On July 14, Great Wall Motor founder and chairman Wei Jianjun said the company’s
1H preview showed overall sales and revenue rose YoY. He attributed the reported
profit decline to delayed recoupment of overseas tax subsidy benefits and
foreign-exchange volatility. Wei said headline figures matter but the company
prioritizes healthy development. At the channel level he added the firm is
selling more than it is shipping; domestic inventory-to-sales ratios are better
than the industry average, supporting healthy operations for the company and
dealers.