Summary by Futu AI
Great Wall Motor announced its 2024 annual performance report, with revenue reaching 202.2 billion yuan, an increase of 16.73% year-on-year; net profit recorded at 12.69 billion yuan, a significant increase of 80.76% year-on-year. The gross margin improved by 1.36 percentage points to 19.51% year-on-year. The total sales volume for the year reached 1.23 million vehicles, an increase of 0.37% year-on-year, of which overseas sales reached 0.4541 million vehicles, an increase of 44.61% year-on-year; sales of New energy vehicles reached 0.3222 million vehicles, an increase of 25.65% year-on-year.The company continues to increase its R&D investment, with total R&D expenditure for the year reaching 9.28 billion yuan, accounting for 27.45% of personnel. The company has established production bases in Thailand, Brazil, and...Show More
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