Sou Hu Cai Jing·2025-12-23 19:52Group 1 - The core viewpoint of the article highlights that southbound funds have increased their holdings in GAC Group (02238.HK) by 5.788 million shares on December 23, with a total net increase of 13.894 million shares over the last five trading days [1] - Over the past 20 trading days, southbound funds have increased their holdings on 11 days, resulting in a cumulative net increase of 31.5072 million shares [1] - As of now, southbound funds hold 1.738 billion shares of GAC Group, accounting for 61.76% of the company's issued ordinary shares [1] Group 2 - GAC Group is primarily engaged in the automotive and related businesses in China, including research and development, manufacturing and sales of vehicles (cars and motorcycles), auto parts, trade and mobility, energy and ecology, internationalization, and investment and finance [1] - The company operates through two segments: the automotive business and related trade segment, which includes the production and sale of various passenger cars, commercial vehicles, auto parts, and related trade [1] - The other segment mainly involves the production and sale of motorcycles, automotive financial insurance, other financial services, and investment businesses, with operations in both domestic and international markets [1]