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Consumer Durables

BAIC Motor Corp. Ltd.

Business Summary

BAIC Motor Corp. Ltd. engages in the manufacture and sale of vehicles, parts, and accessories. It operates through the Passenger Vehicles of Beijing Brand and Passenger vehicles of Beijing Benz. The Passenger Vehicles of Beijing Motor segment produces and markets cars under the BAIC brand name. The Passenger Vehicles of Beijing Brand segment manufactures and sells passenger vehicles of BAIC brands, and provides other businesses and related services. The Passenger Vehicles of Beijing Benz segment distributes crossover and sports utility vehicles, sedans, multi-purpose, and off-road vehicles of Beijing Benz. The company was founded on September 20, 2010 and is headquartered in Beijing, China.

Financial Highlights

Dec 2019 HKDUSD
Revenue198,018.92M25,272.99M
Gross Profit41,177.79M5,255.48M
Operating income23,207.21M2,961.91M
Income before tax24,514.52M3,128.76M
Net income4,502.43M574.64M
EBITDA31,443.36M4,013.09M
Diluted EPS0.560.07
Dividends Per Share0.180.02
Total Assets216,126.03M27,737.62M
Total liabilities133,219.88M17,097.44M
Total equity54,145.66M6,949.05M
Operating cash flow41,103.56M5,246.01M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 103,749.94M 135,769.04M 154,696.45M 179,942.69M 198,018.92M
Gross Profit 18,568.43M 30,371.52M 40,563.37M 42,772.38M 41,177.79M
Operating income 4,130.79M 13,288.31M 21,420.29M 23,818.40M 23,207.21M
Income before tax 5,012.01M 12,913.81M 19,683.37M 24,010.09M 24,514.52M
Net income 4,093.43M 7,439.23M 2,597.68M 5,113.83M 4,502.43M
EBITDA 8,647.63M 18,899.64M 27,994.18M 32,083.07M 31,443.36M
Diluted EPS 0.54 0.98 0.34 0.64 0.56
Dividends Per Share 0.17 0.33 0.11 0.21 0.18
Total Assets 152,044.40M 188,432.26M 200,958.12M 196,180.32M 216,126.03M
Total liabilities 95,866.79M 123,687.88M 129,362.45M 114,844.97M 133,219.88M
Total equity 41,784.62M 44,804.27M 49,021.42M 52,932.30M 54,145.66M
Operating cash flow 19,292.42M 23,844.17M 26,660.49M 25,855.43M 41,103.56M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 13,382.64M 17,490.47M 19,851.15M 22,959.06M 25,272.99M
Gross Profit 2,395.13M 3,912.61M 5,205.22M 5,457.37M 5,255.48M
Operating income 532.82M 1,711.86M 2,748.72M 3,039.01M 2,961.91M
Income before tax 646.49M 1,663.62M 2,525.83M 3,063.47M 3,128.76M
Net income 528.00M 958.36M 333.34M 652.47M 574.64M
EBITDA 1,115.45M 2,434.75M 3,592.30M 4,093.51M 4,013.09M
Diluted EPS 0.07 0.12 0.04 0.08 0.07
Dividends Per Share 0.02 0.04 0.01 0.02 0.02
Total Assets 19,618.25M 24,303.96M 25,706.84M 25,057.03M 27,737.62M
Total liabilities 12,369.66M 15,953.24M 16,548.22M 14,668.51M 17,097.44M
Total equity 5,391.45M 5,778.84M 6,270.88M 6,760.75M 6,949.05M
Operating cash flow 2,488.51M 3,071.73M 3,421.16M 3,298.92M 5,246.01M

Valuation Measures

Dec 2019
PER7.86
ROA2.18%
ROE8.40%
Operating margin11.71%
Profit margin2.27%

Key executives

  • President & Executive Director: Hong Liang Chen
  • Vice President, Director-Finance & Economics: De Ren Li
  • Secretary: Jian Hui Wang

Shareholders

  • Daimler AG (30.3%)
  • GIC Pte Ltd. (Investment Management) (6.9%)
  • The Vanguard Group, Inc. (3.0%)
  • Dimensional Fund Advisors LP (2.1%)
  • BlackRock Fund Advisors (1.7%)
  • Templeton Asset Management Ltd. (1.6%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (1.2%)
  • Norges Bank Investment Management (1.0%)
  • BlackRock Investment Management (UK) Ltd. (0.9%)
  • Jennison Associates LLC (0.7%)

Contact Details

Related Companies

  • BAIC (Guangzhou) Automotive Corp. Ltd.
  • BAIC Motor Sales Co., Ltd.
  • BAIC Hong Kong Investment Corp. Ltd.
  • BAIC Investment Co. Ltd.

Competitors

  • Great Wall Motor Co., Ltd. Class H
  • Guangzhou Automobile Group Co., Ltd. Class H
Last Updated on 3 Aug, 2020

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