Chery Q1 net profit falls over 10%

Chery reported a net profit of RMB 4.17 billion for Q1 2026, a 10.52% YoY decline. The company also recorded total revenue of RMB 65.87 billion for the period, down 4.86% from the previous year. As of March 31, Chery held total assets of RMB 279.04 billion and net assets of RMB 55.31 billion, marking an 8.88% increase from the end of 2025.