SAIC Motor (600104) Q1 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2026 earnings summary
30 Apr, 2026Executive summary
Revenue for Q1 2026 reached RMB 140.42 billion, nearly flat year-over-year, with a slight decrease of 0.31%.
Net profit attributable to shareholders was RMB 3.03 billion, up 0.09% year-over-year.
Operating cash flow surged 699.67% year-over-year to RMB 31.99 billion, driven by improved vehicle sales and financial business cash flows.
Financial highlights
Operating income increased 0.61% year-over-year to RMB 138.52 billion.
Total profit rose 9.21% year-over-year to RMB 5.41 billion.
Net profit after deducting non-recurring items decreased 2.60% year-over-year.
Basic EPS was RMB 0.265.
Total assets at quarter-end were RMB 937.95 billion, down 2.32% from year-end 2025.
Outlook and guidance
Management highlighted continued improvement in vehicle sales and manufacturing business operations.
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