Trade BAIC Motor Corporation Limited - 1958 CFD

BAIC Motor Company profile

About BAIC Motor Corp Ltd

BAIC Motor Corporation Limited is principally engaged in the manufacture and sales of passenger vehicles, engines and auto parts in the People’s Republic of China (the PRC). The Company operates its business through two segments. The Passenger Vehicles of Beijing Motor segment is engaged in the manufacture and sales of passenger vehicles BAIC brands and the provision of other related services. The Passenger Vehicles of Beijing Benz Automotive Co., Ltd. (Beijing Benz) segment is principally engaged in the manufacture and sales of Beijing Benz brand and the provision of related services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, BAIC Motor Corp Ltd revenues decreased 1% to RMB175.92B. Net income applicable to common stockholders increased from RMB1.92B to RMB3.86B. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Share of (loss)/profit of investments decrease of 45% to RMB1.1B (expense).