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← CockpitCompetitor Analysis › 000625.SZ Chongqing Changan Automobile Company Limited Class AOpen in the cockpit ↗

Chongqing Changan Automobile Company Limited Class A000625.SZCompetitor analysis, valuation and peers

China · CNY·Consumer Discretionary›Motor Vehicles

Major Chinese state automaker producing passenger cars and EVs under Changan and joint-venture brands (with Ford, Mazda).

≈ A Chinese GM/Stellantis hybrid with EV sub-brandsMomentum neutral 55
Mkt cap
$9.51B
US dollars, full cap
Free float
47%
of shares outstanding
$/day
$58.3M
20-day average traded
Fwd P/E
28.5×
forward earnings
ROIC−WACC
-3.5 pp
WACC 7.9%
Hurdle
n/a
no reverse DCF
Next earnings
167 days
22 Apr 2027
Close · CNYCN¥7.17
1D-1.1%
1W+2.3%
1M+1.9%
3M-8.2%
6M-24.8%
YTD-39.5%
1Y-42.1%
ATR %1.7%
52w lowhigh44.0% off high

What Chongqing Changan Automobile does

Major Chinese state automaker producing passenger cars and EVs under Changan and joint-venture brands (with Ford, Mazda).

Sells own-brand cars and electric models through dealers in China and abroad, while the joint ventures with Ford and Mazda contribute only their share of profit and have shrunk in importance. State-owned, it is controlled through a central-government group that has historically been the Changan Automobile group.

In one line: A Chinese GM/Stellantis hybrid with EV sub-brands.

Products and services

  • Changan-brand passenger vehicles
  • EV sub-brands (Deepal, Avatr)
  • Ford/Mazda joint-venture vehicles

Customers

  • Chinese and export vehicle buyers

Where it sits in the supply chain

  • Automotive
  • Passenger vehicle manufacturing
  • ICE, hybrid and EV passenger vehicles

What could go right

  • China EV/NEV demand growth
  • Export market expansion

What could go wrong

  • Intense China EV price war
  • Joint-venture (ICE) volume decline

Moat: narrow (scale, brand, distribution). State-backed scale automaker with an extensive dealer network and joint-venture technology access.

Headquarters: Chongqing, China · Employees: 58,274

Named competitors

Chongqing Changan Automobile at a glance

Size Chongqing Changan Automobile (000625.SZ) is a China Consumer Discretionary company (Motor Vehicles) with a market value of $9.51B, the 264th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.17 on 6 Nov 2026.

Performance Over six months the shares fell 24.8%, against -8.2% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue fell 7.3% over the last twelve months (peer median +8.1%); the operating margin is 0.1% (peer median 5.9%).

Valuation It trades at 28.5× forward earnings against a peer median of 12.0× (4th most expensive of 16).

Capital Return on invested capital runs 3.5 points below its cost of capital (7.9% WACC).

Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 91000625.SZ 76
Six months, rebased to 100: Chongqing Changan Automobile against the median of its 20 peers (local-currency closes).

Chongqing Changan Automobile financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥151BCN¥161BCN¥156BCN¥147BCN¥117B
Revenue growth—+3%+6%+25%—
Gross profitCN¥24.6BCN¥18.3BCN¥16.9BCN¥19.1BCN¥19.3B
EBITDAn/aCN¥6.35BCN¥6.75BCN¥10.1BCN¥11.2B
Net incomeCN¥1.08BCN¥4.08BCN¥7.32BCN¥11.3BCN¥7.80B
Free cash flow-CN¥16.1B-CN¥2.57BCN¥115MCN¥17.4BCN¥6.01B
Capital expenditureCN¥5.30BCN¥4.68BCN¥4.87BCN¥2.82BCN¥1.41B
Total debtCN¥39.9BCN¥46.5BCN¥36.5BCN¥39.2BCN¥24.5B

Quarterly statements and history in the cockpit →

Chongqing Changan Automobile competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-10%0%+10%+20%9868RNO72027272PAH3600066601127OSKTMPV7309HEROMOTOCO9866ATHERENERGC0772702015603129FSS9863000625.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Chongqing Changan Automobile is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%0×50×100×150×RNO7202PAH3600066601127TMPV7309HEROMOTOCOC07603129FSS9863000625.SZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Chongqing Changan Automobile is the large dot.

