关于广州汽车集团股份有限公司 2024 年度营业收入扣除情况的 专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 2024 年度营业收入扣除情况表 | | the state of 关于广州汽车集团股份有限公司 2024 年度营业收入扣除情况的专项说明 XYZH/2025GZAA5B0320 广州汽车集团股份有限公司 广州汽车集团股份有限公司全体股东: t and state 联系电话: 信永中和会计师事务所 | 北京市东城区朝阳门北大街 8 号富华大厦 A 座 9 层 hineWi 9/F. Block A. Fu Hua Mansio No 8 Chaovangmen Beidaiie Dongcheng District. Bellin 100027 P R China 我们按照中国注册会计师审计准则审计了广州汽车集团股份有限公司(以下简称广 汽集团)2024年度财务报表,包括2024年12月31日的合并及母公司资产负债表、2024年 度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变动表, 以及相关财务报表附注(以下简称财务报表),并于 ...

Group 1 - GAC Group has partnered with Alibaba Cloud to accelerate its overseas expansion [1] - The company faces three main challenges in its internationalization: infrastructure, ecological services, and intelligent product capabilities [1] - To quickly expand into overseas markets, GAC Group has chosen Alibaba Cloud as its partner [1] Group 2 - GAC Group is implementing a "regional center + national station" hybrid architecture to address overseas regulatory requirements [1] - The overseas vehicle networking system of GAC Group has been deployed on the Alibaba Cloud platform [1]

Core Viewpoint - GAC Group has initiated airworthiness certification for its multi-rotor flying car, GOVY AirCar, which aims to address urban traffic congestion for short-distance travel within 20 km [1] Group 1: Product Development - GAC Group has incubated the flying car brand GOVY, launching two models: GOVY AirCar and GOVY AirJet [1] - GOVY AirCar is designed for short-distance travel needs within 20 km, while GOVY AirJet targets medium-distance travel up to 200 km, enhancing intercity transportation efficiency [1] Group 2: Market Demand - The introduction of GOVY AirCar addresses the demand for short-distance travel solutions, particularly in urban areas facing traffic congestion [1] - GOVY AirJet aims to improve rapid mobility between urban centers and transportation hubs, catering to the growing need for efficient intercity travel [1]

Group 1 - GAC Group is implementing a comprehensive reform of its independent brand integration to adapt to rapid technological and market changes, aiming for a sales target of 2 million units by 2027 [1] - The company is restructuring its large R&D system centered around the Integrated Product Development (IPD) process, enhancing group-level R&D capabilities [1][2] - The new R&D system focuses on a "market + technology" dual-driven product development model, integrating various departments to strengthen systematic innovation capabilities [1][2] Group 2 - The reform emphasizes building a user-centered core product development capability, aiming to shorten the product development cycle from 26 months to between 18 and 21 months, while reducing R&D costs by over 10% [2] - GAC plans to launch 16 new and mid-cycle models over the next three years, leveraging synergies among its three major independent brands [2] - The company is enhancing its marketing, communication, and service channels to improve user experience and address diverse user needs with various powertrain options [2] Group 3 - GAC Group is expanding its international presence under the ONE GAC brand, targeting over 100 countries and regions with more than 1,000 outlets in the next three years [3] - The company plans to create a product matrix for overseas markets, introducing nine new models and focusing on localized production in strategic regions [3] - Since the implementation of the "Panyu Action," GAC has achieved preliminary results in its R&D reform and aims to transition from "single-point breakthroughs" to "systematic success" for its independent brands [3]

Core Viewpoint - GAC Group is transitioning from a traditional separation of research, production, and sales to a more integrated operation model for its self-owned brands, aiming to enhance competitiveness against joint venture brands and increasing competition from domestic brands [1][2]. Group 1: Reform and Development Strategy - GAC Group has initiated a comprehensive reform in its self-owned brand marketing since January, focusing on integrating its research and development (R&D) capabilities [1]. - The restructuring of the R&D system includes five key components: product division, styling design institute, vehicle development research institute, platform technology research institute, and supporting functional departments, forming a "market + technology" product development model [1][2]. - The goal is to achieve a sales target of 2 million units for self-owned brands by 2027 [1]. Group 2: R&D Efficiency and Product Strategy - The new end-to-end development process, termed "insight-demand-development-delivery," will reduce the product development cycle from 26 months to 18-21 months and lower R&D costs by over 10% [2]. - In Q1 2023, GAC Group's total sales were approximately 371,200 units, a year-on-year decline of 9.42%, with new energy vehicle sales at about 66,800 units, down 6.46% [2]. - GAC Group plans to launch 16 new and modified models over the next three years, increasing the number of models from 17 to 32, covering a price range of 60,000 to 300,000 yuan [2]. Group 3: International Expansion - GAC Group is launching the ONE GAC brand and plans to enter over 100 countries and establish more than 1,000 outlets in the next three years [3]. - The company aims to create a product matrix of "fuel + multi-energy + pure electric" for overseas markets, introducing nine new models and adopting a localized strategy tailored to specific market needs [3]. - GAC has confirmed plans for localized production in Brazil and will establish a research center there, focusing on flexible fuel technology, clean energy, electrification, and smart technology [3].

