BAIC MOTOR (01958) has issued an announcement forecasting that the net profit attributable to the company's equity holders for the year ending December 31, 2025, will be approximately RMB 110 million to RMB 130 million. This represents a decrease of approximately 86.4% to 88.5% compared to the same period in 2024. The company attributes this anticipated decline primarily to the intense competition within the automotive industry in 2025 and the accelerated transformation of the industrial landscape, which have collectively impacted the Group's annual vehicle sales, causing them to fall short of expectations. Furthermore, to actively advance its three-year leap-forward action strategy, proactively respond to market shifts, seize industry development opportunities, and enhance product competitiveness, the Group has launched several new vehicle models and undertaken brand enhancement initiatives. It has also accelerated channel construction and increased market investments. These comprehensive factors are expected to result in the decrease in net profit attributable to equity holders compared to the previous year.