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Great Wall Automobile overseas revenue growth of more than 60% in 2019
Apr 9,2020 16:45CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, April 9: April 9, Great Wall Automobile released March car production and sales report, March car sales of 60048 vehicles, down 41.75% from the same period last year.

Recently, Great Wall Automobile Co., Ltd. issued the 2019 annual performance announcement. As of December 31, 2019, Great Wall Automobile had a total operating income of 96.211 billion yuan, a total profit of 5.101 billion yuan and a net profit of 4.531 billion yuan, belonging to the net profit of 4.497 billion yuan for the shareholders of the parent company.

In 2019, Great Wall Automobile delivered nearly 1.06 million new cars worldwide. Under the downward pressure of the car market, it still achieved a year-on-year growth rate of 1.43%, and sold more than one million vehicles for four consecutive years. Harvard, WEY, Euler, Great Wall pickup four brands market position is further stable. Among them, the number of Great Wall pickup trucks exceeded 1.6 million, with a domestic market share of more than 35 percent.

In 2019, the Great Wall Automobile Globalization Strategy advanced in an all-round way, and its overseas performance was strong, realizing the export of 65400 vehicles, an increase of 44.93 percent over the same period last year. The rise in new car exports has contributed to a surge in overseas performance. In 2019, the total revenue of the Great Wall Automobile overseas market was 5.522 billion yuan, up 66.61% from the same period last year. Among them, the market revenue of Russia, South Africa and Saudi Arabia reached 1.434 billion yuan, 1.082 billion yuan and 720 million yuan respectively, up 260.24%, 46.0% and 752.80% respectively from the same period last year.

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