GAC Group announced that the net loss attributable to owners of the parent company for the first half year of 2026 is estimated to be 4.06 billion yuan to 4.57 billion yuan. Net profit for the same period last year was a loss of 2,538 billion yuan. The company said that due to a combination of adverse factors, the company's profit declined year-on-year. First, competition in the domestic market intensified, and the company's own brands continued to increase sales investment, leading to a year-on-year decline in independent brand profits due to changes in product sales structure and rising upstream raw material costs; second, joint venture brand operations were under pressure, and the company's investment income decreased year-on-year due to factors such as declining terminal sales, continued increase in sales investment and rising raw material costs; third, due to exchange rate fluctuations, the current period caused exchange losses, further reducing profit space.

GAC Group announced that the net loss attributable to owners of the parent company for the first half year of 2026 is estimated to be 4.06 billion yuan to 4.57 billion yuan. Net profit for the same period last year was a loss of 2,538 billion yuan. The company said that due to a combination of adverse factors, the company's profit declined year-on-year. First, competition in the domestic market intensified, and the company's own brands continued to increase sales investment, leading to a year-on-year decline in independent brand profits due to changes in product sales structure and rising upstream raw material costs; second, joint venture brand operations were under pressure, and the company's investment income decreased year-on-year due to factors such as declining terminal sales, continued increase in sales investment and rising raw material costs; third, due to exchange rate fluctuations, the current period caused exchange losses, further reducing profit space.