Financial Performance - Total revenue for the first nine months of 2025 was CNY 120.80 billion, a decrease from CNY 144.02 billion in the same period of 2024, representing a decline of approximately 16.1%[12] - Net profit for the first nine months of 2025 was CNY 4.48 billion, down from CNY 10.29 billion in 2024, reflecting a decrease of about 56.5%[12] - Operating profit decreased to CNY 7.57 billion in 2025 from CNY 15.22 billion in 2024, a decline of approximately 50.3%[12] - Total comprehensive income for the first nine months of 2025 was CNY 4.81 billion, compared to CNY 11.89 billion in 2024, a decline of about 59.5%[16] - Operating profit for the first nine months of 2025 was RMB 1.04 billion, down from RMB 3.00 billion in 2024, indicating a decline of about 65.4%[32] - Net profit for the first nine months of 2025 was RMB 1.03 billion, compared to RMB 3.01 billion in 2024, reflecting a decrease of approximately 65.7%[32] Assets and Liabilities - As of September 30, 2025, the total assets of BAIC Motor Corporation amounted to RMB 161.83 billion, a decrease from RMB 172.04 billion as of December 31, 2024[5] - The company's current assets totaled RMB 73.00 billion, down from RMB 81.69 billion in the previous audited period[5] - The total liabilities decreased to RMB 82.61 billion from RMB 93.56 billion, indicating a reduction in financial obligations[8] - Total assets as of September 30, 2025, amounted to RMB 105.11 billion, up from RMB 101.15 billion at the end of 2024, marking an increase of about 3.9%[24] - Current assets totaled RMB 40.32 billion as of September 30, 2025, compared to RMB 37.61 billion at the end of 2024, representing a growth of approximately 7.2%[24] - Total liabilities increased to RMB 23.28 billion as of September 30, 2025, from RMB 20.39 billion at the end of 2024, indicating a rise of about 14.5%[27] Cash Flow and Equivalents - The company's cash and cash equivalents were RMB 26.30 billion, compared to RMB 34.64 billion at the end of 2024, reflecting a significant decline[5] - Cash flow from operating activities for the first nine months of 2025 was CNY 2.40 billion, significantly lower than CNY 18.06 billion in 2024, a decrease of approximately 86.7%[19] - Cash and cash equivalents at the end of September 2025 were CNY 24.78 billion, down from CNY 34.46 billion at the end of September 2024, a decrease of approximately 28.2%[22] - Cash and cash equivalents decreased to RMB 2.66 billion as of September 30, 2025, from RMB 5.26 billion at the end of 2024, a decline of approximately 49.5%[24] - The company reported a net decrease in cash and cash equivalents of ¥3,128,095,985.73, compared to a decrease of ¥4,010,228,169.90 in the previous period[38] - The ending balance of cash and cash equivalents was ¥2,132,536,558.46, down from ¥5,260,632,544.19 at the beginning of the period[38] Shareholder Equity - The total equity attributable to shareholders rose slightly to RMB 57.58 billion from RMB 57.31 billion, showing a modest increase in shareholder value[8] - The total equity of the company as of September 30, 2025, was RMB 81.83 billion, an increase from RMB 80.76 billion at the end of 2024, representing a growth of approximately 1.3%[27] Expenses - Research and development expenses were CNY 1.05 billion in 2025, slightly down from CNY 1.08 billion in 2024, indicating a decrease of about 2.0%[12] - The company incurred sales expenses of CNY 5.83 billion in 2025, down from CNY 8.33 billion in 2024, a decrease of approximately 30.1%[12] - The company’s financial expenses decreased to CNY 274.04 million in 2025 from CNY 388.33 million in 2024, reflecting a reduction of about 29.3%[12] - Research and development expenses for the first nine months of 2025 were RMB 244.02 million, significantly higher than RMB 52.75 million in 2024, reflecting an increase of about 362.5%[32] Investment and Future Plans - The company has indicated plans for market expansion and new product development, although specific figures were not disclosed in the current report[3] - The company reported an investment loss of CNY 183.44 million in 2025, compared to a loss of CNY 450.25 million in 2024, showing an improvement of about 59.3%[12]
北京汽车(01958) - 2025 Q3 - 季度业绩