Financial Results
Chery Automobile Co., Ltd. (9973.HK) reported total revenue of RMB 241.234 billion for the first three quarters of 2026, up 12.29% year on year. The results cover the period ended September 30, 2026.
Gross profit was RMB 39.004 billion, up 32.38% year on year, and the gross margin was 16.17%, up 2.46 percentage points. Profit for the period was RMB 14.595 billion, and profit attributable to owners of the company was RMB 13.963 billion.
Research and development expenses were RMB 11.046 billion, up 40.21% year on year, a pace about 3.3 times the revenue growth rate.
Global Operations and Sales
Chery activated its European operations center, its research institute in Spain and its Rosslyn plant in South Africa, and said it is moving from product exports toward ecosystem and system exports as a globally operating, decentralized corporate citizen integrated into local markets.
Chery ranked first among all brands in UK sales for two consecutive months. The company held a top-three industry position in wholesale volume for six consecutive months and accounted for one-seventh of China's new energy vehicle exports.
The new QQ3 recorded sales above 10,000 units for six consecutive months. The Fengyun A9 ranked first in sales among pure electric mid-size cars in the RMB 150,000 class, and the Zhijie V9 ranked first in sales among MPVs above RMB 400,000 for four consecutive months.
The Zongheng G700 ranked first in sales among Chinese luxury SUVs in eight countries, including Saudi Arabia, the United Arab Emirates and Mexico.