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Haikou Jiangdong New Area
Company

Chinese automaker JAC loses 146 mln yuan amid COVID-19

August 03, 2020


Abstract : Chinese automaker Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) reported a net loss in the first half of the year (H1) as the COVID-19 epidemic dented sales.

BEIJING, Aug. 2 (Xinhua) -- Chinese automaker Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) reported a net loss in the first half of the year (H1) as the COVID-19 epidemic dented sales.

JAC suffered a net loss of 146 million yuan (20.9 million U.S. dollars) in H1, compared with a profit of 125 million yuan in the same period last year, the company announced in its preliminary earnings estimate, filed with the Shanghai Stock Exchange.

Due to the COVID-19, JAC's sales of cars and chassis in the January-June period fell 10.97 percent year on year to 209,400 units, the Hefei-headquartered company said.

Shares of the Shanghai-listed automaker shed 1.28 percent to close at 9.29 yuan apiece Friday. Enditem

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Keyword: JAC auto industry

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