DONGFENG GROUP (00489) announced that the company expects its net profit attributable to the parent company for the six months ending June 30, 2025, to range between RMB 30 million and RMB 70 million, representing a decline of approximately 90% to 95% compared to the same period in 2024.

The board of directors believes that the main reasons for the performance changes in this period are: First, the joint venture non-luxury brand market continues to decline, with the group's joint venture passenger car business experiencing significant year-on-year decreases in both sales volume and profits. Second, to respond to intense market competition, the group has increased investments in research and development, brand and channel development, and marketing activities in its autonomous business segment.