Summary of the 2025 Annual Report of Chongqing Changan Automobile Co. Ltd.Securities Code: 000625 (200625) Securities Abbreviation: Changan Automobile (Changan B) Bulletin No.: 2026-31

Chongqing Changan Automobile Co. Ltd.Summary of 2025 Annual Report

I. Important Notice

This summary comes from the 2025 annual report. If investors want to understand the Company's operating results financial

condition and future development plans they should carefully read the annual report published on the Shenzhen Stock Exchange and

other sites assigned by China Securities Regulatory Commission.All directors attended the board meeting reviewing this annual report in person except for the following directors:

Name of the directors absent Positions Reasons for the absence Name of the Trustees

Jia Lishan Director Reason for work Deng Wei

Non-standard Audit Opinion Alert

□ Applicable √ Not Applicable

The proposal for profit distribution or capitalization of reserves for the reporting period as deliberated by the Board of Directors.√ Applicable □ Not Applicable

Whether converting capital reserve into share capital or not

□ Yes √ No

The profit distribution proposal approved by the Board of Directors at this meeting is as follows: based on the total share capital of

9912924112 shares a cash dividend of 1.15 RMB per 10 shares (inclusive of tax) shall be distributed to all shareholders. No

capitalization of reserves shall be used to increase the share capital.The proposed distribution plan for preferred stock dividends for the current reporting period as approved by the Board of Directors.□ Applicable √ Not Applicable

II. Company Profile

1. Basic Information

Stock Abbreviation Changan Automobile Changan B Stock ticker symbol 000625 200625

Stock Exchange Shenzhen Stock Exchange

Contact Information Company Secretary Corporate Secretary

Full Name Ni Erke Jie Zhonghua

Building T2 No. 2 Financial City No. 61 Building T2 No. 2 Financial City No. 61

Office Address Dongshengmen Road Jiangbei District Dongshengmen Road Jiangbei District

Chongqing Chongqing

Facsimile 023-67870261 023-67870261

Telephone 023-67594008 023-67594008

1Summary of the 2025 Annual Report of Chongqing Changan Automobile Co. Ltd.

E-mail box cazqc@changan.com.cn jiezh@changan.com.cn

2. The Introduction of main business and product during the reporting period

The Company operates in the automobile manufacturing industry with its main businesses covering the R&D manufacturing

and sales of complete vehicles as well as the R&D and production of engines. The Company is actively developing key EV

technologies represented by batteries motors and electric control systems intelligent technologies such as intelligent cockpit and

pilot as well as new businesses including automotive lifestyle services new marketing and battery swapping services accelerating

exploration in industrial finance and used cars and making forward-looking moves in emerging fields such as embodied intelligence

and low-altitude economy boosting the transformation of Changan Automobile into an intelligent low-carbon mobility technology

company.Adhering to its mission to lead sustainable mobility and benefit human life Changan Automobile has been firmly advancing the

Third Strategic Transformation Plan accelerating the transformation into an intelligent low-carbon mobility technology company and

a world-class automotive brand. The Company has been actively developing intelligent connected NEVs and established three brands:

CHANGAN DEEPAL and AVATR. Among them the CHANGAN brand has three series: CHANGAN CHANGAN NEVO and

CHANGAN LCV forming a differentiated brand matrix. The Company also maintains joint venture brands such as Changan Ford

and Changan Mazda. In the traditional fuel vehicle sector Changan Automobile launched a series of classic proprietary models

including the CS series EADO series and the UNI series and joint venture models among which a number of well-known products

include the all-new Mondeo the all-new Nautilus CX-5 and Axela. In the NEV sector the Company rolled out a number of new

energy models including CHANGAN NEVO Q07 CHANGAN NEVO A07 CHANGAN NEVO A06 the all-new CHANGAN

