Changan Automobile (000625.SZ)'s net profit in the first half of the year fell sharply by 63% to 2,832 billion yuan, and investment income decreased 93.02% year on year

According to the Zhitong Finance App, Changan Automobile (000625.SZ) released its 2024 semi-annual report. The company's revenue was 76.723 billion yuan, an increase of 17.15% over the previous year. Net profit attributable to shareholders of listed companies was 2,832 billion yuan, a year-on-year decrease of 63.00%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was $1,169 million, a year-on-year decrease of 5.89%. Basic earnings per share were $0.29. Investment income during the reporting period fell 93.02% from the same period last year to 351 million yuan, mainly due to the confirmed investment income impact of the merger and acquisition of Deep Blue Auto in the same period last year.

According to the announcement, in the first half of 2024, the company achieved sales volume of 1.334 million vehicles, an increase of 9.7% over the previous year, and the market share was rising steadily; the company's new energy and export sales performed well. Among them, 299,000 new energy vehicles of its own brand were sold, up 69.9% year on year, and the overseas sales volume of its own brand was 203,000 vehicles, an increase of 74.9% year on year. In the first half of the year, the company launched a variety of new energy products. Sales continued to rise since its launch; the UNI-Z was the first to use a new Blue Whale power system, and orders quickly exceeded 10,000; the super-extended range pickup Changan Hunter continued to lead the NEV pickup market since its launch.