SAIC Motor forecasts strong Q1 profit growth

SAIC Motor Corp (SSE:600104) anticipates its net profit attributable to shareholders to increase between 10% and 18% year-on-year for the first quarter of 2025. The company projects net profit to be between CNY 3.0 billion and CNY 3.2 billion, an increase of between CNY 290 million and CNY 490 million from the same period last year. This positive outlook is attributed to the company's comprehensive reform efforts, internal business restructuring, and successful capture of market opportunities, combined with effective cost reduction measures. SAIC Motor reported wholesale vehicle sales of 945,000 units in Q1 2025, a 13.3% increase year-on-year. The company cautions that these figures are preliminary estimates and the final results are subject to change.