Great Wall Motor Co Ltd Class H

02333: XHKG (HKG)
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Great Wall Motor: Weaker-Than-Expected Preliminary Results Indicate Challenging Margin Pressure

Great Wall Motor, or GWM, reported 77%-85% year-over-year growth in preliminary net profit for 2024 to CNY 12.4 billion-CNY 13.0 billion. However, the midpoint of the guidance is 10% below our full-year estimate of CNY 14.1 billion.

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