Glonghui, June 3 | According to a UBS research report, Great Wall Motor's export volume and profit reached record highs last year, reflecting the company's clear transformation strategy. Looking ahead, the bank expects exports to maintain rapid growth and account for more than 50% of gross profit over the next three years. In the field of off-road vehicles, Great Wall Motor's long-standing expertise in technology, customers, channels and brands has made it the largest share in this category and will continue to benefit from the growing off-road vehicle market in the mainland. The bank raised the company's earnings per share forecast for 2024 to 2026 by 22% to 33%. The bank believes that investors are paying too much attention to the price war in the mainland automobile market, ignoring the continued upward surprise brought about by Great Wall Motor exports and the strong growth momentum of the mainland off-road vehicle market. The bank raised the company's target price from HK$14 to HK$17, maintaining a “buy” rating.