GAC GROUP(601238)2025-01-10 16:00Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 800 million and 1.2 billion CNY, representing a decrease of 322.89 million to 362.89 million CNY, or a year-on-year decline of 72.91% to 81.94%[3] - The expected net profit after deducting non-recurring gains and losses for 2024 is projected to be between -3.3 billion and -4.7 billion CNY, a decrease of 687.26 million to 827.26 million CNY, or a year-on-year decline of 192.37% to 231.56%[4] - The net profit attributable to shareholders of the parent company for the previous year was 4.4289 billion CNY, and the net profit after deducting non-recurring gains and losses was 3.57263 billion CNY[5] Market Competition and Sales - The company faced a decrease in automobile sales due to intense competition and price pressures in the automotive industry[6] - To address market competition, the company and its investment enterprises invested approximately 18 billion CNY in additional sales subsidies and other business policies[6] Non-Recurring Gains - The company recorded an increase in non-recurring gains due to the transfer of equity in certain affiliated companies and government subsidies received during the reporting period[7] Financial Data Disclosure - The data provided is preliminary and subject to change, with the final audited financial data to be disclosed in the 2024 annual report[8]