GAC Group faces performance pressure

GAC Group announced its first quarter results for 2025. The report showed that the company's operating income was RMB 19.879 billion, down 7.82% from the same period last year. Net profit turned from profit to loss, with a loss of RMB 731 million, down 159.59% year-on-year; the net loss after deducting extraordinary income was RMB 892 million, down 229.88% year-on-year.