Di Yi Cai Jing·2025-08-16 02:59Core Insights - Geely Automobile reported a record revenue of 150.3 billion yuan for the first half of 2025, marking a significant year-on-year increase of 27% [1] - The company's net profit attributable to shareholders reached 9.29 billion yuan, with core net profit growing by 102% to 6.66 billion yuan after excluding non-core losses [1] Financial Performance - Total revenue for the first half of 2025 was 150.3 billion yuan, a historical high [1] - Net profit attributable to shareholders was 9.29 billion yuan, with core net profit at 6.66 billion yuan, reflecting a 102% increase year-on-year [1] - Gross profit margin improved to 16.4%, with total gross profit rising to 24.7 billion yuan [11] Sales and Market Position - Geely's total sales reached nearly 1.41 million units in the first half of 2025, a 47% increase year-on-year, with a market share exceeding 10% for the first time [5] - The company raised its annual sales target from 2.71 million to 3 million units, an increase of approximately 11% [5] - Cumulative sales of new energy vehicles reached 725,000 units, a 126% increase year-on-year [5] Strategic Integration - The term "integration" encapsulates Geely's strategy for the first half of 2025, highlighting the successful merger of Zeekr and Lynk & Co, which resulted in a 14.5% increase in combined sales to 245,000 units [6][7] - The strategic integration has led to significant operational efficiencies, with a decrease in R&D expense ratio by 5.8 percentage points to 7.8% and a reduction in selling and administrative expense ratio by 1.2 percentage points to 12.3% [7][11] Future Outlook - Geely plans to further enhance its competitive edge in the smart new energy sector through the formal merger with Zeekr, expected to be completed within the year [12] - The company aims to cover all powertrain forms, including fuel, pure electric, hybrid, and alcohol-hydrogen, while expanding its presence in mainstream, mid-to-high-end, and luxury markets [12] - The launch of new models is set to support the achievement of the 3 million sales target, with multiple new energy products scheduled for release in the second half of 2025 [18]