Great Wall Motor's H1 2026 Revenue Rises Amid Net Profit Decline

On July 15, Great Wall Motor Chairman Wei Jianjun disclosed the company's preliminary H1 2026 financial results via his official Weibo account. Data shows that from January 1 to June 30, 2026, Great Wall Motor achieved year-on-year growth in both overall sales volume and revenue. Overseas markets delivered standout performance, while the domestic high-value vehicle mix continued to optimize — further strengthening the brand's global influence.

According to preliminary calculations by the company's finance department, Great Wall Motor expects its net profit attributable to shareholders of the parent company for H1 2026 to range between RMB 2.35 billion and RMB 2.60 billion — a decline of RMB 3.737 billion to RMB 3.987 billion, or 58.97% to 62.92%, year-on-year. Non-GAAP net profit is projected at RMB 1.50 billion to RMB 1.75 billion, down RMB 1.831 billion to RMB 2.081 billion, or 51.14% to 58.12%, year-on-year.

Regarding the year-on-year profit decline, Great Wall Motor explicitly cited two primary factors: first, the timing of overseas tax-related subsidy receipts was delayed beyond expectations; second, foreign exchange rate fluctuations during the reporting period generated adverse foreign exchange gains/losses. Notably, despite net profit pressure, the company maintained a competitive advantage in channel health — Wei Jianjun emphasized "selling more, shipping less," with a domestic inventory-to-sales ratio better than the industry average, effectively safeguarding sustainable operations for both the OEM and dealers.

In his statement, Wei Jianjun reaffirmed GWM's long-term business philosophy: "While headline figures matter, we care even more about the company's healthy, sustainable development." He noted the current market environment is highly complex and competitive, adding that Great Wall Motor's growth reflects strong support from consumers both at home and abroad — and thanked owners for recognizing the company's commitment to integrity. Going forward, the company will continue executing its previously announced H-share repurchase program.