Great Wall Motor Company (2333) Q3 2026 earnings summary

Executive summary

• Unaudited Q3 revenue was RMB57.77bn, down 5.68% YoY; net profit attributable to shareholders was RMB1.36bn, down 40.75%.

• 9M revenue rose 4.09% YoY to RMB159.87bn, while attributable net profit fell 55.69% to RMB3.83bn.

• Overseas sales growth under the global brand strategy and “ONE GWM” model was outweighed by domestic market weakness; delayed overseas tax-subsidy recovery and FX fluctuations also pressured 9M profit.

Financial highlights

• Q3 total profit was RMB1.84bn, down 37.49% YoY; 9M total profit was RMB5.12bn, down 48.52%.

• 9M operating profit was RMB5.00bn versus RMB9.77bn in 2025; operating costs increased to RMB156.22bn from RMB147.23bn.

• 9M net profit attributable to shareholders after deducting non-recurring gains/losses was RMB2.59bn, down 52.69%; Q3 was RMB980.0m, down 48.25%.

• Non-recurring gains/losses totaled RMB1.24bn for 9M and RMB381.6m for Q3.

Key financial ratios and metrics

• 9M basic and diluted EPS were RMB0.45 per share, down 55.45% YoY; Q3 EPS was RMB0.16, down 40.74%.

• Weighted average return on net assets was 4.32% for 9M and 1.55% for Q3.

• Total assets were RMB232.59bn at 30 September 2026, up 3.24% from year-end 2025; attributable shareholders’ equity was RMB87.87bn, down 0.03%.