The average selling price and profit of single car increased year-on-year.
On April 22, Great Wall Motor Company Limited(601633) ( Great Wall Motor Company Limited(601633) . Sh, 02333. HK; hereinafter referred to as ” Great Wall Motor Company Limited(601633) “) released the first quarter financial report as of March 31, 2022.
During the reporting period, Great Wall Motor Company Limited(601633) achieved a revenue of 33.619 billion yuan, an increase of 8.04% over the same period in 2021; The net profit was 1.634 billion yuan, a year-on-year decrease of 0.34%, deducting non net profit of 1.303 billion yuan, a year-on-year decrease of 2.41%. It is worth noting that this is Great Wall Motor Company Limited(601633) following the third quarter and fourth quarter of 2021, the net profit of Great Wall Motor Company Limited(601633) fell for three consecutive quarters, and the net profit of the previous two quarters fell by 35.82% and 1.72% respectively.
In terms of expenses, the sales expenses of Great Wall Motor Company Limited(601633) were 1.051 billion yuan, down 8% from 1.144 billion yuan in the same period in 2021; The management fee was 1.177 billion yuan, a significant increase of about 77% compared with 664 million yuan in the same period in 2021; The R & D expenditure was 1.324 billion yuan, an increase of 45.8% over 908 million yuan in the same period in 2021.
Behind the decline in profits, the sales volume of Great Wall Motor Company Limited(601633) in the first quarter also declined Great Wall Motor Company Limited(601633) released data show that the cumulative sales volume in the first quarter of this year was 283500, a year-on-year decrease of 16.32%. Among them, the sales volume of Harvard brand was 166800, a year-on-year decrease of 25.13%; The sales volume of Great Wall pickup truck was 43000, a year-on-year decrease of 27.68%; Wey brand, Euler brand and tank brand increased by 22.34%, 10.01% and 79.80% respectively year-on-year.
Although the overall profit declined, the average selling price and profit of Great Wall Motor Company Limited(601633) the single car increased year on year. In the first quarter, the average price of Great Wall Motor Company Limited(601633) single car was 119000 yuan, with a year-on-year increase of 29.12%; The average profit of its single car was 4600 yuan, a year-on-year increase of 16.62%.
However, facing the shortage of raw material supply, Great Wall Motor Company Limited(601633) faces multiple risks in 2022.
Previously, Great Wall Motor Company Limited(601633) ; The impact of chip supply on enterprise production is still prominent, and the sharp rise in raw material prices further increases the cost pressure of enterprises; The scientific and technological revolution represented by 5g, AI, cloud computing, big data, communication equipment and other technologies has begun. The deep integration of automobile and technology requires traditional automobile enterprises to accelerate the transformation and accelerate the transformation to cleaner and intelligent direction; The automobile market has changed from increment to stock, and the market competition is becoming more and more fierce. The era of lying and winning is over, the knockout competition has been opened, and the fault-tolerant space of enterprises has been greatly reduced. If you are careless, you may lead to a cliff fall.
