2 1 Shi Ji Jing Ji Bao Dao·2025-11-30 07:57Core Viewpoint - Recent rumors about Great Wall Motors planning to establish its first automotive factory in Europe by 2029, with a target production of 300,000 vehicles annually, have been denied by the company, stating there are currently no such plans in place [1][2]. Group 1: Company Plans and Developments - Great Wall Motors is evaluating investment opportunities in Europe but has not conducted any site assessments in the region as of now [1][2]. - The company has established three full-process vehicle production bases in Thailand and Brazil, and has several KD factories in Ecuador, Malaysia, and Pakistan, but has not mentioned any operations in Europe [2]. - Great Wall Motors has set up a European Technology Center in Germany focused on research and design of vehicles and automotive parts [2]. Group 2: Financial Performance - In the first three quarters of 2025, Great Wall Motors reported revenue of 153.58 billion yuan, a year-on-year increase of 7.96%, but net profit attributable to shareholders decreased by 16.97% to 8.635 billion yuan [2]. - The third quarter of 2025 saw revenue of 61.25 billion yuan, a 20.51% increase year-on-year, while net profit dropped by 31.23% to 2.298 billion yuan [2]. - The company attributed the profit decline to increased investments in new user channels, new model launches, and brand promotion efforts [2]. Group 3: Market Performance - As of the market close on November 28, Great Wall Motors' A-shares were priced at 21.90 yuan per share, reflecting a 0.64% increase, with a total market capitalization of 187.4 billion yuan [3]. - The company's stock price has declined by over 15% year-to-date [3].