Revenue and net profit increased twice The proportion of Great Wall Motor's global business increased

On March 29, Great Wall Motor (stock code: 601633. SH, 02333.HK) released its 2021 financial results.

In 2021, Great Wall Motor's operating income was 136.4 billion yuan, an increase of 32.04% year-on-year; net profit was 6.73 billion yuan, an increase of 25.41% year-on-year; total assets reached 175.41 billion yuan, an increase of 13.89% over the end of 2020; net cash flow from operating activities was net inflow of 35.32 billion yuan, an increase of 581.61% year-on-year.

Great Wall Motors said that 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 technologies, and accelerate the transformation process of "global intelligent technology companies".

Market share increased

It is understood that in 2021, Great Wall Motors will continue to activate the category market, promote the establishment of the tank brand, and the global debut of Sharon Motors, listing Haval Chitu, Weipai Mocha, Weipai Machiduo DHT-PHEV, Weipai Latte DHT, Tank 300 City Edition, Euler Good Cat GT and other new categories of products, the market influence accelerated, and the annual sales of new cars exceeded 1.28 million, an increase of 14.79% year-on-year.

The continuous enrichment of the product line layout has laid a solid foundation for various financial indicators, and at the same time, the market share of Great Wall Motors' brand segments has continued to increase.

Among them, Euler sold 135,000 vehicles in 2021, an increase of 140% year-on-year, and continued to rank first in the domestic new energy vehicle market; tanks delivered 85,000 vehicles throughout the year, accounting for more than 50% of the market share of hardcore off-road vehicles; Great Wall pickup trucks maintained a leading domestic and export sales for 24 consecutive years, with sales of 233,000 units in 2021 and global cumulative sales exceeding 2 million.

Through the continuous optimization of product structure, great wall motor brand premium capability has been enhanced.

Great Wall Motors said that in 2021, the overall average bicycle price of Great Wall Motors exceeded 106,000 yuan, an increase of 15.02% year-on-year. From January to February 2022, the proportion of sales of models of more than 150,000 yuan increased to 15.5%, the proportion of intelligent models increased to 88.1%, and high-value, intelligent products gradually became the main sales force of the company, further promoting the stable rise in performance.

Since entering 2022, Great Wall Motors has launched a number of high-value models, including Mocha DHT-PHEV, Tank 500 and so on.

Industry-built evaluation, high-value products have entered the market, will further promote the great wall motor brand value continue to rise, the growth of enterprises continue to enhance.

Overseas revenue of 16.16 billion yuan

Under the new development pattern of national double circulation, strengthening the globalization system is of far-reaching significance, which is more and more critical to the performance of enterprises' operating performance.

In 2021, Great Wall Motor 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.

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.

According to Great Wall Motor, in 2021, Great Wall Motors will continue to maintain its leading position in Australia, South Africa, Saudi Arabia, Chile and other places. At the same time, it has successively opened up new markets such as Thailand, Egypt, Nepal, Brunei, Pakistan, Laos and so on, and won the reputation of overseas users under the main attack of product advantages.

Great Wall revealed that the Rayong plant in Thailand was put into operation and the Plant in Iracemapolis, Brazil signed an acquisition agreement and completed the handover in January 2022.

R&D investment of 9.07 billion yuan

Driven by a new round of global scientific and technological revolution and industrial change, the transformation of the automobile industry has accelerated, and scientific and technological innovation has become the key driving force leading the new track.

It is understood that in 2021, Great Wall Motor's R&D investment reached 9.07 billion yuan, an increase of 76.05% year-on-year, accounting for 6.65% of operating income.

"R&D investment continues to strengthen, 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% from January to February 2022." Introduction of Great Wall Motors.

Great Wall Motors also said that in 2022, under 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.

In the field of intelligence, Great Wall Motors will continue to improve the intelligence depth of its products on the basis of the coverage of Vehicle Networking applications of Haval, Weipai, Euler, Tanks and Great Wall Cannons, 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 computing platform IDC 3.0 will also be installed in the intelligent driving 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, faced with 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 and accelerate the transformation into a 'global intelligent technology company'." Great Wall Motors said.

(Editor: Zhang Shuo Proofreader: Zhang Guogang)