Changjiang Commercial Daily News â Yangtze River Commercial Daily reporter Huang Cong
The decline in sales has not changed.
On the evening of November 8, the production and sales express report released by SAIC Group (600104.SH) showed that SAIC GM sold 36,300 units in OctoberThe sales volume reached 314,700 units, a year -on -year decrease of 61.11%.
From the perspective of production and sales in the first 10 months of 2024, SAIC GM has a capacity of 1.4 million vehicles throughout the year.
Recently, the SAIC Groups 2024 semi -annual report showed that SAIC GMs operating income in the first half of the year reached 320.02 billion yuan, a year -on -year decrease of 48.42%; net profit loss was 2.275 billion yuan, and profit of 5.28 last year last year was 5.28 last year.100 million yuan.
At the same time, as of the end of the first half of 2024, SAIC -GMs total assets reached 81066 billion yuan, net assets reached 14.229 billion yuan, and the asset -liability ratio reached 82.45%.
Compared with the end of 2021, SAIC GM has decreased by about 25.5 billion yuan in two and a half years, and net assets decreased by 8.439 billion yuan.
In October, sales dropped by 57.34%
SAIC Groups two sales data released on the same day, showingDifferent growth trends.
On November 8th, SAIC Group released the production and sales express on the companys official website. In October, the wholesale sales volume of 402,000 vehicles in October6.4%, an increase of 12.7%month -on -month.Among them, new energy vehicles delivered 161,000 units, up 51.2%year -on -year; 102,000 units in overseas market terminals, an increase of 7.3%year -on -year.
At the same time, SAIC Group stated that since July, the delivery of the Shanghai Steam Terminal has achieved a month -on -month growth of the delivery.For the help of the "old -fashioned new" subsidy policy, SAIC will increase the efforts of new products, seize market opportunities, and continue to maintain sales in a row.
On the evening of November 8, SAIC Group issued an announcement from the October 2024.The announcement shows that the companys sales in October reached 401,900, a year -on -year decrease of 18.22%; the sales volume reached 3.051 million units in the first October, a year -on -year decrease of 21.13%.
Among them, SAIC Groups new energy vehicle sales reached 157,100 in October, an increase of 51.08%year -on -year; export and overseas base sales were 104,100, a year -on -year decrease of 6.4%.
By October 2024, BYDs sales reached 3.239 million units, which has surpassed SAIC Group. It will probably replace SAIC Group and become my countrys largest car group.
Among all the brands of SAIC Group, SAIC GM is the most serious car company in sales.
Data show that the output of SAIC -GMOA in October reached 36,100 units, a year -on -year decrease of 61.97%; the output of the first 10 months reached 294,900 units, a year -on -year decrease of 63.82%.
At the same time, SAIC -GM sold 36,300 units in October, a year -on -year decrease of 57.34%; the sales volume in the first 10 months reached 314,700 units, a year -on -year decrease of 61.11%.
It should be noted that the current sales of SAIC -GM are not worth mentioning compared to the peak period.
In 2010, the total sales of Chinese automobiles exceeded 18 million vehicles.This year, SAIC -GM sales have exceeded 1 million vehicles, and have become the first traditional passenger car company in the history of Chinas automobile industry to "million -scale".
From 2011 to 2013, SAIC -GM sales were 1.231 million, 1.3927 million, and 1.572 million, respectively, which maintained a significant growth trend as a whole.
In 2014, SAIC -GM sales reached 1.760 million units, an increase of 11.74%year -on -year.In the next five years, SAIC GM only sells 250,000 more each year, or the average sales growth rate of 11.11%can complete the target.
In April 2015, SAIC -GM announced that the companys sales will strive to reach 3 million units by 2020, and the market share will increase from the current 9.2%to 10%.
However, from 2015 to 2020, SAIC -GM sales were 1.752 million vehicles, 1.8871 million units, 200,200 vehicles, 1.97 million vehicles, 1.6 million and 1.467 million vehicles.
From this point of view, in 2017, it became the "watershed" of SAIC -GM, and the sales volume reached 200.02 million in that year. It was the first time that the company and the sales volume exceeded the 2 million mark.Since then, the company not only has not completed the expected sales target, but has also continued to decline sharply.
