Cui Dongshu: Anti-inner cycle continues to advance, the profit margin of the automotive industry improved to 4.8% from January to June.

Wisdom Finance APP learned that Cui Dongshu, the Secretary General of the China Passenger Car Association, wrote that the effects of the "Two New" policy continue to be apparent. From January to June, various regions and relevant departments have made full use of the long-term special national bond funds to continue to promote the effectiveness of the "Two New" policy, with the effect of the policy of replacing old with new consumer goods being significant in expanding coverage, driving the benefits of the industries and chain industries where related products are located. Under the stimulus of the automobile replacement and subsidy policy, the automobile industry produced 15.57 million vehicles in the first half of 2025, an increase of 11% year-on-year; the industry's revenue in the first half of 2025 was 5.0917 trillion yuan, an increase of 8% year-on-year; costs were 4.478 trillion yuan, an increase of 9% year-on-year; profits were 244.4 billion yuan, an increase of 3.6% year-on-year; the profit margin of the automotive industry was 4.8%, which is still lower than the average level of 5.7% for downstream industrial enterprises, but higher than the 4.3% profit margin from January to May. Among them, the industry's revenue in June was 963.4 billion yuan, an increase of 12% year-on-year; costs were 842.9 billion yuan, an increase of 12% year-on-year; profits were 66.3 billion yuan, an increase of 97% year-on-year; the profit margin of the automotive industry was 6.9%, a significant increase from May, and a big increase compared to June last year at 3.8%.