Great Wall Motor's Q1 profits plunge 45.6%

Great Wall Motor (HKEX:2333) reported a sharp decline in net profit attributable to shareholders for the first quarter of 2025, falling 45.6% to RMB1,751.18 million compared to RMB3,219.10 million in the same period last year. The company attributed the downturn to a year-on-year decrease in sales volume, impacted by a product upgrade and iteration cycle, coupled with increased investments in establishing a corporate-owned model. Total operating revenue decreased by 6.6% to RMB40,019.08 million. Basic and diluted earnings per share both decreased by 44.74% to RMB0.21. Net cash flow from operating activities also saw a significant decrease. The company's total assets stood at RMB212,547.07 million, while owners' equity attributable to shareholders was RMB82,661.85 million, an increase of 4.66% over the end of last year after adjustments.