The biggest automaker in the world’s biggest car market looks to be on a tear. Yesterday, SAIC Motor, which holds a fifth of the Chinese auto market, said that net income for 2011 will have jumped more than 40 per cent to almost Rmb20bn. Unit sales picked up by almost a sixth last year, against a 5 per cent rise in the wider Chinese market. Not bad in a country where car sales were 14m in 2011. Yet investors were not impressed. Its stock price fell 3 per cent, admittedly after a 9 per cent gain in January.
世界最大汽車市場上的最大汽車製造商——上汽集團(SAIC Motor)似乎正在取得接連不斷的成功。昨日，佔有中國汽車市場五分之一份額的上汽表示，預計2011年公司淨利潤成長了40%以上，達到約200億元人民幣，整車銷量成長了約六分之一（整個中國市場的整車銷量只成長了5%）。在一個2011年汽車總銷量爲1400萬輛的國家，能取得這樣的業績已經很不錯了。但投資者們卻並不滿意。昨日，上汽股價下跌了3%——儘管它在今年1月截至財報發佈前一天的日子裏累計上漲了9%。
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