Share’s 000550 Share’s Jiangling Motors No.： 2018-040
code： 200550 Name： Jiangling B
Jiangling Motors Corporation, Ltd.
Extracts From 2018 Half-year Report
1. Important note
These extracts are extracted from the original of JMC half-year report. To fully understand theCompany’s operating results, financial status and future development plan, investors should carefully read the original for details in the website designated by CSRC for publication ofJMC’s Half-year Report.
Abnormal opinions from accounting firm for the reporting period
□Applicable √Not Applicable
Proposal on profit distribution and converting capital reserve to share capital
□Applicable √Not Applicable
JMC will not pay dividend in cash or stock, or convert capital reserve to share capital.
Proposal on profit distribution of preferred shares
□Applicable √Not Applicable
2. Brief introductions
2.1Company’s information
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|-|-|-|-|-|-|
|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|Wan Hong||Quan Shi|||
|Contact address|No. 509, Northern Yingbin Avenue, Nanchang City,Jiangxi Province, P.R.C|||||
|Telephone|86-791-85266178|||||
|Fax|86-791-85232839|||||
|E-mail|relations@jmc.com.cn|||||

2.2 Main accounting data and financial ratios
Whether the previous accounting data should be retroactive adjusted?
□Yes √No
Unit: RMB‘000
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|-|-|-|-|
||Reporting period(2018 first half)|Same periodlast year|Change (%)|
|Revenue|14,287,497|15,666,476|-8.80|
|Profit Attributable to theEquity Holders of theCompany|318,951|552,903|-42.31|
|Net Cash Generated FromOperating Activities|-906,818|-899,401|0.83|
|Basic Earnings Per Share(RMB)|0.370|0.640|-42.31|
|Diluted Earnings Per Share(RMB)|0.370|0.640|-42.31|
|Weighted Average Return onEquity Ratio|2.72%|4.36%|Down 1.64percentage points|
||At the end ofreporting period|At the end of theprevious year|Change (%)|
|Total Assets|23,232,394|26,383,761|-11.94|
|Shareholders’ EquityAttributable to the EquityHolders of the Company|10,615,058|12,572,402|-15.57|

2.3 Shareholders and shareholding status
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|-|-|-|-|-|-|-|
|Total shareholders (asof June 30, 2018)|JMC had 32,528 shareholders, including 27,100 A-share holders, and 5,428 B-share holders.||||||
|Top ten shareholders|||||||
|Shareholder Name|Shareholder Type|ShareholdingPercentage (%)|Shares at theEnd of Year|Change(+,-)|Shares withTradingRestriction|Shares duetomortgageor frozen|
|Jiangling MotorHolding Co., Ltd.|State-ownedlegal person|41.03|354,176,000|0|0|0|
|Ford Motor Company|Foreign legalperson|32|276,228,394|0|0|0|
|China SecuritiesCorporation Limited|Other|2.63|22,743,584|0|0|0|
|Shanghai AutomotiveCo., Ltd.|State-ownedLegal person|1.51|13,019,610|0|0|0|
|Shanghai Gao Yi AssetManagementPartnership (L.P.)|Other|1.02|8,800,000|8,800,000|0|0|
|Central HuijinInvestment Ltd.|State-ownedlegal person|0.83|7,186,600|0|0|0|

||||||||
|-|-|-|-|-|-|-|
|JPMBLSA RE FTIFTEMPLETON CHINAFUND GTI 5497|Foreign legalperson|0.68|5,848,450|0|0|0|
|GAOLING FUND, L.P.|Foreign legalperson|0.63|5,439,086|0|0|0|
|INVESCOFUNDS SICAV|Foreign legalperson|0.58|5,035,746|0|0|0|
|TEMPLETONDRAGON FUND, INC.|Foreign legalperson|0.56|4,836,708|0|0|0|
|Notes on association among above-mentioned shareholders|||None.||||

2.4 Change of controlling shareholders or actual controlling parties
Change of controlling shareholders
□Applicable √Not Applicable
There was no change of controlling shareholders during the reporting period.
Change of actual controlling parties
□Applicable √Not Applicable
There was no change of actual controlling parties during the reporting period.
2.5 Total shareholders and top ten shareholders holding preferred shares
□Applicable √Not Applicable
There was no shareholder holding preferred shares during the reporting period.
2.6 Company Bond
Whether the Company owns the corporate bond that is lists in the securities exchange and undue or is not paid in full althoughit’s due?
□Yes √No
3. Management Discussions and Analysis
3.1 Summary
In the first half of 2018,China’s economy keeps steadily growth, and China's automotive market continues to keep slightly growth. Total sales volume was 14.07 million units, increased5.57% than 2017 first half.
During the reporting period, to cope with more severe competition, more stringent regulatory requirement and intensifying cost pressures, the Company focused on quality improvement, new product development, operating cost control and production efficiency enhancement. Simultaneously, the Company introduced series of sales policy to respond the market risk. In the first half of 2018, JMC achieved sales volume of 147,354 units, decreased4.16% compared with the same period last year, achieved revenue of RMB 14.287 billion, decreased8.80% compared with the same period last year, achieved net profit of RMB 0.319 billion, decreased42.31% compared with the same period last year. It mainly reflected the decline of passenger vehicle sales during the adjustment period and the changes in product mix, the increasing
promotion expenses to cope with the fierce market competition, and the
continuous growing expenditures in new product and technology development.
In the first half, the Company achieved a good start in the field of electrification
transformation. Kairui EV,JMC’s first electric light truck, has driven the
Company’s strategic alliance with a number of well-known domestic enterprises on strength of high range, low energy consumption, connectivity feature, high quality, comfort and safety performance. A total of 5,100 units Kairui EV order for year 2018 was received short after its launch. The Company has taken a solid step toward shaping a smart logistics ecosystem.
3.2 Matters related to financial report
1 Explanation on the changes of accounting policy, accounting estimates, estimation method compared with that of the last accounting period
√Applicable □Not Applicable
The Company adopted IFRS 15 --Revenue from Contracts with Customers since January 1, 2018. By assessing the effects of applying the new standard on theCompany’s financial statements, no significant impact identified except for the reclassification from distribution expenses as a deduction of revenue. No retrospective adjustments are required.
2 Cause and impacts of major accounting errors, and correction result
□Applicable √Not Applicable
3 Explanation on consolidated scope change compared with that of the last accounting period
√Applicable □Not Applicable
In the reporting period, the newly consolidated subsidiary is Shenzhen Fujiang NEV Sales Co., Ltd.
Board of Directors
Jiangling Motors Corporation, Ltd.
August 27, 2018