Chongqing Changan Automobile Company (000625) H1 2025 earnings summary

Executive summary

• Achieved sales of 1.355 million vehicles in H1 2025, up 1.6% year-over-year, with NEV sales up 49.1% and overseas sales up 5.1%.

• Revenue declined 5.25% year-over-year to ¥72.69 billion, and net profit attributable to shareholders fell 19.09% to ¥2.29 billion.

• Company accelerated transformation to a smart, low-carbon mobility technology company, advancing NEV, intelligentization, and globalization strategies.

Financial highlights

• Operating income: ¥72.69 billion, down 5.25% year-over-year.

• Net profit attributable to shareholders: ¥2.29 billion, down 19.09% year-over-year.

• Net cash flow from operating activities: -¥8.61 billion, compared to +¥3.44 billion in H1 2024.

• Basic EPS: ¥0.23, down 20.69% year-over-year.

• Gross margin: 14.58%, up 0.78 percentage points year-over-year.

• Total assets: ¥180.23 billion, down 13.42% from year-end 2024.

Outlook and guidance

• Company remains committed to innovation and transformation, focusing on NEV, intelligentization, and global expansion.

• Board proposes a cash dividend of ¥0.50 per 10 shares, totaling ¥495.7 million, pending shareholder approval.