MB-GWMC@EC2612A

Citi Downgrades Great Wall Motor's Target Price to 14.8 RMB

CLSA Maintains ‘Outperform’ Rating on Great Wall Motor

Morgan Stanley Maintains Geely Automobile's Rating, Sets Target Price at HKD 15

UBS Maintains Great Wall Motor's Target Price and Buy Rating

GWM reports 46.01% YoY decline in net profit for Q1 2023

Great Wall Motor Launches Hi4-T Electric Hybrid Pick-up Truck at the Beijing Auto Show

Great Wall Motor Ceases Production of Ora 03 Electric Hatchback in the UK

GWM Reports Revenue Growth but Declining Net Profit in Q1 2026

GWMOTOR released FY2026 Q1 earnings on April 24 Pre-Market (BJT), actual revenue HKD 51.14 B (forecast HKD 55.28 B), actual EPS HKD 0.1247

Great Wall Motor Provides 6 Billion Thai Baht Guarantee for Its Thai Subsidiary

Great Wall Motor Plans to Launch 10 New Models in Europe Over the Next Two Years

Mr. Wei Criticizes WEY Brand's Marketing Team

GWM Haval MENG LANG PLUS Officially Launches Pre-sale

Wei brand launches GuYuan S platform and starts global pre-sale of V9X

Great Wall Motor Revises Annual Report Adding Low-Risk Investments

Great Wall Automobile Chairman Elaborates on the Philosophy of 'Contract Spirit'

GWMOTOR to release FY2026 Q1 earnings on April 24 Pre-Market (BJT), forecast revenue HKD 55.91 B

Great Wall Motor Launches Harrier HX Plug-in Hybrid SUV

Jefferies Maintains Buy Rating on Great Wall Motor with Target Price at HKD 22.00

Great Wall Motor Announces Autonomous Driving Solution Strategy

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In a report released yesterday, from UOB Kay Hian maintained a Buy rating on Great Wall Motor Co, with a price target of HK$15.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on Great Wall Motor Co is a Moderate Buy with an average price target of HK$16.92.

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UOB Kay Hian Remains a Buy on Great Wall Motor Co (GWLLF)

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MONTAGE TECH(06809) rose 13.78%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 142.5%. HUAQIN(03296) rose 10.42%, with a trading turnover 539.8 Million HKD, and a year-to-date rose 26.1%. ILUVATAR COREX(09903) fell 9.37%, with a trading turnover 595.3 Million HKD, and a year-to-date rose 186.4%. SINOTRUK(03808) fell 5.97%, with a trading turnover 764.7 Million HKD, and a year-to-date rose 44.8%.

- The Hang Seng Index fell by 0.2%, with a year-to-date increase of 1.2%, while the Hang Seng Tech Index rose by 0.77%, accumulating a decline of 10.4% this year.  
- Langqi Technology (06809) saw a significant rise of 13.78%, with a turnover of HKD 1.37 billion, marking a year-to-date increase of 142.5%.  
- Conversely, Tianshu Zhixin (09903) decreased by 9.37%, with HKD 600 million in turnover, while China National Heavy Duty Truck Group (03808) dropped by 5.97%, with a year-to-date rise of 44.8%.

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Jefferies anticipates GREAT WALL MOTORwill recover from its earnings trough, projecting improved gross margins in 2Q26 due to tax rebates from localization efforts. Despite a 46% YoY drop in net profit to RMB945.5 million in 1Q26, revenue rose 13% YoY to RMB45.1 billion. Vehicle sales increased 4.8% YoY to 269,000 units, though still below the annual target. Jefferies maintains a Buy rating with a target price of HKD22 for H shares and RMB30.4 for A shares, citing potential sales growth from new product launches and overseas markets.

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Jefferies Financial

Jefferies Expects GREAT WALL MOTOR  to Emerge from Earnings Trough; 2Q26 Gross Margin Seen Improving

Morgan Stanley reported that Great Wall Motor's 1Q26 results fell short of expectations, with a net profit of RMB945 million, down 46% YoY and 23% QoQ. Core earnings dropped 67% YoY to RMB482 million. The firm maintains an Equalweight rating with a target price of HKD15, citing foreign exchange headwinds and short-term volatility as factors affecting the share price.

Morgan Stanley

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M Stanley: Great Wall Motor  1Q26 Results Miss; Rated Equalweight

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CLSA maintains an Outperform rating for GREAT WALL MOTOR, citing continued overseas growth momentum. The company reported a 12.7% YoY revenue increase to RMB45.1 billion in Q1, with net profit down 46% YoY to RMB950 million, but up 41.7% when excluding exchange rate impacts. Sales volume rose 4.8% YoY to 269,100 units, with overseas sales making up 48.3%. CLSA forecasts full-year sales of 1.4 million units and expects moderate earnings growth per vehicle, setting target prices at HKD15 for H shares and RMB23 for A shares.

