SAIC Motor Corp Ltd operates in the Motor vehicles and car bodies sector.
In addition to historical fundamental analyses, the complete report available to purchase compares SAIC Motor Corp Ltd with three other
automobile manufacturers in Asia:
Nissan Motor Co Ltd
of JAPAN
(2020
sales of 9.88 trillion Japanese Yen [US$90.29 billion]
of which 89%
was Automobile),
Hyundai Motor Co
of KOREA (SOUTH)
(104.00 trillion Korean Won [US$89.13 billion]
of which 77%
was Vehicle), and
Honda Motor Co., Ltd.
which is
based in JAPAN
(14.93 trillion Japanese Yen [US$136.47 billion]
of which 67%
was Automobile Business).
Sales Analysis.
During the second
quarter of 2021, sales at SAIC Motor Corp Ltd totalled
175.81 billion Chinese Renmimbi.
This is a drop of 0.9%
from the 177.38 billion Chinese Renmimbi in sales at the company during the second quarter in 2020.
During the first two
quarters of 2021, sales totalled 364.78 billion Chinese Renmimbi, which is
28.9% higher
than through the first two quarters of 2020.
SAIC Motor Corp Ltd reported sales of 738.75 billion Chinese Renmimbi (US$114.84 billion)
for the
year ending
December of 2020.
This
represents
a
decrease of 12.0%
versus 2019, when the company's sales were 839.45 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 12.6% decline
in Vehicle and Parts, from 825.03 billion Chinese Renmimbi to 721.47 billion Chinese Renmimbi.
.
However, these declines were partially offset by the increase in sales of
Finance Industry (up 13.0% to 20.66 billion Chinese Renmimbi)
.