Guangzhou Automobile Group (02238.HK) reported a non-GAAP net loss of approximately 1.384 billion yuan in the first quarter, an increase of 55.03% year-on-year.

Translated to According to the Intelligent Financial News APP, GAC Group (02238.HK) announced that in the first quarter of 2026, its operating income was approximately 20.039 billion yuan, an increase of 1.98% year-on-year. The net loss attributable to the shareholders of the listed company was 6.56 billion yuan, a decrease of 10.29% year-on-year; the non-recurring net loss was approximately 13.84 billion yuan, an increase of 55.03% year-on-year; the basic loss per share was 0.06 yuan.