GAC GROUP(SH:601238) Cai Fu Zai Xian·2025-04-24 05:35Core Insights - The government work report emphasizes the development of intelligent connected new energy vehicles (NEVs) as a key task for 2025, indicating a continued focus on the transformation of China's automotive industry [1] - GAC Finance, a subsidiary of GAC Group, is committed to driving the "zero carbon" transition in the automotive industry through a "technology + green" dual approach, establishing a "Golden Triangle Ecosystem" [1][10] Group 1: Development and Strategy - GAC Finance is enhancing its financial services by creating a "Golden Triangle Ecosystem" that improves collaboration between manufacturers, customers, and itself, aiming for high-quality development [2][4] - The company is actively launching new products, including various intelligent driving models, to showcase its technological advancements and enhance customer experience [4][14] Group 2: Business Expansion - GAC Finance has initiated motorcycle financing services, achieving nearly 600 contracts in Q1 2025 and over 1,100 contracts since launch, while also expanding its used car financing business with over 3,000 contracts in Q1 2025 [5] - The company has successfully issued three green bonds totaling 7.5 billion yuan in 2024, marking a significant achievement in supporting environmental sustainability [12] Group 3: Technological Innovation - The "Kunteng" new core system has been developed to enhance the "Golden Triangle Ecosystem," significantly improving operational efficiency, with sales process efficiency up by 57% and risk control success rates increasing by 36% [6][8] - This system is a major innovation in financial technology, providing robust support for the digital transformation of the automotive industry [8] Group 4: Commitment to Green Finance - GAC Finance is deeply engaged in green finance initiatives, contributing to the industry's "zero carbon" goals and responding to national green development policies [10][16] - The company has developed tailored financial solutions for new intelligent driving models, facilitating easier access for customers to GAC Group's products [14]