NEVO Q05 DEEPAL S09 DEEPAL S07 DEEPAL L06 DEEPAL S05 DEEPAL G318 AVATR 12 AVATR 11 AVATR 07 AVATR

06 MAZDA EZ-60 CHANGAN V919 HUNTER and LUMIN. It underscores Changan's commitment to delivering optimal

products and services for its customers.In 2025 confronted with a complex fluctuating domestic and international economic environment Changan Automobile fully

accurately and comprehensively implemented a new development philosophy to focus on the goal of "building a world-class

automotive brand" to follow through the Third Strategic Transformation Plan and to accelerate in building new advantages to

support the high-quality development of the Company. Continuous breakthroughs have been made with the "Three Major Plans"

namely the Green Plan for NEVs the Intelligent Plan for intelligent transformation and the Vast Ocean Plan for globalization

effectively addressing the challenges from market fluctuations industrial upgrading and technological disruptions while

demonstrating strong resilience and vitality. The Company achieved steady growth in its independent operations and positive growth

for two consecutive years in the joint venture business segment boasting a historic leap in NEV sales and a record high in export

volume gaining steady momentum. In 2025 Changan Automobile achieved an annual sales volume of 2.913 million vehicles a new

record over the past nine years with a year-on-year growth of 8.5% and positive growth for six consecutive years. The Company's

NEV business unit in particular achieved a milestone with annual sales exceeding 1.11million vehicles a year-on-year growth of

51.1%. Changan Automobile's overseas market continued to maintain rapid growth with an annual sales volume of 637000 vehicles

a year-on-year growth of 18.9%.

3. Major Accounting Data and Financial Indicators

(1) Mjaor accounting data and financial indicators for last 3 years

Does the company need to make retroactive adjustments or restate prior-year accounting data

□ Yes √ No

Unit: RMB

31 December 2025 31 December 2024 YoY change (%) 31 December 2023

Total Assets 202961073175.76 208168160960.86 -2.50% 190171127138.27

Net assets attributable to

shareholders of the listed 77336177858.02 76576224624.99 0.99% 71853119985.49

company

2025 2024 Year-over-year change 2023

2Summary of the 2025 Annual Report of Chongqing Changan Automobile Co. Ltd.

Operating Revenue 163999803875.87 159733034213.25 2.67% 151297706646.97

Net profit attributable to

shareholders of the listed 4075223181.54 7321363897.24 -44.33% 11327463013.15

company

Net profit attributable to

shareholders of the listed

company excluding 2795025255.28 2587271652.90 8.03% 3781846729.11

non-recurring gains and

losses.Net cash flow from 1835673358.56 4849398813.14 -62.15% 19861466237.56

operating activities

Basic earnings per share 0.41 0.74 -44.59% 1.15

(CNY/share)

Diluted Earnings Per 0.41 0.74 -44.59% 1.13

Share (CNY/share)

Return on Weighted 5.25% 9.69% -4.44% 16.55%

Average Net Assets

(2) Key Financial Indexes of 2024 by Quarter

Unit: RMB

First Quarter (Q1) Second Quarter Third Quarter (Q3) Fourth Quarter (Q4)

Operating Revenue 34160587096.72 38530723290.36 42236176229.90 49072317258.89

Net profit attributable to

1352699415.80938511838.87764004922.301020007004.57

shareholders of the company

Net profit attributable to

shareholders of the Company after

783358022.64693348492.31541594337.92776724402.41

deducting non-recurring gains and

losses

Net cash flow from operating

-3500712348.16-5106484442.1110162003839.52280866309.31

activities

Whether there are significant differences between the above-mentioned financial indexes or its total number and the relevant

financial indexes disclosed in the Company’s quarterly report and semi-annual report

□ Yes √ No

4. Shareholding and shareholders of the company

(1) Number of common shareholders and preferred shareholders whose voting rights restored and the top

10 shareholders of the company

Unit: Shares

Number of Number of Number of

At the end of the report period the total

608316 ordinary 607137 shareholders 0 shareholders holding 0

number of shareholders shareholders holding preference shares with

at the preference restored voting rights

3Summary of the 2025 Annual Report of Chongqing Changan Automobile Co. Ltd.

month-end shares with at the month-end prior

prior to the restored voting to the disclosure date

disclosure rights at the end of this Report

date of this of the reporting

Report period

Shareholders holding more than 5% of the shares or top 10 shareholders (Excludes shares lent through refinancing)

