JAC Motors revises figures in past annual reports

Anhui Jianghuai Automobile Group Corp (JAC Motors) [SSE:600418] has issued an announcement correcting portions of its 2021, 2022 and 2023 annual reports. The revisions primarily concern the breakdown of revenue and cost of sales by geographical region, specifically impacting domestic (excluding Hong Kong, Macau and Taiwan) and overseas segments. The corrections do not affect the company’s overall financial statements or operational results. The change in 2021 annual report increased revenue by 0.36% in the mainland China region and increased 1.78% in overseas. The change in 2022 annual report decreased revenue by 0.77% in the mainland China region and increased 1.53% in overseas. The changes in 2023 annual report decreased revenue by 0.87% in the mainland China region and increased 1.4% in overseas. The company also made a slight correction to the proportion of total sales accounted for by its top five customers in 2021 and 2023. The company stated that apart from these specified revisions, other details in the initial filings remain unchanged.