Gelonghui, November 6 | According to Haitong Securities Research Report, JAC (600418.SH) achieved net profit of 0.63 billion yuan in the first three quarters, a sharp increase of about 2.4 times over the previous year. The main benefits are: First, the company continued to optimize its product structure and debt structure, actively explore domestic and foreign markets, and achieve an increase in exchange earnings and a reduction in financial expenses; second, the company continued to work to optimize the asset structure and improve the efficiency of resource allocation, and the return on asset disposal increased dramatically during the reporting period. The company actively embraces intelligent technology, which can not only strengthen its superior business, but also obtain new development opportunities through open cooperation, thereby driving the continuous improvement of the company's business conditions. Considering that the company is still in the early stages of development and has more room for development, it was given 7.0-8.0 times PB in 2024, corresponding to a reasonable price range of 43.26-49.44 yuan, giving it a “superior to the market” rating.