SAIC Motor Corp Ltd Net Assets

Latest as of March 2026: CN¥364.84 Billion CNY ≈ $53.39 Billion USD

SAIC Motor Corp Ltd net assets. Based on the latest financial reports, SAIC Motor Corp Ltd (600104) has net assets worth CN¥364.84 Billion CNY (≈ $53.39 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥937.95 Billion ≈ $137.25 Billion USD) and total liabilities (CN¥573.11 Billion ≈ $83.86 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore 600104 shareholders equity momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥364.84 Billion
% of Total Assets	38.9%
Annual Growth Rate	23.24%
5-Year Change	9.9%
10-Year Change	53.68%
Growth Volatility	73.41

Net Assets of SAIC Motor Corp Ltd (1994–2025)

Net assets of SAIC Motor Corp Ltd from 1994 to 2025. This chart illustrates how SAIC Motor Corp Ltd's net assets have evolved over time, based on quarterly financial data. See SAIC Motor Corp Ltd balance sheet independence to measure how much of total assets are equity-financed.

Annual Net Assets for SAIC Motor Corp Ltd (1994–2025)

The table below shows the annual net assets of SAIC Motor Corp Ltd from 1994 to 2025. For live market cap and overall valuation, see how much is SAIC Motor Corp Ltd worth.

Year	Net Assets	Change
2025-12-31	CN¥361.31 Billion ≈ $52.87 Billion	+4.20%
2024-12-31	CN¥346.73 Billion ≈ $50.74 Billion	+1.12%
2023-12-31	CN¥342.91 Billion ≈ $50.18 Billion	+1.96%
2022-12-31	CN¥336.30 Billion ≈ $49.21 Billion	+2.29%
2021-12-31	CN¥328.77 Billion ≈ $48.11 Billion	+6.04%
2020-12-31	CN¥310.04 Billion ≈ $45.37 Billion	+3.06%
2019-12-31	CN¥300.84 Billion ≈ $44.02 Billion	+5.66%
2018-12-31	CN¥284.72 Billion ≈ $41.66 Billion	+4.64%
2017-12-31	CN¥272.11 Billion ≈ $39.82 Billion	+15.74%
2016-12-31	CN¥235.10 Billion ≈ $34.40 Billion	+11.46%
2015-12-31	CN¥210.92 Billion ≈ $30.86 Billion	+14.01%
2014-12-31	CN¥185.00 Billion ≈ $27.07 Billion	+14.39%
2013-12-31	CN¥161.73 Billion ≈ $23.67 Billion	+11.53%
2012-12-31	CN¥145.01 Billion ≈ $21.22 Billion	+8.93%
2011-12-31	CN¥133.12 Billion ≈ $19.48 Billion	+62.84%
2010-12-31	CN¥81.75 Billion ≈ $11.96 Billion	+74.81%
2009-12-31	CN¥46.76 Billion ≈ $6.84 Billion	+21.35%
2008-12-31	CN¥38.54 Billion ≈ $5.64 Billion	-10.39%
2007-12-31	CN¥43.01 Billion ≈ $6.29 Billion	+16.23%
2006-12-31	CN¥37.00 Billion ≈ $5.41 Billion	+215.32%
2005-12-31	CN¥11.73 Billion ≈ $1.72 Billion	+2.34%
2004-12-31	CN¥11.47 Billion ≈ $1.68 Billion	+16.30%
2003-12-31	CN¥9.86 Billion ≈ $1.44 Billion	+19.00%
2002-12-31	CN¥8.29 Billion ≈ $1.21 Billion	+1.79%
2001-12-31	CN¥8.14 Billion ≈ $1.19 Billion	+69.29%
2000-12-31	CN¥4.81 Billion ≈ $703.56 Million	+17.83%
1999-12-31	CN¥4.08 Billion ≈ $597.11 Million	+1.53%
1998-12-31	CN¥4.02 Billion ≈ $588.12 Million	+21.30%
1997-12-31	CN¥3.31 Billion ≈ $484.86 Million	+369.97%
1996-12-31	CN¥705.03 Million ≈ $103.17 Million	+13.91%
1995-12-31	CN¥618.94 Million ≈ $90.57 Million	+11.38%
1994-12-31	CN¥555.68 Million ≈ $81.31 Million	--

Equity Component Analysis

This analysis shows how different components contribute to SAIC Motor Corp Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 17398760912718.0% over the analyzed period, indicating profitable operations and earnings retention.

