Shulou(Shulou.com)11/24 Report--

CTOnews.com May 7 news, Jiangling Automobile released the first quarter financial report, this quarter operating income 7.526 billion yuan, Year-on-year growth 4.06%; Net profit 183 million yuan, Year-on-year decline 5.79%; Deducted non-net profit 0.09 billion yuan, Year-on-year growth 134.35%; Net cash flow loss generated by operating activities 722 million yuan, Year-on-year growth 73.19%; Total assets were 26.732 billion yuan, down 2.68% year-on-year.

Jiangling Automobile sold 71860 vehicles in the first quarter, up 2.43% year-on-year, including 17507 light passenger cars, 16765 trucks, 12467 pickup trucks and 25121 SUV. Sales revenue was 7.526 billion yuan, up 4.06% year-on-year.

CTOnews.com with changes in key accounting data and financial indicators and reasons:

Bills receivable decreased by 593 million yuan or 79.82% from the end of last year, mainly due to due acceptance of bills.

At the end of the year, receivables financing increased by RMB244 million or 64.76% over the end of last year, mainly due to the increase in bank acceptance notes received during the period.

Other receivables decreased by RMB35.19 million or 31.69% from the end of last year, mainly due to the receipt of equity transfer from subsidiaries.

Short-term borrowings increased by 600 million yuan or 54.55% over the end of last year, mainly due to the increase in short-term bank borrowings during the period.

Contract liabilities increased by 61.04 million yuan compared with the end of last year, with an increase ratio of 40.14%, mainly due to the increase in advance payment for complete vehicles, parts and maintenance services in the current period.

Net cash flow from operating activities decreased by RMB1.97 billion, or 73.19%, compared with the same period last year, mainly due to increased sales volume, increased vehicle payments received from dealers and decreased payment for goods.

The net cash flow used in investment activities increased by 196 million yuan or 124.15% over the same period last year, mainly due to the increase in cash paid for the purchase and construction of fixed assets in the current period.

Net cash flow from financing activities decreased by 1.206 billion yuan or 90.33% over the same period last year, mainly due to repayment of due loans in the current period.

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