Great Wall Motor surprised with a 507% increase in third-quarter earnings. The homegrown marque has made the best of an historic slowdown in domestic demand by squeezing suppliers and juicing margins, explains KatrinaHamlin
Great Wall Motor’s net profit rose 507% to 1.4 billion yuan in the third quarter, compared with a year earlier, the company reported on Oct. 25.
Total operating income rose 18% to 21.2 billion yuan in the same period. The company attributed the improvement in its bottom line to rising sales, and cost cuts.
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