GAC GROUP (02238) announced its financial results for the first quarter of 2026. The company reported operating revenue of approximately 20.039 billion yuan, representing a year-on-year increase of 1.98%. Net loss attributable to shareholders of the listed company was 656 million yuan, narrowing by 10.29% compared to the same period last year. The adjusted net loss reached about 1.384 billion yuan, an increase of 55.03% year-on-year. Basic loss per share stood at 0.06 yuan.

The growth in adjusted net loss was primarily attributed to foreign exchange losses incurred during the reporting period due to currency fluctuations, contrasting with foreign exchange gains in the same period last year. The net increase in foreign exchange losses compared to the previous year, coupled with rising interest expenses from the issuance of green technology innovation bonds, collectively contributed to the expanded loss.