JAC Motors expects a loss of about 740 million yuan in the first half of 2026, narrowing the loss by approximately 32.81 million yuan compared with the same period last year. Net profit attributable to the parent after deducting non-recurring items is expected to be negative 986 million yuan. The main reasons for the expected loss include intensified market competition leading to a year-on-year decline in sales volume, as well as losses from the company's joint ventures, resulting in an overall investment loss of 130 million yuan. Affected by exchange rate fluctuations, the company's financial expenses are about 140 million yuan, with foreign exchange gains decreasing by 390 million yuan year-on-year. In the first quarter of 2026, JAC Motors achieved revenue of 11.477 billion yuan, with net profit attributable to the parent at negative 606 million yuan.
Anhui Jianghuai Automobile Group Corp LtdIntensified competition led to a year-on-year decline in sales volume, causing a loss.