SAIC Motor Corp Ltd Net Assets Breakdown (December 2025)

SAIC Motor Corp Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	CN¥173.99 Billion	58.23%
Other Components	CN¥124.82 Billion	41.77%
Total Equity	CN¥298.81 Billion	100.00%

SAIC Motor Corp Ltd Competitors by Market Cap

The table below lists competitors of SAIC Motor Corp Ltd ranked by their market capitalization.

Company	Market Cap
Western Midstream Partners LP NYSE:WES	$18.13 Billion
Bank of Beijing Co Ltd SHG:601169	$18.13 Billion
Banco do Brasil S.A. SA:BBAS3	$18.13 Billion
Amerize Inc. SW:AMRZ	$18.14 Billion
WOLTERS KLUWER ADR EO-12 F:WOS	$18.07 Billion
Zhejiang Sanhua Co Ltd SHE:002050	$18.03 Billion
Api Group Corp NYSE:APG	$18.03 Billion
Suncorp Group Ltd AU:SUNPH	$18.01 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in SAIC Motor Corp Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 287,840,095,000 to 298,812,278,173, a change of 10,972,183,173 (3.8%).
Net income of 10,105,800,270 contributed positively to equity growth.
Dividend payments of 4,038,890,566 reduced retained earnings.
Other comprehensive income decreased equity by 61,070,341,000.
Other factors increased equity by 65,975,614,469.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥10.11 Billion	+3.38%
Dividends Paid	CN¥4.04 Billion	-1.35%
Other Comprehensive Income	CN¥-61.07 Billion	-20.44%
Other Changes	CN¥65.98 Billion	+22.08%
Total Change	CN¥-	3.81%

Book Value vs Market Value Analysis

This analysis compares SAIC Motor Corp Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.41x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 97.88x to 0.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1994-12-31	CN¥0.11	CN¥10.77	x
1995-12-31	CN¥0.12	CN¥10.77	x
1996-12-31	CN¥0.14	CN¥10.77	x
1997-12-31	CN¥0.66	CN¥10.77	x
1998-12-31	CN¥0.81	CN¥10.77	x
1999-12-31	CN¥0.82	CN¥10.77	x
2000-12-31	CN¥0.97	CN¥10.77	x
2001-12-31	CN¥1.64	CN¥10.77	x
2002-12-31	CN¥0.97	CN¥10.77	x
2003-12-31	CN¥1.15	CN¥10.77	x
2004-12-31	CN¥1.34	CN¥10.77	x
2005-12-31	CN¥1.37	CN¥10.77	x
2006-12-31	CN¥3.72	CN¥10.77	x
2007-12-31	CN¥4.37	CN¥10.77	x
2008-12-31	CN¥4.06	CN¥10.77	x
2009-12-31	CN¥4.99	CN¥10.77	x
2010-12-31	CN¥6.42	CN¥10.77	x
2011-12-31	CN¥9.28	CN¥10.77	x
2012-12-31	CN¥11.09	CN¥10.77	x
2013-12-31	CN¥12.50	CN¥10.77	x
2014-12-31	CN¥14.30	CN¥10.77	x
2015-12-31	CN¥15.88	CN¥10.77	x
2016-12-31	CN¥17.41	CN¥10.77	x
2017-12-31	CN¥19.38	CN¥10.77	x
2018-12-31	CN¥20.06	CN¥10.77	x
2019-12-31	CN¥21.37	CN¥10.77	x
2020-12-31	CN¥22.30	CN¥10.77	x
2021-12-31	CN¥23.66	CN¥10.77	x
2022-12-31	CN¥24.25	CN¥10.77	x
2023-12-31	CN¥24.88	CN¥10.77	x
2024-12-31	CN¥25.24	CN¥10.77	x
2025-12-31	CN¥25.99	CN¥10.77	x

