By Martin Mou

Great Wall Motor Co.'s net profit jumped 20% last year on stronger automobile sales and higher gross profit.

Net profit was 5.39 billion yuan ($831.5 million), compared with CNY4.50 billion in 2019, the Chinese car maker said Monday in a preliminary earnings statement.

Great Wall Motor's revenue increased to CNY103.28 billion from CNY96.21 billion.

New models launched in 2020 stood out in the market and boosted the company's sales, Great Wall Motor said.

Write to Martin Mou at martin.mou@wsj.com

(END) Dow Jones Newswires

01-25-21 0548ET