Changan Auto's Q1 profit rises despite revenue dip

Chongqing Changan Automobile (SZSE:000625) reported a net profit attributable to shareholders of CNY1,352,699,415.80 for the first quarter of 2025, up 16.81% compared to the same period last year. Revenue decreased by 7.73% to CNY34,160,587,096.72. Net profit excluding non-recurring items significantly increased to CNY783,358,022.64. The company's total assets stood at CNY199,907,426,593.64, a decrease of 3.97% from the end of the previous year. Operating cash flow was negative at CNY-3,500,712,348.16, a sharp contrast to the positive cash flow of CNY5,247,360,763.49 reported in the first quarter of 2024. Basic and diluted earnings per share were both CNY0.14, compared to CNY0.12 in the prior year.