FAW Jiefang Group (000800) H2 2025 earnings summary

Executive summary

• Achieved revenue of ¥62.68 billion in 2025, up 6.99% year-over-year; net profit attributable to shareholders was ¥724.55 million, up 16.41% year-over-year.

• Sold 280,000 vehicles, up 11.5% year-over-year, with new energy vehicle sales surging 184.3% to 45,000 units.

• Overseas exports reached 60,000 units, up 5.2% year-over-year.

• Maintained leading position in domestic heavy truck market for the tenth consecutive year.

Financial highlights

• Operating income: ¥62.68 billion, up 6.99% year-over-year.

• Net profit attributable to shareholders: ¥724.55 million, up 16.41% year-over-year.

• Gross margin for commercial vehicles increased by 1.02 percentage points to 8.42%.

• Basic and diluted EPS: ¥0.1472, up 16.27% year-over-year.

• Net cash flow from operating activities: ¥2.69 billion, a significant turnaround from last year’s outflow.

• Total assets at year-end: ¥72.51 billion; net assets attributable to shareholders: ¥26.47 billion.

Outlook and guidance

• Plans to focus on expanding traditional and new energy heavy truck sales, grow light truck segment, and deepen overseas market penetration in 2026.

• Will accelerate intelligent vehicle and green transformation, aiming for further market share gains and profitability improvements.

• Identifies risks from intensified domestic and overseas competition, rapid new energy technology evolution, and global economic uncertainties.