AutoBeta(AutoBeta.net)01/25 Report--

Great Wall Motor released its annual results on January 25, KuaiBao showed that the total revenue of Great Wall Motor in 2020 was 103.283 billion yuan, up 7.35 percent from the same period last year, and the net profit belonging to shareholders of listed companies was 5.392 billion yuan, up 19.90 percent from the same period last year.

Great Wall Motor said in the announcement that the increase in net profit compared with the same period last year was mainly due to the increase in vehicle sales and gross profit, and the new platforms and models launched in 2020 were very popular in the market. promote sales and performance in technology research and development, brand marketing construction and other aspects.

At the beginning of this year, a sudden epidemic threw the entire car market into chaos, and production and sales were affected to varying degrees. Great Wall Motor was forced to lower its sales target to 1.02 million vehicles from the previous 1.11 million vehicles, and its net profit was reduced to 4.05 billion yuan from the previous 4.7 billion yuan, becoming the first car company in China to adjust its sales and performance targets. According to the financial report, the total revenue of Great Wall Motor in the first half of 2020 was 35.929 billion yuan, down 13.17% from the same period last year, while the net profit belonging to shareholders of listed companies was 1.153 billion yuan, down 24.02% from the same period last year.

After entering the second half of the year, thanks to the recovery of the market after the epidemic, the policies of relevant departments and regions to stimulate the automobile market, and the launch and renovation of Great Wall's brands and products, the losses caused in the first half of the year were finally recovered in the second half of the year. According to the financial report, the total revenue of Great Wall Motor in the third quarter was 26.21 billion yuan, up 23.6% from the same period last year, while the net profit attributed to the parent company was 1.44 billion yuan, up 2.9% from the same period last year. As for the fourth-quarter performance, Great Wall did not disclose.

It is the introduction of new products that is still driving Great Wall's growth throughout the year. The development of Great Wall Motors in 2020 is indeed different. It has launched a number of novel products through different naming methods, including the Haver Dog, Euler good Cat, Euler Black Cat, Tank 300 and other models, as well as the rejuvenation of its products, such as the third generation Harvard H6.

According to the data, the cumulative sales of Great Wall cars in 2020 was 1.1116 million, up 4.84 per cent from the same period last year. Of these, Harvard brand sales of 750000 vehicles, although down 2.59% year-on-year, but 67% of the total is still the first Great Wall brand; Great Wall pick-up trucks and Euler brands have achieved growth, while the WEY brand has declined, down 21.53%. From the performance of Great Wall Motor, its sales volume and performance have achieved the expected target, the overall performance is still relatively good.

2021 is also the year of Great Wall Motor products. Great Wall launched Harvard's first love, Harvard Dog 2.0T and Harvard H62.0T in January, while WEY Mocha has also been unveiled, and Great Wall will launch more products this year. It is worth mentioning that Great Wall will no longer devote itself to the development of SUV models and may launch B-class / C-class MPV models this year. As for the car field, Chairman Wei Jianjun once said publicly that "I will definitely make a car in the future." As for the layout of Great Wall in the new year, let's look forward to it.

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