SAIC Motor stock trades at CNY 10.77 as H1 margins widen

Published on 09/28/2026 at 17:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SAIC Motor stock reported CNY 298.65 billion in H1 2026 revenue, while core profit rose 72 percent year over year. An analyst target stands at CNY 14.50.

SAIC, CNE000000TY6, Illustration mit AI erstellt.

SAIC Motor (ISIN CNE000000TY6) was trading at CNY 10.77 on the Shanghai Stock Exchange on September 28, 2026, up 0.47 percent from the prior close. The latest operating picture combines a 12.6 percent gross margin in H1 2026 with a 72 percent rise in core attributable profit.

Margins improve as profit quality shifts

According to Gasgoo on September 1, 2026, SAIC Motor reported consolidated operating revenue of RMB 298.65 billion for the first half of 2026. Net profit attributable to shareholders was RMB 5.15 billion, while core attributable profit excluding foreign-exchange and impairment effects reached RMB 7.87 billion, up 72 percent year over year.

The comparison is important because headline profit fell 14.4 percent year over year, while gross margin increased by 3.0 percentage points to 12.6 percent. Operating cash flow also climbed 158 percent to RMB 54.3 billion during the same reporting period, according to Gasgoo.

Analyst target stays above market price

Futubull reported on September 1, 2026, that the analyst view retained an Outperform rating while lowering the target price by 22 percent to RMB 14.50. The same report cited H1 vehicle sales of 2.045 million units, down 0.4 percent year over year.

SAIC Motor's own-brand and overseas operations provide the counterweight to weaker headline profit. In H1 2026, new-energy vehicle sales reached 526,000 units, up 40.9 percent year over year, while overseas sales reached 735,000 units, up 48.7 percent, according to Futubull on September 22, 2026.

Stock remains below yearly high

SAIC Motor stock stood at CNY 10.77 on September 28, 2026, at 3:00 p.m. CST, with a daily range of CNY 10.69 to CNY 10.90 and volume of 37,372,987 shares. Its 52-week range was CNY 9.44 to CNY 17.57, while market capitalization was CNY 123.8 billion.