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C o n t e n t s
1
Industry Overview for 2023 H1
2
Business Performance in 2023 H1
3 Financial Position in 2023 H1
4 Outlook
Part 1
Industry Overview for 2023 H1
Automobile sales achieved higherYOY growth in the first half of 2023
Automobile Sales and Growth Rate in China
Monthly Automobile Sales and Growth Rate in China
-2.8%
Unit: 10,000 vehicles
3.8%
2.1%
-1.8%
Unit: 10,000 vehicles
82.7%
13.5%
9.7%
27.9%
4.8%
-8.2%
437
479
330
432
513
9.8% YOY growth
2,371
2,144
2,018
2,148
2,356
170
197
1,035
1,127
2018
2019
2020
2021
2022
2022H1
2023H1
Passenger cars
Commercial cars
Automobiles sales growth
-35.0%
35
43
33
32
35
18
202
205
227
181
147
165
Jan.
Feb.
Mar
Apr.
May
Jun.
Monthly sales volume of commercial vehicles Monthly sales volume of passenger cars
YOY growth rate of monthly car sales
◆In the first half of 2023, the production and sales of automobiles were 13.248 million and 13.239 million respectively, up by 9.3% and
9.8% YOY, among which the sales of passenger cars increased by 8.8% YOY, and the sales of commercial vehicles increased by
Guangzhou Automobile Group Co. Ltd. published this content on 22 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2023 14:32:02 UTC.
Guangzhou Automobile Group Company Limited is an investment holding company principally engaged in vehicles and related businesses. The Company operates through five segments. The Research and Development (R&D) segment is engaged in the development of new products and new technology, as well as the implementation of R&D projects. The Manufacture segment is engaged in the manufacture of passenger vehicles and motorcycles. The Commercial Services segment is engaged in vehicle sales, logistics, international trading, second-hand vehicles, disassembling, resources recycling, as well as the provision of supporting services. The Parts and Components segment provides engines, gearboxes, car seats, auto lamps, automation accessories, redirectors, shock absorbers and accessories. The Financial segment provides financial investment, insurance, insurance broker, financial lease, automobile credit and other related services.
GUANGZHOU AUTOMOBILE GROUP CO., LTD. 
