China's BAIC Motor nine-month operating income drops, posts net loss

Baic Motor

29/10/2026 11:23

Overview
China automaker's nine-month operating income fell sharply yr/yr, company posted net loss

Outlook
Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers
OPERATING-INCOME DECLINE – Operating profit swung to a RMB 961.4 mln loss as total operating income fell, outpacing lower costs
ASSET IMPAIRMENTS – RMB892.9 mln in asset impairment losses, versus a RMB 0.1 mln gain a year earlier, weighed on operating profit
INVESTMENT AND FAIR-VALUE LOSSES – Investment losses widened to RMB 610.0 mln and fair-value changes turned to a RMB 111.9 mln loss, impacting profit

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Operating Income
 
RMB 84.96 bln
 
9M Net Loss Attributable
 
RMB 3.09 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy."
Wall Street's median 12-month price target for BAIC Motor Corp Ltd is HK$0.80, about 21.2% above its October 29 closing price of HK$0.66

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)