Geely Automobile (175) Q3 2026 earnings summary

Executive summary

• Q3 2026 sales volume rose 7% YoY to 812,523 units; revenue grew 10% to RMB98.96bn, outpacing volume growth as exports and higher-value products lifted mix and average selling price.

• Q3 profit attributable to owners increased 28% YoY to RMB4.84bn; 9M profit rose 7% to RMB13.93bn, while 9M core profit advanced 41% to RMB14.90bn.

Financial highlights

• 9M revenue was RMB272.56bn, up 13% YoY; gross profit reached RMB48.93bn versus RMB39.58bn in the restated prior period.

• 9M profit before tax increased to RMB16.72bn from RMB15.85bn; profit for the period was RMB14.00bn versus RMB13.09bn.

• 9M R&D expenses rose to RMB14.44bn from RMB11.72bn; distribution and selling expenses were RMB15.40bn versus RMB13.85bn.

Outlook and guidance

• Directors expect sufficient financial resources to meet obligations for at least 12 months from 30 September 2026, based on cash-flow projections, financing resources and liquidity measures.

• Net current liabilities improved to RMB8.745bn at 30 September from RMB15.042bn at 30 June, a RMB6.297bn or 42% reduction, driven by operating cash inflows and working-capital management.