September 30 holders.

2026)

Top ten shareholders (excluding lending of shares through refinancing)

Shares due

Shareholding Shares at Shares with

Shareholder to Mortgage

Shareholder Name Percentage the End of Trading

Type or Frozen or

(%) Year Restriction

Mark

Nanchang Jiangling Investment State-owned

41.03% 354176000 0 0

Co. Ltd. legal person

Foreign legal

Ford Motor Company 32.00% 276228394 0 0

person

Hong Kong Securities Clearing Foreign legal

0.99% 8556071 0 0

Company Ltd. (HKSCC) person

Industrial and Commercial Bank of

China Limited - Guolian Superior Domestic

non-State-owned 0.71% 6143001 0 0

Industry Mixed Securities legal persons

Investment Fund

Domestic natural

Jin Xing 0.58% 4979600 0 0

person

China Merchants Fund Domestic

Management Co. Ltd. - Social non-State-owned 0.33% 2816800 0 0

Security Fund Portfolio 1903 legal persons

CITIC Securities Co. Ltd. –

Invesco Great Wall CSI Domestic

Shanghai-Hong Kong-Shenzhen non-State-owned 0.30% 2600000 0 0

Dividend Growth Low Volatility legal persons

Index Securities Investment Fund

Domestic natural

Zhao Yong 0.29% 2479800 0 0

person

China CITIC Bank Corporation Domestic

Limited — E Fund CNI Value 100 non-State-owned 0.26% 2236500 0 0

Exchange Traded Fund legal persons

Li Yifeng Domestic natural 0.22% 1891500 0 0

person

Top ten shareholders holding unlimited tradable shares (excluding lending of shares through refinancing and

executive lock-up shares)

Shareholder Name Shares without Trading Share Type

Restriction

Nanchang Jiangling Investment Co. Ltd. 354176000 A share

Ford Motor Company 276228394 B share

Hong Kong Securities Clearing Company Ltd.

8556071 A share

(HKSCC)

Industrial and Commercial Bank of China Limited -

Guolian Superior Industry Mixed Securities 6143001 A share

Investment Fund

Jin Xing 4979600 B share

China Merchants Fund Management Co. Ltd. -

2816800 A share

Social Security Fund Portfolio 1903

CITIC Securities Co. Ltd. – Invesco Great Wall CSI

Shanghai-Hong Kong-Shenzhen Dividend Growth 2600000 A share

Low Volatility Index Securities Investment Fund

Zhao Yong 2479800 A share

China CITIC Bank Corporation Limited — E Fund

2236500 A share

CNI Value 100 Exchange Traded Fund

Li Yifeng 1891500 B share

Notes on association among above-mentioned Shareholders holding more than 5% are not related.shareholders

Description of shareholders participating in financing and None.securities financing business

Participation of Shareholders holding more than 5% of shares top 10

shareholders and top 10 shareholders with unlimited shares in the lending of

shares in the refinancing business

□Applicable □Not Applicable

Change in the top 10 shareholders of the Company and the top 10

shareholders with unlimited shares from the previous period due to

lending/repatriation of refinancing business

□Applicable □Not Applicable

(2) Total number of shareholders holding preferred shares and top ten

shareholders holding preferred shares

□Applicable □Not Applicable

3. Other Major Events

□Applicable □Not Applicable

4. Financial Statements

Jiangling Motors Corporation Ltd.

(1) CONSOLIDATED AND COMPANY BALANCE SHEETS AS AT 30 SEPTEMBER

2026

(All amounts in RMB Yuan unless otherwise stated)

30 September 2026 31 December 2025

Item

Consolidated* Consolidated

Current assets

Cash and cash equivalents 13370835291 13582540346

Financial assets held for trading 801643836 801902466

Accounts receivable 5911891319 6141405767

Financing receivables 69353840 205851591

Advances to suppliers 74474072 98624060

Other receivables 32377033 134768377

Inventories 2168674607 2011925708

Current portion of non-current assets 35009517 27153632

Other current assets 1203789539 1194944928

Total current assets 23668049054 24199116875

Non-current assets

Long-term receivables 80900383 71519964

Long-term equity investments 173758228 203641921

Fixed assets 5374479913 5789423822

Construction in progress 567895828 507614873

Right-of-use assets 60343965 120243307

Intangible assets 1493772911 1790269138

Development expenditures 106522063 57594483

Goodwill - -

Deferred tax assets 1011720416 980954002

Other non-current assets 2701991 4912712

Total non-current assets 8872095698 9526174222

TOTAL ASSETS 32540144752 33725291097

30 September 2026 31 December 2025

Item

Consolidated* Consolidated

Current liabilities

Short-term borrowings 800000000 1950000000

Derivative financial liabilities 3028793 695349

Notes payable 476036649 427292904

Accounts payable 11094994485 11397760484

Contract liabilities 512299533 545864754

Employee benefits payable 522253855 729156434

Taxes payable 112122585 132698441

Other payables 5567213744 5803694871

Current portion of non-current liabilities 22163634 91863024

Other current liabilities 310232012 304431406

Total current liabilities 19420345290 21383457667

Non-current liabilities

Long-term borrowings 220522 460276

Lease liabilities 30255424 44860116

Long-term employee benefits payable 47471487 49853000

Provisions 260508602 255436677

Deferred income 19894366 13406177

Deferred tax liabilities 201437672 123918738

Other non-current liabilities 525621325 461860038

Total non-current liabilities 1085409398 949795022

Total liabilities 20505754688 22333252689

Equity

Share capital 863214000 863214000

Capital surplus 839442490 839442490

Less: treasury shares 170214887 170214887

Other comprehensive income -23862000 -23862000

Special reserve 9805857 7860966

Surplus reserve 431607000 431607000

Retained earnings 10183827386 9752190648

Total equity attributable to shareholders of

12133819846 11700238217

the Company

Minority interests -99429782 -308199809

Total equity 12034390064 11392038408

TOTAL LIABILITIES AND EQUITY 32540144752 33725291097

* Unaudited financial indexes

(2) CONSOLIDATED AND COMPANY INCOME STATEMENTS FOR 1st

JANUARY 2026 TO 30th SEPTEMBER 2026

(All amounts in RMB Yuan unless otherwise stated)

