China's Changan vehicle profits fall to 68 yuan per car

China Changan Automobile Group's financial reports for the first half of 2026 reveal a stark disconnect between overall corporate profit and the actual profitability of its vehicle sales. While the group reported a total net profit of 817 million yuan, the core automotive business contributed only about 80 million yuan to that figure. Analysis by Zaker Finance indicates that the majority of the group's bottom line was driven by government subsidies and investments rather than car sales. When isolated, the automotive segment's profit per vehicle dropped to approximately 68 yuan (about 866 rubles) for the first six months of 2026. This is a massive decline from the first half of 2024, when the group earned 2,120 yuan per car. To put this in market context, Changan's per-vehicle profit of 68 yuan trails significantly behind its competitors. According to Zaker Finance, Geely Automobile earns roughly 6,400 yuan per car, BYD earns 3,600 yuan, GWM earns 2,400 yuan, and SAIC earns 1,700 yuan.