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

Thanks to CTOnews.com netizens for the delivery of the clues of Xichang and Xiao Zhan-cut! CTOnews.com, Oct. 27, according to the Hong Kong Stock Exchange, Great Wall Motor Co., Ltd. today released its third quarter report for 2023.

According to the data, the net profit attributed to shareholders of listed companies in the quarter was about 3.634 billion yuan, an increase of 41.94 per cent year-on-year, while the cumulative net profit in the first three quarters was about 4.995 billion yuan, down 38.79 per cent from a year earlier.

In terms of revenue, the total revenue of Great Wall Motor in this quarter was about 49.532 billion yuan, an increase of 32.63% over the same period last year. In the first three quarters, the operating income was about 119.504 billion yuan, an increase of 20.13% over the same period last year.

According to reports, the decrease in net profit in the first three quarters is due to the deepening transformation of Great Wall Motor to new energy, intelligence, and globalization, and the continuous optimization and adjustment of product structure, but it is caused by the listing of new cars, investment in brand channel construction, and persistence in R & D investment in the field of new energy and intelligence. At the same time, Great Wall's profitability and sales "continued to improve" in all quarters of the year.

CTOnews.com previously reported that according to production and sales figures released earlier this month, Great Wall sold 121600 vehicles in September, up 29.89 per cent from a year earlier, and production was 137870, up 33.49 per cent from a year earlier. Sales in the first nine months of this year were 864000, up 7.69 per cent from a year earlier. The cumulative output this year reached 896300 units, an increase of 9.15% over the same period last year.

Not long ago, during the 2023 iFLYTEK Global 1024 developers' Day, Great Wall Automobile and iFLYTEK signed a strategic cooperation agreement on industrial large model and knowledge brain. The two sides will build the industry's first knowledge big model, "Great Wall Automobile knowledge brain", based on iFLYTEK Spark Cognitive Big Model V3.0.

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