FAW Jiefang's H1 2025 net profit plunges 96% amid fierce competition

FAW Jiefang Group Co. Ltd. reported a significant decrease in net profit attributable to the parent company for the first half of 2025, falling 96.12% year-on-year to 20 million yuan. Operating revenue also declined by 23.00% to 28.079 billion yuan. Total assets, however, increased by 9.50% to 79.663 billion yuan as of June 30, 2025. The company attributed the decline to intensified market competition and structural differentiation in products.

The company is committed to becoming a leading provider of green and intelligent transportation solutions, focusing on product R&D and overseas market expansion. In H1 2025, the domestic market for medium and heavy trucks grew by 4.2%, and light trucks by 12.7%, while new energy vehicle demand surged by 136%. Overseas demand saw an 8% decline. The company implemented a repurchase and cancellation of 1,090,201 restricted shares in the reporting period.