乘联分会：1-5月汽车行业利润率4.3% 较1-4月的4.1%利润率有所改善

Core Insights - The automotive industry in China has shown a slight improvement in profit margins, with a profit margin of 4.3% for the first five months of 2025, up from 4.1% in the first four months [1] Group 1: Production and Revenue - In the first five months of 2025, automotive production reached 12.76 million units, representing a year-on-year increase of 11% [1] - The industry's revenue for the same period was 412.83 billion yuan, reflecting a year-on-year growth of 7% [1] Group 2: Costs and Profits - The total cost for the automotive industry during the first five months was 363.51 billion yuan, which is an 8% increase compared to the previous year [1] - Profit for the automotive industry was reported at 17.81 billion yuan, showing a year-on-year decline of 11.9% [1] Group 3: Monthly Performance - In May 2025, the automotive industry's revenue was 87.31 billion yuan, marking an 8% year-on-year increase [1] - The costs in May were 77.15 billion yuan, also reflecting an 8% increase [1] - Profit in May was 4.56 billion yuan, which is a significant year-on-year decline of 27.1% [1] - The profit margin for May was 5.2%, showing a notable improvement from April but a decline from 7.5% in May of the previous year [1]