Guan Cha Zhe Wang·2025-12-30 08:01Core Viewpoint - Recent anti-corruption actions at GAC Group have led to the investigation of several high-ranking executives, including former Vice President Zheng Heng, amidst a backdrop of declining sales and profitability for the company [1]. Group 1: Executive Departures - Zheng Heng, former Vice President of GAC Group, has been taken away by authorities, potentially related to the company's recent anti-corruption efforts [1]. - Other executives reportedly under investigation include former Vice President Yan Zhuangli, Executive Vice President of GAC Honda Li Jin, and several others [1]. - Zheng Heng submitted his resignation on December 24, citing personal health reasons, and stated he would no longer hold any position within the company [1]. Group 2: Company Performance - GAC Group's performance has significantly declined, with total sales for 2024 projected at 2.0031 million units, a 20% decrease year-on-year [5]. - The company's revenue for the same period is expected to be 106.8 billion yuan, down 17% compared to the previous year, with a net profit of only 824 million yuan, reflecting an 81.4% drop [5]. - For the first 11 months of this year, GAC Group's cumulative sales were 1.534 million units, a 10.8% decline year-on-year, and the net profit for the first three quarters was reported at -4.312 billion yuan, a staggering 3691.33% decrease [7].