HK Stock Market Move | Great Wall Motor (02333) falls more than 5% in the afternoon, annual revenue hits a historic high, channel construction drags down net profit by more than 20%.

Great Wall Motor (02333) fell more than 5% in the afternoon, dropping 5.05% to HK$11.85 by the time of publication, with a trading volume of HK$2.89 billion. On the news front, Great Wall Motor released its annual results, with operating income reaching RMB 222.824 billion in 2025, an increase of 10.20% year-on-year, setting a new historical high; net profit attributable to shareholders was RMB 9.865 billion, a decrease of 22.07% year-on-year. The significant increase in selling expenses during the period was a key reason for the decline in net profit. Selling expenses rose by 43.9% year-on-year to RMB 11.27 billion, mainly used to establish direct sales channels and increase publicity for new car models and technologies.