BAIC Blue Valley Doubles Sales Yet Forecasts a Loss of RMB 4.65 Billion

[Earnings Guidance] BAIC Blue Valley forecasts a net loss attributable to shareholders of RMB 4.35 billion to RMB 4.65 billion for 2025, representing a year-over-year reduction in losses exceeding RMB 2.2 billion.

Core Development: 84% Surge in Sales Fails to Offset Losses During Strategic Investment Phase

Total sales in 2025 reached 209,576 units, including over 160,000 units from the Arcfox brand and more than 10,000 units of the Stelato brand in December alone, setting a new historical record.

Key Metrics: Losses Narrowed by 33%–37%, Reaching the Lowest Level in Five Years

Compared to a loss of RMB 6.948 billion in 2024, the projected loss range for 2025 (RMB 4.35 billion to RMB 4.65 billion) marks the smallest deficit since 2020.

Strategic Foundation: Heavy R&D Investment and Channel Expansion Weigh on Short-Term Profitability

The company attributes its losses primarily to the implementation of its "Three-Year Leap" strategy, which involves sustained heavy investment in advanced autonomous driving technologies and the rollout of an expanded product portfolio, with economies of scale yet to materialize.