Core Viewpoint - Beiqi Blue Valley is expected to report a significant reduction in net profit loss for the year 2025, with an estimated loss range of 4.35 billion to 4.65 billion yuan, compared to a loss of 6.948 billion yuan in 2024 [2] Group 1 - The main reason for the anticipated loss is the company's commitment to its "three-year leap" strategy, which involves continuous investment in product research and development as well as channel construction, impacting short-term performance [2] - The company projects a sales volume of 209,576 vehicles in 2025, representing a year-on-year increase of 84.06% [2] - Despite the expected increase in sales, the company is still in a loss phase due to the insufficient realization of scale benefits as it continues to invest strategically [2] Group 2 - The company anticipates improvements in profitability as new products are launched according to plan and cost reduction and efficiency enhancement measures are further implemented [2]

Group 1 - The company, Beiqi Blue Valley, expects a net loss of 4.35 billion to 4.65 billion yuan for the year 2025 [1] - The projected loss pertains to the net profit attributable to shareholders of the listed company [1]

Group 1 - The passenger car sector increased by 0.68% on January 19, with Haima Automobile leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the passenger car sector showed varied performance, with notable increases in stocks like Haima Automobile (3.48%) and SAIC Motor (1.73%) [1] Group 2 - The net inflow of main funds in the passenger car sector was 63.56 million yuan, while retail investors experienced a net outflow of 45.99 million yuan [1] - Haima Automobile had a significant main fund net inflow of 73.46 million yuan, while retail investors saw a net outflow of 86.47 million yuan [2] - BYD experienced a net outflow of 88.17 million yuan from main funds, indicating a negative trend in investor sentiment [2]

Core Viewpoint - Beiqi Blue Valley (600733.SH) announced a projected net loss for 2025, estimating a loss of between 4.65 billion yuan and 4.35 billion yuan, indicating a significant reduction in losses compared to 2024's net loss of 6.948 billion yuan, with a reduction range of 33.09% to 37.41% [1] Group 1 - In 2025, Beiqi Blue Valley expects to achieve sales of 209,576 vehicles, representing a year-on-year growth of 84.06% [1] - The company is still in a loss phase due to strategic investments, as the scale benefits have not yet been fully realized [1] - The profitability is expected to improve further as new products are launched according to plan and cost reduction and efficiency enhancement measures are implemented [1]

证券代码：600733 证券简称：北汽蓝谷 公告编号：临 2026-003 北汽蓝谷新能源科技股份有限公司 2025 年年度业绩预亏公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本期业绩预告适用于净利润为负值的情形。 北汽蓝谷新能源科技股份有限公司（以下简称"公司"）预计 2025 年年度归属于上市公司股东的净利润为-465,000.00 万元到-435,000.00 万 元；预计 2025 年年度归属于上市公司股东的扣除非经常性损益后的净利润 为-495,000.00 万元到-465,000.00 万元。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）每股收益：-1.2466 元。 三、本期业绩预亏的主要原因 （二）业绩预告情况 1.经公司财务部门初步测算，预计 2025 年年度实现归属于上市公司股 东的净利润为-465,000.00 万元到-435,000.00 万元。 2.预计 2025 年年度实现归属于上市公司股东的扣除非经常 ...

转自：证券时报 人民财讯1月19日电，北汽蓝谷(600733)1月19日公告，公司预计2025年归属于上市公司股东的净利润为 亏损43.5亿元—46.5亿元。2025年公司销量达到209,576辆，同比增长84.06%，但由于规模效益尚未充分 体现，公司整体仍处于战略投入期的亏损阶段。随着新产品矩阵按规划投放市场及降本增效措施进一步 落实，公司盈利能力有望进一步改善。 ...

北汽蓝谷公告称，预计2025年年度归属于上市公司股东的净利润为-46.5亿元到-43.5亿元，扣除非经常 性损益后的净利润为-49.5亿元到-46.5亿元。上年同期净利润为-69.48亿元，扣非净利润为-73.23亿元。 预亏主因是推进"三年跃升"战略，持续投入研发与渠道建设；虽2025年销量达209,576辆，同比增长 84.06%，但规模效益未充分体现，仍处亏损阶段。 ...

