There was no clear information in Changan's first quarter report.
Changan's net profit for the first quarter of 2024 was 1.158 billion yuan, down 83.39% year-on-year. In addition, the company achieved a total operating income of 37.023 billion yuan, an increase of 7.14% year-on-year. The data showed that Changan faced the challenge of a decline in net profit in the first quarter of 2024, despite an increase in total operating income. The specific reasons and influencing factors needed further investigation and analysis.
Chang 'an's 2023 first quarter report showed that the company achieved revenue of 34.556 billion yuan, down 0.06% year-on-year. The net profit of the parent company was 6.97 billion yuan, up 53.65% year-on-year. Despite the decline in revenue, net profit increased significantly, exceeding market expectations. Among them, the investment income mainly came from the acquisition of Deep Blue Car, which contributed to the company's performance growth. Chang 'an's financial performance was excellent, including gross profit margin, cash flow, and expense ratio. Although vehicle sales declined slightly, it was still better than the overall passenger car market. Overall, Chang 'an Automobile continued its good development momentum in the first quarter of 2023, with a substantial increase in net profit, demonstrating the momentum of healthy and sustainable development.
There was a difference in Changan's first quarter's net profit figures. According to different years and seasons, Changan's net profit increased and decreased. For example, in the first quarter of 2021, the net profit of Chang 'an was 720 million yuan, up 140.2% year-on-year. However, in the first quarter of 2024, Chang 'an's net profit fell by 83.39% to 1.158 billion yuan. According to the 2023 first quarter report, Changan's net profit was 1.481 billion yuan, down 34.75% year-on-year. Therefore, it was impossible to obtain the specific situation of Chang 'an's first quarter deduction of non-net profit.
According to the 2022 first quarter report disclosed by Chang 'an, Chang' an achieved a substantial increase in operating income and net profit. Operating income increased by 7.96% and net profit increased by 431.45% year-on-year. Such a profit performance was unexpected and attracted many optimistic expectations. One of the important reasons was that the shares of Avita Technology, a subsidiary of Chang 'an Automobile, had completed the capital increase and share expansion in the first quarter. In addition, Chang 'an had made great progress in the core technology and reliability of its products. The appearance design, interior configuration, and technological sense of the products had also been recognized by consumers. Chang 'an also restricted the behavior of dealers through the Companion Partner Program and provided strong after-sales service, attracting more consumers to choose Chang' an's products. In addition, Chang 'an Automobile continued to promote cost reduction and efficiency enhancement across the region, striving to reduce the adverse impact of rising raw material prices on operating results. In summary, the reasons for Changan's outstanding performance in the first quarter included the magical use of equity investment, the improvement of product technology, the improvement of after-sales service, and the promotion of cost reduction and efficiency enhancement.
Changan's small cars with a price of about 50,000 yuan included the Changan Lumin Commemorative Model, which was priced at 50,900 yuan and 57,900 yuan; Yuexiang's guide price was 49,900 - 67,900 yuan; Yidong DT's guide price was 52,900 - 80,900 yuan; and Changan's MCS15 was priced at 53,900 - 73,900 yuan. These models had their own characteristics. For example, the Changan Lumin had a brilliant sales volume in the market. The Yidong DT could provide a very rich configuration at a price of only about 80,000 yuan. The rear image, cruise control, rearview mirror heating electric adjustment, keyless entry, touch screen LCD central control panel, and so on were all available. The novel " Good Chang 'an " is equally exciting. Everyone is welcome to click and read it!
At present, the 22 models of Chang 'an cars that had been searched included Chang' an CCS55 Plus, Chang 'an Yidong Plus, and so on. Among them, the top version of Chang 'an CCS55 Plus was the limited edition of the second generation 1.5T ADC Storm Gray, while Chang' an Yidong Plus had a 1.6L luxury model. The novel " Good Chang 'an " is equally exciting. Everyone is welcome to click and read it!
Chang 'an Car had the following updates: - In terms of battery technology, Chang 'an Automobile and Tailan New Energy launched a diaphone-less solid-state lithium battery technology. Separatorless semi-solid batteries were planned to be tested in vehicles in 2026, and Separatorless all-solid batteries were planned to be mass-produced in 2027. This was a key step for Changan's Golden Bell Shield battery to enter the era of solid-state batteries. Changan would follow the new energy " Shangri-La " plan and accelerate the application of battery technology. - In terms of vehicle models, taking the 2024 Chang 'an XI-V as an example, the 1.5T premium sports version looked handsome, equipped with a 1.5T turbine engine matched with a 7-speed wet dual-clutch transmission, and the actual measurement was only about 7 seconds. The vehicle had a length of 4.72 meters, a width of 1.838 meters, and a wheelbase of 2.75 meters. It had a variety of features, including 19-inch wheels and a leather multi-function steering wheel. The official guide price was 123,900 yuan. In some areas, the bare car price was 103,900 yuan. In addition to the purchase tax and the necessary expenses such as license insurance, the new car landed at about 117,600 yuan. The novel " Good Chang 'an " is equally exciting. Everyone is welcome to click and read it!
