Xin Lang Cai Jing·2025-10-27 08:17Core Insights - GAC Group reported a significant decline in revenue and a net loss for Q3 2025, indicating challenges in the current market environment [1] - Bank of America downgraded GAC Group's rating from "Neutral" to "Underperform" due to disappointing Q3 performance and anticipated profit margin compression in the competitive landscape [1] Financial Performance - Revenue for Q3 2025 was approximately 24.106 billion RMB, a year-on-year decrease of 14.62% [1] - The net loss for the period was around 1.773 billion RMB, with basic earnings per share reported at -0.17 RMB [1] Analyst Ratings and Valuation - Bank of America adjusted the target price for GAC Group from 3.6 HKD to 3.1 HKD, reflecting concerns over future profitability [1] - The current price corresponds to a projected P/E ratio of 29 times for 2026, which is considered overvalued by analysts [1]