Share’s 000550 Share’s Jiangling Motors No.： 2026-012

code： 200550 Name： Jiangling B

Jiangling Motors Corporation Ltd.Extracts from 2025 Annual Report

§1 Important Note

These extracts are extracted from the original of annual report. Investors

should carefully read the original in the website designated by CSRC for

details of the Company’s operating results financial status and future

development plans.All Directors were present at the Board meeting to review this Annual Report.Note on abnormal opinions of the Auditor

□Applicable □Not Applicable

Proposal on profit distribution or converting capital reserve to share capital

reviewed by the Board of Directors regarding common stock during the

reporting period

□Applicable □Not Applicable

Proposal on converting capital reserve to share capital

□Applicable □Not Applicable

The year 2025 profit distribution proposal approved by the Board of Directors

is as follows:

A cash dividend of RMB 5.5581 (including tax) will be distributed for every 10

shares held based on the total shares capital of 854581922 shares and there

is no stock dividend. The Board decided not to convert capital reserve to share

capital this time.Proposal on profit distribution reviewed by the Board of Directors regarding

preferred stock during the reporting period

□Applicable □Not Applicable

§2 Summary

1. Brief introduction

Share’s name Jiangling Motor Share’s 000550

Jiangling B code 200550

Place of listing Shenzhen Stock Exchange

Contact persons Board Secretary Securities Affair

and contact details Representative

Name Xu Lanfeng Quan Shi

1Contact address No. 2111 Yingbin Middle Avenue Nanchang County

Nanchang City Jiangxi Province P.R.C

Telephone 86-791-85266178

Fax 86-791-85232839

E-mail relations@jmc.com.cn

2. Core business or products in the reporting period

During the reporting period the Company's main business is the production

and sale of commercial vehicles passenger vehicle SUVs and related

components. The main products include JMC light truck Pickup light bus

Ford-branded light bus MPV Pickup and other commercial vehicle products

and passenger vehicle SUV products. JMC also produces engines frame axle

and components. The Company takes high quality development as the main

line anchoring its strategy around three core directions: intelligent connectivity

new energy and global expansion focuses on value lean operation and

transforms from scale expansion development to lean value growth.In 2025 JMC continued to increase its technological reserves and investment

in new products intelligent connection network new energy and lightweighting

and strengthened its digital operation capability to realize the transformation of

“four online” including “products online” “customers online” “processesonline” and “employees online”. Through digital technology the Company

improved operational efficiency optimized business processes and innovated

business models and focused on customer-centered integration of the whole

value chain. Driven by innovation we are transforming our marketing

approach continuously optimizing channel structures and layouts to enhance

synergistic efficiency. Together with our distributors we are forging a more

integrated “united front” model to accelerate market responsiveness. We are

innovating our transport capacity operations focusing on scenario-based

requirements to establish an intelligent operational framework while

strengthening collaborations with logistics enterprises to expand transport

capacity partnerships and gradually formed a customer-centered commercial

vehicle ecosystem to focus on the entire life cycle of automobiles and provided

customers with all-around solutions. JMC actively laid out the RV business and

off-road pickup and modified car market to create unique products and lead

the market trend; at the same time the Company steadily advanced the

scenario-based implementation of intelligent driving technologies to develop

industry-leading autonomous driving solutions. JMC strengthened export

cooperation and synergy seized globalisation opportunities optimised

resource allocation across products channels and after-sales services and

continuously forged new drivers for the Company's development.In 2025 JMC planned the productivity of 320 thousand units and the utilization

rate was 118%.

