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

According to CTOnews.com news on November 6, Great Wall Motor announced in the evening that KuaiBao produced and sold in October, producing a total of 139248 cars in October, an increase of 32.97 percent over the same period last year, and a total of 131308 vehicles sold in October, an increase of 31.04 percent over the same period last year. Overseas sales of 35350 units in October, with a cumulative sales of 247046 units from January to October. New energy vehicles sold 30551 units in October, with a cumulative sales of 200897 units from January to October.

On October 28, Great Wall Motor released its third quarter report of 2023. In the first three quarters, Great Wall Motor realized operating income of 119.504 billion yuan, an increase of 20.13% over the same period last year. In the same period, it achieved a net profit of 4.995 billion yuan, but significantly decreased by 38.79% compared with the same period last year. Deducting non-homed net profit was 3.807 billion yuan, down 12.27% from the same period last year.

CTOnews.com noted that Great Wall initially set a sales target of 2.8 million vehicles in 2023, and then announced in the announcement on adjusting the performance Evaluation targets of the 2021 restricted Stock incentive Plan and the 2021 Stock option incentive Plan to achieve the company's 2023 performance target from "sales of no less than 2.8 million vehicles and net profit of no less than 11.5 billion yuan". Updated to "2023 sales of not less than 1.6 million vehicles, net profit of not less than 6 billion yuan" The downward adjustments were 42.86% and 47.83%, respectively.

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