Guangzhou Automobile Group Co.Ltd(601238) accelerate the transformation of science and technology, and ea’an will choose the opportunity for IPO

On March 31, Guangzhou Automobile Group Co.Ltd(601238) held a media communication meeting for 2021 annual report release in the form of offline + online combination to communicate on issues related to Guangzhou Automobile Group Co.Ltd(601238) development and operation concerned by the media. Last year, Guangzhou Automobile Group Co.Ltd(601238) summary achieved a total operating revenue of about 429755 billion yuan, an increase of about 8.66% year-on-year; The net profit attributable to shareholders of listed companies exceeded 7.3 billion yuan, a year-on-year increase of nearly 23% Guangzhou Automobile Group Co.Ltd(601238) plans to distribute a final dividend of 1.7 yuan (including tax) for every 10 shares to all shareholders, superimposing the interim dividend already distributed, and the total amount of dividends distributed throughout the year is about 2.297 billion yuan. In terms of production and sales, in 2021, the group produced and sold 2138100 vehicles and 2144400 vehicles respectively, with a year-on-year increase of 5.08% and 4.92%, higher than the industry growth, and further increased its market share in China to 8.16%.

Zeng Qinghong, chairman of Guangzhou Automobile Group Co.Ltd(601238) said that Guangzhou Automobile Group Co.Ltd(601238) performed particularly well in terms of independent brands in 2021. While the sales of many new models increased rapidly, the continuous enhancement of scientific and technological strength also contributed to the significant thickening of Guangzhou Automobile Group Co.Ltd(601238) product power, marketing power and brand power. At the same time, the GAC joint venture brand is also in a continuous upward trend, constantly pushing through the old and bringing forth the new through product technology, and continuously improving the comprehensive competitiveness of the whole group Guangzhou Automobile Group Co.Ltd(601238) wholly owned subsidiary gac-e’an has completed employee equity incentive, and is expected to complete round a financing this year and strive for an opportunistic IPO next year.

Feng Xingya, general manager of Guangzhou Automobile Group Co.Ltd(601238) said that at present Guangzhou Automobile Group Co.Ltd(601238) is accelerating the transformation to a science and technology-based enterprise, aiming at new energy, intelligent Internet and other fields, continuing to make efforts in scientific research and innovation and striving to build a new development pattern. In 2021, Guangzhou Automobile Group Co.Ltd(601238) annual R & D investment exceeded 5.2 billion yuan, with 2580 new patent applications, including 1108 invention patents and 10620 cumulative patent applications. This year, Guangzhou Automobile Group Co.Ltd(601238) will release a real electric super run, which can accelerate 100 kilometers in only 1.9 seconds, and the car can be delivered at the end of the year or early next year; The self-developed advanced intelligent driving assistance system NDA will also be mass produced this year and can support urban road scenes in the future.

It is understood that Guangzhou Automobile Group Co.Ltd(601238) has made phased progress in the fields of vehicle cloud integrated electronic and electrical architecture, intelligent driving and adigo (intelligent driving interconnection) ecosystem. GAC car cloud integrated computing electronic and electrical architecture “Xingling architecture” was officially released at 2021 Guangzhou auto show. At present, all technical scheme designs have been completed. Adigo (intelligent driving interconnection) ecosystem has been iterated to version 4.0, including over the horizon call parking, NDA pilot assisted driving and other functions, which has been mass-produced and equipped in new models such as aion V plus.

Zeng Qinghong also said at the communication meeting that he would continue to strengthen the construction of high-level talent team, with the goal of forming an intelligent networked new energy technology R & D team with more than 30 leading talents, 20% software talent team and 3000 people by 2025. Zeng Qinghong revealed that next, Guangzhou Automobile Group Co.Ltd(601238) will also recruit deputy general manager and professional managers of the group globally, and will soon issue recruitment advertisements.

As a new force in the new energy market, GAC ea’an made great strides in scientific and technological innovation at the beginning of its birth. Gac-e’an will focus on continuous investment in EV + ICV and accelerate innovation and development in these two fields. In terms of EV technological innovation, gac-e’an will focus on platform upgrading and overcharge layout to build a sustainable energy ecology. By introducing aep3 0 new electric vehicle platform to realize the technology of overcharging, upgrading and quick replacement. At the same time, gac-e’an is also actively laying out the overcharge network. In March this year, Guangzhou Automobile Group Co.Ltd(601238) announced the establishment of GAC Energy Ecological Technology Co., Ltd. to help e’an lay out a sustainable energy supply system, with a total investment of 4.96 billion yuan. In addition, gac-e’an’s replacement of electric vehicle type will be gradually introduced to the market next year, which is expected to continuously optimize gac-e’an’s product structure. In terms of scientific and technological innovation of ICV, gac-e’an will rely on the “Xingling” electronic and electrical architecture to comprehensively improve the scientific and technological innovation strength of ICV. Later, it will launch the first infrared sensing technology to create an all-weather intelligent driving sensing scheme.

Meanwhile, Guangzhou Automobile Group Co.Ltd(601238) is also continuously promoting the independent control of the key core technologies of “three electricity”. Among them, the energy density and low-temperature characteristics of self-developed sponge silicon negative electrode battery are at the leading level in the industry. It was successfully launched with aion LX plus model last year, becoming the first model with a endurance of more than 1000 kilometers announced by the Ministry of industry and information technology; Super speed battery technology is also equipped with aion V Plus mass production application; The safety technology of magazine battery system realizes that the whole package of ternary lithium battery will not be punctured and will not catch fire, which has been successfully applied to aion y and other models; GAC’s first hydrogen fuel cell vehicle based on its own fuel cell system has also been officially demonstrated and operated, which is expected to create new performance growth points for GAC in the future.

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