2 stories mentioning SHE:000625Updated 48d ago
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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.
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.)
