Guangzhou Automobile Group Co., Ltd. logo

Guangzhou Automobile Group Co., Ltd.

2238.HK

HKSEConsumer CyclicalAuto - Manufacturers

Latest quote

HK$2.11

−HK$0.03 · -1.40%

Aug 24, 4:08 PM HKT

2238.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Guangzhou Automobile Group Co., Ltd., or GAC Group, is a diversified automotive conglomerate established in 1997 and headquartered in Guangzhou, People's Republic of China. A subsidiary of Guangzhou Automobile Industry Group Co., Ltd., GAC Group, along with its various entities, is deeply involved in the entire lifecycle of vehicles and motorcycles—from their initial research and development through manufacturing and eventual sale. The company's extensive product portfolio encompasses a broad range of vehicles, including large to medium-sized passenger cars, light and heavy-duty trucks, construction vehicles, and advanced energy-efficient vehicles. Its motorcycle division produces diverse models such as standard bikes, sport motorcycles, and scooters. Furthermore, GAC Group manufactures numerous essential auto parts and components, including engines, gearboxes, car seats, micro motors, shifters, electric controllers, and both interior and exterior decorative elements. Operating through distinct segments, "Vehicles and Related Operations" and "Others," GAC Group extends its operations throughout Mainland China and internationally. The company provides a comprehensive suite of commercial and financial services, such as financial investment, various insurance products (including brokerage services), financial leasing, and automobile credit. Beyond these, its activities include vehicle sales, logistics, global trade, dealing in pre-owned vehicles, disassembling end-of-life vehicles for recycling, offering supporting services, and developing digitalization and mobility transportation solutions. Additionally, GAC Group's business scope covers investment management services and the trading of steel.

Industry
Auto - Manufacturers
Sector
Consumer Cyclical
Headquarters
CN
CEO
Xianqing Xia
Listed since
Aug 30, 2010
Employees
82,067

Market position

Day range

Current HK$2.11

52-week range

Current HK$2.11

Open
HK$2.145
Previous close
HK$2.14
Volume
8.48M
0.58× average
Average volume
14.66M
Average daily volume
Market cap
50.43B HKD
Beta
0.39
Market reference 1
50-day average
HK$2.2238
-5.12% below average
200-day average
HK$3.1176
-32.32% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
47.57B CNY
P/E (TTM)
-5.95×
P/B (TTM)
0.54×
P/S (TTM)
0.54×
EV / EBITDA
-6.61×
Earnings yield
-22.63%
Free cash flow yield
-63.45%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-1.60%
Operating margin
-15.95%
Net margin
-8.99%
Return on equity
-8.12%
Return on assets
-3.98%
Return on invested capital
-9.96%

Financial health

Debt / equity
0.42×
Current ratio
1.13×
Altman Z-score
0.79
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends14%2%-9%-20%Gross margin, FY2021: 8.47%Gross margin, FY2022: 7.47%Gross margin, FY2023: 7.52%Gross margin, FY2024: 6.67%Gross margin, FY2025: -5.62%Operating margin, FY2021: 9.44%Operating margin, FY2022: 10.69%Operating margin, FY2023: 2.53%Operating margin, FY2024: -0.76%Operating margin, FY2025: -17.41%Net margin, FY2021: 9.69%Net margin, FY2022: 7.33%Net margin, FY2023: 3.41%Net margin, FY2024: 0.76%Net margin, FY2025: -9.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 8.47%. Gross margin FY2022 7.47%. Gross margin FY2023 7.52%. Gross margin FY2024 6.67%. Gross margin FY2025 -5.62%. Operating margin FY2021 9.44%. Operating margin FY2022 10.69%. Operating margin FY2023 2.53%. Operating margin FY2024 -0.76%. Operating margin FY2025 -17.41%. Net margin FY2021 9.69%. Net margin FY2022 7.33%. Net margin FY2023 3.41%. Net margin FY2024 0.76%. Net margin FY2025 -9.10%.

