智通财经网·2025-10-27 01:43Core Viewpoint - GAC Group reported a significant decline in revenue and a net loss for the first three quarters of 2025, attributed to intense competition in the domestic automotive industry and rapid changes in demand structure [1] Financial Performance - Revenue for the first three quarters of 2025 was approximately 66.272 billion yuan, a year-on-year decrease of 10.49% [1] - The net loss attributable to shareholders was about 4.312 billion yuan, marking a shift from profit to loss compared to the previous year [1] - In the third quarter, GAC Group achieved revenue of 24.106 billion yuan, down 14.62% year-on-year, with a net loss of 1.774 billion yuan [1] Market Conditions - The decline in performance is primarily due to fierce competition within the domestic automotive sector and a rapid upgrade in demand structure, leading to decreased vehicle sales and profitability [1] - The previous year's performance was also impacted by the valuation premium from the listing of GAC's subsidiary, Qiche Chuxing Technology Co., Ltd., on the Hong Kong Stock Exchange [1]