GUANGZHOU AUTOMOBILE GROUP CO., LTD.
2238
1
4 59,704,322 72,379,779
(57,181,363) (60,835,699)
2,522,959 11,544,080
(4,553,402) (5,073,033)
(3,589,516) (4,519,380)
(53,831) (7,257)
290,694 453,389
5 2,620,340 1,067,991
(2,762,756) 3,465,790
171,565 103,021
6 (516,481) (458,858)
7 9,399,343 8,753,300
6,291,671 11,863,253
8 417,186 (920,808)
6,708,857 10,942,445
6,616,265 10,899,603
92,592 42,842
6,708,857 10,942,445
2
1,151 722
(419) –
8,974 (75,562)
9,706 (74,840)
6,718,563 10,867,605
6,625,971 10,824,763
92,592 42,842
6,718,563 10,867,605
9 0.65 1.07
9 0.64 1.06
3
– 3,929,992
19,395,807 16,318,393
6,846,371 –
1,334,487 1,485,994
10,809,744 8,539,985
7 32,004,786 28,995,309
1,705,313 1,062,075
1,224,218 1,215,244
3,137,472 1,588,786
4,140,853 2,827,005
80,599,051 65,962,783
6,927,830 6,729,797
11 16,843,950 16,605,239
6,948 –
842,845 967,734
6,959,924 10,336,681
1,678,017 3,841,939
23,604,986 27,729,586
56,864,500 66,210,976
137,463,551 132,173,759
4
10,237,708 10,232,497
28,144,766 26,880,662
41,805,637 39,490,695
80,188,111 76,603,854
2,320,135 1,370,853
82,508,246 77,974,707
12 262,876 198,485
7,691,622 9,611,461
1,232,042 –
183,136 160,977
1,014,776 674,556
2,795,975 3,262,220
13,180,427 13,907,699
12 33,616,467 35,786,131
1,528,757 1,335,696
284,124 340,264
6,168,929 2,829,262
176,601 –
41,774,878 40,291,353
54,955,305 54,199,052
137,463,551 132,173,759
5
1.
448–458 23
2.
622
(a)
16
23
9
28
19
16
3
6
(b)
9
39
7
1
8
3
17
3 16
16
2 16
16 17
4.75%
7
(i)
16
17 4
(ii)
443,350
361,120
361,120
93,095
268,025
361,120
(iii)
8
(iv)
4,291,112,000
361,120,000
3,929,992,000
(v)
16
4.
10%
9
57,473,064 2,647,427 (416,169) – 59,704,322
(87,576) (328,593) 416,169 – –
57,385,488 2,318,834 – – 59,704,322
(2,287,703) (175,137) (425) – (2,463,265)
– – – 198,953 198,953
– – – (498,444) (498,444)
(2,762,756)
(219,642) (14,762) – (282,077) (516,481)
27,986 21,039 – 122,540 171,565
8,937,715 461,628 – – 9,399,343
6,291,671
494,487 (66,610) – (10,691) 417,186
6,708,857
4,197,356 26,500 – 59,810 4,283,666
17,882 35,949 – – 53,831
30,183 – – – 30,183
81,667 331 – – 81,998
443,217 – – – 443,217
10
101,925,922 37,036,319 (36,341,329) 34,842,639 137,463,551
28,281,061 3,723,725 – – 32,004,786
51,542,547 27,583,109 (36,431,011) 12,260,660 54,955,305
11,299,504 1,135,866 – – 12,435,370
69,774,402 2,948,073 (342,696) – 72,379,779
(124,592) (218,104) 342,696 – –
69,649,810 2,729,969 – – 72,379,779
3,351,524 554,092 (396) – 3,905,220
– – – 334,035 334,035
– – – (773,465) (773,465)
3,465,790
(129,021) (18,187) – (311,650) (458,858)
19,983 5,086 – 77,952 103,021
8,391,569 361,731 – – 8,753,300
11,863,253
(779,277) (131,973) – (9,558) (920,808)
10,942,445
11
2,970,072 56,136 – 22,138 3,048,346
7,230 27 – – 7,257
103,125 567 – – 103,692
266 – – – 266
102,107 – – – 102,107
92,288,668 38,874,836 (31,468,420) 32,478,675 132,173,759
24,814,538 4,180,771 – – 28,995,309
45,104,433 30,102,274 (31,517,142) 10,509,487 54,199,052
9,633,345 620,925 – – 10,254,270
12
5.
