“三驾马车”齐发力，上汽集团三季度净利大涨644.9%

Core Insights - SAIC Motor Corporation has regained its dominant position in the market, with significant growth in sales, revenue, and net profit in Q3 2025 [1][3]. Sales Performance - In Q3 2025, SAIC sold 1.141 million vehicles, a year-on-year increase of 38.7% [3]. - For the first three quarters, total vehicle sales reached 3.193 million, up 20.5% year-on-year, while retail sales were 3.378 million [5]. Financial Results - The total revenue for the first three quarters was 468.99 billion yuan, reflecting a 9.0% year-on-year growth [5]. - Net profit attributable to shareholders for the first three quarters was 8.1 billion yuan, a 17.3% increase year-on-year, with a significant rise in net profit excluding non-recurring items to 7.12 billion yuan, up 578.6% [5]. Market Segmentation - The sales of SAIC's self-owned brands reached 2.044 million units in the first nine months, a 29.2% increase, accounting for 64% of total sales [7]. - Sales of SAIC's new energy vehicles (NEVs) totaled 1.083 million units, up 44.8%, with a record monthly sales of 190,000 units in September [7]. Technological Innovation - SAIC has invested over 150 billion yuan in electric and intelligent technologies, resulting in nearly 26,000 effective patents across various platforms [9]. - The company is accelerating the production of industry-leading technologies, including semi-solid batteries and comprehensive intelligent vehicle solutions [10]. New Product Launches - Recent launches include the new generation of models such as the Zhiji LS6 and MG4, which have quickly gained popularity in the market [10]. - The Zhiji LS6 achieved over 10,000 orders within 27 minutes of its launch, addressing key consumer concerns regarding range anxiety and charging convenience [10].