Earnings release
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1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Chery Automobile Co., Ltd. ʮ̡ (A joint stock company incorporated in the People ’s Republic of China with limited liability) (Stock Code: 9973) 2025 THIRD QUARTERLY REPORT This announcement is published by Chery Automobile Co., Ltd. (the “Company ”, together with its subsidiaries, the “Group ”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). In order to update the shareholders and investors of the Group ’s information, the board (the “Board ”) of directors (the “Directors ”) of the Company hereby announces the unaudited financial data of the Group for the nine months ended 30 September 2025 (the “Period ”). CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2025 Ninth months ended 30 September 2025 2024 RMB million RMB million (Unaudited) (Unaudited) Revenue 214,833 182,154 Cost of sales (185,369) (155,150) Gross profit 29,464 27,004 Other income and gains 9,139 4,109 Selling and distribution expenses (8,477) (5,804) Administrative expenses (4,111) (4,748) Research and development expenses (7,878) (6,553) Impairment (losses)/gains on financial and contract assets, net (88) 477 Other expenses (252) (459) Finance costs (1,761) (1,954) Share of profits and losses of: Joint ventures 642 768 Associates 486 364 PROFIT BEFORE TAX 17,164 13,204 Income tax expense (2,663) (1,892) PROFIT FOR THE PERIOD 14,501 11,312 Attributable to: Owners of the parent 14,365 11,222 Non-controlling interests 136 90
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2 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2025 30 September 2025 31 December 2024 RMB million RMB million (Unaudited) (Audited) NON-CURRENT ASSETS Property, plant and equipment 28,916 23,443 Right-of-use assets 3,520 3,350 Other intangible assets 2,879 2,057 Investments in joint ventures 11,423 9,793 Investments in associates 6,547 6,364 Equity investments designated at fair value through other comprehensive income 259 313 Prepayments, other receivables and other assets 1,071 839 Financial assets at fair value through profit or loss 61 61 Deferred tax assets 5,251 5,131 Time deposits 25 244 Total non-current assets 59,952 51,595 CURRENT ASSETS Inventories 34,416 36,324 Trade receivables 34,119 17,423 Bills receivables 319 774 Prepayments, other receivables and other assets 11,338 10,505 Prepaid income tax 88 162 Financial assets at fair value through profit or loss 20,434 19,579 Financial assets at fair value through other comprehensive income 5,022 7,547 Derivative financial instruments 60 - Time deposits 17,849 7,319 Restricted bank deposits 655 75 Cash and cash equivalents 59,274 62,693 Total current assets 183,574 162,401
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3 30 September 2025 31 December 2024 RMB million RMB million (Unaudited) (Audited) CURRENT LIABILITIES Trade and bills payables 108,205 101,496 Other payables and accruals 29,653 22,437 Derivative financial instruments 4 - Interest-bearing bank loans and other borrowings 13,572 20,068 Lease liabilities 490 366 Tax payable 2,941 3,120 Contract liabilities 14,021 15,319 Provision 3,702 2,816 Deferred income 885 180 Total current liabilities 173,473 165,802 NET CURRENT ASSETS/(LIABILITIES) 10,101 (3,401) TOTAL ASSETS LESS CURRENT LIABILITIES 70,053 48,194 NON-CURRENT LIABILITIES Other payables and accruals 5,279 4,854 Interest-bearing bank loans and other borrowings 5,456 3,098 Lease liabilities 2,015 1,953 Deferred tax liabilities 262 231 Deferred income 5,819 5,283 Provision 7,312 6,851 Total non-current liabilities 26,143 22,270 Net assets 43,910 25,924 EQUITY Equity attributable to owners of the parent Share capital 5,767 5,470 Reserves 38,839 21,018 Non-controlling interests (696) (564) Total equity 43,910 25,924 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2025
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4 Please be reminded that the information contained in this announcement is only based on the Board’s preliminary assessment of the unaudited management accounts of the Group for the Period, and the information currently available to the Group which has not been audited or reviewed by the auditors of the Company. Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company. By Order of the Board Chery Automobile Co., Ltd. Mr. Yin Tongyue Chairman of the Board Hong Kong, 31 October 2025 As at the date of this announcement, the Board comprises Mr. Yin Tongyue and Mr. Zhang Guozhong as executive Directors, Ms. Wang Laichun, Ms. Li Jing, Mr. Wang Jinhua, Mr. Wang Xiaowei, Mr. Bao Siyu, Mr. Yin Xiangling and Mr. Hu Jingyuan as non-executive Directors, Mr. Shang Wenjiang, Mr. Yang Mianzhi, Mr. Ye Shengji, Mr. Lu Feng, Mr. Yang Shanlin and Mr. Lai Ni Hium, Frank as independent non-executive Directors.