SAIC Motor's 2024 performance forecast released, net profit fell sharply

SAIC Motor released its 2024 performance forecast, predicting full-year net profit of 1.5 billion to 1.9 billion yuan, a year-on-year decrease of 87% to 90%. Net profit attributable to the parent company's owners after deducting non-recurring gains and losses is -4.1 billion to -6 billion yuan, a year-on-year decrease of 141% to 160%.