HK Stock Market Move | Guangzhou Automobile Group (02238) fell more than 5%, with a full year profit turning into a loss of nearly 8.8 billion yuan, and a year-on-year decrease in car sales of 14.06%.

Guangzhou Automobile Group (02238) fell over 5%, as of press time, it fell 5.31% to 3.03 Hong Kong dollars, with a turnover of 63.9557 million Hong Kong dollars. On the news front, on the evening of March 27, Guangzhou Automobile Group released its 2025 annual performance, during which the group achieved sales revenue of 96.542 billion yuan (RMB, the same below), a year-on-year decrease of 10.43%; the equity holders of the company had a loss of 8.784 billion yuan, turning from a profit to a loss year-on-year. This is the first full-year loss since Guangzhou Automobile Group went public. The announcement pointed out that in 2025, the group's production and operation continued to be under pressure in the face of the systematic challenges brought about by the reconstruction of industrial ecology, demand structure, and market competition. In 2025, Guangzhou Automobile Group sold a total of 1.7215 million vehicles, a year-on-year decrease of 14.06%. Among them, sales of the two major independent brands, Trumpchi and Everus, declined by 23.02% and 22.62% respectively year-on-year, to 319,200 and 290,100 vehicles respectively. The sales of joint venture company GAC Honda decreased by 25.22% year-on-year, with the largest decrease, dropping to 351,900 vehicles. GAC Toyota stabilized its sales, achieving a slight year-on-year increase.