Guangzhou Automobile Group (02238) released its annual performance with a net loss attributable to shareholders of 8.784 billion yuan, a switch from profit to loss year-on-year.

Guangzhou Automobile Group (02238) announces its annual performance for the year 2025. The group achieved sales revenue of 96.542 billion yuan, a decrease of 10.43% compared to the previous year. The company's shareholders' equity loss was 8.784 billion yuan, a turnaround from a profit to a loss compared to the previous year, with a basic loss per share of 0.85 yuan. In 2025, facing systematic challenges brought by the reconstruction of industrial ecology, demand structure, and market competition, the group's production and operations continued to be under pressure. The total annual automobile production and sales were 1.7444 million and 1.7215 million respectively, a decrease of 8.98% and 14.06% compared to the previous year. However, the group achieved consecutive quarter-on-quarter sales growth from the second quarter of 2025 onwards. The sales of new energy vehicles were 433,600 units, a decrease of 4.64% compared to the previous year, accounting for approximately 25.19% of the total sales, an increase of about 2.5 percentage points from the previous year. Energy-efficient vehicle sales were 454,600 units, an increase of 0.84% compared to the previous year. During the reporting period, the proportion of energy-efficient and new energy vehicle sales for the group increased to 51.60%, an increase of about 6 percentage points from the previous year. The establishment of the independent brand's shared center to promote integrated reform, the implementation of IPD and IPMS transformation, the formation of a commercialization team for products and a product development process driven by user needs; the promotion of BU organization pilot projects, setting up the Haobao Aian BU and the Guangqi BU; introducing the NPS index management evaluation system to improve user experience and promoting innovative cooperation with the JD platform for marketing, integrating multiple brands, and advancing channel sinking. The independent brand accelerates product renewal and upgrades. GAC Trumpchi drives forward with "self-developed + open cooperation," launches three high-end products: the Aspiring S7, Aspiring M8 Qiankun, and Aspiring S9, forming the "Aspiring Series" intelligent new energy product matrix, promoting the Trumpchi brand's comprehensive advancement towards electrification and smartification. The Haobao Aian brand continues to consolidate its leading edge in pure electric technology with new models such as AION UT, AION i60, and Haobao HL, as well as revamped models like AION V home and AION UT super, expanding the range of extended-range technologies, building a power matrix covering multiple travel scenarios. With new products driving growth, GAC Aian achieved consecutive monthly sales growth from June 2025. In 2025, GAC Toyota achieved sales of 756,000 units, a 2.44% increase compared to the previous year. Models like Camry and Senna ranked at the forefront of the domestic market in terms of terminal sales of high-value models; the total sales of energy-efficient and new energy models for the year were approximately 470,000 units, a 27.27% increase from the previous year, with the sales proportion rising to 62.2%; strengthening local self-research, accelerating electrification transformation, the first pure electric model locally developed by the team, the Baozhi 3X, achieved sales of over 80,000 units for the year, leading the sales chart for joint venture pure electric models, and became the first model developed locally to enter Toyota's global sales system; the Baozhi 7 received attention and acclaim after its appearance at the Guangzhou Auto Show; implementing the "fuel-electric intelligence" strategy, the 2026 models of Camry, Highlander, and Senna are equipped with intelligent cabins and the Toyota Pilot driving assistance system, achieving intelligent advancement. GAC Honda is increasing local development efforts, advancing comprehensive high-quality local intelligent solutions, collaborating with partners like Momenta, and strengthening the intelligent experience; efficiently advancing core areas like the three-electric system, intelligent cockpit, and smart driving supply chain restructuring to build a more resilient and dynamic local supply chain ecosystem. GAC Honda achieved consecutive monthly sales growth from August 2025 for 5 consecutive months. Wuyang Honda strengthens its technological and intelligent advantages, releasing a total of 14 new models in 2025, solidifying comprehensive competitiveness with a diversified portfolio, achieving a total sales of approximately 640,000 units for the year, with exports exceeding 150,000 units.