SAIC Motor's Q3 profit jumps despite asset impairment charges

SAIC Motor Corporation Limited recorded asset impairment provisions totaling 3.522 billion yuan for the first nine months of 2025, with 2.287 billion yuan in the third quarter alone. These provisions, which impacted total profit by the same amount, included 596 million yuan for loan and advance impairment, 1.689 billion yuan for fixed asset impairment, 1.051 billion yuan for inventory write-downs, and 210 million yuan for intangible asset impairment. The company justified these provisions by adapting to market demand, adjusting product structures, and increasing sales promotions.

Despite these impairments, SAIC Motor's Q3 2025 financial results show strong growth. Net profit attributable to shareholders increased by 644.88% to 2,083,357,266.67 yuan, with total revenue reaching 169,402,774,018.99 yuan, up 16.19%. Operating cash flow for the nine months ended September 30, 2025, rose by 70.88% to 31,938,106,598.25 yuan.

The board also approved the 2025 Third Quarter Report and a new "Company Internal Audit System" to replace the previous "Company Internal Audit Charter," indicating a focus on strengthening internal controls.