- Great Wall Motor's net income in 2024 is expected to range from RMB 12.4 billion ($1.7 billion) to RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023.
- The automaker sold 1,233,292 vehicles in 2024, an increase of 0.22 percent year-on-year.
Great Wall Motor's (SHA: 601633) net income in 2024 is expected to be between RMB 12.4 billion ($1.7 billion) and RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023, according to an earnings preview it issued today.
The increase is mainly due to growth in overseas sales and further optimization of domestic product mix, it said.
After deducting non-recurring gains and losses, the company's net income in 2024 is expected to be RMB 9.4 billion to RMB 10 billion, an increase of 94.47 percent to 106.88 percent year-on-year.
The preview is a preliminary calculation by the company's finance department based on operating conditions and has not been audited.
Great Wall Motor sold 1,233,292 vehicles in 2024, up 0.22 percent year-on-year, according to data compiled by CnEVPost.
It sold 453,141 vehicles overseas in 2024, up 36.74 percent from 2023.
The company sold 321,795 new energy vehicles (NEVs) in 2024, up 22.88 percent year-on-year.
($1 = RMB 7.3312)
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