May 03, 2023 08:00 AM

Saic Motor Corporation Limited’s Net Profit Dropped 32.7% in 2022

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Saic Motor Corporation Limited (上海汽车集团股份有限公司) (600104.SH) reported a net profit of 22.8 billion yuan in 2022, down 32.7% year-on-year.

Meanwhile, the company posted 721 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 653.8 billion yuan in total liabilities, with a liability-to-asset ratio of 66%.

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