SAIC MOTOR(600104)2025-01-24 09:40Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 1.5 billion and 1.9 billion RMB, a decrease of 12.2 billion to 12.6 billion RMB compared to the previous year, representing a year-on-year decline of 87% to 90%[2] - The net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is expected to be between -4.1 billion and -6 billion RMB, a decrease of 14.1 billion to 16 billion RMB compared to the previous year, representing a year-on-year decline of 141% to 160%[3] Sales Performance - The company achieved wholesale vehicle sales of 4.013 million units in 2024, a decrease of 20.07% compared to the same period last year[6] Impairment and Capital Changes - The impairment provision related to the joint venture SAIC-GM is expected to reduce the company's net profit attributable to shareholders of the parent company by approximately 7.874 billion RMB in the fourth quarter of 2024[6] - The completion of the equity transfer and capital increase of MG Motor India Pvt. Ltd. is expected to increase the net profit attributable to shareholders of the parent company by approximately 5.13 billion RMB in 2024[6]