The Shanghai Stock Exchange recently announced an adjustment to the constituent stocks of several indices, including the SSE 50, SSE 180, SSE 380, and STAR 50. These changes will take effect after the market close on June 12, 2026. The SSE 50 Index will replace five constituents, the SSE 180 Index will replace seventeen, the SSE 380 Index will replace thirty-eight, and the STAR 50 Index will replace four.
Among the changes, Saic Motor Corporation Limited is one of the five companies being removed from the SSE 50 Index.
Saic Motor Corporation Limited's primary business encompasses vehicle manufacturing, auto parts, mobility services, financial services, international operations, and innovative technology. Its main products and services are derived from its vehicle business, parts business, services and other operations, and financial business.
Production and sales data for April 2026 shows that Saic Motor's vehicle sales for the month were 328,800 units, a decrease of 12.66% year-over-year. This figure is nearly 50,000 units lower than the 376,500 units sold in the same period last year. Cumulative sales for the January to April period totaled 1.302 million vehicles, representing a 1.5% decline compared to the previous year.
On April 30, Saic Motor released its first-quarter 2026 financial report. The company reported operating revenue of 140.418 billion yuan, a slight decrease of 0.31% year-over-year. Net profit attributable to shareholders was 3.026 billion yuan, showing a marginal increase of 0.09%.
In the secondary market, the company's stock price has been on a downward trend over the past two months. From a recent high of 14.84 yuan per share on April 1, the share price fell to 12.32 yuan per share by May 29, a decline of nearly 17%.
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