Di Yi Cai Jing·2026-01-20 06:16Group 1 - Beiqi Blue Valley has accumulated losses exceeding 33.8 billion yuan over the past six years, with an expected net profit loss of 4.35 billion to 4.65 billion yuan for 2025, marking the lowest loss since 2020 [1] - The company anticipates a sales volume of nearly 210,000 units in 2025, representing a year-on-year growth of 84.06%, but remains in a loss phase due to insufficient scale effects [1] - The main growth driver for Beiqi Blue Valley in the previous year was the A0-class electric vehicle, the Extreme Fox T1, which sold over 56,000 units in four months, although its profit contribution is limited [1] Group 2 - JAC Motors is also expected to incur significant losses in 2025, with an estimated net profit loss of around 1.68 billion yuan, a reduction of approximately 100 million yuan compared to the previous year [2] - The losses for JAC Motors are partly attributed to a decline in export business and a confirmed investment loss of about 1.08 billion yuan from its stake in Volkswagen Anhui, which is projected to lose over 4.3 billion yuan in 2025 [2] - Volkswagen Anhui has faced substantial losses, with nearly 10 billion yuan in losses over the past two years, and plans to launch four new models in 2026, although achieving sales recovery may be challenging [2] Group 3 - The future performance improvement for JAC Motors may hinge on the launch of the Zun Jie product line, with expectations for a flagship MPV and SUV model in 2026 [3] - Among A-share listed passenger car companies, SAIC Motor is the only one expected to report a positive net profit for 2025, with an estimated profit of 9 to 11 billion yuan, reflecting a year-on-year growth of 438% to 558% [3] - The profit growth for SAIC Motor is driven by a 12.32% increase in wholesale vehicle sales and a reduction in net profit due to asset impairment provisions from its joint ventures [3]