Guohai Securities released a research report on April 27 stating that it gave Great Wall Motor (601633.SH) an increase in its holdings. The main reasons for the rating include: 1) continuous optimization of the 2024Q1 product structure, steady increase in
Guohai Securities released a research report on April 27 stating that it gave Great Wall Motor (601633.SH) an increase in its holdings. The main reasons for the rating include: 1) continuous optimization of the 2024Q1 product structure, steady increase in new energy sales and overseas sales; 2) continuous optimization of the “dealer+direct management” dual-sales marketing system to enrich user touchpoints within the marketing system. (Mainichi Keizai Shimbun)
Great Wall Motor (601633): Excellent 24Q1 performance, overseas business can be expected
Great Wall Motors released its report for the first quarter of 2024. The company achieved revenue of 42.9 billion yuan in 2024Q1, +48% year over year, mainly due to increased vehicle sales and increased bicycle revenue; achieved net profit of 3.2 billion yuan to mother, +
Express News | Market news: Great Wall Motor will set up a factory in southern Hungary.
Express News | Seven departments: Automobile trade-in subsidy funds are shared by the central finance and local finance in an overall ratio of 6:4
Express News | Seven departments including the Ministry of Commerce and the Ministry of Finance: The “Rules” clarify the subsidy application process. Individual consumers who wish to apply for a car trade-in subsidy should fill in the application materials by logging on
Great Wall Motor (601633): Significant improvement in sales structure, quarterly results exceeded expectations
Investment highlights: On April 24, 2024, the company released its 2024 quarterly report. 2024Q1 achieved total sales volume of 275,300 vehicles, +25.1% over the same period last year, including Haval, Wei, Tank, Euler, and Pickup points
Express News | Seven departments including the Ministry of Commerce and the Ministry of Finance jointly issued the “Automobile Trade-In Subsidies Implementation Rules” with a maximum subsidy of 10,000 yuan
The popularity of auto shows led to a rebound in Hong Kong auto stocks. Agencies expect the sales growth rate of new energy vehicles to still exceed 30% in April
① The popularity of auto shows has led to a rebound in Hong Kong auto stocks. Which individual stocks are the most active? ② The agency expects the sales growth rate of new energy vehicles to exceed 30% in April. How will the industry sentiment change?
Express News | Netizens reported that new energy vehicles are difficult to charge on highways, high fees, etc., and the National Energy Administration responded
Express News | CITIC Securities: Raise the target price of Changqi to HK$17 and increase earnings estimates per share from 2024 to 26
Research Nuggets | CITIC Securities: Raising Changqi's target price to HK$17 and raising earnings estimates per share for 2024-26
Gelonghui, April 26 | CITIC Securities released a report saying that Changqi's overseas market has gradually grown, and its export scale has surged since 2021. Overseas sales have tripled in three years, and gross margin has been 10 percentage points higher than domestic sales for two consecutive years. In addition to the Russian market, the company has also achieved significant growth in markets such as Australia and Brazil, proving that successful products and operations can be replicated. According to the report, the scale effect of Changqi's overseas markets will contribute to excess profits, reduce cost rates, and increase net profit margins. Referring to the Suzuki Motor case, the increase in overseas business exposure has clearly boosted net profit margin and ROE, and Great Wall Motor is expected to achieve greater success in overseas markets in the future
Buy Rating for Great Wall Motor Co. Amid Strong Q1 Profits and Promising EV Outlook
CITIC Securities: Increase the target price to HK$17 in the “buy” rating for Great Wall Motor (02333.HK)
CITIC Securities released a research report stating that it gave Great Wall Motor (02333.HK) a “buy” rating, taking into account that the monthly export sales volume in March further proved the certainty of export growth and that export profits were higher than domestic, raised the company's 2024-2026 earnings forecast to 1.19/1.42/1.67. The original forecast was 1.11/1.29/1.5 yuan, and the target price was raised from HK$15 to HK$17.
Express News | Lei Jun sent Wei Jianjun an SU7: it was easy for him to drive 240 miles to the test site
Debon Securities released a research report on April 26 stating that it gave Great Wall Motor (601633.SH) a purchase rating. The main reasons for the rating include: 1) benefiting from model structure optimization, the 2024Q1 bicycle sales price increased
Debon Securities released a research report on April 26 stating that it gave Great Wall Motor (601633.SH) a purchase rating. The main reasons for the rating include: 1) benefiting from model structure optimization, the 2024Q1 bicycle sales price increased month-on-month; 2) the 2024Q1 bike's net profit increased month-on-month; 3) the company accelerated new energy and intelligent transformation, and deepened the “ecological overseas” process. (Mainichi Keizai Shimbun)
Express News | Mu Feng, CEO of Great Wall Motors: The goal is to sell more than one million vehicles overseas by 2030, with high-end models accounting for more than 1/3
Bank Rating | CMB International: Raising Changqi's Target Price to HK$14 to Maintain “Buy” Rating
Gelonghui, April 26 | CMB International released a report stating that Changqi's net profit for the first quarter of this year was 3.2 billion yuan, exceeding investors' original forecasts, strengthening the bank's confidence in its profitability throughout the year. The bank raised Changqi's annual net profit forecast by 25% to 9.9 billion yuan, and believes that the company still needs to launch high-sales new energy vehicles in mainstream markets to increase investors' confidence in its electrification transformation. Also, it maintained its sales forecast of 1.35 million vehicles this year, with a 10% year-on-year increase, and an average sales price forecast increase of 3%; as the gross margin for the first quarter exceeded expectations, the bank raised Changqi's annual gross margin forecast by 0.3 percentage points to 18.9%. Furthermore,
Great Wall Motor (02333.HK) gains 6.9573 million shares from J.P. Morgan
Gelonghui, April 26 | According to the latest equity disclosure data on the Stock Exchange, on April 22, 2024, Great Wall Motor (02333.HK) obtained JPMorgan Chase & Co. to increase its holding of 6.9573 million shares at an average price of HK$10.3687 per share, involving approximately HK$72.377 million. After the increase in holdings, JPMorgan Chase & Co.'s latest number of open positions was 116,925,519 shares, and the holding ratio increased from 4.74% to 5.04%.
CPCA Expects China's NEV Retail Sales at 720,000 in Apr, Flat From Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
Great Wall Motor (601633): Excellent performance in Q1, the company ushered in comprehensive transformation
Incident: Great Wall Motor released its 2024 quarterly report, achieving revenue of 42.86 billion yuan, +47.6% year on year, net profit of 3.23 billion yuan, +1752.6% year over year, after deducting 2.02 billion yuan in non-net profit (last year
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