Great Wall Motor Limited (GWMOTOR) announced its unaudited interim performance for the period ended June 30, 2024 on August 29, 2024. The report shows that the company's revenue increased by 30.67% compared to the same period last year, reaching 91.43 billion RMB. Net profit attributable to shareholders increased significantly by 419.99% to 7.08 billion RMB. The operating activities generated positive cash flow of 9.41 billion RMB. Both basic and diluted earnings per share were 0.83 RMB, an increase of 418.75%. The gross margin increased by 3.89 percentage points, while the proportion of selling expenses and administrative expenses to revenue decreased by 0.49 and 0.77 percentage points, respectively. The board of directors has decided to defer consideration of the interim dividend proposal for the period ended June 30, 2024. The total amount of the Group's...Show More

Great Wall Motor Limited (GWMOTOR) announced its unaudited interim performance for the period ended June 30, 2024 on August 29, 2024. The report shows that the company's revenue increased by 30.67% compared to the same period last year, reaching 91.43 billion RMB. Net profit attributable to shareholders increased significantly by 419.99% to 7.08 billion RMB. The operating activities generated positive cash flow of 9.41 billion RMB. Both basic and diluted earnings per share were 0.83 RMB, an increase of 418.75%. The gross margin increased by 3.89 percentage points, while the proportion of selling expenses and administrative expenses to revenue decreased by 0.49 and 0.77 percentage points, respectively. The board of directors has decided to defer consideration of the interim dividend proposal for the period ended June 30, 2024. The total amount of the Group's equity investment in subsidiaries is 0.42877 billion RMB. The company has complied with all the provisions of the Code of Corporate Governance set out in Appendix C1 of the Hong Kong Listing Rules. There were no significant events after the reporting period. The company has repurchased A-shares and completed the cancellation of shares with China Securities Depository and Clearing Corporation Limited, Shanghai Branch. Faced with risks such as economic transformation, uncertainty in international trade, and intense competition in the automobile industry, the company manages risks through strategies such as focusing on high-quality manufacturing, optimizing product structure, and increasing investment in research and development of new energy and intelligent driving technologies.