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Great Wall Net Profit Increases 70% Mid-term, Research Green Model


Great Wall has published its mid-term financial report on Aug 23. The company has achieved 26.42 billion Yuan revenue at the first half this year, which has increased 44.4% over the same period of last year. It includes 4.09 billion Yuan which belongs to shareholders. The figure has increased 73.7% over last year. And each stock gains 1.34 Yuan, which has increased 73.7% correspondingly.

At the first half this year, Great Wall has sold 370,301 vehicles, which increases 41.33% over the same period of last year. Pickup has sold 72,226, which increases 5.74% over last year. It has strengthened its ascendant market position. Sedan has sold 107,561, which increases 23.01% over the same period of last year. MPV and special car has sold 4,401, which increases 161.34% over last year. Besides, accessories and other business revenue is up to 1.4 billion, which increases 15.57% over 2012s performance.

Great Wall has a beautiful achievement in SUV segment. Within report period, SUV has sold 186,113, which increases 77.96% over the same period of last year. Great Wall SUV has kept fast increase for years. In March this year, Great Wall has divided Harvard as an individual brand. Harvard M4, as a small SUV, has great sales since it launches market. Besides, Harvard H6 has remained fast increase as well.

Great Wall has sold 328,387 domestically, which increases 51.63% over 2012. Vehicle sales revenue has increased 57.6% to 22.4 billion Yuan. But export has slipped down slightly. It has exported 41,914 vehicles in the first half this year, which decreases 7.77%.

Great Wall told media that urbanization will release purchase power in countryside, which will benefit economy development and motivates inner demand, particularly provides good opportunity for auto industry. Market has worried about Chinese economy growth in future, but consume anticipation will remain stable growth based on huge market volume of China.

Great Wall has published its new product plan. The company will keep investing in new product development, and improve its quality and competition advantages. In the next two years, Great Wall will launch more Harvard models into market, such as Harvard H2, H8 and H7. And new Great Wall C50, M2 and M4 for 2014 will launch market step by step as well.

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