SAIC AGM

    Share
    avatar
    Windy
    Admin

    Number of posts : 3322
    Points : 4244
    Reputation : 165
    Registration date : 2009-02-02

    SAIC AGM

    Post by Windy on Fri May 31, 2013 3:45 am

    Reading this you could forget that the majority of SAIC vehicles are still produced by the joint ventures!


    SAIC own brand passenger car sales target this year 240,000



    SAIC (600104) chairman Hu Maoyuan the 30th Annual General Meeting in 2012, said this year the company's own brand passenger car sales target is 240,000, is expected to achieve profitability.

    Last year, SAIC vehicle sales reached 4.49 million, in 2013, SAIC will increase to 4.9 million this goal, expected revenues 490 billion yuan, 427 billion yuan operating costs. SAIC believes that this year's consumption and investment contribution to the economy is expected to further increase, GDP growth is expected to be 7.5%, stabilize the domestic economy is conducive to the overall development of the automobile market this year.

    Last year, SAIC own brand passenger cars sales 200,000. Hu Maoyuan said the company's own brand passenger breakeven point in the 230,000 or so, the company targets to sell 240,000 this year, is expected to achieve profitability. SAIC president Chen Hong is further said that the company's own car brand positioning in the high-end market, which is a joint venture brand with a highly competitive market, SAIC not only to pursue the expansion of the scale, more important is the establishment of core development capabilities. It is understood that this year, 240,000 own-brand passenger cars will account for 160,000 Roewe, MG accounted for 80,000, MG exports exceeded 10,000 fight.

    Chen Hong believes that by 2025, the domestic vehicle ownership will be more than 200 million, the amount will be updated annually about 20 million, so the Chinese automobile market is still the world's largest rigid demand market, the industry outlook remains promising.

    New energy vehicle industry is a worldwide problem, the key technical problems in the battery problem. In this regard, said Chen Hong, in the long run, car driving toward electrification is the development trend of new energy vehicles have the first commercial model must be hybrids. Last year, SAIC Roewe 750 hybrid in government procurement is about 500, this year, the Roewe 550 plug-strong hybrid models by the end of this year will also be available in production quantities.

    According to Chen Hong introduction, the pure electric car sales are now mainly rely on state subsidies, but pure electric vehicle technology capabilities are SAIC must have. Meanwhile, the pure electric and hybrid vehicles is technically a very high correlation.

    The first quarter of this year, SAIC Roewe E50 pure electric car sales 280, net of subsidies 94,000 yuan, the prices of the current 12.8 million. As Shanghai pure electric car license as a free relative Shanghai brand currently 80,000 ~ 90,000 at auction, E50 has a certain appeal.

    Chen Hong said that at present some car rental companies are actively working with SAIC approached are interested in E50 for the car rental industry. Because rental cars to government licensing is credit, and pure electric plates currently only issued to individuals, not the company's open, SAIC is working with government departments to communicate, communicate more smoothly now, is expected to soon have the relevant policies.

    Turning to mergers and acquisitions and international cooperation, Hu Maoyuan said that SAIC's goal is clear, the integration will not only confined to the country, but from an international point of view and is not confined to the domestic market for 20 million annually, but stood 70 million worldwide perspective to think. Hu Maoyuan said that sometimes people do not necessarily want to "eat", can be a strategic partnership can also collaborate on the project. But Hu Mao admitted that the current capacity of domestic enterprises are still short board, independent research and development capacity needs to be further breakthroughs.

    Hu Maoyuan said, NAC into the Yangtze River Delta SAIC SAIC after linkage layout plays an important role, NAC had 500,000 at the time the market, SAIC completed sales target is a good supplement. Meanwhile, MG brand from the time the target is less than 10,000 to 80,000 this year sprint. Hu Maoyuan with "stamina is still enough" to describe the development of Nanjing Automobile Group. He said that we are doing in Nanjing "four", namely 10 billion investment, one million, one hundred billion sales revenue, a parts production base.
    Source: http://finance.qianlong.com/30055/2013/05/31/2530%408716121.htm


    SAIC shares hard up Maoyuan said because "Missing Story"


    At 14:00 on May 30th, SAIC (600104.SH) 2012 Annual General Meeting was held at the Training Center of SAIC, will live to shareholders a total of 59 people, not including the leaders of other agency personnel.

