Hongmeng Zhixing has been active in May: the Zunjie S800 is about to be launched, and the "Shangjie" project base has started construction.
① The recruitment conference for the Hongmeng Smart Travel Smart World and Shangjie Private Network channels was held today, targeting "national outstanding Dealers with 4S operation qualifications." ② "SAIC initially invested 6 billion yuan and formed a dedicated team of over 5,000 people," said SAIC Group President Jia Jianxu.
More than 60% of A-share vehicle companies achieved growth in net income in the first quarter, with policy dividends and technological breakthroughs being the driving forces for this growth.
① Among the 16 A-share listed automobile companies, 10 companies achieved year-on-year growth in net income attributable to the parent company in the first quarter of 2025, accounting for 62.5%. ② BYD led with a growth rate of 100.38%, SAIC Group's net income increased by 11.40% year-on-year, and Chongqing Changan Automobile's net income attributable to the parent company surged by 601.31% year-on-year.
Shen Kang Jia A: In the first quarter of 2025, it turned a profit, with a Net income growth of 118.59% year-on-year, but the main Business still faces pressure.
Shenkangjia A turned a profit in the first quarter of 2025: Net income increased by 118.59% year-on-year, with the change in equity accounting contributing to significant investment income. Key points: Revenue and net income: In the first quarter, revenue reached 2.544 billion yuan, a year-on-year increase of 3.32%; net income attributable to shareholders of the listed company was 94.81 million yuan, a substantial turnaround with an increase of 118.59% year-on-year. Excluding non-recurring items: The net income after deducting non-recurring gains and losses was -0.441 billion yuan, a year-on-year reduction in losses of 5.55%, with the main business still under significant pressure. Non-recurring gains and losses: Non-recurring gains and losses reached 0.535 billion yuan, mainly from the equity investment in Wuhan Tianyuan Eco-friendly Concept.
The Shanghai Auto Show witnesses the "mutual rush" of Chinese and foreign enterprises: multinational car companies are deeply cultivating the Chinese market while domestic supply chain enterprises are accelerating their move towards Global.
① The 2025 Shanghai Auto Show focuses on smart electric vehicles, with foreign car companies accelerating their integration into the China supply chain, and local innovative forces rising; ② Under the pressure of transformation, Toyota deepens its local layout by establishing a wholly-owned factory in Shanghai, betting on localization and supply chain synergy; ③ Joint venture brands strengthen collaboration in local innovation chains, as China supply chain companies accelerate their dominance in the Global smart electric vehicle industry.
Chongqing Changan Automobile: Core profit growth of 601% in the first quarter of 2025, revenue decline raises concerns.
Chongqing Changan Automobile's performance in the first quarter of 2025: core profit grew by 601%, but the decline in revenue raises concerns. Key points from the earnings report show a divergence in revenue and profit performance: in the first quarter, revenue was 34.161 billion yuan, a year-on-year decrease of 7.73%; the net income attributable to the parent company was 1.353 billion yuan, a year-on-year increase of 16.81%. Core profit has significantly improved: the net profit excluding non-recurring items was 0.783 billion yuan, a year-on-year increase of 601.31%, indicating a substantial enhancement in the profitability of the main business. Notable changes in financial structure: financial expenses were -1.074 billion yuan, a year-on-year increase of 341.34%, mainly influenced by increases in foreign exchange income and interest income.
Directly reporting from the 2025 Shanghai Auto Show|Huawei's auto layout gets another upgrade: the release of the Qianjun ADS 4 high-speed L3 commercial solution, with HarmonyOS Smart Travel gathering eight vehicle models.
① This auto show marks the first time that Hongmeng Intelligent Mobility brings together eight models - the Wenchang M5, M7, M8, M9; the Zhijie S7, R7; the Xiangjie S9, and the Zunjie S800. ② The third model created by Audi FAW New energy Fund - the Audi A6L e-tron makes its global debut at the auto show.