Great Wall Motor Co (2333) AI Stock Analysis

• Market Cap: HK$182.07B
• Dividend Yield: 2.69%
• Average Volume (3M): 25.49M
• Price to Earnings (P/E): 8.6
• Beta (1Y): 0.92
• Revenue Growth: 5.32%
• EPS Growth: 10.61%
• Country: HK
• Employees: 84,915
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Auto - Manufacturers
• EPS (TTM): 1.43
• Shares Outstanding: 2,318,776,000
• 10 Day Avg. Volume: 27,422,091
• 30 Day Avg. Volume: 25,492,530
• PEG Ratio: 0.40
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -20.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$14.36
• Price Target Upside: 14.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 70 Neutral
• Price Target: ―

Great Wall Motor Co demonstrates strong financial performance with robust revenue growth and cash flow management, although an increase in debt warrants caution. The stock currently shows bearish technical indicators, but its undervaluation presents a potential buying opportunity. The absence of significant new information from earnings calls or corporate events limits immediate impact, but the company remains well-positioned in the auto manufacturing industry.

Positive Factors

Export Sales

Export sales continue to be robust, up 47% y/y to 44k in Sep.

Product Lineup

New products should support future car sales, like the new WEY Blue Mountain that was launched in late Aug.

Negative Factors

Currency and Taxation Impact

3Q24 net profit miss on FX loss and VAT refund.

Financial Performance

Net earnings declined 8% y/y to Rmb3.3bn in 3Q24, below expectations, on higher-than-expected selling expense.

Macroeconomic Challenges

The macroeconomic slowdown in China and tense market competition are challenging factors for the company's growth.

Great Wall Motor Co Business Overview & Revenue Model

Company Description

Great Wall Motor Company Limited researches and develops, manufactures, and sells automobiles, and automotive parts and components in China, Russia, South Africa, Australia, Saudi Arabia, Chile, and internationally. The company offers pick-up trucks, SUVs, sedans, and energy vehicles primarily under the Haval, WEY, ORA, Tank, and Great Wall Pickup brand names; and unmanned vehicles. It also provides auto molds; new energy vehicle transmission and electric drive system; repairs automobiles; and transports general goods, as well as daily cargo transportation services. In addition, the company offers investment and financing, buildings rental, logistics, business information consultation, scrap car recycling and dismantling, finance leasing, asset management, equity investment, technology information and development, trade consultation, international trade, financial guarantee, and after-sales services, as well as automotive technology research, development, and technical consultation services. Further, it processes, recycles, and sells waste and used materials; and sells lubricants. Additionally, the company engages in the wholesale and retail of car accessories. It also exports its products. Great Wall Motor Company Limited was formerly known as Baoding Great Wall Motor Company Limited and changed its name to Great Wall Motor Company Limited in May 2003. The company was founded in 1984 and is headquartered in Baoding, China. Great Wall Motor Company Limited is a subsidiary of Baoding Innovation Great Wall Asset Management Company Limited.

How the Company Makes Money

Great Wall Motor Co. generates revenue primarily through the sale of its vehicles across various segments, including SUVs, passenger cars, and pickup trucks. The company's key revenue streams include domestic sales in China, which remains its largest market, and international sales as it expands its presence in global markets. Additionally, Great Wall Motor Co. benefits from its well-established dealer network and after-sales services, which contribute to its earnings. Strategic partnerships and joint ventures with other automotive companies and technology firms also play a role in enhancing its product offerings and technological capabilities, which in turn drive sales and revenue growth.

Great Wall Motor Co Financial Statement Overview

Summary

Great Wall Motor Co demonstrates strong financial health with impressive revenue and profit growth, efficient cost management, and robust cash flow generation. The increase in total debt is a concern, but the company's strong equity position and cash flow capabilities mitigate this risk.

Income Statement

Great Wall Motor Co has shown impressive growth with a consistent increase in total revenue from 2019 to 2024. The gross profit margin and net profit margin have improved over the years, indicating enhanced efficiency and profitability. The EBITDA and EBIT margins are robust, reflecting the company's ability to manage its operational costs effectively. Revenue growth has been strong, particularly from 2023 to 2024, demonstrating a positive growth trajectory.

Balance Sheet

The company's balance sheet shows a healthy equity ratio, indicating a strong capital structure with a significant portion of total assets funded by equity. The debt-to-equity ratio is reasonable, suggesting manageable leverage levels. Return on equity has improved, highlighting the company's ability to generate profit from shareholder investments. However, there is a notable increase in total debt from 2022 to 2024, which could pose potential risks if not managed carefully.

