Group 1 - A new company, Chongqing Wanzhou Changwei Automobile Sales Service Co., Ltd., has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Jiang Siyu, and its business scope includes automobile sales, new energy vehicle sales, and small microbus rental services [1] - The company is wholly owned by GAC Group's subsidiary, GAC Trading Co., Ltd. [1]

Group 1 - A new company, Chongqing Wanzhou Changwei Automobile Sales Service Co., Ltd., was established on September 10, with a registered capital of 10 million RMB [1] - The legal representative of the company is Jiang Siyu, and its business scope includes automobile sales, new energy vehicle sales, and small micro passenger car rental services [1] - The company is wholly owned by GAC Group's subsidiary, GAC Commerce Co., Ltd. [1]

格隆汇9月11日丨广汽集团(601238.SH)在互动平台表示，广汽集团目前专注于汽车及相关领域的业务发 展，暂无进入军工品产业的计划。 ...

Group 1 - GAC Group has announced its partnership with the 15th National Games and the 12th National Paralympic Games, marking a new phase in their collaboration [1] - The 15th National Games is the first comprehensive sports event jointly hosted by the Guangdong-Hong Kong-Macao Greater Bay Area, serving as a platform for regional development and showcasing Chinese sports spirit [1] - GAC Group will leverage its innovation in automotive technology to provide comprehensive and high-quality transportation services for the events, featuring a diverse range of vehicles to meet various transportation needs [1] Group 2 - GAC Group has a history of supporting sports development in China, having provided quality services for various events such as the Guangzhou Asian Games and international marathons, aligning with the national strategy for a strong sports nation [1]

GUANGZHOU AUTOMOBILE GROUP CO., LTD. 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分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 二零二五年第三次臨時股東大會記錄日期 廣州汽車集團股份有限公司（「本公司」）計劃於二零二五年九月二十九日（星期一）召開及 舉行二零二五年第三次臨時股東大會（「臨時股東大會」）。 為確定符合資格出席臨時股東大會並於會上投票之本公司普通股股本中每股面值人民幣 1.00元之海外上市外資股（「H股」）的持有人的記錄日期為香港時間二零二五年九月二十四 日（星期三）。為符合資格出席臨時股東大會並於會上投票，H股持有人最遲須於香港時間 二零二五年九月二十四日（星期三）下午四時三十分或之前將所有已填妥有關股份過戶文 件連同有關股票送達本公司H股股份過戶登記處卓佳證券登記有限公司，地址為香港夏愨 道16號遠東金融中心17樓。 有關臨時股東大會的詳情（包括會議日期及地點在內）將載於本公司適時發出之通函及相 關會議通告。 廣州汽車集團股份有限公司 馮興 ...

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分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 GUANGZHOU AUTOMOBILE GROUP CO., LTD. 2238 二零二五年第三次臨時股東大會記錄日期 廣州汽車集團股份有限公司（「本公司」）計劃於二零二五年九月二十九日（星期一）召開及 舉行二零二五年第三次臨時股東大會（「臨時股東大會」）。 為確定符合資格出席臨時股東大會並於會上投票之本公司普通股股本中每股面值人民幣 1.00元之海外上市外資股（「H股」）的持有人的記錄日期為香港時間二零二五年九月二十四 日（星期三）。為符合資格出席臨時股東大會並於會上投票，H股持有人最遲須於香港時間 二零二五年九月二十四日（星期三）下午四時三十分或之前將所有已填妥有關股份過戶文 件連同有關股票送達本公司H股股份過戶登記處卓佳證券登記有限公司，地址為香港夏愨 道16號遠東金融中心17樓。 有關臨時股東大會的詳情（包括會議日期及地點在內）將載於本公司適時發出之通函及相 關會議通告。 承董事會命 廣州汽車 ...

Core Viewpoint - GAC Group, once a pillar of the automotive industry in Guangzhou, is now facing significant financial difficulties, reporting a net loss of 2.54 billion yuan in the first half of 2025, marking a drastic decline from a profit of 1.52 billion yuan in the same period last year [1][3][5]. Financial Performance - GAC Group's revenue for the first half of 2025 was 42.17 billion yuan, a decrease of 7.95% year-on-year [3][4]. - The net profit turned into a loss of 2.54 billion yuan, a staggering decline of 267.39% compared to the previous year's profit [3][4]. - The company's non-recurring net loss was 2.94 billion yuan, a drop of 771.11% from the previous year [3][4]. - The net cash flow from operating activities was -10.77 billion yuan, a decline of 508.75% year-on-year [4]. Market Position and Sales - GAC Group's vehicle sales fell by 20.04% in 2024, dropping to 2.003 million units, and further declined by 12.48% in the first half of 2025, totaling 755,000 units [7][8]. - In comparison to 13 other automotive companies, GAC Group had the lowest growth rates in both revenue and net profit [5][6]. Profitability and Margins - The overall gross margin for GAC Group fell to -1.7% in the first half of 2025, indicating a loss of "blood-making" ability [9]. - The gross margin for the passenger vehicle segment dropped to -6.86%, a decrease of 7.9 percentage points from the previous year [9]. Leadership and Strategic Changes - The new chairman, Feng Xingya, took over in early 2025 and initiated a transformation strategy called "Panyu Action," but the results so far have been disappointing [11][15]. - The challenges faced by GAC Group are attributed to long-term issues rather than the actions of the new leadership alone, as the company struggles to adapt to the shift towards electric and autonomous vehicles [13][15].

