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Shares of the Chinese automaker partnering with Huawei Technologies on the Aito electric vehicle brand declined after announcing that its net profit remained largely flat last year. The company’s stock closed down by 3.6% at 90.87 Chinese yuan (approximately $13.15) in Shanghai today.
The company reported a slight increase in net profit, rising by 0.2% to 6 billion yuan (about $860 million) in 2025 compared to the previous year. Operating revenue jumped 14% to 165.1 billion yuan ($23.9 billion). During the past year, vehicle sales reached 472,269 units, marking an 11% growth over 2024. Of these, more than 420,000 were branded under Aito, with the company’s gross profit margin from new energy vehicles reaching 28.8%.
Research and development expenditures increased significantly, with investments totaling 12.5 billion yuan ($1.8 billion), representing an increase of over 77% from the prior year. Operating cash flow improved by 28%, totaling 28.9 billion yuan.
In the fourth quarter, revenue hit 54.5 billion yuan, up 41% from the same period the year before. Yet, net profit in the quarter declined sharply by 66% to 644 million yuan ($93.2 million).
Total assets grew by 53% to 143.9 billion yuan as of December 31, compared to the previous year, while net assets saw an extraordinary increase of 233%, reaching 40.9 billion yuan.
Looking ahead, the company plans to intensify its focus on premium smart electric vehicles, expand aggressively into international markets, and develop innovative sectors like smart robotics. It aims to explore embodied intelligence and autonomous vehicles, including robotaxis, in partnership with leading corporations and academic institutions to advance artificial intelligence commercialization.
Additionally, the company announced a share buyback program yesterday, intending to repurchase shares valued between 1 billion and 2 billion yuan at a maximum price of 150 yuan (about $21.71) per share, with the goal of reducing its registered capital.
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