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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  SAIC Motor Corporation Limited    600104   CNE000000TY6

SAIC MOTOR CORPORATION LIMITED

(600104)
  Report
End-of-day quote. End-of-day quote Shanghai Stock Exchange - 10/26
21.16 CNY   -0.42%
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SAIC Motor : Second-Quarter Net Profit Rose 32%

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08/27/2020 | 05:17am EDT

By Martin Mou

SAIC Motor Corp.'s second-quarter net profit rose sharply from a year earlier as auto sales in China recovered from the Covid-19 pandemic.

Net profit increased 32% to 7.27 billion yuan ($1.06 billion), while revenue inched up 1.0% to CNY177.79 billion, the Chinese car maker said.

For the first half, SAIC's net profit slumped 39% to CNY8.39 billion, while revenue slid 25% to CNY274.52 billion.

The pandemic, which began in January, decimated Chinese car makers' sales in the first quarter, when the health crisis was at its peak in China.

SAIC said first-half car sales declined 30% to 2.05 million units.

 

Write to Martin Mou at martin.mou@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
SAIC MOTOR CORPORATION LIMITED -0.42% 21.16 End-of-day quote.-11.28%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.49% 6.6968 Delayed Quote.-4.24%
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Financials
Sales 2020 755 B 113 B 113 B
Net income 2020 22 518 M 3 355 M 3 355 M
Net cash 2020 61 188 M 9 116 M 9 116 M
P/E ratio 2020 11,0x
Yield 2020 4,10%
Capitalization 247 B 36 833 M 36 832 M
EV / Sales 2020 0,25x
EV / Sales 2021 0,22x
Nbr of Employees 216 360
Free-Float 22,3%
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Technical analysis trends SAIC MOTOR CORPORATION LIMITED
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TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 23,14 CNY
Last Close Price 21,16 CNY
Spread / Highest target 43,2%
Spread / Average Target 9,37%
Spread / Lowest Target -27,4%
EPS Revisions
Managers
NameTitle
Xiaoqiu Wang President & Director
Hong Chen Chairman
Bai Ping Bian Chairman-Supervisory Board
Yong Wei Chief Financial Officer & Board Secretary
Bao Xin Jiang Member-Supervisory Board
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1st jan.Capitalization (M$)
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