GAC Group released its semi-annual report, with both revenue and net profit declining

GAC Group released its financial report for the first half of 2024 on the evening of August 30. The report showed that the company's operating income was 45.808 billion yuan, a year-on-year decrease of 25.62%; net profit was 1.516 billion yuan, a year-on-year decrease of 48.88%. The company plans to distribute an interim cash dividend of 0.3 yuan (including tax) per 10 shares to all shareholders. The report pointed out that the main reason for the performance change was the price war in the domestic automobile industry and the increase in commercial investment.