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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 former.
In July, when Great Wall Motor celebrated its 30th birthday, Chairman Wei Jianjun kept asking himself, "will Great Wall Motor survive next year?" in a "micro movie". There was no celebration atmosphere at all. Under the double influence of the decline in the market and the epidemic situation, the largest car companies of Great Wall Motor have been seriously affected, to sales and revenue decline.
A few days ago, Great Wall released its third-quarter results. According to the data, the revenue of Great Wall Motor in the third quarter was 37.346 billion yuan, up 29.36% from the same period last year. The net profit was 2.56 billion yuan, an increase of 80.74% over the same period last year. Deducting 2.281 billion yuan from non-net profit, an increase of 181.32% over the same period last year.
Affected by the COVID-19 epidemic, the performance of domestic automobile enterprises declined almost synchronously in the first half of this year, and loss-making operation has also become a common phenomenon. In the second half of the year, a number of car companies are committed to sales growth, launching more new cars to occupy the market, and performance has also recovered to varying degrees. In the performance statistics of a number of domestic auto companies in the first three quarters of 2020, the top five are SAIC, BYD, Great Wall Automobile, GAC GROUP and Changan Automobile, among which BYD and Changan both achieved simultaneous growth in revenue and net profit. SAIC Group: net profit fell nearly 20% according to SAIC's performance report, SAIC in the first three quarters.
Recently, Great Wall Motor disclosed its first-quarter results, which showed that its operating income in the first quarter was 33.619 billion yuan, an increase of 8.04% over the same period last year, and its net profit was 1.634 billion yuan, down 0.34% from the same period last year. The net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was 1.303 billion yuan, down 2.41% from the same period last year. It is worth noting that Great Wall Motor received 800 million yuan in government subsidies in the first quarter, accounting for 49.02% of its total net profit. In terms of sales, Great Wall sold 283500 vehicles in the first quarter, down 16.32% from the same period last year. Among them, Harvard brand.
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 plunged the whole car market into chaos, production.
In the downward environment of the domestic car market, Great Wall Motor, as a domestic independent brand, bucked the trend in October. On November 7, Great Wall released its latest sales figures, which showed that Great Wall Motor sold a total of 115015 new cars in October, up 4.48% from January to October. From January to October, Great Wall Motor sold a total of 839128 new cars, up 6.66% from a year earlier. In terms of brand, the Harvard SUV brand sold 86433 vehicles in October, up 1.74% from the same period last year. The cumulative sales from January to October were 607685, up 10.07% from the same period last year.
Last year, Jaguar Land Rover lost more than $4 billion in a quarter, when it was rumored that Great Wall was in talks with Tata Motors to acquire Jaguar Land Rover. In the third quarter of 2019 (October-December 2018), Jaguar Land Rover lost $4.06 billion on revenue of $8.06 billion, prompting Tata Motors to make the biggest loss in Indian corporate history. In the face of losses and for future projects not to stagnate, Jaguar Land Rover announced plans to raise $1 billion. Jaguar Land Rover's sales and revenue plummeted last year, and Jaguar Land Rover has gone from Tata Motors' profit cow to a hot potato.
Recently, domestic automobile listed companies have released Q3 financial results for 2022 one after another. Among the Q3 financial reports of 12 A-share listed vehicle companies counted by "Automotive Industry concern", only BYD, GAC GROUP, Great Wall Automobile, Lifan Technology have achieved double growth in revenue and net profit, SAIC Group, Changan Automobile, BAIC Blue Valley and so on.
Recently, domestic car companies have released third-quarter results one after another, from the results released by 12 listed car companies, the profit performance is not optimistic. Of the 12 listed car companies, six saw a decline in profits in the third quarter, five reported a net profit loss, and only one achieved net profit growth. However, in the first three quarters, the performance of listed car companies is still relatively optimistic, except for BYD, Changan Automobile, well-off shares, Zhongtai decline, the rest have achieved growth. In the third quarter, the sales volume of major car companies did not increase significantly, or even declined, mainly because of the lack of chip supply.
