江 铃Ｂ：2012年第一季度报告全文（英文版） .ppt

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1、Shares name:,Jiangling Motors,Shares code:,000550,No.:,2012-016,Jiangling B,200550,Jiangling Motors Corporation,Ltd.2012 First Quarter Report,1,Important Note,1.1 The Board of Directors and its members,the Supervisory Board and itsmembers,and the senior executives are jointly and severally liable fo

2、r thetruthfulness,accuracy and completeness of the information disclosed in thereport and confirm that the information disclosed herein does not contain falsestatements,misrepresentations or major omissions.1.2 The Directors,Supervisors,and Senior Management undertake and haveno objection to the tru

3、thfulness,accuracy and completeness of the contents ofthe First Quarter Report.1.3 All the Directors were present at the Board meeting.1.4 The financial statements in this Quarterly Report are not audited.1.5 Chairman Wang Xigao,President Yuan-Ching Chen,CFO Michael JosephBrielmaier and Chief of Fin

4、ance Department,Ding Ni,confirm that the financialstatements in this Quarterly Report are truthful and complete.1.6 All financial data in this Quarterly Report are prepared under InternationalFinancial Reporting Standards(“IFRS”)unless otherwise specified.1,0,2,Brief Introduction,2.1 Main accounting

5、 data and financial indicatorsUnit:RMB000,At the end ofreporting period,At the end of theprevious year,Change(%),Total assetsShareholders equityAttributable to the Equity,12,732,2867,787,247,11,819,8557,311,768,7.726.50,Holders of the Company,Share Capital,863,214,863,214,Net Assets Per ShareAttribu

6、table to the Equity,9.02,8.47,6.50,Holders of the Company(RMB),Reporting period,Same periodlast year,Change(%),RevenueProfit Attributable to the EquityHolders of the Company(RMB)Net cash generated fromoperating activitiesNet cash per share generatedfrom operating activities(RMB)Basic earnings per sh

7、are(RMB)Diluted earnings per share(RMB)Weighted Average Return onNet Asset Ratio(%),4,493,960475,479746,6160.860.550.556.30,4,727,348545,327123,4740.140.630.638.52,-4.94-12.81504.67504.67-12.81-12.81Down 2.22percentagepoints,2,2.2 Total number of shareholders and top ten shareholders holding unlimit

8、edtradable shares at the end of reporting periodTotal shareholders at the JMC had 23,253 shareholders,including 17,137 A-share,end of reporting period,holders and 6,116 B-share holders,as of March 31,2012.,Top ten shareholders holding unlimited tradable shares,NameJiangling Motor Holding Co.,Ltd.For

9、d Motor CompanyHuaan Tactical Select Securities InvestmentFundShanghai Automotive Co.,Ltd.National Social Security Fund-Portfolio 102Bosera Thematic Sector Equity SecuritiesInvestment FundDragon Billion China Master Fund,Shares as ofMarch 31,2012354,176,000258,964,20019,989,43413,019,61011,234,0919,

10、500,0008,969,196,Type of shareA shareB shareA shareA shareA shareA shareB share,Rongtong NewInvestment Fund,Blue-chip,Securities,7,082,010,A share,Jpmblsa Re Ftif Templeton China Fund Gti5497Invesco Funds Sicav3Major Events,5,035,2634,712,709,B shareB share,3.1 Causes and explanations of major chang

11、es of financial indicatorscompared with those of previous reporting periodApplicable Not ApplicableIn the first quarter of 2012,JMC sold 52,692 vehicles,including 16,097JMC-brand trucks,22,241 JMC-brand pickups and SUVs,and 14,354Ford-brand commercial vehicles.Total retail sales volume was down 5.0%

12、from the same period last year.Revenue and net profit in the reporting periodwere RMB 4,494 million and RMB 475 million,down 4.94%and 12.81%respectively from the same period last year.In the first quarter of 2012,JMCs gross profit margin was 24%,up 1percentage point from the same period last year.Th

13、is profit margin increase isprimarily explained by continuous cost control and lower raw material costs.Distribution costs during the reporting period increased by RMB 93 million,or52%from the same period last year,primarily reflecting increased of marketingspending.Finance income during the reporti

14、ng period increased by RMB 19 million,or56%from the same period last year,primarily reflecting fixed bank depositincrease,climbing interest rate and investment management improvement.3,3.2 Analysis of major events,their impacts and resolutions3.2.1 Abnormal audit report,Applicable,Not Applicable,3.2

15、.2 Funds provided for the controlling shareholder and its related parties,oroutside guarantee in breach of the laws and regulations,Applicable,Not Applicable,3.2.3 Signature and implementation of major contract regarding routineoperation activities,Applicable3.2.4 OthersApplicable,Not ApplicableNot

16、Applicable,3.3 Implementation of commitments made by the Company,shareholders oractual controlling parties,Applicable,Not Applicable,3.4 Warning and explanations as to the situation that accumulated net profitduring the period from year beginning to the end of next reporting period maybe negative or

17、,compared with the same period last year,may have asubstantial change,Applicable,Not Applicable,3.5 Explanations on other major events3.5.1 Securities investments,Applicable,Not Applicable,3.5.2 External research and media interview to the Company in the reportingperiod,Date,Place,Communication,Obje

18、ct,Information discussed,Method,and sources offered,January13,2012,In theCompany,OralCommunication,Three analysts fromOrient Securities,JMC Operating highlights,Company Limited,China InternationalFund ManagementCo.,Ltd.,E FundManagement Co.,Ltd.,January18,2012,In theCompany,OralCommunication,An anal

