Core Viewpoint - The Chinese automotive market is experiencing intensified competition, ongoing price wars, and significant penetration of new energy vehicles (NEVs) in the first half of 2025, leading to a shift in focus from quantity to quality for dealers [1][9]. Group 1: Market Dynamics - Domestic passenger car sales increased by 10.8% year-on-year to 10.902 million units in the first half of 2025, but the oversupply situation has intensified, with demand growth lagging behind capacity expansion [1]. - The average price of new cars decreased by 11.4% in the first half of the year, putting significant profit pressure on upstream suppliers, manufacturers, and dealers [1]. - The penetration rate of new energy vehicles reached 50.2%, with a monthly breakthrough of 53.3% in June, shifting the competitive focus from price wars to technology and service [1]. Group 2: Company Performance - The company achieved revenue of 27.072 billion yuan in the first half of the year, maintaining profitability after excluding asset impairment impacts [2]. - Inventory turnover days improved to 26.3 days, a reduction of 0.4 days year-on-year, effectively mitigating risks from new car price fluctuations [2]. - The net cash flow from operating activities increased by 66.9% year-on-year to 1.167 billion yuan, providing financial support for business adjustments [2]. Group 3: Operational Strategies - The company implemented proactive inventory control and dynamic adjustments, reducing the balance of in-transit and inventory to 4.986 billion yuan, a decrease of 6.8% from the end of 2024 [3]. - The company closed 19 stores in the first half of the year, focusing resources on more promising brands, while opening 7 new stores for leading NEV brands [3][5]. - The total number of operational outlets decreased to 209, with luxury brands accounting for 64.6% and independent NEV brands for 16.7% [4]. Group 4: New Energy and Aftermarket Growth - The company sold 10,312 units of independent NEV brands in the first half, a year-on-year increase of 49%, with direct sales mode growing by 123.1% [6]. - Aftermarket service revenue reached 4.784 billion yuan, with a gross margin of 40.35%, and the after-sales absorption rate improved to 84.2%, up 5.6 percentage points year-on-year [7][10]. - The company’s used car business saw a transaction volume of 30,427 units, achieving a gross margin of 5.21%, an increase of 0.81 percentage points [8]. Group 5: Sustainable Development Logic - The company's focus on "controlling inventory, stabilizing cash flow, and enhancing service" reflects a shift in dealer competition logic from scale to efficiency [9][11]. - The company’s after-sales business covers over 84.2% of fixed operating costs, allowing new car sales to contribute only a small portion of gross profit for overall profitability [10]. - The strategic combination of luxury and NEV brands positions the company to capture both short-term profits and long-term growth opportunities [10][11].

永达汽车(03669)公布中期业绩，报告期内营业收入达270.72亿元，扣除相关资产减值影响后保持盈利， 新能源业务成为中期亮点。公司主动优化现有豪华车品牌网络布局，聚焦核心区域优质门店，提升单店 运营质量和整体盈利能力。同时公司形成新能源品牌网点规模化优势，快速提升新能源业务占比和盈利 贡献，2025年上半年新增30个新能源品牌授权及7家新网点，推动独立新能源（001258）品牌销量达 10,312台同比提升49.0%，新能源维修保养收入同比激增75.8%至2.16亿元，独立新能源售后管理内客户 数达7.23万，较2024年末增长25.9%。新能源战略持续推进落地，正稳步成为公司第二增长曲线的核心 引擎。 ...

智通财经APP获悉，永达汽车(03669)公布中期业绩，报告期内营业收入达270.72亿元，扣除相关资产减 值影响后保持盈利，新能源业务成为中期亮点。公司主动优化现有豪华车品牌网络布局，聚焦核心区域 优质门店，提升单店运营质量和整体盈利能力。同时公司形成新能源品牌网点规模化优势，快速提升新 能源业务占比和盈利贡献，2025年上半年新增30个新能源品牌授权及7家新网点，推动独立新能源品牌 销量达10,312台同比提升49.0%，新能源维修保养收入同比激增75.8%至2.16亿元，独立新能源售后管理 内客户数达7.23万，较2024年末增长25.9%。新能源战略持续推进落地，正稳步成为公司第二增长曲线 的核心引擎。 ...

Core Viewpoint - Yongda Automobile (3669.HK) reported a robust performance for the first half of 2025, showcasing strong operational metrics and cash flow advantages [1] Financial Performance - The company recorded revenue of 27.072 billion yuan, with a net profit of 62.66 million yuan after accounting for asset impairment [1] - Operating cash flow demonstrated significant growth, with a net inflow of 1.167 billion yuan, marking a year-on-year increase of 66.9% [1] Operational Efficiency - New vehicle turnover efficiency remained high, with turnover days at just 26.4 days [1] - The after-sales service business showed continuous improvement, with the service absorption rate rising to 84.2%, an increase of 5.6% year-on-year [1] Used Car Business - The gross profit from used cars exceeded 113 million yuan, reflecting a quarter-on-quarter increase of 8.2% [1] - Used car turnover days improved to 17.7 days, a decrease of 2.5 days year-on-year and a reduction of 4 days quarter-on-quarter [1] Strategic Initiatives - The company is enhancing operational efficiency, strengthening after-sales services, ensuring healthy cash flow, and expanding the used car business, which collectively boosts its competitive edge [1]

