March 31, the Great Wall Motor Company Limited (hereinafter referred to as the “Great Wall Motors”, Stock Code: A-share 601633, H shares in 2333) released the 2019 annual results announcement. In a challenging 2019, Great Wall Motor robust performance. As of December 31, 2019, Great Wall Motor total revenue of 96.211 billion yuan, total profit of 5.101 billion yuan, net profit of 4.531 billion yuan, net profit attributable to shareholders was 4.497 billion yuan.
2019, Great Wall Motor advanced comprehensive globalization strategy, strong overseas performance, operating income reached 5.522 billion yuan, up rose 66.61 percentage. Car face “a new four modernizations” in-depth reform, Great Wall Motor insist on precision, over-development, positive transformation and innovation, to become a more influential global brands Charge.
the second half of 2019, revenue, net profit growth in double
2019, the face of the automobile industry restructuring and the domestic auto market freeze, Great Wall Motor by optimizing product structure, strengthen brand building, maintaining sound operation, in 2019 achieved total revenue of 96.211 billion yuan, net profit of 4.531 billion yuan. From the beginning of the second quarter of 2019, Great Wall Motor net profit growth momentum eye-catching, third and fourth quarter net profit rose 84.73 percentage and 12.79 percentage. The second half, Great Wall Motor total revenue, net profit double growth, total revenue increased by 8.47 percentage, growth of 32.52 percentage, net profit, growth of 94.61 percentage and 92.11 percentage respectively.
four brands continue leading the major market segments
2019, Great Wall Motor, the world’s total of nearly 1.06 million new cars delivered, under downward pressure in the automobile market , still achieved 1.43 percent growth year on year, and sales exceeded one million for four consecutive years, Harvard, WEY, Euler, the Great Wall pickup four brand further consolidated its market position. Harvard brand for 10 consecutive years to maintain the Chinese SUV market sales champion, the global cumulative sales of nearly 600 million, “national God car” Hover H6 global cumulative sales exceeded 300 million units, creating a single Chinese brand car sales peak; F flagship model line HaEph F7 13-month cumulative sales break million.
WEY brand launched in 2019 heavy fuel vehicles VV7GT, as well as plug-in hybrid models VV7 PHEV, VV7GT PHEV, and VV5, VV6 create a strong family line-up, 2019 annual sales exceed 10 million mark, since the brand was born cumulative sales of over 320,000, became the first to reach sales of 300,000 Chinese luxury SUV brand.
Euler brand new car in 2019, cumulative sales year on year percentage rose 184.85, created the first record A00 segment sales growth.
Great Wall pickup brand for 22 consecutive years to maintain domestic and export sales double first, global holdings exceeded 1.6 million, the domestic market share of over 35 percentage. In the past year, the Great Wall pickup Great Wall heavy artillery released a new brand on the market for three months total sales of 18,200, won one fell swoop 100,000 yuan high-end pickup sales crown.
user focus all efforts to enhance the brand value of
In the past year, Great Wall automotive products continued to intelligent, clean, high-quality, high-value direction development, more than 10 million vehicle sales accounting for over 65 percentage, new energy and fuel-efficient power products accounted for 68.3 percentage, become the main direction of development of Great Wall Motor.
At the same time, the Great Wall cars from user needs and user experience services starting in end products and after-sale terminal for users to create a better service experience. September 2019, China Quality Association released the survey results Automobile Customer Satisfaction (CACSI) 2019 years, the Great Wall Motor’s Hover brand and its models Hover H6, Haval F7, the Havel M6 achieved the industry’s highest points, respectively, “the sales service satisfaction “” 10-15 Wan A-class SUV “,” concerns about the new car, “” A below 70,000 level SUV “several awards first; WEY brand won the annual” Customer satisfaction Index “first, WEY VV6 won the” 2019 in the new car market focus (10-15 million SUV) “satisfaction first.
R & D precision, over-investment in newFruitful technical re
the face of the car the “new four modernizations” transformation, Great Wall Motor to continue to increase investment in research and development to address the deep changes in the industry. 2019, Great Wall Motor R & D investment 2.716 billion yuan (cost of expenses), an increase of 55.8 percentage. R & D expenses accurately and efficiently into clean technology, intelligent network with autopilot technology research and development, and global R & D layout and other fields.
Great Wall Motor GW4C20B 2.0T gasoline engine won the “China Heart” 2019 Ten Best Engines; honeycomb Yi Chong released a new generation powertrain technology products, including a new generation of environmentally friendly 4N20 2.0T engine, the world’s first public published 9-speed wet dual clutch transmission –9DCT transmission, and 6001 series electric drive, a number of indicators to achieve a fully optimized fuel consumption, emissions, power and so on.
in the new energy field, Great Wall Motor synchronized with EV, HEV, PHEV models developed three technologies FCV architecture and planning, WEY brand introduced two years to plug in hybrid models VV7 PHEV and VV7GT PHEV, Great Wall Motor to further improve the layout of new energy products.
in the intelligent network linking field, Great Wall Motor is building an open platform for technological innovation, innovation, open eyes, to strengthen external cooperation, and jointly promote 5G, networking, automatic the key technologies driving the car V2X networking and other research and development, accelerate the pace of industrialization of common technology. 2019, Great Wall Motors United Huawei, Qualcomm, Baidu and other eight strategic partner to jointly build 5G + AI-based technology, to build a global ecological wisdom, and create a traveling robot era.
overseas revenue rose 66.61 percentage globalization strategy highlights the effectiveness of
2019, Great Wall Motor advanced comprehensive globalization strategy, strong overseas performance, achieve export 65,400 vehicles, up 44.93 percentage surged. Among them, the annual export 17,500 pickup models, the cumulative increase of 34.66 percentage; SUV models exported 43,800, up surged 57.62 percentage.
contributed to rising car exports rose overseas performance. 2019, Great Wall Motors overseas markets, total revenue of 5.522 billion yuan, up 66.61 percentage surged, in which Russia, South Africa, Saudi Arabia market revenue reached 1.434 billion yuan, 1.082 billion yuan, 7.20 billion yuan, respectively, year on year rose 260.24 percentage, 46.0 percentage and percentage of 752.80.
June 2019, Great Wall Motor factory owned construction of Tula, Russia officially put into operation, the first “global car” Hafer F7 on the market and be successful. Currently, Great Wall Automobile ownership in the Russian market has more than 120,000. It is to speed up global R & D, production and distribution construction and laying of distribution channels, and jointly promote the rapid increase Great Wall Motor sales in overseas markets.
for 2020, under the severe challenges of the new crown pneumonia epidemic sweeping the world, Great Wall Motor will actively respond to innovation, open eyes, further deep plowing vehicle, parts core technology, and high-tech research and development for the automotive “new four modernizations” in-depth reform Charge; the depth of the user’s mental focus, maintain domestic market leader position advantage; the same time, speed up the “going out” pace for the global market to provide high-quality, high standard, intelligent, young product; and innovative marketing changes, enabling the brand vitality, strengthen the global brand value of Great Wall Motor, and gradually build a more influential global brands.