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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.