Great Wall Motor Co Ltd Class H

02333: XHKG (HKG)
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Great Wall Earnings: Profit Missed as Competition Leads to Sluggish Sales and Margin Pressure

Great Wall Motor's fourth-quarter net profit grew by 12% year on year to CNY 2.3 billion, missing our expectations. Despite a 24% year-on-year growth in vehicle exports, domestic sales dropped 4% during the period, leading to challenging margin pressures.

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