On the evening of July 20, Great Wall Motor Co., Ltd. released its 2021 interim performance report, which showed that Great Wall Motors’ operating income from January to June was 62.159 billion yuan, an increase of 73% compared with the same period in 2020.

Text: Understand Chedi Original Weiwei

[ Understand Chedi Original Industry] On the evening of July 20, Great Wall Motor Co., Ltd. (hereinafter referred to as " Great Wall Motor ") released the 2021 interim performance report, which shows that, 1-June Great Wall Motors operating revenue was 62.159 billion yuan, an increase of 73% compared with the same period in 2020. Net profit was 3.498 billion yuan, a year-on-year increase of 205.19%. The non-net profit attributable to shareholders of listed companies was 2.831 billion yuan, an increase of 252.78% compared with 802 million yuan in the same period in 2020.

Screenshot from Great Wall Motors announcement

Screenshot from Great Wall Motors announcement

Great Wall Motors pointed out in the report that the main reason for the year-on-year increase in net profit attributable to shareholders of the company during the reporting period was the increase in vehicle sales and gross profit. During the reporting period, the company continued to implement the category focus strategy, increased its efforts to develop international markets, and actively promoted the development of new energy and intelligence. The company's product structure was further optimized, and the company's profitability continued to improve.

According to Great Wall Motors announcement, Great Wall Motors vehicle sales from January to June this year were 618,211 units, a year-on-year increase of 56.47%. Among them, the cumulative sales of the Haval brand were 391,541 units, a year-on-year increase of 49.3%; the global cumulative sales of the Great Wall pickup truck in the first half of the year were 118,066 units, a year-on-year increase of 23.2%, and the domestic market share was nearly 50%; the cumulative sales of WEY in the first half of the year were 22,984 units, a year-on-year increase of 22,984 units. A decrease of 13.7%; the cumulative sales of the Euler brand in the first half of the year were 52,547 units, a year-on-year increase of 456.9%; the newly established tank brand sold a total of 33,073 units in the first half of the year.

In addition, Great Wall Motors also released the second equity incentive plan for employees in the first half of this year. It is reported that the two-phase equity incentive plan of Great Wall Motors has been awarded to more than 12,000 people, covering 50% of core employees. Great Wall Motors said that in the future, a wide-coverage equity incentive model will be implemented on a rolling basis to cover 100% of the value. staff.