Guangzhou Automobile Expected to Rack Up Further Losses -- Market Talk

Dow Jones

09/02

1102 GMT - Guangzhou Automobile looks set to post a wider-than-expected loss for the full year, Deutsche Bank analysts say after it swung to a loss in 1H. DB now expects the carmaker to post an annual loss of CNY2.65 billion versus the CNY744.8 million forecast previously. It assumes a much lower operating margin too, after GAC posted its worst-ever gross margin in 2Q. Fierce pricing competition in China's auto sector has pressured earnings. DB cites the price wars as a main driver of GAC's widened 2Q loss and margin decline. Fellow carmaker BYD has been offering dealers discounts since April, and GAC has been compelled to follow suit, leading to margin contraction, analyst Bin Wang says. DB cuts the stock to HK$3.50 to HK$3.90, but sticks to a buy rating. (jason.chau@wsj.com)

(END) Dow Jones Newswires

September 02, 2025 07:03 ET (11:03 GMT)

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DB now expects the carmaker to post an annual loss of CNY2.65 billion versus the CNY744.8 million forecast previously. It assumes a much lower operating margin too, after GAC posted its worst-ever gross margin in 2Q. Fierce pricing competition in China's auto sector has pressured earnings. DB cites the price wars as a main driver of GAC's widened 2Q loss and margin decline. Fellow carmaker <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> has been offering dealers discounts since April, and GAC has been compelled to follow suit, leading to margin contraction, analyst Bin Wang says. DB cuts the stock to HK$3.50 to HK$3.90, but sticks to a buy rating. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 02, 2025 07:03 ET (11:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Guangzhou Automobile Expected to Rack Up Further Losses -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGuangzhou Automobile Expected to Rack Up Further Losses -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-09-02 19:03</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1102 GMT - <a href=\"https://laohu8.com/S/GNZUF\">Guangzhou Automobile</a> looks set to post a wider-than-expected loss for the full year, Deutsche Bank analysts say after it swung to a loss in 1H. DB now expects the carmaker to post an annual loss of CNY2.65 billion versus the CNY744.8 million forecast previously. It assumes a much lower operating margin too, after GAC posted its worst-ever gross margin in 2Q. Fierce pricing competition in China's auto sector has pressured earnings. DB cites the price wars as a main driver of GAC's widened 2Q loss and margin decline. Fellow carmaker <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> has been offering dealers discounts since April, and GAC has been compelled to follow suit, leading to margin contraction, analyst Bin Wang says. DB cuts the stock to HK$3.50 to HK$3.90, but sticks to a buy rating. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 02, 2025 07:03 ET (11:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4118","symbol_name":"綜合性資本市場","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2564809697","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564809697","pubTimestamp":1756810980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1102 GMT - Guangzhou Automobile looks set to post a wider-than-expected loss for the full year, Deutsche Bank analysts say after it swung to a loss in 1H. DB now expects the carmaker to post an annual loss of CNY2.65 billion versus the CNY744.8 million forecast previously. It assumes a much lower operating margin too, after GAC posted its worst-ever gross margin in 2Q. Fierce pricing competition in China's auto sector has pressured earnings. DB cites the price wars as a main driver of GAC's widened 2Q loss and margin decline. Fellow carmaker BYD has been offering dealers discounts since April, and GAC has been compelled to follow suit, leading to margin contraction, analyst Bin Wang says. DB cuts the stock to HK$3.50 to HK$3.90, but sticks to a buy rating. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4118":"综合性资本市场","BK1539":"汽车股","BK4566":"资本集团","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK1119":"汽车制造商","BK4552":"Archegos爆仓风波概念","02238":"广汽集团","DB":"德意志银行"},"translate_title":"广汽预计将进一步亏损——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02238":0.9,"DB":0.69},"content_text":"1102 GMT - Guangzhou Automobile looks set to post a wider-than-expected loss for the full year, Deutsche Bank analysts say after it swung to a loss in 1H. DB now expects the carmaker to post an annual loss of CNY2.65 billion versus the CNY744.8 million forecast previously. It assumes a much lower operating margin too, after GAC posted its worst-ever gross margin in 2Q. Fierce pricing competition in China's auto sector has pressured earnings. DB cites the price wars as a main driver of GAC's widened 2Q loss and margin decline. Fellow carmaker BYD has been offering dealers discounts since April, and GAC has been compelled to follow suit, leading to margin contraction, analyst Bin Wang says. DB cuts the stock to HK$3.50 to HK$3.90, but sticks to a buy rating. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 02, 2025 07:03 ET (11:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}