Great Wall Motor (02333) is now up more than 7%, with a cumulative increase of more than 60% since the beginning of April. As of press release, it rose 7.25% to HK$14.2, with a turnover of HK$929 million.
The Zhitong Finance App learned that Great Wall Motor (02333) is now up more than 7%, with a cumulative increase of more than 60% since the beginning of April. As of press release, it rose 7.25% to HK$14.2, with a turnover of HK$929 million.
According to the news, Great Wall Motor recently released its April production and sales report. The company achieved sales volume of 95,000 vehicles in April, up 1.8% year on year and 5.5% month on month. The company's exports continued to be high. In April, overseas sales volume was 36,000 vehicles, up 65.7% year on year. Overseas sales accounted for 38.1% in April, up 14.7 pct year on year and 2.4 pct month on month.
Guolian Securities pointed out that the models exported by Great Wall have a better level of bicycle profit, and the increase in export share is expected to help the company's performance increase. Management recently proposed that the company will challenge the goal of selling 500,000 vehicles overseas in 2024. Relying on the layout of the company's global network, they are optimistic that the company will export 400,000 to 500,000 vehicles throughout the year. According to reports, in January-April, the company achieved cumulative overseas sales volume of 129,000 vehicles, an increase of 74.7% over the previous year.