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2025-10-27 19:50:34
Cui Dongshu: From January to September 2025, the automotive industry's profit margin will reach 4.5%, with revenue reaching 7.8 trillion yuan, an increase of 8%, costs increasing by 9%, and profits increasing by 3%. Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated in a statement that from January to September 2025, the continued effectiveness of the "two new" policies, the deepening development of the national unified large market, and a low base year-on-year, led to a total profit of 5.3732 trillion yuan for industrial enterprises above designated size nationwide, a year-on-year increase of 3.2%. The operating income profit margin was 5.26%, an increase of 0.04 percentage points year-on-year, driving positive performance in related product industries and supply chains. Driven by the vehicle replacement and renewal subsidy policy, vehicle production in the first nine months of 2025 reached 24.05 million units, an 11% year-on-year increase. From January to September 2025, the automotive industry's revenue reached 782.35 billion yuan, a year-on-year increase of 7.8%; costs reached 688.67 billion yuan, an increase of 8.6%; and profits reached 348.3 billion yuan, a year-on-year increase of 3.4%. The automotive industry's profit margin was 4.5%, which is still relatively low compared to the 6% average profit margin of downstream industrial enterprises. In September, the automotive industry's revenue reached 101.86 billion yuan, a year-on-year increase of 9.8%; costs reached 89.78 billion yuan, an increase of 11.3%; and profits reached 44.7 billion yuan, a year-on-year increase of 38%. The automotive industry's profit margin was 4.4%, a significant increase from August and a significant improvement from 3.4% in September last year.
