<div id="readability-page-1"><blockquote><ul><li>GWM's net income for 2025 came in at RMB 9.91 billion ($1.43 billion), representing a year-on-year decrease of 21.71%.</li><li>The decline was primarily due to increased expenditures from new channel development and intensified marketing efforts for new models and technologies.</li></ul></blockquote><figure id="attachment_135999"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026013009051195.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1920" height="1080" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026013009051195.jpg"/><figcaption id="caption-attachment-135999">(A GWM model displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost)</figcaption></figure><p>GWM (HKG: 2333, SHA: 601633) previewed a net income decline for 2025 amid rising expenditures.</p><p>The Chinese automaker's 2025 net income was RMB 9.91 billion ($1.43 billion), down 21.71% from RMB 12.66 billion in 2024, according to its earnings preview released on Friday.</p><p>After excluding non-recurring gains and losses, GWM's net income was RMB 6.16 billion, a 36.48% decrease from RMB 9.70 billion in 2024.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>The company's 2025 revenue came in at RMB 222.79 billion, marking a 10.19% year-on-year increase.</p><p>GWM accelerated the development of new direct-to-consumer channels in 2025, intensifying marketing efforts for new models and technologies while enhancing its brand, leading to increased investments, it said.</p><p>GWM sold 1,323,672 vehicles in 2025, a 7.33% increase from 2024, according to data compiled by CnEVPost.</p><p>Overseas sales emerged as a bright spot, reaching 506,066 units in 2025 — an 11.68% year-on-year increase.</p><p>GWM's new energy vehicle (NEV) sales in 2025 totaled 403,653 units, rising 25.44% year-on-year.</p><p>Among its brands, Haval remained dominant, selling 758,554 units in 2025 — a 7.41% year-on-year increase — contributing 57.31% of GWM's total sales during the period.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/12/2025122408205356-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/12/2025122408205356-768x432.jpg"/>                            </p>        </div>        <div>            <p>GWM to adopt Momenta's driver assist solution, report says</p>            <p>Momenta will provide smart driving solutions for two new GWM models, expected to be launched early next year.</p>                    </div>    </div>    <p>($1 = RMB 6.9484)</p>                                                                                </div>

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<p>GWM anticipates a 21.71% decline in net income for 2025, projecting RMB 9.91 billion ($1.43 billion), down from RMB 12.66 billion in 2024. This decrease is attributed to increased expenditures on new channel development and marketing for new models. Despite the income drop, GWM's revenue is expected to rise by 10.19% to RMB 222.79 billion, with vehicle sales increasing by 7.33% to 1,323,672 units. Notably, overseas sales grew by 11.68%, and new energy vehicle sales rose by 25.44%.</p>

GWM previews 21.71% net income decline in 2025