一日双响很“吉利”：一季度财报亮眼发布，管理层迎来重大调整

Core Insights - Geely Automobile Holdings Limited reported a strong Q1 2025 financial performance, with revenue of 72.5 billion yuan (up 25% year-on-year) and a net profit of 5.67 billion yuan (up 264% year-on-year), indicating significant growth driven by the surge in new energy vehicles, breakthroughs in intelligent technology, and accelerated globalization [1][13] Financial Performance - Revenue for Q1 2025 reached 72.5 billion yuan, representing a 25% increase compared to the previous year [1] - Net profit surged to 5.67 billion yuan, marking a 264% year-on-year increase [1] - Gross margin improved to 15.8%, positioning the company among the top tier of domestic brands in terms of profitability [1] Strategic Developments - Geely announced plans to acquire Zeekr Intelligent Technology Co., aiming for a complete merger, which will enhance supply chain, research, and channel resources [5][13] - Key management changes include Li Donghui becoming Vice Chairman and An Conghui as CEO of Geely Holding Group post-merger, while Guo Shengyue remains CEO of Geely Automobile Holdings [5] New Energy and Technology - In Q1 2025, Geely's new energy vehicle sales reached 339,000 units, with a domestic penetration rate of 52.2%, maintaining a leading position in the industry [6] - The company has entered a "technology harvest period" in the intelligent sector, with its unified intelligent safety driving system being implemented across various models [6] Global Expansion - Geely's global strategy showed significant results, with Q1 exports reaching 89,900 units, and the launch of Lynk & Co 08 EM-P in Europe as a benchmark for plug-in hybrid range [10] - Zeekr has entered over 40 countries with nearly 500,000 users, while Lynk & Co operates in 39 countries with 108 stores, enhancing brand international influence [10] ESG Initiatives - Geely has reduced lifecycle carbon emissions per vehicle by 18% compared to 2020, with 12 green factories and 11 zero-waste factories, achieving an MSCI ESG rating of AA [11] Future Outlook - The financial report signals Geely's strategic intent to fully merge with Zeekr, aiming to leverage dual-brand synergies and enhance new energy penetration, profitability, and global market share [13] - The company is set to launch multiple new models across its brands in the second half of the year, further integrating intelligent technology and expanding into overseas markets [13]