GAC GROUP: the spin-off and listing of the Ian brand is being carried out in an orderly manner as planned.

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com September 11 news, in today's GAC GROUP 2023 half-year performance presentation meeting, GAC GROUP Chairman Zeng Qinghong revealed that GAC Ean spin-off listing work is currently in accordance with the plan and orderly progress, the specific listing time depends on the listing review progress and then the capital market conditions, the specific progress will be disclosed in accordance with regulatory requirements.

▲ map source Ian official website, the following is the same as CTOnews.com query GAC GROUP's previously published semi-annual report found that the group's total operating income in the first half of the year was about 233.532 billion yuan, the combined income was about 61.911 billion yuan, and the net profit returned to its mother was about 2.966 billion yuan.

Sales data show that GAC GROUP produced and sold 119.69 and 1.163 million vehicles respectively in the first half of the year, up 3.93% and 1.14% over the same period last year. Among them, GAC Ean produced 216700 vehicles in the first half of the year, with sales of 209300 vehicles, up 117.39% and 108.81% respectively over the same period last year. Sales for four consecutive months ranked above 40,000 units. The brand has made a profit for two consecutive months in June and July this year.

At this performance meeting, Feng Xingya, general manager of GAC GROUP, also revealed the export of the whole vehicle. He said that the company's own brands exported a total of about 20,000 vehicles in the first half of the year, an increase of about 29 percent over the same period last year. The company plans to export 50,000 traditional energy vehicles and 5000 new energy vehicles for the whole year, striving to challenge the higher target and strive to achieve the overseas sales target of 500000 vehicles by 2030.