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Changan Automobile, a newly established state-owned automobile enterprise, has submitted its third-quarter report.
On October 24, Chongqing Changan Automobile Co., Ltd. (Changan Automobile, 000625) announced that its operating income in the third quarter of 2025 was 42.236 billion yuan, a year-on-year increase of 23.36%; net profit attributable to shareholders of listed companies was 764 million yuan, a year-on-year increase of 2.13%; basic earnings per share was 0.08 yuan.
In the first three quarters, Changan Automobile achieved operating income of 114.927 billion yuan, a year-on-year increase of 3.58%; net profit attributable to shareholders of listed companies was 3.055 billion yuan, a year-on-year decrease of 14.66%; basic earnings per share was 0.31 yuan.
Changan Automobile sold 2,066,100 vehicles from January to September, a year-on-year increase of 8.46%. Sales of its own brands totaled 1,750,400, a year-on-year increase of 10.47%, while new energy vehicle sales totaled 724,200, a year-on-year increase of 59.72%.
On the same day, Changan Automobile also announced its intention to jointly establish Chongqing Changyu Xinhe Private Equity Investment Fund Partnership (Limited Partnership) with Chongqing Strategic Emerging Industries Equity Investment Fund Partnership (Limited Partnership), CCB Trust Co., Ltd., Anhe (Chongqing) Private Equity Investment Fund Management Co., Ltd., and Chongqing Yufu Capital Private Equity Investment Fund Management Co., Ltd. The partnership's total subscribed capital is 1.002 billion yuan, of which Changan Automobile will contribute 250 million yuan.
Changan Automobile introduced that the proposed fund will focus on intelligent projects in the automotive industry chain and Changan Automobile's strategic projects, taking into account new energy and advanced manufacturing; investing in projects in the start-up, growth and mature stages of the new energy vehicle industry chain and ecosystem, and exploring investment opportunities in mergers and acquisitions projects in this field.
Previously, Changan Automobile's parent company, China Changan Automobile Group, officially became the third central state-owned automobile enterprise.
On June 5th of this year, Changan Automobile announced that its parent company, China North Industries Group Corporation (CNOOC), had received a notice from the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, approving the spin-off of CNOOC. The auto business will be spun off into an independent central enterprise, with SASAC acting as the investor. SASAC will inject the equity of the spun-off CNOOC Group into China North Industries Group Corporation (NORINCO), in accordance with established procedures.
On July 27, China South Industries Group Corporation (NORINCO) and China Changan Automobile Group signed the "China South Industries Group Corporation (NORINCO) Separation Agreement." According to the agreement, the 14.23% stake in Changan Automobile and 100% of the equity in Chenzhi Automotive Technology Group, both directly held by NORINCO prior to the separation, will be transferred to China Changan Automobile Group.
In its third-quarter report, Changan Automobile also disclosed the latest progress of the above agreement: as of the date of disclosure of this announcement, China North Industries Group Corporation is actively handling the transfer registration procedures for approximately 1.411 billion shares of Changan Automobile held by it with China Securities Depository and Clearing Co., Ltd. and the equity change registration procedures for Chenzhi Group.
At the close of the market on the 24th, Changan Automobile rose 2.75% to close at 12.72 yuan per share.
