Summary by Moomoo AI
Great Wall Motor announced its performance forecast for 1H 2024, expected to reach a net profit of CNY 65 billion to 73 billion, a YoY increase of 377.49% to 436.26%. After deducting non-recurring gains and losses, the net profit is expected to be CNY 50 billion to 60 billion, a YoY increase of 567.13% to 700.56%. This forecast is based on factors such as the high-quality development of the company's main business, the growth of overseas market sales, the optimization of domestic product structure and the increase in government subsidies. In the same period of the previous year, the company's net profit was CNY 13.613 billion, and the non-net profit was CNY 7.495 billion, with basic earnings per share of 0.16 yuan. The company emphasized that these figures have not been audited or reviewed and reminded investors to pay attention to relevant investment risks. The performance forecast has been reviewed and approved by the board of directors and will be announced on July 10, 2024.