Earnings Alerts

SAIC Motor (600104) Earnings: June Sales Drop 26% YoY, NEV Sales Up 8.8%

  • SAIC Motor‘s vehicle sales for June 2024 were 300,545 units.
  • This is a 26% decrease compared to June 2023.
  • Year-to-date vehicle sales reached 1.83 million units, down 12% from the previous year.
  • Sales of New Energy Vehicles (NEVs) for June 2024 were 93,422 units.
  • NEV sales increased by 8.8% year over year.
  • Analyst ratings include 17 buys, 5 holds, and 3 sells.
  • Data comparisons are based on the company’s original disclosures.

A look at SAIC Motor Smart Scores


Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

SAIC Motor Corporation Ltd., a major player in the automotive industry, appears to have a promising long-term outlook based on its Smartkarma Smart Scores. With top marks in Value and strong scores in Dividend and Momentum, the company seems well-positioned to provide good returns to investors. Additionally, its decent scores in Growth and Resilience indicate a stable and potentially growing future for the company. SAIC Motor‘s robust performance across various factors suggests a positive trajectory ahead.

SAIC Motor Corporation Ltd., known for manufacturing and marketing automobiles and related products through joint ventures, shows a solid overall outlook as per its Smartkarma Smart Scores. The company’s impressive Value score, coupled with above-average scores in Dividend and Momentum, points towards a sound investment choice. Despite slightly lower scores in Growth and Resilience, SAIC Motor‘s standing in key areas indicates a competitive position in the market and potential for steady growth in the long run.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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