比亚迪营收破8000亿元，奇瑞、零跑成黑马！2025年最赚钱的车企是谁？_老虎社区_美港股上老虎

比亚迪营收破8000亿元，奇瑞、零跑成黑马！2025年最赚钱的车企是谁？

时代周报03-27

3月27日，比亚迪（002594.SZ；01211.HK）、广汽集团（601238.SH；02238.HK）、长城汽车（601633.SH；02333.HK）等多家车企同日发布2025年财报，至此国内已有十余家上市车企公布2025年经营数据。　　整体来看，比亚迪、吉利汽车（00175.HK）、奇瑞汽车（09973.HK）等大型传统车企集团营收、销量均位居前列。小米汽车、蔚来（NIO.US；...

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Who is the most profitable car company in 2025?","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81211":0.6,"600104":1.77,"601238":1.84,"601633":1.86,"002594":1.97,"GELYY":1.88,"01958":1.79,"EVS.SI":0.6,"09863":1.9,"GWLLY":1.86,"01211":1.97,"NIO.SI":1.83,"BYDDY":1.97,"09973":1.91,"02333":1.86,"02238":1.84,"HYDD.SI":0.6},"content_text":"3月27日，比亚迪（002594.SZ；01211.HK）、广汽集团（601238.SH；02238.HK）、长城汽车（601633.SH；02333.HK）等多家车企同日发布2025年财报，至此国内已有十余家上市车企公布2025年经营数据。　　整体来看，比亚迪、吉利汽车（00175.HK）、奇瑞汽车（09973.HK）等大型传统车企集团营收、销量均位居前列。小米汽车、蔚来（NIO.US；09866.HK）、小鹏汽车（XPEV.US；09868.HK）、零跑汽车（09863.HK）在年底相继宣布实现季度盈利，一定程度上代表着国内新造车品牌进入新的发展阶段。　　与2024年相比，奇瑞汽车、小米汽车等不少车企净利润、毛利率显著改善。也有车企盈利表现承压，如吉利汽车销量大幅增长但利润提升有限、广汽集团由盈转亏、蔚来全年净亏损仍高达百亿元等。如何改善经营状况是这些车企的必答题。　　比亚迪赚最多，奇瑞成黑马　　比亚迪仍是2025年销量最高的国内车企，其全年汽车销量达460.2万辆，同比增长7.7%。其中，比亚迪海外汽车销量首次突破百万辆，达到105万辆，境外收入也涨至3107亿元。　　得益于此，比亚迪2025全年营收增长至8039.6亿元，再创新高。不过比亚迪去年净利润有所下滑，为326.2亿元，同比下降19%。　　在自主品牌中，吉利汽车的销量表现紧随其后，其2025年累计销量302.5万辆，同比增长39%，超额完成300万辆年度目标。2025年吉利汽车新能源累计销量超168万辆，同比劲增90%。得益于此，吉利汽车2025年总收入达到3452.3亿元，同比增长25%，创历史新高。 　　时代周报记者制图，数据来源车企公告 　　不过吉利汽车净利润增幅有限，2025年其净利润168.5亿元，较上一年度的168.1亿元仅微增0.2%。从销量和净利润表现来看，吉利汽车2025年面临着增收不增利的挑战。　　奇瑞汽车是2025年出口汽车最多的车企。2025年，奇瑞汽车海外汽车销量达到129.4万辆，占全年263.1万辆整体销量的49.2%；奇瑞汽车海外营收更是达到1574.2亿元，贡献了52.4%的营收。　　整体来看，2025年奇瑞汽车总营收3002.9亿元，同比增长11.3%，首次突破3000亿元大关。奇瑞汽车同期净利润190.2亿元，同比增长34.6%。　　长城汽车2025年营收2228.24亿元，同比增长10.2%；净利润98.65亿元，同比下滑22.1%。