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    000550   CNE000000CV8

JIANGLING MOTORS CORPORATION, LTD.

(000550)
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End-of-day quote Shenzhen Stock Exchange  -  2022-07-05
18.69 CNY   +10.01%
06/27Jiangling Motors Corporation, Ltd. Approves Dividend for 2021
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04/26Jiangling Motors Corporation, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
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03/31JMC Slashes Final Dividend 92%, Post Single-Digit Growth in 2021 Earnings
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Ford, Jiangling form China joint venture to sell SUVs, vans

01/26/2022 | 04:11pm EDT
FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan

(Reuters) - Ford Motor Co and longtime Chinese partner Jiangling Motors Corp have formed a joint venture aimed at strengthening Ford's sales efforts and reach in China, the companies said Wednesday.

Jiangling Ford Automobile Technology (Shanghai) Co aims to sell Ford passenger vehicles -- mainly SUVs and vans -- built by JMC through a network of 181 showrooms in major Chinese cities.

The portfolio includes the recently launched Ford Equator Sport, a five-passenger mid-size SUV with such features as advanced driver assist, a Tencent infotainment system and mobile device interface and wireless over-the-air software updates.

Other Ford models to be sold through the new JV are the Territory, Everest, Equator and Tourneo.

(Reporting by Paul Lienert in Detroit; Editing by Cynthia Osterman)

By Paul Lienert


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FORD MOTOR COMPANY -0.31% 11.149 Delayed Quote.-45.50%
JIANGLING MOTORS CORPORATION, LTD. 10.01% 18.69 End-of-day quote.14.59%
JMC CORPORATION -1.01% 781 Delayed Quote.68.23%
TENCENT HOLDINGS LIMITED -0.34% 347.6 Delayed Quote.-23.64%
All news about JIANGLING MOTORS CORPORATION, LTD.
06/27Jiangling Motors Corporation, Ltd. Approves Dividend for 2021
CI
04/26Jiangling Motors Corporation, Ltd. Reports Earnings Results for the First Quarter Ended..
CI
03/31JMC Slashes Final Dividend 92%, Post Single-Digit Growth in 2021 Earnings
MT
03/30Jiangling Motors Corporation, Ltd. Proposes Final Cash Dividend for the Year 2021
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02/03Ford’s Losses in China More Than Double in Q4’21
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01/26Ford Forms New JV With Chinese Partner JMC
MT
01/26Ford, Jiangling form China joint venture to sell SUVs, vans
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01/24Jiangling Motors Corporation, Ltd. Reports Earnings Results for the Full Year Ended Dec..
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Financials
Sales 2022 33 577 M 5 006 M 5 006 M
Net income 2022 537 M 80,0 M 80,0 M
Net cash 2022 8 727 M 1 301 M 1 301 M
P/E ratio 2022 30,1x
Yield 2022 1,48%
Capitalization 11 915 M 1 776 M 1 776 M
EV / Sales 2022 0,09x
EV / Sales 2023 0,12x
Nbr of Employees 12 930
Free-Float 24,5%
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Technical analysis trends JIANGLING MOTORS CORPORATION, LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Last Close Price 18,69 CNY
Average target price 12,50 CNY
Spread / Average Target -33,1%
EPS Revisions
Managers and Directors
Wong Manto President & Director
Wei Hua Li Chief Financial Officer
Tian Gao Qiu Chairman
Hu Xiao Chairman-Supervisory Board
Xian Jun Li Independent Director
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