半年营收首破1500亿元 “一个吉利”初显成效

Core Viewpoint - Geely Automobile Holdings Limited reported a revenue of 150.3 billion yuan for the first half of the year, marking a 27% year-on-year increase, with sales reaching 1.409 million units, a 47% increase, and market share surpassing 10% for the first time [1] Group 1: Financial Performance - The company's net profit attributable to shareholders decreased by 14% year-on-year, but the core net profit, excluding foreign exchange losses and other non-core items, reached 6.66 billion yuan, a 102% increase [1] - Geely's gross margin stood at 16.4% for the first half of the year [1] Group 2: Strategic Transformation - Geely announced a strategic transformation phase with the "Taizhou Declaration" in September 2024, leading to adjustments in its brands such as Galaxy, Zeekr, and Lynk & Co [1] - The integration of the Geometry brand into Galaxy was completed in October, positioning it as a smart premium small car series [1] Group 3: Cost Reduction and Efficiency - The integration of Zeekr and Lynk & Co has resulted in significant cost savings, with R&D expenses expected to decrease by 10%-20%, and the R&D expense ratio dropping from 11% to 6% [2] - BOM (Bill of Materials) costs are projected to save 5%-8%, and production costs are expected to decrease by 3%-5% [2] - Management expenses are anticipated to reduce by 10%-20%, with sales and management expense ratios expected to drop from 11% to 8% [2] Group 4: Market Performance - Geely's new energy vehicle sales reached 725,000 units, a 126% year-on-year increase, with a penetration rate of 51.5% [2] - The newly independent Galaxy brand achieved sales of 548,000 units, marking a 232% increase [2] Group 5: Future Outlook - Geely has raised its annual sales target from 2.71 million to 3 million units, planning to launch five new energy products in the second half of the year to meet this goal [3]