Financials SAIC Motor Corporation Limited

Equities

End-of-day quote Shanghai S.E. Other stock markets 2025-05-23			5-day change	1st Jan Change
16.87 ^CNY	-1.58%		-0.12%	-18.74%

May. 12	FAW-VW and SAIC-VW sell combined 193,423 cars in China in April	RE
May. 12	More Companies Looking to Go Public in Hong Kong to Cash in on Optimism Rebound	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	723,043	759,915	720,988	726,199	614,074	649,766	672,345	697,135
Change	-	5.1%	-5.12%	0.72%	-15.44%	5.81%	3.47%	3.69%
EBITDA ¹	49,951	57,493	42,046	44,211	29,309	32,989	34,825	37,663
Change	-	15.1%	-26.87%	5.15%	-33.71%	12.56%	5.56%	8.15%
EBIT ¹	35,607	41,447	26,022	25,937	10,376	17,095	20,585	23,175
Change	-	16.4%	-37.22%	-0.33%	-59.99%	64.75%	20.41%	12.58%
Interest Paid ¹	-516.9	-564.2	-2,706	-156.7	-3,054	-1,070	-627.6	-289
Earnings before Tax (EBT) ¹	35,892	41,558	28,071	25,973	10,511	17,667	20,983	23,683
Change	-	15.79%	-32.45%	-7.47%	-59.53%	68.08%	18.77%	12.87%
Net income ¹	20,431	24,533	16,118	14,106	1,666	10,083	12,265	13,872
Change	-	20.08%	-34.3%	-12.48%	-88.19%	505.06%	21.65%	13.1%
Announcement Date	3/25/21	4/29/22	4/28/23	3/29/24	4/29/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q2	2022 Q3	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	173,270	210,127	238,396	184,410	172,203	181,759	221,542	128,242	205,218	210,751	175,752	191,560	218,229	138,984	138,102	142,561	194,428	137,680	148,903	149,857	173,232
Change	-	21.27%	13.45%	-22.65%	-6.62%	5.55%	21.89%	-42.11%	60.02%	2.7%	-16.61%	8.99%	13.92%	-36.31%	-0.63%	3.23%	36.38%	-29.19%	8.15%	0.64%	15.6%
EBITDA	5,846	6,617	-	8,558	8,290	8,801	-	4,464	9,439	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	13.19%	-	-	-3.13%	6.16%	-	-	111.45%	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	11,610	12,062	11,711	11,206	6,468	3,127	8,435	-	8,009	8,179	4,171	3,166	5,474	2,172	-436	4,860	-	-	-
Change	-	-	-	3.89%	-2.91%	-4.31%	-42.28%	-51.66%	169.78%	-	-	2.13%	-49.01%	-24.08%	72.88%	-60.32%	-120.07%	1,214.55%	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	10,209	11,622	11,575	12,241	11,710	11,323	6,283	3,170	8,666	7,225	8,006	8,203	3,986	3,391	5,390	2,215	-484.6	-	2,781	4,422	6,895
Change	-	13.83%	-0.41%	5.76%	-4.34%	-3.3%	-44.51%	-49.55%	173.38%	-16.62%	10.8%	2.46%	-51.41%	-14.94%	58.98%	-58.92%	-121.88%	-	-	59%	55.91%
Net income ¹	7,273	8,254	3,783	6,847	6,467	7,036	4,183	1,394	5,740	3,468	4,302	4,322	2,699	2,714	3,914	279.7	-5,241	-	528.2	2,346	6,025
Change	-	13.48%	-54.16%	80.97%	-5.54%	8.8%	-40.54%	-66.68%	311.73%	-39.57%	24.04%	0.46%	-37.56%	0.55%	44.22%	-92.85%	-1,973.88%	-	-	344.25%	156.76%
Announcement Date	8/27/20	10/30/20	3/25/21	4/29/21	8/26/21	10/29/21	4/29/22	8/25/22	10/28/22	4/28/23	8/30/23	10/26/23	3/29/24	4/29/24	8/29/24	10/30/24	4/29/25	4/29/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 S2	2021 S2	2022 S1
Net sales	448,522	403,301	-
Change	-	-10.08%	-
EBITDA	-	-	-
Change	-	-	-
EBIT	23,189	17,674	-
Change	-	-23.78%	-
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	23,196	17,606	-
Change	-	-24.1%	-
Net income ¹	12,037	-	6,910
Change	-	-	-
Announcement Date	3/25/21	4/29/22	8/25/22

