Core Insights - Geely Auto's Zeekr Group reported Q3 2025 automotive sales revenue of 26.527 billion, a year-on-year increase of 7.3% and a quarter-on-quarter increase of 15.8% [1] - Total revenue for the quarter reached 31.562 billion, reflecting a year-on-year growth of 9.1% and a quarter-on-quarter growth of 15.1% [1] - Gross profit amounted to 6.046 billion, showing a year-on-year increase of 37.1% and a quarter-on-quarter increase of 6.9% [1] - The net loss for the quarter was 307 million, a significant reduction of 84.9% year-on-year [1] Sales Performance - Total vehicle deliveries for Q3 2025 reached 140,195 units, representing a year-on-year increase of 12.5% and a quarter-on-quarter increase of 7.1% [1] - Zeekr brand delivered 52,860 vehicles during the quarter [1] - Lynk & Co brand delivered 87,335 vehicles, with 72.4% of deliveries coming from new energy vehicles [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED 175 80175 海外監管公佈 上市附屬公司－ZEEKR INTELLIGENT TECHNOLOGY HOLDING LIMITED 二零二五年第三季度未經審核財務業績公佈 本公佈由吉利汽車控股有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規則 第13.10B條而作出。 ZEEKR Intelligent Technology Holding Limited（「極氪」）為本公司之非全資附屬公司，其 股份以美國存託股票形式於美國紐約證券交易所上市，已於二零二五年十一月十七日向 美國證券交易委員會遞交表格6-K，內容有關極氪截至二零二五年第三季度之未經審核財 務業績（「二零二五年第三季度業績」）。詳情請參閱隨附之二零二五年第三季度業績。 本公佈以英文發佈，並備有中文譯本。如中英文版本內容有任何歧義或不一致，概以英 文版本為準。 承董 ...

Core Insights - Geely Automobile Holdings Limited reported strong overall operational performance for the third quarter of 2025, with simultaneous growth in both fuel and new energy vehicle sales, achieving multiple breakthroughs in sales, revenue, and profit [2] Financial Performance - In Q3 2025, Geely's total sales reached 761,000 units, a significant increase of 43% compared to 534,000 units in the same period of 2024 [3] - Revenue for the same period was 89.192 billion yuan, up 27% from 70.486 billion yuan year-on-year [3] - Profit attributable to shareholders was 3.82 billion yuan, a remarkable increase of 59% from 2.398 billion yuan in Q3 2024 [3] - For the first nine months of 2025, total sales reached 2.1702 million units, a 46% increase from 1.4897 million units in the same period of 2024 [3] - Cumulative revenue for the first nine months was 239.477 billion yuan, a 26% increase from 189.534 billion yuan year-on-year [3] - Profit attributable to shareholders for the first nine months was 13.11 billion yuan, slightly down from 13.213 billion yuan in 2024, but a 59% increase when excluding non-recurring factors [3] Business Integration and Growth Drivers - The strong sales growth was driven by the synergistic development of fuel and new energy vehicle businesses, enhancing profitability through scale effects, cost control, and brand integration [4] - The new accounting policy adopted on April 10, 2025, reflects the economic substance of internal restructuring, improving financial report transparency and comparability [4] - The acquisition of Lynk & Co and six target companies has strengthened Geely's direct dealership channels, reducing reliance on third-party dealers and enhancing brand influence [4] New Energy Segment Performance - Zeekr, Geely's core new energy brand, showed impressive performance in Q3 2025, with total deliveries increasing by 13% year-on-year [5] - Revenue for Zeekr reached 81.014 billion yuan, a 9.4% increase from 77.192 billion yuan in the same period of 2024 [5] - Gross margin improved to 19%, up 5.1 percentage points from 13.9% in 2024, indicating enhanced profitability [5] - Net loss for Zeekr significantly narrowed to 523 million yuan, compared to a loss of 2.375 billion yuan in the same period of 2024, reflecting improved business quality [5]

