GWMOTOR(601633) 华尔街见闻·2025-04-25 09:36Core Viewpoint - Great Wall Motors reported a significant decline in net profit by 45.60% in Q1 2025, attributed to a product upgrade cycle, decreased sales, and increased investment in direct sales system development [1][2][3] Financial Performance - Total revenue for Q1 2025 reached 40.019 billion yuan, a decrease of 6.63% year-on-year [2][5] - Net profit attributable to shareholders was 1.751 billion yuan, down 45.60% compared to the previous year [1][2] - Earnings per share fell to 0.21 yuan, a decline of 44.74% from 0.38 yuan in the same period last year [2][5] - The net cash flow from operating activities was -8.980 billion yuan, worsening from -2.634 billion yuan in the previous year [1][2] Asset and Equity Position - As of the end of Q1 2025, total assets amounted to 2125.47 billion yuan, a decrease of 2.38% from the end of 2024 [2][5] - Shareholders' equity increased by 4.66% to 826.62 billion yuan compared to the beginning of the year, indicating an improvement in the company's equity structure [2][3] Debt Management - The total liabilities at the end of the reporting period were 1298.85 billion yuan, down from 1387.26 billion yuan at the beginning of the year, reflecting effective debt control measures [3]