Income trends

Revenue

94.04B CNY-12.75%

Operating income

−16.37B CNY-1897.55%

Net income

−8.56B CNY−9.38B CNY
Income trends across reported periods144.31B CNY85.88B CNY27.45B CNY−30.98B CNYRevenue, FY2021: 75.68B CNYRevenue, FY2022: 110.01B CNYRevenue, FY2023: 129.71B CNYRevenue, FY2024: 107.78B CNYRevenue, FY2025: 94.04B CNYOperating income, FY2021: 7.15B CNYOperating income, FY2022: 11.76B CNYOperating income, FY2023: 3.28B CNYOperating income, FY2024: −819.53M CNYOperating income, FY2025: −16.37B CNYNet income, FY2021: 7.33B CNYNet income, FY2022: 8.06B CNYNet income, FY2023: 4.43B CNYNet income, FY2024: 823.58M CNYNet income, FY2025: −8.56B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 75.68B CNY. Revenue FY2022 110.01B CNY. Revenue FY2023 129.71B CNY. Revenue FY2024 107.78B CNY. Revenue FY2025 94.04B CNY. Operating income FY2021 7.15B CNY. Operating income FY2022 11.76B CNY. Operating income FY2023 3.28B CNY. Operating income FY2024 −819.53M CNY. Operating income FY2025 −16.37B CNY. Net income FY2021 7.33B CNY. Net income FY2022 8.06B CNY. Net income FY2023 4.43B CNY. Net income FY2024 823.58M CNY. Net income FY2025 −8.56B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue94.04B CNY107.78B CNY129.71B CNY110.01B CNY75.68B CNY
Cost of goods sold99.33B CNY100.6B CNY119.95B CNY101.79B CNY69.26B CNY
Gross profit−5.28B CNY7.18B CNY9.76B CNY8.22B CNY6.41B CNY
Research and development1.12B CNY1.81B CNY1.73B CNY1.71B CNY988.7M CNY
Selling, general, and administrative5.82B CNY5.47B CNY7.29B CNY8.4B CNY5.17B CNY
Operating expenses11.09B CNY8B CNY6.47B CNY11.29B CNY10.08B CNY
Interest income817.51M CNY568.79M CNY773.13M CNY480.92M CNY287.34M CNY
Interest expense622.41M CNY523.22M CNY441.07M CNY328.07M CNY449.4M CNY
Depreciation and amortization9.17B CNY8.71B CNY6.45B CNY6.6B CNY5.62B CNY
Operating income−16.37B CNY−819.53M CNY3.28B CNY11.76B CNY7.15B CNY
Net income−8.56B CNY823.58M CNY4.43B CNY8.06B CNY7.33B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
10%
1 beat, 9 misses, 0 met estimates
Average EPS surprise
-94.42%
10 comparable reports
Latest EPS result
-0.07
Estimate -0.08 · Beat by 14.60%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.190.02-0.15-0.31Q1 '24MissQ3 '24MissQ4 '24MissQ1 '25No estimateQ3 '25MissQ4 '25MissQ1 '26BeatQ3 '26Estimate
Q1 2024, reported Mar 28, 2024: actual 0.12, estimate 0.14, surprise -14.29%, Miss. Q3 2024, reported Aug 30, 2024: actual 0.02, estimate 0.14, surprise -85.71%, Miss. Q4 2024, reported Oct 30, 2024: actual -0.13, estimate 0.15, surprise -186.67%, Miss. Q1 2025, reported Mar 28, 2025: actual -0.075, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual -0.274, estimate -0.055, surprise -398.54%, Miss. Q4 2025, reported Oct 28, 2025: actual -0.186, estimate -0.09, surprise -106.46%, Miss. Q1 2026, reported Mar 27, 2026: actual -0.068, estimate -0.08, surprise +14.60%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate -0.03, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates82.64B52.43B22.21B-8BQ1 '24MissQ3 '24BeatQ4 '24MissQ1 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ3 '26Estimate
Q1 2024, reported Mar 28, 2024: actual 51.69B HKD, estimate 76.39B HKD, surprise -32.33%, Miss. Q3 2024, reported Aug 30, 2024: actual 49.7B HKD, estimate 32.53B HKD, surprise +52.77%, Beat. Q4 2024, reported Oct 30, 2024: actual 31.52B HKD, estimate 46.01B HKD, surprise -31.49%, Miss. Q1 2025, reported Mar 28, 2025: actual 65.49B HKD, estimate 26.8B HKD, surprise +144.33%, Beat. Q3 2025, reported Aug 29, 2025: actual 46.69B HKD, estimate 34.63B HKD, surprise +34.83%, Beat. Q4 2025, reported Oct 28, 2025: actual -1.75B HKD, estimate 32.95B HKD, surprise -105.30%, Miss. Q1 2026, reported Mar 27, 2026: actual 23.03B HKD, estimate 32.96B HKD, surprise -30.13%, Miss. Q3 2026, reported Aug 28, 2026: actual —, estimate 30.92B HKD, surprise —, Comparison unavailable.

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