Anhui Jianghuai Automobile Group Corp (600418) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 9.80 billion, down 13% year-over-year.

• Net loss attributable to shareholders was RMB 223 million, compared to a profit of RMB 105 million in Q1 2024.

• Decline in sales volume and reduced gross margin were primary drivers of the loss.

Financial highlights

• Operating cash flow was negative RMB 1.29 billion, a further decline from negative RMB 1.23 billion a year ago.

• Total assets at quarter-end were RMB 48.29 billion, down 1.6% from year-end 2024.

• Shareholders' equity decreased 1.48% to RMB 11.19 billion.

• Basic and diluted EPS were both -0.10, down from 0.05 year-over-year.

• Non-recurring gains totaled RMB 64 million, mainly from government grants and investment returns.

Key financial ratios and metrics

• Gross margin declined due to lower sales and reduced main business profitability.

• Weighted average ROE was -1.98%, down 2.77 percentage points year-over-year.