GAC Group announces 2024 third quarter report, with net profit falling sharply

GAC Group recently released its 2024 third quarter report, which showed that the company's operating income in the first three quarters was 74.04 billion yuan, a year-on-year decrease of 24.18%; net profit attributable to the parent company was 120 million yuan, a year-on-year decrease of 97.34%. The operating income in the third quarter was 28.233 billion yuan, a year-on-year decrease of 21.73%; the net profit loss was 1.396 billion yuan, a year-on-year decrease of 190.40%. This is the worst performance of GAC Group since its listing.