Great Wall Motor net profit for 2012 rose 66% year on year to CNY5.7bn.

The figures were basically flat with the company's preliminary estimation published in late January, the Xinhua news agency said.

The company attributed the improved profitability to its optimised product structure and growth in overseas business.

Operating revenue was up 43% to to CNY43.16bn.

Gross profit margin was a record 26.87% in 2012, up from 24.91% in 2011.

Earnings per share rose 53.3% to CNY1.87.

Proposed dividend is CNY0.57.