BAIC BluePark New Energy Technology (600733) Q2 2025 earnings summary

Executive summary

• Achieved sales of 67,152 vehicles in H1 2025, up 139.73% year-over-year; revenue reached ¥9.52 billion, up 154.38% year-over-year.

• Net loss attributable to shareholders was ¥2.31 billion, narrowing from ¥2.57 billion year-over-year.

• Significant growth in high-end and mid-range EV brands, with new models and technology upgrades launched.

• R&D investment reached ¥1.15 billion in H1 2025, with over 4,700 patents authorized cumulatively.

• No dividend or capital increase plan for the half-year; focus remains on reinvestment and growth.

Financial highlights

• Operating revenue: ¥9.52 billion, up 154.38% year-over-year.

• Net loss attributable to shareholders: ¥2.31 billion, improved from ¥2.57 billion year-over-year.

• Basic and diluted EPS: -0.41, improved from -0.46 year-over-year.

• Gross margin improved with cost control measures; R&D expenses up 62.94% year-over-year.

• Cash flow from operations: ¥2.25 billion inflow, compared to ¥2.06 billion outflow year-over-year.

Outlook and guidance

• Plans to expand sales channels, launch new models, and deepen R&D in intelligent driving and battery tech.

• Focus on cost reduction, quality improvement, and ESG initiatives to support sustainable growth.

• Targeting further market share gains in high-end and mainstream EV segments.