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The latest announcement is out from Chery Automobile Co.,Ltd. ( (HK:9973) ).
Chery Automobile Co., Ltd. reported unaudited results for the first quarter of 2026 showing revenue of RMB 65.87 billion, slightly down from RMB 68.22 billion a year earlier, while gross profit improved to RMB 10.56 billion from RMB 8.46 billion as cost of sales declined. Profit for the period fell to RMB 4.32 billion from RMB 4.73 billion, with lower other income and higher selling, administrative, and R&D expenses offsetting cost savings, though finance costs decreased and contributions from joint ventures and associates rose modestly.
The group’s balance sheet expanded, with total non-current assets increasing to RMB 70.62 billion and current assets rising to RMB 208.42 billion, supported by higher inventories, financial assets, time deposits, and cash and cash equivalents. These figures indicate that despite a dip in top-line and net profit, Chery is strengthening its asset base and continuing to invest in technology and capacity, a stance that could support its competitive position in the automotive sector but may pressure short-term profitability for shareholders.
More about Chery Automobile Co.,Ltd.
Chery Automobile Co., Ltd. is a Chinese automotive manufacturer focused on designing, producing, and selling passenger vehicles and related automotive products. The group operates through multiple subsidiaries, competing in both domestic and international markets, and invests heavily in research and development to enhance its product portfolio and technological capabilities.
Average Trading Volume: 4,529,616
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$181.3B
Learn more about 9973 stock on TipRanks’ Stock Analysis page.