Lei Jianping on April 24
Great Wall Motor Co., Ltd. (stock code: 601633, stock abbreviation: Great Wall Motor) today announced its financial results. According to the financial report, Great Wall Motor's revenue in the first quarter of 2024 will be 42.86 billion yuan, an increase of 47.6% over the same period last year.
In the first quarter of 2024, Great Wall Motor's government subsidies will be 621 million yuan.
Great Wall Motor's net profit in the first quarter of 2024 was 3.228 billion yuan, and the net profit after deducting non-profits was 2.024 billion yuan.
Great Wall Motor said that the significant increase in net profit in 2023 was mainly due to the growth of the company's sales scale and the optimization of the sales structure during the reporting period, which drove the performance indicators such as operating income and net profit attributable to shareholders of listed companies to increase significantly compared with the same period last year.
Wei Jianjun is the actual controller
As of March 31, 2024, Baoding Innovation Great Wall Asset Management Co., Ltd. held 59.87% of the shares, HKSCC NOMINEES LIMITED ((Hong Kong Securities Clearing (Nominees) Limited)) held 26.95% of the shares, and China Securities Finance Co., Ltd. held 2.3% of the shares;
As of March 31, 2024, Great Wall Motor's shareholding structure
Hong Kong Securities Clearing Co., Ltd. holds 0.77% of the shares, and Agricultural Bank of China Co., Ltd.-E Fund Consumer Industry Equity Securities Investment Fund holds 0.53%;
The 103 Portfolio of the National Social Security Fund holds 0.44%, Great Wall Motor Co., Ltd. - 2023 Employee Stock Ownership Plan holds 0.41%, and China Construction Bank Corporation - Huaxia Energy Innovation Equity Securities Investment Fund holds 0.35%;
The Industrial and Commercial Bank of China (ICBC-SSE 50 ETF) holds 0.24% of the shares, and the Industrial and Commercial Bank of China Co., Ltd. (ICBC) - Huatai Pinebridge CSI 300 ETF holds 0.15% of the shares.
Baoding Changcheng Holding Group Co., Ltd. controls 62.854% of the equity of Baoding Innovation Great Wall Asset Management Co., Ltd., Wei Jianjun controls 41.2% of the equity of Baoding Innovation Great Wall Asset Management Co., Ltd. through Beijing Lvzhi Tide Play Technology Co., Ltd., directly controls 58.2% of the equity of Baoding Innovation Great Wall Asset Management Co., Ltd., and directly controls 0.125% of the equity of Baoding Innovation Great Wall Asset Management Co., Ltd., and is the actual controller of Great Wall Motor.
As of December 31, 2023, Baoding Innovation Great Wall Asset Management Co., Ltd. held 60.19% of the shares, HKSCC NOMINEES LIMITED ((Hong Kong Securities Clearing (Nominees) Limited)) held 27.1% of the shares, and China Securities Finance Co., Ltd. held 2.32% of the shares;
As of December 31, 2023, Great Wall Motor's shareholding structure
Hong Kong Securities Clearing Co., Ltd. holds 0.64% of the shares, and Agricultural Bank of China Co., Ltd.-E Fund Consumer Industry Equity Securities Investment Fund holds 0.55%;
The 103 Portfolio of the National Social Security Fund holds 0.45%, Great Wall Motor Co., Ltd. - 2023 Employee Stock Ownership Plan holds 0.41%, and China Construction Bank Corporation - Huaxia Energy Innovation Equity Securities Investment Fund holds 0.35%;
The Industrial and Commercial Bank of China (ICBC-SSE 50 ETF) holds 0.18% of the shares, and the National Social Security Fund 107 Portfolio holds 0.11% of the shares.
Overall, Great Wall Motor's equity in the first quarter of 2024 has not changed much.
As of today's close, Great Wall Motor's share price was 24.75 yuan, with a market value of 211.458 billion yuan.
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