Gasgoo.com (Shanghai March 19) - Great Wall earned 3.43 billion yuan ($543.89m) in net profit last year, China Business News reported today, quoting the manufacturer's recently released annual performance review. The Hebei-based manufacturer's net profit was 26.86 percent higher than it was in 2010. On average Great Wall stock gained 1.22 yuan ($0.1937) per share.
Great Wall's total business returns for the year totaled 30.09 billion yuan ($4.78b), equivalent to a year-on-year increase of 30.9 percent. The manufacturer's combined assets were valued at 3.31 billion yuan ($5.26b) at the end of 2011, growing 39.82 percent from the previous year. 4.45 billion yuan ($706.46m) in cash flow was generated from its marketing promotions, an increase of 39.39 percent from 2010.
According to the report, the manufacturer sold a grand total of 463,000 vehicles last year, growing 27.3 percent from the previous year. Breaking down individual segment sales, the manufacturer sold 187,500 sedans (growing 52.6% from its 2010 result), 147,300 SUVs (growing 7.6%) and 121,700 pickup trucks (growing 23.3%).
Great Wall's automobile exports grew an astounding 58.7 percent last year, totaling 79,000 units. Exports of pickup trucks, SUVs and sedans totaled 36,400, 30,500 and 12,200 units respectively.
