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]

截至10月底，吉利汽车已实现年内销量247.7万辆，全年销量目标300万辆，完成率达82.6%。第四季 度，吉利汽车推出包括吉利银河星耀6在内的多款新车型和改款车型，推动全年销量目标顺利达成。 11月17日，吉利汽车(00175)发布2025年第三季度财报。第三季度，公司实现营业收入892亿元，环比增 长15%，同比增长27%，单季收入创历史新高。核心归母净利润第三季度39.6亿元，同比增长19%，前 三季度累计106.2亿元，同比增长59%。盈利能力保持稳健，2025年第三季度毛利总额达148亿元，环比 增长11%。前三季度毛利率达16.5%。利润增长为公司带来了充裕的现金储备，9月末净现金水平达452 亿元，现金储备充裕。 ...

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]

一、主要財務數據和指標 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。 吉利汽車控股有限公司 GEELY AUTOMOBILE HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 股份代號：175（港幣櫃台）及80175（人民幣櫃台） 截至二零二五年九月三十日止九個月之 第三季度業績公佈 吉利汽車控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司（「本 集團」）截至二零二五年九月三十日止九個月之未經審核簡明綜合業績，連同二零二四年 同期的相關未經審核之比較數字（經重列）。本季度業績公佈已獲董事會全體成員批准， 並經本公司審核委員會（僅由獨立非執行董事組成，其中一名出任委員會主席）審閱。 單位：人民幣（「人民幣」）百萬元 | | 截至九月三十日止三個月 | | | 截至九月三十日止九個月 | | | | --- | --- | --- | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 ...

Core Viewpoint - Geely Automobile's October 2025 sales reached 307,000 units, marking a year-on-year increase of 35.5% and a month-on-month increase of 12.5%, with cumulative sales for January to October 2025 at 2.477 million units, up 44.3% year-on-year [1] Group 1: Sales Performance - October sales exceeded 300,000 units, with total and new energy vehicle sales hitting historical highs, allowing Geely to achieve its annual sales target of one million units ahead of schedule [1] - Breakdown of October sales by brand shows Geely brand at 245,000 units, Lynk & Co at 40,000 units, and Zeekr at 21,000 units, with year-on-year changes of +43.9%, +60.5%, and -31.1% respectively [1] - New energy vehicle sales in October reached 178,000 units, representing a year-on-year increase of 63.6% and accounting for 57.9% of total sales, up 10.0 percentage points year-on-year [1] Group 2: Product Strategy - In 2025, Geely plans to launch 10 new energy models, including 5 new models and several updated versions under the Geely brand, with significant releases scheduled throughout the year [2] - The company is focusing on smart technology, with new models expected to feature advanced driving assistance systems and the latest Nvidia Thor chip in flagship models [2] Group 3: Future Outlook - The GEA architecture supports a new product cycle, with positive trends across all brands, indicating a successful transition to new energy and potential for profit growth [3] - The company anticipates a net profit of 16.1 billion yuan for 2025, with a price-to-earnings ratio of 10.6X, maintaining a "buy" rating [3]

Investment Rating - The investment rating for Geely Automobile is "Buy" and is maintained [6]. Core Insights - Geely Automobile reported a total sales volume of 307,000 units in October 2025, representing a year-on-year increase of 35.5% and a month-on-month increase of 12.5% [2][4]. - Cumulative sales from January to October 2025 reached 2.477 million units, up 44.3% year-on-year [2][4]. - The company is expected to enter a new product era supported by the GEA architecture, with positive developments across its brands including Zeekr, Lynk & Co, and Galaxy [7]. - The transition to new energy vehicles is progressing smoothly, with scale effects expected to enhance profitability [7]. - Geely's strong foundation in fuel vehicles and innovative overseas expansion strategies are opening new markets [7]. - The company is set to launch 10 new energy models in 2025, with significant advancements in smart driving capabilities [7]. Summary by Sections Sales Performance - October 2025 sales reached 307,000 units, with Geely brand, Lynk & Co, and Zeekr sales at 245,000, 40,000, and 21,000 units respectively [7]. - Galaxy brand achieved 127,000 units in October, marking a 100.8% increase year-on-year [7]. - Exports in October totaled 42,000 units, up 22.6% year-on-year [7]. - New energy vehicle sales in October were 178,000 units, accounting for 57.9% of total sales, a year-on-year increase of 63.6% [7]. Product Strategy - Geely plans to launch 10 new energy models in 2025, including five new models and several facelifts [7]. - The company is enhancing its smart driving capabilities, with new models expected to feature advanced driving technologies [7]. Financial Outlook - The projected net profit for 2025 is 16.1 billion yuan, with a corresponding price-to-earnings ratio of 10.6X [7].

Core Viewpoint - The company reported strong sales performance in October, with total wholesale sales reaching 307,000 units, a year-on-year increase of 35.5% and a month-on-month increase of 12.5% [1] Group 1: Sales Performance - In October, total wholesale sales were 307,000 units, up 35.5% year-on-year and 12.5% month-on-month; cumulative sales from January to October reached 2.477 million units, up 44.3% year-on-year [1] - New energy vehicle (NEV) sales in October were 177,882 units, representing a year-on-year increase of 63.6% and a month-on-month increase of 7.7%, accounting for 57.9% of total sales; cumulative NEV sales from January to October reached 1.346 million units, up 105.6% year-on-year [1] - The company aims for an annual sales target of 3 million units [1] Group 2: Brand Performance - By brand, Geely sold 245,000 units in October, with Galaxy contributing 127,000 units; Zeekr sold 21,423 units; Lynk & Co sold 40,213 units [1][2] - Zeekr's cumulative sales from January to October were 165,000 units, down 1.7% year-on-year, while Lynk & Co's cumulative sales were 282,000 units, up 24.3% year-on-year [2] Group 3: New Product Launches - The Zeekr 9X, a new high-end SUV, was launched on September 29, with a limited-time replacement subsidy price of 455,900 to 589,900 yuan; it features advanced technology including dual Thor-U chips for L3 level autonomous driving capabilities [2] - The Galaxy Star耀6, a new electric hybrid sedan, was launched on October 30, with a price range of 68,800 to 99,800 yuan, equipped with the new generation Raytheon AI hybrid system [1] Group 4: Share Buyback Plan - On October 6, the company announced a share buyback plan with a maximum amount of 2.3 billion Hong Kong dollars, aimed at optimizing capital structure and enhancing earnings per share [3] - The buyback will be funded from the company's existing capital and cash reserves, reflecting confidence in long-term development prospects [3] Group 5: Financial Projections - Revenue projections for the company from 2025 to 2027 are 404.78 billion, 489.69 billion, and 572.83 billion yuan, with net profits of 16.21 billion, 22.09 billion, and 25.97 billion yuan respectively [3]