Is Great Wall a State-Owned Enterprise?
2 Answers
No, it is a private enterprise. Introduction to Great Wall Motors: Great Wall Motor Company Limited is the first domestic automobile enterprise listed in Hong Kong. The company is renowned for its steady development and strong economic strength, achieving high growth and profitability for over 10 consecutive years. To date, the company has been consistently listed among China's Top 500 Enterprises, China's Top 500 Machinery Enterprises, Top 10 Listed Private Enterprises in China, and ranks first among the Top 100 Enterprises in Hebei Province, becoming one of the most outstanding national automobile brands. In 2019, it ranked 84th on the list of China's Top 500 Manufacturing Enterprises. State-owned automobile enterprises include Changan, FAW Besturn, FAW Xiali, FAW Hongqi, SAIC Roewe, SAIC MG, Dongfeng Fengshen, Dongfeng Fengxing, GAC Trumpchi, Beijing Automotive, and Soueast Motors, among others.
Great Wall Motors is indeed a private enterprise. I've been following auto stocks for years. It got listed in Hong Kong in 2003 and then on the A-share market in 2011. The prospectus clearly states that the actual controller is Wei Jianjun. I remember during an earnings roadshow, the board secretary specifically emphasized the flexibility advantages of private enterprises. They started as a restructured township enterprise in Baoding, and now locals in Hebei all know it's Boss Wei's business. However, the state-owned Changan Automobile has taken a stake in SVOLT Energy, and people often confuse these two companies.
