2021 performance of 21 Chinese auto companies such as SAIC, Great Wall, BYD, Changan, Geely and Nio

SAIC Motor released its annual report. In 2021, the company achieved a total operating income of 779.85 billion yuan, an increase of 5.1% year-on-year; the net profit attributable to the shareholders of the listed company was 24.53 billion yuan, an increase of 20.1% year-on-year. In 2021, SAIC motor achieved wholesale sales of 5.464 million vehicles and terminal retail sales of 5.811 million units, an increase of 5.5% year-on-year. In the whole year, SAIC's own brand vehicle sales reached 2.857 million units, an increase of 10% year-on-year, accounting for 52.3% of the company's total sales; sales of new energy vehicles reached 733,000 units, an increase of 128.9%; overseas sales reached 697,000 units, an increase of 78.9% year-on-year.

Gaga Automobile Group, a large car company, announced its annual report that its net profit in 2021 was about 7.335 billion yuan, an increase of 23% year-on-year, benefiting from the rapid growth of new energy vehicle production and sales. GAC Group announced that its revenue in 2021 was 75.11 billion yuan, an increase of 19.76% year-on-year. The production and sales of new energy vehicles continued to maintain a high-speed growth trend, with annual production and sales of 144,700 units and 142,900 units, respectively, an increase of 88.68% and 77.35% year-on-year, respectively. The Group's automobile production and sales were 2,138,100 units and 2,144,400 units, respectively, up 5.08% and 4.92% year-on-year. Gac Motor Group's consolidated operating income in 2021 was about 429.8 billion yuan, an increase of about 8.66% year-on-year.

BEIJING AUTOIC Co., Ltd. released its 2021 annual performance report. Achieved revenue of 175.916 billion yuan, down 0.6% year-on-year. The net profit attributable to the company's equity holders was 3.858 billion yuan, an increase of 90.17% year-on-year. In 2021, beijing Benz's revenue was 167.966 billion yuan, down 1.0% year-on-year, accounting for 95.48% of Beijing Motor's total revenue. Beijing Benz sold 561,000 units in 2021, down 8.2% year-on-year; Beijing brands' annual revenue was 8.174 billion yuan, accounting for less than 5% of Beijing Motor. In 2021, the wholesale sales of Beijing brands were 72,000 units, down 12.2% year-on-year.

Great Wall Motor announced its annual report that in 2021, revenue increased by more than 30% year-on-year, and net profit increased by 25% year-on-year, and said that sales increased and model structure improved during the year, which promoted performance. Great Wall Motor's net profit in 2021 was 6.726 billion yuan, an increase of 25.43% year-on-year, and revenue increased by 32.04% year-on-year to 136.4 billion yuan. In 2021, the company achieved cumulative sales of 1.281 million units, an increase of 14.79% year-on-year, of which overseas sales reached 139,900 units, an increase of 102.98% year-on-year. Sales of cars (mainly new energy vehicles) increased by more than 1.4 times year-on-year.

Dongfeng Motor Group Co., Ltd. released its 2021 financial report. In 2021, Dongfeng Group's revenue reached 113.008 billion yuan, an increase of about 4.2% over 108.441 billion yuan in the same period of 2020, of which automobile sales revenue reached 103.798 billion yuan. Dongfeng Motor Group's net profit attributable to the parent group in 2021 was RMB11.387 billion, an increase of 5.8% year-on-year. Dongfeng Group sold approximately 2,775,100 units. Overall sales in the passenger car segment were approximately 2,252,500 units, down 2.6% year-on-year. The cumulative sales of its joint venture brand car companies under the Dongfeng Group in 2021 were 1.8751 million units, a year-on-year decrease of about 8.8%, and the sales volume of the autonomous passenger car segment reached 377,000 units in 2021, an increase of 47.1% year-on-year.

