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现代汽车Hyundai Motor Company(HYMTF)2025年第四季度及全年业绩报告「OTC」(英文版)(25页).pdf

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1、January 29,2026Hyundai Motor Company Q4 2025 Business ResultsIn the presentation that follows and in related comments by Hyundai Motors management,our use of the words“expect,”“anticipate,”“project,”“estimate,”“forecast,”“objective,”“plan,”“goal,”“outlook,”“target,”“pursue”and similarexpressions is

2、intended to identify forwardlooking statements.The financial data discussed herein are presented on a preliminary basis before the audit from our Independent Auditor;finaldata will be included in HMCs Independent auditors report.While these statements represent our current judgment on whatthe future

3、 may hold,and we believe these judgments are reasonable,actual results may differ materially due to numerousimportant factors.Such factors include,among others,the following:changes in economic conditions,currency exchangerates or political stability;shortages of fuel,labor strikes or work stoppages

4、;market acceptance of the corporations newproducts;significant changes in the competitive environment;changes in laws,regulations and tax rates;and the ability of thecorporation to achieve reductions in cost and employment levels to realize production efficiencies and implement capitalexpenditures a

5、t levels and times planned by management.We do not intend or assume any obligation to update any forward-looking statement,which speaks only as of the date onwhich it is made.Cautionary Statement with Respect to Forward-Looking StatementsTable of ContentsQ4 HighlightsP.3Sales SummaryP.410Financial S

6、ummaryP.1117AppendixP.2024Q4 HighlightsRecord-high Q4 RevenueDespite concerns over tariff impact,strong sales led to record-high Q4 revenue3First 1 million Wholesale(2025)in the U.S.MarketFirst-ever achievement of one million wholesale sales(FY2025)in the U.S.market,supported by a diversified SUV li

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1. **业绩亮点**:2025年Q4营收达47万亿韩元(YoY +0.5%),创历史新高;美国市场2025年全年批发销量首次突破100万辆,HEV销量占比达22.6%(全球16.3%)。 2. **销量表现**:全球批发销量995万辆(YoY -1.6%),受美国、欧洲需求推动;韩国市场因工作日减少销量下滑6.3%,但SUV和HEV增长显著。 3. **财务压力**:Q4营业利润16.95万亿韩元(YoY -39.9%),主因成本上升(COGS YoY +3.9%)及SG&A增加;全年净利润10.365万亿韩元(YoY -21.7%)。 4. **风险提示**:业绩受关税、汇率、市场竞争及供应链等因素影响,实际结果可能与前瞻性声明存在差异。
**现代销量创新高?** **HEV占比为何激增?** **利润下滑原因何在?**
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