Great Wall Motor Co Class H ( (GWLLF) ) has released its Q4 earnings. Here is a breakdown of the information Great Wall Motor Co Class H presented to its investors.
Great Wall Motor Co., a leading Chinese automotive manufacturer, specializes in the production of SUVs, pickup trucks, and new energy vehicles, with a strong focus on intelligent vehicle technology and global market expansion. The company’s latest earnings report for 2024 highlights a robust financial performance with a net profit of RMB 12.692 billion, marking an 80.76% increase from the previous year. The total operating revenue reached RMB 202.195 billion, up 16.73% year-on-year, driven by significant growth in both domestic and international markets. Key financial metrics indicate a substantial increase in net profit attributable to shareholders, which rose by 80.76% to RMB 12.692 billion, and a gross profit margin improvement to 19.51%. The company also reported a 44.61% increase in overseas sales, reflecting its successful globalization strategy. Looking ahead, Great Wall Motor plans to accelerate its intelligent strategy and new energy vehicle initiatives, aiming to enhance its market presence and continue delivering high-quality products and services globally.