Great Wall's profit up 77% in first nine months
Great Wall Motor Co. says its net profit in the first nine months of this year surged 77 percent year-on-year to 2.6 billion yuan ($409 million), reflecting robust vehicle sales.
The company, which is listed in Hong Kong and Shanghai, did not disclose its vehicle sales. But according to J.D. Power and Associates, Great Wall's sales rose 35 percent to 249,459 vehicles in the first nine months.
Great Wall, located in the Baoding city of North China's Hebei province, is China's largest domestic producer of SUVs and pickups.
