JAC Motors reports significant net profit decline in Q1 2025

Anhui Jianghuai Automobile Group (SSE:600418) announced a challenging start to 2025, with its first-quarter report revealing a significant decline in financial performance. The company's revenue decreased by 13% to CNY9,800.88 million, compared to CNY11,265.20 million in the same period last year. Net profit attributable to shareholders plummeted by 311.39%, resulting in a loss of CNY223.00 million, a stark contrast to the profit of CNY105.49 million in Q1 2024. Basic and diluted earnings per share both reflected a decrease of 300% to -CNY0.10. The net cash flow from operating activities was -CNY1,294.45 million. Total assets stood at CNY48,294.12 million, representing a slight decrease of 1.60% compared to the end of the previous year. The company attributed the profit decline primarily to a decrease in the profit of the joint venture.