US EditionGAC Group lost over 700 million in the first quarter of this year and 4.3 billion last year | State-owned enterprises
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On April 25, Guangzhou Automobile Group Co., Ltd. released its first quarter financial report for 2025, showing a net loss of RMB 732 million in the first quarter of this year. The state-owned automaker suffered a huge loss for the first time last year, reflecting the severe challenges the company faces in the auto market.
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