Changan Automobile Performance in 2025: Financials, Sales, Top Models, and Market Trends

Financial Performance and Profitability

• Q1 2025 Revenue: Approximately CNY 88.8 billion (~$12.4 billion USD estimated), contributing to a full-year revenue target of around CNY 355 billion (~$49 billion USD)

• Q1 2025 Net Profit: Between CNY 1.3 billion and 1.4 billion (~$180–190 million USD), representing a 12.26%–20.89% year-over-year increase

• Adjusted Net Profit (excluding non-recurring items): Between CNY 730 million and 830 million, up more than 550% compared to Q1 2024

• Earnings Per Share (Q1 2025): Estimated at 0.13–0.14 yuan

• Operating Margin: Improving through product mix optimization and enhanced NEV profitability

• Capital Investment: Ongoing investments focused on electrification, new technology, and global expansion initiatives

Vehicle Sales and Production

• Total Vehicle Sales (Q1 2025): 705,187 units, a 1.89% increase year-over-year

• New Energy Vehicle (NEV) Sales (Q1 2025): 194,173 units, driving profitability gains

• Overseas Sales (Q1 2025): 159,585 units, showing solid international progress

• Self-Owned Brand Sales: 611,031 units, including 452,711 passenger vehicles

• Key models span passenger cars, SUVs, and commercial vehicles under various brand sub-names including Changan, Deepal, Avatr, and cooperations with Ford and Mazda

Regional and Global Sales Performance

• Domestic Market: Strong sales of both traditional and NEV models within China

• International Markets: Increasing footprint with substantial growth in overseas vehicle deliveries

• Growth Drivers: Brand elevation, innovation strategy execution, and expanding NEV portfolio

• Overseas sales projected to comprise approximately 30% of total group revenue by 2025

Profitability and Cost Factors

• Enhanced profitability from NEV segment and self-owned brand portfolio optimization

• Continued focus on technology innovation, smart cockpit, smart driving systems, and battery swap services

• Cost and efficiency improvements supporting margin gains despite competitive market pressures

Debt and Liquidity

• The company maintains manageable leverage with improving cash flow reflects operational strength

• Strong liquidity supports R&D, manufacturing capacity expansion, and international growth ambitions

Best Selling Models: Overview and Highlights

Weakest Performers and Segment Underperformance

• Traditional internal combustion engine (ICE) vehicles face ongoing decline

• Some legacy models are being phased out as electrification strategy advances

Key Financial and Operational Metrics

Industry Outlook and Strategic Focus

• Changan aims to become a top ten global automaker by 2030 with targeted sales of 3 million units including 1 million NEVs in 2025

• Continued advancement in proprietary technologies and accumulated core competencies for global competitiveness

• Expansion into emerging markets and new mobility fields such as robotics, flying vehicles, and AI

• Strengthening self-owned brands alongside partnerships with Ford and Mazda

Summary

Changan Automobile delivered robust growth and profitability in Q1 2025 fueled by a diversified and growing new energy vehicle portfolio, solid overseas expansion, and continued innovation under its "Third Entrepreneurship" strategy. The company targets ambitious sales growth and global market positioning, underpinned by investments in technology and operational efficiency. Progress in NEV sales and overseas markets suggests Changan is well on its way to becoming a leading global automotive player.

Sources

• Changan Automobile Q1 2025 Earnings Forecast and Sales Reports

• Automotive industry market analysis on Chinese OEM growth dynamics in 2025

• Company disclosures and news coverage on Changan global strategy and financials