BAIC Motor Corporation Limited (01958.HK): Expected to Swing From Profit to Loss in Interim Period, Net Loss Attributable to Equity Holders Ranging From RMB 1.55 Billion to RMB 1.65 Billion

NewTimeSpace · 2026/07/29 08:11 · By Xuran Lin

NewTimeSpace News: BAIC Motor disclosed in an announcement dated 28 July that the Group expects to record a net loss attributable to equity holders of approximately RMB 1.55 billion to RMB 1.65 billion for the first half of 2026, representing a swing from profit to loss compared with the corresponding period last year.

NewTimeSpace News: On 28 July 2026, BAIC Motor Corporation Limited (01958.HK) issued a profit warning. The Group anticipates an interim net loss attributable to owners of between RMB 1.55 billion and RMB 1.65 billion, versus a profit booked in the same period of last year.

According to the announcement, the loss is mainly driven by fierce competition in China’s domestic automobile industry during H1 2026, which dragged the Company’s vehicle sales below expectations. This, coupled with rising raw material prices and increased marketing investment, jointly led to the adverse interim financial performance.

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