Chongqing Changan Automobile Co., Ltd. (Changan Automobile) saw a double decline in revenue and net profit in the first quarter of this year, with a 74.09% year-on-year decrease in net profit attributable to shareholders of the listed company. The financial report indicates that the poor sales performance of Changan Automobile in the first quarter directly dragged down the company’s current performance.
Changan Automobile released its “First Quarter Report for 2026” on April 28. The report reveals that “operating income was 32,706,438,744.02 yuan, a decrease of 4.26% year-on-year; net profit attributable to shareholders of the listed company was 350,518,930.55 yuan, a decrease of 74.09% year-on-year; and net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was 242,389,017.59 yuan, a decrease of 69.06% year-on-year.” Additionally, the net cash flow generated from operating activities decreased by 232.71% year-on-year.
In the first quarter of 2026, both production and sales of Changan Automobile showed a year-on-year decline. The report indicates that in the first quarter of 2026, Changan Automobile’s cumulative sales volume was 557,500 vehicles, a decrease of 20.94% year-on-year.
On April 11, Changan Automobile released its “2025 Annual Report,” showing that in 2025, the operating income reached 164 billion yuan, a year-on-year increase of 2.67%; the net profit attributable to shareholders of the listed company was 4.075 billion yuan, a decrease of 44.34% year-on-year.
Public data shows that Changan Automobile is a member of China’s four major automotive group enterprises and has a history of 162 years, making it a typical representative of Chinese automobile brands. Changan Automobile owns independent brands such as Changan Qiyuan, Shenlan Automobile, as well as joint venture brands including Changan Ford, Changan Mazda, and Jiangling.
As of the closing of the market on the 27th, Changan Automobile’s stock price was reported at 9.83 yuan per share, a decrease of 0.81%.