Financial Performance - In Q3 2025, the company reported revenue of 89.2 billion, a quarter-on-quarter increase of 15% and a year-on-year increase of 27% [1] - The core net profit attributable to shareholders for Q3 2025 was 3.96 billion, reflecting a quarter-on-quarter growth of 25% and a year-on-year growth of 19% [1] - For the first nine months of 2025, the cumulative revenue reached 239.5 billion, representing a year-on-year growth of 26% [2] - The core net profit attributable to shareholders for the first nine months of 2025 was 10.62 billion, showing a year-on-year increase of 59% [2] Market Share and Sales - The market share for the first nine months of 2025 was 10.2%, which is a year-on-year increase of 28.1% [2] - In Q3 2025, total sales reached 761,000 units, marking an 8% increase quarter-on-quarter and a 43% increase year-on-year [3] - The sales of new energy vehicles in Q3 2025 were 443,000 units, reflecting a quarter-on-quarter growth of 15% [3] - For the first nine months of 2025, cumulative sales reached 2.7 million units, a year-on-year increase of 46% [5] - Cumulative sales of new energy vehicles for the first nine months of 2025 were 1.168 million units, showing a significant year-on-year growth of 114% [5] Brand Performance - In Q3 2025, the Zeekr brand sold 53,000 units, with a quarter-on-quarter increase of 7% [3] - The Lynk & Co brand achieved sales of 87,000 units in Q3 2025, also reflecting a quarter-on-quarter increase of 7% [3]

Core Insights - The article provides an update on the motorcycle industry data for October 2025, highlighting sales trends and market share changes among key players in the sector [2][4]. Motorcycle Sales Data - In October 2025, sales of motorcycles with displacement over 250cc reached 61,000 units, showing a year-on-year decrease of 0.2% and a month-on-month decline of 29.7%. Cumulative sales from January to October totaled 822,000 units, reflecting a year-on-year increase of 29.7% [2]. - For motorcycles with displacement between 250ml and 400ml, October sales were 36,000 units, down 8.5% year-on-year and 31.5% month-on-month, with cumulative sales of 445,000 units, up 26.7% year-on-year [3]. - Motorcycles with displacement between 400ml and 500ml sold 10,000 units in October, a decrease of 7.2% year-on-year and 33.5% month-on-month, with cumulative sales of 196,000 units, down 2.2% year-on-year [3]. - Sales of motorcycles with displacement between 500ml and 800ml reached 13,000 units in October, an increase of 33.2% year-on-year but a decrease of 24.1% month-on-month, with cumulative sales of 161,000 units, up 128.7% year-on-year [3]. - For motorcycles with displacement over 800cc, October sales were 2,000 units, up 98.1% year-on-year and 12.2% month-on-month, with cumulative sales of 20,000 units, up 70.5% year-on-year [3]. Market Share Analysis - Chuanfeng Power achieved sales of 11,000 units in October for motorcycles over 250cc, a year-on-year increase of 27.8%, capturing a market share of 18.8%, up 4.1 percentage points month-on-month. The cumulative market share for January to October stands at 20.2%, an increase of 0.4 percentage points compared to the full year of 2024 [4]. - Longxin General sold 11,000 units in October, marking a year-on-year increase of 62.7% and a market share of 18.2%, up 7.0 percentage points month-on-month. The cumulative market share for January to October is 14.5%, an increase of 0.2 percentage points compared to the full year of 2024 [4]. - Qianjiang Motorcycle's sales in October were 4,000 units, down 47.9% year-on-year, with a market share of 6.7%, down 6.1 percentage points month-on-month. The cumulative market share for January to October is 12.8%, a decrease of 3.9 percentage points compared to the full year of 2024 [4]. Investment Recommendations - The article suggests focusing on key players in the motorcycle industry, specifically recommending Chuanfeng Power and Longxin General as leading companies in the mid-to-large displacement segment [8].

