A few days ago, Jianghuai Automobile released the first quarter of 2022 financial report. Affected by adverse factors such as repeated epidemics and chip shortages, Jianghuai Automobile's revenue and net profit in the first quarter both fell, and its performance was poor.
According to the financial report data, in the first quarter of 2022, the operating income of Jianghuai Automobile reached 9.761 billion yuan, down 16.43% year-on-year; the net loss attributable to the shareholders of the listed company reached 290 million yuan, down 253.45% year-on-year.
According to the official explanation of Jianghuai Automobile, the company's net loss expanded, in addition to the decline in sales caused by the epidemic and chip shortage, the price of raw materials such as chips and batteries also led to an increase in costs, resulting in a decrease in the gross profit of the main business.
In terms of sales, in the first quarter of this year, the production and sales of Jianghuai Automobile reached 131,300 units and 129,400 units, respectively, down 11.97% and 11.67% year-on-year. It is worth mentioning that jianghuai automobile pure electric passenger car sales in this quarter achieved sales of 40,051 units, an increase of 67.43% against the trend, becoming one of the few bright achievements in the production and sales express.
In the first quarter of this year, Jianghuai Automobile's new pure electric passenger car Sihao Aipao opened pre-sale, after the subsidy pre-sale price of 139,900 yuan, the new car is equipped with Horizon Journey 2 car specification LEVEL AI chip, and equipped with Huawei 77G front millimeter wave radar, it is expected to become a new sales growth point of Jianghuai Automobile after the official listing.
At the R&D level, Jianghuai Automobile's R&D expenditure in the first quarter reached 295 million yuan, an increase of nearly 4% year-on-year. At the same time, the net cash flow generated by operating activities reached 1.165 billion yuan, up 236.16% year-on-year, and the sufficient cash flow performance also enhanced the anti-risk ability of Jianghuai Automobile to a certain extent, laying the foundation for its next development.
Overall, Jianghuai Automobile also needs to continue to plan measures to stabilize growth, reverse the situation of performance losses as soon as possible, and raise sales performance to a new height, so as to have the hope of upward development in the fierce market competition.