SAIC Motor Announces 2023 Annual Report and Dividend

Saic Motor announced its 2023 annual report on March 29, 2024. The company plans to distribute a cash dividend of RMB 3.69 per 10 shares (including tax), for a total of RMB 42.3 billion (including tax).

According to the annual report, SAIC Motor achieved a total operating revenue of approximately RMB 744.7 billion; net profit attributable to shareholders of the listed company was RMB 14.1 billion.

In 2023, SAIC Motor sold approximately 5.021 million vehicles. Of them,1.123 million were new energy vehicles and 1.208 million were sold overseas.