Jin Rong Jie·2025-08-21 03:24Core Viewpoint - Great Wall Motors (02333) has seen a stock price increase of over 5%, currently at HKD 17.77, with a trading volume of HKD 410 million, following the launch of its new PHEV model and strong pre-sale performance of its new vehicles [1] Group 1: Product Launch and Sales Performance - The Haval Dragon 2026 PHEV was officially launched on August 19, with prices ranging from CNY 173,800 to CNY 208,800, and a limited-time trade-in price of CNY 153,800 to CNY 188,800. Within 24 hours of its launch, orders exceeded 21,856 units [1] - The new Tank 500 Intelligent Version began pre-sales on August 11, with two versions priced at CNY 388,800 and CNY 360,000 respectively. The pre-sale saw over 11,000 orders within the first 24 hours and 1,932 orders over the first weekend [1] Group 2: Market Analysis and Recommendations - 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, Wey and Tank. The sales of Wey are expected to reach 20,000 units per month, with further increases possible as new platform models are introduced, enhancing profit elasticity [1] - The pre-sale performance of the Tank 500 has been impressive, and the company's current Hong Kong stock PE is considered low, indicating high cost-effectiveness. The company is recommended for continued attention in the short to medium term [1]