BUZZ-Great Wall Motor's HK shares drop on weak 2023 preliminary earnings

Reuters01-24

** Hong Kong shares of Great Wall Motor Co Ltd drop 8.8% to HK$8.12, their lowest since June 5

** Stcok on track for the biggest one-day pct decline since Feb 24, 2023; second biggest pct loser in Hang Seng Composite Index

** Shanghai shares down 3.4% 21.75 yuan, the lowest since April 2022

** The Chinese sport utility vehicle manufacturer says its preliminary net profit for 2023 down 15.2% YoY to 7 bln yuan ($975.8 mln)

** Hang Seng Commerce & Industry Index rises 1.5%, Hang Seng Composite Index climbs 1% and Hang Seng Index

adds 1.1%

** Hong Kong shares down 19.6% YTD, while Shanghai stock down 13.2% YTD

($1 = 7.1740 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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