Great Wall Motor (02333) is expected to have a half-year net profit attributable to shareholders of 2.35 billion to 2.6 billion yuan, a year-on-year decrease of 58.97% to 62.92%.

Great Wall Motor (02333) announced that the company is expected to achieve a net profit attributable to the owners of the parent company of 23.50 billion to 26.00 billion yuan in the first half of 2026, a decrease of 37.37 billion to 39.87 billion yuan compared to the same period last year, a year-on-year decrease of 58.97% to 62.92%. The company expects to achieve a net profit attributable to the owners of the parent company after deducting non-recurring gains and losses of 15.00 billion to 17.50 billion yuan in the first half of 2026, a decrease of 18.31 billion to 20.81 billion yuan compared to the same period last year, a year-on-year decrease of 51.14% to 58.12%. In this reporting period, the company's sales volume and operating income increased year-on-year, with growth in overseas markets and high-value domestic vehicle models driving the continuous enhancement of the company's global brand strength. The decrease in net profit in this period is mainly due to the deferred recovery of overseas tax policy subsidy income (which was 2.274 billion yuan in the same period last year) and the impact of exchange rate fluctuations. After hedging the exchange losses with forward exchange contracts, the comprehensive exchange loss in this period is approximately 266 million yuan (unaudited), leading to a year-on-year decrease in exchange gains of approximately 1.759 billion yuan (compared to gains of 1.493 billion yuan in the same period last year).