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Major Chinese automaker and China's largest vehicle exporter, selling Chery, Exeed, Jetour and iCAR brand combustion and EV vehicles.
Major Chinese automaker and China's largest vehicle exporter, selling Chery, Exeed, Jetour and iCAR brand combustion and EV vehicles.
Sells through dealers and distributors, with exports a large share of volume, which is unusual for a Chinese carmaker. Founded in 1997 by the Wuhu city government in Anhui province, it listed in Hong Kong in 2025 after years as an unlisted group.
In one line: China's export-focused Hyundai/Kia.
Moat: narrow (distribution, scale, brand). China's leading vehicle exporter with an established international dealer network few domestic rivals match.
Headquarters: Wuhu, China · Founded: 1997 · Employees: 70,103
Size Chery Automobile (9973.HK) is a Hong Kong Consumer Discretionary company (Motor Vehicles) with a market value of $17.8B, the 99th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$24.00 on 6 Nov 2026.
Performance Over six months the shares fell 21.7%, against -3.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 11.3% over the last twelve months (peer median +8.0%); the operating margin is 5.1% (peer median 6.3%).
Valuation It trades at 5.8× forward earnings against a peer median of 11.7× (2nd cheapest of 19).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$371B | HK$326B | HK$293B | HK$180B | HK$108B |
| Revenue growth | — | +11% | +62% | +67% | — |
| Gross profit | HK$58.0B | HK$44.9B | HK$39.4B | HK$28.8B | HK$14.9B |
| EBITDA | n/a | HK$19.5B | HK$19.2B | HK$14.2B | HK$6.24B |
| Net income | HK$21.1B | HK$20.6B | HK$15.3B | HK$13.2B | HK$7.29B |
| Free cash flow | n/a | HK$14.3B | HK$41.9B | HK$21.3B | HK$5.60B |
| Capital expenditure | n/a | HK$16.1B | HK$8.33B | HK$7.17B | HK$7.18B |
| Total debt | HK$15.3B | HK$43.9B | HK$29.0B | HK$46.1B | HK$48.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Chery Automobile 9973.HK | $17.8B | -22% | +11% | 5% | 5.8× | n/a |
| Geely Auto 0175.HK | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% |
| Great Wall Motor 2333.HK | $15.7B | -48% | +13% | 2% | 5.9× | -5.1% |
| SAIC Motor 600104.SS | $17.8B | -24% | -3% | 2% | 11.9× | -14.7% |
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 15.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9973.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.7% | +3.0% | 7th lowest of 21 |
| 6-month return | -21.7% | -3.1% | 8th lowest of 21 |
| Distance from 52-week high | -29.5% | -21.4% | 10th lowest of 21 |
| Revenue growth (TTM) | +11.3% | +8.0% | 7th highest of 20 |
| Operating margin | 5.1% | 6.3% | 10th lowest of 21 |
| Forward P/E | 5.8× | 11.7× | 2nd cheapest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chery Automobile 9973.HK | Hong Kong | $17.8B | -22% | +11% | 5% | 5.8× | n/a | n/a |
| SAIC Motor 600104.SS | China | $17.8B | -24% | -3% | 2% | 11.9× | -14.7% | -2.4% |
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
| Stellantis STLAP.PA | France | $17.0B | -40% | -2% | -14% | 8.2× | n/a | n/a |
| Traton 8TRA.DE | Germany | $18.9B | +2% | +1% | 6% | 6.1× | n/a | n/a |
| Tata Motors TMCV.NS | India | $16.6B | -2% | n/a | 9% | 20.7× | 17.8% | n/a |
| Rivian Automotive RIVN | United States | $19.9B | -4% | +11% | -53% | n/a | n/a | n/a |
| Geely Auto 0175.HK | Hong Kong | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% | +29.3% |
| Great Wall Motor 2333.HK | Hong Kong | $15.7B | -48% | +13% | 2% | 5.9× | -5.1% | +15.6% |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | n/a | n/a | n/a |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Suzuki Motor 7269.T | Japan | $27.3B | +26% | +14% | 9% | 9.1× | -0.8% | +14.6% |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| Seres 9927.HK | Hong Kong | $11.4B | -54% | -2% | -4% | 90.9× | n/a | n/a |
| Kia 000270.KS | South Korea | $28.3B | -34% | +8% | 7% | 5.4× | -12.9% | +14.0% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |