Great Wall Motor Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	225,047	219,956	199,612	171,227	134,723	133,438
Other Revenue	2,868	2,868	2,581	1,986	2,617	2,966
Revenue	227,915	222,824	202,194	173,212	137,340	136,405
Revenue Growth (YoY)	14.33%	10.20%	16.73%	26.12%	0.69%	32.04%
Cost of Revenue	187,062	183,157	163,339	142,236	110,995	115,120
Gross Profit	40,852	39,667	38,855	30,976	26,345	21,285
Selling, General & Admin	16,381	16,020	12,619	12,022	10,770	8,840
Research & Development	10,768	10,432	9,304	8,054	6,445	4,490
Other Operating Expenses	8,323	8,060	6,300	4,474	5,121	4,234
Operating Expenses	35,390	34,478	28,205	24,623	22,335	17,625
Operating Income	5,462	5,189	10,649	6,353	4,010	3,660
Interest Expense	-724.95	-735.54	-891.62	-946.65	-716.28	-471.55
Interest & Investment Income	1,815	1,668	2,062	1,956	1,862	1,894
Currency Exchange Gain (Loss)	1,640	1,640	-341.63	-127	2,027	147.09
Other Non Operating Income (Expenses)	-1,430	-76.33	-91.84	15.3	-39.16	-73.34
EBT Excluding Unusual Items	6,762	7,686	11,386	7,250	7,143	5,156
Gain (Loss) on Sale of Investments	413.33	166.73	42.49	-26.04	50.34	306.44
Gain (Loss) on Sale of Assets	131.26	104.03	4.83	0.1	4.86	-27.69
Asset Writedown	-7.55	-41.37	-164.09	-23.56	-81.59	-113.23
Other Unusual Items	3,843	3,843	2,956	623.09	1,690	2,161
Pretax Income	11,142	11,758	14,226	7,824	8,807	7,482
Income Tax Expense	2,083	1,893	1,566	801.24	553.74	757.09
Earnings From Continuing Operations	9,060	9,865	12,660	7,023	8,253	6,725
Minority Interest in Earnings	-	-	-0.24	-1.25	13.23	1.08
Net Income	9,060	9,865	12,660	7,022	8,266	6,726
Net Income to Common	9,060	9,865	12,660	7,022	8,266	6,726
Net Income Growth	-19.05%	-22.07%	80.30%	-15.05%	22.89%	25.43%
Shares Outstanding (Basic)	8,569	8,505	8,496	8,563	9,084	9,214
Shares Outstanding (Diluted)	8,569	8,505	8,554	8,563	9,084	9,214
Shares Change (YoY)	0.56%	-0.58%	-0.10%	-5.73%	-1.41%	-0.34%
EPS (Basic)	1.06	1.16	1.49	0.82	0.91	0.73
EPS (Diluted)	1.06	1.16	1.48	0.82	0.91	0.73
EPS Growth	-19.50%	-21.62%	80.49%	-9.89%	24.66%	25.86%
Free Cash Flow	41,054	28,846	15,893	1,041	-3,990	22,225
Free Cash Flow Per Share	4.79	3.39	1.86	0.12	-0.44	2.41
Dividend Per Share	0.350	0.350	0.450	0.300	0.300	0.370
Dividend Growth	-22.22%	-22.22%	50.00%	-	-18.92%	32.14%
Gross Margin	17.92%	17.80%	19.22%	17.88%	19.18%	15.60%
Operating Margin	2.40%	2.33%	5.27%	3.67%	2.92%	2.68%
Profit Margin	3.98%	4.43%	6.26%	4.05%	6.02%	4.93%
Free Cash Flow Margin	18.01%	12.95%	7.86%	0.60%	-2.90%	16.29%
EBITDA	14,744	14,428	19,715	13,610	10,124	8,972
EBITDA Margin	6.47%	6.48%	9.75%	7.86%	7.37%	6.58%
D&A For EBITDA	9,282	9,238	9,066	7,257	6,114	5,312
EBIT	5,462	5,189	10,649	6,353	4,010	3,660
EBIT Margin	2.40%	2.33%	5.27%	3.67%	2.92%	2.68%
Effective Tax Rate	18.69%	16.10%	11.01%	10.24%	6.29%	10.12%
Revenue as Reported	227,915	222,824	202,194	173,212	137,340	136,405
Advertising Expenses	-	4,220	3,197	4,046	3,048	2,505

Source: S&P Global Market Intelligence. Standard template. Financial Sources.