Zhi Tong Cai Jing·2025-10-24 11:05Core 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]