Guan Cha Zhe Wang·2025-08-14 13:44Core Viewpoint - Geely Automobile reported a record revenue of 150.285 billion yuan for the first half of 2025, a 27% year-on-year increase, driven by significant growth in vehicle sales [1][7]. Financial Performance - Total revenue reached 150.285 billion yuan, marking a historical high [1]. - Vehicle sales amounted to 1.4092 million units, a 47% increase year-on-year, also a record [1]. - Profit attributable to shareholders was 9.29 billion yuan, a 14% decline year-on-year, while core net profit grew by 102% to 6.657 billion yuan [1]. Cash Position - As of June 30, 2025, total cash levels reached 58.8 billion yuan, an increase of 12.2 billion yuan from the end of the previous year [2]. Market Performance - Geely's market share in the domestic market reached 10.4%, ranking second in China, with a gap of 4.37 percentage points from the first place [7]. - New energy vehicle sales reached 725,200 units, a 126% increase, accounting for 51.5% of total sales [7]. Brand and Export Challenges - The company acknowledged shortcomings in brand building and user experience, emphasizing the importance of consumer trust [4][5]. - Export sales declined by 8% to 184,100 units, with a significant drop in the Eastern European market [5][14]. Product Development and R&D - R&D investment for the first half of 2025 was 7.328 billion yuan, a 21% increase, focusing on new energy and intelligent technology [13]. - New models launched include the Geely Galaxy Star 8 and the Zeekr 007GT, with plans for more releases in the second half [18][19]. Strategic Outlook - Geely aims to increase its full-year sales target by approximately 11%, from 2.71 million to 3 million units [21]. - The company is focused on enhancing its global presence and localizing production capabilities [19].