mg真人娱乐网站,欢迎您

2020-03-31 GAC Group’s Business Performance 2019 Announced: Steady Operation, Annual Dividend Payment was Up to RMB 2 Billion

On March 31, 2020, GAC Group (601238.SH, 02238.HK, "GAC") issued its 2019 performance announcement. During the reporting period, GAC Group, together with joint ventures and affiliates, achieved a total business revenue of RMB ~355.09 billion, a year-on-year slip of ~2.36%, and consolidated business revenue of ~59.704 billion, a year-on-year drop of ~17.51%. The net profit attributable to shareholders of GAC Group was RMB ~6.618 billion, a year-on-year slump of ~39.30%, and earnings per share was RMB ~0.65. In consideration of the company's profitability and future development needs, the Board of Directors recommends a final dividend of RMB 1.5 (tax included) per 10 shares to all shareholders, plus a dividend of RMB 0.5 (tax included) per 10 shares that has been paid in the medium term. The total amount of dividends distributed to all shareholders was RMB ~2.048 billion. Since the listing, the cumulative cash dividend has exceeded RMB 16.8 billion, and the annual dividend payout rate is more than 30%.


China’s auto market in 2019 was in recession due to a number of factors, including macroeconomic downturn, trade fluctuation, more stringent environmental standards, and the fade-out of new energy subsidies. Under the grave situation of the continuous decline of the domestic automobile industry and 8.23% sales drop year-on-year, GAC Group's annual car sales were 2.0622 million units, a slip of 3.99% year-on-year, outperformed the average industry by ~4.24%. GAC’s car sales ranked the top five nationwide. The market share increased by ~0.35% year-on-year. In spite of the downward market pressure, GAC Group’s overall performance was in line with market expectations, better than the industry average.

Affiliates

XML 地图 | Sitemap 地图