Great Wall Motor Co Ltd Class H

02333: XHKG (HKG)
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Great Wall Earnings: Another Quarter of Core Profit Miss; Competition Pressures Margin and Expenses

Great Wall Motor, or GWM, saw a 41% year-on-year decline in core net profit for the June quarter. Vehicle export slid 2% year on year but domestic sales grew 17% during the period. Regardless, the heavy price discounts led to challenging margin pressure.

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