Great Wall's net profit up 164%

Great Wall Motors' net profit rose from 1.023 billion yuan ($155.629 million) in 2009 to 2.698 billion yuan ($410.443 million) in 2010, up 163.7 percent, according to the company's performance report of 2010, published on Wednesday.

The report also revealed that the pretax profit of the firm last year was of 3.039 billion yuan ($462.319 million) with a year-on-year growth of 226.1 percent.

By December, 2010, the company's total assets had reached 23.8 billion yuan ($3.62 million), and net assets exceeded 10 billion yuan ($1.52 billion). Operation revenue last year topped 29 billion yuan ($4.41 billion). The carmaker has performed well since it went public in 2003, with no loans and debts.

In 2011, the carmaker plans to export 80,000 vehicles and enter North Europe.