GAC Reports Revenue of CNY 42.84 Billion in 2020
According to the automaker's financial results, revenue climbed 0.38% year-on-year to 42.84 billion yuan for the first three quarters. Excluding the impact of individual non-recurring gains and losses, the net profit reached CNY 4.364 billion, up 0.08% year-on-year.
The firm said its 3Q 2020 revenue and the net profit after deduction of non-recurring profit and loss rose 19.55% and 113.87% over the previous year, to CNY 17.407 billion and CNY 2.34 billion, respectively.
GAC NE, the company's NEV arm, showed a surge of 75% year-on-year with over 38,000 vehicles sold during the first three quarters.
This text is a result of machine translation.
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