Ideal Auto's operating profit turned negative in the first quarter, down 36.7% year-on-year

Ideal Auto's operating profit in the first quarter was -580 million yuan, down 36.7% year-on-year, indicating that the company is facing great pressure at the operational level. In the fourth quarter of last year, the company's operating profit was 3 billion yuan, indicating that the company's operating conditions in the first quarter had deteriorated significantly.