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SAIC Motor 2013 Report shows profits up almost 20 %

When the SAIC Motor Group Co (SAIC Motor) announced its annual report for 2013, on March 28, the data showed revenues of 565.8 billion yuan ($90.44 million), an increase of 17.6 percent, year-on-year, and net profits from listed companies of 24.8 billion yuan, up 19.5 percent, year-on-year. The report also shows group shares gaining 2.25 yuan, and by year’s end, total assets of 373.6 billion yuan, with every 10 shares getting a bonus of 12 yuan.

In 2013, the company saw steadily increasing production and marketing, while it continued to make improvements along the industrial chain by increasing the scale of sales and innovation for a solid foundation for sustainable development. Last year, it sold more than 5 million vehicles, for a year-on-year increase of 13.7 percent, helping it keep its lead in the domestic auto market. Sales of Shanghai GM and Shanghai Volkswagen ranked among the top two in the country, while those of SGMW took the lead in the MVP market. The Roewe 550, a new plug-in hybrid e-vehicle brand, used an advanced dual clutch transmission and inkanet to bring obvious improvements over earlier technology and, marking a breakthrough in new energy car development, with an overall performance that puts it among the top class in technology in the world.  

SAIC Motor has three core areas that make it competitive -- an industrial chain, domestic market advantages, and sustainable innovation. In the future, it will remain active in its core competitiveness closely following market and user trends in three ways: first, by making an effort to explore the export market, buy promoting programs in Thailand, and emerging markets in the Middle East and South America, to strengthen its oversea business capacity; secondly, by paying closer attention to its e-business platform to meet the growing Internet needs of consumers; and, third, by relying on the success of its two e-vehicles, the Roewe 550 EV, and Roewe 550 plug-in hybrid EV, to increase the new-energy auto markets to a larger degree, through innovative business promotions.

This year, SAIC Motor will orientate itself to the market and stick to its path of quality and efficiency, increasing its innovation and global business capacity to make bring sales of greater than 5.6 million.