BYD released its 2021 annual results report. In 2021, the operating income was 216.142 billion yuan, an increase of 38.02% year-on-year; the net profit attributable to the shareholders of the listed company was 3.045 billion yuan, down 28.08% year-on-year. Net profit attributable to shareholders of listed companies, net of non-recurring gains and losses, was RMB1.255 billion, down 57.53% year-on-year. By business, the revenue of the automobile, automotive-related products and other products business was about 112.489 billion yuan, an increase of 33.93% year-on-year; the revenue of the mobile phone parts, assembly and other products business was about 86.454 billion yuan, an increase of 43.99% year-on-year; and the revenue of the rechargeable battery and photovoltaic business was about 16.471 billion yuan, an increase of 36.27% year-on-year.

Changan Automobile disclosed the 2021 annual report, the company's operating income of 105.141 billion yuan, an increase of 24.33% year-on-year, and net profit of 3.552 billion yuan, an increase of 6.87%. Deducting non-net profit turned from loss to profit, reaching 1.653 billion yuan, an increase of 150.85% year-on-year. In 2021, Changan Automobile achieved sales of 2.301 million units, an increase of 14.8% year-on-year. Among them, Changan's Chinese brand vehicles sold 1.755 million units, an increase of 16.7% year-on-year. Among them, Changan Passenger Brand and Auchan Brand achieved sales of 966,000 units and 228,000 units, respectively, an increase of 20.0% and 49.0% year-on-year, respectively. Changan's sales of new energy vehicles exceeded 100,000 units for the first time, an increase of more than 200% year-on-year.

Geely Automobile announces 2021 results. The annual revenue was 101.61 billion yuan, an increase of 10.3% year-on-year, and the annual net profit was 4.85 billion yuan. Geely Automobile's profit attributable to shareholders after deducting share payments was RMB6.06 billion, an increase of 9.4% year-on-year; the total cash level reached RMB28 billion, and the free cash flow reached the highest level of RMB20.8 billion in history. In 2021, Geely Automotive's other revenues, such as technical services and licensing profits, continued to grow, up 245.3% year-on-year.

FAW Jiefang released its 2021 annual report. In the whole year, 439,700 vehicles were sold, of which 373,400 units were sold by medium and heavy-duty trucks, an increase of 1.5% year-on-year. In 2021, FAW Jiefang achieved operating income of 98.751 billion yuan, down 13.13% year-on-year; net profit attributable to the mother was 3.900 billion yuan, an increase of 45.97% year-on-year.

Sinotruk released its 2021 annual report, the company achieved operating income of 56.1 billion yuan, down 6.4% year-on-year; net profit attributable to shareholders of listed companies of 1.038 billion yuan, down 44.79% year-on-year; net profit after deducting non-recurring gains and losses of 970 million yuan, down 46.42% year-on-year. The total production of complete vehicles in the whole year was 152,164 units, down 15.52% year-on-year, and the sales of complete vehicles were 202,172 units, a decrease of 1.91% year-on-year.

Foton Motor disclosed its 2021 annual report, and the company achieved operating income of 54.974 billion yuan in 2021, down 4.83% year-on-year. The net loss attributable to the shareholders of the listed company was 5.061 billion yuan, which was turned from profit to loss year-on-year. Net loss attributable to shareholders of listed companies, net of non-recurring gains and losses, was RMB5.708 billion, a year-on-year widening of losses.

JAC Motors released its 2021 annual report. Achieved operating income of 40.311 billion yuan, down 6.05% year-on-year; net profit attributable to shareholders of listed companies of 200 million yuan, an increase of 40.24% year-on-year; net profit loss after deduction of non-profit of 1.884 billion yuan. Among them, the passenger car business achieved revenue of 8.723 billion yuan, an increase of 19.39% year-on-year. The commercial vehicle, bus and chassis businesses achieved revenue of 23.552 billion yuan, 1.605 billion yuan and 97.9526 million yuan respectively, down 12.68%, 47.85% and 67.34% respectively year-on-year.

NIO announced its financial results for the fourth quarter and full year of 2021. Revenue for the fourth quarter was $9.9 billion (approximately $1,554 million), compared to $6,641 million for the same period in 2020. Net loss attributable to NIO's common shareholders was RMB2.179 billion, up 46.0% year-on-year. 25,034 vehicles were delivered in the fourth quarter, up 44.3% year-over-year and 2.4% sequentially. Revenue in 2021 was 36.14 billion yuan, an increase of 122.3% year-on-year; net loss was 4.02 billion yuan, narrowing by 24.3% year-on-year. A total of 91,429 vehicles were delivered for the full year 2021, an increase of 109.1% year-on-year.