Core Viewpoint - Geely Automobile reported significant growth in both sales and profits for Q3 2025, with total sales increasing by 43% to 761,000 units and revenue rising by 27% to RMB 89.192 billion, indicating strong performance in both fuel and new energy vehicles [1][3][5]. Financial Performance - In Q3 2025, Geely's revenue reached RMB 89.2 billion, marking a historical high and a 15% increase from the previous quarter [5]. - The net profit attributable to the parent company was RMB 3.8 billion, reflecting a 59% year-on-year increase [5]. - The total gross profit for Q3 was RMB 14.8 billion, with an 11% quarter-on-quarter growth [5]. Sales and Delivery - Zeekr, Geely's premium electric vehicle brand, delivered approximately 140,000 units in Q3 2025, a 13% increase year-on-year, generating revenue of about RMB 31.6 billion [6]. - As of the end of October, Geely has achieved a cumulative sales volume of 2.477 million units for the year, reaching 82.6% of its annual target of 3 million units [1]. Cost Management and Profitability - The company attributed its profit growth to scale effects, cost control, and brand integration synergies, with net profit growth outpacing revenue growth [3]. - Adjusted net profit for the first nine months of the year was RMB 10.62 billion, a 59% increase year-on-year when excluding one-time items from the previous year [3]. Accounting Changes - Geely has changed its accounting policy effective January 1, 2025, from the "purchase method" to the "equity method" for joint control entities, impacting the way acquisitions are recorded and necessitating restatement of prior financial results [8]. - This change aims to enhance financial reporting transparency and align with international practices, affecting the financial data comparison for 2024 [8].

Core Insights - The company reported a record high quarterly revenue of 89.2 billion yuan for Q3 2025, representing a 15% increase quarter-on-quarter and a 27% increase year-on-year [1] - Core net profit attributable to shareholders reached 3.96 billion yuan in Q3, marking a 19% year-on-year growth [1] - For the first three quarters, the cumulative core net profit attributable to shareholders was approximately 10.62 billion yuan, reflecting a 59% year-on-year increase [1] Financial Performance - The total gross profit for Q3 was 14.8 billion yuan, with an 11% increase compared to the previous quarter [1] - The gross profit margin for the first three quarters stood at 16.5% [1] - As of the end of September, the company's net cash level was approximately 45.2 billion yuan [1] Sales Performance - By the end of October, the company had achieved cumulative sales of approximately 2.477 million vehicles, with an annual sales target set at 3 million vehicles, resulting in a completion rate of 82.6% [1]

Core Insights - Geely's financial report for Q3 shows a revenue of 89.2 billion yuan, representing a quarter-on-quarter growth of 15% and a year-on-year growth of 27% [1] - The core net profit reached 3.96 billion yuan, marking a year-on-year increase of 19% [1] Financial Performance - Q3 revenue: 89.2 billion yuan [1] - Quarter-on-quarter growth: 15% [1] - Year-on-year growth: 27% [1] - Core net profit: 3.96 billion yuan [1] - Year-on-year increase in core net profit: 19% [1]

Core Insights - Geely Automobile reported a record high quarterly revenue of 89.19 billion yuan for Q3 2025, representing a year-on-year growth of 27% [1] - The net profit attributable to the parent company reached 3.82 billion yuan, marking a significant increase of 59% year-on-year [1] - The company achieved a sales volume of 761,000 vehicles in Q3, which is a 43% increase compared to the same period last year [1] Sales Performance - As of the end of October, Geely's total sales for the year reached 2.477 million vehicles, achieving 82.6% of its annual sales target of 3 million vehicles [1]

Core Insights - The second-largest electric vehicle maker in China reported an increase in net profit driven by strong sales performance [1] Sales Performance - The company sold 76,100 vehicles in the third quarter, representing a 43% increase compared to the previous year [1]