长安汽车一季度交卷：合资降、自主涨，董事长是最拼的那个

Core Viewpoint - Changan Automobile reported a decline in both April sales and first-quarter revenue, despite positive market conditions and the launch of significant models like Avita 06 and Q07 [1][3]. Sales Performance - In April 2025, Changan's sales reached 190,700 units, a year-on-year decrease of 9.27% [1][3]. - For the first four months of 2025, total sales were 895,848 units, reflecting a slight decline of 0.71% compared to the same period last year [2][3]. - The sales of joint venture brands, Changan Ford and Changan Mazda, saw significant declines of 18.48% and 5.02%, respectively, contributing to the overall drop in sales [3]. Revenue and Financials - Changan's first-quarter revenue was 34.16 billion yuan, down 7.73% year-on-year [4][5]. - The net profit attributable to shareholders was 1.35 billion yuan, an increase of 16.81% compared to the previous year [4]. - The net cash flow from operating activities was negative 3.5 billion yuan, a decline of 166.71% from the previous year [5]. Strategic Developments - Changan's chairman, Zhu Huarong, has been actively addressing the company's future, including the progress of restructuring with Dongfeng and reaffirming the sales target of 5 million units by 2030 [6][8]. - The company plans to invest over 10 billion USD to accelerate its globalization efforts [6][8]. New Model Performance - Avita and Deep Blue vehicles have shown strong sales, with Avita achieving 11,681 units in April, a year-on-year increase of 122.6% [3]. - The Q07 model received 31,000 orders in its first month, indicating strong market interest [3].