Guangzhou Automobile Group reports Q2 challenges, net loss of RMB25.38 bn

Guangzhou Automobile Group reported a net loss attributable to shareholders of RMB-25.38 billion for the first half of 2025, a significant decrease of 267.39% year-on-year. Basic earnings per share were RMB-0.25. Total revenue for the period was RMB426.11 billion, down 7.88% from the previous year. This downturn is primarily attributed to intense competition in the domestic automotive market and a shift in demand structure impacting vehicle sales. Total vehicle sales for the first half of 2025 were 75.53 million units, a 6.73% decline year-on-year.

Despite the challenging environment, the company emphasized its strategic adjustments, including deepening reforms, activating internal momentum, and enhancing brand competitiveness. The sales mix of energy-saving and new energy vehicles increased to 48.43%. The company also saw growth in specific segments, with new energy vehicle production and sales increasing by 41.4% and 40.3% respectively. Commercial vehicle production and sales grew at a slower pace of 4.7% and 2.6%. The company is actively pursuing new product launches and expanding its international presence.