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SHE:000625

5 stories mentioning SHE:000625Updated 10d ago

Every FINWIRES story that references SHE:000625, newest first.

Asia

Changan Automobile Scraps Capital Increase Plan for Subsidiary

Chongqing Changan Automobile (SHE:000625, SHE:200625) terminated plans to increase the capital of a subsidiary, according to a Shenzhen bourse filing on Saturday.The Chinese automobile maker's A shares slipped 1% and B shares fell 2% during Monday's morning trade.The company, along with Chenzhi Automotive Technology Group, previously planned to raise Chongqing Changan Technology's capital by 3 billion yuan.The termination was decided to accelerate the process of market-oriented financing and further expedite the company's development, the filing said.

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Asia

Changan Automobile's H1 Profit to Drop Up to 68%

Chongqing Changan Automobile (SHE:000625, SHE:200625) expects its net profit attributable to shareholders in the first half to drop by between 58% and 68% year on year to a range of 740 million yuan to 970 million yuan, according to a Shenzhen bourse filing on Wednesday.The attributable profit a year earlier was 2.29 billion yuan.Earnings per share is expected to fall to between 0.07 yuan and 0.10 yuan from 0.23 yuan in the previous year.The Chinese automobile maker's A shares jumped 3% at the close.

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Asia

Chinese Passenger Car Sales Fall 23% in June

Chinese retail sales of passenger cars slid 23.2% to 1.6 million units in June, the China Passenger Car Association said in a Wednesday press release.New energy vehicle sales fell 9% during the month, with domestic brands slipping 11%, mainstream joint venture-made NEVs plunging 45%, and luxury brands declining 11%.Retail sales of gas-powered vehicles plunged 39% year over year, with pure gasoline vehicle sales falling 42% and conventional hybrids slipping 7%.Vehicle exports surged 82% to 877,000 units in June, with 56.9% of the figure coming from NEVs.Production fell 2.7% year over year to 2.3 million units.China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333), Chery Automobile (HKG:9973), and FAW Group (SHE:000800).Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).

Shanghai Composite^SZSEHKG:0489HKG:1211HKG:1958HKG:2015HKG:2238HKG:9866HKG:9868HKG:9973SGX:NIOSHA:600104SHA:601238SHE:000625SHE:000800SHE:002594
Asia

Changan Automobile Q1 Profit Down 74%, Revenue Slips 4%

Chongqing Changan Automobile (SHE:000625) posted first-quarter attributable net profit of 350.5 million yuan, down 74% from 1.35 billion yuan the previous year.Earnings per share fell to 0.04 yuan from 0.14 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue declined 4.3% year over year to 32.7 billion yuan from 34.2 billion yuan.Shares of the automobile company were down 1% in recent trade.

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Asia

Market Chatter: Chongqing Changan Automobile Targets Top-5 Global Ranking by 2030

Chongqing Changan Automobile (SHE:000625) disclosed its 20230 roadmap, targeting global sales of 5 million vehicles, with electric vehicles and plug-in hybrids hitting 60%, Reuters reported Tuesday.The state-owned automaker sold 2.9 million vehicles in 2025, ranking 13th globally, according to the report.Based on 2025 figures, hitting 5 million in sales would raise Chongqing Changan Automobile to top five, Reuters wrote.2030 overseas sales target is between 1.4 million units and 1.8 million units ​by 2030, up from 2025 overseas sales of 638,000 vehicles, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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