#SAIC Releases 2024 Performance Forecast
The company expects a net profit of 1.5 billion to 1.9 billion yuan in 2024, which represents a decrease of 12.2 billion to 12.6 billion yuan compared to the same period last year, an 87-90% YoY decline.
In 2024, the company's wholesale vehicle sales volume was 4.013 million units, down 20.07% YoY. Due to the decline in the fuel vehicle market and the ongoing intensification of price wars, the company's sales revenue has decreased, and gross profit has dropped.
#SAIC