JAC(SH:600418)2025-04-29 14:25Financial Performance - The company's operating revenue for Q1 2025 was ¥9.80 billion, a decrease of 13.00% compared to ¥11.27 billion in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥223 million, representing a decline of 311.39% from a profit of ¥105 million in the previous year[4] - The basic and diluted earnings per share were both -¥0.10, a decrease of 300.00% compared to ¥0.05 in the same period last year[4] - The net cash flow from operating activities was -¥1.29 billion, slightly worse than -¥1.23 billion in the previous year[4] - The company experienced a significant decline in gross profit due to reduced sales volume and decreased investment income from joint ventures[7] - Total operating revenue for Q1 2025 was approximately ¥9.82 billion, a decrease of 12.97% compared to ¥11.28 billion in Q1 2024[17] - Net profit for Q1 2025 was a loss of approximately ¥240.50 million, compared to a profit of ¥66.57 million in Q1 2024[18] - The total comprehensive income for Q1 2025 was a loss of approximately ¥186.08 million, compared to a gain of ¥105.89 million in Q1 2024[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥48.29 billion, down 1.60% from ¥49.08 billion at the end of the previous year[5] - As of March 31, 2025, the total current assets amounted to CNY 26,817,808,029.87, a decrease from CNY 27,691,660,924.20 as of December 31, 2024, representing a decline of approximately 3.15%[12] - The company's total assets decreased to CNY 48,294,119,499.28 from CNY 49,081,314,901.43, a decline of approximately 1.6%[14] - Total liabilities as of March 31, 2025, were CNY 36,056,974,532.77, down from CNY 36,652,165,199.04, showing a decrease of about 1.62%[14] - The total equity attributable to shareholders decreased to CNY 11,191,250,374.98 from CNY 11,359,531,781.93, a decline of about 1.48%[14] Cash Flow - The company's cash and cash equivalents decreased to CNY 12,002,843,094.00 from CNY 13,255,671,486.27, reflecting a reduction of about 9.45%[12] - The net cash flow from financing activities was -333,949,896.28, worsening from -44,050,153.35 in the previous year[21] - Cash inflow from loans received was 1,054,723,879.32, up from 800,000,000.00, representing a growth of 31.7%[21] - Cash outflow for debt repayment was 1,356,229,808.33, significantly higher than 897,100,000.00, indicating an increase of about 51.1%[21] - The ending balance of cash and cash equivalents decreased to 8,929,488,269.25 from 9,990,796,154.47, a decline of approximately 10.6%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 243,735[9] - The largest shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., held 28.18% of the shares[9] Investment and Expenses - Research and development expenses for Q1 2025 were approximately ¥333.24 million, a slight decrease from ¥344.08 million in Q1 2024[17] - The company recorded an investment loss of approximately ¥130.75 million in Q1 2025, compared to a loss of ¥41.09 million in Q1 2024[17] - The company reported a decrease in sales revenue from goods and services, totaling approximately ¥7.01 billion in Q1 2025, down from ¥7.84 billion in Q1 2024[20] Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[21]