Summary by Moomoo AI
GUANGZHOU AUTOMOBILE GROUP CO., LTD. (“GUANGAUTO GROUP”) ANNOUNCES AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. In 2023, Guangxi Group achieved sales revenue of approximately RMB1,297.06 billion, up 17.62% year-on-year; net profit attributable to parent shareholders was RMB44.29 billion, down 44.48% year-on-year; basic earnings per share were RMB0.42, down 45.45% year-on-year. GUANGCAR GROUP'S NEW ENERGY VEHICLE BUSINESS CONTINUED TO GROW AT A HIGH RATE, WITH YEAR-OVER-YEAR SALES OF 57.29 MILLION AND 54.96 MILLION VEHICLES, AN INCREASE OF 81.36% AND 77.55%, RESPECTIVELY, COMPARED TO THE PREVIOUS YEAR. The Board of Directors proposes to pay a final dividend of RMB 0.1 per share.