China Offers Incentives to Boost Old Car Replacements, Analysts Expect up to 2 Million Additional Sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
Great Wall Motor sets a small goal of “going overseas”
Impacting millions of overseas sales.
Great Wall Motor Company Limited (HKG:2333) Released Earnings Last Week And Analysts Lifted Their Price Target To HK$12.89
It's been a good week for Great Wall Motor Company Limited (HKG:2333) shareholders, because the company has just released its latest quarterly results, and the shares gained 5.3% to HK$11.60. Re
Buy Rating for Great Wall Motor Co. Amid Strong Q1 Profits and Promising EV Outlook
Great Wall Motor (02333.HK) gains 6.9573 million shares from J.P. Morgan
Gelonghui, April 26 | According to the latest equity disclosure data on the Stock Exchange, on April 22, 2024, Great Wall Motor (02333.HK) obtained JPMorgan Chase & Co. to increase its holding of 6.9573 million shares at an average price of HK$10.3687 per share, involving approximately HK$72.377 million. After the increase in holdings, JPMorgan Chase & Co.'s latest number of open positions was 116,925,519 shares, and the holding ratio increased from 4.74% to 5.04%.
CPCA Expects China's NEV Retail Sales at 720,000 in Apr, Flat From Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
CMB International: Maintaining Great Wall Motor's “Buy” Rating and Raising the Target Price to HK$14
CMB International released a research report stating that while maintaining Great Wall Motor's (02333) “buy” rating, the target price was raised from HK$13 to HK$14. The company's net profit for the first quarter of this year was 3.2 billion yuan, exceeding investors' original forecasts and strengthening the bank's confidence in its profitability throughout the year. The bank said that the annual net profit forecast for Changqi will increase by 25% to 9.9 billion yuan, and believes that the company still needs to launch high-sales new energy vehicles in mainstream markets to enhance investors' confidence in its electrification transformation. It also maintained its sales forecast of 1.35 million units this year, an increase of 10% over the previous year, and an average price forecast increase of 3%; due to the first
Hong Kong stocks closed (04.25) | Hang Seng Index closed up 0.48%, domestic housing stocks showed strong performance and fell more than 12% after New Oriental-S (09901) results
The Zhitong Finance App learned that the three major indices of Hong Kong stocks had mixed ups and downs. The Hang Seng Index rebounded for four consecutive trading days. After opening slightly lower in early trading, it quickly rose and turned red. The intraday high was 17,434 points to a new high during the new year, then the increase narrowed, showing a volatile adjustment trend. At the close, the Hang Seng Index rose 0.48% or 83.27 points to 17,284.54 points, with a full-day turnover of HK$119.12 billion; the Hang Seng State-owned Enterprises Index rose 0.33% to 6120.37 points; and the Hang Seng Technology Index fell 0.54% to 3554.3 points. CCB International previously indicated that as the Hang Seng Index stabilized its previous low in late January (20
[Broker Focus] CMB International raised the target price of Great Wall Motor (02333) by 7.7% and raised this year's net profit forecast by 25%
Jinwu Financial News | According to CMB International Development Research Report, Great Wall Motor (02333)'s 1Q24 revenue was 8% higher than the bank's previous forecast, mainly due to bike sales exceeding expectations. Despite the increase in terminal discounts, its gross margin for 1Q24 reached 20%, 1.4 percentage points higher than the bank's previous forecast, partly due to the gross profit contribution of exports exceeding expectations. Other revenue of 1Q24 was 1.1 billion yuan, which was about 900 million yuan higher than the bank's previous forecast, mainly due to preferential VAT credits and overseas tax rebates, most of which were sustainable. In summary, Great Wall Motor deducts 20 of non-net profit in 1Q24
Great Wall Motor Shares Jump on Surging Profit, Revenue
By Jiahui Huang Great Wall Motor shares rose sharply as investors cheered the company's first-quarter results, which beat some analysts' expectations. The company's Hong Kong-listed shares were up 9
Damo: 50% of Great Wall Motor's non-operating income may become recurring revenue
Morgan Stanley released a research report, citing the management of Great Wall Motor (02333) to break down the non-recurring revenue of 1.2 billion yuan (same below) recorded in the first quarter of this year. Of these, 621 million yuan of government subsidies covered local tax benefits in 2023, and the remaining 600 million yuan included export tax rebates and tax subsidies for overseas production plants.
Damo: 50% of Great Wall Motor's (02333) non-operating income may become recurring income
Great Wall management said it will maintain the 2024 export target of 500,000 vehicles and focus on expanding Latin America, ASEAN, and the Middle East.
Great Wall Motor May See Higher Sales Volumes in Russia This Year -- Market Talk
0245 GMT - Great Wall Motor's sales volumes in Russia may rise this year on the popularity of its Tank brand off-road SUV, Deutsche Bank analyst Bin Wang writes in a note. Following the departure of s
Great Wall Motor Target Price Raised to HK$14.00 From HK$13.00 by Deutsche Bank>2333.HK
Great Wall Motor Target Price Raised to HK$14.00 From HK$13.00 by Deutsche Bank>2333.HK
Changes in Hong Kong stocks | Great Wall Motor (02333) opened more than 4% in early trading, net profit returned to the mother in the first quarter was about RMB 3,228 billion, up 1752.55% year on year
Great Wall Motor (02333) opened more than 4% in early trading and rose 4.81% at press time to HK$11.76, with a turnover of HK$25.4 million.
Zhitong Hong Kong stocks have known for a long time | Many parties are making efforts to promote the launch of major projects in Hong Kong; spot Bitcoin and Ethereum ETFs are approved
Since the beginning of the year, investment in major projects in various regions has been implemented at an accelerated pace, and construction is in full swing.
Great Wall Motor: 1Q Net Profit Driven by Sales Growth, Optimization of Sales Structure >2333.HK
Great Wall Motor: 1Q Net Profit Driven by Sales Growth, Optimization of Sales Structure >2333.HK
Great Wall Motor 1Q Rev CNY42.86B Vs. CNY29.04B >2333.HK
Great Wall Motor 1Q Rev CNY42.86B Vs. CNY29.04B >2333.HK
2024年第1季度報告
Great Wall Motor announced first-quarter results, with net profit of 3,228 billion yuan, a year-on-year increase of 1752.55%
Great Wall Motor released its report for the first quarter of 2024, achieving 428 operating income during the reporting period...
No Data