GAC Group 2024 Annual Results Forecast Announcement

SZSIjust now · Announcements

Express News | Guangzhou Automobile Group - Expected Result Due to Disposals of Equity Interests in Some Investee Cos, Among Others

Reuters08:08 ET

GAC GROUP: PROFIT WARNING REGARDINGANNUAL RESULTS OF 2024

HKEX08:05 ET · Announcements

Express News | Guangzhou Automobile Group Says Board Approves Plan to Set up Project Firm Tentatively Named GH With Registered Capital of 1.5 Bln Yuan for Cooperation With Huawei

Reuters08:05 ET

Express News | Guangzhou Automobile Group Sees 2024 Net Profit Down 72.9-81.9% Y/Y

Reuters06:57 ET

Guangzhou Automobile Group (601238.SH): The net income for 2024 is expected to decrease by 72.91% to 81.94% year-on-year.

On January 10, GELON Group reported that Guangzhou Automobile Group (601238.SH) announced its annual performance forecast for 2024. According to preliminary estimates by the finance department, the net income attributable to the owners of the parent company is expected to be between 0.8 billion yuan to 1.2 billion yuan, a decrease of 72.91% to 81.94% year-on-year. The net income attributable to the owners of the parent company after deducting non-recurring gains and losses is expected to be between -3.3 billion yuan to -4.7 billion yuan, a decrease of 192.37% to 231.56% year-on-year. Due to factors such as price competition in the auto industry and drastic changes in the competitive landscape, auto sales have decreased; meanwhile, measures are being taken to cope with the market.

Gelonghui Finance06:56 ET