Jianghuai Automobile's sales did not meet expectations, which is not an isolated case. Affected by the epidemic, the entire automotive industry chain has been frustrated, the overall performance of the domestic auto market is weak, and most car companies are facing dual pressure of production and marketing.
In the international market, Jianghuai Automobile has repeatedly won large orders. On April 2, 330 J7 Super Hatchback sedans were ready for delivery to the UAE market. On April 15th, the launch ceremony of the first batch of 305 Xingrui vehicles of BIMBO customers in Mexico was held at the headquarters of Jianghuai Automobile, which is of far-reaching significance for Jianghuai Automobile's in-depth localization operation, cross-regional collaborative development and brand influence in the Latin American market.
Previously, the first quarter report of Jianghuai Automobile showed that Jianghuai Automobile achieved revenue of 9.761 billion yuan in the first quarter of 2022, down 16.43% year-on-year. The net loss attributable to shareholders of listed companies was 290 million yuan, down 253.45% year-on-year. The year-on-year decline in net profit was mainly due to the impact of the epidemic and chip shortage, and the decline in sales; the increase in the price of raw materials such as chips and batteries led to an increase in costs and a decrease in the gross profit of the main business. (Compiler: Pacific Auto Network Liu Yunqing)