Wuling Motors hits nearly 4-month high on robust profit outlook

Wuling Motors Holdings

06/03/2025 03:19

** Wuling Motors 0305.HK jumps 10.9% to HK$0.51, highest since November 12, 2024

** Stock set for biggest one-day pct gain since October 2, 2024

** Chinese new energy vehicles manufacturer expects to report 79% y/y jump in 2024 profit attributable, helped by compensation rebate related to supply of EV components, increase in government grants income

** Says unfavourable market condition led to total rev drop in 2024

** YTD, stock gains ~21%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))