Chongqing Changan Automobile Company (000625) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥32.71 billion, down 4.26% year-over-year.

• Net profit attributable to shareholders fell 74.09% year-over-year to ¥350.52 million.

• Cash flow from operating activities was negative ¥11.65 billion, a significant deterioration from the previous year.

Financial highlights

• Operating income decreased 4.26% compared to Q1 2025.

• Net profit attributable to shareholders dropped 74.09% year-over-year.

• Basic and diluted EPS both declined to ¥0.04 from ¥0.14, a 71.43% decrease.

• Gross margin and other profitability metrics declined, with a sharp drop in net margin.

• Cash and cash equivalents at quarter-end were ¥39.16 billion, down from ¥59.30 billion at the start of the period.

Outlook and guidance

• Management attributes profit decline to reduced exchange gains and lower government subsidies.

• Lower sales receipts and reduced investment income from associates impacted cash flow and profitability.