Great Wall Motor Full Year 2024 Earnings: In Line With Expectations

Great Wall Motor (HKG:2333) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥202.2b (up 17% from FY 2023).
• Net income: CN¥12.7b (up 81% from FY 2023).
• Profit margin: 6.3% (up from 4.1% in FY 2023).
• EPS: CN¥1.49 (up from CN¥0.82 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Great Wall Motor Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the China segment contributing a total revenue of CN¥121.0b (60% of total revenue). Notably, cost of sales worth CN¥163.3b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥9.28b (33% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥1.98b. Explore how 2333's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in Hong Kong.

Performance of the Hong Kong Auto industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Great Wall Motor that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.