[年报]长 安Ｂ(200625):2025年年度报告摘要（英文版）
|
时间：2026年04月10日 19:21:03 中财网 |
|
原标题:长 安Ｂ:2025年年度报告摘要（英文版）
SecuritiesCode:000625(200625) SecuritiesAbbreviation:ChanganAutomobile(ChanganB) BulletinNo.:2026-31
ChongqingChanganAutomobileCo.,Ltd.
Summaryof2025AnnualReport
I.ImportantNotice
Thissummarycomesfromthe2025annualreport.IfinvestorswanttounderstandtheCompany'soperatingresults,financial
conditionandfuturedevelopmentplans,theyshouldcarefullyreadtheannualreportpublishedontheShenzhenStockExchangeand
othersitesassignedbyChinaSecuritiesRegulatoryCommission.
Alldirectorsattendedtheboardmeetingreviewingthisannualreportinperson,exceptforthefollowingdirectors:
| Nameofthedirectorsabsent | Positions | Reasonsfortheabsence | NameoftheTrustees |
| JiaLishan | Director | Reasonforwork | DengWei |
Non-standardAuditOpinionAlert
□Applicable√NotApplicable
Theproposalforprofitdistributionorcapitalizationofreservesforthereportingperiod,asdeliberatedbytheBoardofDirectors.
√Applicable□NotApplicable
Whetherconvertingcapitalreserveintosharecapitalornot
□Yes√No
TheprofitdistributionproposalapprovedbytheBoardofDirectorsatthismeetingisasfollows:basedonthetotalsharecapitalof
9,912,924,112shares,acashdividendof1.15RMBper10shares(inclusiveoftax)shallbedistributedtoallshareholders.No
capitalizationofreservesshallbeusedtoincreasethesharecapital.Theproposeddistributionplanforpreferredstockdividendsforthecurrentreportingperiod,asapprovedbytheBoardofDirectors.
□Applicable√NotApplicable
II.CompanyProfile
1.BasicInformation
| StockAbbreviation | ChanganAutomobile,ChanganB | Stocktickersymbol | 000625,200625 |
| StockExchange | ShenzhenStockExchange | | |
| ContactInformation | CompanySecretary | CorporateSecretary | |
| FullName | NiErke | JieZhonghua | |
| OfficeAddress | Building T2, No. 2, Financial City, No. 61
Dongshengmen Road, Jiangbei District,
Chongqing | Building T2, No. 2, Financial City, No. 61
Dongshengmen Road, Jiangbei District,
Chongqing | |
| Facsimile | 023-67870261 | 023-67870261 | |
| Telephone | 023-67594008 | 023-67594008 | |
| E-mailbox | cazqc@changan.com.cn | jiezh@changan.com.cn |
2.TheIntroductionofmainbusinessandproductduringthereportingperiodTheCompanyoperatesintheautomobilemanufacturingindustry,withitsmainbusinessescoveringtheR&D,manufacturing
andsalesofcompletevehiclesaswellastheR&Dandproductionofengines.TheCompanyisactivelydevelopingkeyEVtechnologiesrepresentedbybatteries,motorsandelectriccontrolsystems,intelligenttechnologiessuchasintelligentcockpitand
pilot,aswellasnewbusinessesincludingautomotivelifestyleservices,newmarketingandbatteryswappingservices,accelerating
explorationinindustrialfinanceandusedcars,andmakingforward-lookingmovesinemergingfieldssuchasembodiedintelligence
andlow-altitudeeconomy,boostingthetransformationofChanganAutomobileintoanintelligentlow-carbonmobilitytechnology
company.
