Shen Zhen Shang Bao·2025-12-26 13:09Group 1 - GAC Group's Vice President Zheng Heng has resigned due to "personal health reasons," but reports suggest his departure may be linked to recent anti-corruption actions within the company [1][2] - Zheng Heng's resignation took effect on December 23, 2025, and he will no longer hold any position within the company, which claims that his departure will not affect normal operations [1] - Zheng Heng had a brief tenure of only 38 days after being appointed as the legal representative and chairman of GAC Lingcheng, and he had recently completed a new round of executive appointments [1] Group 2 - The company has faced significant executive turnover, with former GAC Passenger Vehicle General Manager Zhang Yuesai also being taken for investigation [2] - GAC Group has emphasized the need to "strengthen compliance management" and has initiated comprehensive reforms in response to the rapid evolution of the electric vehicle industry and intense market competition [2] - Financially, GAC Group reported a revenue of 66.272 billion yuan for the first three quarters of 2025, a year-on-year decline of 10.49%, and a net loss of 4.312 billion yuan compared to a net profit of 120 million yuan in the same period last year [2] - Total vehicle sales for GAC Group in the first three quarters of 2025 were 1.184 million units, down 11.34% year-on-year, while sales in the electric vehicle segment decreased by 4.99% [2] - In contrast, GAC Toyota experienced a sales increase of 4.89% in the same period, with sales reaching 543,200 units [2]