Jinwu Financial News | Great Wall Motor (02333) gained strength near midday trading and rose in the short term. As of press release, it rose 3.88% to HK$13.4, with a turnover of HK$0.32 billion.
According to the news, the company achieved automobile sales of 0.127 million vehicles in November, up 3.7% year on year and 9.1% month on month; from January to November, it achieved cumulative car sales of 1.098 million vehicles, a decrease of 1.8% year on year.
According to Guolian Securities Research, the industry's peak season combined policy stimulus, and the overall sales volume of major brands entered the peak consumption season in the fourth quarter, and the effects of the trade-in policy accelerated. In November, all brands of the company achieved month-on-month sales growth. In November, the sales volume of Haval/Weibrand/Pickup/ Eulla/ Tank in November was 7.8/0.7/0.016/0.006/0.02 million vehicles, respectively, +4.5%/+145.8%/-2.7%/-42.1%/+8.7%, month-on-month, respectively %/ 4.4%/5.6%. The bank expects the company's revenue for 2024-2026 to be 218.1/266.4/314.9 billion yuan, respectively, +26%/22%/18% year-on-year, net profit to mother of 13.5/15.2/17.3 billion yuan, +92%/13%/14% year-on-year, EPS 1.6/1.8/2.0 yuan/share, and CAGR-3 35%, respectively. The bank said that the company continues to promote brand improvement, maintain a high growth rate of new energy and overseas sales, and give it a “buy” rating.
