GAC Group's Q3 2024 report shows the company achieved operating revenue of 74.04 billion yuan in the first three quarters, a year-on-year decrease of 24.2%; net profit attributable to shareholders was 120 million yuan, down 97.3% year-on-year; non-GAAP net profit attributable to shareholders was -1.87 billion yuan, down 146.5% year-on-year; net operating cash flow was 983 million yuan, down 75.6% year-on-year.
In the third quarter alone, the company's revenue was 28.233 billion yuan, down 21.7% year-on-year; net profit attributable to shareholders was -1.396 billion yuan, down 190.4% year-on-year; non-GAAP net profit attributable to shareholders was -1.532 billion yuan, down 216.0% year-on-year.
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