2024-11-14 04:00Sales Performance - Geely Automobile Holdings reported a 32% year-on-year increase in vehicle sales, reaching 148.97 million units for the nine months ended September 30, 2024[1]. - ZEEKR Intelligent Technology, a subsidiary of Geely, achieved a total delivery of approximately 143,000 vehicles, marking an 81% year-on-year growth for the first three quarters of 2024[8]. Revenue and Profit - Revenue for the nine months ended September 30, 2024, was RMB 167.684 billion, a 36% increase compared to RMB 123.289 billion in the same period last year[1]. - Profit attributable to equity holders of the company surged 358% year-on-year to RMB 13.053 billion for the nine months ended September 30, 2024[1]. - ZEEKR's revenue for the same period reached RMB 53.1 billion, a 51% increase year-on-year, with a gross profit of RMB 8 billion, up 69%[8]. - Total revenue for the period reached RMB 53,079 million, a significant increase from RMB 35,203 million in the previous year[9]. Financial Position - Total assets as of September 30, 2024, amounted to RMB 215.694 billion, reflecting a 12% increase from RMB 192.598 billion as of December 31, 2023[2]. - Equity attributable to equity holders of the company increased by 14% to RMB 92.084 billion as of September 30, 2024, compared to RMB 80.509 billion at the end of 2023[2]. - The net asset value rose to RMB 11,062 million, up from RMB 7,643 million year-over-year[9]. - Current assets increased to RMB 25,393 million, compared to RMB 20,442 million as of December 31, 2023[9]. Liabilities and Non-controlling Interests - Non-controlling interests increased to 46.37% as of September 30, 2024, compared to 45.27% as of December 31, 2023[9]. - Non-current liabilities decreased to RMB (2,628) million from RMB (3,502) million[9]. - Current liabilities rose to RMB (38,907) million from RMB (31,843) million[9]. - The book value of non-controlling interests increased to RMB 6,059 million as of September 30, 2024, from RMB 4,094 million in the previous year[9]. Strategic Initiatives - The company continues to optimize its product structure and launch new products, contributing to the strong sales growth[3]. - The company aims to enhance market expansion and product development strategies moving forward[10]. - The board of directors remains committed to driving growth and innovation in the automotive sector[10].