2026.1.1-2026.9.30 2025.1.1-2025.9.30

Item

Consolidated* Consolidated*

Total Revenue 28786329291 27288525392

Including: Revenue 28786329291 27288525392

Total Cost of sales 28127893303 26574464198

Including: Cost of sales 25445878751 23456492984

Taxes and surcharges 717729543 874428587

Selling and distribution expenses 550533293 652178361

General and administrative expenses 593681966 714087246

Research and development expenses 899523420 964149878

Financial expenses -79453670 -86872858

Including: Interest expenses 6291884 13491216

Interest income -76779020 -111644594

Add: Other income 391958894 387822730

Investment income -1189453 -1667833

Including: Share of profit of associates and joint

-3258294 -11862039

ventures

Gains on changes in fair value 3342340 -7314033

Credit impairment losses -2192830 -2892795

Asset impairment losses -10940270 107070

Gains on disposal of assets 13335338 17397780

Operating profit 1052750007 1107514113

Add: Non-operating income 4162583 2790940

Less: Non-operating expenses 4703346 3233896

Total profit 1052209244 1107071157

Less: Income tax expenses 144239945 650888291

Net profit 907969299 456182866

Classified by continuity of operations

Net profit from continuing operations 907969299 456182866

Net profit from discontinued operations - -

Classified by ownership of the equity

Attributable to shareholders of the Company 906621916 749134001

Minority interests 1347383 -292951135

Other comprehensive income net of tax - -

Attributable to shareholders of the Company

Other comprehensive income items which will not be

reclassified to profit or loss

Changes arising from remeasurement of defined benefit

- -

plan

Attributable to minority interests - -

Total comprehensive income 907969299 456182866

Attributable to shareholders of the Company 906621916 749134001

Attributable to minority interests 1347383 -292951135

Earnings per share

Basic earnings per share(RMB Yuan) 1.06 0.87

Diluted earnings per share(RMB Yuan) 1.06 0.87

*: Unaudited financial indexes

(3) CONSOLIDATED AND COMPANY CASH FLOW STATEMENTS FOR 1st

JANUARY 2026 TO 30th SEPTEMBER 2026

(All amounts in RMB Yuan unless otherwise stated)

2026.1.1-2026.9.30 2025.1.1-2025.9.30

Item

Consolidated* Consolidated*

Cash flows generated from operating activities

Cash received from sales of goods or rendering of

31486549060 28285096504

services

Refunds of taxes 101430106 -

Cash received relating to other operating activities 237694693 365842336

Sub-total of cash inflows 31825673859 28650938840

Cash paid for goods and services 24930977292 22758076662

Cash paid to and on behalf of employees 2189580748 2144384139

Payments of taxes and surcharges 1491954423 1864060966

Cash paid relating to other operating activities 1431460564 1682512276

Sub-total of cash outflows 30043973027 28449034043

Net cash flows generated from operating activities 1781700832 201904797

Cash flows used in investing activities

Cash received from returns of investments 2429010300 55000000

Cash received from disposal on investments 8347616 264648

Net cash received from disposal of fixed assets

152439582 40750669

intangible assets and other long-term assets

Cash received relating to other investing activities 112020968 118320297

Sub-total of cash inflows 2701818466 214335614

Cash paid to acquire fixed assets intangible assets and

815718517 814672096

other long-term assets

Cash paid to acquire investments 2400000000 55000000

Cash paid relating to other investing activities 321873 533226

Sub-total of cash outflows 3216040390 870205322

Net cash flows used in investing activities -514221924 -655869708

Cash flows used in financing activities

Cash received from absorbing investments 206400395 -

Including: cash received by the subsidiary from

206400395 -

absorbing minority shareholders' investment

Cash received from borrowings 2446247333 3730381417

Sub-total of cash inflows 2652647728 3730381417

Cash repayments of borrowings 3600223818 4350240906

Cash payments for distribution of dividends profits or

474251290 617395698

interest expenses

Cash paid relating to other financing activities 21508504 190177199

Sub-total of cash outflows 4095983612 5157813803

Net cash flows used in financing activities -1443335884 -1427432386

Effect of foreign exchange rate changes on cash

- -

and cash equivalents

Net decrease in cash and cash equivalents -175856976 -1881397297

Add: Cash and cash equivalents at beginning of year 13491154200 12475176009

Cash and cash equivalents at end of period 13315297224 10593778712

* Unaudited financial indexes

2. In 2026 the first implementation of the new accounting standards

adjustment and the situation of first implementation of the financial statements

at the beginning of the year related items

□Applicable □Not Applicable

3. Whether the 2026 Third quarter report is audited

□Yes □No

JMC 2026 Third Quarter Report is not audited.Board of Directors

Jiangling Motors Corporation Ltd.October 23 2026