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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Great Wall Motor Company
Great Wall Motor Company (2333) investor relations material
Great Wall Motor Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Unaudited Q3 revenue was RMB57.77bn, down 5.68% YoY; net profit attributable to shareholders was RMB1.36bn, down 40.75%.
9M revenue rose 4.09% YoY to RMB159.87bn, while attributable net profit fell 55.69% to RMB3.83bn.
Overseas sales growth under the global brand strategy and “ONE GWM” model was outweighed by domestic market weakness; delayed overseas tax-subsidy recovery and FX fluctuations also pressured 9M profit.
Financial highlights
Q3 total profit was RMB1.84bn, down 37.49% YoY; 9M total profit was RMB5.12bn, down 48.52%.
9M operating profit was RMB5.00bn versus RMB9.77bn in 2025; operating costs increased to RMB156.22bn from RMB147.23bn.
9M net profit attributable to shareholders after deducting non-recurring gains/losses was RMB2.59bn, down 52.69%; Q3 was RMB980.0m, down 48.25%.
Non-recurring gains/losses totaled RMB1.24bn for 9M and RMB381.6m for Q3.
Key financial ratios and metrics
9M basic and diluted EPS were RMB0.45 per share, down 55.45% YoY; Q3 EPS was RMB0.16, down 40.74%.
Weighted average return on net assets was 4.32% for 9M and 1.55% for Q3.
Total assets were RMB232.59bn at 30 September 2026, up 3.24% from year-end 2025; attributable shareholders’ equity was RMB87.87bn, down 0.03%.
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Latest events from Great Wall Motor Company
- Revenue up 10.58% but net profit down 61.11% as overseas sales and NEV penetration rise.2333
H1 2026 - Revenue up 12.72% but net profit down 46.01% year-over-year, with improved operating cash flow.2333Q1 2026
- Revenue rose 10.2% to RMB222.82 billion, but net profit dropped 22.1% to RMB9.87 billion.2333H2 2025
- Revenue up 20.5% in Q3, but net profit down 31.2% year-over-year amid higher investments.2333Q3 2025
- H1 2025 revenue up 0.99% YoY, net profit down 10.21%, NEV sales up 23.64%.2333H1 2025
- Net profit surged 109% year-over-year to RMB 10.43 billion on strong sales and product mix.2333Q3 2024
- Net profit soared 420% on 31% revenue growth, led by overseas and NEV sales.2333H1 2024
- Net profit surged 80.8% to RMB12.7 billion on record revenue and strong NEV, export growth.2333H2 2024
- Net profit fell 45.6% in Q1 2025 as sales dropped during a product upgrade cycle.2333Q1 2025
Great Wall Motor Company
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Frequently asked questions
Great Wall Motor Company Limited is a leading Chinese automobile manufacturer, specializing in the production of sport-utility vehicles (SUVs), pickup trucks, and electric vehicles (EVs). Founded in 1984 and named after the Great Wall of China, GWM has established itself as China's largest producer of SUVs and pickup trucks. It operates under several brand names, including GWM, Haval, WEY, TANK, POER, and ORA, the latter focusing on electric vehicles. As of 2021, GWM was the third-largest Chinese plug-in electric vehicle manufacturer in its home market. The company has expanded its global footprint, establishing manufacturing bases and R&D centers across various countries, including R&D centers in Japan, the United States, Germany, India, Austria, and South Korea. Great Wall Motor is headquartered in Baoding, Hebei, and its shares are listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.