Cui Dongshu: In January and February, China's imported Autos were 0.056 million units, a year-on-year decrease of 46%.

In 2024, 0.7 million Autos were imported, a decrease of 12% compared to the previous year. Currently, in January and February 2025, 0.056 million Autos were imported, a decrease of 46% year-on-year, indicating significant ongoing pressure on imported vehicles.

Zhitong FinanceMar 31 08:40 ET

Guangzhou Automobile Group 2024 Profit Falls 81%

MT NewswiresMar 31 02:30 ET

Is the New energy Fund market undergoing a "change of weather"? There is a high consensus among industry, academia, and research: range-extended vehicles are the future mainstream.

① Academician Yang Yusheng of the Chinese Academy of Engineering pointed out that range-extender vehicles are not a transition, but the future global Block Orders, whose green, safe, and long-range characteristics will support Carbon Neutrality. ② Liu Liguo, Senior Vice President of Ideal Autos, suggested that hybrid vehicles with an all-electric range of over 150 kilometers should be included in the New energy Fund green license plate system, achieving equal status for range-extender models with pure electric vehicles in urban areas.

cls.cnMar 31 01:29 ET

[Brokerage Focus] CMB International maintains a Buy rating on Guangzhou Automobile Group (02238), stating that its new management reforms could become a key driver for the stock price.

Jinwu Financial News | According to a Research Report from China Merchants Bank International, Guangzhou Automobile Group (02238) reported Q4 2024 revenue that was 19% lower than the bank's previous forecast. However, after excluding adjustments for warranty claims, the gross margin expanded by 3.5 percentage points to 7.1%, which is 1.2 percentage points higher than expected. A substantial impairment loss of 2.5 billion yuan was offset by the income from the sale of a 19% stake in Giant Bay Technology, and the investment income from joint ventures and government subsidies also exceeded expectations. The net income for Q4 2024 is 0.704 billion yuan (net loss of 2.48 billion yuan after deductions), which is close to the lower limit of the earlier profit warning. The bank indicated that the new management reforms may become a key driving force for the stock price: the bank believes that self-owned products...

Jinwu Financial NewsMar 30 22:40 ET

Guangzhou Automobile Group Faces Challenges in 2024 Earnings

TipRanksMar 28 23:56 ET

Guangzhou Automobile Group (02238) released its annual performance, with Shareholder profit attributable to 0.824 billion yuan, and total annual auto sales exceeding 2 million units.

Guangzhou Automobile Group (02238) announced its annual performance for 2024, with sales revenue of 107.784 billion yuan (RMB, ...

Zhitong FinanceMar 28 12:12 ET