23. Main accounting data and financial ratios

3.1 Main accounting data and financial ratios in the past three years

Unit: RMB

End of Year 2025 End of Year 2024 Change(%) End of Year 2023

Total Assets 33725291097 30839912640 9.36% 29141187886

Shareholders’

Equity Attributable

to the Equity 11700238217 11292579854 3.61% 10350145738

Holders of the

Company

2025 2024 Change(%) 2023

Revenue 39169909929 38374160748 2.07% 33167325081

Profit Attributable to

the Equity Holders 1187465719 1537139024 -22.75% 1475597266

of the Company

Net Profit

Attributable to

Shareholders of

Listed Company 740844834 1356329085 -45.38% 995236837

After Deducting

Non-Recurring

Profit or Loss

Net Cash

Generated From 2411911290 2633384217 -8.41% 4567539866

Operating Activities

Basic Earnings Per

Share (RMB) 1.38 1.78 -22.47% 1.71

Diluted Earnings

Per Share (RMB) 1.38 1.78 -22.47% 1.71

Weighted Average

Return on Equity 10.34% 14.20% -3.86% 15.06%

Ratio

3.2 Main accounting data quarterly

Unit: RMB

Q1 Q2 Q3 Q4

Revenue 7967428172 10124958038 9196139182 11881384537

Profit Attributable to the

Equity Holders of the 305997821 426730226 16405954 438331718

Company

Net Profit Attributable

to Shareholders of

Listed Company After 147214143 392702063 -72929211 273857839

Deducting

3Non-Recurring Profit or

Loss

Net Cash Generated

From Operating -2297115303 2232617519 266402581 2210006493

Activities

Whether the above financial indicators or their totals are materially different

from those disclosed in the quarterly reports and half-year report of the

Company

□Yes □No

4. Share Capital and Shareholders

4.1 Top ten shareholders

Total shareholders as of JMC had 39701 shareholders including 33919 A-share holders and 5782

the end of the reporting B-share holders as of December 31 2025

period

Total shareholders as of JMC had 40373 shareholders including 34594 A-share holders and 5779

the last month-end prior to B-share holders as of February 28 2026.the disclosure date of the

Report

Top ten shareholders

Shares Shares due

Shareholding Shares at

with to mortgage

Shareholder Name Shareholder Type Percentage the End of

Trading or mark or

(%) Year

Restriction frozen

Nanchang Jiangling State-owned legal

41.03%35417600000

Investment Co. Ltd. person

Foreign legal

Ford Motor Company 32.00% 276228394 0 0

person

Hong Kong Securities

Foreign legal

Clearing Company Ltd. 1.10% 9520669 0 0

person

(HKSCC)

Domestic Natural

Jin Xing 0.62% 5327900 0 0

Person

Industrial and Commercial

Bank of China Limited - Domestic

Guolian Superior Industry non-State-owned 0.58% 5028101 0 0

Mixed Securities legal persons

Investment Fund

China Merchants Foreign legal

0.54%461947500

Securities (HK) Co. Ltd. person

Bank of China Co. Ltd. - E

Fund Hong Kong Stock Domestic

Connect Dividend Flexible non-State-owned 0.34% 2907400 0 0

Allocation Mixed Securities legal persons

Investment Fund

4China Merchants Bank

Domestic

Co. Ltd. - E Fund Value

non-State-owned 0.24% 2099400 0 0

Return Mixed Securities

legal persons

Investment Fund

Industrial and Commercial

Bank of China Limited -

Domestic

HTFTZ Intelligent

non-State-owned 0.24% 2069224 0 0

Manufacturing Stock

legal persons

Securities Investment

Fund

China Merchants Bank

Co. Ltd. - China Southern

Domestic

CSI 1000 Exchange

non-State-owned 0.22% 1916630 0 0

Traded Open-End Index

legal persons

Securities Investment

Fund

Notes on association among above-mentioned shareholders None.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

4.2 Total shareholders and top ten shareholders holding preferred shares

□Applicable □Not Applicable

There was no shareholder holding preferred shares in the reporting period.

54.3 Ownership and control relations between the Company and the actual

controlling parties

SASAC

Nanchang State-owned Assets

Supervision and Administration

Committee

39.67%100%

Chongqing Changan Automobile Co. Ltd. JMCG

50%50%

Nanchang Jiangling Investment Co. Ltd. Ford Motor Company

41.03%32%

Jiangling Motors Co. Ltd.

5. Company Bond

□Applicable □Not Applicable

§3 Major events

During the reporting period there was no significant change in JMC's business

situation.

6