Jianghuai Automobile's annual revenue is 46.5 billion yuan: net loss of 1.7 billion yuan, just completed a private placement to raise 3.5 billion yuan

（Source: LeiDui Smart Driving）

LeiDui Network Lei Jianping April 5

Anhui Jianghuai Automobile Group Co., Ltd. (company code: 600418, company abbreviation: Jianghuai Automobile) has recently released its financial report for the period ended December 31, 2025. The financial report shows that Jianghuai Automobile’s 2025 revenue was RMB 46.48B, up 10.35% from RMB 42.12B in the same period last year.

Jianghuai Automobile’s net loss in 2025 was RMB 1.7 billion; the net loss after excluding non-recurring items in the same period last year was RMB 1.78B. The net loss after excluding non-recurring items was RMB 2.5 billion; the net loss after excluding non-recurring items in the same period last year was RMB 2.74B.

Jianghuai Automobile’s fourth-quarter 2025 revenue was RMB 15.6 billion, with a net loss of RMB 268 million, and a net loss after excluding non-recurring items of RMB 737 million.

As of Friday’s close, Jianghuai Automobile’s share price was RMB 44.53, and its market capitalization was RMB 100.4 billion.

Anhui Jianghuai Automobile Group Holding Co., Ltd. holds 28%

As of December 31, 2025, Anhui Jianghuai Automobile Group Holding Co., Ltd. held 28.23%, Hong Kong Central Clearing Ltd. held 2.68%, Anhui State-owned Capital Operation and Holding Group Co., Ltd. held 2.22%, and the Anhui Provincial Department of Finance held 1.67%;

As of December 31, 2025, the equity structure of Jianghuai Automobile

Wang Ping held 1.13%, Hefei Municipal State-owned Assets Holding Co., Ltd. held 1.05%, Chen Dakui held 1.01%, Hangzhou Zhichun Investment Management Co., Ltd. – Zhichun Selected Phase I Private Securities Investment Fund held 0.92%, Ge Guilian held 0.76%, and Wang Yanhong held 0.62%.

Net proceeds raised: RMB 3.48 billion

As of February 4, 2026, Jianghuai Automobile issued 70,168,404 shares of ordinary stock to 8 specific investors, raising total proceeds of RMB 3.5 billion, with net proceeds of RMB 3.48 billion.

The issuance targets participating in this subscription are as follows: Yao Zhichao, Shenzhen Xinsi zhe Investment Management Co., Ltd. – Xinsi zhe Multi-Strategy Master Fund private securities investment fund, Chinreach Capital Management Co., Ltd. – Chinreach Zhixing No. 2 private securities investment fund, 广发证券股份有限公司 (GF Securities Co., Ltd.), Ge Weidong, Fang Wenyan, Hangzhou Zhichun Investment Management Co., Ltd. – Zhichun Selected Phase I Private Securities Investment Fund, and Caitong Fund Management Co., Ltd., with a lock-up period of 6 months.

Of these, Yao Zhichao and Chinreach Capital Management Co., Ltd. – Chinreach Zhixing No. 2 private securities investment fund subscribed RMB 1B each; Shenzhen Xinsi zhe Investment Management Co., Ltd. – Xinsi zhe Multi-Strategy Master Fund private securities investment fund subscribed RMB 200 million; and GF Securities Co., Ltd. subscribed RMB 260 million;

Ge Weidong and Fang Wenyan each subscribed RMB 100 million; Hangzhou Zhichun Investment Management Co., Ltd. – Zhichun Selected Phase I Private Securities Investment Fund subscribed RMB 600 million; and Caitong Fund Management Co., Ltd. subscribed RMB 240 million.

As of September 30, 2025, Anhui Jianghuai Automobile Group Holding Co., Ltd. held 28.23%, Hong Kong Central Clearing Ltd. held 2.54%, Anhui State-owned Capital Operation and Holding Group Co., Ltd. held 2.22%, and the Anhui Provincial Department of Finance held 1.67%;

As of September 30, 2025, the equity structure of Jianghuai Automobile

Wang Ping held 1.08%, Chen Dakui held 1.07%, Hefei Municipal State-owned Assets Holding Co., Ltd. held 1.05%, National Social Security Fund Portfolio 101 held 0.85%, Ge Guilian held 0.76%, and Wang Yanhong held 0.62%.

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