Chongqing Changan Automobile Company (000625) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 14.17% YoY to ¥36.25B; attributable net loss was ¥758.1M. 9M revenue declined 11.35% to ¥101.88B, while attributable net profit was ¥59.3M, down 98.06%.

• 9M cash flow from operations was negative ¥11.38B, versus positive ¥1.55B a year earlier; reduced collections on sales due contributed to the decline.

Financial highlights

• 9M adjusted for non-recurring items, attributable net loss was ¥700.9M, versus a ¥700.9M gain implied by the reported non-recurring adjustment; Q3 adjusted loss was ¥951.7M.

• 9M total operating costs were ¥103.12B, including cost of sales of ¥87.31B; revenue was ¥101.88B.

• 9M operating loss was ¥451.1M and total loss before tax was ¥510.2M; consolidated net loss was ¥726.7M.

• 9M financial expenses were ¥647.2M, compared with a ¥2.07B gain a year earlier; higher FX losses and lower interest income were cited as drivers.

• 9M investment income declined 46.68% YoY to ¥119.4M, primarily due to lower equity-method earnings from associates and joint ventures.

Key financial ratios and metrics

• Q3 basic and diluted EPS were both -¥0.07; 9M EPS was ¥0.01, down 96.77% YoY.

• Weighted average ROE was -1.01% for Q3 and 0.08% for 9M, down 2.05 and 3.88 percentage points YoY, respectively.

• Total assets were ¥191.69B at Sept. 30, down 5.55% from year-end; attributable equity was ¥74.76B, down 3.34%.

• Cash and cash equivalents fell to ¥34.90B from ¥52.99B at year-end.