Great Wall Motor (2333) maintained its full-year sales target at 1.02 million units, expecting sales would continue to recover until year-end. The company said sales in July and August have grown from a year ago, and sales in the second half this year would be driven up by pent up consumption and new vehicles to be launched with relatively higher prices. Net profit for the first half this year dropped by 24.5 percent year-on-year to 1.146 billion yuan (HK$1.29 billion). Revenue dropped by 13.2 percent from a year ago to 35.93 billion yuan. Auto sales dropped by 13 percent from a year ago to around 399,800 units.

Source: The Standard August 31, 2020 06:11 UTC