BAIC MOTOR (01958) expects its net profit attributable to the parent for the year 2025 to be approximately 110 million to 130 million yuan, a decrease of about 86.4% to 88.5% year-on-year.

BAIC MOTOR (01958) announced that it is expected to achieve a net profit attributable to equity holders of the company of approximately RMB 110 million to 130 million for the year ending on December 31, 2025, a decrease of about 86.4% to 88.5% compared to the same period in 2024. The company believes that due to the fierce competition in the automotive industry in 2025 and the accelerated transformation of the industry landscape, the group's annual car sales did not meet expectations. At the same time, in order to accelerate the implementation of the company's three-year leapfrog strategy, actively respond to market changes, seize industry development opportunities, enhance product competitiveness, the group has launched multiple new car models, upgraded the brand, accelerated channel construction and market investment. This comprehensive approach has led to a decline in net profit attributable to equity holders of the company compared to the previous year.