

Core Insights - Geely Automobile reported a strong sales growth in the first half of the year, with a significant increase in core net profit attributable to shareholders, which rose by 102% year-on-year to 6.66 billion yuan [1] - The company achieved a rapid increase in core net profit margin, driven by improved profitability per vehicle [1] - The launch of the Galaxy E5 in August 2024 has positively impacted the performance of the Galaxy brand, marking the beginning of a comprehensive profitability cycle for new energy vehicles [1] Financial Performance - Core net profit attributable to shareholders reached 6.66 billion yuan, reflecting a year-on-year growth of 102% [1] - The core net profit per vehicle increased by 37% year-on-year, while the core net profit margin saw a rise of 57% [1] - The company experienced a significant reduction in expense ratio, contributing to the overall improvement in profitability [1]