Guangzhou Automobile Group forecasts 2025 net loss of RMB 8–9 billion
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Guangzhou Automobile Group Co. Ltd. forecasts a net loss of RMB 8–9 billion for the year ending December 31, 2025, a stark contrast to a net profit of RMB 823.58 million in 2024. The projected net loss, after non-recurring items, is expected to be between RMB 8.9 billion and RMB 9.9 billion, compared to RMB 4.35 billion in 2024. The company attributes this downturn to intense competition in the automobile industry.
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