601633 Great Wall Motor
- 25.50
- +0.05+0.20%
Great Wall Motor News
Breaking news in the middle of the night! Foreign capital is making a move! They are heavily buying up assets in China.
Foreign giants make a heavy move.
China NEV Retail at 790,000 in May, up 17% From Apr, Preliminary CPCA Data Show
China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.
Guosheng Securities: The automotive sector is becoming increasingly polarized, focusing on the main themes of new cars, intelligentization, and globalization.
Although the auto sector's valuation is affected by domestic price wars and expectations of overseas tariffs, top companies still have potential to perform well, given the continued verification of the industry's logic in terms of intelligence, high-end development, and globalization, ensuring sales are secure throughout the year.
Express News | According to the China Association of Automobile Manufacturers, preliminary statistics show that the retail sales of electric vehicles in May reached 790,000, an increase of 36% year-on-year.
Express News | According to the initial statistics of the China Passenger Car Association, there were 1.685 million passenger vehicles sold in the market in May, a 3% decrease compared to the same period last year.
Great Wall Motor May See Softer Sales This Year -- Market Talk
0637 GMT - Great Wall Motor may see softer sales in 2024 after the company's recent tepid monthly sales trend, Citi analysts write in a note. They cut this year's sales forecast to 1.44 million units
Intraday Overview | Hong Kong's three major indexes all rose, with strong performance from semiconductor stocks, and Hua Hong Semiconductor rising more than 4%.
Auto stocks rebound, Great Wall Motor and Leapmotor rise over 3%, BYD Company rises nearly 3%, Geely Auto and Xpeng rise over 2%.
CICC: Maintains "Outperform" rating for Great Wall Motor (02333), raises target price to HKD 16.
Zhijing Finance APP learned that CICC released a research report stating that it maintains a "beat the industry" rating for Great Wall Motor (02333) and raised its target price to HKD 16. The report stated that Great Wall Motor's overseas sales in May remained strong, and overseas markets are important for the group's strategic development and profit contribution. The bank believes that the rapid expansion of dealers and the launch of regional vehicle models are expected to drive the group's overseas sales growth in the second half of this year. The bank looks forward to the launch of new models such as New Blue Mountain, Haval H9, and P-series truck, which will boost the company's sales. CICC believes that the group's operating profit has exceeded RMB 2 billion for three consecutive quarters, thanks to its overseas business and tank brand.
Express News | Citic Sec: Still bullish on the sales volume and overseas prospects of electric vehicles throughout the year.
Express News | Hong Kong stock auto stocks rebounded, Leap Motor, Great Wall Motor both up more than 3.5%, Geely Auto up nearly 3%, Xpeng and BYD Company both up more than 2.5%, NIO Inc up 1.6%.
Hong Kong stocks fluctuate | Auto stocks rebound in early trading, May auto market fully recovers, and smart connected cars accelerate evolution.
According to the Zhitong Finance APP, auto stocks rebounded in early trading. As of press time, Great Wall Motor (02333) rose 3.45% to HKD 12.6; Leapmotor (09863) rose 3.35% to HKD 29.3; Geely Auto (00175) rose 2.99% to HKD 9.9; BYD Company (01211) rose 2.69% to HKD 237; Guangzhou Automobile Group (02238) rose 1.83% to HKD 3.33; NIO Inc. (09866) rose 1.68% to HKD 42.25. In terms of news, new energy vehicle companies announced their May delivery data recently.
Announcement Selection | Wanyun plans to use up to HKD 5.8 billion for share repurchase; Gemdale PPT's contract sales fell more than 50% in the first five months.
How many shares will Fangdd repurchase with the maximum HKD 5.8 billion? With Gemdale PPT, the sales of the first five months decreased by over 50%, what is the remaining sales scale?
Express News | Chang'an Automobile Convertible Bonds: Results of Debt-for-Equity Swaps and Changes in Shareholding
Great Wall Motor (02333): Distributes a cash dividend of 0.3 yuan per share for A-shares, ex-rights and ex-dividends on June 12th.
Great Wall Motor (02333) released an annual equity distribution implementation announcement for A shares in 2023, with a cash dividend of 0.30 yuan per share (including tax) for A shares. The record date for equity is June 11, 2024, and the ex-rights and ex-dividend date and cash dividend payment date are June 12, 2024.
Great Wall Motor (02333): The conversion price of 'Changqi Convertible Bonds' has been adjusted to RMB 39.64 per share.
Great Wall Motor (02333) announced that due to the implementation of equity distribution, the relevant securities of the company's trading suspension and resumption are as follows: equity...
As of the end of May, the amount of convertible bonds of Great Wall Motor (02333) that have not been converted is RMB 3.495 billion.
Great Wall Motor (02333) announced that between May 1, 2024 and May 31, 2024, a total of 5,000 yuan of debt-for-equity swaps have been converted into company stocks, with a conversion ratio of 125 shares, accounting for 0.0000014% of the total issued shares of the company before conversion from convertible bonds. From December 17, 2021 to May 31, 2024, a total of 4.724 million yuan of convertible bonds have been converted to company stocks, with a cumulative conversion ratio of 124,100 shares, accounting for 0.001344% of the total issued shares of the company before conversion from convertible bonds. As of the announcement date.
Great Wall Motor (02333) plans to repurchase and cancel a total of 74,600 restricted stocks from the initial grant.
Zhitoon Finance APP News, Great Wall Motor (02333) announced that the company held the 17th meeting of the 8th Board of Directors on June 4, 2024. It passed the resolution on "First Grant and Reserved Grant of Restricted Stocks of 2021 for Restricted Stock Incentive Plan Buyback and Cancellation," according to the Great Wall Motor 2021 Restricted Stock Incentive Plan. Due to the resignation or demotion of some incentive targets of the company, in accordance with the relevant provisions of the "Great Wall Motor Limited Long-term Incentive Mechanism Management Measures" and the "2021 Restricted Stock Incentive Plan," the company intends to repurchase and cancel.
Express News | According to preliminary monthly data estimates from the China Passenger Car Association, wholesale sales of new energy passenger vehicles nationwide in May were 910,000 units, a year-on-year increase of 35% and a month-on-month increase of 16%.
Express News | Four departments: Speeding up the mass production of intelligent network-connected auto products through pilots to drive the integration of the automobile industry with new energy, AI, information and communication.
Express News | Four departments are conducting pilot tests for the admission and on-road passage of smart-connected new energy autos in an orderly manner.
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