BAIC BluePark New Energy Technology (600733) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 11.60 billion, up 21.86% year-over-year; vehicle sales rose 47.27% to 98,900 units, driven by new product launches and expanded sales channels.

• Net loss attributable to shareholders narrowed to RMB -1.94 billion from -2.31 billion year-over-year; operating cash flow was negative RMB 1.75 billion, reversing from a positive RMB 2.25 billion in H1 2025.

• Gross margin improved as cost control and efficiency measures took effect, despite increased sales and marketing expenses.

Financial highlights

• Operating income: RMB 11.60 billion, up 21.86% year-over-year.

• Net loss attributable to shareholders: RMB -1.94 billion, improved from -2.31 billion year-over-year.

• Basic and diluted EPS: RMB -0.31, improved from RMB -0.41 year-over-year.

• Operating cash flow: RMB -1.75 billion, down from RMB 2.25 billion year-over-year.

• Total assets: RMB 39.00 billion, up 16.20% from year-end 2025.

Outlook and guidance

• Focus for H2 2026 includes new product launches, sales volume growth, delivery improvement, profitability enhancement, and management upgrades.

• Continued investment in R&D, digitalization, and cost reduction across the value chain.

• Emphasis on expanding market share in both domestic and overseas markets, with new models targeting key price segments.