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SAIC's sales of 417600 vehicles fell about 9 per cent in April from a year earlier
May 7,2020 17:01CST
translation
Source:SMM
SAIC reported that it sold 417600 vehicles in April, down about 9% from 456800 in the same period a year earlier, while the company sold 1.0966 million vehicles in the first four months of this year, down 44.89% from a year earlier.
The content below was translated by Tencent automatically for reference.

SMM5, March 7: SAIC Group disclosed its April production and sales report, the company sold 417600 vehicles in April, down about 9% from 456800 vehicles in the same period last year; the company sold 1.0966 million vehicles in the first four months of this year, down 44.89% from the same period last year.

From the results of the first quarter, SAIC achieved operating income of 105.947 billion yuan in the first quarter, sales of 679000 vehicles in the first quarter, the net cash flow generated by operating activities rose 90.82% from the same period last year, and the net profit attributable to shareholders of listed companies was 1.121 billion yuan. Indicators are still the highest in the industry, although seriously affected by the epidemic, but it is not difficult to see, compared with the sales performance in April, showing a strong rebound trend.

The company's annual sales target of 6 million vehicles, revenue target of 780 billion yuan, to maintain a steady progress in the market share. The company has a full-year vehicle sales target of 6 million vehicles, down 3.8% from the same period last year, and a revenue target of 780 billion yuan, down 7.5% from the same period last year. The target is expected to be better than the average growth rate of the industry in 2020, helping the group to make steady progress in its share of the market. Throughout the year, SAIC GM product strategy adjustment, independent new model launch, Baojun brand reshaping, and the end of 2020 is expected to welcome Volkswagen MEB models, will ensure that SAIC to achieve the annual sales target.

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