GEELY AUTO(HK:00175) Feng Huang Wang Cai Jing·2025-05-15 12:21Group 1 - The core viewpoint of the article emphasizes the urgency and necessity of the integration between Geely and Zeekr to enhance operational efficiency and competitiveness in the rapidly changing Chinese automotive market [1][2] - Geely's management highlighted that the integration process is complex and requires compliance with legal and corporate governance, which can lead to inefficiencies and high communication costs [1][2] - The company announced plans to acquire all issued shares of Zeekr, aiming for a complete merger, which reflects its strategy to consolidate resources for better market performance [2] Group 2 - In Q1 2025, Geely reported a revenue of 72.5 billion, representing a 25% year-on-year increase, and a net profit of 5.67 billion, showing a significant growth of 264% [2] - Zeekr Technology achieved total revenue of 22 billion in Q1, with vehicle sales revenue of 19.1 billion, marking a 16.1% year-on-year growth [2] - The gross margin for vehicle sales reached 16.5%, up by 3.4 percentage points year-on-year, while the overall gross margin climbed to 19.1%, setting a new historical high [2]