A few days ago, Great Wall Motor released the first quarter of 2022 financial report, although the net profit fell slightly year-on-year, but the overall performance continued to improve.
According to the data, in the first quarter of 2022, Great Wall Motor's operating income reached 33.6 billion yuan, an increase of 8.04% year-on-year; the net profit attributable to shareholders of listed companies reached 1.634 billion yuan, down 0.34% year-on-year.
From the perspective of product structure, in the first quarter of this year, Great Wall Motors' models based on lemon, tank and coffee intelligence three major technology brands have accounted for 70.4%, of which intelligent models accounted for 84.5%, affected by the optimization of product structure, the average price of Great Wall Motors' bicycles reached 119,000 yuan, an increase of 29.12% year-on-year, compared with the average price of 106,000 yuan in 2021, once again improved.
In terms of sales, the cumulative sales of Great Wall Motors in the first quarter of this year were 283,500 units, down 16.32% year-on-year; of which overseas sales totaled 29,322 units and new energy vehicles sold 35,404 units.
Specifically, the cumulative number of users of tank 300 as of the end of the first quarter has exceeded 100,000, although it was forced to stop production for 8 days due to the impact of the epidemic in April, but it has officially resumed production on April 22, and it is not expected to have too much impact on sales in the second quarter. The Tank 500, which was officially launched on March 18, is also expected to boost Great Wall Motors' new sales after the ramp-up period.
In addition, Euler Good Cat sold 19,460 new cars in the first quarter, an increase of 240% year-on-year, which is also an important sales growth point of Great Wall Motors.
At the same time, the Mocha DHT-PHEV, which was just listed in March, also began to lay out a high-end new energy market of more than 300,000 yuan, relying on the excellent performance in the field of intelligence, which greatly improved the bicycle value of Great Wall Motors.
In the field of intelligence, the mileage of Great Wall Motor's Millima Zhixing Auxiliary Driving User has exceeded 7 million kilometers, and the monthly growth rate of HPilot in the first quarter of this year has exceeded 200%, and its large-scale mass production of urban auxiliary driving products "Millima City NOH" will also be officially listed recently, consolidating the foundation of Great Wall Motors' intelligent technology.
In overseas markets, Great Wall Motors has also achieved good results, providing users with a variety of product choices in Chile, Thailand and other regions.
Overall, although the domestic epidemic showed a multi-point sporadic trend, but the performance of Great Wall Motors in the first quarter is good, the categories are still growing, from its annual target of 1.9 million vehicles in 2022, it still maintains optimistic expectations for the future, as to whether it can finally get its wish, it still needs time and the long-term test of the market.