Xin Lang Cai Jing·2025-07-13 07:41Core Viewpoint - Changan Automobile's sales rebounded in June, with a quarter-on-quarter revenue increase in Q2. Overall sales in June reached 235,100 units, a year-on-year increase of 4.5% and a month-on-month increase of 4.8%. Cumulative sales from January to June totaled 1,355,300 units, reflecting a year-on-year growth of 1.6% [1] Group 1 - In June, Changan's self-owned brand sales reached 195,300 units, marking a year-on-year increase of 3.4% and a month-on-month increase of 5.8%. Cumulative sales for the first half of the year amounted to 1,150,600 units [1] - The Avita brand showed steady growth, with June sales of 11,700 units, a year-on-year increase of 116.9% but a month-on-month decrease of 20.5%. This marks the fourth consecutive month of sales exceeding 10,000 units [1] - Avita is accelerating its global market expansion, which is expected to enhance sales growth in the second half of the year [1] Group 2 - The company forecasts net profit attributable to shareholders for 2025-2027 to be 8.03 billion, 9.47 billion, and 11.31 billion yuan, respectively. The target price is set at 17.01 yuan, maintaining a buy rating based on a comparable company average PE valuation of 21 times for 2025 [1]