There were many models in the Changan MC75 series. The following are some of the characteristics of the different models: ** 1. Chang 'an CCS75PHEV ** This was Chang 'an's first plug-in hybrid 4WD SUV. ** 2. The fourth generation of Changan's MC75 Plus** 1. ** Appearance ** - The design was inspired by the words "Light of the City, Lights of All Houses", and it had been greatly modified. The grill became smaller, and the headlights used a vertical headlights unit, integrated with LED driving lights and a narrow frameless grill, with an obvious glowing V-shaped logo in the middle. - The body of the car did not change much, and there were hidden door handles. The whole series uses 19-inch low wind resistance wheels. The length, width and height of the car body are 4770, 1910, 1705mm, the wheelbase is 2800mm, the wheelbase is 90cm longer than the previous generation, the rear end is wider and the tail light belt is composed of multiple independent parts. The design inspiration comes from the landmark buildings in Chongqing. 2. ** Cockpit ** - There were almost no physical buttons inside, and the gear shifting mechanism was equipped with a 10.25 + 14.6+12.3-inch three-way screen. The interior of the car was simple and stylish, with a strong sense of technology, but the black border between the screens was slightly wider. - There was a great improvement in the car console. The user interface design was simple, the menu logic was clear, and it could be controlled by voice. The normal functions could be found in the secondary menu. It was equipped with the Iflytek Spark AI model, which could tell stories and interact with each other. There were also a variety of scene modes such as rapid heating up, rapid cooling down, custom settings, etc. Through the T-Link mobile phone, it could realize the "cinema mode". - The entire car's seats were wrapped in NAPPA texture leather fabric. After the seat filling was replaced, it was more supportive. The front and rear seats had ventilation and heating functions. The co-driver seat also had zero-gravity seat mode, which could be controlled through voice, screen and physical buttons on the side of the seat. The ventilation, heating and massage functions were complete. ** 3. 2024 version of the MC75 for free ** 1. ** Model Description ** - It was positioned as a "new power SUV", bringing the driving experience from three dimensions: dynamic shape, strong power, and smart comfort. - The exterior had a black front face and 19-inch sports wheels. The interior was designed with red and black contrasting colors, and the seats had exquisite quilting technology. - In terms of power performance, it was equipped with the Blue Whale Power System, which had three major advantages: "strength,""cleanliness," and "quietness." "Strength" is reflected in the rare dual-outlet integrated exhaust Manifold + electronic control turbine supercharging, with a peak moment of 300N·m, etc."Clean" is reflected in the unique "AGILE agile" high-efficiency ultra-clean combustion system, etc."Quiet" is reflected in the use of a variety of advanced LVH technology to achieve idling deep-sea silence. - In terms of smart comfort, it had multiple auxiliary functions such as remote control, 360° high-definition panoramic view/driving recorder, cruise control, etc. The front and rear seats were wide, the rear seats could be completely flat, and the trunk could reach up to 1490L. 2. ** Model highlights ** - ** Refreshing Style **: Star Web's black front face is steady and imposing. The integrated design of the headlights and grill is like a mech's face. The 19-inch cyclone wheel hub is sharp. The red and black color contrast design, the new seat shape, and the exquisite quilting process highlight the gorgeous quality. The leather cover and the edge plating design echo the red interior. - ** Powerful Power **: The Blue Whale Power System has the advantages of strength, cleanliness, and quietness. It can achieve the strongest power of its class, ultra-low fuel consumption, and deep-sea silence. - ** Smart and comfortable **: Remote control of engine, door lock, air conditioner, etc.;360° HD panoramic view/driving recorder; steep slope descent control, automatic parking, electronic gear shift, cruise control, etc., spacious and comfortable driving space. ** IV. Chang 'an 3rd Generation MC75 Plus** Its official guidance price range was 121,900 - 149,900 yuan, and the fourth-generation CCS75 Plus had been improved and developed on this basis. In addition, the 2024 Chang 'an CCS75 Enjoy Version is a model that combines fashionable design, intelligent technology, powerful power and comfortable space, and has a high cost-performance ratio; Chang' an's fourth-generation CCS75 Plus 1.5T version comes standard with L2 intelligent cruise assistance, 540-degree panoramic image, 6 airbags, electric folding of exterior rearview mirror, Xunfei Spark AI model, T-Link handcar internet, scene magic cube, etc. There was also the Changan CCS75 (1.5T luxury version) that landed at more than 80,000 units. The 1.5T was equipped with a seven-speed dual clutch, a 2.7-meter wheelbase, and independent suspension at the front and rear. The configuration was sufficient. The novel "Good Chang 'an" is equally exciting. Everyone is welcome to click and read it!
