The 2018 annual report released by GAC Group (601238.sh, 02238. hk) on March 29, 2018 suggested that the total revenue of GAC Group together with its joint ventures and affiliated companies was RMB 363.685 billion, with a year-on-year growth of 7.04%; the consolidated revenue reached RMB 72.38 billion, up by 1.13% year-on-year; and the net profit attributable to parent shareholders totaled RMB 10.903 billion, up by1.08% year-on-year. The earnings per share reached RMB 1.07, and a final dividend of RMB 2.8 per 10 shares (taxes included) will be paid to all shareholders.

　　In 2018, despite the first negative growth of the Chinese auto market in the past 28 years, GAC Group managed to buck the trend and achieved the production and sales of 2,194,000 and 2,147,900 units respectively, with a year-on-year growth of 8.77% and 7.34%.The sales growth rate was about 10 percent above the industry average level, and the company’s market share amounted to about 7.65%. The sales of its self-own brands exceeded 500,000 for second straight year, with a year-on-year growth of 5.23%. Among them, over 20,000 GAC NE vehicles were sold marking an unprecedented progress. The sales of Japanese joint venture car brands continued to maintain a good momentum. Specifically, the sales of GAC Honda enjoyed a steady growth, and GAC Toyota and GMMC witnessed a high-speed increase in sales, up by31.11% and 22.69%, respectively. 

　　Considering profitability and future development needs, GAC Group intends to pay a final dividend of RMB 2.8 /10 shares (taxes included) to all its shareholders. Plus with the interim dividend of RMB 1 /10 shares (taxes included) that has been paid, the yearly dividends paid to all the shareholders totaled RMB 3.887 billion, with a year-on-year increase of 2.64%. GAC Group has been committed to a long-term and stable dividend policy, paying dividends twice each year. Since its IPO, it has cumulatively paid more than RMB 12 billion cash dividends to share the development achievements with the investors.