Chongqing Changan Automobile competitors and peer comparison

Head to head with its named competitors (000625.SZ vs 002594.SZ vs 0175.HK vs 600104.SS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Chongqing Changan Automobile 000625.SZ$9.51B-25%-7%0%28.5×n/a
BYD 002594.SZ$96.6B-17%-4%4%21.2×n/a
Geely Auto 0175.HK$20.1B-34%+27%4%6.5×-9.3%
SAIC Motor 600104.SS$17.8B-24%-3%2%11.9×-14.7%
Great Wall Motor 601633.SS$15.0B-29%+8%2%15.1×-7.1%

How Chongqing Changan Automobile compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Chongqing Changan Automobile against its 20 peers (data as of 6 Nov 2026)
Measure000625.SZPeer medianRank in peer set
1-month return+1.9%+5.7%7th lowest of 21
6-month return-24.8%-8.2%7th lowest of 21
Distance from 52-week high-44.0%-25.8%4th lowest of 21
Revenue growth (TTM)-7.3%+8.1%4th lowest of 21
Operating margin0.1%5.9%9th lowest of 21
Forward P/E28.5×12.0×4th most expensive of 16
ROIC minus cost of capital-3.5 pp-1.2 pp7th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Chongqing Changan Automobile 000625.SZChina$9.51B-25%-7%0%28.5×n/an/a
XPeng 9868.HKHong Kong$9.51B-37%+29%-7%n/an/an/a
Renault RNO.PAFrance$9.39B+2%+6%6%4.9×3.4%+5.9%
Isuzu Motors 7202.TJapan$9.26B-1%+5%6%8.8×n/an/a
Yamaha Motor 7272.TJapan$10.1B+54%+10%6%9.3×4.2%+11.5%
Porsche Automobil Holding SE Pref PAH3.DEGermany$8.98B-19%+13%108%33.4×9.4%+2.4%
Yutong Bus 600066.SSChina$10.1B-12%+3%14%11.5×-10.0%+13.8%
Seres 601127.SSChina$11.0B-51%-6%-4%139.8×n/an/a
Oshkosh OSKUnited States$8.19B-3%+4%7%11.2×4.7%+8.7%
Tata Motors Passenger Vehicles TMPV.NSIndia$11.4B-19%-22%0%10.7×n/an/a
Shimano 7309.TJapan$11.5B+29%+5%12%35.8×6.0%+4.3%
Hero Motocorp HEROMOTOCO.NSIndia$11.7B+3%+27%12%19.1×14.1%+9.2%
NIO 9866.HKHong Kong$7.60B-46%+70%-4%n/an/an/a
VinFast Auto VFSUnited States$7.60B-25%+74%-86%n/an/an/a
Ather Energy ATHERENERG.NSIndia$7.57B+101%+63%-7%n/an/an/a
Jardine Cycle & Carriage C07.SISingapore$7.36B-28%-11%10%8.2×-7.8%+8.9%
Subaru 7270.TJapan$12.3B+16%0%3%12.0×2.7%+11.1%
Li Auto-w 2015.HKHong Kong$12.4B-32%-24%-7%n/an/an/a
Zhejiang CFMoto Power 603129.SSChina$7.23B+16%+40%11%19.9×-3.9%+34.5%
Federal Signal FSSUnited States$6.92B-4%+24%17%20.1×11.8%+14.0%
Zhejiang Leapmotor Technology 9863.HKHong Kong$6.34B-25%+71%-1%16.1×-14.5%+150.7%

Questions

Who are Chongqing Changan Automobile's main competitors?
Named competitors: BYD (002594.SZ), Geely Automobile (0175.HK), SAIC Motor (600104.SS), Great Wall Motor (601633.SS). The cockpit's measured peer set (industry) also includes XPeng (9868.HK), Renault (RNO.PA), Isuzu Motors (7202.T), Yamaha Motor (7272.T), Porsche Automobil Holding SE Pref (PAH3.DE), Yutong Bus (600066.SS).
Is Chongqing Changan Automobile expensive compared with its peers?
On forward p/e it trades at 28.5× against a peer median of 12.0×, 4th most expensive of 16 in its peer set.
How has Chongqing Changan Automobile stock performed?
Over six months to 6 Nov 2026 the shares returned -24.8% against -8.2% for the median peer; over one year -42.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.