Zhi Tong Cai Jing·2025-08-21 02:43Core Viewpoint - Great Wall Motors (601633)(02333) saw a stock increase of over 5%, currently at 17.77 HKD with a trading volume of 410 million HKD, driven by the successful launch of new models and strong pre-sale performance [1] Group 1: New Product Launches - The Haval Menglong 2026 PHEV was officially launched on August 19, with prices ranging from 173,800 to 208,800 CNY, and a limited-time trade-in price of 153,800 to 188,800 CNY. Within 24 hours, orders exceeded 21,856 units [1] - The new Tank 500 Smart Edition began pre-sales on August 11, with two versions priced at 388,800 CNY and 360,000 CNY respectively. The pre-sale saw over 11,000 orders in the first 24 hours and 1,932 daily orders over the first weekend [1] Group 2: Market Analysis - According to Shenwan Hongyuan, the fundamental logic for Great Wall Motors has remained unchanged since Q2, focusing on the volume growth of its high-profit brands, Wei and Tank. The monthly sales for Wei brand are expected to reach 20,000 units, enhancing profit elasticity [1] - The pre-sale performance of the Tank 500 is noted as impressive, indicating strong market demand [1] - The current PE ratio for the company in the Hong Kong market is considered low, suggesting high cost-effectiveness and sustained recommendation value in the short to medium term [1]