BAIC Motor (1958) Q3 2026 earnings summary

Executive summary

• Unaudited 9M 2026 operating results under PRC Accounting Standards: revenue was RMB 84,957,273,662.05 and net loss RMB 1,852,750,430.95, versus net profit RMB 4,476,818,623.27 in 9M 2025.

• Net loss attributable to parent shareholders was RMB 3,089,514,790.06, compared with net profit of RMB 51,285,800.75 in 9M 2025.

Financial highlights

• Total operating income fell to RMB 84,957,273,662.05 from RMB 120,798,589,538.50 YoY; total operating costs were RMB 84,658,944,796.32 versus RMB 113,393,361,149.04.

• Total comprehensive loss was RMB 3,980,708,886.67, versus income of RMB 4,809,231,247.13 in 9M 2025.

• Operating cash flow was a net outflow of RMB 5,414,059,509.37, compared with a net inflow of RMB 2,401,202,061.12 in 9M 2025.

• Cash and cash equivalents at period end were RMB 13,154,997,017.29, down from RMB 24,784,312,018.28 a year earlier.

Key financial ratios and metrics

• R&D costs rose to RMB 1,631,865,361.56 from RMB 1,051,282,502.21 YoY.

• Total assets were RMB 142,013,281,838.90 at September 30, 2026, versus RMB 166,505,151,406.00 at December 31, 2025; total shareholders’ equity was RMB 70,856,786,430.98 versus RMB 77,085,008,697.57.