Recently, SAIC Motor released its 2021 annual report and 2022 first quarter report. According to the data, SAIC Motor's total revenue last year reached 779.85 billion yuan, an increase of 5.1% year-on-year, and the net profit attributable to the shareholders of listed companies was 24.53 billion yuan, an increase of 20.1% year-on-year; in the first quarter of this year, the total operating income was 182.47 billion yuan, and the net profit attributable to the shareholders of listed companies was 5.52 billion yuan, which can be described as double happiness. So, how does it perform? Let's take a look.
Independent brands and new energy sectors continue to exert their strength
In 2021, SAIC Motor achieved wholesale sales of 5.464 million vehicles and terminal retail sales of 5.811 million units, an increase of 5.6% year-on-year, and in the first quarter of 2022, it achieved vehicle sales of 1.22 million units, an increase of 6.8% year-on-year. In the context of chip supply shortages, repeated epidemics, power curtailment and rising raw material prices, it is not easy for SAIC to achieve sales growth.
Among them, independent brands sold 2.857 million units last year, an increase of 10% year-on-year, accounting for 52.3% of total sales; sales of new energy vehicles were 733,000 units, an increase of 128.9%; overseas sales reached 697,000 units, an increase of 78.9% year-on-year. It is not difficult to find that independent brands and new energy sectors are the main sales force of SAIC Group, especially new energy vehicles, sales have doubled, according to this development rate, SAIC Group still has a lot of highlights in the future new energy field, which is worth looking forward to.
Intelligence and new energy go hand in hand
In fact, the outbreak of SAIC's autonomous sector and new energy sector is expected, and it can be seen from the strategic layout of SAIC Last Year.
Last year, SAIC Motor focused on the layout of intelligence and new energy. It has successively released the "cloud-tube-end" full-stack solution such as the new generation of three-electric system, intelligent vehicle electronic architecture and service-oriented SOA software platform, and realized application landing. In the field of intelligence, SAIC Motor also takes "5G+L4" as the core to create more intelligent cars, as exemplified by the products of Feifan Automobile, SAIC MG and SAIC Roewe.
In order to further promote intelligence, SAIC Motor has grasped the development trend of "data determines experience and software-defined automobile" and has made sufficient efforts in building five major centers of software, big data, artificial intelligence, cloud computing, networking and data security. In addition, Guangzhou SAIC Motor will adopt a strategic direct investment model, focusing on new energy, intelligent network connection, chips and other products for investment.
In terms of electrification, in 2021, SAIC Motor will accelerate the development of fast-charging, quick-replaceable and upgradable platform-based batteries, as well as projects such as a new generation of electric axles, 800V electric drives and battery pack systems; it will also promote the "vehicle-electricity separation" project through cooperation to accelerate the layout in the fields of power exchange, energy storage and lithium battery recycling.
At the same time, SAIC Motor has rapidly launched its product layout in the field of new energy, while promoting the off-line of Zhiji L7 and officially listing on April 17 this year; on the other hand, it has independently promoted the development of the R7 project of the first pure electric B-class SUV product, and its brands have continuously promoted low-carbon travel.
Not only that, focusing on the national strategy of "carbon peaking and carbon neutrality", SAIC Motor has released a new vision of leading green technology and dreaming wonderful travel, as well as the values of user-oriented, partner-oriented, and innovative and far-reaching, transforming into a user-oriented high-tech company with technological upgrading, business globalization, brand premiumization and ultimate experience.
It can be seen that in order to better develop, SAIC Motor has made full preparations and has launched expectations for 2022, striving to sell more than 6 million vehicles, an increase of more than 10% year-on-year; the sales growth rate of independent brands has strived to reach more than 20%, accounting for more than 50% of the company's total sales; the sales of new energy vehicles have exceeded 1.1 million units, with a growth rate of more than 50%; overseas sales have exceeded 800,000 vehicles, and the growth rate has strived to exceed 20%.
Auto Network Review: Whether it can achieve the goal of annual sales of 6 million vehicles
Judging from the published financial report data, saicid's performance is undoubtedly outstanding. In the fiercely competitive automobile market, independent brands, new energy brands and overseas markets have still achieved a steady increase in sales. At the same time, the high-end intelligent electric brand of Zhiji + Feifan will open up the new energy vehicle market, and the two joint venture brands of Volkswagen and GM are also expected to stabilize.
Finally, what do you think about SAIC's performance in 2021 and the first quarter of this year? With the help of products and technologies, can we achieve the goal of 6 million vehicles per year?