Jiangling Motors Corporation (000550) Q1 2025 earnings summary

Executive summary

• Q1 2025 vehicle sales reached 76,007 units, up 2.27% year-over-year, with sales revenue at ¥7.97 billion, down 0.09% year-over-year.

• Net profit attributable to shareholders was ¥306 million, a 36.56% decrease year-over-year, mainly due to changes in minority interest.

• Cash flow from operating activities was negative ¥2.30 billion, a 273.95% increase in outflow year-over-year, driven by reduced dealer payments and increased disbursements.

Financial highlights

• Revenue: ¥7.97 billion, down 0.09% year-over-year.

• Net profit attributable to shareholders: ¥306 million, down 36.56% year-over-year.

• Basic and diluted EPS: ¥0.35, down 36.56% year-over-year.

• Operating cash flow: negative ¥2.30 billion, a significant increase in outflow.

• Total assets at period end: ¥27.25 billion, down 11.65% from year-end 2024.

Outlook and guidance

• Q1 sales volume increased slightly, but profit margins and net profit declined due to cost pressures and changes in minority interest.