On April 8, GWM released the production and sales data of March 2021. In March, 110,736 new GWM cars were sold, with a year-on-year growth of 84.4% and a month-on-month growth of 24.4%. Among them, 8,052 cars were sold overseas, with a year-on-year increase of 35.5%. From January to March, 338,798 GWM cars were sold, with a year-on-year increase of 125%, of which 28,810 were sold overseas, with a year-on-year increase of 115%.
In SUV category, 67,187 new HAVAL cars were sold in March, with a year-on-year increase of 66.6%, and the cumulative sales volume from January to March was 222,728, with a year-on-year increase of 110%. 25,999 WEY cars were sold from January to March, with a year-on-year growth of 163%. 22,001 GWM pickups were sold in March, with a year-on-year increase of 43.3%, and a market share of nearly 50%. 12,085 GWM POER cars were sold in March, with a year-on-year increase of 120%. ORA has set a new high in sales volume again. In March, 13,049 new cars were sold, with a year-on-year increase of 1038% and a month-on-month increase of 77.0%. From January to March, 30,683 new cars were sold, with a year-on-year increase of 1035%.
On March 30, Great Wall Motor Company Limited (hereinafter referred to as "GWM"; stock code: 601633 for A-share and 2333 for H-share) issued the Annual Report 2020. In 2020, when the external environment is fraught with uncertainties, GWM's sales sustained a sound growth and hit a record high. As of December 31, 2020, GWM registered total revenue of RMB 103.308 billion, up 7.38% YoY, and achieved a net profit of RMB 5.362 billion, a jump of 18.36% from the previous year.
Over the last year, GWM promoted self-transformation with the concept of "user-centered" and accelerated its transformation into a "global mobility technology company". Empowered by new technology brand, category layout, and mechanism reform, GWM achieved growth in market sales and business performance against the trend, demonstrating the enterprise's development perseverance.
Brand Building by Category, with An Impressive Increase in Revenue and Net Profit
In 2020, GWM's sales were increased impressively. Its operating revenue throughout the year totaled RMB 103.308 billion, an increase of 7.38% YoY, and its net profit reached RMB 5.362 billion, up 18.36% over the last year. In the total revenue, the vehicle sales registered RMB 92.386 billion, with a growth of 7.11% YoY, and the revenue of parts and components and other products stood at RMB 10.922 billion, increased by 23.32% from the previous year. With brand premium enhanced constantly, the average retail price reached to RMB 93,000, increased by 3.1% over 2019.
Over the past year, GWM built its brand by category and launched a series of online celebrity models such as Haval Big Dog, ORA Good Cat, and Tank 300, driving an all-around explosive growth of the four major brands. In 2020, GWM sold 1,115,900 vehicles, an increase of 5.41% YoY. It was the fifth year in a row that the sales goal of over one million vehicles was achieved.