筑底企稳、回升提速，上汽集团2025年净利润同比大增438%-558%

Core Viewpoint - SAIC Motor Corporation Limited has announced a significant increase in its expected net profit for 2025, projecting a profit of 9 billion to 11 billion yuan, representing a year-on-year growth of 438% to 558% [2] Financial Performance - The company expects a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between 7 billion and 8.2 billion yuan, an increase of 229% to 251% compared to the previous year [2] - In the previous year, the net profit attributable to shareholders was 1.666 billion yuan, with a net profit of -5.409 billion yuan when excluding non-recurring items [2] Business Operations - In 2025, SAIC is projected to achieve wholesale vehicle sales of 4.5075 million units, a year-on-year increase of 12.32% [3] - The company’s core business, particularly its self-owned brands, showed strong performance with sales reaching 2.928 million units, a growth of 21.6% [3] - The company launched new high-end products, including the Buick brand's new energy sub-brand and the first mass-produced model from SAIC Audi [3] New Energy Vehicles - The new energy vehicle segment achieved record sales of 1.643 million units in 2025, marking a year-on-year growth of 33.1% [4] - The company introduced innovative technologies, including the industry’s first mass-produced semi-solid battery vehicle, enhancing safety performance by over 20% compared to industry standards [4] International Market Expansion - SAIC's overseas sales reached 1.071 million units in 2025, a growth of 3.1%, with a new global strategy focusing on both global and local markets [5] - The European market saw significant growth, with MG sales exceeding 300,000 units, a nearly 30% increase, while sales in India and Thailand also showed positive growth [5] - The company has established a presence in over 170 countries and regions, with cumulative overseas sales surpassing 6 million units [5]