Financial Performance - Great Wall Motor Company reported a total revenue of RMB 136.2 billion for the year 2020, representing a year-on-year increase of 4.4%[3] - The company sold 1.11 million vehicles in 2020, a decrease of 0.2% compared to the previous year[3] - The gross profit margin for 2020 was 18.5%, a slight decrease from 19.1% in 2019[3] - The net profit attributable to shareholders was RMB 10.4 billion, reflecting a year-on-year increase of 5.6%[3] Future Plans - Great Wall Motor plans to launch 10 new models in 2021, focusing on electric and hybrid vehicles[3] - The company aims to expand its market presence in Europe and Southeast Asia, targeting a 15% increase in international sales[3] - Great Wall Motor has set a sales target of 1.5 million vehicles for 2021, aiming for a growth of 35%[3] Research and Development - Research and development expenses increased by 12% in 2020, totaling RMB 7.2 billion, to enhance technological innovation[3] Strategic Initiatives - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[3] Sustainability Commitment - Great Wall Motor is committed to achieving carbon neutrality by 2045, with a focus on sustainable practices in manufacturing[3]
长城汽车(02333) - 2020 - 年度财报