JAC Motors 2024 Performance Forecast: Expected Loss of About 1.77 Billion Yuan

JAC Motors recently released its 2024 performance forecast, predicting a full-year net loss of approximately RMB 1.77 billion. The main reason is that its joint venture Volkswagen Anhui suffered operating losses, resulting in the company recognizing a loss of approximately RMB 1.35 billion in investment income from Volkswagen Anhui; at the same time, some of the company's assets were impaired, and an asset impairment provision of approximately RMB 1.1 billion was made.