Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. According to CTOnews.com news on August 30, Great Wall Motor today released its semi-annual report for 2023, with operating income of 69.971 billion yuan in the first half of the year, an increase of 12.61 percent over the same period last year. Net profit belonging to shareholders of the parent company was 1.361 billion yuan, down 75.69 percent from the same period last year.

Great Wall said that the decrease in net profit attributed to shareholders of the parent company was mainly due to the deepening of the company's transformation to new energy and intelligence, product restructuring, increased investment in brand and channel construction based on the launch of new products in 2023, while persisting in R & D investment in new energy and intelligence, as well as reduced exchange rate gains.

According to another table, Great Wall's sales expenses rose 46.8% in the first half of 2023 compared with the same period a year earlier, which officials said was due to increased efforts to launch new energy models during the reporting period.

In terms of car sales, Great Wall Automobile Group owns five major brands: Harvard, Wei Brand, Euler, Great Wall pickup trucks and tanks; its products mainly cover three major categories: SUV, cars and pick-up trucks, including traditional power models and new energy models such as plug-in hybrid and pure electric vehicles.

CTOnews.com found from the financial report that Great Wall sold 518796 vehicles in the first half of 2023; new energy models sold 89555, up 49.34 percent from the same period last year; and overseas sales of 123294 vehicles, up 80.22 percent from the same period last year, a record high.

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