Shulou(Shulou.com)11/24 Report--

On October 28, SAIC released its results for the third quarter of 2022. The total revenue in the third quarter was 211.42 billion yuan, up 13.29% from the same period last year; the net profit belonging to shareholders of listed companies was 5.74 billion yuan, down 18.43% from the same period last year.

It is reported that SAIC sold 1.536 million vehicles in the third quarter of this year, an increase of 16.2% over the same period last year. Among them, the sales of independent brands exceeded 794000, an increase of 17.5% over the same period last year, accounting for more than 50% of the total sales; sales of new energy vehicles were 306000, up 66.7% from the same period last year, accounting for 19.9% of the total sales; and 307000 in overseas markets, up 67.2% from the same period last year.

The report said that since the beginning of this year, due to the superposition of multiple unfavorable factors, such as the epidemic, tight supply resources such as chips, and the sharp rise in the price of raw materials such as power batteries, the company's profit level has been greatly under pressure. Although the company's vehicle sales and operating income increased significantly in the third quarter compared with the same period last year and month-on-month, the improvement of production and marketing structure and the recovery of product gross profit margin still lagged, resulting in the year-on-year to the end of the reporting period, the company's net profit belonging to shareholders of listed companies, net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses, and basic earnings per share decreased compared with the same period last year.

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