Shanghai (Gasgoo)- On April 11, Chongqing Changan Automobile Co., Ltd. ("Changan Automobile") released its earnings forecast for the first quarter (Q1) of 2025, projecting a net profit attributable to shareholders of between 1.3 billion yuan and 1.4 billion yuan, which represented a year-on-year increase of 12.26% to 20.89%.
Excluding non-recurring items, the company's Q1 net profit is expected to reach between 730 million yuan and 830 million yuan, marking a significant surge of 553.54% to 643.06%. Earnings per share are estimated at 0.13 yuan to 0.14 yuan.
For comparison, in Q1 2024, Changan Automobile posted a net profit attributable to shareholders of 1.158 billion yuan, with 112 million yuan in net profit after excluding non-recurring items, and earnings per share of 0.12 yuan.
Changan Automobile attributed the robust performance in net profit to the continued implementation of its "Third Entrepreneurship" innovation strategy. Key contributing factors included brand elevation, optimized product mix, improved profitability in the new energy vehicle (NEV) segment, and solid growth in overseas markets. The company also noted steady progress in the profitability of its self-owned brands.
According to Changan Automobile's latest monthly production and sales report, its total vehicle sales reached 705,187 units for Q1 2025, up 1.89% year-on-year. Of those, NEV sales amounted to 194,173 units, while sales for the company's overseas business came in at 159,585 units. In addition, Changan Automobile's self-owned brands record sales of 611,031 vehicles, which included 452,711 passenger vehicles.
