Saic Motor Corporation Limited’s Net Profit Dropped 48.8% in First Half of 2022

Saic Motor Corporation Limited (上海汽车集团股份有限公司) (600104.SH) reported a net profit of 9.7 billion yuan in the first half of 2022, down 48.8% year-on-year.

Meanwhile, the company posted 305 billion yuan in revenue, down 13.7% year-on-year.

At the end of the reporting period, it had 1 trillion yuan in total assets and 618.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.1%.