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Chinese automaker known for SUVs and pickup trucks under its Haval, Tank and Great Wall brands, plus growing EVs.
Chinese automaker known for SUVs and pickup trucks under its Haval, Tank and Great Wall brands, plus growing EVs.
Sells through franchised dealers, with SUVs and pickups carrying the line-up and exports an increasing part of sales. It makes many of its own parts, which gives it control over cost. Chairman Wei Jianjun and his family, through Baoding Innovation Great Wall Asset Management, control it.
In one line: A Chinese Jeep/Ford-truck maker branching into EVs and hybrids.
Moat: narrow (brand, scale, distribution). Strong SUV/pickup brand recognition domestically and growing export dealer network.
Headquarters: Baoding, China · Founded: 1984 · Employees: 97,600
Size Great Wall Motor (2333.HK) is a Hong Kong Consumer Discretionary company (Motor Vehicles) with a market value of $15.7B, the 112th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.40 on 6 Nov 2026.
Performance Over six months the shares fell 47.8%, against -8.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 13.2% over the last twelve months (peer median +5.0%); the operating margin is 1.7% (peer median 4.8%).
Valuation It trades at 5.9× forward earnings against a peer median of 12.0× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points above its cost of capital (8.5% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$260B | HK$233B | HK$212B | HK$185B | HK$154B |
| Revenue growth | — | +10% | +14% | +20% | — |
| Gross profit | HK$49.8B | HK$28.1B | HK$29.7B | HK$25.6B | HK$22.5B |
| EBITDA | n/a | HK$18.3B | HK$23.0B | HK$10.9B | HK$12.4B |
| Net income | HK$5.75B | HK$10.7B | HK$13.7B | HK$7.76B | HK$9.61B |
| Free cash flow | HK$18.6B | HK$31.5B | HK$17.4B | HK$2.44B | -HK$4.08B |
| Capital expenditure | HK$14.1B | HK$12.5B | HK$12.9B | HK$18.5B | HK$19.0B |
| Total debt | HK$61.7B | HK$56.3B | HK$62.6B | HK$63.8B | HK$68.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Great Wall Motor 2333.HK | $15.7B | -48% | +13% | 2% | 5.9× | -5.1% |
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 15.8× | n/a |
| Chery Automobile 9973.HK | $17.8B | -22% | +11% | 5% | 5.8× | n/a |
| Geely Auto 0175.HK | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% |
| Guangzhou Automobile 2238.HK | $6.28B | -27% | 0% | -17% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2333.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.1% | +2.6% | 2nd lowest of 21 |
| 6-month return | -47.8% | -8.2% | 2nd lowest of 21 |
| Distance from 52-week high | -61.8% | -26.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +13.2% | +5.0% | 6th highest of 20 |
| Operating margin | 1.7% | 4.8% | 8th lowest of 21 |
| Forward P/E | 5.9× | 12.0× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -5.1% | 5.1% | 4th least demanding of 11 |
| Growth delivered (Del g) | +15.6% | +11.5% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | -20.8 pp | -7.3 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | +3.0 pp | -1.2 pp | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Great Wall Motor 2333.HK | Hong Kong | $15.7B | -48% | +13% | 2% | 5.9× | -5.1% | +15.6% |
| Tata Motors TMCV.NS | India | $16.6B | -2% | n/a | 9% | 20.7× | 17.8% | n/a |
| Stellantis STLAP.PA | France | $17.0B | -40% | -2% | -14% | 8.2× | n/a | n/a |
| Chery Automobile 9973.HK | Hong Kong | $17.8B | -22% | +11% | 5% | 5.8× | n/a | n/a |
| SAIC Motor 600104.SS | China | $17.8B | -24% | -3% | 2% | 11.9× | -14.7% | -2.4% |
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
| Traton 8TRA.DE | Germany | $18.9B | +2% | +1% | 6% | 6.1× | n/a | n/a |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | n/a | n/a | n/a |
| Rivian Automotive RIVN | United States | $19.9B | -4% | +11% | -53% | n/a | n/a | n/a |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Geely Auto 0175.HK | Hong Kong | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% | +29.3% |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| Seres 9927.HK | Hong Kong | $11.4B | -54% | -2% | -4% | 90.9× | n/a | n/a |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | n/a | n/a | n/a |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 28.5× | n/a | n/a |