Operating Income Exceeded 40 Billion Yuan, Great Wall Motors Released Interim Results Forecast


On July 19, Great Wall Motors (GWM) released its 2019 interim results forecast. According to the preview, Great Wall Motor’s total operating income for the 2019 period was approximately RMB 41.38 billion, and the net profit attributable to shareholders of the listed company was approximately RMB 1.53 billion.


According to statistics from the China Automobile Association, China car sales in the first half of this year fell by 12.4% year-on-year, of which Chinese auto brands fell 21.7% year-on-year, and the market share fell below the 40% red line. However, in the first half of this year, GWM sold a total of 494,000 new vehicles, an increase of 4.7% year-on-year, and the growth rate exceeded the industry average growth rate. In addition to the steady increase in overall sales, GWM’s Haval, WEY, ORA and pickup trucks achieved 353,000, 47,000, 27,000 and 65,000, respectively, occupying a good market share in various segments.

GWM said that 2019 is the key year for GWM to launch its global market. In the next five years, GWM will invest more than 30 billion yuan in research and development to ensure its products and competitiveness in the field of automobiles.