40,071 65,203
8,895 (48,977)
(14,127) (16,788)
22,493 25,677
2,239,317 790,314
191,875 194,679
95,354 (23,857)
– 17,622
36,462 64,118
2,620,340 1,067,991
6.
521,299 510,301
59,503 –
(64,321) (51,443)
516,481 458,858
7.
23,867,207 22,113,574
8,137,579 6,881,735
32,004,786 28,995,309
13
8,194,859 7,226,090
1,204,484 1,527,210
9,399,343 8,753,300
7.1
23,867,207 22,113,574
(a)
22,113,574 19,201,981
– (62,191)
22,113,574 19,139,790
(i)) 508,510 1,593,281
– (62,396)
(88,420) (27,115)
8,252,907 7,240,817
2,654 3,731
(6,922,018) (5,774,534)
23,867,207 22,113,574
(i) 77,500,000
431,010,000
14
(b)
%
50 1
50 1
50 1
50 1
50 1
50 1
50 1
1
(c)
90
15
74,621,992 61,074,993
52,811,062 42,761,569
46,104,137 61,897,923
98,915,199 104,659,492
173,537,191 165,734,485
21,693,717 13,291,657
5,980,843 4,999,229
27,674,560 18,290,886
23,703,660 21,893,491
79,557,334 86,630,312
103,260,994 108,523,803
130,935,554 126,814,689
42,601,637 38,919,796
(17,206) (17,073)
42,584,431 38,902,723
16
248,545,510 241,881,015
(211,668,629) (203,685,751)
(20,390,072) (23,661,386)
16,486,809 14,533,878
(133) (20)
16,486,676 14,533,858
(20) –
16,486,656 14,533,858
8.
203,893 805,172
(621,079) 115,636
(417,186) 920,808
15% 25%
15% 25%
16.5%
16.5%
17
9.
(a)
6,616,265 10,899,603
10,235,610 10,216,906
0.65 1.07
(b)
6,616,265 10,899,603
91,832 89,427
6,708,097 10,989,030
10,235,610 10,216,906
2,612 22,535
177,118 173,153
10,415,340 10,412,594
0.64 1.06
18
10.
0.05 0.10 511,885 1,021,470
0.15 0.28 1,535,656 2,865,995
2,047,541 3,887,465
3,377,880,000 4,158,451,000
0.15
1,535,656,000
11.
(a) 3,720,676 2,407,440
(254,327) (248,905)
3,466,349 2,158,535
2,241,121 4,756,832
1,645,655 603,412
240,000 189,400
1,883,638 1,751,306
1,284,439 1,425,552
3,614,415 3,202,844
1,127,573 1,045,445
1,340,760 1,471,913
16,843,950 16,605,239
19
(a) 0 365
2,908,145 2,153,009
561,819 79,519
78,988 7,619
7,363 10,083
8,401 6,439
155,960 150,771
3,720,676 2,407,440
12.
(a) 12,142,923 11,438,370
1,122,303 834,772
2,179,518 2,190,001
417,427 764,328
189,534 116,662
718,208 741,226
1,548,213 1,747,657
1,451,364 1,590,019
659,699 874,055
825,802 691,342
8,596,263 9,746,028
825,680 625,596
252,235 378,955
178,609 169,054
2,771,565 4,076,551
33,879,343 35,984,616
(262,876) (198,485)
33,616,467 35,786,131
20
(a)
11,749,823 11,256,179
318,534 106,697
39,981 50,365
34,585 25,129
12,142,923 11,438,370
21
2019
8.23% 206.22 3.99% 4.24
0.35
3.98% 17.59%
GPMA GS4
Aion S Aion LX
110.6% 3,550.90
2.36% 597.04 17.51%
66.16 39.30% 0.65
39.25% 7 500 200 189
30%
10 1.5
10 0.5 20.48
168
22
2
e-TIME (Experience) (Technology)
(Intelligence) (Manufacture) (Electrification)
285 6 26
100
12
53 14
13 1.5TM
2.0TGDI
G3.0
ADiGO
2019 96.4
23
3 2019
12 5,283.6
13,000 5
2019
7,927.83
16
2019 5.5 2020
3,438
2020
3%
e-TIME 2020
24
QDR
2020
25
1.
2.
