广汽第四季度销量增25.56%，自主品牌海外销量增47%

Core Viewpoint - GAC Group reported a significant increase in sales for the fourth quarter of 2025, with a year-on-year growth in overseas sales for its self-owned brands, indicating a positive trend in both domestic and international markets [1] Group 1: Sales Performance - In 2025, GAC Group achieved a total terminal sales volume of 1.8135 million vehicles, with fourth-quarter sales exceeding 537,800 units, reflecting a quarter-on-quarter increase of 25.56% [1] - The overseas sales of GAC's self-owned brands reached nearly 130,000 units, marking a year-on-year growth of 47% [1] Group 2: Management and Structural Changes - A new professional management team for GAC Group took office in November 2025 [1] - In December 2025, the company officially initiated a reform of its self-owned brand business unit (BU), with the Haobo Aian BU already established and channel integration underway, while the Trumpchi BU is in preparation for launch [1] Group 3: Operational Efficiency Improvements - Since 2025, GAC's "Panyu Action" integration reform has made significant progress, including reducing the new vehicle development cycle to 18-21 months, lowering R&D costs by over 10%, and improving overall business efficiency by approximately 50% [1]