Asia300

SAIC Motor Corp. Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 24.97
Mar 23, 2017
Market cap:
Market cap(USD):
291,736.01M
42,358.61M
Shares: 11,683.46M

Currency in CNY

Company profile

Market(Ticker): SHG(600104)
Sector:
Industry:
Producer Manufacturing
Auto Parts: OEM
Full time employees: 163,817

Business summary

SAIC Motor Corp. Ltd. engages in the development, manufacture, sale of automobiles and related parts. It operates through the following business segments: Vehicles & Parts and Financing. The company's business activities include the sale of passenger and commercial vehicles, and components such as engine, transmission, power train, chassis, exterior trim and also offers automotive trade services such as auto financing business. SAIC Motor was founded on November 24, 1997 and is headquartered in Shanghai, China.

Company background

SAIC Motor is a Chinese state-owned automaker based in Shanghai. Founded in 1955, SAIC is one of China's three biggest automakers, alongside FAW and Dongfeng Motor. SAIC has established joint ventures with major Western automakers, including Volkswagen of Germany and General Motors of the U.S. In addition to producing and selling foreign brand vehicles in China, SAIC has also focused on the development of its own-brand vehicles in recent years, and has a bus and truck manufacturer under its wing.

The company set up a joint venture with Volkswagen in 1984 to produce the Santana passenger car, as part of the Chinese government's reform and opening-up policy. That was the first joint venture with foreign capital for a Chinese automaker, and played a central role in the country's increased use of automobiles.

In 1997, SAIC signed a joint-venture contract with GM to produce and sell its Chevrolet, Buick and Cadillac brands. In 2002, SAIC established SAIC-GM-Wuling Automotive, a joint venture with GM, to increase SAIC's share of the market for small, cheap commercial vehicles.

SAIC released its own brand sedan, the Roewe, in 2006. Although the automaker is trying to strengthen its own-brand vehicles to break away from foreign capital, sales are still comparatively small. SAIC is also expanding overseas operations. It has established an automotive joint venture in Thailand with the Thai conglomerate Charoen Pokphand Group.

SAIC Chairman Chen Hong studied electrical engineering at Tongji University in Shanghai. Chen was sent on loan to Shanghai General Motors in 1997 to help with the establishment of the joint venture. He stayed with the company until 2003, but is said to still have strong connections with GM.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 664,849.82M
Gross profit 75,450.89M
Operating income 15,559.63M
Income before tax 19,178.39M
Net income 29,793.79M
EBITDA 21,803.34M
Diluted EPS 2.70
Dividends per share 1.36
Total assets 511,630.69M
Total liabilities 290,038.12M
Total equity 175,128.73M
Operating cash flow 54,381.58M

Currency in CNY

Revenue 105,781.56M
Gross profit 12,004.68M
Operating income 2,475.63M
Income before tax 3,051.39M
Net income 4,740.36M
EBITDA 3,469.04M
Diluted EPS 0.42
Dividends per share 0.21
Total assets 78,789.99M
Total liabilities 44,665.22M
Total equity 26,969.43M
Operating cash flow 8,652.43M

Currency in USD

Valuation measures

Dec 2015

PER 7.85
ROA 6.42%
ROE 17.90%
Operating margin 2.34%
Profit margin 4.48%

Key executive

  • President, Director & Deputy Party Secretary: Zhi Xin Chen
  • Chief Financial Officer: Yong Wei
  • Head-Commercial Vehicle Technology: Xin Ping Cao
  • Vice President: Lang Hui Zhou
  • Vice President: Jian Wei Yu

Share holders

  • Shanghai State-Owned Assets Supervision & Administration(77.3%)
  • Nanjing State Owned Assets Supervision & Admin Commission(3.7%)
  • China Securities Finance Corp. Ltd.(3.1%)
  • China Investment Corp. (Investment Management)(0.9%)
  • Comgest S.A.(0.5%)
  • Government of Malaysia(0.2%)
  • Zhongrong International Trust Co., Ltd.(0.2%)
  • China Asset Management Co., Ltd.(0.2%)
  • GIC Pte Ltd. (Investment Management)(0.1%)
  • Norges Bank Investment Management(0.1%)

Address

  • Website: http://www.saicmotor.com
  • Address: No. 489, Weihai Road, Jingan District, Shanghai, 200041, China
  • Phone: +86.21.2201.1888

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