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Consumer Durables

Guangzhou Automobile Group Co. Ltd.

  • 9.60 HKD
  • +0.35
  • +3.78%
  • China
    Feb 15, 2019
  • Ticker
    HKG(2238)
  • Prev. close
    9.25
  • Market cap (HKD)
    119,175M
  • Market cap (USD)
    15,184.90M
  • Shares
    10,233.70M

Business Summary

Guangzhou Automobile Group Co. Ltd. engages in the research and development, manufacturing, sales and after-sales services of passenger vehicles, commercial vehicles, motorcycles and auto parts. The company's business activities include the import and export of automobile-related products, automobile leasing, disassembling, and automobile credit. It also engages in the provision of logistics services, finance leasing, commercial factoring, renewable resources, insurance, insurance brokerage services, and equity investment. The company operates in five segments: Research & Development, Manufacture of Vehicles & Motorcycles, Parts & Components, Commercial Services and Financial Services. The Research & Development segment is mainly responsible for the groups general development plan of new products and new technology, as well as implementation of material R&D projects. The Manufacturer of Vehicles and Motorcycles segment products include GAC Mitsubishi ASX, Pajero, Outlander, Toyota Camry, Highlander, Yaris L, E'Z, Levin, standard motorcycles, sport bikes and scooters. The Parts and Components segment operates through its subsidiary and its controlling, investee companies and associated companies and Tong Fang Logistics in the upstream and downstream of the automobile industrial chain. The Parts and components segment includes engines, gearboxes, car seats, HVAC systems, 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. The company was founded on June 6, 1997 and is headquartered in Guangzhou, China.

Financial Highlights

Dec 2017 HKDUSD
Revenue79,594.34M10,213.80M
Gross Profit15,603.62M2,002.30M
Operating income5,680.86M728.98M
Income before tax4,307.07M552.69M
Net income12,437.44M1,596.01M
EBITDA8,359.12M1,072.66M
Diluted EPS1.320.17
Dividends Per Share0.460.05
Total Assets143,576.16M18,366.46M
Total liabilities55,721.15M7,127.92M
Total equity82,985.84M10,615.66M
Operating cash flow23,677.95M3,038.43M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 23,075.02M 27,356.71M 35,437.95M 55,965.89M 79,594.34M
Gross Profit 2,442.64M 3,094.21M 4,379.86M 9,128.53M 15,603.62M
Operating income 0 0 -482.02M 2,241.86M 5,680.86M
Income before tax -1,732.57M -1,318.51M -286.03M 1,537.72M 4,307.07M
Net income 3,367.42M 4,009.53M 5,220.52M 7,347.26M 12,437.44M
EBITDA 149.63M 61.40M 1,576.52M 4,770.76M 8,359.12M
Diluted EPS 0.36 0.44 0.58 0.80 1.32
Dividends Per Share 0.14 0.14 0.17 0.24 0.46
Total Assets 74,016.48M 77,896.44M 80,162.78M 91,585.47M 143,576.16M
Total liabilities 29,403.92M 31,545.75M 31,821.71M 39,635.18M 55,721.15M
Total equity 42,596.13M 44,148.23M 46,060.52M 48,438.79M 82,985.84M
Operating cash flow 5,066.93M 6,865.03M 11,695.88M 12,296.73M 23,677.95M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,974.87M 3,527.76M 4,571.12M 7,209.81M 10,213.80M
Gross Profit 314.91M 399.01M 564.95M 1,175.98M 2,002.30M
Operating income 0 0 -62.17M 288.80M 728.98M
Income before tax -223.36M -170.02M -36.89M 198.09M 552.69M
Net income 434.13M 517.04M 673.39M 946.51M 1,596.01M
EBITDA 19.29M 7.91M 203.35M 614.59M 1,072.66M
Diluted EPS 0.04 0.05 0.07 0.10 0.17
Dividends Per Share 0.01 0.01 0.02 0.03 0.05
Total Assets 9,545.89M 10,044.86M 10,343.38M 11,812.67M 18,366.46M
Total liabilities 3,792.21M 4,067.87M 4,105.94M 5,112.13M 7,127.92M
Total equity 5,493.61M 5,692.98M 5,943.17M 6,247.62M 10,615.66M
Operating cash flow 653.23M 885.27M 1,508.64M 1,584.12M 3,038.43M

Valuation Measures

Dec 2017
PER9.73
ROA10.57%
ROE18.92%
Operating margin7.13%
Profit margin15.62%

Key executives

  • General Manager & Non-Executive Director: Xing Ya Feng
  • Chief Financial Officer & Deputy General Manager: Dan Wang
  • Deputy General Manager: Shao Li
  • Chief-Accounting: Can Hui Li

Shareholders

  • Guangzhou State-Owned Assets Supervision & Admin. Commission (9.4%)
  • Schroder Investment Management Ltd. (5.7%)
  • Norges Bank Investment Management (4.9%)
  • Westwood Global Investments LLC (4.8%)
  • The Vanguard Group, Inc. (3.5%)
  • BlackRock Fund Advisors (3.2%)
  • Investec Asset Management Ltd. (1.4%)
  • First Seafront Fund Management Co., Ltd. (1.2%)
  • BlackRock Investment Management (UK) Ltd. (1.0%)
  • Green Court Capital Management Ltd. (1.0%)

Contact Details

  • Website:http://www.gagc.com.cn
  • Address: GAC Center, No. 23 Xingguo Road, Guangzhou, 510623, China
  • Phone: +86.20.8315.1089

Related Companies

  • GAC Finance Co., Ltd.
  • GAC Motor Hangzhou Co., Ltd.
  • GAC R&D Center Silicon Valley, Inc.
  • Changsha GACC-Tong Yang Automobile Component Co., Ltd.
  • Guangqi Honda Logistics Co. Ltd.
  • GAC Capital Co., Ltd.
  • Guangzhou Guang Ai Insurance Brokers Ltd.
  • Guangzhou Guangqi Commercial Logistics Co. Ltd.
  • Urtrust Insurance Co., Ltd.
  • GAC Hino (Shenyang) Motors Co. Ltd.
  • Guangzhou Automobile Group Autobus Co., Ltd.
  • Guangzhou Automobile Group Component Co., Ltd.
  • GAC Fiat Automobiles Co., Ltd.
  • Changfeng Co. Ltd.
  • Guangzhou Automobile Group Business Co. Ltd.
  • Guangzhou Automobile Group Motor Co., Ltd.
  • Zhejiang Gonow Automobile Co., Ltd.
  • GAC Changfeng Motor Co. Ltd.
  • China Lounge Investments Ltd.
  • Denway Motors Ltd.

Competitors

  • SAIC Motor Corporation Limited Class A
  • BAIC Motor Corporation Limited Class H
  • Dongfeng Motor Group Co., Ltd. Class H
  • Chongqing Changan Automobile Company Limited Class B
  • FAW Car Co., Ltd. Class A
  • Geely Automobile Holdings Limited
  • Great Wall Motor Co., Ltd. Class H
  • Shanghai Shenhua Holdings Co., Ltd. Class A
  • Hengli Industrial Development Group Co. Ltd. Class A
  • NIO Inc. Sponsored ADR Class A
Last Updated on 15 Feb, 2019

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