Saic Motor Corporation Limited’s Net Profit Rose 4.9% in First Half of 2023

Saic Motor Corporation Limited (上海汽车集团股份有限公司) (600104.SH) reported a net profit of 10.2 billion yuan in the first half of 2023, up 4.9% year-on-year.

Meanwhile, the company posted 316.4 billion yuan in revenue, up 3.3% year-on-year.

At the end of the reporting period, it had 941.7 billion yuan in total assets and 604 billion yuan in total liabilities, with a liability-to-asset ratio of 64.1%.