Energy Insider | GAC Group reports its first full-year loss since listing; vehicle manufacturing gross profit margin turns negative; suffers damage from Iran attack, UAE Global Aluminum Plant severely impacted

WealthCoffee

2026-03-30 02:09:25

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【Caixin】

GAC Group Reports First Annual Loss Since IPO, Vehicle Manufacturing Gross Margin Turns Negative

Caixin reported on March 28 that in 2025, GAC Group (601238.SH/ 02238.HK) saw a 10.43% year-on-year decrease in revenue, dropping to 95.662 billion yuan, with operating performance turning from profit to loss, recording a net loss attributable to shareholders of 8.784 billion yuan. This marks GAC Group’s first annual loss since its IPO. The company’s overseas business achieved rapid growth, but the industry’s characteristics of “high investment and long cycles” constrained its short-term profit contributions, making it difficult to effectively offset the decline in gross margin in the domestic market. In 2024, the company achieved a net profit attributable to shareholders of 824 million yuan. On the evening of March 27, 2026, GAC Group released its 2025 annual report, disclosing the above data.

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