(1)
15 25 SUV 3 MPV
Trumpchi GA3 GA4 GA5 GA6 GA8 GS3 GS4 GS5 GS7
GS8 GM6 GM8
Accord Crider Vezel Odyssey City
Fit Avancier Breeze Acura CDX Acura TLX-L
Acura RDX
Camry Highlander Yaris L Levin
C-HR
JEEP JEEP JEEP JEEP
ASX Outlander Eclipse Cross
26
GA3SPHEV GS4PHEV GE3 AION S AION LX
Breeze Acura CDX
VE-1
E+ iA5
PHEV JEEP PHEV
PHEV EV
10 2019 5
20 2019 6 12
2019 12 261.3
31 4S 2,555
27
(2)
125
3.
4.
HVAC
74%
5.
28
2019
1.
2019 2,572.06 2,576.87
7.51% 8.23% 4.20 5.46
2.
2019 2,136.02 2,144.42 9.22% 9.56%
83.05% 83.22% 1.56 1.22
124.70 123.44
10.86% 10.70% SUV 59.99 62.72
6.03% 6.28%
29
3.
2019 124.2
120.6 2.3% 4.0% 2018 59.9%
61.7%
102.00 97.20 3.40% 1.20%
22.00 23.20 22.50% 14.50%
2,833 2,737 85.50% 79.20%
4.
2019 2,329.4 6.7%
1.5 90.4% 1.5
1.
12
30
2.
(1)
(2) (3)
3.
SUV MPV
GM6 GS4 Aion S Aion LX
HEV
4.
1.5TM 7WDCT 1,455
6,079 799 166 3,723
575 GE3 2019 11 3
GAC
31
5.
ADiGO
L3 Aion
Aion S SUV
Aion LX Aion LX
ADiGO
6.
A/H
32
2019
1.
GS4
GM6 GS4 GA6 Aion S Aion LX
HEV E+ PHEV
IGBT TNGA
TNGA 2.0L
25
IPO
33
2.
,
5,932.16
17 54
3.
12
24
34
4.
GS4 GA6 GM6 Aion S Aion LX
GS4 GPMA
SUV Aion S 4 3.2
Aion LX 650km NEDC 3.9
L3
4 2+1 500
8 24
5.
2019
156
126 A e
1,500
2019
35
6.
70
2019
3,550.90
85.95 2.36%
597.04 17.51%
66.16 39.30% 0.65
0.42
1. 2019
2019
MPV GM6 GA6 GS4
Aion S Aion LX
4
36
2.
iA5
3.
2019 6
2019 12 31
653.41 1,242.38
37
(%)
597.04 723.80 -17.51
571.81 608.36 -6.01
45.53 50.73 -10.25
35.90 45.19 -20.56
5.16 4.59 12.42
4.62 5.56 -16.91
93.99 87.53 7.38
-23.88 -23.38 -2.14
-0.52 -51.48 98.99
-17.11 -20.12 14.96
1
597.04 17.51%
571.81 6.01%
25.23 90.21 78.14%
11.72
38
( ) (%) (%) (%)
360.60 354.93 1.57 -28.44 -16.16 -90.18
24.74 23.46 5.17 -14.16 -6.38 -60.38
188.51 179.57 4.74 15.13 17.96 -32.57
23.19 13.85 40.28 -15.05 79.40 -43.84
597.04 571.81 4.23 -17.51 -6.01 -73.48
( ) (%) (%) (%)
360.39 354.80 1.55 -28.46 -16.18 -90.29
213.25 203.03 4.79 10.74 14.52 -39.60
23.40 13.98 40.26 -14.85 79.92 -43.87
597.04 571.81 4.23 -17.51 -6.01 -73.48
39
( ) (%) (%) (%)
595.38 571.74 3.97 -17.72 -6.01 -75.09
1.66 0.07 95.78 730.00 0.00 47.35
597.04 571.81 4.23 -17.51 -6.01 -73.48
(%) (%) (%)
53,721 58,365 1,716 -10.29 4.40 -73.07
SUV 268,161 267,453 18,991 -40.81 -40.10 3.55
MPV 57,437 58,760 3,437 53.11 79.45 -28.05
(%)
29.64 5.00
40
(%)
133.44 24.20
8.36%
5%
2
(1) 5.20
(2) 9.29 A
(3) 0.57
(4) 0.94
41
3
(1)
9.59
43.17
52.76
(%) 8.84
6,222
(%) 17.62
(%) 81.82
(2) 52.76 3.87
4
93.99
6.46
5
(1) 23.88
23.38 0.50
42
(2) 0.52
51.48 50.96
(3) 17.11
20.12 3.01
(4) 2019 12 31 236.05 2018 12
31 277.30 41.25
6
-4.17 13.38
66.16
39.30% 0.65 0.42
43
1
(%) (%) (%)
41.41 3.01 28.27 2.14 46.48
31.37 2.28 15.89 1.20 97.42
193.96 14.11 163.18 12.35 18.86
61.69 4.49 28.29 2.14 118.06
336.16 24.45 357.86 27.08 -6.06
2
(1)
(2)
(3)
44
(4) 20 3 2020
4
(5)
1
2019 12 31 1.36 2018 12 31 1.64
1.20 2018 12 31 1.48
2
2019 12 31 568.65 417.75
1.36
2019 12 31 138.61 30
20 3
25.51 4 50.70
2019 12 31 14.38%
+ + +
3
45
4
2019 12 31 0 2018 12 31
0 2019 12 31
0 2018 12 31 0
1.
