Core Insights - In the first half of 2025, Geely Auto reported a record total revenue of 150.3 billion, a significant year-on-year increase of 27% [1] - The company's core net profit reached 6.66 billion, marking a remarkable growth of 102% compared to the previous year [1] - Geely's new energy vehicle penetration rate reached 51.5%, indicating that one in every two cars sold is a new energy vehicle [2] Financial Performance - Geely Auto's total revenue for the first half of 2025 was 150.3 billion, with a gross profit of 24.7 billion and a gross margin of 16.4% [1] - The company achieved a net profit attributable to shareholders of 9.29 billion, with core net profit at 6.66 billion, reflecting a 102% increase year-on-year [1][2] - The sales volume reached 1.4092 million units, a 47% increase year-on-year, with new energy vehicle sales at 725,200 units, up 126% [2] Product and Market Development - Geely's four major brands—Geely, Galaxy, Lynk & Co, and Zeekr—have launched several popular models, contributing to the sales growth [1][2] - The Galaxy A7, launched on August 8, received over 10,000 orders on its first day, setting a new record in the electric hybrid sedan market [3] - Geely's electric and intelligent technology advancements have significantly supported its sales performance, including the release of the ShenDun battery and the Haohan super electric hybrid system [4] Strategic Initiatives - The "One Geely" strategy aims to enhance internal resource integration and reduce redundant investments, with a focus on merging Geely Auto and Zeekr into a single entity [1][6] - The merger is expected to improve growth efficiency by over 5% and enhance R&D, management, and marketing efficiency by 15%-20% [6] - Geely's global expansion strategy has led to over 180,000 units exported in the first half of 2025, with a significant increase in new energy vehicle exports [7] Global Expansion and Brand Positioning - Geely's international strategy emphasizes "high-value overseas expansion," with a focus on localizing operations in key markets [7][8] - The company has launched 10 high-value models in markets such as Saudi Arabia, Australia, and Egypt, while Zeekr has achieved top sales in luxury segments in Hong Kong and Kazakhstan [7] - Geely's global sales and service network now covers over 85 countries and regions, enhancing its international presence [8]