According to the 2024 semi-annual report released by GAC Group on August 30, the vehicle production and sales volumes both reached 860,000 units, the aggregate business revenue stood at 181.142 billion RMB, the aggregate total profit was about 4.565 billion RMB, and the aggregate total profit and tax was about 15.266 billion RMB. The total consolidated gross profit increased by 5.5% year-on-year and the gross margin raised by 1.38% compared to the same period last year.

In the hope of repaying investors, GAC Group intends to pay an interim dividend of 0.3 RMB (tax inclusive) per 10 shares to all shareholders, with a total dividend payment of approximately 310 million RMB. At present, GAC Group is speeding up the A+H share repurchase program, with the cumulative repurchase amount exceeding 300 million RMB as of the end of August.

Following the rapid development of the new energy market, GAC Group is developing its independent new-energy model layout covering EV, PHEV and REV. 2025 will be a big year for GAC Group’s own plug-in products.

In light of the profound changes in the auto industry, GAC Group always puts its customers first and focuses on enhancing product quality, brand power, marketing, sales strength, services, and execution, so as to boost retail sales and business performance. Embracing long-termism as the principle, GAC maintains strategic focus, shoulders responsibilities and meets various challenges. Forging ahead, GAC refuses to be eliminated, and is galloping towards a new round of high-quality development.