Jin Rong Jie·2025-08-15 05:17Core Viewpoint - Geely Automobile reported a strong performance in the first half of 2025, with revenue reaching 150.28 billion RMB, a 27% year-on-year increase, despite a 14% decline in net profit to 9.29 billion RMB. The company aims to achieve annual sales of 5 million vehicles through strategic integration and resource consolidation [1][4]. Financial Performance - Revenue for the first half of 2025 was 150.28 billion RMB, up 27% year-on-year [1]. - Net profit was 9.29 billion RMB, down 14% compared to the previous year [1]. - Vehicle sales reached 1.409 million units, a 47% increase year-on-year [1]. - In 2024, Geely's total revenue was 240.19 billion RMB, with a net profit of 16.63 billion RMB, marking a 213.32% increase year-on-year [3]. Sales and Market Position - Geely's overall sales exceeded 1.409 million units in the first half of 2025, with new energy vehicle sales reaching 725,200 units, a 126% increase, accounting for 51.5% of total sales [4]. - In the Chinese market, Geely sold 1.2251 million units, a 62% increase, capturing an 11.2% market share [4]. - The Geely brand sold 1.1643 million units, a 57% increase, while the Galaxy series achieved sales of 548,400 units, a 232% increase [4]. Strategic Integration and Future Goals - Geely is undergoing significant strategic integration, including the merger of Lynk & Co into Zeekr and the consolidation of R&D resources, with nearly 3,000 personnel from various teams being integrated into a new entity [1][9]. - The company has raised its sales target for 2025 from 2.71 million to 3 million units, reflecting confidence in its market performance [8]. - Geely aims to achieve annual sales of 5 million vehicles by 2027, narrowing the gap with BYD, which currently leads in the market [10].