This year's "Golden Nine Silver Ten", SAIC's sales are quite good

According to SAIC's latest production and sales report, in October, SAIC Achieved Vehicle Sales of 582,000 units, an increase of 12.9% month-on-month.

According to the September production and sales report released by SAIC Motor, it achieved vehicle sales of 516,000 units in the same month, outperforming the market year-on-year, an increase of 13.1% month-on-month. This year's "Golden Nine Silver Ten", SAIC handed over an excellent case file.

Since the second half of the year, SAIC Motor's monthly sales have always maintained a double-digit percentage growth. At the same time, in the first ten months of this year, SAIC motor sold 556,000 new energy vehicles, an increase of 187.6% year-on-year, and continued to lead the domestic industry.

A number of securities institutions maintained the "buy" rating of SAIC's shares. According to statistics, in the last 90 days, a total of 24 institutions have given ratings. Among them, there are 17 "buy" ratings and 7 "overweight" ratings.

CITIC Securities – Performance in line with expectations Institutional change accelerated

(The companies in the following article refer to SAIC Motor)

The company is currently in a critical period of strategic change and acceleration.

In the second half of the year, independent brands will open a new round of model launch, a new generation of "three electricity" technology and automatic driving products gradually unveiled, and the company's institutional mechanism reform will help the market to re-recognize the boldness and ability of SAIC Group's transformation.

The company's performance is in line with expectations, the worst time for the joint venture brand has passed, and the market is expected to reverse.

Shenwan Hongyuan - independent brand, strong performance in overseas markets r independent operation of automobiles is worth looking forward to

The company will continue to improve sequentially under the combined effect of the lack of cores and new models.

The first model of the sigma platform mg one opened reservations, Buick Weilang switched four-cylinder engine, Baojun kiwi and so on have explosive potential. Models such as the id.3 and SAIC Audi A7L of the meb platform are about to be launched, contributing to the increase.

Soochow Securities - q3 attributable net profit increased by 9% month-on-month Investment income rose significantly

Driven by "technological innovation + marketing reform + product optimization", it simultaneously promotes the rise of independent brands in the two major markets of "domestic + overseas".

We expect that as Zhiji and the new r-standard high-end intelligent electric vehicle brand open up the new energy vehicle market and continue to open up overseas markets, SAIC Volkswagen and SAIC-GM are expected to bottom out and stabilize, considering that the company's investment income has increased significantly and the company's gross profit has improved.

Orient Securities – gave SAIC a "buy" rating with a target price of 29.59 yuan

The sales volume of independent brands has achieved a contrarian growth, and the independence of the r brand is expected to help the sales of new energy vehicles continue to rise.

The sales volume of SAIC's three major brands in the third quarter increased by 21.1% year-on-year and 27.2% sequentially, and still achieved contrarian growth against the background of chip supply shortage. In terms of new cars, roewe imax8, Roewe i5 gt, the new MG 6 and other new products have been unveiled, which is expected to become a new growth point for independent brand sales.

Ping An Securities – gave SAIC a "overweight" rating

R cars and zhiji cars have operated independently and will be more flexible in the system.

In 2021, the automotive joint venture company is more affected by the chip shortage than the independent brand, so it is estimated that the current performance of the joint venture car companies is at the bottom, and the performance of the joint venture company is expected to gradually recover as the chip supply tension gradually eases. With the launch of the company's high-end new energy models, the company's new energy vehicle sales structure is expected to be improved. In addition, the company's overseas market layout is perfect, and it will continue to benefit from the growth of overseas markets.

Other securities companies such as Capital Securities, Guohai Securities, and Huaxi Securities hold similar views. Almost all brokers have highlighted Feifan Automobile. On October 29, SAIC Motor announced the establishment of Feifan Automobile, which will separate the r brand and carry out market-oriented operation. This will help the company accelerate the pace of innovation and transformation, and help the sales of new energy vehicles continue to rise.

According to the latest news, the number of orders for Feifan Automobile continued to rise, and the overall number of orders increased by 30% month-on-month to nearly 3,000 vehicles. Among them, ER6 orders increased by 64% month-on-month and 214% year-on-year; the number of SUV Marvel R orders also increased steadily.