Movement Alert|GWMOTOR Intraday Decline 3.04%, H1 Attributable Profit Plummets 61% Despite Revenue Growth

Market Focus
Aug 27

On August 27, GWMOTOR declined 3.04% in regular trading, trading at HKD 7.965/share, with turnover of HKD 97.76 million. The decline follows the release of the company's H1 interim results.

GWMOTOR reported H1 revenue of 102.1 billion yuan, up 10.6% year-over-year, but attributable net profit collapsed 61.11% to 2.46 billion yuan from 6.34 billion yuan in the prior-year period. Earnings per share fell 60.8% to 0.29 yuan. The second quarter alone saw net profit decline 66.87% year-over-year. Gross profit totaled 3.28 billion yuan, down 53.16%. The board unanimously voted not to distribute an interim dividend.

Operating cash flow rose 13.25% to 10.44 billion yuan, suggesting core operations remain intact despite margin compression. Overseas sales reached 289,000 units in H1, accounting for over half of total volume of 575,800 units, with exports growing 48% through July. Net assets attributable to shareholders declined 0.57% to 87.39 billion yuan.

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