Movement Alert|Great Wall Motor Falls 5.63% in Regular Trading, May Sales Turn Negative YoY Amid Continued Earnings Pressure

Market Focus06-02 09:34

On June 2, Great Wall Motor (02333.HK) fell 5.63% in regular trading, trading at 10.24 HKD/share, with trading volume of 47.99 million HKD.

On the news front, the company disclosed May sales of 100,000 units, representing a 1.79% year-over-year decline, marking a reversal from prior growth momentum. Meanwhile, Q1 non-GAAP net profit came in at only 482 million yuan, plunging 67.19% year-over-year, with net profit per 100 yuan of revenue shrinking to approximately 1 yuan — a sharp deterioration in profitability. The company also announced plans to repurchase and cancel approximately 4.46 million restricted shares involving 730 incentive recipients, triggered by a performance target achievement rate of just 88.67%, signaling intensifying operational pressure.

Additionally, institutional capital has seen sustained net outflows in recent sessions, with the broader auto sector squeezed by rising raw material costs and an ongoing industry-wide price war. Within the Automobile Manufacturers sector, BYD Company up 2.98%, Geely Auto down 0.79%, XPeng up 0.74%, Li Auto down 1.96%, NIO up 2.47%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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