ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Consumer Durables

SAIC Motor Corp. Ltd.

  • 28.55 CNY
  • +0.52
  • +1.86%
  • China
    Aug 17, 2018
  • Ticker
    SHG(600104)
  • Prev. close
    28.03
  • Market cap (CNY)
    327,487.40M
  • Market cap (USD)
    47,479.83M
  • Shares
    11,683.46M

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.

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. It is currently establishing an intelligent logistics service platform to deliver extended services to clients. SAIC Motor was founded on November 24, 1997 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2017 CNYUSD
Revenue862,757.75M127,660.46M
Gross Profit116,376.56M17,219.99M
Operating income22,138.95M3,275.85M
Income before tax25,957.46M3,840.87M
Net income34,410.33M5,091.62M
EBITDA30,894.99M4,571.46M
Diluted EPS2.950.43
Dividends Per Share1.830.27
Total Assets723,676.33M111,129.65M
Total liabilities438,403.09M67,322.34M
Total equity225,335.30M34,603.08M
Operating cash flow53,829.31M7,965.01M
Currency in CNYCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 562,367.55M 626,243.95M 664,849.82M 748,893.34M 862,757.75M
Gross Profit 69,456.73M 75,053.02M 75,450.89M 95,392.47M 116,376.56M
Operating income 16,556.76M 15,020.30M 15,708.65M 18,668.28M 22,138.95M
Income before tax 18,481.08M 17,388.15M 19,178.39M 22,737.72M 25,957.46M
Net income 24,803.62M 27,973.44M 29,793.79M 32,005.70M 34,410.33M
EBITDA 21,629.59M 19,973.13M 21,673.96M 26,318.33M 30,894.99M
Diluted EPS 2.25 2.53 2.70 2.90 2.95
Dividends Per Share 1.20 1.30 1.36 1.65 1.83
Total Assets 375,247.71M 415,714.77M 511,630.69M 590,713.77M 723,676.33M
Total liabilities 206,889.95M 223,031.46M 290,038.12M 343,149.90M 438,403.09M
Total equity 137,757.23M 157,664.38M 175,128.73M 192,098.04M 225,335.30M
Operating cash flow 41,668.87M 46,401.68M 54,381.58M 39,899.80M 53,829.31M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 91,476.34M 101,634.91M 105,781.56M 112,724.72M 127,660.46M
Gross Profit 11,298.03M 12,180.56M 12,004.68M 14,358.64M 17,219.99M
Operating income 2,693.17M 2,437.68M 2,499.34M 2,809.98M 3,275.85M
Income before tax 3,006.18M 2,821.97M 3,051.39M 3,422.52M 3,840.87M
Net income 4,034.63M 4,539.88M 4,740.36M 4,817.55M 5,091.62M
EBITDA 3,518.33M 3,241.49M 3,448.45M 3,961.48M 4,571.46M
Diluted EPS 0.36 0.41 0.42 0.43 0.43
Dividends Per Share 0.19 0.21 0.21 0.24 0.27
Total Assets 61,984.46M 67,007.54M 78,789.99M 85,000.89M 111,129.65M
Total liabilities 34,174.65M 35,949.62M 44,665.22M 49,377.63M 67,322.34M
Total equity 22,755.12M 25,413.34M 26,969.43M 27,641.99M 34,603.08M
Operating cash flow 6,777.98M 7,530.66M 8,652.43M 6,005.78M 7,965.01M

Valuation Measures

Dec 2017
PER10.82
ROA5.23%
ROE16.48%
Operating margin2.56%
Profit margin3.98%

Key executives

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

Shareholders

  • Shanghai State-Owned Assets Supervision & Administration (71.2%)
  • Nanjing State Owned Assets Supervision & Admin Commission (3.5%)
  • China Securities Finance Corp. Ltd. (2.8%)
  • Zhongyuan Asset Management Co., Ltd. (1.5%)
  • China Investment Corp. (Investment Management) (0.8%)
  • Comgest SA (0.7%)
  • China Huarong Asset Management Co., Ltd. (0.7%)
  • Guangdong State-Owned Assets Supervision & Administration (0.7%)
  • Hebei State-Owned Assets Supervision & Admin. Commission (0.7%)
  • Ping An Insurance (Group) Co. of China Ltd. (0.7%)

Contact Details

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

Related Companies

  • Saic Core Esop
  • Saic Venture Capital Investment Co. Ltd.
  • Anji Automotive Logistics Co. Ltd.
  • SAIC Motor HK Investment Ltd.
  • SAIC Capital
  • Shanghai Auto Group Equity Investment Co., Ltd.
  • Shanghai Automotive Industry Hong Kong Ltd.
  • Shanghai Automotive Gear Works Co. Ltd.
  • Shanghai Automotive Industry Corp. Group /Auto Part Bus/
  • Shanghai Automotive Industry Corp. Group /New Energy Auto/
  • Shanghai Automotive Industry Corp. Group /Trade Service Bus/
  • SAIC-Volkswagen Sales Co., Ltd.
  • Shanghai General Dongyue Power Assembly Co. Ltd.
  • Shanghai Yitong Parts & Component Co. Ltd.
  • Shanghai Yitong Valve Board Co. Ltd.
  • Saic Motor UK Holding Co. Ltd.
  • Saic Motor UK Technical Centre Ltd.
  • Sanden (Shanghai) Automotive Air-Conditioning Co. Ltd.
  • Donghua Automotive Industrial Co. Ltd.
  • Shanghai Automotive Co. Ltd. /Yizheng Branch/
  • Nanjing Motor Group Co. Ltd.
  • Shanghai Wanzhong Automotive Components Co. Ltd.
  • Nanjing Automobile (Group) Corp.
  • Shanghai Yizheng Automotive Co. Ltd.
  • Shanghai Diesel Engine Co., Ltd.

Competitors

  • Guangzhou Automobile Group Co., Ltd. Class H
  • Beiqi Foton Motor Co., Ltd. Class A
  • FAW Car Co., Ltd. Class A
  • China Automotive Systems, Inc.
  • SHW AG
  • Hualing Xingma Automobile (Group) Co., Ltd. Class A
  • PACCAR Inc
  • AVIC Shenyang Aircraft Company Limited Class A
  • Shanghai Lianming Machinery Co Ltd Class A
  • KAMAZ PTC
  • Hengli Industrial Development Group Co. Ltd. Class A
  • Wallenius Wilhelmsen Logistics ASA
Last Updated on 17 Aug, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media