Great Wall Motor: 2020 half-year net profit down 24.02% due to COVID-19

File Photo/NBD

NBD AI Bulletin -- Great Wall Motor Limited (the Company, SH 601633, close: 12.36 yuan) reported results for 2020 H1 on July 23. The revenue was 35.929 billion yuan, down 13.17% year-on-year. Net profit attributable to shareholders of the Company was 1.153 billion yuan, down 24.02% year-on-year. Basic earnings per share was 0.12495 yuan, down 24.83% year-on-year. The year-over-year decrease in net profit attributable to shareholders of the Company during the reporting period was mainly due to the impact of the COVID-19 outbreak that led to sales decrease, and the continued investment increase in research and development.

According to the Company's 2019 annual report, Great Wall Motor Co., Ltd. mainly engages in the automotive sector, accounting for 97.47% of its revenue.

The chairman of Great Wall Motor Co., Ltd. is Wei Jianjun, male, 56 years old, college degree. The Company's general manager is Wang Fengying, 49 years old, Chinese national, master's degree in economics.

According to the Brand Value List of Chinese Listed Companies, Great Wall Motor Company Limited has a brand value of 50.958 billion yuan, ranking 5th in the automotive industry.

(By Li Menglin)

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