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Consumer Durables

Great Wall Motor Co., Ltd.

  • 4.85 HKD
  • -0.01
  • -0.21%
  • China
    Aug 16, 2019
  • Ticker
    HKG(2333)
  • Prev. close
    4.86
  • Market cap (HKD)
    69,888.30M
  • Market cap (USD)
    8,911.48M
  • Shares
    9,127.27M

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 2018 HKDUSD
Revenue113,236.87M14,448.00M
Gross Profit16,094.64M2,053.53M
Operating income6,575.41M838.96M
Income before tax7,671.79M978.85M
Net income6,167.82M786.95M
EBITDA11,173.64M1,425.65M
Diluted EPS0.670.08
Dividends Per Share0.330.04
Total Assets127,492.39M16,283.90M
Total liabilities65,033.62M8,306.38M
Total equity59,897.06M7,650.32M
Operating cash flow23,574.80M3,007.93M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 75,911.34M 90,225.23M 110,746.09M 112,153.61M 113,236.87M
Gross Profit 18,735.55M 19,923.14M 23,608.54M 17,323.73M 16,094.64M
Operating income 11,506.69M 11,531.64M 14,464.93M 6,477.23M 6,575.41M
Income before tax 12,107.14M 11,941.00M 14,585.43M 7,187.15M 7,671.79M
Net income 10,120.50M 9,941.03M 12,328.16M 5,796.91M 6,167.82M
EBITDA 13,626.01M 13,975.55M 17,458.16M 10,167.04M 11,173.64M
Diluted EPS 1.10 1.08 1.35 0.63 0.67
Dividends Per Share 0.33 0.32 0.39 0.21 0.33
Total Assets 76,689.33M 85,849.26M 103,061.33M 132,705.71M 127,492.39M
Total liabilities 32,689.48M 38,021.79M 48,496.05M 71,810.59M 65,033.62M
Total equity 41,814.01M 45,748.11M 52,764.03M 58,983.31M 59,897.06M
Operating cash flow 7,687.87M 12,510.98M 10,366.51M -1,083.66M 23,574.80M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 9,789.09M 11,638.10M 14,266.88M 14,391.92M 14,448.00M
Gross Profit 2,416.03M 2,569.87M 3,041.37M 2,223.03M 2,053.53M
Operating income 1,483.83M 1,487.46M 1,863.44M 831.18M 838.96M
Income before tax 1,561.26M 1,540.26M 1,878.97M 922.27M 978.85M
Net income 1,305.08M 1,282.28M 1,588.17M 743.87M 786.95M
EBITDA 1,757.13M 1,802.69M 2,249.05M 1,304.66M 1,425.65M
Diluted EPS 0.14 0.14 0.17 0.08 0.08
Dividends Per Share 0.04 0.04 0.05 0.02 0.04
Total Assets 9,889.20M 11,077.10M 13,292.83M 16,975.90M 16,283.90M
Total liabilities 4,215.36M 4,905.94M 6,255.01M 9,186.11M 8,306.38M
Total equity 5,391.98M 5,902.86M 6,805.49M 7,545.22M 7,650.32M
Operating cash flow 991.38M 1,613.78M 1,335.46M -139.05M 3,007.93M

Valuation Measures

Dec 2018
PER6.64
ROA4.74%
ROE10.37%
Operating margin5.80%
Profit margin5.44%

Key executives

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

Shareholders

  • The Vanguard Group, Inc. (3.6%)
  • UBS AG (Investment Management) (3.0%)
  • BlackRock Fund Advisors (1.9%)
  • Dimensional Fund Advisors LP (1.6%)
  • Fiera Capital, Inc. (1.5%)
  • Rothschild Asset Management SCS (1.4%)
  • Norges Bank Investment Management (1.1%)
  • BlackRock Investment Management (UK) Ltd. (1.1%)
  • WEI JIAN JUN (0.9%)
  • BlackRock International Ltd. (0.8%)

Contact Details

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Competitors

  • Beiqi Foton Motor Co., Ltd. Class A
  • Dongfeng Automobile Co., Ltd. Class A
  • Zotye Automobile Co., Ltd. Class A
Last Updated on 16 Aug, 2019

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