SAIC Motor's revenue and net profit both fell

SAIC Motor's operating income in the third quarter was 142.56 billion yuan, down 25.58% year-on-year; its net profit was 280 million yuan, down 93.53% year-on-year. This was mainly due to the decline in the fuel vehicle market and the unprecedentedly fierce price war, which led to the company's reduced sales revenue, lower gross profit, and reduced cash inflow.