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Consumer Durables

Great Wall Motor Co., Ltd.

  • 4.85 HKD
  • +0.06
  • +1.25%
  • China
    Nov 15, 2018
  • Ticker
    HKG(2333)
  • Prev. close
    4.79
  • Market cap (HKD)
    58,404.19M
  • Market cap (USD)
    7,458.28M
  • Shares
    9,127.26M

Company Background

Great Wall Motor is a privately-run Chinese automaker headquartered in Hebei Province. It is among the top three privately-run Chinese automakers, along with Zhejiang Geely Holding Group and Chery Automobile.

Founded in 1984, Great Wall Motor has mainly produced sport utility vehicles and pick-up trucks. It recently launched a line of passenger cars as well. The company went public on the Hong Kong stock exchange in 2003 and got listed on the Shanghai Stock Exchange in 2011.

The automaker has about 60,000 employees on its payroll and operates four domestic plants in China. It has ramped up sales of the Great Wall series of SUVs as well as pickup trucks over the years. The company's annual domestic sales came to about 700,000 units in 2014.

Great Wall Motor started exporting vehicles in 1998. Russia, Chile and South Africa are its main export destinations. The company plans to build a new SUV plant in Thailand.

Wei Jianjun serves as Great Wall Motor's chairman and is referred to as a "military man" due to his strict management style. As such, he strictly supervises production management at its auto plants, research and development as well as sales and marketing strategies.

The company has achieved growth without forming partnerships with major foreign carmakers. It is now trying to develop eco-friendly vehicles, such as plug-in hybrids.

Business Summary

Great Wall Motor Co., Ltd. engages in the design, development, production, sale, and distribution of automobiles. Its products include sport utility vehicles, cars, pickups, and car-related automotive products. The company was founded on August 30, 1984 and is headquartered in Baoding, China.

Financial Highlights

Dec 2017 HKDUSD
Revenue112,153.61M14,391.92M
Gross Profit17,431.67M2,236.89M
Operating income6,532.10M838.22M
Income before tax7,187.15M922.27M
Net income5,796.91M743.87M
EBITDA10,113.97M1,297.85M
Diluted EPS0.630.08
Dividends Per Share0.210.02
Total Assets132,705.71M16,975.90M
Total liabilities71,810.59M9,186.11M
Total equity58,983.31M7,545.22M
Operating cash flow-1,083.66M-139.05M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 69,050.40M 75,911.34M 90,225.23M 110,746.09M 112,153.61M
Gross Profit 17,793.53M 18,735.55M 19,923.14M 23,702.64M 17,431.67M
Operating income 12,045.27M 11,480.32M 11,515.35M 14,545.04M 6,532.10M
Income before tax 12,501.58M 12,107.14M 11,941.00M 14,585.43M 7,187.15M
Net income 10,375.92M 10,120.50M 9,941.03M 12,328.16M 5,796.91M
EBITDA 13,514.78M 13,599.64M 13,959.25M 17,444.17M 10,113.97M
Diluted EPS 1.13 1.10 1.08 1.35 0.63
Dividends Per Share 0.34 0.33 0.32 0.39 0.21
Total Assets 67,376.32M 76,689.33M 85,849.26M 103,061.33M 132,705.71M
Total liabilities 29,253.29M 32,689.48M 38,021.79M 48,496.05M 71,810.59M
Total equity 35,856.75M 41,814.01M 45,748.11M 52,764.03M 58,983.31M
Operating cash flow 11,459.15M 7,687.87M 12,510.98M 10,366.51M -1,083.66M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 8,902.10M 9,789.09M 11,638.10M 14,266.88M 14,391.92M
Gross Profit 2,293.97M 2,416.03M 2,569.87M 3,053.49M 2,236.89M
Operating income 1,552.89M 1,480.43M 1,485.35M 1,873.76M 838.22M
Income before tax 1,611.72M 1,561.26M 1,540.26M 1,878.97M 922.27M
Net income 1,337.68M 1,305.08M 1,282.28M 1,588.17M 743.87M
EBITDA 1,742.34M 1,753.73M 1,800.59M 2,247.24M 1,297.85M
Diluted EPS 0.14 0.14 0.14 0.17 0.08
Dividends Per Share 0.04 0.04 0.04 0.05 0.02
Total Assets 8,689.51M 9,889.20M 11,077.10M 13,292.83M 16,975.90M
Total liabilities 3,772.79M 4,215.36M 4,905.94M 6,255.01M 9,186.11M
Total equity 4,624.44M 5,391.98M 5,902.86M 6,805.49M 7,545.22M
Operating cash flow 1,477.33M 991.38M 1,613.78M 1,335.46M -139.05M

Valuation Measures

Dec 2017
PER14.11
ROA4.91%
ROE10.37%
Operating margin5.82%
Profit margin5.16%

Key executives

  • Vice Chairman & General Manager: Feng Ying Wang
  • Chief Financial Officer & Deputy General Manager: Feng Zhen Li
  • Deputy General Manager: Chun Lai Zheng
  • Deputy General Manager: Shu Jie Hu
  • Deputy General Manager: Jian Jun Hao

Shareholders

  • The Vanguard Group, Inc. (3.5%)
  • UBS AG (Investment Management) (3.0%)
  • BlackRock Fund Advisors (2.0%)
  • Skagen AS (Investment Management) (1.8%)
  • Rothschild Asset Management SCS (1.4%)
  • Norges Bank Investment Management (1.2%)
  • Hang Seng Investment Management Ltd. (1.0%)
  • Fiera Capital, Inc. (1.0%)
  • JPMorgan Whitefriars (UK) (0.7%)
  • First State Investments (Hong Kong) Ltd. (0.7%)

Contact Details

Related Companies

  • Baoding Deye Auto Parts Co. Ltd.
  • Tianjin Boxin Automotive Parts Co. Ltd.
  • Baoding Exquisite Auto Mould Technology Co. Ltd.
  • Baoding Nuobo Rubber Manufacturing Co. Ltd.
  • Baoding Xinyuan Automobile Inner Decoration Co. Ltd.
  • Macs Baoding Auto A/C Systems Co. Ltd.
  • Baoding Great Wall Automobile After-Sales Services Co. Ltd.
  • Baoding Great Wall Huabei Automobile Co., Ltd.
  • Baoding Great Wall Automobile Sales Network Co., Ltd.
  • Baoding Huan Qiu Automotive Parts Co. Ltd.
  • Baoding Mind Auto Component Co. Ltd.
  • Baoding Great Wall Vehicle Axles Co. Ltd.
  • Baoding Xinghui Lamp Manufacturing Co. Ltd.
  • Tianjin Great Wall Lean Automotive Parts Co. Ltd.
  • Tianjin Great Wall Wantong Automotive Parts Co. Ltd.
  • Baoding Yimei Components & Accessories Co. Ltd.
  • Tide Technology & Trade Co. Ltd.
  • Baoding Yixin Auto Parts Co. Ltd.
  • Baoding Great Wall Internal Combustion Engine Mfg. Co. Ltd.

Competitors

  • Guangzhou Automobile Group Co., Ltd. Class H
  • Beiqi Foton Motor Co., Ltd. Class A
  • Dongfeng Automobile Co., Ltd. Class A
  • Zhejiang Jingu Co., Ltd. Class A
  • Zotye Automobile Co., Ltd. Class A
Last Updated on 15 Nov, 2018

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