Wei Jianjun Addresses Great Wall Motors' Profit Dip
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Author:小编   

On July 14, Wei Jianjun, the visionary founder and chairman of Great Wall Motors, shared a post revealing that the company had unveiled its performance forecast for the first half of the year on the same day. The forecast indicated a year-on-year increase in both total sales and revenue. Elaborating on the factors contributing to the profit decline, he cited, firstly, a lag in the resumption of overseas tax policy subsidy benefits, and secondly, the impact of exchange rate fluctuations. Wei underscored that while financial figures hold significance, the company prioritizes sustainable and healthy growth above all. When it comes to channel operations, Great Wall Motors has managed to achieve robust sales figures coupled with relatively lower shipment volumes. Its domestic inventory-to-sales ratio outperforms the industry average, thereby guaranteeing the sound functioning of both the company and its dealer network.