SAIC Motor (SHSE:600104) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥145.8b (down 26% from 3Q 2023).
- Net income: CN¥279.7m (down 94% from 3Q 2023).
- Profit margin: 0.2% (down from 2.2% in 3Q 2023).
- EPS: CN¥0.024 (down from CN¥0.38 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SAIC Motor Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 91%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto industry in China.
Performance of the Chinese Auto industry.
The company's shares are down 2.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for SAIC Motor that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:600104
SAIC Motor
Researches and develops, produces, and sells vehicles and their parts in the People’s Republic of China and internationally.
Excellent balance sheet average dividend payer.
