Chery Auto Reports Interim Profit of RMB 8.567 Billion, Down 11.7% Year-on-Year

Stock News
08/20

Chery Auto (09973) has released its interim results for the six months ended June 30, 2026, posting revenue of RMB 143.28 billion, representing a modest 1.2% increase year-on-year. Profit attributable to shareholders stood at RMB 8.567 billion, reflecting an 11.7% decline compared to the prior corresponding period. Basic earnings per share came in at RMB 1.47.

According to the company's announcement, 2026 marks another year of robust growth momentum for the group, which continues to position itself as one of China's most globally oriented automotive conglomerates. By leveraging a diversified, multi-brand strategy, the company has strengthened its competitive edge and expanded its operational footprint across both emerging and mature markets. Operational efficiency, global product appeal, and technology-driven differentiation remained the cornerstone of Chery Auto's development throughout the reporting period.

The group's multi-brand architecture enables it to cater to a broad spectrum of customers, spanning mass-market vehicles, premium models, family-oriented cars, and smart electric vehicles. Maintaining a well-balanced product mix between fuel-powered and new energy vehicles, the company has continued to accelerate its investments in hybrid and intelligent electric vehicle segments. During the reporting period, Chery Auto solidified its standing as a leading Chinese automobile exporter, underpinned by its deep-rooted overseas presence. Supported by overseas manufacturing bases and localized operations, the group further expanded its sales and service networks across Europe, South America, Africa, and the Middle East.

As of June 30, 2026, Chery Auto operated 12 major production facilities globally, including three located overseas. This strategic footprint enables rapid regional delivery, enhances compliance with local regulatory requirements, and strengthens overall supply chain resilience.

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