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saic motor released its first half financial report: sales volume of 2.115 million vehicles, net profit of 6.63 billion yuan

2024-08-29

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according to fast technology on august 29, saic group recently released its 2024 semi-annual performance report.

the report shows that in the first half of the year,saic group's revenue was 284.69 billion yuan and its net profit attributable to shareholders was 6.63 billion yuan.

in terms of sales, in the first half of the year, the company achieved wholesale sales of 1.827 million vehicles and terminal deliveries of 2.115 million vehicles.

among them, saic's new energy vehicle terminal deliveries reached 524,000 units, a year-on-year increase of 29.9%, ranking second among chinese automakers; terminal deliveries in overseas markets reached 548,000 units, a year-on-year increase of 12.7%.

in terms of joint venture brands, saic volkswagen's sales in the first half of the year were 512,000 vehicles, a slight increase of 1.75%; saic-gm-wuling's sales reached 570,000 vehicles, a year-on-year increase of 9.6%.

saic stated that in response to the eu anti-subsidy investigation, saic has adopted various methods, including submitting questionnaires, written defense, and presenting opinions at special hearings.providing thousands of documents and written evidence, and actively conducting legal defense.

at the same time, the main product mg3 hev, whose technical indicators are far ahead of those of japanese competitors, has been launched in europe and is expected to make a breakthrough in the a-class car market segment.

in addition, saic group's financial report for the first half of 2023 showed that saic group's consolidated total operating revenue in the first half of 2023 was 326.55 billion yuan, a year-on-year decrease of 12.8% in the first half of this year; the net profit attributable to shareholders of listed companies was 7.09 billion yuan, a year-on-year decrease of 6.5% in the first half of this year.