Great Wall Motor was selected as "Ballon Weekly" China's top ten consumer brands

The United States Barron Weekly selected the top ten consumer brands in China and called it “the 10 Chinese brands that you must know”. Great Wall Motor has become the only car brand.

The Great Wall's top ten consumer brands list, Barron Weekly, believes that the current Chinese government is trying to boost the role of consumption in promoting economic growth, shifting its focus from previous exports to boost domestic demand; despite the fact that many foreign brands are currently popular in China, However, as the Chinese consumer class continues to grow, the biggest beneficiaries will still be Chinese local brands.

According to the company's share price and performance, Barron Weekly selected the top ten consumer brands in China to take readers to the new lineup of local Chinese brands. According to the alphabetical order of English names, they are: Baidu; China Mobile; Great Wall Motor; Haier Electronics; Lenovo; Li Ning; Maotai; Tencent; Tsingtao Brewery; Yunnan Baiyao. The list of car brands is only one of the Great Wall.

According to the data provided by Barron, the market value of Great Wall Motors is 7.3 billion U.S. dollars, and the recent stock price is 16.94 U.S. dollars, and the 2012 prospective price-earnings ratio is 10.2. Usually, the value-earnings ratio of 0 to 13 is the value of underestimated level, so you can judge Great Wall Motor's share price there is still a certain appreciation of space.

Top Ten Consumer Brands' Performance In the first half of this year, Great Wall Motor’s performance grew faster than expected, operating income was 18.288 billion yuan, an increase of 28.79% year-on-year; net profit attributable to shareholders of listed companies was 2.361 billion yuan, an increase of 30.29% year-on-year. The gain is 0.78 yuan. Among them, the SUV model boosted operating income by approximately 41%, which is higher than the 33% level in the same period of last year. Great Wall's share price has risen 49% this year, much higher than other local Chinese car companies listed in Hong Kong.

According to Barron, although Chinese consumers are more inclined to luxury cars such as Audi, BMW and Mercedes, only 2% of the urban population in China has a disposable income of more than 34,000 U.S. dollars. The proportion of households with disposable annual income between 6,000 US dollars and 16,000 US dollars accounts for 82% of the total population, and the cost-effectiveness becomes a bigger focus. As a result, local brands such as Great Wall Motor have won the favor of local consumers because of their cost-effective features.

In addition, Great Wall Motors is also accelerating overseas expansion. According to the Chief Information Officer of Great Wall Motors, Shangyu Gui revealed that the total export volume of Great Wall Motor reached 47,719 vehicles in the first half of the year, an increase of 40% year-on-year. Among them, the export volume of cars was 0.85 million, an increase of 40% year-on-year; the export volume of Haval SUVs was 17,800, an increase of 28% year-on-year; the export volume of Fengjun pickups was 21,000, an increase of 50% year-on-year. Xing Wenlin, vice president of Great Wall Motors, stated that the Great Wall models have been successfully exported to markets such as Russia, Algeria, Australia, Italy and Chile.

Great Wall Motors has a special position in the wave of local automobile brands entering overseas. Great Wall was put into operation in Russia's local assembly plant in 2006, making Great Wall Motor the first independent brand to establish a complete vehicle production plant overseas. If the scope of "Europe" is limited to the EU countries, the title of the Chinese car companies that set up factories in Europe will remain the Great Wall. On February 21 this year, Great Wall Motor's plant in Bulgaria officially put into operation, becoming the first Chinese car manufacturer to establish its first auto plant in the European Union.

“Barron Weekly” stated that the outside world has high expectations for these well-known brands, but at the same time these brands are under relatively greater pressure.