Great Wall Motors records 26.45% year-on-year profit increase
Great Wall Motors recently released its figures for the first quarter of 2015. The international automaker achieved a net profit of R4.96 billion, operating revenues of R37.8 billion and a total profit of R6.1 billion – up 26.45%, 31.16% and 27.23% respectively compared to 2014 figures over the same period.
According to its business report, GWM’s operating revenues soared thanks to the growth of its total sales volumes as well as SUV sales percentage in the first quarter. A total of 220 853 GWM vehicles were sold from January to March (17.62% more than during the previous year), of which 175 509 were SUVs (up 53.95% year-on-year), accounting for 79.47% of the total sales. Apart from the Haval H6 which continued to dominate in the Chinese SUV market, the newly launched Haval H2, Haval H9 and Haval H1 also performed well with sales on a steady increase.
With GWM venturing into medium and high-end models, such as the Haval H6 Coupe and the Haval H8 which were unveiled at Auto Shanghai in April, the manufacturer will continue to expand its product profile and further cement its position in the SUV market.
If this solid financial performance during Quarter 1 is anything to go by, 2015 promises to be a truly successful year for GWM.