Chang 'an had a variety of car models to recommend. The following were some representative models: ** 1. Changan Uni-V ** 1. ** Appearance ** - It adopted a slip-back style. The front face had an inverted ladder-shaped air intake grill with sharp headlights on both sides. The overall shape was handsome. The body length was 4.72 meters, the width was 1.838 meters, and the wheelbase was 2.75 meters. The appearance design was more in line with the aesthetic needs of modern young people. 2. ** Power and configuration ** - It was equipped with a 1.5T turbine engine, 188 horsepower, and a 7-speed wet dual-clutch transmission. The actual measurement was only about 7 seconds. - It had a rich configuration. It had 19-inch wheels, a leather multi-function steering wheel, a multi-media touch LCD screen, a 10.3-inch central control screen, a mobile phone map, 360 panoramic image plus front and rear radar, full-speed automatic cruise, an automatic driving assistance system, an electric induction trunk, an electric tail, 64-color ambience lights, and front electric seats. 3. ** Price * - Taking the 2024 1.5T luxury sports edition as an example, the official guide price was 123,900 yuan. In some areas, the bare car price could reach 103,900 yuan. Adding the purchase tax and the necessary expenses such as license insurance, the new car landed at about 117,600 yuan. ** 2. Chang 'an CCS75 Plus** 1. ** Appearance ** - It had a good appearance, good workmanship, and could attract the attention of consumers. 2. ** Power ** - For example, its 2.0T engine had 233 horsepower and a peak of 399 meters. It could reach the maximum moment at 1900 revolutions, and its power performance was outstanding. They also had the self-developed Blue Whale Power 1.4T and other power options. 3. ** Transmission ** - It was rare for a slightly higher price (about 120,000 yuan) model to be equipped with an 8AT transmission. 4. ** configuration ** - It had a variety of features, such as 360 panoramic image, full-speed self-adapting cruise, road traffic recognition, safety recognition anti-collision system, and so on. ** 3. Avita 11** 1. ** configuration ** - The 2024 Avita 11 had a new gold color, and the entire series was equipped with double zero-gravity seats in the front row. It was also equipped with three hidden laser radars, an omni-directional anti-collision system, a Hongmeng cockpit, a Vortex emotional vortex, a multi-screen smart internet, a Huawei DriveONE high-voltage electric drive, an 800V full-stack high-voltage supercharging architecture, and a Huawei DriveONE ITRACK dynamic torque-distribution system. 2. ** Power ** - The 2024 Avita 11 was launched at the Beijing auto show. Its extended range model was equipped with a 1.5T engine produced by Chang 'an Automobile as a range increaser. The maximum power was 115km, and the peak power of the driving motor was 231km. The starting price was 300,800 yuan. The novel "Good Chang 'an" is equally exciting. Everyone is welcome to click and read it!
Chang 'an had many car series, and different car series had different prices. For example, the price range of Chang 'an CCS75Plus was 121,900 - 129,900 yuan, the price range of Chang' an Qiyuan E07 was 199,900 - 319,900 yuan, the official guidance price of Chang 'an un-t was 115,900 yuan, the official guidance price of Chang' an Hunter was 139,900 - 216,900 yuan, the new energy of Chang 'an Lantuo was 279,900 yuan, the new energy of Lantuo was 99,900 - 175,900 yuan, and the price range of CCS95 was 175,900 - 199,900 yuan. The Changan F70 Blue Whale was 89,900 - 119,900 yuan, the CCS85 COUPE was 119,900 - 164,900 yuan, and the Lumin was 37,900 - 69,900 yuan. Some models had different degrees of discounts in some areas. For example, the Changan un-T was reduced by about 26,000 yuan in some areas. The novel " Good Chang 'an " is equally exciting. Everyone is welcome to click and read it!