Beiqi Foton's Q1 net profit skyrockets 70%

Beiqi Foton Motor announced a 70.08% year-over-year increase in net profit attributable to shareholders, reaching CNY435.67 million for the first quarter of 2025, compared to CNY256.15 million in the same period last year. Operating revenue also saw a robust increase of 15.01%, climbing to CNY14.80 billion from CNY12.87 billion. The company attributed this strong performance to a 9.8% increase in sales volume, with 170,000 units sold in the period. Notably, new energy vehicle sales grew significantly, reaching 25,600 units. The company also highlighted increased overseas exports and ongoing cost reduction efforts as contributing factors to the improved profitability. Basic earnings per share rose by 71.88% to 0.055 CNY/share.