Great Wall Motor Co., Ltd.
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- Ramadan begins, SGX results and rural India reopens Apr 19, 2020
- Renault pulls out of China joint venture as auto outlook darkens Apr 14, 2020 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
Financial Highlights
| Dec 2019 | HKD | USD |
| Revenue | 105,501.95M | 13,465.12M |
| Gross Profit | 14,469.36M | 1,846.71M |
| Operating income | 4,739.31M | 604.87M |
| Income before tax | 5,439.22M | 694.20M |
| Net income | 5,099.08M | 650.79M |
| EBITDA | 9,970.96M | 1,272.58M |
| Diluted EPS | 0.55 | 0.07 |
| Dividends Per Share | 0.27 | 0.03 |
| Total Assets | 126,509.12M | 16,236.18M |
| Total liabilities | 63,205.35M | 8,111.77M |
| Total equity | 60,850.72M | 7,809.58M |
| Operating cash flow | 15,961.58M | 2,037.16M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 90,225.23M | 110,746.09M | 112,153.61M | 113,236.87M | 105,501.95M |
| Gross Profit | 19,923.14M | 23,608.54M | 17,323.73M | 16,094.64M | 14,469.36M |
| Operating income | 11,531.64M | 14,470.37M | 6,477.23M | 6,575.41M | 4,739.31M |
| Income before tax | 11,941.00M | 14,585.43M | 7,187.15M | 7,671.79M | 5,439.22M |
| Net income | 9,941.03M | 12,328.16M | 5,796.91M | 6,167.82M | 5,099.08M |
| EBITDA | 13,975.55M | 17,463.60M | 10,167.04M | 11,173.64M | 9,970.96M |
| Diluted EPS | 1.08 | 1.35 | 0.63 | 0.67 | 0.55 |
| Dividends Per Share | 0.32 | 0.39 | 0.21 | 0.33 | 0.27 |
| Total Assets | 85,849.26M | 103,138.75M | 132,705.71M | 127,492.39M | 126,509.12M |
| Total liabilities | 38,021.79M | 48,466.97M | 71,810.59M | 65,033.62M | 63,205.35M |
| Total equity | 45,748.11M | 52,764.03M | 58,983.31M | 59,897.06M | 60,850.72M |
| Operating cash flow | 12,510.98M | 10,366.51M | -1,083.66M | 23,574.80M | 15,961.58M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 11,638.10M | 14,266.88M | 14,391.92M | 14,448.00M | 13,465.12M |
| Gross Profit | 2,569.87M | 3,041.37M | 2,223.03M | 2,053.53M | 1,846.71M |
| Operating income | 1,487.46M | 1,864.14M | 831.18M | 838.96M | 604.87M |
| Income before tax | 1,540.26M | 1,878.97M | 922.27M | 978.85M | 694.20M |
| Net income | 1,282.28M | 1,588.17M | 743.87M | 786.95M | 650.79M |
| EBITDA | 1,802.69M | 2,249.75M | 1,304.66M | 1,425.65M | 1,272.58M |
| Diluted EPS | 0.14 | 0.17 | 0.08 | 0.08 | 0.07 |
| Dividends Per Share | 0.04 | 0.05 | 0.02 | 0.04 | 0.03 |
| Total Assets | 11,077.10M | 13,302.81M | 16,975.90M | 16,283.90M | 16,236.18M |
| Total liabilities | 4,905.94M | 6,251.26M | 9,186.11M | 8,306.38M | 8,111.77M |
| Total equity | 5,902.86M | 6,805.49M | 7,545.22M | 7,650.32M | 7,809.58M |
| Operating cash flow | 1,613.78M | 1,335.46M | -139.05M | 3,007.93M | 2,037.16M |
Valuation Measures
| Dec 2019 | |
| PER | 10.30 |
| ROA | 4.01% |
| ROE | 8.44% |
| Operating margin | 4.49% |
| Profit margin | 4.83% |
Key executives
- Vice Chairman & General Manager: Feng Ying Wang
- Chief Financial Officer: Hong Shuan Li
- Deputy General Manager: Guo Qing Zhao
- Securities Representative: Yong Jun Chen
- Board Secretary: Hui Xu
Shareholders
- The Vanguard Group, Inc. (3.4%)
- Fidelity Management & Research Co. LLC (2.5%)
- BlackRock Fund Advisors (2.3%)
- Dimensional Fund Advisors LP (1.6%)
- Fiera Capital, Inc. (1.2%)
- WEI JIAN JUN (1.2%)
- Rothschild Asset Management SCS (1.1%)
- Zhong Ou Asset Management Co., Ltd (0.9%)
- BlackRock Advisors (UK) Ltd. (0.5%)
- HSBC Global Asset Management (Hong Kong) Ltd. (0.5%)
Contact Details
- Website:http://www.gwm.com.cn
- Phone: +86.312.2196670
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Competitors
- Guangzhou Automobile Group Co., Ltd. Class H
- SAIC Motor Corporation Limited Class A
- Tata Motors Limited
- Geely Automobile Holdings Limited
- Maruti Suzuki India Limited
- Toyota Motor Corp.
- BAIC Motor Corporation Limited Class H
- Brilliance China Automotive Holdings Limited
- Volkswagen AG Pref
- Hyundai Motor Company
- BYD Company Limited Class H
- KIA Motors Corporation
- Nissan Motor Co., Ltd.
- Dongfeng Motor Group Co., Ltd. Class H
- Anhui Jianghuai Automobile Group Corp., Ltd. Class A
- Jiangling Motors Co., Ltd. Class B
- General Motors Company
- Beiqi Foton Motor Co., Ltd. Class A
- Renault SA
- Honda Motor Co., Ltd.
- Mahindra & Mahindra Ltd.
- AvtoVAZ PJSC
- Liaoning SG Automotive Group Co. Ltd. Class A
- Isuzu Motors Limited
- Dongfeng Automobile Co., Ltd. Class A
- Hanma Technology Group Co., Ltd. Class A
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Last Updated on 25 Jan, 2021
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