In the first half of 2026, GAC Group recorded a total operating revenue of RMB 46.121 billion, up by 9.38% year-on-year (YoY). Despite this revenue growth, the company reported a net loss attributable to the parent company of RMB 4.467 billion, a significant 75.98% decrease compared to the same period last year. The net profit, excluding non-recurring items, also registered a loss of RMB 5.209 billion, reflecting a 76.86% YoY decline. Although the operating cash flow remained in negative territory, the extent of the loss narrowed by 34.03% YoY, reaching RMB -7.104 billion. The weighted average return on equity stood at -4.34%, with both basic and diluted earnings per share at RMB -0.44, marking a 76% YoY decrease. The company's asset-liability ratio was recorded at 54.98%. GAC Group, which primarily operates within the automotive industry and boasts a comprehensive supply chain, demonstrated resilience in revenue growth during this period. However, its profitability came under substantial pressure, while there were signs of improvement in cash flow conditions. By the end of the reporting period, the total number of shareholders reached 125,535, with the largest shareholder holding a 54.02% stake, thereby maintaining a stable equity structure. Throughout the reporting period, the company issued multiple tranches of green technology innovation bonds, resulting in a bond balance of RMB 13 billion and enjoying low financing costs. Nevertheless, the asset-liability ratio saw an increase compared to the end of the previous year.