Saic Motor Corporation Limited’s Net Profit Dropped 2.4% in First Three Quarters 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 16.7 billion yuan in the first three quarters of 2023, down 2.4% year-on-year.

Meanwhile, the company posted 508 billion yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 1 trillion yuan in total assets and 609.1 billion yuan in total liabilities, with a liability-to-asset ratio of 64%.