BAIC Motor (1958) Q1 2026 earnings summary

Executive summary

• Total operating income for Q1 2026 was RMB 31.41 billion, up 1.8% year-over-year from RMB 30.86 billion.

• Net profit attributable to owners of the parent was a loss of RMB 829.5 million, compared to a profit of RMB 929.4 million in Q1 2025.

• Total comprehensive income attributable to shareholders of the parent was a loss of RMB 1.68 billion, versus a profit of RMB 1.58 billion a year earlier.

Financial highlights

• Operating costs increased to RMB 27.20 billion from RMB 33.87 billion year-over-year.

• Total assets decreased to RMB 154.81 billion as of March 31, 2026, from RMB 166.51 billion at year-end 2025.

• Total liabilities decreased to RMB 78.61 billion from RMB 89.42 billion at year-end 2025.

• Net cash flows from operating activities were negative RMB 6.77 billion, compared to positive RMB 1.52 billion in Q1 2025.

• Cash and cash equivalents at period end were RMB 16.39 billion, down from RMB 31.22 billion a year earlier.

Outlook and guidance

• No explicit forward-looking guidance or outlook was provided in the disclosed results.