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-48,409	-38,671	-27,598	-8,471	-64,222	-93,970	-86,494	-81,610
Change	-	20.12%	28.63%	69.31%	-658.14%	-46.32%	7.96%	5.65%
Announcement Date	3/25/21	4/29/22	4/28/23	3/29/24	4/29/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	14,214	16,654	20,516	19,031	19,804	21,916	22,895	25,093
Change	-	17.16%	23.19%	-7.24%	4.06%	10.66%	4.47%	9.6%
Free Cash Flow (FCF) ¹	23,304	4,962	-11,011	23,303	49,463	14,394	2,896	3,624
Change	-	-78.71%	-321.91%	311.63%	112.26%	-70.9%	-79.88%	25.14%
Announcement Date	3/25/21	4/29/22	4/28/23	3/29/24	4/29/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.91%	7.57%	5.83%	6.09%	4.77%	5.08%	5.18%	5.4%
EBIT Margin (%)	4.92%	5.45%	3.61%	3.57%	1.69%	2.63%	3.06%	3.32%
EBT Margin (%)	4.96%	5.47%	3.89%	3.58%	1.71%	2.72%	3.12%	3.4%
Net margin (%)	2.83%	3.23%	2.24%	1.94%	0.27%	1.55%	1.82%	1.99%
FCF margin (%)	3.22%	0.65%	-1.53%	3.21%	8.05%	2.22%	0.43%	0.52%
FCF / Net Income (%)	114.06%	20.23%	-68.32%	165.2%	2,968.32%	142.77%	23.61%	26.12%
Profitability
ROA	2.31%	2.67%	-	3.17%	-	1.22%	1.4%	1.37%
ROE	8.02%	9.19%	5.84%	4.98%	0.58%	3.55%	4.45%	4.48%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.97%	2.19%	2.85%	2.62%	3.23%	3.37%	3.41%	3.6%
CAPEX / EBITDA (%)	28.46%	28.97%	48.79%	43.05%	67.57%	66.43%	65.74%	66.62%
CAPEX / FCF (%)	60.99%	335.61%	-186.32%	81.67%	40.04%	152.25%	790.57%	692.4%
Items per share
Cash flow per share ¹	3.211	1.85	0.8135	3.623	5.984	3.782	0.6974	3.29
Change	-	-42.39%	-56.03%	345.41%	65.15%	-36.79%	-81.56%	371.75%
Dividend per Share ¹	0.62	0.682	0.337	0.369	0.088	0.3843	0.4166	0.4772
Change	-	10%	-50.59%	9.5%	-76.15%	336.72%	8.41%	14.54%
Book Value Per Share ¹	22.26	23.43	23.9	24.51	24.87	26.33	26.99	28.48
Change	-	5.26%	1.99%	2.54%	1.47%	5.89%	2.49%	5.53%
EPS ¹	1.752	2.12	1.4	1.226	0.145	0.8936	1.08	1.229
Change	-	21%	-33.96%	-12.43%	-88.17%	516.3%	20.83%	13.86%
Nbr of stocks (in thousands)	11,613,360	11,553,742	11,495,278	11,476,402	11,424,889	11,424,889	11,424,889	11,424,889
Announcement Date	3/25/21	4/29/22	4/28/23	3/29/24	4/29/25	-	-	-