JAC Motors corrects geographical revenue data in 2023 report

JAC Motors (SSE:600418) announced a correction to its 2023 annual report, specifically addressing the geographical breakdown of its main business revenue. The amendment revises figures for both domestic and overseas revenue, with domestic revenue (excluding Hong Kong, Macao, and Taiwan) now reported as CNY 18,013,340,627.96 and overseas revenue (including Hong Kong, Macao, and Taiwan) as CNY 23,669,422,411.86. The company clarifies that this correction, stemming from revisions in accounting standards, does not affect the company's overall financial statements or operating results. The revised report also details year-over-year changes in revenue and cost of sales for each region, with domestic revenue decreasing by 17.52% and overseas revenue increasing by 0.94%.