    In the beginning of the meeting, a minority shareholder of SAIC SAIC chairman Lui on Hu Maoyuan to ask tough question: "Why is not the SAIC shares rose? But earnings ratio is only 7, and now SAIC's results do not match."



    Hu Maoyuan have also said: "I come to the meeting on the road have been thinking about this issue, we also attach great importance to this board. Arguably our performance is the best of the automotive industry, the market share is the highest, but why price that does not go up too? I think this is because we are now missing the story. "Hu Mao this, said:" We operate in the capital market is not management can influence, we also know that the capital market is a storyteller of the market, so the next We will begin to tell stories. "

    Hu Maoyuan said at the meeting: "We are developing 2030 SAIC strategic development plan, strive completed during the year, through the development of strategies targeting the four sections listed company vehicle, parts, auto finance and development to further improve the service trade. "

    For more speculation on the market more fire Tesla, SAIC Vice Chairman Chen Hong holds cautious: "We are also striving to develop electric cars, and we also believe that the electric car is the future direction of development of the automotive industry, but now Tesla can not be considered to subvert the old industrial chain, is still only at the stage of greater risk. "

    But the shareholders complained: "I am uphold the concept of value investing buy SAIC, but SAIC's performance is not satisfactory. Automobile stocks rose you do not rise, Tesla Quotes You do not rise up, which is really is very depressed. "

    Hu Maoyuan said this: "I can tell you that we are worthy of value investing. Last year we brought a third of profit distribution, is higher than the bank interest From this point of speaking, we have investment value."

    2012 SAIC net profit reached 20.7 billion, an increase of 2.62% in 2012 profit distribution plan to implement 10 shares 6 yuan (including tax), total payment of 6.615 billion, while in 2011 this figure was only 3.307 billion allocated bonus an increase of 100%.

    UBS Securities analyst, said this: "Because SAIC is now the body is too big, the market continued to grow sales and profits for its existence concerns."

    Meanwhile, Chen Hong also gave a presentation on SAIC's performance, and expressed in 2013 will continue to strengthen its own brand-building and development.

    Mr. Lu also said that SAIC shareholders still are foreign brands, the brand is still weak.

    Chen Hong said this: "We are indeed relatively strong joint, but also to learn from others strengths in order to better develop their own brands in recent years, we insist on the development and production of its own brand, and now the breakeven point at 230,000, Last year sales of 200,000, a loss this year, targets 240,000, profitable, and we own brands and other low-end positioning of different domestic cars, we go high-end line, the average price in 110,000 or more, the sales It is not easy. "

    For now the market stir Tesla, Chen Hong cautious.

    It said: "We in 2007, in 2008, when an inspection tour to the United States of new energy-related enterprises, of which 80% are now a failure. Tesla is indeed a miracle, his success lies in a very small cut into thin sub-market, specifically for the U.S. very rich and environmentally conscious group of people, but for now, or risk investment, but also not enough to overturn the traditional automotive industry. "

    However, Chen Hong also agree that electric cars will be the development direction of the automotive industry after: "We are now pure electric and hybrid vehicles are tightly with both hands, the two also have technical relevance, can better mutual promotion and common development . "

    SAIC officially released in the recent development of new energy technology roadmap: targeting the trend of automobile driving power, focused on accelerating the hybrid and electric vehicle industry, while promoting the development and upgrading of fuel cell vehicles and demonstration run.
    Source: http://finance.stockstar.com/MT2013053100000468.shtml

    avatar
    patpending

    Number of posts : 3005
    Points : 3948
    Reputation : 53
    Registration date : 2009-02-05
    Location : Surrey

    Re: SAIC AGM

    Post by patpending on Fri May 31, 2013 12:18 pm

    Are the references to "Tesla" all specifically to the US company of that name?
    avatar
    Windy
    Admin

    Number of posts : 3322
    Points : 4244
    Reputation : 165
    Registration date : 2009-02-02

    Re: SAIC AGM

    Post by Windy on Fri May 31, 2013 2:22 pm

    patpending wrote:Are the references to "Tesla" all specifically to the US company of that name?
    特斯拉 = Electric Lotus

    I think so, the words surrounding them may not be translated very well but I can't see any other sensible translation for Tesla.


    Sponsored content

    Re: SAIC AGM

    Post by Sponsored content


      Current date/time is Tue Jun 27, 2017 10:32 pm