The profit structure of Guangzhou Automobile Group is mainly based on long-term equity investment income. Because its long-term equity investment is actually related to its main business, there is basically no big problem, but its operating profit before interest and tax is unstable and has been negative in recent years. The gross profit margin is not high, 20 17 drops rapidly, and the operating expense ratio drops steadily.
Guangzhou Automobile Group's investment activities are relatively active, and its cash self-sufficiency rate is very low. The net cash flow generated by operating activities in the last three or three years is negative, indicating that the company's free cash flow is very insufficient.
The return on shareholders' equity of Guangzhou Automobile Group is not high, and it drops rapidly after 20 17, which is at the downstream level.
Guangzhou Automobile Group's growth is not good, and its growth quality is not good.