Capital Efficiency Dashboard

This dashboard shows how efficiently SAIC Motor Corp Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 3.38%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.54%
• Asset Turnover: 0.68x
• Equity Multiplier: 3.21x
Recent ROE (3.38%) is below the historical average (16.29%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1994	43.66%	27.89%	0.60x	2.60x	CN¥183.91 Million
1995	52.53%	24.32%	0.86x	2.52x	CN¥259.58 Million
1996	61.75%	27.34%	0.92x	2.46x	CN¥360.23 Million
1997	14.32%	26.64%	0.44x	1.23x	CN¥142.49 Million
1998	17.53%	36.27%	0.40x	1.21x	CN¥301.64 Million
1999	17.62%	29.46%	0.40x	1.49x	CN¥310.19 Million
2000	15.48%	29.77%	0.37x	1.42x	CN¥262.67 Million
2001	9.68%	21.25%	0.37x	1.24x	CN¥-25.77 Million
2002	12.94%	22.44%	0.45x	1.29x	CN¥242.91 Million
2003	15.48%	22.01%	0.57x	1.23x	CN¥537.08 Million
2004	17.38%	26.41%	0.54x	1.23x	CN¥840.15 Million
2005	9.48%	17.29%	0.44x	1.25x	CN¥-60.91 Million
2006	4.50%	4.67%	0.35x	2.73x	CN¥-1.74 Billion
2007	12.40%	4.43%	1.03x	2.72x	CN¥896.20 Million
2008	1.89%	0.62%	0.98x	3.11x	CN¥-2.81 Billion
2009	15.52%	4.71%	1.01x	3.25x	CN¥2.35 Billion
2010	20.75%	4.38%	1.37x	3.46x	CN¥7.11 Billion
2011	19.76%	4.65%	1.36x	3.11x	CN¥9.99 Billion
2012	16.96%	4.31%	1.52x	2.59x	CN¥8.52 Billion
2013	18.01%	4.38%	1.51x	2.71x	CN¥11.03 Billion
2014	17.74%	4.44%	1.52x	2.63x	CN¥12.21 Billion
2015	17.01%	4.44%	1.31x	2.92x	CN¥12.28 Billion
2016	16.68%	4.23%	1.28x	3.08x	CN¥12.81 Billion
2017	15.27%	3.95%	1.20x	3.21x	CN¥11.88 Billion
2018	15.36%	3.99%	1.15x	3.34x	CN¥12.57 Billion
2019	10.25%	3.04%	0.99x	3.40x	CN¥633.18 Million
2020	7.85%	2.75%	0.81x	3.53x	CN¥-5.58 Billion
2021	8.96%	3.15%	0.85x	3.35x	CN¥-2.84 Billion
2022	5.77%	2.17%	0.75x	3.55x	CN¥-11.81 Billion
2023	4.93%	1.89%	0.74x	3.52x	CN¥-14.53 Billion
2024	0.58%	0.27%	0.66x	3.33x	CN¥-27.12 Billion
2025	3.38%	1.54%	0.68x	3.21x	CN¥-19.78 Billion

Industry Comparison

This section compares SAIC Motor Corp Ltd's net assets metrics with peer companies in the Auto Manufacturers industry.

Industry Context

Industry: Auto Manufacturers
Average net assets among peers: $26,483,422,494
Average return on equity (ROE) among peers: 12.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
SAIC Motor Corp Ltd (600104)	CN¥364.84 Billion	43.66%	1.57x	$18.12 Billion
Weichai Power Co Ltd Class A (000338)	$31.40 Billion	9.53%	1.11x	$18.97 Billion
Jiangling Motors Corp Ltd (000550)	$2.99 Billion	16.56%	0.56x	$1.25 Billion
Haima Automobile Group Co Ltd (000572)	$9.72 Billion	2.19%	0.66x	$770.12 Million
Chongqing Changan Automobile Co Ltd (000625)	$43.35 Billion	23.72%	1.46x	$8.62 Billion
Anhui Ankai Automobile Co Ltd (000868)	$94.06 Million	38.51%	2.01x	$456.44 Million
Kunming Yunnei Power Co Ltd (000903)	$3.54 Billion	4.55%	0.82x	$455.84 Million
Zhejiang Qianjiang Motorcycle Co Ltd (000913)	$217.30 Million	23.56%	1.47x	$882.77 Million
Zotye Automobile Co Ltd (000980)	$17.58 Billion	4.55%	0.85x	$1.19 Billion
Yinyi Real Estate Co Ltd (000981)	$5.48 Billion	-17.69%	2.27x	$3.17 Billion
BYD Co Ltd Class A (002594)	$150.46 Billion	19.97%	3.52x	$67.55 Billion

About SAIC Motor Corp Ltd

SHG:600104 China Auto Manufacturers

Market Cap

$18.12 Billion

CN¥123.80 Billion CNY

Market Cap Rank

#1369 Global

#93 in China

Share Price

CN¥10.77

Change (1 day)

+1.80%

52-Week Range

CN¥9.73 - CN¥16.08

All Time High

CN¥29.01