According to the author, in 2021, Great Wall Motor's operating income was 136.4 billion yuan, an increase of 32.04% year-on-year, and the net profit was 6.73 billion yuan, an increase of 25.41% year-on-year. Net profit after restoration of equity incentive expenses was RMB7.63 billion, an increase of 39.75% year-on-year; as of December 31, 2021, Great Wall Motor's total assets reached RMB175.41 billion, an increase of 13.89% over the end of 2020; net cash flow from operating activities was net inflow of RMB35.32 billion, an increase of 581.61% year-on-year; and the balance of cash and cash equivalents at the end of the period was RMB27.91 billion, an increase of 105.33% year-on-year The Company intends to pay a dividend of approximately RMB650 million at the end of the year, and has paid a dividend of RMB2.77 billion in mid-2021, with a full-year dividend of RMB3.42 billion, with a dividend ratio of more than 50.81%.
In 2021, Great Wall Motors will vigorously promote transformation, continuously tap growth potential, steadily improve market competitiveness and enterprise growth, continue to improve core financial indicators, and operate well. In the new year, Great Wall Motors will continue to focus on category innovation, continue to optimize product structure, firmly develop globally, and actively promote the upgrading and landing of electrification and intelligent technology, and accelerate the transformation process of "global intelligent technology company".
Focus on category innovation and increase market share of segments
In 2021, Great Wall Motors will continue to activate the category market, break down category barriers, promote the establishment of tank brands and the global debut of Salon Automobile, list new categories such as Haval Chitu, Weipai Mocha, Weiqiduo DHT-PHEV, Weipai Latte DHT, Tank 300 City Edition, Anda Good Cat GT, etc., accelerate the market influence, and achieve new car sales of more than 1.28 million units throughout the year, an increase of 14.79% year-on-year. Lay a solid foundation for financial indicators.
Tank 300
With the full release of the renewal matrix potential, the market share of each brand segment of Great Wall Motor continued to increase. Among them, Euler sold 135,000 vehicles in 2021, an increase of 140% year-on-year, continuing to rank first in the domestic new energy vehicle market; tanks broke through the category barriers of urban SUVs and off-road SUVs, delivering 85,000 vehicles throughout the year, accounting for more than 50% of the hardcore off-road vehicle market share, and firmly occupying the top spot in China's hardcore off-road vehicle market; the Great Wall pickup truck won the champion in pickup truck sales, maintaining the first domestic and export sales for 24 consecutive years, selling 233,000 vehicles in 2021, and the global cumulative sales exceeded 2 million.
Euler Good Cat GT
Brand premium ability to improve the average price of bicycles exceeded 106,000 yuan
With the empowerment of category innovation, the continuous optimization of Great Wall Motor's product structure and the improvement of brand premium capabilities, the overall average bicycle price in 2021 exceeded 106,000 yuan, an increase of 15.02% year-on-year. From January to February this year, the proportion of sales of models of more than 150,000 yuan increased to 15.5%, and the proportion of intelligent models increased to 88.1%, and high-value and intelligent products gradually became the company's main sales force, further promoting the stable rise in performance.
Mocha DHT-PHEV
Since entering 2022, a number of high-value models have been listed one after another, helping great wall motor's brand value to continue to rise, and the growth of the company has continued to increase. Among them, Mocha DHT-PHEV created a new category of "0 anxiety intelligent electric", created a new standard for 300,000-level luxury new energy SUVs, and launched the first shot of Wei brand impact on the high-end new energy market; tank 500 opened a new category market with the iron han tender brand proposition, broke the "import monopoly" of large-displacement off-road SUVs with benchmark-level hard-core strength, and redefined the standard of medium and large commercial luxury off-road SUV.
Tank 500
Overseas revenue of 16.16 billion yuan The proportion of global business increased
In 2021, under the new development pattern of national double circulation, Great Wall Motors, relying on the perfect globalization system, continued to deepen global development, achieved overseas sales of nearly 140,000 vehicles, overseas revenue of 16.16 billion yuan, operating income accounted for 11.85%, an increase of 142.24% year-on-year, and global business is more and more critical to the performance of enterprises.
The continuous growth of overseas performance stems from the fact that many models are going overseas. In 2021, Great Wall Motor's third-generation Haval H6, Haval JOLION, Great Wall Cannon and other global products will be listed in many overseas markets, continuing to consolidate the global popularity of the Great Wall Motor brand.
The Haval H6 HEV is available in Thailand
With the help of the perfect overseas product matrix, in 2021, Great Wall Motors will deepen its advantages in the market and continue to maintain its leading position in Australia, South Africa, Saudi Arabia, Chile and other places. At the same time, it actively explores new overseas markets, successively landing in new markets such as Thailand, Egypt, Nepal, Brunei, Pakistan, Laos, etc., and continues to attack high-potential markets such as Europe, relying on the advantages of new products of global intelligent technology to win the reputation of overseas users. In addition, Great Wall Motor's global production layout has also been further improved, with the production of the Rayong plant in Thailand and the acquisition agreement signed at the Iracemapolis plant in Brazil and the handover completed in January this year.
Great Wall Motors landed in the European market
R&D investment of 9.07 billion yuan Scientific and technological innovation capabilities continue to increase
Driven by a new round of global scientific and technological revolution and industrial change, the transformation of the automobile industry has accelerated, in order to lead the new track, Great Wall Motors continues to cultivate in the field of scientific and technological innovation, with R&D investment of 9.07 billion yuan in 2021, an increase of 76.05% year-on-year, accounting for 6.65% of operating income, providing strong technical support for product experience upgrades, and the proportion of models based on the three major technology brands continues to increase, reaching 75.1% in January-February this year.
Latte DHT
In 2022, adhering to the research and development concept of "precise investment and pursuit of industry leadership", Great Wall Motors will accelerate the layout of electrification and intelligent technology, and continue to consolidate the "Great Wall of Science and Technology". In the field of electrification, Great Wall Motors will accelerate the advancement of enterprise electrification, Dayu battery technology will be applied to its new energy series models, improve the power battery thermal runaway protection technology carrying rate, cobalt-free batteries will achieve larger-scale installation. Great Wall Motor will also focus on multi-technical routes such as high-efficiency fuel, hybridization and hydrogen energy, 3.0T+9AT/9HAT super powertrain, lemon hybrid DHT, and hydrogen energy related technologies to comprehensively help low-carbon travel.
3.0T+9AT/9HAT super powertrain
In the field of intelligence, Great Wall Motors will continue to improve the intelligence depth of its products on the basis of haval, Weipai, Euler, tanks and Great Wall Guns all to achieve vehicle networking application coverage, based on the central computing and regionalized electronic architecture - Great Wall Motors' new electronic and electrical architecture will be launched in China, and the intelligent driver assistance calculation platform IDC 3.0 will also be installed in the intelligent driver assistance products released in 2022 to empower the intelligent travel experience upgrade.
High-end, globalization, intelligence and electrification are becoming the key driving forces for the continuous growth of Great Wall Motor's operating performance. In 2022, in the face of challenges such as rising raw material prices and chip supply shortages in the automotive industry, Great Wall Motors will take active measures to alleviate supply chain pressure, while accelerating the transformation to a "global intelligent technology company" and striving to achieve a new round of high-quality development with a healthier and sustainable enterprise development model.
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