Adheringtoitsmissiontoleadsustainablemobilityandbenefithumanlife,ChanganAutomobilehasbeenfirmlyadvancingthe
ThirdStrategicTransformationPlan,acceleratingthetransformationintoanintelligentlow-carbonmobilitytechnologycompanyand
aworld-classautomotivebrand.TheCompanyhasbeenactivelydevelopingintelligentconnectedNEVsandestablishedthreebrands:
CHANGAN,DEEPALandAVATR.Amongthem,theCHANGANbrandhasthreeseries:CHANGAN,CHANGANNEVOandCHANGANLCV,formingadifferentiatedbrandmatrix.TheCompanyalsomaintainsjointventurebrandssuchasChanganFord
andChanganMazda.Inthetraditionalfuelvehiclesector,ChanganAutomobilelaunchedaseriesofclassicproprietarymodels,
includingtheCSseries,EADOseriesandtheUNIseries,andjointventuremodels,amongwhichanumberofwell-knownproducts
includetheall-newMondeo,theall-newNautilus,CX-5andAxela.IntheNEVsector,theCompanyrolledoutanumberofnew
energymodelsincludingCHANGANNEVOQ07,CHANGANNEVOA07,CHANGANNEVOA06,theall-newCHANGANNEVOQ05,DEEPALS09,DEEPALS07,DEEPALL06,DEEPALS05,DEEPALG318,AVATR12,AVATR11,AVATR07,AVATR06,MAZDAEZ-60,CHANGANV919,HUNTERandLUMIN.ItunderscoresChangan'scommitmenttodeliveringoptimalproductsandservicesforitscustomers.
In2025,confrontedwithacomplex,fluctuatingdomesticandinternationaleconomicenvironment,ChanganAutomobilefully,
accuratelyandcomprehensivelyimplementedanewdevelopmentphilosophytofocusonthegoalof"buildingaworld-class
automotivebrand,"tofollowthroughtheThirdStrategicTransformationPlan,andtoaccelerateinbuildingnewadvantagesto
supportthehigh-qualitydevelopmentoftheCompany.Continuousbreakthroughshavebeenmadewiththe"ThreeMajorPlans,"
namelytheGreenPlanforNEVs,theIntelligentPlanforintelligenttransformation,andtheVastOceanPlanforglobalization,
effectively addressing the challenges from market fluctuations, industrial upgrading and technological disruptions while
demonstratingstrongresilienceandvitality.TheCompanyachievedsteadygrowthinitsindependentoperationsandpositivegrowth,
fortwoconsecutiveyears,inthejointventurebusinesssegment,boastingahistoricleapinNEVsalesandarecordhighinexport
volume,gainingsteadymomentum.In2025,ChanganAutomobileachievedanannualsalesvolumeof2.913millionvehicles,anew
recordoverthepastnineyears,withayear-on-yeargrowthof8.5%andpositivegrowthforsixconsecutiveyears.TheCompany's
NEVbusinessunit,inparticular,achievedamilestonewithannualsalesexceeding1.11millionvehicles,ayear-on-yeargrowthof
51.1%.ChanganAutomobile'soverseasmarketcontinuedtomaintainrapidgrowth,withanannualsalesvolumeof637,000vehicles,
ayear-on-yeargrowthof18.9%.
3.MajorAccountingDataandFinancialIndicators
(1)Mjaoraccountingdataandfinancialindicatorsforlast3years
Doesthecompanyneedtomakeretroactiveadjustmentsorrestateprior-yearaccountingdata?□Yes√No
Unit:RMB
| | 31December2025 | 31December2024 | YoYchange(%) | 31December2023 |
| TotalAssets | 202,961,073,175.76 | 208,168,160,960.86 | -2.50% | 190,171,127,138.27 |
| Net assets attributable to
shareholders of the listed
company | 77,336,177,858.02 | 76,576,224,624.99 | 0.99% | 71,853,119,985.49 |
| | 2025 | 2024 | Year-over-yearchange | 2023 |
| OperatingRevenue | 163,999,803,875.87 | 159,733,034,213.25 | 2.67% | 151,297,706,646.97 |
| Net profit attributable to
shareholders of the listed
company | 4,075,223,181.54 | 7,321,363,897.24 | -44.33% | 11,327,463,013.15 |
