Great Wall Motor Company Limited’s Net Profit Dropped 75.6% in First Half of 2023

Great Wall Motor Company Limited (长城汽车股份有限公司) (601633.SH) reported a net profit of 1.4 billion yuan in the first half of 2023, down 75.6% year-on-year.

Meanwhile, the company posted 70 billion yuan in revenue, up 12.6% year-on-year.

At the end of the reporting period, it had 184.2 billion yuan in total assets and 121.9 billion yuan in total liabilities, with a liability-to-asset ratio of 66.2%.