The Zhitong Finance App learned that Credit Suisse released a research report saying that maintaining Great Wall Motor (02333)'s “outperform the market” rating will increase this year's earnings forecast per share by 19.7%, but it will lower its earnings forecast for the next year by 23.9%/36.6% respectively to reflect lower sales assumptions. The target price will be reduced by 50% from HK$20 to HK$10. The company's quarterly results were better than expected, and gross margin reached a record high, which was a major surprise. The bank maintained its rating mainly because it grew well in the medium term after the new product structure debuted, believing it would speed up its low-cost new product launch plan.