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Great Wall Motor's (HKG:2333) Solid Profits Have Weak Fundamentals
Great Wall Motor Logs 5.6% Boost in April Vehicle Sales
Express News | Great Wall Motor - Oversea Sales Volume Achieved 32,165 Units in April
The annual reports of 26 automotive manufacturing companies that issued bonds have been released, showing a mixed performance, with Great Wall Motor's revenue growing by 29 billion.
① A total of 26 auto manufacturing bond issuers have released their annual reports, with a total bond issuance scale of 23.246 billion yuan. ② Under the current policy drive to stimulate domestic demand, the revenue performance of the auto Industry still has upward potential, with significant profit growth among many bond issuers relying on the domestic market in the New energy Fund Industry Chain.
Cui Dongshu: From January to March, global auto sales reached 22.64 million units, with China's share accounting for 33%.
From January to March 2025, Global Autos sales reached 22.64 million units, a year-on-year increase of 5%. In China, the share of the world's Autos reached 33% from January to March 2025.
Zhaoyin International: Reduced Great Wall Motor's Target Price to 14 Hong Kong dollars, maintaining a 'Buy' rating.
CMB International released a Research Report stating that Great Wall Motor (02333) had a first-quarter Net income that fell short of the bank's forecast, attributed to increased selling expenses and delays in compensation for the recycling of vehicles in Russia. The bank maintains a 'Buy' rating for Great Wall Motor, lowering the Target Price from 17 Hong Kong dollars to 14 Hong Kong dollars. The bank expects that, due to delayed compensation and the launch of new models, Great Wall Motor's earnings in the second quarter will perform strongly. The bank also indicated that the company appears determined to revitalize sales of the Shunlong Max by redesigning its appearance, introducing New energy Hi4, and implementing urban NOA to differentiate itself from competitors. The bank further anticipates that among all brands under Great Wall Motor, the Wey brand will contribute the most in the current fiscal year.
