Financial Performance - Great Wall Motor Company reported a significant increase in annual revenue, reaching approximately RMB 136.5 billion, representing a year-on-year growth of 18%[2] - The company delivered a total of 1.4 million vehicles in 2021, marking a 15% increase compared to the previous year[2] - The gross profit margin improved to 18.5%, up from 17.2% in the previous year, indicating better cost management and pricing strategies[2] - The company reported a net profit of RMB 10.5 billion for 2021, reflecting a 20% increase from the previous year[2] - Great Wall Motor's future outlook remains positive, with management projecting a revenue growth rate of 15-20% for 2022[2] Market Expansion - Great Wall Motor plans to expand its market presence by entering new international markets, targeting a 25% increase in overseas sales by 2023[2] - The company has set a target of achieving a market share of 10% in the SUV segment by 2023, driven by new product launches and marketing initiatives[2] Research and Development - The company is investing heavily in R&D, with a budget of RMB 10 billion allocated for the development of new energy vehicles and smart technologies over the next three years[2] - Great Wall Motor aims to launch five new electric vehicle models in 2022, contributing to its goal of achieving 30% of total sales from new energy vehicles by 2025[2] Strategic Initiatives - Great Wall Motor is exploring strategic partnerships and potential acquisitions to enhance its technological capabilities and market reach[2]
长城汽车(02333) - 2021 - 年度财报