Great Wall car coveted return a-share future exports reached 30%

The date of the Great Wall car's return to the domestic a shares seems imminent.　　October 12, the Great Wall Motor issued a notice, to be issued in Shanghai Stock Exchange not more than 122 million shares, for the development of diesel engines, eg engines, 6MT transmission, aluminum alloy castings, car axles and brakes, interior and exterior decoration and automotive lighting projects, estimated total investment of about 3.17 billion yuan. In this regard, Goldman Sachs believes that a a-share listing will take six months, assuming that the long term successful listing next year, foresee the company's long-term profitability increase, as a result of additional resources to enhance the capacity of major components, accelerate future expansion and revenue growth, as well as additional investment engine and transmission, improve the new model　　The ratings reaffirm "buy" and the target price is unchanged at 23.78 yuan. In this case, an interview with the Great Wall car senior, it said the success of the meeting also need to pass the shareholders ' Congress and the CSRC's approval. "The shareholders ' meeting is not a problem, the key is to see the SFC and other competent departments of the attitude." "The expansion is imminent" the Great Wall is not short of money, but considering that 5 years later there are still 70% business in the domestic market, a return to a shares is a necessity. "A senior wall said.　　It revealed that the Great Wall is coveted return, the main reason is the value of the A-share market for brand value-added help. 2 years ago, the Great Wall Automobile has submitted a similar proposal of China Securities Regulatory Commission was dismissed, the new application, the senior thought that 2 years ago the well-known financial crisis led to market weakness, and the Great Wall funds ample, this time the Great Wall vehicle submitted a more detailed development strategy plan. "We must be confident that we won't be able to come back without confidence," he said. According to the 2010 interim results announcement of the Great Wall Automobile in Hong Kong, the first half of the year, the Great Wall car business growth of 77%, net profit from the same period 279 million yuan increased to 907 million yuan, year-on-year growth of 225%, profits doubled.　　Profit per share rose from 0.24 yuan to 0.79 yuan in the same period, an increase of 230.9%.　　As early as 1 months ago, this newspaper interviewed the Great Wall automobile Chairman Wei Jianjun, its return to a-share market remained silent, and repeatedly stressed that the Great Wall car "made in China" blueprint. According to the Great Wall Automobile's plan, 2010, the capacity achieves 500,000, the sales target 400,000, 2011 capacity 800,000, the sales 700,000, 2012 production capacity 1.1 million, sales 1 million, 2013 capacity 1.6 million, sales 1.3 million; 2014 capacity 2 million units, Sales of 1.5 million vehicles. Among them, Tianjin, Baoding will add capacity of 1.5 million units, domestic sales accounted for 70%.　　Production capacity is expected to reach 2 million vehicles by 2015, sales of 1.8 million vehicles, then the export volume of up to 30%. In the brand building, the Great Wall car will deepen the pickup, SUV, sedan three car Department of the "Chinese-made" concept.　　At the same time, the vice president of the Great Wall Car, Technical Research Institute executive Vice President Mr Huang Yong revealed that 5 years after the Great Wall car more than 5,000 people's research and development team will be extended to 10,000 people, the above factors have become the Great Wall car return to a a-share market momentum. Future exports reach 30% Great Wall Automotive Deputy general manager Shang Yuqui in an interview with this newspaper, said the Great Wall car 1-September cumulative sales of 258,481 vehicles, an increase of 79.9%.　　Harvard SUV category to achieve 106,538, an increase of 147.3%, Teng-wing sedan category to achieve 78,287, an increase of 52.6%, wind-June pickup category to achieve 73,656, the year-on-year increase of 49.5%, the first 9 months exports amounted to 42,275. It said that while there were still gaps in the annual sales target of 400,000 vehicles, the target would not be changed at the moment.　　In fact, the first 8 months of the Great Wall car sales have been slightly more than the overall sales last year, the Great Wall last year, the cumulative sales of 225,000 vehicles, and this January-August, the Great Wall car to achieve sales of 227,000 vehicles. According to the plan of Great Wall, the export volume will account for 30% of the total sales of the Great Wall car in 5 years. That is, exports reached at least 540,000 vehicles in 2015, and the current year, the Great Wall exports only 42,000 vehicles, the Shang Yuqui said, the current Great Wall motor has exported 121 countries, and has established 76 4S stores overseas, And this is the cornerstone of the future rapid growth of the Great Wall car.