SAIC Motor released its third quarter report for 2022. Whether it is vehicle sales or revenue and profit, it is very impressive.
SAIC
Data shows that in the third quarter of this year, SAIC achieved vehicle sales of 1.536 million units, a year-on-year increase of 16.2% and a month-on-month increase of 51.5%; in the third quarter, the total operating income was 211.42 billion yuan, and the net profit attributable to shareholders of the listed company was 57.4%. The net profit attributable to shareholders of listed companies in the first three quarters totaled 12.65 billion yuan. The company’s main indicators such as sales, revenue, and profits have returned to pre-epidemic levels, continuing to lead the industry. It is reported that SAIC Motor’s vehicle sales have achieved a “five consecutive monthly increase” since May. The official said that in the fourth quarter, as the domestic auto market entered the traditional peak season for sales, and the purchase tax preferential policies brought about the opportunity to promote consumption, the company will further consolidate the good momentum of production and sales replenishment and performance recovery, and make every effort to sprint the production and sales of complete vehicles throughout the year. growth target.
MG MULAN
In addition, SAIC’s own brands, new energy vehicles, and overseas operations also made strong efforts in the third quarter. Specifically, in the third quarter, SAIC’s own brand sales exceeded 794,000 units, a year-on-year increase of 17.5%, accounting for more than 50% of the company’s total sales; sales of new energy vehicles reached 306,000 units, a year-on-year increase of 66.7%. New mid-to-high-end smart electric vehicles such as L7, Feifan R7, and Cadillac LYRIQ have started delivery; in overseas markets, SAIC’s sales volume reached 307,000 units, a year-on-year increase of 67.2%. At the same time, it also launched the “global pure electric super crossover vehicle” MG MULAN.
