On March 31, Guangzhou Automobile Group Co.Ltd(601238) said at the media communication meeting for the release of the annual report that its new energy vehicle brand, ai’an, has become a “new force for car making” to the letter. This year, it will challenge the goal of increasing automobile production and sales by 15%. Pure electric super running and self driving taxis will be launched.
ea’an sold more than 120000 vehicles last year
According to the annual report of Guangzhou Automobile Group Co.Ltd(601238) 2021, last year, the production and sales of Guangzhou Automobile Group Co.Ltd(601238) passenger cars were 2135400 and 2141700 respectively, with a year-on-year increase of 5.13% and 4.97% respectively. The market share in China further increased to 8.16%, which is the growth of Guangzhou Automobile Group Co.Ltd(601238) market share for five consecutive years.
Last year, the company achieved a total operating revenue of 75.676 billion yuan, a year-on-year increase of 19.82%; The net profit attributable to shareholders of listed companies was 7.335 billion yuan, a year-on-year increase of 22.95%.
Last year, the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in China were 3.5449 million and 3.5205 million respectively, with a year-on-year increase of 159.49% and 159.48% respectively Guangzhou Automobile Group Co.Ltd(601238) new energy vehicles produced and sold 144700 and 142900 vehicles in the whole year, with a year-on-year increase of 88.68% and 77.35% respectively Guangzhou Automobile Group Co.Ltd(601238) new energy vehicle brand gac-e’an launched three new products, aion y, aion s plus and aion V plus. The annual cumulative sales volume reached 120200 vehicles, with a significant year-on-year increase of 101.8%.
GAC motor, another independent brand of Guangzhou Automobile Group Co.Ltd(601238) brand, launched new or modified models such as shadow leopard, GS4 plus and second-generation gs8 last year, with a total annual sales volume of 324200 vehicles, a year-on-year increase of 10.35%.
In terms of joint venture brands, the production and sales scale of mainstream joint venture car enterprises was greatly impacted by the shortage of chips in 2021. However, the performance of Guangzhou Automobile Group Co.Ltd(601238) two Japanese joint venture car enterprises was relatively stable. The sales volume of GAC Toyota increased by 8.2% year-on-year and that of GAC Honda decreased slightly by 3.2% year-on-year.
ea’an strives to choose an IPO next year
GAC AEAN is the most popular brand under Guangzhou Automobile Group Co.Ltd(601238) banner. Recently, the Guangzhou Automobile Group Co.Ltd(601238) board of directors deliberated and approved the proposal on the implementation of employee equity incentive and related matters of gac-e’an, and agreed that gac-e’an would implement equity incentive for 679 employees by means of non-public agreement capital increase, and 115 scientific and technological personnel of GAC Research Institute would hold the equity of gac-e’an “from top to bottom”, and simultaneously introduce Chengtong Group, Southern Network kinetic energy Guangzhou AIAN and other strategic investors meeting the needs of state-owned capital layout and structural adjustment raised a total of 2.566 billion yuan.
Feng Xingya, general manager of Guangzhou Automobile Group Co.Ltd(601238) said that there are still many investors interested in the a-round financing of ai’an. In the future, ai’an will introduce strategic investors that can produce synergy for subsequent development. After the completion of the mixed reform, based on the accumulation of Guangzhou Automobile Group Co.Ltd(601238) existing technology, ea’an will also give play to the advantages of system and mechanism, and make further progress in intelligent network connection and degree of autonomy. The goal is to become the leader of the new forces of vehicle manufacturing.
Guangzhou Automobile Group Co.Ltd(601238) chairman Zeng Qinghong introduced that gac-e’an expects to complete round a financing this year and strive to choose an opportunity for IPO next year Zeng Qinghong pointed out that Guangzhou Automobile Group Co.Ltd(601238) is still the controlling shareholder after the split listing of ai’an, and the rapid development of ai’an will form a stronger support for the group. In addition, GAC motor still has a lot of room for development in terms of hybrid.
this year challenges the target of 15% growth in production and sales
For this year’s operation, Guangzhou Automobile Group Co.Ltd(601238) set a target of 15% growth in production and sales. Zeng Qinghong said that Guangzhou Automobile Group Co.Ltd(601238) is fully confident to challenge the target of 15% year-on-year growth in production and sales in 2022 in the face of challenges such as rising raw material prices and lack of core. Feng Xingya also said, “this is a goal that can only be touched by jumping, but facing the future, GAC has to not only jump, but also run.”
It is reported that this year Guangzhou Automobile Group Co.Ltd(601238) will focus on product upgrading, build a new independent brand “dual brand” differentiation strategy and improve the product matrix. This year, the group plans to launch more than 15 new, upgraded or medium modified models. It is worth mentioning that Guangzhou Automobile Group Co.Ltd(601238) will launch a pure electric super run this year. The acceleration of 100 kilometers takes only 1.9 seconds, and the price may exceed one million yuan.
In terms of intelligent networking, Guangzhou Automobile Group Co.Ltd(601238) self-developed advanced intelligent driving assistance system NDA will be mass produced this year and can support urban road scenes in the future Guangzhou Automobile Group Co.Ltd(601238) its mobile travel brand, Ruqi travel, will launch robotaxi (self driving taxi). By 2025, Guangzhou Automobile Group Co.Ltd(601238) products will be fully connected to intelligent networks.
In addition, Feng Xingya also revealed that the development of Guangzhou Automobile Group Co.Ltd(601238) replacement electric vehicle is also progressing smoothly. At present, the fastest replacement time is only more than 50 seconds. In the future, Guangzhou Automobile Group Co.Ltd(601238) will fully realize the replacement. He believes that changing electricity is an important means to solve the convenience of electric vehicle charging in big cities, especially in megacities.
Facing the future, Guangzhou Automobile Group Co.Ltd(601238) proposes to strive for the production and sales volume of the whole group to reach 3.5 million vehicles by 2025, with an annual compound growth rate of more than 10%; By 2035, we will strive to realize the production and sales of 5 million vehicles and the revenue will exceed 1 trillion yuan.
