Great Wall Motor Co Ltd Class H

02333: XHKG (HKG)
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Great Wall Earnings: Competition Continues to Pressure Automotive Margins and Costs

Great Wall Motor reported a 47% year-on-year decline in core profit in the second quarter. Vehicle exports grew 47%, while domestic sales fell 21% during the period. Despite a higher export mix, profitability remained weak, reflecting ongoing pricing pressure in the domestic market.

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