Core Viewpoint - Guangzhou Automobile Group Co., Ltd. (the "Company") expects a significant net loss for the first half of 2025, with estimated losses ranging from 1.82 billion to 2.6 billion yuan [2][4]. Group 1: Performance Forecast - The Company anticipates a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -1.82 billion yuan and -2.6 billion yuan, indicating a loss compared to the same period last year [2][4]. - The expected net profit after deducting non-recurring gains and losses is projected to be between -2.12 billion yuan and -3.2 billion yuan [4]. Group 2: Previous Year Comparison - In the same period last year, the net profit attributable to shareholders of the parent company was 1.51634 billion yuan, while the net profit after deducting non-recurring gains and losses was -338.11 million yuan [5]. Group 3: Reasons for Performance Change - The Company is facing a challenging market environment and has initiated a three-year "Panyu Action" plan to improve operations and ensure sustainable development [7]. - Key reasons for the expected losses include: - New energy vehicle models launched during the reporting period have not yet reached sales targets, and several main models have seen revenue declines due to price wars [7]. - Structural mismatches exist between the existing sales system and the needs of the new energy transition, with traditional 4S stores dominating sales channels while new channels lag behind competitors [7]. - The integration of self-owned brand operations is still in progress, with improvements in product development efficiency and cost control ongoing [7]. - Weak overseas sales foundations, with room for improvement in channel development, product management, and operational coordination [7]. - The Company plans to enhance sales and improve revenue by launching new extended-range models, accelerating channel penetration, and strengthening new media marketing in the second half of the year [7].

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -1.82 billion and -2.6 billion yuan, indicating a loss compared to the same period last year [1][2] - The net profit attributable to shareholders of the parent company for the same period last year was 151.634 million yuan, with a net profit of -33.811 million yuan after deducting non-recurring gains and losses [2] - The company is implementing a three-year "Panyu Action" plan to improve operations and sustainable development, focusing on integrated operations of its own brands [2][3] Group 2 - The expected loss is attributed to several factors, including slow sales growth of new energy models, structural mismatches in the sales system, and the need for time to realize the effects of the integrated operation reform [2] - The company plans to enhance sales and improve revenue in the second half of the year by launching new extended-range models, accelerating channel penetration, and strengthening new media marketing [3]