Chongqing Changan Automobile Co.,Ltd. (000625.SZ) has released its annual report for 2025. During the reporting period, the company achieved operating revenue of 164 billion yuan, representing a year-on-year increase of 2.67%. Net profit attributable to shareholders of the listed company was 4.075 billion yuan, a decrease of 44.34% compared to the previous year. Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 2.795 billion yuan, an increase of 8.03% year-on-year. Basic earnings per share were 0.41 yuan. The company plans to distribute a cash dividend of 1.15 yuan per 10 shares (before tax) to all shareholders.
For 2026, Changan Automobile will focus on three core strategies: achieving comprehensive market coverage in new energy vehicles, upgrading its classic internal combustion engine powertrains, and accelerating its global layout. The company plans to launch more than 10 new and refreshed models throughout the year to further consolidate its market position.
1. **Multi-brand Synergy in New Energy to Strengthen Market Position.** In 2026, focusing on enhancing user experience, the company will introduce several upgraded products including the Changan Qiyuan Q06, the new Deepal S05, and the Avatr 06T. The all-new Changan Qiyuan Q06 is positioned as Changan's most aesthetically pleasing SUV, boasting superior styling, class-leading space utilization and ride comfort, and equipped with Changan's latest generation of intelligent technology to lead its segment. The new Deepal S05 will receive upgrades in its powertrain, cabin, and comfort features to expand its lineup, maintain its market position, and attract a broader target audience. The Avatr 06T will expand its offerings with a differentiated shooting brake version, positioned as an intelligent, beautiful, and luxurious sports sedan, with upgrades to its interior space and powertrain to attract a wider user base with two body styles. Additionally, Avatr will launch the first strategic model of its second-generation products, a new flagship large six-seater SUV aimed at expanding into the mid-to-high-end family market to meet the aesthetic and functional needs of larger families, thereby further elevating the brand's positioning.
2. **Steady Progress for Internal Combustion Vehicles, Parallel Development with Electrification to Solidify the Foundation.** In 2026, the Changan引力 (Yinli) series will continue to focus on the core markets and users for internal combustion engine vehicles, which represent the largest volume segment. Core models such as the CS75 PLUS, CS55 PLUS, and the Eado will receive comprehensive upgrades, including refreshes and enhancements in electrification and intelligent technology. This strategy aims for a steady transition towards electrification and intelligence, building a new ecosystem for mobility and fulfilling users' aspirations for daily travel.
3. **Achieving Breakthroughs in Globalization to Ensure Implementation of the 'Haina Baichuan' Plan.** In terms of product globalization, Changan Automobile is shifting from a primarily domestic focus with overseas outreach to an integrated global layout. In 2026, several products including the fourth-generation Eado, the all-new Changan Qiyuan Q05, the Deepal S09, and the Avatr 06 will be launched in various overseas regions, covering markets in Europe, Southeast Asia, the Middle East and Africa, and Central and South America, thereby establishing a new pattern of global development.
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