GAC Group 2024 Annual Report Released

In its 2024 annual report, GAC Group showed that its total operating revenue for the whole year was about 401.65 billion yuan, and its automobile production and sales were 1.9166 million and 2.0031 million respectively. However, the company's operating income was 106.798 billion yuan, a year-on-year decline of 17.05%; net profit was 824 million yuan, a year-on-year decline of 81.40%. In addition, net profit after deducting non-recurring gains and losses turned into a loss of 4.351 billion yuan, a year-on-year decline of 221.80%. Although the net operating cash flow was 10.919 billion yuan, a year-on-year increase of 62.3%, the company's total assets were 232.458 billion yuan, only an increase of 6.4% from the end of the previous year.