Jiangling Motors releases 2024 annual performance report

On January 22, 2025, Jiangling Motors Co., Ltd. released its 2024 performance report. In 2024, Jiangling Motors sold a total of 341,208 vehicles, including 87,310 light buses, 61,932 trucks, 73,242 pickups and 118,724 SUVs, with overall sales increasing by 10.06% over the previous year. The company's operating income reached 38.374 billion yuan, a year-on-year increase of 15.7%, and the net profit attributable to shareholders of listed companies was 1.537 billion yuan, a year-on-year increase of 4.2%. In 2024, Jiangling Motors' operating profit was 1.263 billion yuan and its total profit was 1.258 billion yuan, up 58.87% and 57.64% respectively from the previous year. These increases were mainly due to sales growth, improved efficiency and strict cost control. In addition, the company's net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 1.356 billion yuan, an increase of 36.28% compared with the previous year, which was mainly due to the increase in net profit and the change in government subsidies included in the current profit and loss.