Here’s a polished English translation of the Chinese title: **”Sustained High Growth in Export Performance: Lucanet Empowers Chery Automobile to Build a Global Financial Digital Intelligence Foundation”**

ShanghaiJune 10, 2026 /PRNewswire/ — In 2026, amid the wave of China’s automotive industry accelerating its transformation toward globalization and high-end development, Hong Kong-listed company Chery Automobile delivered a highly impressive opening performance: cumulative sales in the first five months exceeded 1.1 million vehicles, with overseas exports reaching 752,755 units, a sharp year-on-year increase of 69.5%, setting a new record for Chinese automakers with over 700,000 exports in May. On average, one Chery vehicle rolls off to the global market every 17 seconds. Against the backdrop of profitability pressures and sluggish growth in the automotive industry, Chery achieved a counter-trend rise across sales, exports, and new energy vehicles, demonstrating strong operational resilience and explosive growth.

As the business footprint expands and the global layout deepens, the pressure on group financial management and control intensifies. Supporting this global automaker’s steady growth while safeguarding compliance and profit margins is the digital financial consolidation reporting system built in partnership with Lucanet. Recently, Lucanet summarized its service case with Chery.

Lucanet × Chery Automobile: A Digital System Addressing Core Global Financial Pain Points

As a Hong Kong-listed company, Chery Automobile operates multiple parallel financial systems both domestically and internationally, involving over 20 foreign currencies, a multi-business, multi-tiered organizational structure, and complex consolidation scenarios such as internal transactions and intercompany eliminations. Additionally, stringent requirements for financial reporting, audit traceability, and regulatory compliance demand high data transparency and timely output.

Lucanet, as a professional service provider specializing in group financial digitalization and consolidation reporting, has served numerous large listed group companies. It deeply understands the financial pain points of multinational operations, multi-organizational structures, and multi-currency accounting. This expertise made Lucanet the core partner for Chery Automobile’s digital transformation, laying a solid financial foundation for its global development.

After project initiation, the Lucanet team did not rush to implement functions. Instead, they spent two and a half months delving into business scenarios, conducting nearly 100 research and discussion sessions with Chery’s finance team. They meticulously sorted out the accounting logic for over 200 subsidiaries across all currencies and business chains, building a consolidation reporting control platform tailored to Chery’s development.

The implemented system achieved full-process automation, visualization, and high compliance, covering the entire group’s financial chain with value:

1. Full Data Automatic Integration, Bridging Domestic and International Systems:
   Connected interfaces for domestic SAP and international SAP systems, breaking down data silos across global subsidiaries, enabling data integration for over 200 companies. Notably, it achieved voucher-level traceability for nearly 50 overseas subsidiaries, ensuring data authenticity and accuracy, and maintaining consistency between accounts and statements.
2. Multi-Currency and Reconciliation Automation:
   For Chery’s over 20 foreign currency business scenarios, the Lucanet system automated foreign currency statement conversion and translation, supporting foreign currency transaction reconciliation, automatically identifying and reducing reconciliation differences, ensuring foreign currency accounting complies with accounting standards with precise and error-free data.
3. Transparent and Visual Adjustment Process:
   The system automated and visualized processes such as reclassification and audit adjustments, covering all scenarios including intercompany balances, transactions, cash flows, long-term investments, and unrealized profits. It not only adapts to current multi-business operations but also reserves ample expansion space for future equity changes, mergers and acquisitions, and industrial upgrades.
4. Improved Report Generation Efficiency:
   The system achieved full-chain automated generation of individual statements, consolidated statements, notes to financial statements, and individual schedules, covering over 80 notes and 70 individual schedules, encompassing various disclosure scenarios such as account balances, aging intercompany items, change details, and related party transactions. The automation rate for consolidated statements exceeded 80%, effectively providing data support for financial decision-making.
5. Strategic Value Highlighted:
   Enhanced global support capabilities, strengthened group financial management and control, improved M&A integration efficiency, drove financial digital transformation, and provided real-time, reliable data insights for group strategy.

Today, as more Chinese brands go global, the collaboration between Chery Automobile and Lucanet undoubtedly offers a directly referenceable digital model for many large groups expanding and deploying overseas.

As companies scale up and expand overseas, competition is no longer just about front-end markets and products. Back-end financial governance, risk control, and data capabilities are key to steady and sustained growth. By leveraging professional digital tools to unify accounting standards, simplify complex processes, and strictly adhere to compliance boundaries, companies can achieve a dual advancement in scale and profitability quality.

Note: Chery Automobile mentioned in this article is a client of Lucanet. Related data is compiled based on public information and project-authorized content.