Group 1 - The core viewpoint of the report indicates that GAC Group's Q1 performance fell short of expectations, with joint venture brand sales continuing to decline, presenting short-term challenges [1] - GAC Group's Q1 2025 revenue decreased to 19.88 billion RMB, down 7.8% year-on-year and 39.8% quarter-on-quarter, with a net loss of 730 million RMB due to weak automotive demand, intensified market competition, increased promotional costs, and reduced government subsidies [1][2] - The report highlights that GAC's new vehicle deliveries dropped to 371,000 units, a 9.4% year-on-year decline, significantly lagging behind the industry growth rate of 11% [2] Group 2 - The report notes that GAC Group's sales performance is declining despite industry stimulus policies, with specific brands like Trumpchi and Aion seeing sales drop by 19% and 4% respectively [2] - GAC Group is pursuing a dual-track strategy: launching affordable models under the Trumpchi and Aion brands for the mass market, while developing a luxury brand in collaboration with Huawei for the high-end market [2] - The effectiveness of GAC's ongoing transformation remains uncertain, as the company still relies heavily on joint venture brands like Toyota and Honda, which are lagging in the electrification transition compared to local competitors [2]

Core Viewpoint - GAC Group is restructuring its R&D capabilities by splitting the GAC Research Institute into three specialized institutes to enhance its overall R&D efficiency and adapt to rapid technological and market changes [1][5][6]. Group 1: Organizational Changes - GAC Research Institute will be divided into three entities: Styling Design Institute, Vehicle Development Research Institute, and Platform Technology Research Institute, which will collectively form a "large R&D system" alongside the product department [2][5]. - The new structure aims to strengthen group-level R&D capabilities and integrate product development with market insights [5][6]. Group 2: R&D Strategy - The restructuring is part of a broader initiative to create a world-class integrated R&D system for smart vehicles, focusing on the Integrated Product Development (IPD) process [5][6]. - The new R&D framework emphasizes a dual-driven approach of "market + technology," shifting from a purely technical focus to a more market-oriented strategy [6]. Group 3: Financial Performance - GAC Group reported a significant decline in financial performance, with a projected revenue of 107.8 billion yuan in 2024, down 17% year-on-year, and a net profit drop of 81.4% to 824 million yuan [8]. - The company also experienced its first-ever loss in non-recurring net profit, amounting to 4.35 billion yuan, highlighting the urgency of the restructuring efforts [7][8].

Group 1 - Brazilian President Luiz Inácio Lula da Silva met with GAC Group's General Manager Wei Haigang during his visit to China on May 12 [1] - The discussion focused on GAC's achievements in entering the Brazilian market, development plans, and promoting Sino-Brazilian cooperation in green transportation [1] - GAC Group confirmed plans for local production in Brazil and announced the establishment of a research and development center in the country [1] Group 2 - GAC Group expressed its intention to provide new energy vehicles for the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) [1]

A 股代码：601238 A 股简称：广汽集团 H 股代码：02238 H 股简称：广汽集团 公告编号：临 2025-042 广州汽车集团股份有限公司 2025 年 4 月份产销快报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 广州汽车集团股份有限公司 2025 年 4 月汽车产量为 108,620 辆，同比下降 25.74%，本年累计产量为 519,825 辆，同比下降 5.33%； 4 月汽车销量为 116,440 辆，同比下降 12.66%，本年累计销量为 487,527 辆，同比下降 10.22%。各主要投资企业产销数据如下： | 单 位 | | | 产 | 量（辆） | | | | | 销 | 量（辆） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本月数 | 去年 | 月度 | 本年 | 去年 | 累计 | 本月数 | 去年 | 月度 | 本年 | 去年 | 累计 | | | | ...

Core Viewpoint - GAC Group (601238) reported a significant decline in both production and sales figures for April 2025, indicating ongoing challenges in the automotive market [1] Production Summary - The automotive production for April 2025 was 108,600 units, representing a year-on-year decrease of 25.74% [1] - Cumulative production for the current year reached 519,800 units, down 5.33% compared to the previous year [1] Sales Summary - The automotive sales for April 2025 totaled 116,400 units, reflecting a year-on-year decline of 12.66% [1] - Cumulative sales for the current year amounted to 487,500 units, which is a decrease of 10.22% year-on-year [1]