SAIC Motor Corporation Limited (SHA:600104)

SAIC Motor Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	597,227	598,531	710,667	705,550	745,977	710,196
Other Revenue	28,151	29,059	34,038	38,513	33,868	31,936
Revenue	625,378	627,590	744,705	744,063	779,846	742,132
Revenue Growth (YoY)	-15.70%	-15.73%	0.09%	-4.59%	5.08%	-12.00%
Cost of Revenue	556,043	557,058	659,955	653,039	686,618	659,684
Gross Profit	69,605	70,520	82,103	86,466	88,633	87,090
Selling, General & Admin	41,498	42,088	49,472	56,338	54,084	47,939
Research & Development	17,580	17,650	18,365	18,031	19,668	13,395
Other Operating Expenses	2,674	2,337	4,626	5,281	5,549	5,760
Operating Expenses	63,933	64,447	74,365	80,523	79,888	67,259
Operating Income	5,672	6,073	7,738	5,942	8,745	19,831
Interest Expense	-3,803	-3,797	-3,447	-5,412	-2,106	-2,180
Interest & Investment Income	9,340	10,042	17,854	17,452	29,575	20,057
Currency Exchange Gain (Loss)	-1,599	-1,606	1,236	1,029	-569.82	-474.44
Other Non Operating Income (Expenses)	-1,039	-2,348	-1,041	1,970	-39.67	-230.98
EBT Excluding Unusual Items	8,572	8,364	22,339	20,981	35,605	37,003
Impairment of Goodwill	-12.53	-12.53	-16.81	-	-66.72	-
Gain (Loss) on Sale of Investments	880.52	-667.67	964.46	-76.84	1,738	-2,342
Gain (Loss) on Sale of Assets	684.67	698.99	1,268	1,887	810.06	-73.87
Asset Writedown	-859.76	-679.62	-2,419	-414.52	-434.83	-1,569
Other Unusual Items	2,808	2,808	3,837	5,694	3,907	2,873
Pretax Income	12,073	10,511	25,973	28,071	41,558	35,892
Income Tax Expense	5,088	4,678	5,913	5,228	7,616	6,704
Earnings From Continuing Operations	6,985	5,833	20,060	22,843	33,942	29,188
Minority Interest in Earnings	-5,010	-4,167	-5,954	-6,725	-9,409	-8,757
Net Income	1,976	1,666	14,106	16,118	24,533	20,431
Net Income to Common	1,976	1,666	14,106	16,118	24,533	20,431
Net Income Growth	-85.92%	-88.19%	-12.48%	-34.30%	20.08%	-20.20%
Shares Outstanding (Basic)	11,480	11,492	11,506	11,513	11,572	11,662
Shares Outstanding (Diluted)	11,480	11,492	11,506	11,513	11,572	11,662
Shares Change (YoY)	-0.22%	-0.12%	-0.06%	-0.52%	-0.77%	-0.21%
EPS (Basic)	0.17	0.14	1.23	1.40	2.12	1.75
EPS (Diluted)	0.17	0.14	1.23	1.40	2.12	1.75
EPS Growth	-85.89%	-88.17%	-12.43%	-33.96%	21.00%	-20.04%
Free Cash Flow	57,827	48,466	22,925	-13,430	2,873	22,380
Free Cash Flow Per Share	5.04	4.22	1.99	-1.17	0.25	1.92
Dividend Per Share	0.088	0.088	0.370	0.337	0.682	0.620
Dividend Growth	-76.24%	-76.24%	9.92%	-50.59%	10.00%	-29.54%
Gross Margin	11.13%	11.24%	11.03%	11.62%	11.37%	11.73%
Operating Margin	0.91%	0.97%	1.04%	0.80%	1.12%	2.67%
Profit Margin	0.32%	0.27%	1.89%	2.17%	3.15%	2.75%
Free Cash Flow Margin	9.25%	7.72%	3.08%	-1.80%	0.37%	3.02%
EBITDA	23,026	23,322	24,567	21,279	24,289	33,483
EBITDA Margin	3.68%	3.72%	3.30%	2.86%	3.12%	4.51%
D&A For EBITDA	17,354	17,249	16,829	15,337	15,544	13,652
EBIT	5,672	6,073	7,738	5,942	8,745	19,831
EBIT Margin	0.91%	0.97%	1.04%	0.80%	1.12%	2.67%
Effective Tax Rate	42.14%	44.50%	22.77%	18.63%	18.33%	18.68%
Revenue as Reported	625,378	627,590	744,705	744,063	779,846	742,132
Advertising Expenses	-	7,225	11,418	13,174	13,105	10,436

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.