On May 4, Saic Motor Corporation Limited(600104) announced that the controlling shareholder of the company, Shanghai Automotive Industry (Group) Co., Ltd., based on its confidence in the company’s future development prospects and recognition of the company’s long-term investment value, plans to increase its A-share holdings with its own funds in the way allowed by Shanghai stock exchange within 6 months from May 5, 2022, with the amount of shares to be increased not less than RMB 1.6 billion and not more than RMB 3.2 billion, No price range is set for this increase.
According to the 2021 annual report released by the company recently, Saic Motor Corporation Limited(600104) achieved a total revenue of 779.85 billion yuan, a year-on-year increase of 5.1%; The net profit attributable to shareholders of listed companies was 24.53 billion yuan, a year-on-year increase of 20.1%; The weighted average return on net assets was 9.2%, an increase of 1.2 percentage points over the previous year, and the quality of economic operation was significantly improved. The company will continue to repay shareholders with “generous” dividends. It plans to distribute cash dividends of 6.82 yuan (including tax) for every 10 shares, with a total of 7.847 billion yuan (including tax). The total cash dividends account for 35% of the net profit attributable to the parent company (including repurchase).
In terms of sales volume, Saic Motor Corporation Limited(600104) 2021 achieved batch sales of 5.464 million vehicles and terminal retail sales of 5.811 million vehicles, with a year-on-year increase of 5.5%. The sales volume of complete vehicles has remained the first in China for 16 consecutive years. The sales volume of self owned brand vehicles reached 2.857 million in 2021, with a year-on-year increase of 10%, accounting for 50% of the company’s total sales volume for the first time, reaching 52.3%; 733000 new energy vehicles were sold, with a year-on-year increase of 128.9%, ranking first in China and top three in the world; Overseas sales reached 697000 vehicles, with a year-on-year increase of 78.9%. The export of finished vehicles has remained the first in China’s industry for six consecutive years.
