Great Wall Motor (02333) said its net profit attributable to shareholders for the first nine months of 2014 dropped 9.49% year-on-year to Rmb5,586 million.
Its basic earnings per share were Rmb1.8361. Operating income grew 4.44% year-on-year to Rmb42,586 million.
For the third quarter of 2014, Great Wall Motor's net profit dropped 21.7% year-on-year to Rmb1,632 million. Operating income fell 2.1% to Rmb14,059 million.
In respect of Haval H8, it is found that the problem is caused by the defects of rear main decelerator of Haval H8. Great Wall Motor has engaged a new international supplier of automotive parts and components to develop the part and will conduct relevant experiments and tests upon the completion of its development.
23/10/2014 17:07
Great Wall Motor (02333) 9-month net down 9.5% to Rmb5.59bn
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