On April 17, Great Wall Motors released its Q1 business report. In the first quarter of 2015, the company achieved a net profit of 2.536 billion Yuan, operating revenues of 19.327 billion Yuan and a total profit of 3.101 billion Yuan, up 26.45 percent, 31.16 percent and 27.23 percent year on year respectively. It also registered basic EPS (earnings per share) with 0.83 Yuan.
According to the report, Great Wall Motors’ operating revenues soared by the growth of its total sales and of its SUV sales percent in the first quarter. The company sold totally 220,853 units through Jan. to Mar., up 17.62 percent year on year, within which 175,509 units are SUVs, up 53.95 percent year on year, accounting for 79.47 percent among the total sales. Launched in the second half of last year, Haval H2, Haval H9 and Haval H1, apart from Haval H6 which continued to lead the Chinese SUV market, also performed strongly with their sales growing gradually. Moreover Haval H6 Coupe and Haval H8, which drew great attention, were launched at Auto Shanghai.
According to an analysis, with the launch of medium & high-end models priced above 150,000 Yuan, like Haval H6 Coupe and Haval H8, Great Wall Motors’ product structure will continue to move up, which will help its leading position in the SUV market be further consolidated, and its business performance keep increasing.
