


Core Viewpoint - Great Wall Motors (02333) has seen a nearly 5% increase in stock price, currently at HKD 18.91, with a trading volume of HKD 268 million, following the launch of the new Tank 500 model, which has received strong pre-order interest [1] Group 1: Company Performance - The new Tank 500 was officially launched on August 27, with a price range of RMB 335,000 to RMB 375,000 [1] - The Tank brand's executive vice president announced that within just 2 hours, 12,257 units of the Tank 500 were locked in for orders [1] - Shenwan Hongyuan noted that Great Wall Motors' fundamental logic has remained unchanged since Q2, focusing on the growth of its high-profit brands, Wey and Tank [1] Group 2: Sales and Profitability Outlook - Following the upgrades of the Blue Mountain and the launch of the High Mountain 7, Wey's monthly sales are expected to reach 20,000 units [1] - The introduction of new platform models is anticipated to further elevate sales ceilings, significantly enhancing profit elasticity [1] - The strong pre-sale performance of the Tank 500 indicates a positive market reception, contributing to the company's growth potential [1] Group 3: Market Valuation - The current price-to-earnings (PE) ratio of Great Wall Motors in the Hong Kong market is considered low, indicating high cost-effectiveness [1] - The company is viewed as having sustained recommendation value in both the short and medium term [1]