Guangzhou Automobile Group Co., Ltd. (GAC, 2238) reported a 14.88% year-on-year decrease in vehicle production for February 2026, bringing production to 90,220 units. Cumulative production for 2026 stood at 201,015 units, a 9.59% decline year-on-year. The company’s overall vehicle sales for February totaled 86,452 units, representing a 12.43% drop compared to the same period the previous year. However, cumulative sales in 2026 reached 203,074 units, reflecting a 3.00% year-on-year increase.

Among major subsidiaries, GAC Honda saw year-on-year drops in both production and sales, while GAC Toyota registered slight growth in production and solid improvement in sales. GAC Motor reported a moderate dip in production but a notable jump in sales. GAC AION recorded a decrease in both production and sales for the month, yet its cumulative sales rose significantly. GAC New Energy Commercial Vehicle achieved triple-digit percentage gains in both monthly and cumulative production.

According to supplemental disclosures on estimated financial results for 2025, GAC anticipates a net loss attributable to shareholders of the parent company amounting to 8.00 billion to 9.00 billion renminbi, with an expected net loss—after deducting non-recurring items—of 8.90 billion to 9.90 billion renminbi. For 2024, net loss after deduction of non-recurring items totaled 4.35 billion renminbi, and the change from profit to loss is thus highlighted for the year 2025. All other information remains consistent with earlier disclosures, and caution is advised when dealing in the company’s securities. The detailed 2025 annual results are anticipated for release in late March 2026.