GAC Group reports significant revenue and profit decline in Q1 2025
Guangzhou Automobile Group (GAC Group) [SSE:601238] reported a substantial decrease in both revenue and profitability in its first quarter 2025 report. Operating revenue fell by 7.95% to CNY19,649.57 million, compared to CNY21,346.44 million in the same period last year. Net profit attributable to shareholders plummeted by 159.95% to negative CNY731.61 million, a significant contrast to the previous year's CNY1,220.35 million profit. The decline is attributed to a decrease in overall vehicle sales and intensified competition within the automotive market, leading to increased promotional expenses. Cash flow from operating activities also saw a steep decline of 82.59%, resulting in negative CNY11,209.83 million. Basic and diluted earnings per share both reflected this downturn, each registering negative CNY0.07 compared to CNY0.12 in the first quarter of 2024. The company's total assets stood at CNY213,127.59 million, down 8.32% from the end of 2024.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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