Great Wall Motor (02333) said its preliminary net profit attributable to shareholders for the year ended 31 December 2014 dropped 2.09% year-on-year to Rmb8,052 million.
Its basic earnings per share were Rmb2.65.
Operating revenue amounted to Rmb62,591 million, an increase of 10.23% from a year earlier. These were mainly attributable to the increase in the revenue due to the change of sales structure of the company as a result of the increase in the proportion of sales of SUV with higher selling price and gross profit, in particular the increase in the sales of H6, despite the slight decrease in overall sales as compared to the corresponding period of the year 2013. The decrease in profit for the year 2014 as compared with the year 2013 was also attributable to the significant increase in the investment in research and development.
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