BAIC MOTOR (01958) released its interim results, with a net profit attributable to shareholders of 360 million yuan, a year-on-year decrease of 81.8%.

BAIC MOTOR (01958) announced its performance for the six months ending June 30, 2025, with revenue of 82.398 billion yuan, a year-on-year decrease of 12.6%; net profit attributable to equity holders of the company was 360 million yuan, a year-on-year decrease of 81.8%; basic earnings per share were 0.04 yuan. In the first half of 2025, the group focused on the "survival, reform, and development" policy, centered on the "domestic and international" dual strategic markets, focusing on star product portfolio, stable sales base, optimization of operational efficiency, and improvement of operational quality. During the reporting period, Beijing brand, Beijing Benz, Beijing Hyundai, and Fujian Benz achieved a total of 421,000 vehicle wholesale and 427,000 vehicle retail sales. The group's revenue in the first half of 2025 decreased year-on-year, mainly due to price competition and changes in sales volume. The group firmly adheres to the direction of new energy development, continuously improves the new energy product matrix, and promotes breakthroughs in new energy strategies. During the reporting period, the Beijing brand created the BJ30 and BJ40 extended range twin star products, achieving a dual journey of off-road and new energy technology; Beijing Benz continued to improve the "hybrid" product lineup, and based on the Mercedes-Benz modular architecture (MMA), launched the first model - the all-new pure electric long-wheelbase CLA at the 21st Shanghai International Automobile Industry Exhibition, further expanding the pure electric lineup; Beijing Hyundai's first pure electric SUV made its debut, marking a new milestone in the comprehensive layout of the new energy track; Fujian Benz has fully launched the construction of the Mercedes-Benz new energy commercial vehicle platform (VAN.EA) in China, steadily advancing the development of a new luxury pure electric MPV project based on this platform, the product matrix will undergo a new upgrade and leap forward.