Changan Auto Q1 2026 Net Profit Plummets 74.09%

Changan Automobile reported total operating revenue of RMB 32.706 billion for the first quarter of 2026, a year-over-year decrease of 4.26%. Net profit attributable to shareholders of the listed company amounted to RMB 351 million, down 74.09% year-over-year. Net profit after deducting non-recurring gains and losses stood at RMB 242 million, a decline of 69.06% compared to the same period last year. Net cash flow from operating activities was negative RMB 116.47 billion, representing a 232.71% year-over-year decrease. Both basic and diluted earnings per share were RMB 0.04 per share, down 71.43% year-over-year. The weighted average return on net assets was 0.45%, a decrease of 1.30 percentage points from the prior-year period. The significant decline in net profit was primarily attributable to foreign exchange gains from exchange rate fluctuations recorded in the same period last year. Additionally, accounts receivable at the end of the period increased by 179.61% year-over-year, driven by higher receivables from customer sales; accounts payable decreased by 42.35% year-over-year due to reduced procurement volumes.