GWM Reports 40% Increased Revenue in the first half of 2008
2008-09-28 Source：english.chinabuses.com
Summarize：According to the interim report 2008, during the first half of 2008, the revenue of GWM9(Great Wall Motor) was 4.609 billion RMB, representing an increase of 37.8% compared to that of the same period ...
According to the interim report 2008, during the first half of 2008, the revenue of GWM9(Great Wall Motor) was 4.609 billion RMB, representing an increase of 37.8% compared to that of the same period of 2007. The increase was mainly resulted from the increase in the sales volume of automobiles. The group’s gross profit was 945 million RMB, representing an increase of 18.2% compared to that of the same period of last year. However, its gross profit margin decreased from 23.9% in the same period of last year to 20.5% in the first half of 2008.
In the first half of 2008, the group’s total sales volume was 65,675 units, representing an increase of 37.8% as compared to that of the same period of last year. During the period, the sales volume of pickup trucks and SUV amounted to 33,461 units and 28,026 units respectively, representing increases of 37.6% and 23.3% respectively as compared to that of the same period of last year. The sales volume of sedan was 3,657 units and of other vehicles was 531 units. Worth-mentioning is the group’s export volume of automobiles reached new records for the first half of 2008, with 30,684 units and a total automobile export value of 2.041 billion RMB, accounting for approximately 44.3% of the total revenue of the group. Great Wall Motor exports to 121 countries, in which 81 countries are mature export markets where a solid international sales network has been established.
What’s more, during the period, the revenue of automotive parts and components amounted to 276 million RMB, representing an increase of approximately 91.3% as compared to that of the same period in 2007. The increase was mainly due to the growth in export volume of automotive components and the increase of revenue from after sales automotive parts and components.
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