Shanghai (Gasgoo)- Great Wall Motor (GWM) achieved a 52.73% surge of net profit attributable to shareholders of listed company to RMB 3.696 billion from January to June. Its revenue reached RMB 48.68 billion with a year-on-year growth of 17.99% during the first half of 2018. The gross profit advanced 23.3% to RMB 10.112 billion. The gross profit rate increased 0.89 percentage point to 20.77%. Earnings per share reached RMB 0.4, surging 52.73% from a year ago, according to the financial report released by GWM on Aug. 31.
The net profit attributable to shareholders after eliminating non-recurring loss and profit reached RMB 3.58 billion, soaring 70.96% on an annual basis. Till the end of June, the net assets attributable to shareholders of listed company reached RMB 51.15 billion, up 4.1% year on year. The total assets of GWM underwent a 5.75% year-on-year drop to RMB 104.19 billion.
GWM will release new F series models with position of new intelligent SUV in September. It is expected that GWM will launch the F7, which is the automaker's first self-driving vehicle model, in the fourth quarter.
As to electric vehicle field, GWM will release the ORA iQ, first model under ORA brand in the third quarter. The ORA R1, another model under ORA brand, is expected to be launched by the end of this year.
