Chongqing Changan Automobile Company (000625) Q2 2026 earnings summary

Executive summary

• Operating revenue for H1 2026 was RMB 65.63 billion, down 9.71% year-over-year, with net profit attributable to shareholders at RMB 817 million, a 64.32% decline year-over-year.

• Sales volume reached 1.119 million units, with overseas exports up 51.9% year-over-year to 455,000 units and new energy vehicle sales at 414,000 units.

• The company advanced its transformation into an intelligent, low-carbon mobility technology company, launching new models and expanding global operations.

Financial highlights

• Operating revenue: RMB 65.63 billion (down 9.71% YoY); net profit attributable to shareholders: RMB 817 million (down 64.32% YoY).

• Net profit after deducting non-recurring gains and losses: RMB 251 million (down 83.01% YoY).

• Basic and diluted EPS: RMB 0.08 (down 65.22% YoY).

• Net cash flow from operating activities: -RMB 11.41 billion (down 32.60% YoY).

• Gross profit margin for automotive manufacturing: 14.50% (essentially flat YoY).

• Total assets at period end: RMB 187.69 billion (down 7.52% from year-end 2025).

Outlook and guidance

• The company will continue to focus on product innovation, new energy vehicles, and overseas market expansion amid a challenging domestic market and global uncertainties.

• Strategic initiatives include advancing flagship product strategies, lean management, and ecosystem integration to enhance competitiveness and profitability.