Great Wall Motor Co Ltd Class H

02333: XHKG (HKG)
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Great Wall Earnings: Competition Continued to Depress Profitability Despite Better Cost Control

Great Wall Motor reported a 30% year-on-year decline in core net profit for the third quarter. Vehicle export grew 11% year on year while domestic sales rose 27% during the period. The vehicle margin remained challenged, due to heavy price discounts.

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