Great Wall Motor Company Limited’s Net Profit Dropped 38.7% in First Three Quarters of 2023

Great Wall Motor Company Limited (长城汽车股份有限公司) (601633.SH) reported a net profit of 5 billion yuan in the first three quarters of 2023, down 38.7% year-on-year.

Meanwhile, the company posted 119.5 billion yuan in revenue, up 20.1% year-on-year.

At the end of the reporting period, it had 191.4 billion yuan in total assets and 125.6 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.