Great Wall Motor Co Ltd Class H

02333: XHKG (HKG)
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Great Wall Earnings: Profit Missed As Competition Weighs on Vehicle Margin and Selling Expenses

Great Wall Motor reported in-line revenue for the third quarter, but net profit missed our expectations. A 40% growth in export volume was not enough to offset competition pressure in a sluggish domestic market, with the firm's China sales down another 33% year over year during the quarter.

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