通用汽车第一季度盈利创历史新高，超出预期

2024年第一季度，通用汽车公司超出行业预期，营收增长7.6%，达到430亿美元，净利润增长24.4%，达到30亿美元。此外，通用汽车还展示了运营效率，这体现在净利润率提高了 15%，以及汽车运营和自由现金流大幅增长。

General Motors Posts Strong Q1 Performance, Exceeding Analyst Expectations

通用汽车第一季度业绩强劲，超出分析师预期

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.

密歇根州底特律 - 2024 年 4 月 20 日 - 通用汽车公司（纽约证券交易所股票代码：GM）宣布了 2024 年第一季度强劲的财务和运营业绩，展示了其面对持续的市场挑战坚定不移的弹性和战略执行力。

Exceptional Financial Performance

卓越的财务业绩

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.

通用汽车公布的营收为 430 亿美元，较去年同期大幅增长 7.6%。收入强劲增长的同时，股东净利润大幅增长 24.4%，达到 30 亿美元。该公司调整后的息税前利润达 39 亿美元，凸显了其运营效率和明智的投资策略。

Strong Profitability and Cash Flow

强劲的盈利能力和现金流

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.

通用汽车的净利润率显着提高了 15.0%，从 6.0% 攀升至 6.9%，进一步凸显了通用汽车的财务业绩。这一改善凸显了该公司在竞争激烈的行业中提高盈利能力的能力。此外，这家汽车巨头的汽车运营现金流显着增长了 61.2%，达到 36 亿美元，同时调整后的汽车自由现金流也发生了重大转变，从负 1.32 亿美元变为正 10.9 亿美元。

Surpassing Analyst Expectations

超出分析师预期

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.

通用汽车强劲的财务业绩不仅达到而且大大超出了分析师的预测。分析师此前预测该季度每股收益为 2.12 美元，营收为 406.7 亿美元。然而，通用汽车的实际业绩，稀释后每股收益为2.56美元（调整后为2.62美元），营收为430亿美元，大幅超出市场预期。这一优异表现证明了该公司对电动汽车 (EV) 的战略重点及其对创新的承诺，这对于推动其财务成功至关重要。

Updated Guidance Reflects Optimistic Outlook

更新后的指导反映了乐观的前景

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.

通用汽车更新的2024年指引反映了该公司对其未来业绩的乐观前景和信心。该公司已将全年股东净利润指引从之前的 98 亿美元至 112 亿美元上调至 101 亿美元至 115 亿美元。同样，息税前调整后的预测也上调至 125 亿至 145 亿美元，表明通用汽车对持续运营效率和盈利能力的预期。这些调整表明通用汽车强劲的财务状况及其利用新兴机遇（尤其是电动汽车市场）的战略定位。

Commitment to Battery Cell Manufacturing

对电池制造的承诺

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.

通用汽车对电池制造合资企业的大量投资进一步凸显了其引领向全电动未来过渡的承诺，预计资本支出为 105 亿至 115 亿美元。这项投资对于公司在快速发展的汽车行业保持竞争优势和创新至关重要。

Conclusion

结论

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.

通用汽车公司在 2024 年第一季度展示了卓越的财务业绩和运营执行力。其强劲的收入增长、盈利能力的提高和现金流状况的改善证明了公司的战略重点及其为股东提供卓越价值的承诺。该公司对电池制造的最新指导和投资进一步巩固了其作为向全电动未来过渡的领导者的地位。