Summary by Futu AI
Guangzhou Automobile Group (02238.HK) released its sales report for May 2024 on June 7, 2024, showing that the company's monthly automobile production was 139,994 vehicles, a year-on-year decrease of 37.62%, and cumulative production was 689,075 vehicles, a year-on-year decrease of 28.62%. During the same period, the sales volume of automobiles was 156,518 vehicles, a year-on-year decrease of 25.33%, and cumulative sales volume was 699,529 vehicles, a year-on-year decrease of 24.51%. New energy and energy-saving automobiles both recorded year-on-year declines. The production and sales data of major subsidiaries such as GAC Honda, GAC Toyota, and GAC Aion New Energy Automobiles also declined. The production and sales volume of Wuyang-Honda Motor (Guangzhou) Co., Ltd. also saw a year-on-year decrease. The report stated that the reported data is unaudited. This announcement was signed by the Chairman of Guangzhou Automobile Group, Zeng Qinghong, in Guangzhou, China.