销量方面，2025年上半年集团独立新能源（001258）品牌汽车销量达到10312台，同比上升49.0%。其 中经销模式销量4455台，直销模式销量5857台。由于集团代理的产品在进一步向高端领域发展，今年上 半年新车平均售价达到了26.73万元，尊界S800等车辆在下半年规模交付，集团相信届时会进一步增 长，单台新车综合毛利率也维持稳定，保持在了4%以上。截止到今年上半年结束，独立新能源品牌留 存订单达到近六千张，为下半年业务持续增长奠定了基础。 公告称，2025年上半年新车销量72501辆，同比下降13.4%。新车销售及相关服务收入为205.32亿元、同 比下降14.4%;新车销售及相关服务毛利率为1.03%，同比下降0.61个百分点。上半年行业竞争白热化， 部分品牌及经销商为抢占市场份额，采取激进的降价促销策略，导致新车销售价格持续下探，单车毛利 受损。鉴于现阶段的市场竞争环境，集团于上半年主动调整了新车经营策略，核心目标从'以量取胜'转 向'量利平衡'，在一定程度上影响了短期销量规模。集团通过积极与厂方沟通，实现批零售考核任务目 标的调减，并通过加大在短视频、直播、社交媒体等新媒体获客渠道的投入，以及 ...

智通财经APP讯，永达汽车(03669)发布截至2025年6月30日止六个月中期业绩，总收入270.72亿元(人民 币，下同);毛利23.7亿元。 公告称，2025年上半年新车销量72501辆，同比下降13.4%。新车销售及相关服务收入为205.32亿元、同 比下降14.4%;新车销售及相关服务毛利率为1.03%，同比下降0.61个百分点。上半年行业竞争白热化， 部分品牌及经销商为抢占市场份额，采取激进的降价促销策略，导致新车销售价格持续下探，单车毛利 受损。鉴于现阶段的市场竞争环境，集团于上半年主动调整了新车经营策略，核心目标从'以量取胜'转 向'量利平衡'，在一定程度上影响了短期销量规模。集团通过积极与厂方沟通，实现批零售考核任务目 标的调减，并通过加大在短视频、直播、社交媒体等新媒体获客渠道的投入，以及进一步加强对潜客到 店率、转化率、成交周期等过程指标的跟踪管理，有效促进线索转化率的提升。 销量方面，2025年上半年集团独立新能源品牌汽车销量达到10312台，同比上升49.0%。其中经销模式 销量4455台，直销模式销量5857台。由于集团代理的产品在进一步向高端领域发展，今年上半年新车平 均售价达到 ...

| 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國永達汽車服務控股有限公司 | | 股份代號 | 03669 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月的中期股息 | | 公告日期 | 2025年8月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.07 RMB | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.07678 HKD | | 匯率 | 1 RMB : 1.09692 HK ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 China Yongda Automobiles Services Holdings Limited （中國永達汽車服務控股有限公司） （於開曼群島註冊成立之有限公司） （股份代號：03669） 中期業績公告 截至二零二五年六月三十日止六個月 中國永達汽車服務控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附 屬公司（統稱為「本集團」或「我們」）截至二零二五年六月三十日止六個月的未經審核簡 明綜合中期財務業績，連同截至二零二四年六月三十日止六個月之比較數據。 本集團財務摘要 - 1 - • 截至二零二五年六月三十日止六個月的收入為人民幣270.72億元，較截至二零 二四年六月三十日止六個月的人民幣310.36億元下降12.8% 。 • 截至二零二五年六月三十日止六個月的新車經銷收入為人民幣187.77億元，較 截至二零二四年六月三十日止六個月的人民幣229.11億元下降18.0% 。 • ...

Core Viewpoint - Yongda Automotive experienced a 5.69% decline in stock price, trading at 1.99 HKD per share with a transaction volume of 2.6027 million HKD as of August 26 [1] Company Overview - Yongda Automotive Services Holdings Limited specializes in luxury and new energy vehicle sales and services, offering new car sales, after-sales services, automotive finance and insurance agency, used car trade-in and sales, as well as automotive parts and maintenance products [1] - The company has a nationwide service network and ranks among the top 500 enterprises in China and the top 10 automotive dealer groups in China [1] Financial Performance - As of the 2024 annual report, Yongda Automotive reported total revenue of 63.42 billion RMB and a net profit of 201 million RMB [1] - The company disclosed its interim report for the fiscal year 2025 on August 26 [1]

格隆汇8月18日丨永达汽车(03669.HK)公布，2025年8月18日，公司注销2131万股回购的股份。 ...