GAC Group Posts RMB 2.52 Billion Net Loss Attributable to Parent in Q3 2026

GAC Group announced on October 30 that in the third quarter of 2026, it achieved operating revenue of 28.423 billion yuan, up 17.91% year on year; net loss attributable to shareholders was 2.52 billion yuan, compared with a net loss of 1.774 billion yuan in the same period last year, with the loss expanding 42.09% year on year; basic loss per share was 0.25 yuan. In the first three quarters, it achieved operating revenue of 74.545 billion yuan, up 12.48% year on year; net loss attributable to shareholders was 6.987 billion yuan, compared with a net loss of 4.312 billion yuan in the same period last year, with the loss expanding 62.04% year on year; basic loss per share was 0.69 yuan. During the reporting period, the company's performance was mainly affected by factors such as intense domestic market competition, increased sales investment by subsidiary Qijing Auto following new model launches, pressure on the operations of joint venture brands, exchange losses caused by currency fluctuations, and a year-on-year increase in inventory impairment.