Guangzhou Automobile Group (02238) invested 9.9994 million yuan on April 28 to repurchase 1.2884 million A-shares.

Guangzhou Automobile Group (02238) announced that on April 28, 2025, it will invest 9.9994 million yuan (RMB...

Zhitong Finance05:44 ET

【Brokerage Focus】Zhaoyin International maintains a "Buy" rating on Guangzhou Automobile Group (02238), expecting profits to improve starting from the second half of 2025.

Jinwu Financial News | According to the Research Reports from Zheshang International, Guangzhou Automobile Group (02238) exceeded the revenue forecast for Q1 2025, but the gross margin of -1.1% was about 4 percentage points lower than the forecast. Although the investment income from joint ventures of approximately 1.1 billion yuan met expectations, selling expenses were higher than expected and government subsidies were lower than expected. The bank estimates that the net loss for the self-owned brand in Q1 2025 was approximately 1 billion yuan more than predicted. Despite the market's low expectations for Guangzhou's Q1 2025 performance, the bank believes that the net loss of 0.732 billion yuan is still below expectations. The bank anticipates that Guangzhou's sales trend in 2025 will continue the pattern of lower sales in early 2024 followed by higher sales later.

Jingwu Finance News03:09 ET

Hong Kong stock market movement | Guangzhou Automobile Group (02238) fell more than 4%, turning from profit to loss of approximately 0.732 billion yuan in the first quarter year-on-year.

Guangzhou Automobile Group (02238) fell over 4%, as of the time of writing, down 4.14%, trading at 2.78 HKD, with a transaction value of 14.5174 million HKD.

Zhitong Finance21:41 ET

China Q1 Auto Imports See Rare 39% Year-on-year Decline

CnEVPostApr 27 04:05 ET

In the first quarter, China imported less than 0.1 million Autos, a year-on-year decrease of nearly 40%! Imports of Autos from the USA were less than 0.01 million.

① In China, the import of Autos from January to March was 0.095 million units, a year-on-year decrease of 39%, marking a significant decline in this period that is rarely seen. ② The import of vehicles from the USA fell to 8,870 units from January to March; representing a 66% year-on-year decrease, and this decline continued in March.

cls.cnApr 26 23:52 ET

When Autos "roll" towards the sky: Xpeng Huitian, Fengfei, GAC and others showcase eVTOL for the first time at the Shanghai Auto Show | New Forces in the Auto Show.

① The 2-ton level eVTOL from Fengfei Aviation, Xiaopeng Huitian's "land aircraft carrier", and GAC high domain's GOVY-Aircar all made their appearance at the Shanghai Auto Show; ② Reports indicate that these manufacturers' eVTOLs/flying cars are making their debut at the Shanghai Auto Show.

cls.cnApr 26 05:01 ET