CHANGAN AUTOMOBILE-B(SZ:000625) Guo Ji Jin Rong Bao·2025-10-29 06:10Core Viewpoint - A fire broke out at a Changan Qiyuan 4S dealership in Fuyang, Anhui, destroying over 20 new cars, with no casualties reported. The cause of the fire remains unknown as of the latest update [1][5]. Group 1: Incident Details - The fire occurred around 3 AM on October 26, first detected by nearby residents. Videos show flames and smoke engulfing the building, with the fire taking several hours to extinguish after firefighters arrived [4]. - The dealership's structure suffered severe damage, with only the car shells remaining and the steel framework twisted. This location has a history of automotive dealership fires, with a previous incident in 2022 attributed to poor fire safety management [4]. Group 2: Company Performance - Changan Qiyuan, a new energy brand under Changan Automobile, was launched in August 2023. It targets the mid-to-low-end market and has seen significant sales growth, with September deliveries reaching 41,200 units, a 79% year-on-year increase and a 25% month-on-month increase [4][6]. - Overall, Changan Automobile reported a revenue of 114.93 billion yuan for the first nine months of 2025, a 3.6% increase year-on-year, but a net profit decline of 14.7%, indicating a "revenue growth without profit increase" situation [6]. Group 3: Market Impact - The fire's impact on consumer trust in the Changan brand is under scrutiny, particularly regarding the safety of new energy vehicles. The market is awaiting an official statement from Changan regarding the fire and its implications [8].