Huan Qiu Wang·2025-08-14 09:41Core Insights - Geely Automobile reported a revenue of 150.3 billion RMB for the first half of 2025, a year-on-year increase of 27%, while net profit attributable to shareholders decreased by 14% to 9.29 billion RMB [1] - The company has transitioned to a leading position in the new energy vehicle market, with over 51.5% of total sales coming from new energy vehicles [2] - Despite revenue growth, the company faces challenges with declining profit margins due to increased R&D costs and marketing investments [3] Revenue and Profit - Geely's total revenue for the first half of 2025 reached 150.3 billion RMB, reflecting a 27% year-on-year growth [1] - The net profit attributable to shareholders was 9.29 billion RMB, showing a 14% decline compared to the previous year [1] - Gross profit amounted to 24.7 billion RMB, with a gross margin of 16.4% [1] Sales Performance - Total sales volume for Geely in the first half of 2025 was 1.409 million units, marking a 47% increase year-on-year, with market share surpassing 10% for the first time [2] - New energy vehicle sales reached 725,000 units, a significant 126% increase, leading to a new energy penetration rate of 51.5% [2] - The Galaxy series, now an independent brand, sold 548,000 units, up 232% year-on-year, while the high-end electric brand Zeekr delivered 90,740 units [2] Strategic Initiatives - Geely plans to increase its full-year sales target from 2.71 million to 3 million units, an approximate 11% increase, having already achieved 47% of this new target [3] - The company intends to launch five new hybrid models, including Zeekr 9X and Lynk & Co 10 EM-P [3] - Geely announced a merger agreement with Zeekr Technology to privatize Zeekr and delist from the New York Stock Exchange, aiming to enhance resource integration and collaboration [3]