上汽集团单月销量“六连涨” 上半年扣非净利增逾4倍

Core Viewpoint - SAIC Motor Corporation reported a mixed performance in its 2025 semi-annual report, with revenue growth but a decline in net profit, highlighting the challenges and opportunities in the automotive industry amid increasing competition and evolving consumer demands [1][2][3] Financial Performance - The company achieved a consolidated operating revenue of 299.58 billion yuan, a year-on-year increase of 5.23% [1] - The net profit attributable to shareholders was 6.02 billion yuan, a year-on-year decrease of 9.21% [1] - The net profit excluding non-recurring items was 5.43 billion yuan, showing a significant year-on-year increase of 432.21% [1] - The net cash flow from operating activities reached 21.04 billion yuan, up 85.89% year-on-year [1] Market Performance - Domestic vehicle sales increased by 11.7% year-on-year, driven by the "old-for-new" policy [1] - Total vehicle wholesale reached 2.053 million units, a year-on-year increase of 12.4% [1] - Retail sales of vehicles amounted to 2.207 million units, maintaining the leading position in the domestic industry [1] - Sales of the company's own brands reached 1.304 million units, up 21.1% year-on-year, with a market share increase to 63.5% [1] - New energy vehicle sales grew by 40.3% year-on-year, totaling 646,000 units [1] - Overseas market sales reached 494,000 units, a year-on-year increase of 1.3% [1] Strategic Initiatives - The company launched various initiatives to stimulate consumer demand, including trade-in subsidies and new vehicle offerings [2] - SAIC Motor is expanding its overseas market presence, with the MG brand becoming the top-selling Chinese brand in Western Europe in the first half of the year [2] - The company is accelerating the development of key technologies, including second-generation solid-state batteries and smart cockpit systems in collaboration with OPPO [2] - The application rate of domestic chips is increasing, with ongoing technical collaborations with companies like Horizon [2] Collaborative Projects - The company is advancing its collaboration with Huawei on the "SAIC尚界" project, focusing on product development and marketing strategies [3] - The first product under this brand is set to launch in September, with additional products in development to enhance market coverage [3]