Jiangling Motors released its 2021 annual report, the company achieved operating income of 35.221 billion yuan, up 6.42% year-on-year; achieved net profit attributable to shareholders of listed companies of 574 million yuan, an increase of 4.26% year-on-year; achieved net profit after deducting non-recurring gains and losses of 29.63 million yuan, down 92.69% year-on-year. In 2021, Jiangling Motors achieved vehicle sales of 341,000 vehicles, including 101,500 light buses, 118,100 trucks, 67,900 pickup trucks, and 53,500 SUVs, with total sales up 2.99% year-on-year. Jiangling Trucks sold 118,000 units last year, down 8.36% year-on-year.

Ideal Auto announces fourth quarter and full year 2021 results. Revenue in the fourth quarter was 10.62 billion yuan, an increase of 156.1% year-on-year. Quarterly net profit was $295.5 million and net profit for the fourth quarter of 2020 was $107.5 million. Non-GAAP net income was $686.4 million, up 494.7% from $115.4 million in the fourth quarter of 2020. The company's total revenue in 2021 was 27.01 billion yuan (US$4.24 billion), an increase of 185.6% from 9.46 billion yuan in 2020. Net loss for 2021 was $321.5 million.

Yutong Bus released the 2021 annual report, the company achieved operating income of 23.233 billion yuan for the whole year, an increase of 7.04% year-on-year, and achieved a net profit attributable to the mother of 614 million yuan, an increase of 18.95% year-on-year. In 2021, the cumulative sales of buses reached 41,828 units, an increase of 0.17% year-on-year.

Xiaopeng Motors announced its financial results for the fourth quarter and full year of 2021. Total revenue for the fourth quarter was RMB8,556.0 million (approximately US$1,342.6 million), an increase of 200.1% from RMB2,851.4 million for the same period in 2020. Quarterly net loss was $1,287.2 million, compared to a net loss of $787.4 million for the same period last year. Non-GAAP adjusted net loss was $1,198.3 million, compared to a net loss of $712.6 million for the year-ago quarter. Total revenue in 2021 was RMB20,988.1 million (US$3,293.5 million), an increase of 259.1% compared to RMB5,844.3 million in 2020. Net loss was $4,863.1 million and net loss for 2020 was $3,732.0 million.

Xiaokang Co., Ltd. released its 2021 annual performance report. The annual operating income was 16.718 billion yuan, an increase of 16.89% year-on-year. This is Xiaokang's first annual report card since april last year announced its cooperation with Huawei. Xiaokang co., Ltd. sold 41,400 new energy vehicles in 2021, an increase of 104.39% year-on-year. The net loss attributable to shareholders in 2021 was 1.824 billion yuan, compared with a net loss of 1.729 billion yuan in the previous year.

According to the 2021 annual report of Jinlong Automobile, the company's main revenue was 15.418 billion yuan, up 10.46% year-on-year; the net loss attributable to the mother was 595 million yuan. Among them, in the fourth quarter, the company's single-quarter main revenue was 5.491 billion yuan, up 1.35% year-on-year; the net loss attributable to the mother in the single quarter was 297 million yuan.

Wuling Motors announced its 2021 results with revenue of RMB14,408.5 million, down 6.3% year-on-year. The loss attributable to the owners of the company was 24.148 million yuan, a decrease of 27.7% year-on-year. The decrease in revenue was primarily due to lower revenue from the Automotive Powertrain Segment and the Commercial Vehicle Segment.

Baiqi Blue Valley (BAIC BJEV) released its 2021 annual report, the company achieved operating income of 8.697 billion yuan, an increase of 64.95% year-on-year; net loss attributable to shareholders of listed companies was 5.244 billion yuan, a year-on-year decrease of 19%. Beiqi Blue Valley's Beijing brand new energy vehicles and Jihu brand new energy vehicles produced a total of 6,369 vehicles in 2021, down 51.84% year-on-year; total sales were 26,000 units, an increase of 0.82% year-on-year.

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