CHANGAN AUTOMOBILE-B(000625)2024-09-23 11:45Group 1: Product Launches and Innovations - The company plans to launch multiple new products in the upcoming months to optimize its product supply structure [1] - The Deep Blue L07 was officially launched on September 20, 2024, with a starting price of CNY 151,900, featuring a range of 300 km in pure electric mode and a fuel consumption as low as 3.94 L/100 km [3] - The Avita 07 and other models are set to be launched by the end of September 2024, with pre-orders already initiated [1] Group 2: Sales Performance and Financial Growth - In Q2 2024, the company sold 642,000 vehicles, achieving a revenue of CNY 39.7 billion and a net profit attributable to shareholders of CNY 1.67 billion, marking significant growth [2] - The increase in revenue and profit is attributed to a higher sales structure of high-value products and cost reduction initiatives [2] Group 3: International Expansion and Market Strategy - From January to August 2024, the company's overseas sales reached 257,000 vehicles, a year-on-year increase of 66.4%, and it was recognized as one of the BrandZ 2024 Top 50 Globalization Brands [2] - The company is expanding its global footprint with a "152" global development layout and has established five regional business units to enhance overseas market operations [2] Group 4: Infrastructure Development - The first overseas base, the "Thailand New Energy Base," is on track for production in Q1 2025, with plans for additional bases in South America and Europe under consideration [3]