SAIC Motor Corporation Limited (SHA: 600104)

SAIC Motor Corporation Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	622,343	710,667	705,550	745,977	710,196	804,616
Other Revenue	29,503	34,038	38,513	33,868	31,936	38,708
Revenue	651,845	744,705	744,063	779,846	742,132	843,324
Revenue Growth (YoY)	-11.91%	0.09%	-4.59%	5.08%	-12.00%	-6.53%
Cost of Revenue	579,757	654,832	653,039	686,618	659,684	728,042
Gross Profit	77,179	93,674	86,466	88,633	87,090	113,327
Selling, General & Admin	50,389	54,566	56,338	54,084	47,939	80,319
Research & Development	17,647	18,365	18,031	19,668	13,395	13,394
Other Operating Expenses	4,210	4,964	5,281	5,549	5,760	6,610
Operating Expenses	73,567	79,341	80,523	79,888	67,259	100,785
Operating Income	3,612	14,332	5,942	8,745	19,831	12,542
Interest Expense	-7,527	-6,895	-5,412	-2,106	-2,180	-2,026
Interest & Investment Income	14,011	14,303	17,452	29,575	20,057	25,367
Currency Exchange Gain (Loss)	1,231	1,236	1,029	-569.82	-474.44	276.21
Other Non Operating Income (Expenses)	328.33	1,598	1,970	-39.67	-230.98	-442.25
EBT Excluding Unusual Items	11,656	24,575	20,981	35,605	37,003	35,717
Impairment of Goodwill	-16.81	-16.81	-	-66.72	-	-145.21
Gain (Loss) on Sale of Investments	-718.82	-1,993	-76.84	1,738	-2,342	617.06
Gain (Loss) on Sale of Assets	1,207	1,329	1,887	810.06	-73.87	21.65
Asset Writedown	-1,310	-2,085	-414.52	-434.83	-1,569	-237.24
Other Unusual Items	4,165	4,165	5,694	3,907	2,873	4,984
Pretax Income	14,982	25,973	28,071	41,558	35,892	40,958
Income Tax Expense	3,219	5,913	5,228	7,616	6,704	5,669
Earnings From Continuing Operations	11,763	20,060	22,843	33,942	29,188	35,289
Minority Interest in Earnings	-2,157	-5,954	-6,725	-9,409	-8,757	-9,686
Net Income	9,606	14,106	16,118	24,533	20,431	25,603
Net Income to Common	9,606	14,106	16,118	24,533	20,431	25,603
Net Income Growth	-35.42%	-12.48%	-34.30%	20.08%	-20.20%	-28.90%
Shares Outstanding (Basic)	11,487	11,506	11,513	11,572	11,662	11,686
Shares Outstanding (Diluted)	11,487	11,506	11,513	11,572	11,662	11,686
Shares Change (YoY)	-0.15%	-0.06%	-0.52%	-0.77%	-0.21%	0.02%
EPS (Basic)	0.84	1.23	1.40	2.12	1.75	2.19
EPS (Diluted)	0.84	1.23	1.40	2.12	1.75	2.19
EPS Growth	-35.32%	-12.43%	-33.96%	21.00%	-20.04%	-28.91%
Free Cash Flow	24,000	22,925	-13,430	2,873	22,380	19,337
Free Cash Flow Per Share	2.09	1.99	-1.17	0.25	1.92	1.65
Dividend Per Share	0.370	0.370	0.337	0.682	0.620	0.880
Dividend Growth	9.92%	9.92%	-50.59%	10.00%	-29.55%	-30.16%
Gross Margin	11.84%	12.58%	11.62%	11.37%	11.73%	13.44%
Operating Margin	0.55%	1.92%	0.80%	1.12%	2.67%	1.49%
Profit Margin	1.47%	1.89%	2.17%	3.15%	2.75%	3.04%
Free Cash Flow Margin	3.68%	3.08%	-1.80%	0.37%	3.02%	2.29%
EBITDA	20,319	30,452	21,279	24,289	33,483	25,322
EBITDA Margin	3.12%	4.09%	2.86%	3.11%	4.51%	3.00%
D&A For EBITDA	16,707	16,120	15,337	15,544	13,652	12,781
EBIT	3,612	14,332	5,942	8,745	19,831	12,542
EBIT Margin	0.55%	1.92%	0.80%	1.12%	2.67%	1.49%
Effective Tax Rate	21.48%	22.77%	18.63%	18.33%	18.68%	13.84%
Revenue as Reported	651,845	744,705	744,063	779,846	742,132	843,324
Advertising Expenses	-	11,418	13,174	13,105	10,436	13,441

Source: S&P Capital IQ. Standard template. Financial Sources.