NBD AI Bulletin - Guangzhou Automobile Group Co Ltd (the Company, SH 601238, close price: 15.87 yuan) announced on December 7 that the Company sold about 260,000 vehicles in November 2021, representing an increase of 6.32% year on year, and the year-to-date sales amounted to about 2.17 million vehicles, showing an increase of 7.26% from a year earlier.
By models, sales of sedans was about 110,000 units, delivering an increase of 9.14% year over year, sales of MPVs was down 12.06% year over year to about 12,100 units, and sales of SUVs dropped by 0.73% year over year to about 99,800 units.
The 2021 semiannual report shows that the main business of the Guangzhou Automobile Group is the whole vehicle manufacturing industry, business services, parts manufacturing, other, accounting for 61.2%, 30.51%, 4.36%, 3.93% of revenue, respectively.
Guangzhou Automobile Group's chairman is Zeng Qinghong, male, 60 years old, PhD. Guangzhou Automobile Group's general manager is Feng Xingya, male, 52 years old, master's degree.
(By Lan Suying)
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