Hua Er Jie Jian Wen·2025-10-24 09:31Core Insights - Great Wall Motors reported a 20.51% year-on-year increase in revenue for Q3, reaching 61.25 billion RMB, while net profit attributable to shareholders decreased by 31.23% to 2.30 billion RMB [1][4]. Financial Performance - The total revenue for the first three quarters was 153.58 billion RMB, reflecting a 7.96% year-on-year growth [2]. - The net profit excluding non-recurring items for the same period was 5.48 billion RMB, showing a significant decline of 34.39% [2]. - Sales expenses surged to 7.95 billion RMB, up over 55% from 5.11 billion RMB in the previous year [2]. Cash Flow and Operational Efficiency - The net cash flow from operating activities reached 21.39 billion RMB, marking a substantial increase of 50.90% year-on-year [2]. - The improvement in cash flow is attributed to the direct sales model enhancing cash collection and adjustments in the bill strategy [2].