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Great Wall Motors: 890,000 vehicles in 2014

Great Wall Motors (GWM) announced on March 11th a total sales target of 890,000 units for 2014. This target was based on their 2013 sales of 754,000 units, and will be an 18 percent increase.

GWM recently released a performance report for 2013: The company had a net profit of 8.232 billion yuan ($1.324 billion), a 43.87 percent increase from the previous year; Operating income was 56.784 billion yuan ($9.133 billion), a 31.57 percent increase from the previous year; Total profits came to 9.92 billion yuan ($1.596 billion), a 45 percent increase; Earnings per share was 2.7 yuan ($0.43), a 44.47 percent increase. As of the end of last year, GWM’s total assets were worth 52.605 yuan ($8.461 billion). In that year GWM launched the Haval H6 upgrade model, the 2013 GWM C30 and C30 New Horizon, the European model of the Wingle 5, and other new models. 

(Rewritten by Oliver Spiro from the author’s article on auto.sina.com.cn)

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