What company is Great Wall Crown? Is it related to Great Wall Motor?

1, Great Wall Crown was established in August 2003. It is a China automobile brand and mainly produces small and medium-sized cars.

2. The Great Wall Crown has nothing to do with Great Wall Motor.

Great Wall Motor is a China automobile brand founded in 1984. Headquartered in Baoding, Hebei Province, it mainly produces pickup trucks, SUVs, cars and new energy vehicles. Great Wall Motor is the first private automobile enterprise listed in H shares in China, the largest professional pickup SUV factory in China, and a multinational company.

Extended information "National Six" standard shuffled the auto market, and Great Wall Motor's sales counterattacked.

Since the beginning of 20 19, China's automobile market has been continuously cold. On the one hand, the whole automobile industry was in a downturn in the first half of the year, and the overall growth rate of the automobile industry slowed down; On the other hand, under the catalysis of external events such as the accelerated implementation of the national six emission standards and Sino-US trade frictions, the automobile market as a whole declined.

In the downturn of the industry, on July 9/kloc-0, Great Wall Motor Co., Ltd. released the interim results forecast for 20 19, saying that the company expects the total operating income for the interim period to be 20 138 billion yuan, a decrease of 7.3 billion yuan compared with the same period of last year and a decrease of15% year-on-year;

The net profit attributable to shareholders of listed companies is about 65.438+0.53 billion yuan, which will decrease by 26.5438+0.7 billion yuan compared with the same period of last year, with a year-on-year decrease of 58.6%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is about 654.38+0.24 billion yuan, which will decrease by 2.34 billion yuan and 65.4% compared with the same period last year.

In view of this pre-reduction, Great Wall Motor gave the reason that the company increased the product preferential quota to benefit consumers, increased brand promotion and R&D investment, resulting in a year-on-year decline in net profit attributable to shareholders of listed companies.

From the performance alone, Great Wall Motor's operating income and net profit fluctuated to a certain extent, but from the actual market performance, Great Wall Motor is one of the few enterprises in the industry to maintain sales growth. In the first half of this year, Great Wall Motor sold 493,538 new cars, a year-on-year increase of 4.7%.

The relevant person in charge of Great Wall Motor told the Securities Daily that although Great Wall Motor maintained steady growth in the first half of 2065438+2009, the overall situation of China's automobile market was not objective, especially the market share of China automobile brands continued to decline, and China's automobile market was changing from an "incremental market" to a "stock market".

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People's Daily Online-"National Six" Standard Shuffle Car Market Great Wall Motor Sales Counterattack