Great Wall Motors July 10, 2024, 10:21 PM Beijing
Great Wall Motors Co., Ltd. (stock codes: 601633.SH, 02333.HK, 82333.HK) announced its performance forecast for the first half of 2024. The company expects a net profit attributable to shareholders of the parent company to reach between 6.5 billion to 7.3 billion yuan, a year-on-year increase of 377.49% to 436.26%. The net profit after deducting non-recurring expenses is estimated to be between 5 billion to 6 billion yuan, a year-on-year increase of 567.13% to 700.56%.
In the first half of 2024, Great Wall Motors sold a total of 559,669 new vehicles, an increase of 7.79% year-on-year. Among them, 132,374 were new energy models, up 41.99%, and overseas sales reached 201,500 units, up 62.59%. Sales of models priced above 200,000 yuan reached 140,533 units, up 64.28%.
Great Wall Motors has increased its investment in research and development, introducing the new generation intelligent driving system “Coffee Pilot Ultra” and the intelligent space system “Coffee OS 3”. This move continues to stimulate new productivity in globalization.
Looking ahead, Great Wall Motors aims to maintain a smart new energy route, strengthen its advantage in the off-road market, and accelerate the globalization process.
Great Wall Motors’ Performance Forecast for First Half of 2024 (July 10, 2024)
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