长城汽车：一季度净利润同比下降45.6%

Core Insights - Great Wall Motors (601633.SH) reported a total operating revenue of 40.019 billion yuan for Q1 2025, representing a year-on-year decline of 6.63% [1] - The net profit attributable to shareholders was 1.751 billion yuan, down 45.60% year-on-year [1] - The primary reasons for the decline include the company's product upgrade cycle, a decrease in sales, and increased investment in the direct sales system [1]