每经记者｜孙磊 每经编辑｜裴健如 图片来源：广汽集团官微 合资品牌也呈现出了类似的态势，第三季度销量环比上涨9.30%，至26.78万辆。其中，广汽本田第三季度销量为6.93万辆，环比上 涨11.85%；广汽丰田第三季度销量为19.85万辆，环比增长8.43%，同比增长9.15%，实现了同、环比双增。 10月24日，广汽集团发布了2025年第三季度报告。报告期内（2025年第三季度），公司合并营业总收入243.18亿元人民币，同比下 降14.62%，环比上涨6.98%。 海外市场被广汽集团视为破局关键。广汽集团董事长冯兴亚在2025年半年度报告中强调，将举全集团之力开拓国际市场，力争打 造多个5万~10万辆级核心市场及全球明星车型。从三季度报来看，今年前三季度，广汽集团海外终端销量同比增长36.5%。 不过，广汽集团仍处亏损状态，今年第三季度归属于上市公司股东的净利润亏损17.74亿元，前三季度归属于上市公司股东的净利 润亏损43.12亿元。 对此，摩根士丹利发布研报称，广汽集团利润大幅下滑，市场担忧其自有品牌发展。不过，合资品牌销售有好转迹象，广汽集团 有望通过整合和削减成本，收窄自有品牌亏损，实现盈利复苏 ...

Core Viewpoint - GAC Group reported a significant decline in performance for the first three quarters of 2025, with a notable drop in revenue and a shift from profit to loss [1] Financial Performance - The company's operating revenue was approximately 66.272 billion yuan, representing a year-on-year decrease of 10.49% [1] - The net loss attributable to shareholders was around 4.312 billion yuan, marking a transition from profit to loss compared to the previous year [1] - Basic loss per share was reported at 0.42 yuan [1] Contributing Factors - The decline in performance is attributed to intense competition within the domestic automotive industry [1] - Rapid upgrades in demand structure have led to a decrease in both vehicle sales and profitability [1] - The previous year's profit was also impacted by the valuation premium from the Hong Kong listing of GAC's subsidiary, GQY Technology Co., Ltd. (stock code: 9680), resulting in a reduction in total profit compared to the same period last year [1]

Core Insights - GAC Group reported a net loss of 1.774 billion yuan in Q3 2025, with a year-to-date net loss of 4.312 billion yuan [1] - The company's operating revenue for Q3 2025 was 24.106 billion yuan, a year-on-year decrease of 14.63% [1] - The decline in performance is attributed to intense competition in the domestic automotive industry and rapid changes in demand structure, leading to a drop in both sales and profitability [1] Financial Performance - Q3 2025 operating revenue: 24.106 billion yuan, down 14.63% year-on-year [1] - Net loss for Q3 2025: 1.774 billion yuan [1] - Year-to-date net loss: 4.312 billion yuan [1] Market Conditions - The automotive industry is facing fierce competition domestically [1] - There is a rapid upgrade in demand structure affecting sales and profitability [1] - Previous year's performance was boosted by the valuation premium from the IPO of GAC's subsidiary, Zhqi Mobility [1]

广汽集团公告，2025年第三季度营业收入为241.06亿元，同比下降14.62%。归属于上市公司股东的净利 润为-17.73亿元。 ...

Core Insights - GAC Group reported a revenue of approximately RMB 24.106 billion for Q3 2025, representing a year-on-year decrease of 14.62% [1] - The company experienced a net loss of approximately RMB 1.773 billion, which is an increase of 27.02% compared to the previous year [1] - Basic earnings per share were reported at -0.17 RMB [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣 州 汽 車 集 團 股 份 有 限 公 司 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份編號：2238） 海外監管公告 二零二五年第三季度報告 本第三季度報告由廣州汽車集團股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.09及13.10B條發出。本報告載列的本公司及其附屬公司第三季度業績 乃根據中國企業會計準則編製，未經審計。本報告之原文以中文撰寫。 重要內容提示 （一）本公司董事會（「董事會」）、董事及高級管理人員保證季度報告內容的真實、準確、 完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 - 1 - 一、主要財務數據 （一）主要會計數據和財務指標 單位：元 幣種：人民幣 | | | | | 年初至 | | --- | --- ...

