Summary by Moomoo AI
GREAT WALL AUTOMOBILE CO., LTD. ANNOUNCED IN ITS 2023 ANNUAL REPORT THAT THE COMPANY ACHIEVED TOTAL OPERATING REVENUE OF RMB1,732.12 BILLION, AN INCREASE OF 26.12% YEAR-ON-YEAR; AN OPERATING PROFIT OF RMB72.1 MILLION, A DECREASE OF 9.62% YEAR-ON-YEAR; NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF LISTED COMPANIES WAS RMB70.22 BILLION, A YEAR-ON-YEAR DECREASE 15.06%. The report noted that the company increased its investments in new energy and smart energy, expanded production globally, while accelerating channel and brand building in the new energy sector. Great Wall Motor achieved an all-time high in vehicle sales in 2023, reaching a 31.6% share in the new energy vehicle market, demonstrating the company's remarkable achievements in the transformation towards new energy and smart. In addition, the company announced that a cash dividend of RMB0.30 (tax included) per share will be distributed to all shareholders. The summary of the financial report was published on 28 March 2024 by the Joint Secretary of the Joint Company, Li Hongteng.