On October 25, Great Wall Motors released an announcement that the company repurchased 46179000 H shares on October 24 at a maximum price of HK $7.81 per share and a minimum price of HK $7.67 per share. The total amount of funds used was nearly HK $359 million.

As of October 24, Great Wall Motors had repurchased 233056500 H-shares, accounting for 2.54% of the total issued share capital, and 7.79% of the total issued H-shares. The highest purchase price was HKD 16.98 per share, the lowest price was HKD 7.67, and the total used capital was about HKD 2.781 billion.

After the opening of Hong Kong stocks today, auto stocks continued to adjust. Great Wall Motors fell more than 5% for a time, but then began to rise. As of press release, Great Wall Motors reported HK $7.88 in the session, up 0.90%.

In the first three quarters of this year, the gross operating income of Great Wall Motors was 99.48 billion yuan, up 9.56% year on year, and the net profit reached 8.149 billion yuan, up 64.80% year on year.

In terms of sales, Great Wall Motors sold 802300 new vehicles in the first three quarters, including 96900 new energy vehicles, a year-on-year increase of 14.31%; The overseas sales of 111700 vehicles increased by 14.09% year on year.

Citigroup and China Merchants Bank International maintain the "buy" rating of Great Wall Motors, with target prices of HK $14.6 and HK $10 respectively. Huachuang Securities gave a "strong push" rating, and said that the production and sales of Great Wall Motors had been greatly affected by the supply chain before. With the supply chain easing, market demand rebounding, and the launch of new models, the sales of finished vehicles in the fourth quarter are expected to recover.