Guangzhou Automobile Group Co Ltd
SSE:601238
Guangzhou Automobile Group Co Ltd's latest stock split occurred on Jun 12, 2018
The company executed a 7-for-5 stock split, meaning that for every 5 shares held, investors received 7 new shares.
Before the split, Guangzhou Automobile Group Co Ltd traded at 19.08 per share. Afterward, the share price was about 12.3749.
The adjusted shares began trading on Jun 12, 2018. This was the only stock split in Guangzhou Automobile Group Co Ltd's history.
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Guangzhou Automobile Group Co Ltd
Glance View
In the sprawling landscape of China's automotive industry, Guangzhou Automobile Group Co., Ltd., known as GAC Group, has carved a significant niche, merging local insight with global ambition. Established in 1997, the company quickly transformed into a pivotal player within the sector, leveraging its strategic location in Guangdong Province—a crucial hub for China's automotive manufacturing. GAC Group's operational heartbeat pulses through a diverse portfolio that spans the production of passenger vehicles, commercial vehicles, and motorcycles. By fostering robust joint ventures with international powerhouses like Honda, Toyota, and Mitsubishi, it marries cutting-edge global tech with its expansive domestic distribution network, ensuring its models cater to a broad spectrum of consumers in China and increasingly abroad. Revenue streams for GAC are propelled by a combination of its proprietary brands and its joint venture outputs, capturing a sizable share of the rapidly evolving Chinese market. The company skillfully navigates the competitive landscape by emphasizing innovation, incorporating electric vehicles (EVs) and mobility solutions into its strategic framework, positioning itself for future growth as automotive trends shift towards sustainability. Additionally, GAC Group derives significant income from its financial subsidiaries, offering a suite of automotive financing services that enrich its overall business ecosystem. These initiatives collectively underscore GAC's commitment to adaptability and growth, as it aligns with broader market dynamics and the relentless march of technological advancement.
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