DFAC(SH:600006) Ju Chao Zi Xun·2026-01-23 07:07Core Viewpoint - Dongfeng Motor Corporation is forecasting a significant net loss for the year 2025, with expected net profit attributable to shareholders ranging from -480 million to -390 million yuan, indicating a challenging financial outlook for the company [2]. Group 1: Financial Performance - The company reported a total profit of -233.97 million yuan for the year 2024, with a net profit attributable to shareholders of 29.16 million yuan, and a net profit of -689.96 million yuan after excluding non-recurring gains and losses [2]. - Basic earnings per share for the previous year were reported at 0.0146 yuan per share [2]. Group 2: Reasons for Performance Changes - The main reasons for the performance changes include intensified competition in the light commercial vehicle market, leading to sales pressure and a decline in overall gross margin [3]. - The company is in a critical transition period from traditional fuel to new energy, prompting adjustments in operational pace, marketing reforms, and increased channel support to reduce inventory and expand retail [3]. - The company has reassessed the collection of certain receivables due to extended payment cycles, resulting in additional provisions for credit impairment [3]. Group 3: Future Strategies - To overcome short-term adverse impacts, the company plans to increase investment in research and development in new energy and intelligent driving technologies, enhance channel construction and expansion, and build a customer-centric value marketing system [3]. - The impact of non-operating gains and losses on the net profit attributable to shareholders is expected to decrease in 2025 compared to the previous year, primarily due to a reduction in government subsidies received [3].