GAC Group plans to apply to the National Association of Financial Market Institutional Investors for unified registration and issuance of debt financing instruments with a total principal amount not exceeding 15 billion yuan. The approval adopts a unified registration model, covering instruments such as super short-term commercial paper, short-term commercial paper, medium-term notes, and perpetual notes, which may be issued publicly in one or more tranches within the registered amount and validity period. The raised funds are intended for repaying interest-bearing liabilities, supplementing working capital, equity investments, and other purposes recognized by the association. In the first quarter of 2026, GAC Group achieved revenue of 20.229 billion yuan, with a net loss attributable to the parent company of 656 million yuan.
Guangzhou Automobile Group Co Ltd Class APlans to issue up to 15 billion yuan in debt, increasing leverage, while reporting a net loss of 656 million yuan in Q1 2026.