GUANGZHOU AUTOMOBILE GROUP

Guangzhou Automobile Group Co., Ltd. (referred to as Guangzhou Automobile Group) was established on June 28, 2005. It was formerly known as Guangzhou Automobile Group Co., Ltd., which was established in June 1997. It is headquartered in Zhujiang New Town, Tianhe District, Guangzhou, and currently employs approximately 87,000 people. Ren is the first large state-owned shareholding automobile group in China to realize the overall listing of A+H shares. Since 2013, GAC Group has been ranked among t... he Fortune Global 500 for six consecutive years. In 2018, it ranked the 202nd among the world's top 500 companies and the 20th among the top 500 Chinese enterprises in 2018. Guangzhou Automobile Group adheres to the joint development and joint development of independent innovation. Its business covers vehicle (automobile, motorcycle) and parts development, manufacturing, automobile business services, automobile finance, etc. It has become one of the most complete automobile groups in the domestic industrial chain, and is also domestic. The first auto industry group with insurance, insurance brokerage, auto finance, financial leasing, finance and other financial industry licenses. At present, Guangzhou Automobile Group owns dozens of well-known enterprises and R&D institutions such as Guangqi Honda, Guangzhou Automobile Toyota, Guangzhou Automobile Passenger Vehicle, Guangzhou Automobile New Energy, Guangzhou Automobile Research Institute, GAC Fiat Chrysler, and GAC Mitsubishi. The core business segment of the vehicle forms its own brand. Japanese joint ventures and European and American joint ventures have achieved a steady development pattern of “three pillars”. In 2017, Guangzhou Automobile Group's automobile production and sales volume exceeded 2 million vehicles, an increase of 21% over the same period of last year; together with joint ventures and associated companies, the company realized a total operating income of 339.7 billion yuan, a year-on-year increase of 23%; the net profit attributable to owners of the parent company was 10.7 billion yuan. It increased by 71% year-on-year. From January to June 2018, the performance of Guangzhou Automobile Group maintained steady growth. The production and sales of automobiles exceeded 1 million units, reaching 104.8 and 1.017 million units respectively, up 7.7% and 5.5% year-on-year, ahead of the industry average; together with joint ventures and joint ventures The total operating income was approximately RMB 172.607 billion, an increase of approximately 6.22% year-on-year; the net profit attributable to owners of the parent company was approximately RMB 6.913 billion, representing an increase of approximately 11.82% year-on-year.