Great Wall Motor (601633.SH) expects a net profit of 12.4 to 13 billion yuan for the year 2024, an increase of 76.60% to 85.14% compared to the previous year.

Great Wall Motor (601633.SH) released its performance forecast for the year 2024, with the company expecting a net profit attributable to owners of the parent company of 12.4 billion to 13 billion yuan, an increase of 76.60% to 85.14% year-on-year; the company also expects a net profit attributable to owners of the parent company, excluding non-recurring gains and losses, of 9.4 billion to 10 billion yuan, an increase of 94.47% to 106.88% year-on-year. The growth in performance during the reporting period is mainly attributed to the company's commitment to high-quality development, adherence to product quality, creation of ultimate product experiences, achieving growth in overseas sales, further optimization of domestic product structure, and driving a significant year-on-year increase in net profit attributable to owners of the parent company.