Number of Pledge marking or

Number of

shares held freezing status

shares held at

Nature of subject to

Shareholder Name(s) Shareholding ratio the end of the

Shareholders restricted

reporting

trading Share Status Quantity

period.conditions.Chenzhi Automotive Technology Group State-owned legal

17.99%1783090143

Co. Ltd. person

State-owned legal

China Changan Automobile Group Co. Ltd. 14.23% 1410747155

person

Southern Industry Asset Management Co. State-owned legal

4.60%456253257

Ltd. person

Domestic general

China Securities Finance Co. Ltd. 4.30% 426362905

legal person

Foreign legal

United Prosperity Investment Co. Ltd. 2.85% 282874877

person

Foreign legal

Hong Kong Securities Clearing Co. Ltd. 1.00% 98795958

person

Not pledged

Mutual funds

Industrial and Commercial Bank of China labeled or frozen

wealth

Limited – Huatai-PineBridge CSI 300 0.83% 82008626

management

Exchange-Traded Open-Ended Index Fund

products etc.Mutual funds

China Construction Bank Co. Ltd. – E

wealth

Fund CSI 300 Exchange-Traded 0.59% 58482817

management

Open-Ended Index Fund (Initiated)

products etc.State-owned legal

China Reform Investment Holdings Limited 0.48% 47390600

person

Industrial and Commercial Bank of China Mutual funds

Limited – Huaxia CSI 300 wealth

0.45%44621226

Exchange-Traded Open-Ended Index Fund management

products etc.Among the top ten shareholders China Changan Automobile Group Co. Ltd. (the

indirect controlling shareholder) its wholly-owned subsidiary Chenzhi Automotive

Explanation of the aforementioned shareholder relationships or Technology Group Co. Ltd. and Chenzhi Automotive Technology Group Co. Ltd.'s

concerted actions. wholly-owned subsidiary United Prosperity Investment Co. Ltd. constitute "acting in

concert" parties as defined under the "Administrative Measures for the Acquisition of

Listed Companies."

4Summary of the 2025 Annual Report of Chongqing Changan Automobile Co. Ltd.

Description of Shareholders Participating in Margin Trading

None

and Short Selling Business (if applicable)

Participation of shareholders holding more than 5% of shares the top 10 shareholders and the top 10 shareholders of tradable

non-restricted shares in the securities lending business via the securities financing and lending platform.□ Applicable √ Not Applicable

Changes in the top 10 shareholders and the top 10 shareholders holding tradable shares without lock-up restrictions are attributable to

the lending and return of shares under the securities lending and borrowing (SLB) program.□ Applicable √ Not applicable

(2) Total number of Preferred Shareholders and top 10 Preferred shareholders

□ Applicable √ Not Applicable

During the reporting period the Company held no shares of preferred stock.

(3) Relationship among the Company and its Controlling Shareholders:

5. Corporate Bonds

√ Applicable □ Not Applicable

(1) Basic Information of the Corporate Bonds

Outstandin

Bond Short Interest

Bond Name Bond Code Release date Maturity Date g Bond

Name Balance (in rate

10000

5Summary of the 2025 Annual Report of Chongqing Changan Automobile Co. Ltd.

RMB)

Chongqing Changan Automobile Co. Ltd.

2022 Public Offering of Technology 2022 December 19 December 20

148147.SZ 100000 3.00%

Innovation Corporate Bonds for Professional Changan K1 2022 2027

Investors (Tranche 1)

Repayment of principal and interest on corporate bonds during During the reporting period the Company fulfilled its interest payment

the reporting period. obligations on schedule.

(2) Latest tracking rating and rating changes of corporate bonds

On June 10 2025 Lianhe Credit Rating Co. Ltd. issued the "2025 Follow-up Rating Report on the Public Issuance of Corporate

Bonds by Chongqing Changan Automobile Co. Ltd." (Document No. Lianhe [2025] 4136). The rating conclusion confirms the

maintenance of Chongqing Changan Automobile Co. Ltd.'s long-term issuer credit rating at AAA the credit rating of "22 Changan

K1" at AAA with a stable rating outlook.

(3) The Major Accounting Data and the Financial Indicators of the Recent 2 Years of the Company up the

Period-end

Unit: 10000 RMB

Items 2025 2024 Year-over-year change

Debt-to-Asset Ratio 59.61% 62.01% -2.40%

Net profit after deducting

non-recurring gains and 279502.53 258727.17 8.03%

losses

EBITDA-to-Total Debt Ratio 8.41% 9.75% -1.34%

Interest Coverage Ratio 13.65 49.25 -72.28%

III. Important Matters

None.Legal Representative: Zhu Huarong

Board of Directors of

Chongqing Changan Automobile Co. Ltd.

11 April. 2026

6