news flash·2025-05-29 02:12Core Viewpoint - Citigroup has initiated a 30-day upward catalyst observation for Great Wall Motors (02333.HK) due to a 32% month-on-month increase in export sales to Russia in April, maintaining a "Buy" rating with a target price of HKD 18.6 [1] Group 1: Sales and Profitability - Citigroup expects the growth momentum in exports to continue until June, improving overall profitability visibility [1] - The bank estimates that Great Wall Motors' core profit may rebound to RMB 3 billion in Q2, with total profit around RMB 4 billion when including one-off items [1] - An industry dealer survey indicates that sales of the Tank 300 and the Xiaolong MAX are gradually increasing, which will help the company enhance its domestic NEV market share [1] Group 2: Future Projections - If Q2 profits reach the bank's forecast of RMB 4 billion, profits could rebound to approximately RMB 13 billion by 2025 [1] - Recent stock performance of Great Wall Motors has been weak, but positive sales figures are expected to boost profit expectations and subsequently uplift the stock price [1]