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.

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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.

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Proposed dividend is CNY0.57.