Anhui Jianghuai Automobile Group Corp (600418) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 11.46 billion, up 16.91% year-over-year, but net loss attributable to shareholders widened to RMB 606 million from RMB 223 million in Q1 2025.

• Operating cash flow was negative RMB 3.90 billion, a significant deterioration from negative RMB 1.29 billion a year ago.

Financial highlights

• Total assets at quarter-end were RMB 51.69 billion, up 1.59% from year-end 2025.

• Shareholders’ equity increased 29.86% to RMB 12.58 billion compared to year-end 2025.

• Basic and diluted EPS were both -0.27, compared to -0.10 in Q1 2025.

• Gross margin and operating profit both declined, with total profit at -RMB 587 million versus -RMB 173 million last year.

Outlook and guidance

• Management attributes the increased loss to exchange rate fluctuations and reduced investment income from associates and joint ventures.