智通财经网·2025-10-28 03:18Core Viewpoint - Long-term growth potential for Great Wall Motors is supported by its strategy to launch new models in both the mass and premium markets next year, despite a lower-than-expected net profit in Q3 [1] Financial Performance - Great Wall Motors reported a 20.5% year-on-year increase in revenue for Q3 [1] - Gross margin decreased by 0.4 percentage points quarter-on-quarter to 18.4% [1] - Net profit was below market expectations, leading to a downward revision of revenue and net profit forecasts by 0.5% and 10.8% respectively for the year [1] Strategic Outlook - The company’s high-end strategy is expected to enhance its export capabilities in regions like Europe and achieve higher average selling prices [1] - The firm believes that Great Wall Motors' technological advantages and sustained pricing power will lay a solid foundation for its development in the coming year [1] Analyst Rating - The firm maintains a "outperform" rating for Great Wall Motors with a target price of HKD 21 [1]