JAC Motors reports 1.14 billion yuan loss for first nine months of 2026
Chinese automaker JAC Motors saw revenue rise to 34.37 billion yuan through September 2026, yet the company posted a net loss of 1.14 billion yuan amid ongoing strategic investments.
JAC Motors has released its financial results for the first three quarters of 2026, reporting revenue of 34.37 billion yuan, an increase of 11.33% compared to the same period in 2025. Despite top-line growth, the automaker remains unprofitable, recording a net loss attributable to shareholders of 1.14 billion yuan.
For the third quarter alone, revenue reached 12.24 billion yuan, representing a 6.33% growth. The company reported a net loss of 392 million yuan for the quarter. While the bottom line remains negative, management noted a trend of narrowing losses quarter-over-quarter, supported by a rise in gross margins to 12.72% as the company shifts its product mix toward premium new-energy vehicles.
The firm is currently prioritizing the expansion of its high-end vehicle portfolio, including the Maextro brand developed in collaboration with Huawei. However, liquidity remains under pressure with a negative operating cash flow of 4.88 billion yuan, which the company attributed to increased capital commitments and production ramp-up costs. JAC Motors ended the period with an asset-liability ratio of 75.11%.