Jiwei Network News (Wen/Jiang Cui) On April 29, Jianghuai Automobile released the first quarter report of 2022, saying that the company achieved revenue of 97.615 billion yuan in Q1, a year-on-year decrease of 16.43%. The loss attributable to the shareholders of the listed company was 290 million yuan. The loss attributable to the shareholders of the listed company, net of non-recurring gains and losses, was $480 million.
Regarding the net profit attributable to the shareholders of listed companies falling by 253.45% year-on-year, Jianghuai Automobile explained that it was mainly due to the impact of the epidemic and chip shortage, sales volume declined; the price of raw materials such as chips and batteries increased due to rising costs and a decrease in gross profit of main business.
It is reported that Jachuai Automobile is a comprehensive automobile manufacturer integrating R&D, manufacturing, sales and service of commercial vehicles, passenger cars and powertrains. Its main products are all kinds of cars and chassis, wind commercial vehicles (MPV), Ruiying off-road vehicles (SRV), C-class Binyue, B-class and Heyue RS, A-class Tongyue and Tongyue RS, A0-class Yueyue cars.
Jianghuai Automobile said that the company will adhere to the "user-centric, strategy-oriented, innovation as the main line, change as the driving force" guiding ideology, adhere to the "quality, technology, brand, scale, efficiency" business policy, bigger and stronger commercial vehicles, focus on the development of intelligent vehicles and intelligent new energy vehicles, transform the development of parts business, innovative development of auto finance, auto logistics and value-added business, to create an industrial ecosystem with JAC automotive characteristics.
(Proofreading/Andy)