Ge Long Hui A P P·2025-09-03 06:18Group 1 - The core viewpoint of the report indicates that Great Wall Motors' August sales increased by 22% year-on-year to 116,000 units, with a month-on-month growth of 11% [1] - Management reported that the new model, the Menglong, has an average of 300 to 400 new orders per day, while the Gaoshan 8 and Gaoshan 9 models have 200 to 300 new orders per day, and the revamped Tank 500 has a backlog of over 15,000 orders [1] - The management expects monthly sales to continue to grow month-on-month until the end of the year, supported by the launch of new models and steady sales growth in overseas markets [1] Group 2 - Bank of America maintains a "Neutral" rating on Great Wall Motors' H-shares, believing that the strong product line and moderate profit growth have been fully valued by the market, with a target price raised slightly from HKD 19 to HKD 19.5 [1] - Due to high valuation of Great Wall Motors' A-shares, the rating is set to "Underperform," with the target price lowered from CNY 27.4 to CNY 24.6 [1]