| Net profit attributable to
shareholders of the listed
company, excluding
non-recurring gains and
losses. | 2,795,025,255.28 | 2,587,271,652.90 | 8.03% | 3,781,846,729.11 |
| Net cash flow from
operatingactivities | 1,835,673,358.56 | 4,849,398,813.14 | -62.15% | 19,861,466,237.56 |
| Basic earnings per share
(CNY/share) | 0.41 | 0.74 | -44.59% | 1.15 |
| Diluted Earnings Per
Share(CNY/share) | 0.41 | 0.74 | -44.59% | 1.13 |
| Return on Weighted
AverageNetAssets | 5.25% | 9.69% | -4.44% | 16.55% |
(2)KeyFinancialIndexesof2024byQuarter
Unit:RMB
| | FirstQuarter(Q1) | SecondQuarter | ThirdQuarter(Q3) | FourthQuarter(Q4) |
| OperatingRevenue | 34,160,587,096.72 | 38,530,723,290.36 | 42,236,176,229.90 | 49,072,317,258.89 |
| Netprofitattributableto
shareholdersofthecompany | 1,352,699,415.80 | 938,511,838.87 | 764,004,922.30 | 1,020,007,004.57 |
| Netprofitattributableto
shareholdersoftheCompanyafter
deductingnon-recurringgainsand
losses | 783,358,022.64 | 693,348,492.31 | 541,594,337.92 | 776,724,402.41 |
| Netcashflowfromoperating
activities | -3,500,712,348.16 | -5,106,484,442.11 | 10,162,003,839.52 | 280,866,309.31 |
Whethertherearesignificantdifferencesbetweentheabove-mentionedfinancialindexesoritstotalnumberandtherelevant
financialindexesdisclosedintheCompany’squarterlyreportandsemi-annualreport□Yes√No
4.Shareholdingandshareholdersofthecompany
(1)Numberofcommonshareholdersandpreferredshareholderswhosevotingrightsrestoredandthetop10shareholdersofthecompany
Unit:Shares
| Attheendofthereportperiod,thetotal
numberofshareholders | 608,316 | Numberof
ordinary
shareholders
atthe | 607,137 | Numberof
shareholders
holding
preference | 0 | Numberof
shareholdersholding
preferenceshareswith
restoredvotingrights | 0 |
| | | month-end
priortothe
disclosure
dateofthis
Report | | shareswith
restoredvoting
rightsattheend
ofthereporting
period | | atthemonth-endprior
tothedisclosuredate
ofthisReport | |
| Shareholdersholdingmorethan5%oftheshares,ortop10shareholders(Excludesshareslentthroughrefinancing) | | | | | | | |
| ShareholderName(s) | Natureof
Shareholders | Shareholdingratio | Numberof
sharesheldat
theendofthe
reporting
period. | Numberof
sharesheld
subjectto
restricted
trading
conditions. | Pledge,marking,or
freezingstatus | | |
| | | | | | ShareStatus | Quantity | |
| ChenzhiAutomotiveTechnologyGroup
Co.,Ltd. | State-ownedlegal
person | 17.99% | 1,783,090,143 | | Notpledged,
labeledorfrozen | | |
| ChinaChanganAutomobileGroupCo.,Ltd. | State-ownedlegal
person | 14.23% | 1,410,747,155 | | | | |
| | | | | | | | |
| SouthernIndustryAssetManagementCo.,
Ltd. | State-ownedlegal
person | 4.60% | 456,253,257 | | | | |
| | | | | | | | |
| ChinaSecuritiesFinanceCo.,Ltd. | Domesticgeneral
legalperson | 4.30% | 426,362,905 | | | | |
| | | | | | | | |
| UnitedProsperityInvestmentCo.,Ltd. | Foreignlegal
person | 2.85% | 282,874,877 | | | | |
| | | | | | | | |
| HongKongSecuritiesClearingCo.,Ltd. | Foreignlegal
person | 1.00% | 98,795,958 | | | | |
| | | | | | | | |
| IndustrialandCommercialBankofChina
Limited–Huatai-PineBridgeCSI300
Exchange-TradedOpen-EndedIndexFund | Mutualfunds,
wealth
management
products,etc. | 0.83% | 82,008,626 | | | | |
| | | | | | | | |
| ChinaConstructionBankCo.,Ltd.–E
FundCSI300Exchange-Traded
