On March 31, 2020, GAC Group (601238. SH, 02238. HK, "GAC“ for short) released its 2019 business result announcement. In the report period, GAC together with joint ventures and associates thereof achieved total business revenue of about 355.090 billion yuan, down by around 2.36% year on year, consolidated total business revenue of about 59.704 billion yuan, down by around 17.51% year on year, net profits attributable to shareholders of the parent company of approximately 6.618 billion yuan, down by 39.30% year on year, as well as EPS of about 0.65 yuan. In consideration of profitability and future development demands, the board of directors suggested the distribution of final dividends as per 1.5 yuan per 10 shares (tax-inclusive) to all the shareholders. In addition to the distribution of interim dividends as per 0.5 yuan per 10 shares (tax-inclusive), GAC cumulatively distributed dividends of 2.048 billion yuan to all the shareholders in the whole year. Since its listing, GAC has cumulatively distributed dividends of 16.8 billion yuan in cash, with the annual dividend payout ratio exceeding 30% each year.

In 2019, the automobile industry was sluggish on the whole, under the influence of downward macro economy, fluctuating trade situation, changes in environmental protection standards, decreasing new energy subsidies and other factors. Under the grim situation of constantly downward automobile industry and a year-on-year decrease of 8.23% in sales volume, GAC Group recorded the automobile sales volume of 2,062,200 vehicles, down by 3.99% year on year, which percentage was 4.24% lower than the industrial level, in 2019. Its automobile sales volume ranked the 5th in China, market share rose by about 0.35% year on year, and business results were generally in line with market expectations, better than industrial average. In this view, GAC withstood the downward pressure of the market.