Changan Automobile’s 2024 Q1 revenue is 37.023 billion yuan: a year-on-year increase of 7.14%

Changan Automobile announced today that revenue in the first quarter of 2024 was 37.023 billion yuan, a year-on-year increase of 7.14%; net profit attributable to the parent company was 1.158 billion yuan, a year-on-year decrease of 83.39%; basic earnings per share was 0.12 yuan.

According to previously announced production and sales reports, Changan Automobile’s cumulative sales from January to March were 692,100 vehicles, a year-on-year increase of 13.87%.

From January to March this year, Changan Automobile’s self-owned brand sales were 588,800 units (accounting for 85.07% of the total), a year-on-year increase of 13.57%; self-owned passenger car sales were 437,300 units, a year-on-year increase of 10.43%; self-owned brands overseas Sales volume was 109,000 units, a year-on-year increase of 80.10%.

Data of each brand:

Chongqing Changan sold 110,604 vehicles in March, a year-on-year decrease of 6.14%; the cumulative sales from January to March were 310,675 vehicles, a year-on-year increase of 3.65%.

Hebei Changan sold 17,220 vehicles in March, a year-on-year increase of 57.22%; cumulative sales from January to March were 33,187 vehicles, a year-on-year increase of 33.28%.

Hefei Changan sold 30,155 vehicles in March, a year-on-year increase of 50.41%; cumulative sales from January to March were 84,556 vehicles, a year-on-year increase of 59.16%.

Changan Ford sold 21,475 vehicles in March, a year-on-year increase of 38.83%; cumulative sales from January to March were 55,603 vehicles, a year-on-year increase of 24.09%.

Changan Mazda sold 6,132 vehicles in March, a year-on-year increase of 1.98%; cumulative sales from January to March were 19,296 vehicles, a year-on-year increase of 38.82%.

Other brands sold 73,456 vehicles in March, a year-on-year decrease of 1.63%; the cumulative sales from January to March were 188,796 vehicles, a year-on-year increase of 10.20%.

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