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ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

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Hua Xia CSI New Energy Vehicles ETF

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Guotai CSI 800 Automobile and Parts ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

CLSA Expects GREAT WALL MOTOR  Overseas Growth Momentum to Continue, Maintains Outperform Rating

UOB Kay Hian has cut the target price for GREAT WALL MOTORfrom HKD16 to HKD15 while maintaining a Buy rating. The company reported a 46% YoY decline in 1Q net profit to RMB945 million, missing expectations, primarily due to increased selling and R&D expenses. Despite this, the investment thesis remains positive, supported by a strong product pipeline and new technologies. Net profit forecasts for 2026-2028 have been reduced by 15-17% to account for higher expenses.

UOB Kay Hian Cuts GREAT WALL MOTOR  TP to HKD15, Maintains Buy Rating

Great Wall Motor (GWM) is discontinuing the Ora 03 electric hatchback in the UK due to poor sales, with only 542 units registered last year and just 26 in Q1 2026. Originally launched in 2022 as the Ora Funky Cat, the model will only be available from existing dealer stock. This decision is part of GWM's strategy to reassess its European operations, with plans to introduce new electric and electrified models, primarily focusing on SUVs under the Haval brand, starting mid-2026.

electrive

GWM discontinues Ora 03 electric hatchback in the UK

Great Wall Motorreported a 46% YoY decline in net profit for Q1 2026, totaling RMB945 million, despite a 12.7% increase in revenue to RMB45.109 billion. The company invested RMB2.242 billion in R&D, up 17.6% from last year. Management noted growth in sales volume and revenue, with a higher proportion of overseas sales contributing to improved revenue per vehicle and gross margin. The profit drop was primarily due to last year's foreign exchange gains.

GWMOTOR 1Q NP Plunges 46% YoY to RMB945M

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China's Great Wall Motor seeks European comeback with launch of 10 new cars

On April 17, Great Wall Motor's WEY brand officially unveiled the Guiyuan S platform and announced global pre-sales for its first flagship model, the WEY V9X, with a starting pre-sale price of 371,800 yuan

Wallstreetcn

Great Wall Motor's WEY Brand Officially Unveils Guiyuan S Platform

Svolt Energy has commenced mass production of its 80-kWh Fortress 2.0 battery, the largest-capacity PHEV battery in China. This new battery offers a 35.6% increase in capacity from its predecessor and supports 6C fast charging, providing an all-electric range of over 400 km. The battery features advanced thermal safety management and is designed for large family vehicles and off-road use. It will debut on a new PHEV model at the upcoming Beijing Auto Show.

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CATL

CATL HK SDR 30to1

Svolt begins mass production of 80-kWh high-capacity PHEV battery

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In 2025, HEV (hybrid electric vehicles) emerged as a highlight in the global automotive market, with significant sales growth for Toyota and Ford. Chinese automakers such as Great Wall Motor and Changan Automobile are increasingly prioritizing HEV technology, gradually entering this market. HEV technology has clearly diverged from the traditional hybrid systems of Japanese automakers; companies like Geely Auto have launched new-generation i-HEV systems emphasizing low cost and high efficiency. HEVs have become a crucial pathway for Chinese automakers to penetrate the traditional automotive market

- In 2025, HEV (hybrid electric vehicles) gained prominence in the global auto market, with significant sales by companies like Toyota and Ford, indicating stable growth.  
- Chinese automakers are now advancing HEV technology, shifting focus from purely electric models, as they leverage established supply chains and production capabilities developed during the rise of plug-in hybrids.  
- As HEV technology evolves, it is expected to fulfill market needs beyond fuel efficiency, embracing advanced features, positioning itself as a viable contender in the global automotive landscape.

MB-GWMC@EC2612A(28563.HK)

UOB Kay Hian Remains a Buy on Great Wall Motor Co (GWLLF)

Top 5 HK Stock Gainers/Losers (>100B) (4.27)

Jefferies Expects GREAT WALL MOTOR to Emerge from Earnings Trough; 2Q26 Gross Margin Seen Improving

M Stanley: Great Wall Motor 1Q26 Results Miss; Rated Equalweight

CLSA Expects GREAT WALL MOTOR Overseas Growth Momentum to Continue, Maintains Outperform Rating