02238 GAC GROUP
- 3.250
- +0.080+2.52%
GAC GROUP News
[Hong Kong Stock Connect] GAC Group (02238)'s net profit for the first quarter decreased by 20.65% year on year to RMB 1.22 billion
Jinwu Financial News | Guangzhou Automobile Group (02238) announced that in the first quarter of 2024, it recorded net profit attributable to shareholders of 1.22 billion yuan (RMB, same below), a year-on-year decrease of 20.65%. Basic earnings per share were $0.12. During the period, revenue of 21.346 billion yuan was recorded, a year-on-year decrease of 19.12%. The gross profit reached 1,131 billion yuan, an increase of 85.5% over the previous year. The gross margin was 5.24%, up 2.95 percentage points from the same period last year. Meanwhile, GAC Trumpchi and GAC Aian's profit and loss narrowed by 23.9% compared to the same period last year.
廣汽集團：海外監管公告 二零二四年第一季度報告
GAC Group (02238) plans to appoint Shinaga Zhonghe as auditor
Zhitong Finance App News, Guangzhou Automobile Group (02238) issued an announcement. Guangzhou Automobile Group Co., Ltd. held the 62nd meeting of the 6th board of directors on April 26, 2024 to review and pass the “Proposal on the Appointment of the 2024 Audit Institution” and the “Proposal on the Appointment of the 2024 Internal Control Auditor”. It is proposed to appoint Xinyong Zhonghe Certified Public Accountants (Special General Partnership) as the company's 2024 China Accounting Standards financial reporting and internal control auditing agency.
GAC launches autonomous driving “Assault”
Author | Cao Anxun proposed achieving 1 trillion dollars in revenue by 2030, more than a year after becoming a world-class technology company, GAC's trillion blueprint gradually became clear. On April 25, at the Beijing Auto Show, Feng Xingya, general manager of GAC Group, announced the “Smart Drive 2027” action plan to make every effort to achieve the goal of driverless driving. Specifically, GAC plans to use three years to achieve the two major leaders in product experience and travel scenarios, based on GAC's AI big model platform, Xingling electronic and electrical architecture, and intelligent connected big data platform, and supported by intelligent ecology, R&D investment, and talent.
廣汽集團：2023 年度報告
2024 Trumpchi New Energy E9 launched, exclusive edition sold for 299,800 yuan for a limited time
On the afternoon of April 26, Sina Technology reported that during the 2024 Beijing Auto Show, GAC Trumpchi unveiled EV+, a worry-free solution for users in the new energy era with a full cycle and all scenarios. At the same time, the 2024 Trumpchi New Energy E9 was officially launched, adding an exclusive edition of 299,800 yuan (limited time) and a custom version of 409,800 yuan to meet the diverse needs of different users for new energy luxury MPVs. In addition, the four-seat high-definition version of the Trumpchi New Energy E9, which was created by GAC Trumpchi in partnership with the German brand Lawrence for high-end business people, also began pre-sale at the same time. The pre-sale price was 799,000 yuan. 2024
CPCA Expects China's NEV Retail Sales at 720,000 in Apr, Flat From Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
Uma Nova Era De Crescimento: Conferência Internacional De Distribuidores Globais Da GAC 2024
GUANGZHOU, China, 24 de abril de 2024 /PRNewswire/ -- A GAC encerrou sua Conferência Internacional de Distribuidores Globais de 2024 com sucesso retumbante. Com o tema "A qualidade lidera nosso cami
Une Nouvelle Ère De Croissance : 2024 GAC International Global Distributor Conference
GUANGZHOU, Chine, 24 avril 2024 /PRNewswire/ -- GAC a clôturé avec un succès retentissant sa Conférence internationale des distributeurs 2024. Sous le thème « La qualité nous mène à l'avenir
China's NEV Retail at 420,000 in Apr 1-21, Down 2% From Same Period Last Month
China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.
China EV Insurance Registrations for Week Ending Apr 21: Nio 2,990, Tesla 5,160, BYD 59,470
Li Auto's insurance registrations last week were 4,460, down 37.36 percent from the previous week, while Xpeng's were 2,460, up 55.7 percent from the previous week.
Chinese Commercial Vehicle Sales Rise 10% in Q1
Chinese commercial vehicle sales jumped 10% to more than 1 million in the first quarter, Xinhua News Agency reported Sunday, citing the China Association of Automobile Manufacturers.
Lacklustre Performance Is Driving Guangzhou Automobile Group Co., Ltd.'s (HKG:2238) Low P/E
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 10x, you may consider Guangzhou Automobile Group Co., Ltd. (HKG:2238) as an attractive investment with it
Market Chatter: Guangzhou Automobile Group NEV Brand Qiji Plans Fundraiser, IPO; Hong Kong Shares Rise 3%
Guangzhou Automobile Group (HKG:2238, SHA:601238) new energy vehicle brand Qiji Automobile plans to raise funds in the next two months and is mulling an initial public offering, Yicai Global reported
Changes in Hong Kong stocks | GAC Group (02238) AH shares surged, says it may have reached a major cooperation with Huawei
The Zhitong Finance App learned that GAC Group (02238) AH shares all rose more than 3%. As of press release, A shares were up 3.6%, and H shares were up 2.91% to HK$3.18, with a turnover of HK$71.1033 million. According to reports, photos of a “secret meeting” between senior leaders of Huawei and GAC came to light a few days ago. The GAC trip was led by Chi Linchun, president of the Huawei Smart Vehicle Solution BU Marketing and Sales Service Department, and Hu Runze, chief expert. Feng Xingya, general manager of GAC Group, Huang Yongqiang, general manager of GAC Passenger Vehicle, and core technical leaders are all on the list. Outsiders generally speculate on Huawei's current cooperation
China Automobile Association: The top ten automobile sales companies in January-March sold a total of 5.689 million vehicles, accounting for 84.7% of total automobile sales
From January to March 2024, the top ten automobile sales companies (groups) sold a total of 5.689 million vehicles, accounting for 84.7% of total automobile sales.
GAC has intensively shown a wave of muscle
Author | Editor Cao Anxun | Zhou Zhiyu continued to release a series of new technologies after leveraging new energy to achieve record high production and sales of its own brands in 2023. On April 12, 2024 GAC Technology Day, GAC launched the first domestic autonomous driving system with no image and pure vision — the Garcia Smart Driving System and an all-solid-state power battery. Both technologies are scheduled to be installed in 2026, and will be the first to be installed in Haobo models. These two technologies are also at the peak of current competition among car companies. GAC is trying to use this to emphasize its technological leadership to the outside world in order to gain consumer recognition
China's NEV Retail at 260,000 in Apr 1-14, up 2% From Same Period Last Month
China's retail penetration of NEVs was 50.39 percent in April 1-14, and 38 percent year-to-date.
GF Securities: Significant flexibility in demand growth in exchange is expected to become a new driving force for total passenger car growth in the next phase
Demand for swaps will grow significantly in the next few years, and it is expected to become a new driving force for total volume growth in the next phase.
Asia Pacific Co., Ltd. (002284.SZ) is a supplier to the GAC Group and provides related basic braking and automotive electronics products
Gelonghui, April 17 | Asia Pacific Co., Ltd. (002284.SZ) said on the investor interactive platform that the company and Guangzhou Automobile Group Parts Co., Ltd. jointly funded the establishment of “Guangzhou Asia Pacific Automobile Chassis Systems Co., Ltd.” The company is a supplier to the GAC Group, and the company provides related basic braking and automotive electronics products.
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