Foton Motor: The Net profit forecast for 2025 is expected to increase by 1551%, reaching 1.33 billion yuan.

Foton Motor announced that it expects to achieve a net profit attributable to owners of the parent company of 1.33 billion yuan by 2025, an increase of about 12.5 billion yuan, an increase of approximately 1551% year-on-year; non-recurring net profit of 820 million yuan, turning losses into profits year-on-year. Net profit for the same period last year was 80.5428 million yuan, and non-recurring net profit was -213 million yuan. The main reason for the performance growth is the advancement of the "Three Full" strategy, seizing market opportunities, with a total sales volume of 650,000 units, an increase of 5.85% year-on-year; sales of new energy and overseas markets increased by 87.21% and 7.27% respectively; sales and after-sales services have become growth points; cost reduction and efficiency improvement have led to a decrease in expense ratio. Non-recurring gains and losses are approximately 510 million yuan, mainly from government subsidies.