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 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 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 Viewpoint - Geely Automobile reported strong financial performance for Q3 2025, achieving record revenue and profit growth, indicating robust operational health and effective market strategies [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 89.2 billion yuan, a 15% increase quarter-on-quarter and a 27% increase year-on-year, marking a historical high for single-quarter revenue [1] - The core net profit attributable to shareholders for Q3 was 3.96 billion yuan, representing a 19% year-on-year growth, while the cumulative net profit for the first three quarters reached 10.62 billion yuan, up 59% year-on-year [1] - The total gross profit for Q3 was 14.8 billion yuan, with an 11% quarter-on-quarter increase, and the gross profit margin for the first three quarters stood at 16.5% [1] - As of the end of September, the company had a net cash level of 45.2 billion yuan, indicating strong cash reserves [1] Sales Performance - By the end of October, Geely Automobile had achieved a cumulative sales volume of 2.477 million vehicles for the year, reaching 82.6% of its annual sales target of 3 million vehicles [1] - In Q4, the company plans to launch several new and updated models, including the Geely Galaxy Star 6, to support the achievement of its annual sales target [1]

Core Viewpoint - Geely Automobile reported strong financial performance for Q3 2025, achieving record revenue and profit growth, indicating robust operational health and a solid cash position [1] Financial Performance - The company achieved a revenue of 89.2 billion yuan in Q3, representing a 15% increase quarter-on-quarter and a 27% increase year-on-year, marking a historical high for single-quarter revenue [1] - Core net profit for Q3 reached 3.96 billion yuan, a 19% year-on-year increase, while cumulative net profit for the first three quarters was 10.62 billion yuan, up 59% year-on-year [1] - Gross profit for Q3 totaled 14.8 billion yuan, with an 11% quarter-on-quarter increase, and the gross margin for the first three quarters stood at 16.5% [1] Cash Position - The company reported a net cash level of 45.2 billion yuan as of the end of September, indicating a strong cash reserve [1] Sales Performance - As of the end of October, Geely Automobile achieved a total sales volume of 2.477 million vehicles for the year, reaching 82.6% of its annual sales target of 3 million vehicles [1] - The company plans to launch several new and updated models in Q4, including the Geely Galaxy Star 6, to support the achievement of its annual sales target [1]

Core Insights - Geely Automobile reported a revenue of RMB 89.192 billion for the nine months ending September 30, 2025, representing a year-on-year increase of 27% [1] - The net profit attributable to shareholders reached RMB 3.82 billion, a 59% increase compared to the previous year [1] - Total vehicle sales amounted to 761,000 units, reflecting a 43% year-on-year growth [1] Financial Performance - The company maintained strong growth in Q3 2025, with both fuel and new energy vehicle sales contributing to a total sales increase of 43% [1] - Revenue for Q3 2025 grew by 27% year-on-year, driven by scale effects, cost control, and brand integration synergies [1] - The net profit attributable to shareholders for the nine months ending September 30, 2025, was RMB 10.62 billion, a 59% increase from RMB 6.68 billion for the same period in 2024 [1]

Core Insights - Geely Automobile Holdings Limited (0175.HK) reported a record high revenue of 89.2 billion yuan for Q3 2025, reflecting a 15% quarter-on-quarter increase and a 27% year-on-year increase [1] - The core net profit attributable to shareholders for Q3 reached 3.96 billion yuan, marking a 19% year-on-year growth, with a cumulative profit of 10.62 billion yuan for the first three quarters, up 59% year-on-year [1] - The company maintained robust profitability with a total gross profit of 14.8 billion yuan in Q3, a quarter-on-quarter increase of 11%, and a gross margin of 16.5% for the first three quarters [1] Financial Performance - The net cash level as of the end of September reached 45.2 billion yuan, indicating strong cash reserves [1] - Year-to-date sales reached 2.477 million units by the end of October, achieving 82.6% of the annual sales target of 3 million units [1] Future Outlook - In Q4, the company plans to launch several new and updated models, including the Geely Galaxy Star 6, to support the achievement of the annual sales target [1]

Core Viewpoint - Geely Automobile (00175.HK) reported strong growth in Q3 2025, with simultaneous increases in sales of both fuel and new energy vehicles, leading to a total sales growth of 43% year-on-year and a revenue increase of 27% [1] Financial Performance - The net profit attributable to shareholders for Q3 2025 reached RMB 3.8 billion, representing a 59% year-on-year increase [1] - For the nine months ending September 30, 2025, the net profit attributable to shareholders was RMB 10.62 billion, a 59% increase compared to RMB 6.68 billion for the same period in 2024 [1] Subsidiary Performance - Zeekr, a subsidiary of the group, showed excellent performance in Q3, with total deliveries of approximately 140,000 vehicles, a 13% increase year-on-year [1] - Revenue for Zeekr in the same quarter was approximately RMB 31.6 billion, a 9.4% increase year-on-year, with a gross profit of RMB 6 billion, up 50% year-on-year [1] - The gross margin for Zeekr reached 19.0%, an increase of 5.1 percentage points from 13.9% in Q3 2024 [1]

