Dongfeng Automobile anticipates first quarter profit growth

Dongfeng Automobile (SSE:600006) announced that it expects its net profit attributable to the parent company for the first quarter of 2025 to range from CNY15,160 to CNY16,315, an increase of 8.16% to 16.40% compared to the same period last year. This projection comes despite a challenging market environment and increased competitive pressures in the light commercial vehicle sector. The company attributed the anticipated profit increase to its efforts in bolstering terminal sales, restructuring operations, and implementing cost-saving measures. Simultaneously, the company released its March 2025 production and sales figures, which showed a decrease in both production and sales compared to the same period in 2024. Production volumes fell by 19.57% year-over-year to 17,315 vehicles, while sales decreased by 20.96% to 21,422 vehicles. Specifically, production and sales of new energy vehicles also experienced a decrease, with a reduction of 57.83% in production and 63.75% in sales.