Incident: Jiangling Motors announced the production and sales report for September 2014. In September, it recorded sales volume of 23,685 units, an increase of 8.3% over the previous year. Production was 22,422 units, an increase of 6.1% over the previous year. Comment: There was a significant month-on-month increase in sales volume in January and September: In September 2014, the company's automobile sales volume was 23,685 units, up 8.3% year on year and 46.2% month on month. The total car sales volume for January-September was 195,000 units, up 18.0% year on year. 2. Light buses, light trucks, and pickups increased significantly month-on-month: in September 2014, the Ford brand's light passenger sales volume was 6,731 units, up 3.1% year on year and 33.6% month on month. Light truck products benefited from the implementation of the emission policy, and sales volume increased 21.5% year over year to 8,989 units, an increase of 51.8% over the previous year. Pickup truck sales were 6,776 units, up 5.3% year on year and 63.7% month on month. 3. The performance of Yusheng brand SUVs declined seriously: In July of this year, the company's Yusheng SUV sales volume was 2,575 units, but since August, SUV sales have been sluggish for two consecutive months: in August, SUV sales were 1102 units, down 57.2% from the previous month; in September, sales volume was 1,189 units, up 7.9% from the previous month, a slight improvement; down 20.6% year on year. 4. Sales of light trucks and light buses are expected to continue to grow, and Ford SUVs are expected to be launched next year: The company's light truck and light passenger sales performance is still good. Benefiting from the emission policy, the company's light truck and light passenger sales are expected to reach higher sales during the peak season. SUVs began to decline in August, mainly due to the strong performance of SUVs from other brands. However, the company's new SUV products will not be launched until next year, and the 7-seater SUV cooperating with Ford may only be launched by the end of the year. It is not expected to bring a significant increase in SUV sales in the fourth quarter. The company's cumulative sales volume in January-September reached 195,000 units, an increase of 18.0% over the previous year, and is expected to maintain good performance growth this year. We forecast that the company's 2014-2016 EPS will be $2.25, $3.14, and $4.03 respectively. The last updated report gave a highly recommended rating.