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Great Wall officially released its third-quarter results today. Data show that the operating income of Great Wall Motor in the third quarter of this year was 21.202 billion yuan, an increase of 18.01% over the same period last year. The net profit of shareholders belonging to the listed parent company was 1.4 billion yuan, an increase of 507% over the same period last year. In the first three quarters, Great Wall Motor achieved a cumulative operating income of 62.578 billion yuan and a net profit of 2.917 billion yuan for shareholders of listed companies.

Great Wall said that the year-on-year and month-on-month increase in net profit attributed to its shareholders in the third quarter was mainly due to factors such as the company's sales growth and further strengthening of cost control capabilities.

According to the sales data released a few days ago, the sales of Great Wall are really unexpected, especially when the independent brand is squeezed by the joint venture brand. Data show that Great Wall sold 100019 vehicles in September, up 15.33 per cent from a year earlier, while Great Wall sales totaled 724113 in the first three quarters, up 7 per cent from a year earlier. Since the beginning of this year, Great Wall has updated and iterated its brands to optimize its product structure.

Specifically, the Harvard brand sold 75253 vehicles in September, up 22.14% from the same month last year. Harvard H6 is the main sales force of the Harvard brand and has won the top SUV sales for 76 months in a row. In addition, Harvard has recently launched new products such as Harvard F7 Anniversary Limited Edition, new Harvard H6 Platinum Edition, Harvard H6 Coupe Zhaopin Edition and Harvard H4 Leisure Edition, further enriching the product lineup of the Harvard brand.

The WEY brand sold 8701 vehicles in September, down 17.88% from a year earlier. Ting's cumulative sales from January to September reached 69835, down 33.8% from a year earlier. In July this year, the WEY brand released the Collie Shepherd Intelligent Security system, and successively launched a series of new products such as 2020 WEY VV6, 2020 VV7, VV7 GT, 2020 VV5 and so on.

Euler brand is the new energy car brand of Great Wall, which is popular with consumers because of its younger appearance. In September, Euler sold 1877 new cars, an increase of 165.49% over the same period last year. In the first three quarters, the Euler brand sold a total of 32186 vehicles.

The Great Wall pickup brand has topped the Chinese pickup market for 21 years in a row. In September, Great Wall pickup sales were 136890, up 2.55% from the same period last year. In the first three quarters, Great Wall pickup sales totaled 98270, up 0.45% from the same period last year. The Great Wall Cannon officially went on sale in September, and the new car is based on the brand-new P71 platform and uses a new car logo. On October 24th, the Great Wall gunner's version was also officially launched, which is divided into gasoline + 6MT models, gasoline + 8AT models and diesel + 6MT models. It is worth noting that the 8AT model uses the ZF gearbox.

In addition, Great Wall Motor is also committed to technical cooperation with other enterprises. Great Wall Motor and Huawei formally signed a strategic cooperation agreement in Shenzhen in September this year, and the two sides will cooperate in innovative technology areas such as intelligent Internet connection, intelligent driving, intelligent cockpit, cloud services and travel services. In July, Great Wall signed ecological cooperation agreements with eight companies, including Tencent, Aligaude and Baidu, on technology, Internet and communications companies to promote vehicle intelligence, cloud services and big data business.

With the gradual improvement of the automobile market, the demand of consumers is also further improved. Consumers will not only pay attention to the price, but also pay attention to the production power of cars. Although Great Wall traded for volume at a price, its strong sales also reflect the strength of its products. With the advance of the "New four modernizations" of Great Wall Motor, it continues to increase its market share and global influence.

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