Which automaker makes the most money? SAIC is the leader, while Geely has an incredible profit margin

Recently, the 2018 Fortune China 500 list was officially released. There are 24 auto-related companies on the list, with a total operating income of 2.2 trillion yuan and a net profit of 113.492 billion yuan. Among these auto companies, which one is the most profitable?

SAIC is undoubtedly the biggest automaker. With a revenue of 870.639 billion yuan, SAIC Motor ranked among the top ten and ranked fifth in the Fortune 500 list. Its profit in the previous period was as high as 34.41 billion yuan, more than 20 billion yuan higher than the second-place Dongfeng Group. SAIC Motor's sales in 2017 reached 6.93 million vehicles, a year-on-year increase of 6.8% over 2016.

The 10 most profitable companies in the automotive field are: SAIC Group, Weichai Power, BAIC Group, Dongfeng Motor, BYD, Great Wall Motor, Geely Automobile, Changan Automobile, GAC Group, and China National Heavy Duty Truck Group (Hong Kong).

Among them, the operating income and profit level of state-owned enterprises are significantly higher than those of private enterprises. The advantages of size, the inclination of national policies and the support of joint venture brands have made state-owned enterprises very profitable.

Geely Auto performed well among private enterprises. Although BYD and Great Wall had higher revenue, Geely's profit was much higher than the other two, with a total profit of more than 10 billion yuan, ranking fourth after SAIC, Dongfeng and GAC. Geely Auto Group's cumulative sales in 2017 reached 1,247,116 vehicles, a year-on-year increase of 63%.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.