On March 29, Great Wall Motor Company Limited(601633) disclosed the financial report of 2021. According to the financial report, the company’s operating revenue in 2021 was 136.4 billion yuan, a year-on-year increase of 32.04%; The net profit was 6.73 billion yuan, a year-on-year increase of 25.41%.
As of December 31, 2021, Great Wall Motor Company Limited(601633) total assets reached 175.41 billion yuan, an increase of 13.89% over the end of 2020; The net cash flow from operating activities was a net inflow of 35.32 billion yuan, a year-on-year increase of 581.61%; The balance of cash and cash equivalents at the end of the period was 27.91 billion yuan, a year-on-year increase of 105.33%; The company plans to pay a dividend of about 650 million yuan at the end of the year, and a dividend of 2.77 billion yuan has been paid in the middle of 2021, with an annual dividend of 3.42 billion yuan, with a dividend ratio of more than 50.81%.
Public data show that Great Wall Motor Company Limited(601633) achieved 1.28 million new car sales in 2021, with a year-on-year increase of 14.79%, laying a solid foundation for the improvement of various financial indicators. In terms of new energy vehicles, Euler sold 135000 vehicles in 2021, a year-on-year increase of 140%.
It is noteworthy that Great Wall Motor Company Limited(601633) in 2021, while optimizing the product structure, the brand premium ability has also been improved. The overall average price of a single car exceeded 106000 yuan, an increase of 15.02% year-on-year. From January to February this year, the proportion of sales of models above Great Wall Motor Company Limited(601633) 150000 yuan increased to 15.5%, and the proportion of intelligent models increased to 88.1%. High value and intelligent products have gradually become the main sales force of the company, further boosting the stable rise of performance.
In terms of overseas business, in 2021, Great Wall Motor Company Limited(601633) achieved overseas sales of nearly 140000 vehicles, overseas revenue of 16.16 billion yuan, accounting for 11.85% of the operating revenue, with a year-on-year increase of 142.24%. Global business is more and more critical to the business performance of enterprises.
In terms of R & D investment, in 2021, Great Wall Motor Company Limited(601633) R & D investment reached 9.07 billion yuan, a year-on-year increase of 76.05%, accounting for 6.65% of operating revenue, providing strong technical support for product experience upgrading. The proportion of models based on the three major technology brands continued to increase, and this investment proportion reached 75.1% from January to February this year.
In 2022, facing the challenges of rising raw material prices and chip supply shortage in the automotive industry, Great Wall Motor Company Limited(601633) will take active measures to alleviate the pressure on the supply chain and accelerate the transformation to a “global intelligent technology company”.
