SAIC Motor's (SHA:600104) net profit attributable to shareholders in 2024 slumped 88% to 1.67 billion yuan from 14.1 billion yuan a year earlier, according to a Shanghai Stock Exchange disclosure on Wednesday.

Earnings per share fell year on year to 0.145 yuan from 1.226 yuan.

The Chinese carmaker's operating income in the same period slid 15% to 614.1 billion yuan from 726.2 billion yuan in the prior year, the disclosure said.

The company's shares jumped over 4% in recent trade.