通用汽車第一季獲利創歷史新高，超乎預期

2024年第一季，通用汽車公司超出產業預期，營收成長7.6%，達430億美元，淨利成長24.4%，達30億美元。此外，通用汽車還展現了營運效率，這體現在淨利潤率提高了 15%，以及汽車營運和自由現金流大幅成長。

General Motors Posts Strong Q1 Performance, Exceeding Analyst Expectations

通用汽車第一季業績強勁，超乎分析師預期

Detroit, Michigan - April 20th, 2024 - General Motors Co. (NYSE: GM) has announced robust financial and operational results for the first quarter of 2024, demonstrating its unwavering resilience and strategic execution in the face of ongoing market challenges.

密西根州底特律- 2024 年4 月20 日- 通用汽車公司（NYSE：GM）宣布了2024 年第一季度強勁的財務和營運業績，展示了其面對持續的市場挑戰堅定不移的彈性和戰略執行力。

Exceptional Financial Performance

卓越的財務業績

GM reported a revenue of $43.0 billion, a significant 7.6% increase compared to the same period last year. This strong revenue growth was complemented by a substantial 24.4% surge in its net income attributable to stockholders, reaching $3.0 billion. The company's EBIT-adjusted amounted to $3.9 billion, highlighting its operational efficiency and judicious investment strategy.

通用汽車公佈的營收為 430 億美元，較去年同期大幅成長 7.6%。在營收強勁成長的同時，股東淨利大幅成長 24.4%，達到 30 億美元。該公司調整後的息稅前利潤達 39 億美元，凸顯了其營運效率和明智的投資策略。

Strong Profitability and Cash Flow

強勁的獲利能力和現金流

GM's financial performance was further underscored by a notable 15.0% improvement in its net income margin, which climbed from 6.0% to 6.9%. This improvement underscores the company's ability to enhance profitability in a highly competitive industry. Additionally, the automotive giant witnessed a remarkable 61.2% increase in its automotive operating cash flow, reaching $3.6 billion, alongside a substantial transformation in its adjusted automotive free cash flow, which shifted from a negative $132 million to a positive $1.09 billion.

通用汽車的淨利潤率顯著提高了 15.0%，從 6.0% 攀升至 6.9%，進一步凸顯了通用汽車的財務表現。這項改善凸顯了該公司在競爭激烈的行業中提高獲利能力的能力。此外，這家汽車巨頭的汽車營運現金流顯著成長了 61.2%，達到 36 億美元，同時調整後的汽車自由現金流也發生了重大轉變，從負 1.32 億美元變為正 10.9 億美元。

Surpassing Analyst Expectations

超乎分析師預期

GM's strong financial performance not only met but also significantly exceeded analysts' projections. Analysts had forecasted an EPS of $2.12 and revenue of $40.67 billion for the quarter. However, GM's actual performance, with a diluted EPS of $2.56 (adjusted $2.62) and revenue of $43.0 billion, surpassed market expectations by a wide margin. This outperformance is a testament to the company's strategic focus on electric vehicles (EVs) and its commitment to innovation, which have been pivotal in driving its financial success.

通用汽車強勁的財務表現不僅達到而且大大超越了分析師的預測。分析師先前預測該季度每股收益為 2.12 美元，營收為 406.7 億美元。然而，通用汽車的實際業績，稀釋後每股收益為2.56美元（調整後為2.62美元），營收為430億美元，大幅超出市場預期。這一優異表現證明了該公司對電動車 (EV) 的戰略重點及其對創新的承諾，這對於推動其財務成功至關重要。

Updated Guidance Reflects Optimistic Outlook

更新後的指導反映了樂觀的前景

GM's updated 2024 guidance reflects the company's optimistic outlook and confidence in its future performance. The company has raised its full-year guidance for net income attributable to stockholders to between $10.1 billion and $11.5 billion, up from the previous range of $9.8 billion to $11.2 billion. Similarly, the EBIT-adjusted forecast has been increased to $12.5 billion to $14.5 billion, signaling GM's expectation of continued operational efficiency and profitability. These adjustments are indicative of GM's strong financial health and its strategic positioning to capitalize on emerging opportunities, particularly in the EV market.

通用汽車更新的2024年指引反映了該公司對其未來業績的樂觀前景和信心。該公司已將全年股東淨利潤指引從先前的 98 億美元至 112 億美元上調至 101 億美元至 115 億美元。同樣，息稅前調整後的預測也上調至 125 億至 145 億美元，顯示通用汽車對持續營運效率和獲利能力的預期。這些調整顯示通用汽車強勁的財務狀況及其利用新興機會（尤其是電動車市場）的策略定位。

Commitment to Battery Cell Manufacturing

對電池製造的承諾

GM's commitment to leading the transition towards an all-electric future is further highlighted by its substantial investment in battery cell manufacturing joint ventures, with anticipated capital spending of $10.5 billion to $11.5 billion. This investment is crucial for the company to maintain its competitive edge and innovate within the rapidly evolving automotive industry.

通用汽車對電池製造合資企業的大量投資進一步凸顯了其引領向全電動未來過渡的承諾，預計資本支出為 105 億至 115 億美元。這項投資對於公司在快速發展的汽車產業中保持競爭優勢和創新至關重要。

Conclusion

結論

General Motors Co. has demonstrated exceptional financial performance and operational execution in the first quarter of 2024. Its strong revenue growth, increased profitability, and improved cash flow position are a testament to the company's strategic focus and its commitment to delivering exceptional value to its shareholders. The company's updated guidance and investment in battery cell manufacturing further solidify its position as a leader in the transition towards an all-electric future.

通用汽車公司在2024 年第一季度展示了卓越的財務業績和營運執行力。承諾。該公司對電池製造的最新指導和投資進一步鞏固了其作為向全電動未來過渡的領導者的地位。