Great Wall Motor's net profit in 2023 will be 7.008 billion yuan, a decrease of 15.22% from last year

News from this site on January 23, Great Wall Motors announced today that its revenue in 2023 will be 173.41 billion yuan, a year-on-year increase of 26.26%; Net profit attributable to the parent company will be 7.008 billion yuan, a year-on-year decrease of 15.22%; Basic Earnings per share are 0.83 yuan/share.

The announcement stated that during the reporting period, the company comprehensively transformed towards new energy, intelligence, and globalization, and the results were evident. In 2023, the company insisted on increasing investment in the fields of new energy and intelligence, while accelerating channels in the field of new energy. and brand building. With the launch of new products, the model structure continues to be optimized, and the selling price and sales volume of bicycles continue to grow, driving operating income to grow by 26.26%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses increased by 4.58% compared with the same period last year.Net profit during the reporting period was lower than the same period last year mainly due to the impact of exchange rate gains during the same period. Net profit attributable to parent companies in the fourth quarter of 2023 declined compared with the third quarter, mainly due to the accrual of year-end bonuses.

Attached to this site is Great Wall Motors' 2023 performance table as follows:

##In terms of automobile sales, Great Wall Motors sold 112,500 vehicles in December 2023, a year-on-year increase of 45.27%;

Cumulative sales in 2023 were 1.2307 million vehicles, a year-on-year increase of 15.29%.

In December 2023, the sales volume of Great Wall new energy passenger vehicles reached 29,816 units, a year-on-year increase of 168.59%. The annual sales volume reached 261,546 vehicles, a year-on-year increase of 98.39%. In addition, Great Wall Motors also announced that overseas sales in 2023 will exceed 300,000 vehicles for the first time. These data show that Great Wall Motors has achieved impressive sales results in 2023.

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