HK Stock Market Move | Guangzhou Automobile Group (02238) falls more than 3%, with a loss of about 4.312 billion yuan in the first three quarters, turning from profit to loss on a year-on-year basis.

Guangzhou Automobile Group (02238) fell by more than 3%, falling 3.48% to HK$3.33 at the time of publication, with a turnover of HK$40.1944 million. In terms of news, Guangzhou Automobile Group announced its performance for the first three quarters of 2025, with operating income of approximately RMB 66.272 billion, a year-on-year decrease of 10.49%; the net loss attributable to shareholders of the parent company was approximately RMB 4.312 billion, a year-on-year reversal from profit to loss. In the third quarter, Guangzhou Automobile Group achieved operating income of RMB 24.106 billion, a year-on-year decrease of 14.62%, with a net loss attributable to shareholders of RMB 1.774 billion. The announcement stated that the decline in performance was mainly due to intense competition in the domestic automotive industry, the rapid upgrading of demand structure leading to a decline in car sales and profits, as well as a decrease in total profits compared to the same period last year caused by the premium valuation of CHENQI TECH Technology Limited, which was listed on the Hong Kong stock market in the previous year.