Market Performance - On September 5, 2025, A-shares saw all three major indices rise, with the Shanghai Composite Index closing at 3812.51 points, up 1.24% [1] - Hong Kong stocks also rebounded strongly, with the Hang Seng Index increasing by 1.43% to 25417.98 points, and the total trading volume reaching 2999.45 billion HKD [1] - In the US market, all three major indices fell, with the Dow Jones down 0.48% to 45400.86 points [1] Forex Reserves - As of the end of August 2025, China's foreign exchange reserves stood at 33222 billion USD, an increase of 299 billion USD from the end of July, marking a rise of 0.91% [4] - The increase in reserves was influenced by expectations of monetary policy from major economies and macroeconomic data, alongside a decline in the US dollar index [4] Public Fund Sales Regulations - New regulations for public fund sales were introduced on September 5, 2025, emphasizing investor interests and encouraging long-term and value investment strategies [4][5] - The revised regulations include measures to increase costs for short-term trading and eliminate sales service fees for funds held longer than one year, thereby reducing long-term investment costs [5] Shenzhen Housing Fund Regulations - Shenzhen's housing fund management regulations are undergoing revisions to support home purchases, including new provisions for down payment withdrawals for first and second homes [6] - The proposed changes allow full withdrawal of the housing fund balance for first homes and up to 60% for second homes, aimed at easing the financial burden on homebuyers [6] Solid-State Battery Industry - The solid-state battery sector is entering a critical catalytic period in September, with key meetings scheduled for standard reviews and project launches [7] - Positive test results for battery cells and materials could lead to an accelerated market entry and increased expectations for installation volumes, suggesting potential for continued innovation in the sector [7]

Group 1 - In 1H25, the company's total operating revenue decreased by 8.0% year-on-year to 42.17 billion yuan, and the net profit attributable to shareholders turned to a loss of 2.54 billion yuan compared to a profit of 1.52 billion yuan in 1H24 [1] - The company's gross profit margin fell by 7.7 percentage points year-on-year to -1.7%, indicating significant pressure on profitability [1] - The decline in performance is attributed to intensified industry competition, a drop in sales of domestic brands, and increased promotional expenditures [1] Group 2 - In 1H25, the company's sales volume decreased by 12.5% year-on-year to 755,000 units, with a notable decline in sales for joint ventures [2] - Investment income from joint ventures and associates decreased by 26.3% year-on-year to 2.4 billion yuan, primarily due to the previous year's valuation premium from the listing of a subsidiary [2] - The company is optimistic about the gradual improvement in sales driven by the transformation of its joint venture brands, with new electric models launched and strong sales performance from key models [2] Group 3 - The company is actively launching new models to rejuvenate its product lineup, including several new vehicles under the GAC brand [3] - A partnership with Huawei has been established to develop high-end smart electric vehicles, with plans to launch the first model by 2026 [3] - The company is enhancing its "technology + ecology" strategy, focusing on smart technology and energy ecosystems, including the establishment of a significant number of charging stations [3] Group 4 - The company maintains an "overweight" rating for its A/H shares, adjusting profit forecasts for 2025E/2026E/2027E to -1.97 billion yuan, 0.08 billion yuan, and 0.96 billion yuan respectively [3] - The outlook remains positive due to the dual improvement prospects from joint ventures and domestic brands, alongside vertical integration in the industry chain [3]

Group 1 - GAC Group reported a total vehicle sales of 135,700 units in August, representing a month-on-month increase of 13.6% [1] - The inventory level of GAC Group decreased by 29.8% year-on-year and 8.6% month-on-month as of August 31 [1] - GAC Trumpchi sold 26,648 units in August, with a month-on-month growth of 10.7%, and its SUV family saw a year-on-year increase of 46.7% [1] Group 2 - GAC Honda's terminal sales reached 28,444 units in August, showing a month-on-month increase of 19.9% [2] - GAC Toyota achieved terminal sales of 66,060 units in August, with a year-on-year growth of 4.8% [2] - GAC's self-owned brand exports increased by 37.3% year-on-year from January to August [2] Group 3 - GAC became the first automaker to obtain dual 3C certification for AC and DC charging piles in August [2] - By the end of August, GAC's self-operated charging network covered 204 cities, with 1,732 charging stations and over 19,129 charging terminals established [2]