Great Wall Motor H1 revenue tops 102 billion yuan as foreign deliveries claim half of total volume
Great Wall Motor generated 102.101 billion yuan in revenue during the first half of 2026, marking a 10.58% year-on-year increase as international deliveries surged 45.46% to reach 289,016 vehicles.
- 102.101 billion yuan
- 289,016 units
- 2.465 billion yuan
- 575,764 units
What Happened
The interim financial filing published by the automaker (601633) confirms top-line turnover passing the 100-billion-yuan milestone. Total vehicle shipments across domestic and foreign operations reached 575,764 units, representing a 1.22% increase over the previous year.
102.101 billion yuanRMB
10.58% year-on-year increase across six-month reporting period
Export distribution drove top-line expansion, with cross-border sales expanding 45.46% to 289,016 units. That milestone means export shipments surpassed half of cumulative corporate deliveries for the first half.
- 102.101 billion yuan (up 10.58%)
- 2.465 billion yuan (down 61.11%)
- 1.61 billion yuan (down 55.04%)
Earnings faced headwinds despite revenue gains. Net profit attributable to listed shareholders dropped 61.11% to 2.465 billion yuan, while recurring net profit excluding extraordinary items fell 55.04% to 1.61 billion yuan. Management attributed the margin squeeze to sluggish collection of cross-border tax rebates alongside foreign exchange volatility.
- Expanding global footprint while managing cross-border operational pressures.
- Accelerating the commercial rollout of new-energy vehicles across the domestic market.
- Balancing international sales volume expansion with sustained operational profitability.
Why this matters
International markets now account for more than 50% of Great Wall Motor's total sales volume, transforming the carmaker into an export-led business. However, foreign exchange volatility and delayed tax subsidies compressed first-half net profit by 61.11% to 2.465 billion yuan.
Terms in This Story
- Interim Report
- A half-year financial statement disclosing un-audited or reviewed earnings, revenue, and balance-sheet performance.
- Recurring Net Profit
- Operating profit earned strictly from core business activities, stripping out one-off asset sales, subsidies, or non-operating gains.
A brief summary; details can be imperfect — always verify against the original source.