CHANGAN AUTOMOBILE-B(SZ:000625) 汽车琰究·2025-08-06 06:45Core Viewpoint - The company is experiencing significant growth in wholesale sales, particularly in its self-owned brands and new energy vehicles, while also undergoing structural changes to enhance operational efficiency and international competitiveness [2][5][6]. Group 1: Sales Performance - In July, the company's wholesale sales reached 210,000 units, a year-on-year increase of 23.4% but a month-on-month decrease of 10.4% [2]. - Cumulatively, from January to July, total wholesale sales amounted to 1.566 million units, reflecting a year-on-year growth of 4.1% [2]. - Self-owned brand sales in July were 178,000 units, up 27.7% year-on-year but down 9.0% month-on-month [3]. - From January to July, cumulative sales for self-owned brands reached 1.328 million units, a year-on-year increase of 5.4% [3]. Group 2: New Energy Vehicle Growth - The company reported a significant increase in new energy vehicle sales, with July sales at 80,000 units, marking a year-on-year growth of 74.1% [3]. - Cumulatively, from January to July, new energy vehicle sales totaled 532,000 units, up 52.3% year-on-year [3]. - The Deep Blue brand sold 27,000 units in July, a year-on-year increase of 62.5% [3]. - The Avita brand achieved sales of 10,062 units in July, reflecting a remarkable year-on-year growth of 177.6% [3]. Group 3: Strategic Developments - The establishment of the new China Changan Automobile Group aims to deepen resource integration and enhance operational efficiency, with a focus on becoming a world-class automotive group with core independent technologies [5]. - The group plans to launch new models, including the Deep Blue L06 and others, to accelerate the transition to electric vehicles while maintaining a strong fuel vehicle base [3][4]. - By 2025, the group aims for total sales of 3 million vehicles, with 1 million being new energy vehicles [3]. Group 4: Financial Projections - The company maintains a positive outlook on its electric and intelligent transformation, projecting revenues of 189.6 billion, 209.5 billion, and 233.5 billion yuan for 2025, 2026, and 2027 respectively [6]. - Expected net profits attributable to the parent company are forecasted at 8.87 billion, 10.76 billion, and 12.72 billion yuan for the same years [6].