Great Wall Motors is projected to generate a net profit attributable to shareholders of 12.692 billion yuan in 2024, marking an impressive year-on-year growth of 80.76%. This robust performance is underpinned by the company's refined sales structure, a result of its successful implementation of high-end and globalization strategies. Furthermore, operating activities have fueled a 56.49% surge in net cash flow, reaching 27.783 billion yuan. Great Wall Motors' robust profitability is a testament to its strength, and 2025 is poised to be a pivotal year with a significant lineup of new product launches, alongside intelligent upgrades that are anticipated to further propel sales. Amidst fierce market competition and the company's recent downward adjustment of profit forecasts, the current valuation remains attractive, falling below the industry average for comparable companies. Consequently, Hualong Securities maintains its 'Buy' rating for Great Wall Motors.