Summary by Moomoo AI
Great Wall Motor achieved total operating revenue of RMB 42,859,766,505.58 in the first quarter of 2024, an increase of 47.60% year-on-year, and net profit reached RMB3,227,751,398.16, a significant year-on-year increase of 1,752.55%. Basic earnings per share were $0.38 with a weighted average return on net assets of 4.60%, an increase of 4.33 percentage points over the same period last year. During the reporting period, the total assets of the company decreased, but the shareholders' equity belonging to the listed company increased by 4.80%. Great Wall Motor said the performance growth was mainly driven by growth in whole vehicle sales and improved cycling revenue. In addition, the company's unaudited quarterly financial report showed that the net cash flow generated by operating activities was negative RMB...Show More