Guangzhou Automobile Group Co (HK:2238) has released an update.
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Guangzhou Automobile Group Co., Ltd. reported a significant decline in both production and sales volumes for 2024, with production dropping by 24.21% and sales by 20.04% year-on-year. Despite a monthly increase in December sales by 9.3%, the overall annual figures reflect a challenging year for the company. Investors might find the contrasting performance of various subsidiaries, such as GAC Motor’s notable sales growth and GAC Honda’s steep declines, particularly intriguing.
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