GWM (2333.HK) Price Pressure Eased in H2 August 19, 2019 263

Investment Summary
Continued to Rise Steadily against the Adversity, and Sales Rose by 5.3% yoy in 7M2019
GWM (Great Wall Motor) released a sales report, which showed that it sold 60,300 vehicles
in July, a increase of 11% yoy, and a slight decrease of 4.6% mom. In the first seven months,
it sold accumulatively 553,900 vehicles, an accumulative increase of 5.33% yoy, achieving by
51.8% of the annual target of 1.07 million vehicles after the down-regulation. The
Company`s overall sales volume enjoyed a growth higher than the industry average (-

About the author

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Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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