Saic Motor Corporation Limited’s Net Profit Dropped 39.9% in First Three Quarters 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 17.1 billion yuan in the first three quarters of 2022, down 39.9% year-on-year.

Meanwhile, the company posted 510.2 billion yuan in revenue, down 4.6% year-on-year.

At the end of the reporting period, it had 1 trillion yuan in total assets and 638.6 billion yuan in total liabilities, with a liability-to-asset ratio of 66%.