BAIC MOTOR (01958) announced its annual performance, with a net profit attributable to equity shareholders of 1.23 billion yuan, a decrease of 87.16% year-on-year.

BAIC MOTOR (01958) announced its annual performance for the year ending December 31, 2025. The group achieved revenue of RMB 164.047 billion, a decrease of 14.78% year-on-year; annual profit attributable to owners of the parent company was RMB 123 million, a decrease of 87.16% year-on-year; earnings per share were RMB 0.02. The announcement stated that the decrease in revenue was mainly due to the impact of price competition and changes in sales volume. In 2025, the group accelerated the implementation of the three-year leapfrog action strategy. Actively responding to changes in the market situation, seizing opportunities for industry development, focusing on the "domestic and international" dual strategic markets, focusing on star product portfolios, continuously optimizing operational efficiency, and steadily improving business quality. Adhering to multiple technology routes, the product portfolio covers various categories such as fuel, pure electric, hybrid, range extender, and off-road. During the reporting period, Beijing brand, Beijing Benz, Beijing Hyundai, and Fujian Benz achieved a total wholesale sales volume of 868,000 units. Firmly adhering to the direction of new energy development, focusing on the different needs of segmented market users, continuously improving the new energy product matrix, and continuously enhancing product market recognition and core competitiveness. During the reporting period, after the launch of the Beijing brand BJ40 range extender version, it continued to lead the square box track, achieving a dual push in off-road and new energy technologies. In the future, under the dual blessing of new energy and intelligent technology, Beijing brand models will achieve a complete new iteration. Beijing Benz continues to improve its "oil-electric dual-line" product lineup. The first model based on the Mercedes-Benz modular architecture (MMA) - the all-new pure electric long-wheelbase CLA has been launched, further expanding the pure electric lineup. In the future, Beijing Benz will continue to launch more new energy products to maintain competitiveness in the domestic luxury car market. Beijing Hyundai launched its first pure electric SUV - the EO Yio, starting a new journey in the comprehensive layout of the new energy track. Fujian Benz has fully launched the construction of the Mercedes-Benz new energy commercial vehicle platform (VAN.EA) in China, steadily advancing the development of a brand new luxury pure electric MPV project based on this platform, and the product portfolio will usher in a new upgrade and breakthrough.