Sales Performance - In Q3 2025, Geely Automobile Holdings reported a total sales volume of 76.10 million vehicles, a 43% increase compared to 53.40 million vehicles in Q3 2024[6]. - For the nine months ending September 30, 2025, total revenue was RMB 239,477 million, up 26% from RMB 189,534 million in the same period of 2024[9]. - In Q3 2025, total deliveries reached approximately 140,000 vehicles, a 13% increase year-over-year[35]. Financial Performance - Revenue for Q3 2025 reached RMB 89,192 million, reflecting a 27% growth from RMB 70,486 million in Q3 2024[6]. - Profit attributable to equity holders of the parent company for Q3 2025 was RMB 3,820 million, a 59% increase from RMB 2,398 million in Q3 2024[6]. - The company reported a net profit of RMB 12,575 million for the period, with a profit attributable to the parent company of RMB 13,213 million[26]. - The net profit attributable to equity holders for the nine months was RMB 106.2 billion, a 59% increase from RMB 66.8 billion in the previous year[7]. - Revenue for the period was approximately RMB 31.6 billion, up 9.4% compared to the same period last year (restated)[35]. - Gross profit amounted to RMB 6 billion, representing a 50% increase year-over-year, with a gross margin of 19.0%, up 5.1 percentage points from 13.9% in Q3 2024 (restated)[35]. - The loss for the period was RMB 523 million, a significant improvement from a loss of RMB 2.375 billion in the same period last year[37]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to RMB 274,436 million, a slight increase of 1% from RMB 271,074 million at the end of 2024[6]. - Non-current assets increased to RMB 118,946 million, primarily driven by property, plant, and equipment valued at RMB 34,851 million and intangible assets at RMB 35,626 million[28]. - Current assets totaled RMB 151,854 million, with inventories at RMB 29,359 million and trade receivables at RMB 19,184 million[28]. - Total liabilities reached RMB 162,919 million, with current liabilities accounting for RMB 127,200 million, including trade payables of RMB 86,273 million[29]. - Current liabilities decreased to RMB 70.731 billion as of September 30, 2025, from RMB 75.715 billion as of December 31, 2024[37]. Equity and Investments - The equity attributable to equity holders of the parent company increased by 8% to RMB 93,516 million from RMB 86,538 million at the end of 2024[6]. - The company's equity attributable to shareholders was RMB 86,538 million, with total equity amounting to RMB 93,991 million[29]. - Non-controlling interest percentage increased to 34.85% as of September 30, 2025, compared to 34.34% as of December 31, 2024[37]. Research and Development - Research and development expenses for Q3 2025 were RMB 11,717 million, compared to RMB 9,275 million in Q3 2024[9]. - Research and development expenses for the period were RMB 9,275 million, reflecting the company's commitment to innovation[26]. Acquisitions and Restructuring - The acquisition of Lynk & Co was completed in November 2024, with Zhejiang Geely transferring 20% and Volvo Investment transferring 30% of their shares for a total consideration of RMB 9,104,721,000, including cash of RMB 9,000,000,000[19]. - The company acquired 70% equity in six target companies for a total cash consideration of approximately RMB 29,239,000, completed in the first half of 2025[21]. - The restructuring aims to enhance cash flow stability, maintain good relationships with financial institutions, and improve liquidity through specific plans[14]. - The company plans to complete the acquisition of Lynk and the target company by December 31, 2024, which is expected to impact the financial position significantly[27]. Accounting Changes - The company approved a change in accounting policy regarding business combinations under common control, effective from January 1, 2025, to reflect the nature of internal restructuring[14]. - The accounting change will eliminate goodwill and reclassify investments in joint ventures as non-wholly owned subsidiaries, simplifying financial disclosures[18]. - The accounting policy change aligns with international practices, ensuring consistency and comparability with other entities[18]. Strategic Focus - The company aims to establish direct dealership channels for Geely brand vehicles, reducing reliance on existing dealership networks[22]. - The company is focused on enhancing brand visibility and deepening customer relationships in a competitive environment[22]. - The company has identified new strategies for market expansion and product development, although specific details were not disclosed in the call[26].