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Research Report: Guolian Securities Reaffirms 'Buy' Rating for Changan Auto, Optimistic About the Company's Growth Prospects
2025-04-08 /
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Author：小编
In March, Changan Auto reported wholesale sales of 268,100 units, marking a 3.48% year-on-year increase and a robust 66.04% month-on-month growth. Notably, sales of new energy vehicles surged to 87,000 units, up 119.51% from the previous month, while overseas sales reached 50,000 units, reflecting a 5.32% month-on-month rise. For the first quarter, Changan Auto achieved total wholesale sales of 705,200 units, with independent brands contributing 611,000 units and generating cumulative revenue of approximately RMB 62.3 billion. The new car orders for AITO, SL03, and Qiyuan—the company's three major brands—have been exceptionally strong. Given these impressive results, we reiterate our 'Buy' rating for Changan Auto.
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