GEELY AUTO(HK:00175) Zhong Guo Jing Ji Wang·2025-08-14 07:26Core Viewpoint - Geely Automobile Holdings Limited reported a significant increase in revenue and profit for the first half of 2023, driven by its "One Geely" strategy and the deep integration of internal resources, leading to an upward revision of its annual sales target from 2.71 million to 3 million units [1] Financial Performance - In the first half of 2023, Geely achieved revenue of 150.3 billion yuan, a year-on-year increase of 27% [1] - The net profit attributable to shareholders reached 9.29 billion yuan, with core net profit at 6.66 billion yuan, reflecting a 102% year-on-year growth [1] - Gross profit increased to 24.7 billion yuan, with a gross margin of 16.4% [1] - Total cash level rose to 58.8 billion yuan [1] Sales and Market Performance - Geely's total sales reached 1.409 million units in the first half, a 47% year-on-year increase, with a market share surpassing 10% for the first time [1] - New energy vehicle (NEV) sales amounted to 725,000 units, marking a 126% increase [2] - Export sales exceeded 180,000 units, demonstrating stable performance [1] New Energy and High-End Market Growth - Geely's NEV segment has become a key growth driver, with a penetration rate of 51.5% across its three major brands [2] - The Galaxy series, now an independent brand, saw sales of 548,000 units, a 232% increase [2] - The high-end luxury brands, Zeekr and Lynk & Co, have shown strong performance, with Zeekr achieving sales of 90,740 units and Lynk & Co selling 154,137 units in the first half [2] International Expansion - Geely's global footprint is expanding, with export sales exceeding 180,000 units and a presence in 85 countries [3] - The Galaxy E5 international version has launched in 26 countries, becoming a global star product [3] - Zeekr and Lynk & Co have established a significant international presence, with Zeekr leading luxury car sales in Hong Kong and Lynk & Co entering new markets [3] Sustainability Efforts - Geely has reduced the carbon emissions per vehicle by 23.5% compared to 2020, progressing towards a 25% reduction target by the end of 2025 [3] Future Outlook - Geely plans to launch five new NEV products in the second half of 2023, aiming to enhance its global competitiveness in the smart NEV sector [4]