Great Wall Motor Company Limited (the “Company”) released its unaudited third quarter 2025 results. The Company recorded operating income of approximately RMB 61.25 billion for the third quarter, reflecting a 20.51% increase year-on-year, while net profit attributable to shareholders reached around RMB 2.30 billion, down 31.23% year-on-year.

From January to September 2025, the Company’s total operating income climbed by 7.96% year-on-year to about RMB 153.58 billion. Net profit attributable to shareholders stood at approximately RMB 8.63 billion, representing a 16.97% decrease compared with the same period last year. The decline was largely attributed to increased investment in direct-to-user channels, alongside promotional activities and brand-building efforts for new models and technologies. Net profit attributable to shareholders after deducting non-recurring gains and losses amounted to around RMB 5.48 billion, a decline of 34.39% year-on-year.

Total assets stood at approximately RMB 220.94 billion as of 30 September 2025, while owner’s equity attributable to shareholders reached around RMB 86.43 billion, reflecting a steady expansion of the Company’s asset base. Net cash flow from operating activities grew by 50.90% year-on-year to roughly RMB 21.39 billion, driven mainly by increased sales, targeted collection measures, and variations in payment strategies.

During the reported period, sales volume as well as operating income demonstrated a positive trend, supported by the Company’s focus on technology and product offerings. Despite the downturn in profit, the Company indicated that the intensified marketing and promotion for new product launches contributed to these results.