Company Overview of Guangzhou Automobile Group Co., Ltd.
Guangzhou Automobile Group Co., Ltd., together with its subsidiaries, engages in the research, design, development, manufacture, and sale of passenger and commercial vehicles, motorcycles, engines, and auto parts in Mainland China and Hong Kong. The company provides light and heavy trucks, construction vehicles, energy vehicles, and pickups; motorcycles comprising standard motorcycles, sport bikes, scooters, etc.; and auto-parts, including engines, gearboxes, car seats, HVAC systems, auto lamps, redirectors, shock absorbers, and accessories. It is also involved in automobile leasing activities; the import and export of automobile related products; automobile disassembling and automobile cred...
448-458 Dong Feng Zhong Road
Founded in 1997
Key Executives for Guangzhou Automobile Group Co., Ltd.
Vice Chairman, General Manager and Member of Strategy Committee
Total Annual Compensation: $1.4M
Deputy General Manager, Company Secretary and Executive Director
Total Annual Compensation: $1.2M
Vice Chairman and Member of Strategy Committee
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.
Guangzhou Automobile Group Co., Ltd. Key Developments
Guangzhou Automobile Group To Sell Stake In Changfeng Liebao Automobile
Jan 23 16
Guangzhou Automobile Group Co., Ltd. (SEHK:2238) held the 15th session of the 4th directorate meeting on January 21, 2016, which discussed and approved the "Proposal of A2A Project of Guangzhou Automobile Group Motor Co., Ltd, the "Proposal of GAC Motor Transferring 10% of Equity of Changfeng Liebao Automobile Co., Ltd." and the "Proposal of Continuous Connected Transactions”.
Guangzhou Automobile Group Co., Ltd., Board Meeting, Jan 21, 2016
Jan 22 16
Guangzhou Automobile Group Co., Ltd., Board Meeting, Jan 21, 2016. Agenda: To discuss and approve the proposal of A2A Project of GAC Motor Co., Ltd. ; to consider the proposal of GAC Motor transferring 10% of equity of Changfeng Liebao Automobile Co., Ltd.; and to the consider proposal of continuous connected transactions (2016-2018).
Guangzhou Automobile Group Co., Ltd. Provides Earnings Guidance for the Full Year Ended December 31, 2015
Jan 14 16
Guangzhou Automobile Group Co., Ltd. provided earnings guidance for the full year ended December 31, 2015. Based on the preliminary estimations of the financial department of the company, the net profit realized and attributable to its shareholders in the year ended December 31, 2015 is expected to increase by 20% to 45%, compared with the same period last year. The company realized net profit attributable to the shareholders of the company of RMB 3,185,890,686 or RMB 0.50 per share in the same period in the last year. Main reason for the estimated increase of results during the period is: in 2015, the core business of the company has a stable development by actively introducing new products and implementing product strategic plan in order to steadily enhance the quality and efficiency of enterprise development. The annual sales volume of independent brand passenger vehicles has a significant increase while the results of the joint venture companies have been further enhanced with the rapid development of automobile parts, commercial services, automobile credit and insurance businesses in both the up-stream and down-stream of the industry chain. Meanwhile, the operating quality of the company has further enhanced and the net profit attributable to its shareholders for the year 2015 has maintained a relatively rapid growth compared with the same period last year.
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