Yesterday evening, Great Wall Motors officially disclosed its 2021 performance.
According to the financial report in 2021, Great Wall Motor's total operating income was 136.317 billion yuan, an increase of 31.95% year-on-year, net profit was 6.781 billion yuan, an increase of 26.45% year-on-year, and the average selling price of bicycles exceeded 106,400 yuan, an increase of 14.50% year-on-year.
Among them, the net profit in the fourth quarter fell by 33.8% year-on-year to 1.837 billion yuan.
Great Wall Motor's large profit decline in the fourth quarter, some institutions also gave an analysis. CICC said in its research report that multi-factor expenses have increased significantly in diluted profits. CICC believes in the research report that three factors have caused the decline in the Q4 profit of Great Wall Motors: the one-time expense is mainly the compensation for the rights and interests of good cat charging, which is expected to be 400 million to 500 million yuan; the equity incentive expense is expected to be about 500 million yuan; in order to better support the rapid growth of sales and medium- and long-term development in the next few years, the number of R&D and production employees has increased, driving the increase in employee compensation and the increase in the year-end bonus.
It is understood that in 2021, Great Wall Motor sold more than 1.28 million new cars, an increase of 15.2% year-on-year, breaking through one million sales for six consecutive years and hitting a record high. Among them, the cumulative sales of new energy vehicles were 137,000 units, accounting for 10.7% of sales, and overseas sales were 143,000 units, an increase of 103.7% year-on-year, and sales accounted for 11.1%.
The tank brand delivered 85,000 vehicles throughout the year, accounting for more than 50% of the hardcore off-road vehicle market share, ranking first in China's hardcore off-road vehicle market; the Great Wall pickup truck has maintained the first domestic and export sales for 24 consecutive years, with sales of 233,000 units in 2021 and global cumulative sales exceeding 2 million. Haval brand annual sales of 770,000 vehicles, firmly ranked in the top camp of China's SUV market;
Euler brand sales of 135,000 vehicles in 2021, an increase of 140% year-on-year, in December 2021 sales exceeded 20,000 units for the first time, ranking first in the domestic new energy vehicle market; in the Wei brand high-end camp, with the arrival of Wei brand latte DHT, the brand's monthly sales immediately exceeded 10,000.