Cash Flow

Great Wall Motor Co exhibits strong cash flow management with a significant increase in free cash flow from 2023 to 2024, reflecting its ability to generate cash after capital expenditures. The operating cash flow to net income ratio is healthy, indicating efficient conversion of net income into cash. The company has shown resilience in maintaining positive free cash flow, which supports potential reinvestment and debt repayment strategies.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
194.67B	199.61B	173.21B	137.34B	136.40B	103.31B
	Gross Profit
39.19B	38.78B	32.44B	26.60B	22.04B	17.78B
	EBIT
14.01B	13.92B	7.20B	7.97B	6.37B	5.75B
	EBITDA
17.05B	16.05B	11.99B	16.06B	8.97B	11.25B
	Net Income Common Stockholders
12.74B	12.69B	7.02B	8.27B	6.73B	5.36B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.09B	47.14B	50.01B	37.83B	39.09B	19.41B
	Total Assets
113.10B	217.27B	201.27B	185.36B	175.41B	154.01B
	Total Debt
5.63B	57.89B	57.93B	30.72B	21.48B	20.07B
	Net Debt
-4.10B	27.15B	19.59B	-5.05B	-11.57B	5.48B
	Total Liabilities
58.70B	138.27B	132.76B	120.14B	113.28B	96.67B
	Stockholders Equity
54.40B	78.99B	68.50B	65.20B	62.12B	57.34B
Cash Flow		Free Cash Flow
16.09B	16.05B	1.04B	―	22.22B	―
	Operating Cash Flow
29.60B	0.00	17.75B	12.31B	35.32B	5.18B
	Investing Cash Flow
-4.85B	―	-10.45B	―	―	―
	Financing Cash Flow
-4.40B	―	1.05B	―	―	11.37B

Great Wall Motor Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.58
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2333, the sentiment is Positive. The current price of 12.58 is above the 20-day moving average (MA) of 12.31, above the 50-day MA of 12.35, and below the 200-day MA of 12.82, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 53.97 is Neutral, neither overbought nor oversold. The STOCH value of 71.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2333.

Great Wall Motor Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2333	70 Neutral	HK$182.07B	8.62	14.58%	2.69%	5.32%	10.61%
Sector *	62 Neutral	$6.84B	11.41	2.80%	3.87%	2.70%	-24.58%
GELYF		$23.05B	8.01	24.35%	1.23%	―	―
GNZUF		$8.79B	31.53	-0.98%	5.22%	―	―
L87		€26.20B	26.29	12.25%	―	―	―
9868	56 Neutral	HK$148.11B	―	-15.50%	―	49.80%	50.02%
9866	41 Neutral	HK$57.22B	―	-239.29%	―	16.59%	13.32%

Great Wall Motor Co Corporate Events

Great Wall Motor Reports April 2025 Production and Sales Figures

Great Wall Motor Company Limited announced its production and sales volumes for April 2025, highlighting a total sales volume of 100,061 units, marking a 5.55% increase compared to the same period last year. Despite a decline in year-to-date figures by 3.58%, the company saw growth in overseas sales with 32,165 units sold in April, and a notable performance in New Energy Vehicles (NEV) with 28,813 units sold. These figures reflect the company’s strategic focus on expanding its international market presence and enhancing its NEV segment, which are crucial for its competitive positioning in the global automotive industry.

Great Wall Motor Reports Decline in Q1 2025 Financial Results

Great Wall Motor Company Limited has released its unaudited financial results for the first quarter of 2025, reporting a decrease in total operating revenue by 6.63% compared to the same period last year. The net profit attributable to shareholders also saw a significant decline of 45.60%, with a notable drop in net cash flow from operating activities. These results indicate a challenging financial period for the company, potentially impacting its market positioning and stakeholder confidence.

Great Wall Motor’s 2025 Guarantees Plan Approved at EGM

Great Wall Motor Company Limited announced the successful passing of a resolution at its extraordinary general meeting held on April 23, 2025. The resolution, which was approved by a majority of shareholders, involves the Plan of Guarantees for the Year 2025. This decision reflects the company’s strategic direction and commitment to its financial planning, potentially impacting its operational stability and stakeholder confidence.

Great Wall Motor Announces Board Meeting to Review Q1 Results

Great Wall Motor Company Limited has announced a board meeting scheduled for April 25, 2025, to consider and approve the unaudited first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder confidence.

Great Wall Motor Reports Mixed Sales Figures for March 2025

Great Wall Motor Company Limited announced its production and sales figures for March 2025, revealing a slight decline in overall sales and production compared to the previous year. Despite a decrease in sales for some models like Haval and ORA, the company saw significant growth in the WEY and Great Wall Pick-up categories. Overseas sales and NEV sales showed promising numbers, with 31,806 and 25,174 units sold in March, respectively. These figures, however, are unaudited and may be subject to adjustments.

