HK Stock Market Move | DONGFENG GROUP (00489) rose nearly 6% in early trading, the State-owned Assets Supervision and Administration Commission said it will carry out strategic restructuring of whole vehicle central enterprises.

DONGFENG GROUP (00489) rose nearly 6% in the morning session, with a rise of 3.98% as of the time of writing, at HKD 4.7, with a trading volume of HKD 65.4922 million. On the news front, Guo Ping, Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council, stated at the "China Electric Vehicle 100-Person Forum 2025" that strategic restructuring is being carried out for the whole vehicle central enterprises to increase industry concentration; promote professional integration within enterprises to enhance resource allocation efficiency; and encourage and support central enterprises in the automotive industry to deepen various forms of cooperation with other enterprises. In addition, DONGFENG GROUP recently released its annual performance. In 2024, the overall company returned to profit, with revenue reaching RMB 106.197 billion, a year-on-year increase of 6.9%; net profit attributable to shareholders of the listed company was RMB 58 million, compared to a loss of RMB 3.887 billion in the same period last year; and the overall gross profit margin was 12.8%. In the 2024 performance briefing, DONGFENG GROUP revealed that the integration with Chongqing Changan Automobile is underway, and the controlling shareholder has initiated the restructuring planning for Changan's automotive sector.