SAIC Motor (600104) Q3 2025 earnings summary

Executive summary

• Achieved total operating revenue of ¥468.99 billion for the first nine months of 2025, up 8.95% year-over-year.

• Net profit attributable to shareholders reached ¥8.10 billion, a 17.28% increase year-over-year.

• Profit growth driven by market expansion, operational efficiency, and effective cost control.

Financial highlights

• Q3 operating revenue was ¥169.40 billion, up 16.19% compared to the same quarter last year.

• Q3 net profit attributable to shareholders surged 644.88% year-over-year to ¥2.08 billion.

• Net cash flow from operating activities for the first nine months was ¥31.94 billion, up 70.88% year-over-year.

• Basic EPS for the first nine months was ¥0.706, up 17.28% year-over-year.

• Gross margin improved as cost controls and operational reforms took effect.

Outlook and guidance

• Continued focus on market expansion and deepening reforms to enhance operational efficiency.

• Ongoing cost management and capital discipline expected to support future profitability.