Great Wall Motor Expects Substantial Profit Surge

Great Wall Motor Co (HK:2333) has released an update.

Great Wall Motor Co. projects a staggering year-on-year net profit increase of 377.49% to 436.26% for the first half of 2024, with expectations to reach a net profit between RMB 6,500 million to RMB 7,300 million. After adjustments for non-recurring gains or losses, the net profit is still anticipated to soar by 567.13% to 700.56%, achieving between RMB 5,000 million to RMB 6,000 million. This financial surge is attributed to the company’s high-quality development strategy, successful expansion in overseas markets, and optimized domestic product offerings.

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