19、yst fromFounder Securities,JMC Operating highlights,Company Limited,February9,2012,In theCompany,OralCommunication,Three analysts fromPing An Insurance,JMC Operating highlights,(Group)Company ofChina,Ltd.,New ChinaAsset Management4,Co.,Ltd.,February15,2012,In theCompany,OralCommunication,Two analyst

20、s from NewThinking Investment,JMC Operating highlights,Management Co.,Ltd.,Guoyuan ConsultingService Company,February17,2012,In theCompany,OralCommunication,Four analysts fromZhonghai Fund,JMC Operating highlights,Management Co.,Ltd.,SWS MU FundManagement Co.,Ltd.,Golden Eagle AssetManagement Co.,Lt

21、d.,March 30,2012,In theCompany,OralCommunication,Two analysts fromChina Asset,JMC Operating highlights,Management Co.,Ltd.,Huachuang SecuritiesCompany Limited3.6 Securities derivates investment,Applicable,Not Applicable,3.6.1 Balance of securities derivates at the end of reporting period,Applicable,

22、Not Applicable,Board of DirectorsJiangling Motors Corporation,Ltd.April 25,20125,AppendixJiangling Motors Corporation,Ltd.Consolidated Balance SheetMarch 31,2012(Prepared under International Financial Reporting Standards)(All amounts in RMB thousands unless otherwise stated),ASSETSNon-current assets

23、,31 March 2012*RMB000,31 December 2011RMB000,Property,plant and equipmentLease prepaymentIntangible assetsInvestments in associateDeferred income tax assetsCurrent assetsInventoriesTrade and other receivablesCash and cash equivalentsTotal assetsEQUITYCapital and reserves attributable to theCompanys

24、equity holdersShare capitalShare premiumOther reservesRetained earningsNon-controlling interestsTotal equityLIABILITIESNon-current liabilitiesBorrowingsRetirement benefit obligationsWarranty provisionsCurrent liabilitiesFinancial liabilities held for tradingTrade and other payablesCurrent income tax

25、 liabilitiesBorrowingsRetirement benefits obligationsTotal liabilitiesTotal equity and liabilities,3,428,283269,71618,69319,428223,7403,959,8601,261,2171,626,2015,885,0088,772,42612,732,286863,214816,609457,6505,649,7747,787,247118,4187,905,6656,18348,693156,830211,7062,5114,557,54643,73241210,7144,

26、614,9154,826,62112,732,286,3,271,690271,34721,95417,851250,1823,833,0241,140,2531,461,6015,384,9777,986,83111,819,855863,214816,609457,6505,174,2957,311,768115,3527,427,1206,18952,198140,855199,2426,6964,167,7957,87541310,7144,193,4934,392,73511,819,855,*:Unaudited financial indexes6,Jiangling Motor

27、s Corporation,Ltd.Consolidated Income Statement2012 First quarter(Prepared under International Financial Reporting Standards)(All amounts in RMB thousands unless otherwise stated),2012 first quarter*RMB000,2011 first quarter*RMB000,RevenueSales taxCost of salesGross profitDistribution costsAdministr

28、ative expensesOther incomeOperating profitFinance incomeFinance costsFinance income-netShare of profit of associatesProfit before income taxIncome tax expenseProfit for the periodProfit attributable to:Equity holders of the CompanyNon-controlling interestsOther comprehensive incomeTotal comprehensiv

29、e income for the periodTotal comprehensive income attributable to:Equity holders of the CompanyNon-controlling interestsEarnings per share for profit attributable tothe equity holders of the Company(expressed in RMB per share)-Basic and diluted,4,493,960(145,268)(3,409,213)939,479(272,955)(170,450)1

30、5,513511,58754,346(240)54,1061,577567,270(88,725)478,545475,4793,066478,545-478,545475,4793,066478,5450.55,4,727,348(133,447)(3,627,938)965,963(180,109)(160,563)1,810627,10135,141(371)34,7701,288663,159(102,757)560,402545,32715,075560,402-560,402545,32715,075560,4020.63,*:Unaudited financial indexes

31、7,-,-,-,-,-,-,Jiangling Motors Corporation,Ltd.Consolidated cash flow statement2012 First Quarter(Prepared under International Financial Reporting Standards)(All amounts in RMB thousands unless otherwise stated),Cash flows from operating activities,2012 first quarter*RMB000,2011 first quarter*RMB000

32、,Cash generated from operationsInterest paidIncome tax paidNet cash generated from operating activitiesCash flows from investing activitiesPurchase of held-to-maturity investmentsPurchase of property,plant and equipment(“PPE”)Other cash paid relating to investing activitiesProceeds from disposal of

33、PPEProceed from repayment of held-to-maturity investmentsInterest receivedOther cash received from investing activitiesNet cash used in investing activitiesCash flows from financing activitiesRepayments of borrowingsDividends paid to the Companys shareholdersOther cash paid relating to financing act

34、ivitiesNet cash used in financing activitiesNet increase/(decrease)in cash and cash equivalentsCash and cash equivalents at beginning of yearEffects of exchange rate changesCash and cash equivalents at end of period,764,711(220)(17,875)746,616(299,837)(328)35052,867508(246,440)(145)(145)500,0315,384,977-5,885,008,220,151(368)(96,309)123,474(214,968)(172,844)37215,21621,863(150,696)(24,455)(276)(114)(24,845)(52,067)5,813,162-5,761,095,*:Unaudited financial indexes8,