Great Wall Motor Co., Ltd.

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See more articles on Great Wall Motor Co., Ltd.

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. The firms products include sport utility vehicles, cars, pickups, and car-related automotive. Its brands include HAVAL, WEY, ORA, and GWM PICKUP. The company was founded on August 30, 1984 and is headquartered in Baoding, China.

Financial Highlights

Dec 2021	HKD	USD
Revenue	159,293.39M	20,493.59M
Gross Profit	21,131.37M	2,718.61M
Operating income	4,473.16M	575.48M
Income before tax	7,792.35M	1,002.51M
Net income	8,106.36M	1,042.90M
EBITDA	11,214.54M	1,442.78M
Diluted EPS	0.88	0.11
Dividends Per Share	0.44	0.05
Total Assets	214,570.60M	27,522.10M
Total liabilities	133,539.78M	17,128.61M
Total equity	75,994.62M	9,747.52M
Operating cash flow	43,227.98M	5,561.41M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	112,153.61M	113,236.87M	105,501.95M	112,835.48M	159,293.39M
Gross Profit	17,323.73M	16,094.64M	14,469.36M	16,464.98M	21,131.37M
Operating income	6,477.23M	6,575.41M	4,739.31M	4,998.51M	4,473.16M
Income before tax	7,187.15M	7,671.79M	5,439.22M	5,972.81M	7,792.35M
Net income	5,796.91M	6,167.82M	5,099.08M	6,025.79M	8,106.36M
EBITDA	10,167.04M	11,173.64M	9,970.96M	10,480.03M	11,214.54M
Diluted EPS	0.63	0.67	0.55	0.65	0.88
Dividends Per Share	0.21	0.33	0.27	0.33	0.44
Total Assets	132,705.71M	127,492.39M	126,509.12M	182,602.21M	214,570.60M
Total liabilities	71,810.59M	65,033.62M	63,205.35M	110,510.94M	133,539.78M
Total equity	58,983.31M	59,897.06M	60,850.72M	67,986.80M	75,994.62M
Operating cash flow	-1,083.66M	23,574.80M	15,961.58M	6,570.17M	43,227.98M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	14,391.92M	14,448.00M	13,465.12M	14,548.16M	20,493.59M
Gross Profit	2,223.03M	2,053.53M	1,846.71M	2,122.87M	2,718.61M
Operating income	831.18M	838.96M	604.87M	644.47M	575.48M
Income before tax	922.27M	978.85M	694.20M	770.08M	1,002.51M
Net income	743.87M	786.95M	650.79M	776.92M	1,042.90M
EBITDA	1,304.66M	1,425.65M	1,272.58M	1,351.21M	1,442.78M
Diluted EPS	0.08	0.08	0.07	0.08	0.11
Dividends Per Share	0.02	0.04	0.03	0.04	0.05
Total Assets	16,975.90M	16,283.90M	16,236.18M	23,549.87M	27,522.10M
Total liabilities	9,186.11M	8,306.38M	8,111.77M	14,252.39M	17,128.61M
Total equity	7,545.22M	7,650.32M	7,809.58M	8,768.13M	9,747.52M
Operating cash flow	-139.05M	3,007.93M	2,037.16M	847.10M	5,561.41M

Valuation Measures

Dec 2021
PER	30.34
ROA	4.08%
ROE	11.26%
Operating margin	2.80%
Profit margin	5.08%

Key executives

General Manager: Feng Ying Wang
Chief Financial Officer & Executive Director: Hong Shuan Li
Vice Chairman & Deputy General Manager: Guo Qing Zhao
Senior Manager: Qian Ye
Securities Representative: Yong Jun Chen

Shareholders

E Fund Management Co., Ltd. (4.9%)
Schroder Investment Management (Hong Kong) Ltd. (3.5%)
The Vanguard Group, Inc. (3.5%)
BlackRock Fund Advisors (2.5%)
Bosera Asset Management Co., Ltd. (2.3%)
Schroder Investment Management (Singapore) Ltd. (2.1%)
Orient Securities Asset Management Co. Ltd. (1.7%)
WEI JIAN JUN (1.2%)
China Merchants Fund Management Co., Ltd. (1.0%)
Aegon-Industrial Fund Management Co., Ltd. (0.7%)

Contact Details

Website:http://www.gwm.com.cn
Phone: +86.312.2197813

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Competitors

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Chongqing Changan Automobile Company Limited Class A
Honda Motor Co., Ltd.
Isuzu Motors Limited
Hanma Technology Group Co., Ltd. Class A

Last Updated on 24 Jun, 2022