Changan Auto forecasts significant profit growth in Q1 2025

Chongqing Changan Automobile (SZSE:000625) has released its first quarter performance forecast for 2025, projecting a notable rise in profits. The company estimates net profit attributable to shareholders to be between CNY 130,000 and CNY 140,000 million, representing a year-on-year increase of 12.26% to 20.89%. Net profit after deducting non-recurring gains and losses is expected to range from CNY 73,000 to CNY 83,000 million, with a year-on-year growth between 553.54% and 643.06%. Basic earnings per share are forecasted at between CNY 0.13 and CNY 0.14. The company attributes this growth to its continued push for innovation and its brand strategy, along with improvements in product structure, benefits from new energy initiatives and increased overseas revenue.