GAC Group Shareholder Questions "Trillion-Market-Cap" Goal Amid Heavy Losses; Company Posts RMB 8.78B Net Loss in 2025

At GAC Group's 2025 annual general meeting, a female shareholder drew attention after revealing that her family business had invested all its capital into GAC Group shares. Her holdings exceed RMB 100 million, currently showing an unrealized loss of over 30%. During the meeting, she questioned management about the timeline for achieving the company’s stated goal of reaching a “trillion-yuan market cap.” According to disclosed data, GAC Group reported total operating revenue of RMB 96.542 billion in 2025, down 10.43% year-over-year. Net loss attributable to shareholders of the parent company amounted to RMB 8.784 billion, a staggering 1,166.51% decline compared to the previous year, marking a shift from profit to substantial loss. Dragged down by these poor results, the company’s share price has fallen 27.5% year-to-date. As of mid-June, its total market capitalization stood at approximately RMB 60 billion—far below the “trillion-yuan” target. GAC Group has long relied on its joint-venture brands for profitability. Although its self-owned brand Aion previously demonstrated strong sales performance, it experienced a downturn in 2025, suffering significant negative gross margins on vehicle sales, which further weighed on the group’s overall earnings. Meanwhile, at BYD’s annual shareholder meeting, another investor disclosed being fully invested in BYD stock and currently sitting on a 26% unrealized loss. In response, BYD Chairman Wang Chuanfu stated that the current share price does not reflect the company’s true value, urging shareholders to maintain confidence. He emphasized that BYD would enhance shareholder returns through technological innovation and aims to become the world’s largest automaker by volume within five years, targeting substantial growth by 2030.