Open-EndedIndexFund(Initiated) | Mutualfunds,
wealth
management
products,etc. | 0.59% | 58,482,817 | | | | |
| | | | | | | | |
| ChinaReformInvestmentHoldingsLimited | State-ownedlegal
person | 0.48% | 47,390,600 | | | | |
| | | | | | | | |
| IndustrialandCommercialBankofChina
Limited–HuaxiaCSI300
Exchange-TradedOpen-EndedIndexFund | Mutualfunds,
wealth
management
products,etc. | 0.45% | 44,621,226 | | | | |
| | | | | | | | |
| Explanationoftheaforementionedshareholderrelationshipsor
concertedactions. | Amongthetoptenshareholders,ChinaChanganAutomobileGroupCo.,Ltd.(the
indirectcontrollingshareholder),itswholly-ownedsubsidiaryChenzhiAutomotive
TechnologyGroupCo.,Ltd.,andChenzhiAutomotiveTechnologyGroupCo.,Ltd.'s
wholly-ownedsubsidiaryUnitedProsperityInvestmentCo.,Ltd.constitute"actingin
concert"partiesasdefinedunderthe"AdministrativeMeasuresfortheAcquisitionof
ListedCompanies." | | | | | | |
| DescriptionofShareholdersParticipatinginMarginTrading
andShortSellingBusiness(ifapplicable) | None |
Participationofshareholdersholdingmorethan5%ofshares,thetop10shareholders,andthetop10shareholdersoftradable
non-restrictedsharesinthesecuritieslendingbusinessviathesecuritiesfinancingandlendingplatform.
□Applicable√NotApplicable
Changesinthetop10shareholdersandthetop10shareholdersholdingtradableshareswithoutlock-uprestrictionsareattributableto
thelendingandreturnofsharesunderthesecuritieslendingandborrowing(SLB)program.
□Applicable√Notapplicable
(2)TotalnumberofPreferredShareholdersandtop10Preferredshareholders
□Applicable√NotApplicable
Duringthereportingperiod,theCompanyheldnosharesofpreferredstock.
(3)RelationshipamongtheCompanyanditsControllingShareholders:5.CorporateBonds
√Applicable□NotApplicable
(1)BasicInformationoftheCorporateBonds
| BondName | BondShort
Name | BondCode | Releasedate | MaturityDate | Outstandin
gBond
Balance(in
10,000 | Interest
rate |
| | | | | | RMB) | |
| Chongqing Changan Automobile Co., Ltd.
2022 Public Offering of Technology
InnovationCorporateBondsforProfessional
Investors(Tranche1) | 2022
ChanganK1 | 148147.SZ | December19,
2022 | December20,
2027 | 100,000 | 3.00% |
| Repaymentofprincipalandinterestoncorporatebondsduring
thereportingperiod. | During the reporting period, the Company fulfilled its interest payment
obligationsonschedule. | | | | | |
(2)Latesttrackingratingandratingchangesofcorporatebonds
OnJune10,2025,LianheCreditRatingCo.,Ltd.issuedthe"2025Follow-upRatingReportonthePublicIssuanceofCorporate
BondsbyChongqingChanganAutomobileCo.,Ltd."(DocumentNo.Lianhe[2025]4136).Theratingconclusionconfirmsthe
maintenanceofChongqingChanganAutomobileCo.,Ltd.'slong-termissuercreditratingatAAA,thecreditratingof"22Changan
K1"atAAA,withastableratingoutlook.
(3)TheMajorAccountingDataandtheFinancialIndicatorsoftheRecent2YearsoftheCompanyupthePeriod-end
Unit:10,000RMB
| Items | 2025 | 2024 | Year-over-yearchange |
| Debt-to-AssetRatio | 59.61% | 62.01% | -2.40% |
| Net profit after deducting
non-recurring gains and
losses | 279,502.53 | 258,727.17 | 8.03% |
| EBITDA-to-TotalDebtRatio | 8.41% | 9.75% | -1.34% |
| InterestCoverageRatio | 13.65 | 49.25 | -72.28% |
III.ImportantMatters
None.
LegalRepresentative:ZhuHuarong
BoardofDirectorsof
ChongqingChanganAutomobileCo.,Ltd.
11April.2026
中财网
