JAC Motors reports significant loss, restructures governance amid challenging Q3 2025

Anhui Jianghuai Automobile Group Corp. reported a net loss of CNY 1,434,211,488.72 for the first three quarters of 2025. This 329.43% year-on-year decrease was primarily due to complex international dynamics and increased competition, which impacted export sales and profitability. Total assets decreased by 1.85% to CNY 48,172,750,048.01.

The company announced a major governance restructuring, abolishing its Supervisory Committee. Its functions will be absorbed by the Audit Committee of the Board of Directors. This change necessitates revisions to the Articles of Association, Shareholder Meeting Rules, and Board Meeting Rules, which will be submitted for shareholder approval.

Additionally, the company proposed extending the validity period for its 2024 private placement of A-shares and related authorization to the Board of Directors until November 19, 2026. Other proposals include an investment of CNY 2,203,710,000 for factory intelligence upgrades and the establishment of new subsidiaries and branches to enhance sales and research and development capabilities.