Great Wall Motors received 520 million yuan of government subsidies, accounting for 10.06% of the net profit

Posted 2024-12-03 00:00:00 +0000 UTC

On November 20, the announcement issued by Automobile Co., Ltd. (hereinafter referred to as "Great Wall Motors") learned that during the period from November 15, 2018 to November 15, 2019, Great Wall Motors and its subsidiaries received a total of 520 million yuan of revenue related government subsidies, accounting for 10.06% of the company's latest audited net profit attributable to shareholders of the company. According to the financial report of the third quarter of 2019, from January to September of this year, Great Wall Motor achieved revenue of 62.58 billion yuan, a year-on-year decrease of 6.1%; the net profit attributable to shareholders of listed companies was 2.917 billion yuan, a year-on-year decrease of 25.70%. In October, haver, wey and Great Wall pickups sold 86000 new cars, 10000 new cars, 1774 new cars and 16000 new cars respectively, which increased the sales of Great Wall Motors by 4.48% compared with the same period last year; the cumulative sales from January to October was 839000 new cars, an increase of 6.66% compared with the same period last year.

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