GAC’s performance in the first three quarters was very impressive.
On October 27, Guangzhou Automobile Group Co., Ltd. released its 2022 third quarter report.
The report shows that in the third quarter of this year, the company achieved operating income of 31.527 billion yuan, a year-on-year increase of 51.58% and a month-on-month increase of 24.6%; net profit attributable to the parent was 2.312 billion yuan, an increase of 144.07% year-on-year; non-net profit attributable to the parent was 2.087 billion yuan, a year-on-year increase. An increase of 292.70%.
In the first three quarters of 2022, GAC Group achieved an operating income of 79.976 billion yuan, a year-on-year increase of 45.10%; a net profit attributable to the parent of 8.062 billion yuan, a year-on-year increase of 52.59%; and a non-net profit attributable to the parent of 7.728 billion yuan, a year-on-year increase of 68.87%.
In the third quarter of this year, the demand-side passenger car purchase tax incentives and local consumption incentives, as well as the impact on the supply-side raw material prices, and the continuous improvement of the supply chain layout of domestic OEMs, the domestic passenger car market has returned to the upward channel. This also makes GAC Group’s third-quarter performance growth contribution more significant.
Data show that in September this year, GAC Group produced a total of 228,100 vehicles and sold 237,200 vehicles, an increase of 41.5% and 44.3% year-on-year respectively. From January to September, a total of 1.8326 million vehicles were produced and 1.825 million vehicles were sold, a year-on-year increase of 26.9% and 22.2% respectively.
At the same time, domestic auto production and sales in September this year were 2.672 million and 2.61 million, up 11.5% and 9.5% month-on-month, and 28.1% and 25.7% year-on-year.
From January to September this year, the production and sales of automobiles were 19.632 million and 19.47 million, an increase of 7.4% and 4.4% year-on-year respectively. In contrast, GAC Group’s monthly and cumulative production and sales growth rates far exceeded the industry average.
The substantial increase in the scale of production and sales combined with the increase in the market share of high-value models has effectively driven the increase in the gross profit of GAC Group. In the third quarter of this year, GAC Group’s gross profit increased significantly, up 26.8% month-on-month and 10.8% year-on-year.
During the reporting period, GAC Trumpchi, the self-owned brand of GAC Group, further strengthened its product capabilities and consolidated its competitive advantage.
In September this year, GAC Trumpchi achieved production and sales of 37,223 vehicles and 33,494 vehicles, a year-on-year increase of 65.1% and 46.1%. From January to September, it produced 274,605 vehicles and sold 267,374 vehicles, a year-on-year increase of 32.0% and 20.9% respectively.
On October 25, the GAC Trumpchi Shadow Leopard Hybrid was officially launched. A total of 2 models were launched. The official guide price was 128,000-148,000 yuan.
In terms of appearance, the overall design of the new car is basically the same as that of the fuel version. The large-sized front air intake grille is equipped with domineering ventilation openings on both sides. The interior of the vehicle’s headlights adopts longitudinally arranged LED light sources, and the front surrounds both sides. There are also vertical ventilation openings, and the overall details show a good sense of movement.
On the side of the body, the waistline of the new car runs through the body to the rear, and the lift-up rib line under the door gives the new car a state of being ready to go.
In addition, the door frame, exterior mirrors, side skirts and other parts of the new car are painted in black, which looks more mysterious. The new wheel rim adopts a two-tone dense spoke shape, which further highlights the fashion sense.
The tail shape depicts strong sports attributes through details. The rear of the J20·Intelligent Hybrid Edition is equipped with bilateral four-outlet exhausts, while the J20·High-energy Hybrid Edition adopts bilateral double-outlet hidden exhausts, but the J20·High-energy hybrid version also supports Optional fighter styling.
The blackened design of the taillights is very attractive, which is very consistent with the tonality of the whole vehicle. The diffuser at the bottom also greatly enhances the sporty feel of the vehicle.
The interior adopts the blue and white color scheme exclusive to the hybrid version, and the materials used have been improved. Various imitation carbon fiber decorative panels of the fuel version model have been replaced by a large number of blue leather, and only some of them have been retained.
The three-spoke steering wheel has a three-dimensional shape, which supports the sports atmosphere in the car. The layout of the dual screen and various functions ensure the technological attributes of the car.
In terms of configuration, the high-end model of the Shadow Leopard hybrid version will be equipped with dual 10.25-inch screens, 8 speakers and a driving recorder. In terms of safety configuration, high-end models will also be equipped with side air curtains, front parking radar, and 360-degree panoramic images.
In addition, both models of the Shadow Leopard Hybrid version can be equipped with an optional non-openable panoramic roof with a size of 2.8 square meters.
In terms of power, the Shadow Leopard Hybrid version adopts the GMC2.0 hybrid system independently developed by GAC, a hybrid system composed of a 2.0L ATK high-efficiency Atkinson four-cylinder engine and an electric motor, with a combined maximum horsepower of 238 horsepower, matching 2nd gear. DHT gearbox, the official announcement of comprehensive fuel consumption under WLTC operating conditions is 4.33L/100km, and the longest cruising range of a tank of fuel is 1537 kilometers.
Since the launch of Trumpchi Shadow Leopard in August 2021, it has been favored by young users. As the first light run for young people, Shadow Leopard was once called a new model by netizens with its super high appearance and outstanding power performance. A “Civilian Super Running”, soon after its launch, it achieved the feat of consecutive monthly sales exceeding 10,000.
And the Shadow Leopard hybrid version, will it undertake the feat of the Shadow Leopard’s continuous sales of over 10,000, and what kind of dazzling performance will it bring us? We look forward to it together.