SAIC Motor's revenue and net profit both fell in the first quarter of 2024

The first quarter report of 2024 recently released by SAIC Group showed that the company achieved total operating revenue of 143.07 billion yuan, a year-on-year decrease of 1.95%; net profit attributable to shareholders of listed companies was 2.71 billion yuan, a year-on-year decrease of 2.48%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 212 million yuan, a year-on-year decrease of 1.97%.