Great Wall Motor Company Limited (GWLLY)

Great Wall Motor Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	200,554	199,614	171,227	134,723	133,438	101,451
Other Revenue	2,548	2,581	1,986	2,617	2,966	1,857
Revenue	203,102	202,195	173,212	137,340	136,405	103,308
Revenue Growth (YoY)	4.33%	16.73%	26.12%	0.69%	32.04%	7.38%
Cost of Revenue	165,640	163,334	142,236	110,995	115,120	86,324
Gross Profit	37,462	38,861	30,976	26,345	21,285	16,983
Selling, General & Admin	14,321	12,587	12,022	10,770	8,840	6,337
Research & Development	9,331	9,284	8,054	6,445	4,490	3,067
Other Operating Expenses	7,110	6,299	4,474	5,121	4,234	3,182
Operating Expenses	30,762	28,153	24,623	22,335	17,625	12,578
Operating Income	6,700	10,708	6,353	4,010	3,660	4,406
Interest Expense	-798.28	-882.01	-946.65	-716.28	-471.55	-263.15
Interest & Investment Income	1,631	2,058	1,956	1,862	1,894	1,622
Currency Exchange Gain (Loss)	1,223	-342.7	-127	2,027	147.09	-715.52
Other Non Operating Income (Expenses)	-136.78	-86.82	15.3	-39.16	-73.34	-128.66
EBT Excluding Unusual Items	8,619	11,455	7,250	7,143	5,156	4,921
Gain (Loss) on Sale of Investments	32.82	42.49	-26.04	50.34	306.44	165.21
Gain (Loss) on Sale of Assets	53.63	4.83	0.1	4.86	-27.69	-9.2
Asset Writedown	-138.43	-164.09	-23.56	-81.59	-113.23	-202.18
Other Unusual Items	4,459	2,945	623.09	1,690	2,161	1,353
Pretax Income	13,026	14,283	7,824	8,807	7,482	6,227
Income Tax Expense	1,055	1,591	801.24	553.74	757.09	864.8
Earnings From Continuing Operations	11,971	12,692	7,023	8,253	6,725	5,362
Minority Interest in Earnings	0.59	-0.24	-1.25	13.23	1.08	-
Net Income	11,972	12,692	7,022	8,266	6,726	5,362
Net Income to Common	11,972	12,692	7,022	8,266	6,726	5,362
Net Income Growth	-5.87%	80.76%	-15.05%	22.89%	25.43%	19.25%
Shares Outstanding (Basic)	8,548	8,518	8,563	9,084	9,214	9,089
Shares Outstanding (Diluted)	8,548	8,518	8,563	9,084	9,214	9,246
Shares Change (YoY)	-0.14%	-0.52%	-5.73%	-1.41%	-0.34%	0.74%
EPS (Basic)	1.40	1.49	0.82	0.91	0.73	0.59
EPS (Diluted)	1.40	1.49	0.82	0.91	0.73	0.58
EPS Growth	-5.74%	81.71%	-9.89%	24.66%	25.86%	18.37%
Free Cash Flow	16,839	16,045	1,041	-3,990	22,225	-2,880
Free Cash Flow Per Share	1.97	1.88	0.12	-0.44	2.41	-0.31
Dividend Per Share	0.450	0.450	0.300	0.300	0.370	0.280
Dividend Growth	50.00%	50.00%	-	-18.92%	32.14%	12.00%
Gross Margin	18.45%	19.22%	17.88%	19.18%	15.60%	16.44%
Operating Margin	3.30%	5.30%	3.67%	2.92%	2.68%	4.26%
Profit Margin	5.89%	6.28%	4.05%	6.02%	4.93%	5.19%
Free Cash Flow Margin	8.29%	7.94%	0.60%	-2.90%	16.29%	-2.79%
EBITDA	15,944	19,552	13,610	10,124	8,972	9,187
EBITDA Margin	7.85%	9.67%	7.86%	7.37%	6.58%	8.89%
D&A For EBITDA	9,244	8,844	7,257	6,114	5,312	4,782
EBIT	6,700	10,708	6,353	4,010	3,660	4,406
EBIT Margin	3.30%	5.30%	3.67%	2.92%	2.68%	4.26%
Effective Tax Rate	8.10%	11.14%	10.24%	6.29%	10.12%	13.89%
Revenue as Reported	203,102	202,195	173,212	137,340	136,405	103,308
Advertising Expenses	-	3,197	4,046	3,048	2,505	2,170

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