Great Wall Motor Proposes 2024 Profit Distribution

Great Wall Motor Company Limited has announced a profit distribution proposal for the year 2024, which includes distributing cash dividends of RMB0.45 per share to its shareholders. This proposal, accounting for 30.36% of the net profit attributable to shareholders, is based on the company’s actual business operations in 2024 and complies with relevant regulatory requirements. The proposal aims to ensure no adverse impact on the company’s operating cash flows or long-term development and awaits approval at the annual general meeting.

Great Wall Motor Co. Re-Appoints Deloitte CPA as Auditor

Great Wall Motor Co. has announced the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as its auditor. Deloitte CPA, with a significant presence in the audit and securities service industries, brings extensive experience and a strong track record in safeguarding investors’ interests. This decision underscores the company’s commitment to maintaining transparency and robust financial practices, which is crucial for its stakeholders and market positioning.

Great Wall Motor Reports Strong 2024 Financial Results and Proposes Dividend

Great Wall Motor Company Limited announced its audited financial results for the year ending December 31, 2024, reporting a net profit attributable to shareholders of RMB12.69 billion. The company proposed a cash dividend of RMB0.45 per share, pending approval at the annual general meeting. The announcement underscores the company’s stable financial performance and commitment to shareholder returns, with no significant operational risks reported during the period.

Great Wall Motor Adjusts Accounting Policies for Warranty Expenses

Great Wall Motor Company Limited has announced changes in its accounting policies following the Ministry of Finance’s issuance of Interpretation No. 18 of the Accounting Standards for Business Enterprises. These changes, effective from January 1, 2024, involve reclassifying assurance-type warranty expenses from selling expenses to operating costs, impacting the company’s financial statements retrospectively. This adjustment is expected to affect the presentation of operating costs and selling expenses in the company’s financial reports, potentially influencing stakeholders’ perception of the company’s financial health and operational efficiency.

Great Wall Motor Announces Final Dividend for 2024

Great Wall Motor Company Limited has announced a final cash dividend of RMB 0.45 per share for the financial year ending December 31, 2024. This announcement reflects the company’s ongoing commitment to providing shareholder value, although specific details regarding the payment date, exchange rate, and other related information are yet to be disclosed.

Great Wall Motor Announces EGM to Discuss 2025 Strategic Plans

Great Wall Motor Company Limited has announced an Extraordinary General Meeting (EGM) scheduled for April 23, 2025, to discuss and approve key resolutions for the upcoming year. The agenda includes the approval of the Plan of Guarantees, the asset pool business, and the authorization of banking business for 2025, which are pivotal for the company’s strategic operations and financial management.

Great Wall Motor Schedules Board Meeting to Review Annual Results and Dividend

Great Wall Motor Company Limited has announced a board meeting scheduled for March 28, 2025, in Baoding, Hebei Province, China. The meeting will focus on approving the audited annual results for the year ending December 31, 2024, and considering the payment of a final dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting its financial strategy and investor relations.

Great Wall Motor Reports February 2025 Sales Growth Amid Mixed Model Performance

Great Wall Motor Company Limited announced its production and sales volume for February 2025, highlighting a total sales volume increase of 9.65% compared to the same period last year, despite a year-to-date decline of 9.28%. Notably, the WEY and Great Wall Pick-up models saw significant year-over-year sales growth, while the ORA brand experienced a decline. The company’s overseas sales and New Energy Vehicle (NEV) sales also showed strong figures, with 31,068 and 15,121 units sold in February, respectively.

Great Wall Motor Announces Results of 2023 Incentive Schemes

Great Wall Motor Company Limited announced the results of its 2023 Restricted Share Incentive Scheme and Share Option Incentive Scheme, which involved the granting of restricted shares and share options to selected participants. A total of 5,575,000 restricted shares were granted to 94 participants, primarily management and core technical staff, at a grant price of RMB12.74 per share, while share options were issued at an exercise price of RMB25.47 per share. This initiative is part of the company’s strategy to incentivize key personnel and align their interests with the company’s long-term growth objectives.

Great Wall Motor Expands Through Strategic Acquisition of Wuxi Xindong

Great Wall Motor Company Limited, through its subsidiary Nobo Technology, announced the acquisition of an 80% equity interest in Wuxi Xindong from Wensheng Technology for RMB3,792,157.77. This acquisition represents a connected transaction under Hong Kong Listing Rules, reflecting strategic consolidation of assets as Wuxi Xindong will be integrated into Great Wall’s financial statements, potentially strengthening the company’s market positioning.