Group 1 - The core viewpoint of the news is that Beiqi Blue Valley's stock has shown fluctuations in price and trading volume, with a recent increase of 2.00% and a total market capitalization of 48.267 billion yuan [1] - As of January 19, Beiqi Blue Valley's stock price is 8.66 yuan per share, with a trading volume of 2.90 billion yuan and a turnover rate of 0.69% [1] - The company has experienced a year-to-date stock price increase of 7.85%, with a 2.26% decline over the last five trading days, a 9.07% increase over the last 20 days, and a 10.18% increase over the last 60 days [1] Group 2 - Beiqi Blue Valley reported a revenue of 15.384 billion yuan for the period from January to September 2025, representing a year-on-year growth of 56.69% [2] - The company recorded a net profit attributable to shareholders of -3.426 billion yuan, which is a year-on-year increase of 23.73% [2] - As of September 30, 2025, the number of shareholders decreased by 11.53% to 240,100, while the average circulating shares per person increased by 13.04% to 20,346 shares [2]

Investment Rating - The industry investment rating is "Positive" [2] Core Insights - The report highlights that BAIC Blue Valley's L3 vehicles have officially been put on the road, with plans to gradually open to individual users in the second quarter of 2026 [23] - Tesla will discontinue the one-time purchase version of its Full Self-Driving (FSD) feature, shifting entirely to a subscription model starting February 14, 2026 [23] - The China Association of Automobile Manufacturers predicts that vehicle sales will reach 34.4 million units in 2025, marking a year-on-year increase of 9.4% [23] - Shanghai aims to achieve large-scale implementation of high-level autonomous driving applications by 2027 [23] - Uber plans to launch a customized autonomous taxi service in San Francisco, pending regulatory approval [23] - In December 2025, electric vehicle sales in Australia surpassed those of fuel vehicles for the first time in a month [24] Market Performance - The A-share automotive sector outperformed the broader market, with a weekly increase of 0.49%, while the CSI 300 index fell by 0.57% [3][9] - The passenger vehicle sector saw a decline of 1.69%, with BAIC Blue Valley and BYD showing smaller declines [3] - The commercial vehicle sector declined by 1.49%, with Weichai Power and King Long leading the gains [3] - The automotive parts sector increased by 1.65%, with Aikelan and Jiaoyun shares leading the gains [3] Key Industry News - BAIC Blue Valley's L3 vehicles are set to gradually open to individual users in the second quarter of 2026 [23] - Tesla's shift to a subscription model for FSD is seen as a strategic move during a critical period for technology iteration [23] - The Chinese automotive market is expected to maintain a production and sales scale above 30 million units for three consecutive years [23] - Shanghai's plan for autonomous driving aims to create a globally competitive smart connected vehicle industry cluster by 2027 [23] - Uber's entry into the autonomous taxi market represents a significant step in the evolution of transportation services [23] Recommendations - The report suggests focusing on companies such as BYD, Geely, Great Wall Motors, and others in the passenger vehicle sector [3] - In the commercial vehicle sector, companies like China National Heavy Duty Truck Group and FAW Jiefang are recommended [3] - For automotive parts, companies such as Songyuan Safety and Ningbo Gaofa are highlighted as potential investment opportunities [3]

Investment Rating - The report maintains a positive outlook for the automotive industry, expecting a rebound in vehicle sales in Q1 and focusing on investments in intelligent driving, robotics, and liquid cooling technologies [3]. Core Insights - The automotive sector is experiencing significant dynamics, including sales, pricing, exports, and robotics developments [2]. - The report highlights that January's early sales data shows a substantial year-on-year decline, primarily due to subsidy reductions and rising vehicle prices, leading to consumer hesitation [5]. - The report anticipates that the pressure on vehicle prices will be managed through strict enforcement of anti-competitive practices, aiming to stabilize prices and profit margins [5]. - The export market is expected to grow rapidly, supported by agreements that lower trade barriers for electric vehicles, enhancing profitability for manufacturers and dealers [5]. - The robotics sector is gaining traction, with the Optimus V3 generating market excitement and expectations for product launches [5]. Data Tracking - In early January, the average discount rate remained stable, with a 9.6% increase year-on-year, and the average discount amount reached 22,259 yuan, up by 2,192 yuan year-on-year [4]. - December's wholesale vehicle sales were reported at 2.85 million units, reflecting a year-on-year decline of 8.7% and a month-on-month decline of 6.3% [4]. - Notable sales performance in December included significant year-on-year growth for new energy vehicle manufacturers like NIO and Li Auto, while traditional automakers like SAIC and Changan showed mixed results [6]. Industry News - The report discusses various industry developments, including the price commitments for electric vehicles between China and Europe, which aim to facilitate trade [27]. - The Ministry of Industry and Information Technology is focusing on enhancing the competitiveness of the new energy vehicle sector and regulating market practices to prevent price wars [27]. - Recent data indicates a significant drop in retail sales of passenger vehicles in early January, with a 32% year-on-year decline [27]. Market Performance - The automotive sector saw a weekly increase of 0.71%, ranking 8th out of 29 sectors, while the overall market indices showed mixed results [10].