Core Insights - GAC Group reported a total sales volume of 1.1837 million vehicles and a consolidated revenue of 66.929 billion yuan for the first three quarters of this year [1] - The "Panyu Action" initiative has led to consecutive quarter-on-quarter increases in revenue and sales for GAC Group [1] - GAC Toyota has shown remarkable performance with a third-quarter sales volume of 198,511 vehicles, reflecting a quarter-on-quarter growth of 8.43% and a year-on-year growth of 9.15% [1] - The GAC Toyota-developed model, Platinum Smart 3X, has been launched in Hong Kong, marking it as the first Chinese-developed vehicle to enter Toyota's global sales system [1] - GAC Group's overseas terminal sales increased by 36.5% year-on-year from January to September, with operations in 85 countries and regions, and the establishment of over 570 sales outlets, 5 overseas factories, and 7 transit warehouses [1] - In the third quarter, GAC Group expanded its presence into several European countries, including the UK, Poland, Portugal, and Finland [1]

Core Insights - GAC Group (601238.SH) reported a third-quarter revenue of 24.106 billion yuan, representing a year-on-year decline of 14.62% [1] - The net profit attributable to shareholders was -1.774 billion yuan, indicating a loss [1] - Basic earnings per share were -0.17 yuan [1]

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 66.929 billion yuan and sold 1.1837 million vehicles, with Q3 revenue reaching 24.318 billion yuan, a quarter-on-quarter increase of 6.98% [1] - The total vehicle sales in Q3 were 428,400 units, reflecting a quarter-on-quarter growth of 11.49% [1] - All automotive enterprises under the company experienced positive sales growth in Q3, with self-owned brands collectively selling over 159,500 units, a quarter-on-quarter increase of 15.09% [1] Group 2: International Expansion - The company is accelerating its international strategy, with overseas terminal sales increasing by 36.5% year-on-year, covering 85 countries and regions [2] - In Q3, the company entered markets in the UK, Poland, Portugal, and Finland, planning to deliver two global strategic models in Europe by Q1 2026 [2] - The goal is to achieve full coverage of the European market by 2028, with plans to establish multiple core markets of 50,000 to 100,000 units [2] Group 3: Research and Development - The company expects its R&D investment to exceed 10 billion yuan in 2025, focusing on intelligent driving assistance, smart cockpits, and electronic architecture [2] - The company participated in a national-level "vehicle-road-cloud integration" collaborative development testing action, becoming the first automaker to publicly validate cloud-supported intelligent driving system functions [2] Group 4: New Energy and Technology - The company launched the "Star Source Range Extender" technology in August, achieving leading indicators in energy conversion and efficiency [2] - The company has completed a full-chain layout for vehicle-to-grid (V2G) technology, with the largest V2G demonstration project in the country, which has discharged over 250,000 kWh as of October 19 [3] - The company has delivered prototypes of its multi-rotor flying car, GOVY AirCab, in Hong Kong and Beijing, receiving over a thousand intent orders [3] Group 5: Strategic Partnerships - The collaboration with Huawei has made significant progress, with the announcement of a high-end smart electric vehicle brand "Qijing," and the first model is set to launch in mid-2026 [3]

南方财经10月24日电，广汽集团公告，2025 年第三季度内公司合并营业总收入243.18亿元，环比涨 6.98%；汽车销量42.84万辆，环比升11.49%；归属于上市公司股东的净利润亏损 17.74 亿元；基本每股 收益-0.17 元。前三季度实现营业收入 662.72 亿元，同比下降 10.49%；归属于上市公司股东的净利润亏 损 43.12 亿元；基本每股收益-0.42 元。 ...