Guangzhou Automobile Group (02238) announced its performance for the first three quarters, with a net loss attributable to shareholders of approximately 4.312 billion yuan, a turnaround from profit to loss compared to the same period last year.

Guangzhou Automobile Group (02238) announced its financial performance for the first three quarters of 2025. The operating income was approximately 66.272 billion yuan, a decrease of 10.49% compared to the same period last year. The net loss attributable to the company's shareholders was around 4.312 billion yuan, a turnaround from profit to loss compared to the same period last year. The basic earnings per share were -0.42 yuan. The announcement stated that the decline in performance was mainly due to the intense competition in the domestic automotive industry, the rapid upgrade of demand structure leading to a decline in car sales and profits, and the valuation premium of CHENQI TECH Technology Co., Ltd. (stock code: 9680) listed on the Hong Kong Stock Exchange compared to the same period last year, resulting in a decrease in total profits.