SAIC Motor's revenue increased slightly, but its net profit decreased

SAIC Motor's revenue in 2023 is 726.199 billion yuan, a slight increase of 0.72% year-on-year, and its net profit attributable to shareholders is 14.106 billion yuan, a year-on-year decrease of 12.48%. Affected by the decline in sales of joint venture brands, SAIC Motor faces pressure to transform to electrification.