Ju Chao Zi Xun·2026-03-29 07:06Core Viewpoint - Great Wall Motors Co., Ltd. reported a total revenue of 222.82 billion yuan for 2025, marking a year-on-year growth of 10.2%, while the net profit attributable to shareholders decreased by 22.07% to 9.87 billion yuan [2][3] Financial Performance - Total revenue for 2025 reached 222.82 billion yuan, up from 202.19 billion yuan in 2024, reflecting a growth of 10.2% [3] - Net profit attributable to shareholders was 9.87 billion yuan, down from 12.66 billion yuan in the previous year, a decline of 22.07% [3] - Basic earnings per share were 1.16 yuan, a decrease of 22.15% compared to 1.49 yuan in 2024 [3] - The gross profit margin was 18.04%, down by 1.47 percentage points from the previous year [3][5] - Total assets at the end of 2025 were 2252.88 billion yuan, a 3.48% increase from the beginning of the year [5] - Total liabilities decreased by 0.96% to 1373.96 billion yuan, resulting in an asset-liability ratio of 60.99%, down by 2.73 percentage points [5] Sales and Market Performance - The company sold 1.32 million new vehicles in 2025, representing a year-on-year increase of 7.23% [3] - Overseas sales reached 506,800 units, a growth of 11.60%, with a total of over 2 million cumulative overseas sales [5] - The Haval brand sold 761,500 units, up 7.69%, while the Tank brand sold 234,400 units, maintaining its position as the top-selling off-road SUV in China [4] - The WEY brand achieved a record high of 99,600 units sold, a significant increase of 79.36% [4] Research and Development - The total R&D expenditure for the year was 10.38 billion yuan, with a focus on new technologies such as the Hi4 intelligent four-wheel drive system [4] - The company plans to launch the world's first native AI all-power platform, compatible with various power forms, in early 2026 [4] Dividend Distribution - The company proposed a cash dividend of 0.35 yuan per share, totaling approximately 29.95 billion yuan, which accounts for 30.36% of the net profit attributable to shareholders [2]