2020 has passed, a number of domestic car companies have released the latest performance forecasts for the past year. According to the forecast of the published annual report, thanks to the implementation of relevant policies to stimulate the market, it recovered rapidly in the second half of the year, but due to the disruption of production and sales caused by the epidemic in the first half of the year, many car companies still suffered substantial losses. First, let's take a look at Great Wall Motor and Chang'an Automobile. 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. A brand new product.
Great Wall Motor released its semi-annual results today, showing that the company's first-half operating income was 40.317 billion yuan, down 15.93% from the same period last year, and its net profit was 1.517 billion yuan, down 58.95% from the same period last year. In response to the decline in revenue and net profit of the company, Great Wall said that during the reporting period, the company increased the preferential quota for its products to benefit consumers, and continued to increase brand promotion and investment in research and development, resulting in a year-on-year decline in net profit belonging to shareholders of the parent company. For comparison, Great Wall Motor achieved total revenue of 99.23 billion yuan in 2018, down 1.92% from the same period last year, with a net profit of 5.207 billion yuan.
On November 29th, ideal Motor released its results for the third quarter of 2021, showing that its revenue in the third quarter was 7.775 billion yuan, an increase of 209.7% over the same period last year. The net loss of ideal car in the third quarter was 21.5 million yuan, which narrowed by 79.9% compared with the same period last year. As of September 30, 2021, the total amount of ideal car cash and cash equivalents, restricted cash, time deposits and short-term investments is 48.83 billion yuan. The growth of ideal automobile revenue is inseparable from the growth of new car delivery. According to the financial report, the ideal car delivery volume in the third quarter of 2021 is 25116, of which vehicle sales revenue is 73.9.
On November 3, Li Ruifeng, CGO of Great Wall Motor Co., Ltd., released new personnel change information on domestic social platforms. Liu Yanzhao will also serve as general manager of Wei brand and tank brand, responsible for overall management of Wei brand and tank brand; Zhao Yongpo will be general manager of Harvard brand, responsible for overall management of Harvard brand.
In September, car companies reported sales: Volkswagen sold nearly 400000 vehicles, and Geely, Great Wall and Chang'an were on the list one after another.
According to relevant media reports, the Russian government has signed a special investment contract for Russia's Harvard Automobile Manufacturing Co., Ltd., a Russian subsidiary of Great Wall Motor. And plans to continue to invest more than 42 billion rubles (about 4.5 billion yuan) to expand local production. In fact, in June this year, on the same day that Great Wall Automobile's first wholly-owned overseas manufacturing plant, the Great Wall Automobile Russian Tula Plant (hereinafter referred to as the "Tula Plant"), was officially completed and put into production, the China Great Wall Automobile Company, which opened and put into production in Tula, intends to sign a special investment contract with the Russian Ministry of Industry and Trade. And Russian Minister of Industry and Trade Mantu.
According to data from the Federation of passengers, retail sales of passenger cars in September 2021 were 1.582 million, down 17.3 percent from the same period last year, of which the retail volume of new energy passenger vehicles was 334000, up 202.1 percent from the same period last year and 33.2 percent from the previous month. New energy vehicles are growing against the market, and a number of car companies have sold more than 10,000 cars. It is understood that car companies that sold more than 10,000 new energy vehicles wholesale in September include BYD, Tesla China, SAIC General Motors Wuling, SAIC passenger cars, Guangzhou Automobile Eian, Great Wall Motor, Lulai Motor, and Xiaopeng Motor. Among them, BYD, Tesla, Lulai, Xiaopeng and other car companies are outstanding. According to the data of the Federation of passengers, 2.
Recently, at the 15th China Automobile Blue Book Forum, Xiaopeng CEO he Xiaopeng said: starting from the third quarter of this year, Xiaopeng will enter a weak positive cycle, and the speed of Xiaopeng's positive cycle will accelerate throughout the year after the third quarter begins. From the third quarter of next year to the end of 2025, Xiaopeng will enter the superhighway.
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