同时长城汽车2025年销量同比增长7.3%至132.4万辆。　　长城汽车表示，2025年公司实现销量和营业收入的同比增长，同时加速构建直连用户的新渠道模式，以及加大新车型、新技术的上市宣传及品牌提升，投入增加导致利润下降。 　　时代周报记者制图，数据来源车企公告 　　2025年，北汽股份（01958.HK）营收为1640.5亿元，同比下降14.8%；净利润为1.2亿元，同比下降87.2%。这已经是北汽股份连续第4年净利润下滑。在2022-2024年，北汽股份净利润分别为42.0亿元、30.3亿元、9.6亿元。2025年北汽股份汽车销量86.8万辆。　　北汽股份表示，业绩下滑主要是由于2025年度汽车行业竞争激烈，产业格局加速变革，导致全年汽车销量未达预期。同时公司为了推动转型、投放产品加大了投入，综合导致归属于本公司权益持有人的净利润较去年下滑。　　北汽股份同时公告称，基于目前市场环境、资本市场规则及公司发展战略考量，决定终止此前在A股上市辅导的协议。北汽股份还表示，将在未来综合考虑自身发展需要与市场情况，适时规划相关资本市场安排。　　广汽集团2025年营收965.4亿元，同比减少10.4%；净亏损87.8亿元，由盈转亏，上年同期净利润8.2亿元。同期广汽集团汽车销量172.1万辆，同比下滑14.1%。从品牌来看，广汽集团旗下广汽丰田、广汽传祺、广汽埃安去年汽车销量下滑幅度均超过20%。　　上汽集团（600104.SH）尚未发布完整年报，不过其在业绩预告中表示，预计2025年净利润为90亿-110亿元，与上年同期相比将增加73亿-93亿元。　　这一部分是因为上汽集团2025年整车销量450.8万辆，比上年同期增长12.3%；更重要的是2024 年公司合营企业上汽通用及其控股子公司计提相关资产减值准备，该事项减少公司 2024年归属于母公司所有者的净利润78.7亿元。　　新势力集体冲过盈利线　　造车新势力品牌2025年的主旋律是冲刺盈利。　　在2025年，理想汽车（LI.US；02015.HK）依旧是5家上市新势力品牌中营收最高的品牌，其营收1123.1亿元，但同比下滑22.3%。其净利润11.4亿元，在5个品牌中排名首位，但较2024年80.5亿元的净利润大幅收缩。　　理想汽车2025年汽车销量40.6万辆，2024年为50.1万辆。2026年全年，理想汽车设定了100万辆的销量目标。　　2025年，以小米汽车为主要业务的小米“智能电动汽车与创新业务”营收达到1061亿元，同比增长223.8%，全年利润首次扭正为9亿元。其中小米汽车业务营收高达1033亿元。　　若整体计算，小米智能电动汽车与创新业务毛利率高达24.3%。　　除了2家营收破千亿元的品牌，蔚来是营收最高的新势力品牌。　　2025年蔚来收入874.9亿元，同比增长33.1%；其同期净亏损149.4亿元，较上一年同期的净亏损224.0亿元有所收窄。蔚来方面表示，2025年四季度其净利润2.8亿元，完成了年初定下的目标。　　蔚来2025年的汽车销量有所改善，由2024年22.2万辆提升至32.6万辆。不过相较而言，这一成绩在4家上市新势力车企中排名最后。　　在5个新势力品牌中，零跑汽车是最大的黑马。2025年零跑汽车营收达到647.3亿元，同比增长101.3%；净利润首次扭正为5.4亿元，这是零跑汽车首次实现全年盈利。　　零跑汽车2025年的市场表现也十分亮眼，其全年销量59.7万辆，是国内汽车销量最高的新势力品牌。在零跑汽车创始人、董事长兼CEO朱江明等人看来，大量自研自制的核心零部件给零跑汽车带来了降本增效的可能，也是其核心竞争力。　　在2026年，零跑汽车目标卖出100万辆汽车。　　小鹏汽车也在2025年四季度实现季度盈利。2025年小鹏汽车收入767.2亿元，同比增长87.7%；净亏损11.4亿元，较2024年净亏损57.9亿元大幅收窄。小鹏汽车2025年销量42.9万辆，同比增125.9%。　　进入2026年，如何保持盈利将成为新势力品牌的最新挑战。（文章来源：时代周报）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}