Chery Automobile (9973) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 65,870 million, down from RMB 68,223 million in Q1 2025.

• Gross profit increased to RMB 10,564 million from RMB 8,457 million year-over-year.

• Profit for the period attributable to owners was RMB 4,170 million, compared to RMB 4,650 million last year.

Financial highlights

• Other income and gains totaled RMB 2,982 million, down from RMB 3,652 million year-over-year.

• Selling and distribution expenses rose to RMB 2,723 million from RMB 2,182 million.

• R&D expenses increased to RMB 2,850 million from RMB 2,272 million.

• Finance costs decreased to RMB 402 million from RMB 872 million.

• Net assets rose to RMB 55,310 million as of March 31, 2026, up from RMB 50,798 million at year-end 2025.

Key financial ratios and metrics

• Gross margin improved to 16.0% from 12.4% year-over-year.

• Net profit margin for the period was approximately 6.3%.

• Cash and cash equivalents increased to RMB 52,546 million from RMB 46,955 million at year-end.

• Net current assets rose to RMB 12,705 million from RMB 9,668 million at year-end.