Anhui Jianghuai Automobile Group Corp (600418) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 22.13 billion, up 14.31% year-over-year, with net loss attributable to shareholders narrowing to RMB -748.93 million from RMB -772.81 million.

• Total vehicle sales were 172,400 units, with commercial vehicles at 123,300 units and passenger vehicles at 49,100 units; new energy passenger vehicle sales grew 24.35% year-over-year.

• R&D investment was RMB 1.79 billion, representing 8.10% of revenue, supporting launches of high-end models and platform upgrades.

Financial highlights

• Operating income: RMB 22.13 billion, up 14.31% year-over-year.

• Net loss attributable to shareholders: RMB -748.93 million, improved from RMB -772.81 million year-over-year.

• Basic and diluted EPS: RMB -0.34, compared to RMB -0.35 year-over-year.

• Net cash flow from operating activities: RMB -5.29 billion, down from RMB -3.15 billion year-over-year.

• Gross margin: 11.2% (calculated from disclosed revenue and cost figures).

Outlook and guidance

• Focus remains on high-end new energy vehicles, international expansion, and supply chain innovation.

• Management expects continued pressure on profitability due to intense competition and weak domestic demand but aims for further loss reduction and quality growth.