Jiaoyun Co., Ltd. (600676.SH) announced its 2025 annual performance, with a net loss attributable to shareholders of 330 million yuan (RMB 3.3 billion).

Jiaoyun Co., Ltd. (600676.SH) Disclosed the 2025 Annual Report. During the reporting period, the company achieved revenue of 4.35B yuan, a year-on-year decrease of 2.03%; net profit attributable to shareholders of the listed company was a loss of 330 million yuan, narrowing compared to the previous year; net profit excluding non-recurring gains and losses was a loss of 597 million yuan, expanding compared to the previous year; basic earnings per share were -0.32 yuan.

The company’s operating income for this period slightly declined compared to the same period last year, mainly due to the continued impact of fierce competition in the highway freight market and underwhelming new business development in the company’s subordinate road freight and logistics service sectors, resulting in significant pressure on core business and a decrease in revenue compared to the same period last year; the passenger car sales and automotive after-sales service sectors, mainly involving traditional fuel vehicle brands, still faced unfavorable market conditions such as declining consumer demand and price wars, leading to a decline in revenue compared to the same period last year; however, the automotive parts manufacturing and sales service sector’s main customer parts business demand and sales revenue increased, partially offsetting the revenue decline in other sectors.

Total profit, net profit attributable to shareholders of the listed company, basic earnings per share, and diluted earnings per share for this period increased compared to the same period last year, mainly because this period included additional land and operational compensation received to cooperate with government levies. Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses, and basic earnings per share after deducting non-recurring gains and losses, decreased compared to the same period last year, primarily due to the company’s prudent approach, which led to impairment testing of inventories and fixed assets in the automotive parts manufacturing and sales service sector, resulting in asset impairment losses.