China's Chery Automobile touches 3-week low as H1 profit dips
20/08/2026 07:20
BUZZ-China's Chery Automobile touches 3-week low as H1 profit dips ** Shares of Chery Automobile 9973.HK slip 3% to HK$24.62, their lowest level since July 28
** Stock set for the biggest one-day pct drop since August 6 in the third consecutive session of decline
** The Chinese automaker said its H1 profit attributable dropped 11.7% y/y to 8.57 billion yuan ($1.27 billion), net profit margin fell to 6.3% from 7%, while revenue up 1.2% y/y to 143.28 billion yuan
** The company said it plans to further expand its product lineup in the second half of 2026 and expand its international footprint through its globalisation strategy, among others
** YTD, stock down 20%, benchmark Hang Seng Index .HSI up 0.7%
($1 = 6.7244 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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