In 2021 and 2022, SAIC-GM sales were 1.3316 million and 1.170 million units, respectively, a year-on-year increase of -9.26%and -12.13%, respectively.
In 2023, SAIC -GM sales reached 1001,000 units throughout the year, a year -on -year decrease of 14.45%.The level to 13 years ago.
Sales have severely declined, and the utilization rate of SAIC -GM production capacity has also declined sharply.
The annual report of SAIC Group 2023 shows that SAICs design capacity reached 1.908 million units, and the capacity utilization rate reached 53%.
From the perspective of production and sales in the first 10 months of 2024, SAIC GM has a capacity of 1.4 million vehicles throughout the year.
Net assets decreased by 8.39 billion in two years and a half
The sales volume was not good, and the performance of SAIC -GM has also severely declined.Essence
Checking data shows that in 2012, SAIC -GMs operating income reached 145.059 billion yuan, belonging to the net profit of the parent company (referred to as "net profit") of 17.546 billion yuan.
Since then, from 2013 to 2016, SAIC -GMs operating income was 145.7 billion yuan, 167.335 billion yuan, 177.703 billion yuan and 202.959 billion yuan, respectively, with net profit of 26.616 billion yuan, respectively.14.786 billion yuan, 16.567 billion yuan and 16.948 billion yuan.
2017 is the best year for SAIC -China sales. The company realized operating income of 228.064 billion yuan, which is also the first in history, but the net profit is not the most, it is 15.421 billion yuan.The year of 26.616 billion yuan.
The reporter from the Yangtze River Business Daily found that since 2019, SAIC -GM profitability has begun to decline sharply.
From 2018 to 2020, SAIC -GMs operating income was 224.444 billion yuan, 187.821 billion yuan and 177.296 billion yuan, respectively, with net profit of 15.621 billion yuan, 10.958 billion yuan, and 4103 billion yuan, respectively.Yuan.
In 2021, SAIC -GMs performance rebounded, achieving operating income of 18.2264 billion yuan, and net profit of 7.261 billion yuan.
In 2022, SAIC -GMs operating income was 162.793 billion yuan, a decrease of about 11%year -on -year; net profit reached 5.579 billion yuan, a decrease of about 23%year -on -year, and once again entered the decline channel.
In 2023, SAIC -GMs operating income was 145.286 billion yuan, a decrease of about 11%year -on -year; net profit reached 2.543 billion yuan, a decrease of about 54%year -on -year.
Recently, the SAIC Groups 2024 semi -annual report showed that the operating income of SAIC GM reached 320.02 billion yuan in the first half of the year, a year -on -year decrease of 48.42%; net profit loss was 2.275 billion yuan, and profit of 5.28 last year last year was 5.28 last year.100 million yuan.
At the same time, a reporter from the Yangtze River Business Daily found that the total assets of SAIC -GMOs were 106.537 billion yuan, 99.757 billion yuan and 87.478 billion yuan, which belonged to the parent companyThe net assets were 22.668 billion yuan, 21.135 billion yuan, and 18.551 billion yuan, respectively, and the asset -liability ratio was 78.72%, 78.81%, and 78.79%, respectively.
As of the end of the first half of 2024, SAIC -GMs total assets reached 81.066 billion yuan, net assets reached 14.229 billion yuan, and the asset -liability ratio reached 82.45%.
On the whole, compared with the end of 2021, SAIC GM has decreased by about 25.5 billion yuan in two and a half years, and net assets decreased by 8.439 billion yuan.
In this context, SAIC GM has begun to make personnel adjustments.
On August 9, SAIC GM announced that Lu Xiao, the executive deputy general manager of the original Pan -Asian Automobile Technology Center, replaced Zhuang Jingxiong as the general manager of SAIC -GMManager Xue Haitao replaced Lu Yi as the deputy general manager of the company and was responsible for the related work of marketing.
Then, it is reported that the general internal is considering selling the Buick brand, and the layoffs and capacity reduction in China are also launched.
However, on August 14, Lu Xiao, the new general manager Lu Xiao, said, "The guess about Buick and Chevrolet brand is rumors.The development strategy of differentiation , synchronize the new and old track.The core task "Lu said that with the joint efforts of dealers, SAIC GM has effectively reduced inventory for many months.Terminal retail has stabilized nearly 50,000 per month, showing a steady recovery and upward trend.
