> 数据图表你知道各车企25Q2表现：小鹏、零跑超预期，其余符合预期2025-9-2各车企25Q2表现：小鹏、零跑超预期，其余符合预期图表：各车企25Q2绩表现车企23Q323Q424Q124Q2赛力斯理想汽车吉利汽车收入（亿元）yoy销量（辆）毛利率归母净利润（亿元）yoy单车收入（万元/车）单车利润（万元/车）收入（亿元）yoy销量（辆）yoy毛利率归母净利润（亿元）yoy单车收入（万元/车）单车利润（万元/车）收入（亿元）yoy销量（25年以后含领克，单位万辆）yoy毛利率归母净利润（亿元）yoy单车收入（万元/车）单车利润（万元/车）56.48-47.3%44,6237.58%-9.500.2%12.7 -2.13 346.8271.2%105108296.3%22.04%28.2-272.1%33.02.7501.1191.6274.5%116,39513.54%-1.56-86.5%16.5 -0.13 417.3136.4%131805184.6%23.45%56.62102.1%31.74.3559.240.3445.0815.44%12.816.34%23.212.40.312.40.4265.61421.8%114,13821.51%2.20扭亏23.3 0.19 256.336.4%8040052.9%20.61%5.9-36.3%31.90.7523.256.1%41.4745.35%13.66%15.6118.6%12.60.3384.84547.7%121,66227.47%14.05扭亏31.6 1.15 316.810.6%10858125.5%19.50%11.0-51.9%29.21.0549.938.6%41.5127.04%16.50%89.6946.4%13.21.9来源：各公司公告、中泰证券研究所24Q3415.82636.3%24Q4385.49101.2%133,617 127,59128.70%19.08扭亏30.211.50442.76.1%15869620.4%20.26%35.2-37.7%27.92.2725.129.7%59.7032.45%17.34%35.854.3%12.10.525.53%24.13扭亏31.121.81428.723.6%15283145.4%21.52%28.1-0.3%28.11.8603.820.5%46.4415.12%15.58%25.398.1%13.00.525Q1191.47-27.9%68,36827.62%7.48240.6%28.011.09259.31.1%9286415.5%20.51%6.59.7%27.90.7725.038.6%70.3847.95%15.78%56.7263.4%10.30.825Q2432.5512.4%130,23529.52%21.9356.1%33.211.68302.5-4.5%1110742.3%220.26%10.9-0.9%27.21.0777.941.5%70.5446.95%17.07%36.2-59.6%11.00.57中泰证券综合其他
