Quanfeng Motors: It is expected to have a net loss of 290 million to 340 million yuan in 2025.

Quanfeng Automobile announced that it is expected to achieve a net profit attributable to the owners of the parent company of -2.9 billion yuan to -3.4 billion yuan in 2025, while the net profit attributable to the owners of the parent company in the same period last year was -5.17 billion yuan. In 2025, the company's sales revenue is expected to continue growing year-on-year, benefiting from the continuous increase in market penetration of the new energy vehicle industry and the volume of customer appointment vehicles. However, the market competition in China's new energy vehicle industry is intensifying, dragging down the company's product gross margin. In addition, factors such as large capital investment in the early stage have had a comprehensive impact, leading to the company still being in a deficit.