As we all know, SAIC motor has strong strength in the automotive industry. It not only has a strong joint venture, but also has created a number of independent brands. Recently, SAIC Motor released its financial reports for the first quarter of this year and 2021. So, how does it perform? Let's take a look at it today.
Affected by the epidemic, revenue and net profit in the first quarter fell year-on-year
First of all, looking at the results of the first quarter, public data show that SAIC Achieved operating income of 182.471 billion yuan in the first quarter, down 3.5% year-on-year, and its performance was not as good as last year. In terms of key net profit, the report said that the net profit attributable to shareholders of listed companies was 5.516 billion, down 19.44% year-on-year.
Whether it is operating income or net profit, SAIC Motor's performance in the first quarter of this year is not optimistic. So, what are the reasons for this? SAIC gave the answer, affected by the epidemic, sales revenue in the first quarter of this year has decreased.
So, how did SAIC's sales performance in the first quarter? Official data shows that SAIC motor achieved vehicle sales of 1.22 million units in the first quarter of this year, an increase of 6.8% year-on-year. Judging from the sales volume of the automobile sector, it is an increase compared with last year. However, sales revenue has declined, indicating that SAIC's average bicycle price has declined in the first quarter of this year. The reason is related to the lack of production capacity of SAIC's high-end models, as we all know, the more high-end models, the more chips will be used, and saic motor group is currently being constrained by chip shortage factors.
However, it is worth affirming that in the first quarter of this year, SAIC Volkswagen, a subsidiary of SAIC Motor, achieved a strong rebound in sales, with a total of 331,200 units sold. The performance of SAIC passenger cars in the autonomous sector can also be remarkable.
For the full year of 2021, both operating income and net profit increased
In addition to the data of the first quarter of this year, SAIC Motor also announced its financial report for 2021. The report shows that in 2021, SAIC Motor achieved total revenue of 779.85 billion yuan, an increase of 5.1% year-on-year. Net profit was 24.53 billion yuan, an increase of 20.1% year-on-year.
It can be seen that SAIC Motor was undoubtedly successful last year. In terms of key operating income and net profit, year-on-year growth was achieved. Especially in terms of net profit, the performance is quite eye-catching. In terms of overall scale, it has to be said that SAIC is still the leader of major vehicle companies.
In terms of sales, SAIC Motor's total retail sales in terminals reached 5.811 million units in 2021. Among them, in terms of independent brands, the performance is more eye-catching, and the sales volume of the whole vehicle reached 2.857 million units. In terms of joint venture brands, the sales performance in 2021 has some regression.
SAIC motor aims to sell more than 6 million vehicles this year, an increase of more than 10% year-on-year
It is worth noting that SAIC Motor also announced its performance target for this year, specifically selling more than 6 million vehicles, an increase of more than 10% year-on-year. In the more difficult environment of the overall auto market, this goal is quite challenging.
It is worth noting that SAIC motor revealed that in the independent brand and new energy sector, it is necessary to achieve faster growth.
In order to achieve this goal, it can be seen that sachinchinel's major brands have launched a new car offensive in the first quarter of this year. First of all, SAIC Volkswagen has listed a new compact sedan - Lingdu L; Roewe brand, it has launched a number of new models; high-end new energy brand - Zhiji, also listed the flagship sedan L7; Chase brand, which also recently listed the MAXUS G90.
Public opinion: Judging from the financial report data released by SAIC Motor This Time, it can be said that there are both joys and worries. The good news is that in 2021, both operating income and profit are remarkable. But in the first quarter of this year, the performance was somewhat worrying. Especially at present, affected by the epidemic, SAIC Motor has many difficulties in resuming production and work. For its major brands, it has seriously affected the sales of new cars and the development of marketing work. Of course, with the control of the epidemic, there has been good news, and at present, its automakers have steadily realized the batch roll-off of the whole vehicle. What do you think of SAIC's 2021 and first quarter results? Welcome to leave a comment.