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Guangzhou Automobile Group Co ( (HK:2238) ) has shared an update.
Guangzhou Automobile Group Co., Ltd. announced a preliminary estimated net loss for the first half of 2025, ranging from RMB1,820 million to RMB2,600 million, due to challenging market conditions and a slow ramp-up of new energy vehicle sales. Despite implementing the ‘Panyu Action’ plan to stabilize operations and promote sustainable development, the company faced revenue declines from price wars and structural mismatches in its sales system, impacting its financial performance compared to the previous year.
The most recent analyst rating on (HK:2238) stock is a Hold with a HK$2.20 price target. To see the full list of analyst forecasts on Guangzhou Automobile Group Co stock, see the HK:2238 Stock Forecast page.
More about Guangzhou Automobile Group Co
Guangzhou Automobile Group Co., Ltd. is a joint stock company incorporated in China, operating in the automotive industry. It focuses on the production and sales of vehicles, including new energy vehicles, and has joint ventures such as GAC Toyota Motor Company Limited.
Average Trading Volume: 19,134,823
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$68.25B
See more insights into 2238 stock on TipRanks’ Stock Analysis page.