(%)
65 77.66 119.48
60 67.06 139.71
82 37.93 55.92
20 12.80 64.00
32.8 6.57 20.03
1 0.35 35.00
0.5 0.02 4.00
1.
2. 24
2020 2
3. 12 2019 12 139.71%
4. 20 2019 6 10 2019
5
46
469,400 65,028 311,817 10 2018 12 20
20 (10
310,221 39,300 307,256 12 2015 10 24
24 12-24 2020 2
1,132,988.6 196,077 196,077 2022 40
47
2.
(%) (%)
2,058,500 2,138,543 -3.74 2,020,161 2,184,910 -7.54
1,108,722 986,524 12.39 1,090,750 1,011,920 7.79
MPV 103,241 78,243 31.95 100,623 82,602 21.82
SUV 846,537 1,073,776 -21.16 828,788 1,090,388 -23.99
3,660 9,349 -60.85 3,653 9,100 -59.86
142 5,046 -97.19 137 5,046 -97.28
3,518 4,303 -18.24 3,516 4,054 -13.27
2,062,160 2,147,892 -3.99 2,023,814 2,194,010 -7.76
(%) (%)
2,033,824 2,120,739 -4.10 24,676 17,804 38.60
1,092,933 972,337 12.40 15,789 14,187 11.29
MPV 102,901 78,168 31.64 340 75 353.33
SUV 837,990 1,070,234 -21.70 8,547 3,542 141.30
3,660 9,349 -60.85 – – –
142 5,046 -97.19 – – –
3,518 4,303 -18.24 – – –
2,037,484 2,130,088 -4.35 24,676 17,804 38.60
48
3.
10 / 2019 5
(%) (%)
42,224 20,045 110.65 43,078 20,014 115.24
(%)
491,819 86,139 17.51
49
762,390 770,884 1.56% 3.98%
10,571,144 8.03%
670,554 682,008 11.88% 17.59%
9,805,427 17.12%
379,319 384,578 31.09% 28.14%
4,072,182 26.89%
50
2020
1.
51
2.
2020 2
11
3
2020
3.
52
1
5 1 3 300
80%
2027 30
100 2037 40
2020
e-TIME
53
2020
3%
19 8
GS4 PHEV Coupe GA8 GM8 GS3
SUV HYCAN 007 11
VE-1 CDX
C-HR EV Jeep
1.
2.
3.
4.
5.
6.
54
1.
(1)
(2)
3.3 5.4
2,500
(3)
2 24 2025
2025 (L3)
55
2.
(1)
2010 9
(Trumpchi) SUV MPV
GS4 GS8 GS7 GM8 GM6
(2)
56
(3)
GS4 GS8 GM8
GM6
3.
(1)
2013 1 1
2013 10 1
2019
167 56 680.97
57
(2)
4.
58
2019 12 31
2019 12 31 0.15 2019
0.2 (2018 0.38
20% 50%
2016 6 8
60%
59
2018 12
AW
40%
2014 8 4
49%
2013 4
2000 3
21
2000 8 29
Fiat Group Automobiles S.P.A.
2010 3 9
2017 1
90% 5% 5%
2007 11 28
1998 5 13
60
2012 9 25
2017 7
2018 4
45%
2018 12
51%
2010 5 25
2004 9 1
2004 2 24 30%
2006 6
29
2008
7 21
61
2003 9 8
25% 2018 10
100%
MPV
2019 4
Chenqi Technology Limited
35%
2003 10 8
50% 30% 20%
SUV
2018 12
49%
62
2007 7
25%
2011 6 8
53.55%
1992
50%
63