Core Insights - Geely Automobile Holdings Limited reported strong growth in Q3 2025, with revenue reaching 89.192 billion yuan, a 27% year-on-year increase, and net profit attributable to shareholders soaring 59% to 3.820 billion yuan [1][2] Financial Performance - Q3 revenue of Geely Automobile was 89.192 billion yuan, up 27% year-on-year, while cumulative revenue for the first nine months reached 239.477 billion yuan, a 26% increase [2] - Net profit for Q3 was 3.820 billion yuan, compared to 2.398 billion yuan in the same period last year, reflecting a 59% growth [2] - The company achieved significant improvements in profitability through scale effects, cost control, and brand integration, maintaining stable gross margins while effectively controlling operating expenses [2] Sales and Production - Geely's Q3 sales reached 761,000 units, a 43% increase from 534,000 units in the same period last year, leading the industry in growth [1] - Cumulative sales for the year reached 2.1702 million units, a 46% year-on-year increase, moving closer to the annual sales target [1] Cash Flow and Assets - As of September 30, 2025, Geely's total assets amounted to 274.436 billion yuan, a 1% increase from the beginning of the year, while equity attributable to shareholders rose 8% to 93.516 billion yuan [2] - The company's cash and bank balances increased to 56.224 billion yuan from 43.057 billion yuan at the start of the year, providing a solid financial foundation for future growth [3] Product and Market Strategy - Geely's high-end brand Zeekr delivered approximately 140,000 units in Q3, a 13% increase year-on-year, with revenue of about 31.6 billion yuan, up 9.4% [4] - Zeekr's gross profit reached 6 billion yuan, a 50% increase year-on-year, with a gross margin of 19.0%, up 5.1 percentage points from the previous year [4] - The company continues to optimize its product lineup, covering various market segments from economy to luxury vehicles, and is committed to technological innovation in key areas such as battery and electric motor technology [4] International Expansion - Geely's international strategy has shown positive results, establishing a global production and sales network through overseas factories, mergers, and strategic partnerships [5] - The CEO highlighted that profit margins in overseas markets are generally 5% to 10% higher than in the domestic market, making it a key focus for future growth [5] Future Outlook - Geely plans to launch nearly 10 new products next year, aiming for higher quality development amid increasing market competition [6] - The company is committed to enhancing its core technological capabilities and expanding its international presence while consolidating its domestic market advantages [5][6]

Major Events - Shandong Xinhua Pharmaceutical Co., Ltd. received the approval notice for the listing application of fumaric acid vonoprazan chemical raw materials [1] - HeYue Pharmaceutical showcased long-term efficacy and safety data from the clinical III MANEUVER study of pitmiprazole at the CTOS 2025 conference [1] - China Software International partnered with Deep Open Hong and Yiswei Computing to build a new ecosystem for "open-source HarmonyOS + RISC-V" digital infrastructure [1] - China General Nuclear Power Corporation's Zhaoyuan Unit 1 is set to begin full construction [1] - Hengrui Medicine's fumaric acid teglutide injection received approval for clinical trials [1] - China National Nuclear Corporation signed an intention procurement agreement for cobalt-60 irradiation sources with the Brazilian National Nuclear Energy Commission [1] Operating Performance - China Railway Construction Corporation recently won several major projects with a total investment of 49.629 billion yuan [1] - Geely Automobile reported a net profit of 3.82 billion yuan for the third quarter, a year-on-year increase of 59% [1] - China Resources Power's subsidiary power plants achieved a cumulative electricity sales volume of 185 million megawatt-hours in the first ten months, a year-on-year increase of 6.5% [1] - Leap Motor reported a net profit of 150 million yuan for the third quarter, maintaining the top sales position among new force brands in China for eight consecutive months [1] - Huazhu Group's net profit attributable to shareholders for the third quarter was 1.5 billion yuan, a year-on-year growth of 15.4% [1] - Air China saw a year-on-year increase of 8.7% in passenger turnover in October [1] - China Eastern Airlines reported a year-on-year increase of 10.58% in passenger turnover in October [1]

Core Viewpoint - Geely Automobile expects that the reduction in the new energy vehicle purchase tax next year will benefit the sales of its fuel vehicles [1][7] Financial Performance - In Q3, Geely's revenue reached 89.192 billion yuan, a 27% year-on-year increase, marking a record high for a single quarter [1][3] - The net profit attributable to shareholders was 3.82 billion yuan, up 59% year-on-year [1][3] - For the first three quarters, total revenue was 239.477 billion yuan, a 26% increase year-on-year, while net profit decreased by 1% to 13.11 billion yuan [3][4] Sales Performance - Q3 sales volume was 761,000 vehicles, a 43% increase year-on-year, while the total sales volume for the first three quarters reached 2.1702 million vehicles, up 46% year-on-year [4][5] - Geely's market share reached 10.2% in the first three quarters, an increase of 28.1% year-on-year [4] Strategic Initiatives - Geely has achieved a sales volume of 2.477 million vehicles by the end of October 2025, with a target of 3 million vehicles for the year, achieving 82.6% of its goal [5] - The merger with Zeekr is progressing without legal obstacles, with expectations for completion by the end of the year [6][7] Market Outlook - Starting next year, the new energy vehicle purchase tax will be halved, which is expected to positively impact Geely's fuel vehicle sales [7] - Geely's management believes that the gradual reduction of subsidies is beneficial for the industry and the company, as 40%-45% of its overall sales are still fuel vehicles [7] - Geely plans to launch new products throughout the year, which is anticipated to further stimulate demand [7] International Expansion - Geely is actively expanding into overseas markets, with nearly 300,000 vehicles sold abroad in the first three quarters, and a 214% year-on-year increase in exports of new energy vehicles [7][8] - The profit margins in overseas markets are higher than those in the domestic market, contributing positively to Geely's overall performance [8] - Geely aims to exceed 1 million in export sales by 2027 [8]

Core Viewpoint - Geely Automobile reported a net profit of 3.82 billion RMB in the third quarter, representing a year-on-year increase of 59% [1] Financial Performance - The net profit for the third quarter reached 3.82 billion RMB [1] - This figure indicates a significant growth of 59% compared to the same period last year [1]

Core Insights - Geely Automobile reported a net profit attributable to shareholders of RMB 3.8 billion for the third quarter of 2025, representing a year-on-year increase of 59% [1] - For the first three quarters of 2025, the net profit attributable to shareholders reached RMB 10.62 billion, also reflecting a year-on-year growth of 59% [1]

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].