Core Viewpoint - Geely Automobile Holdings Limited reported strong mid-year performance, with revenue and sales growth leading to an upward revision of its annual sales target by approximately 11% from 2.71 million to 3 million units [1][8]. Financial Performance - The company achieved revenue of 150.28 billion RMB in the first half of the year, a 27% increase year-on-year [2][3]. - Net profit was 9.29 billion RMB, a decline of 14% compared to the previous year, while core net profit rose by 102% to 6.66 billion RMB [2][3]. - Gross profit increased to 24.7 billion RMB, with a gross margin of 16.4% [2]. Sales and Market Share - Total sales reached 1.409 million units, marking a 47% year-on-year increase, with market share surpassing 10% for the first time [1][3]. - In the Chinese market, sales exceeded 1.22 million units, a 62% increase, achieving a market share of 11.2% [3]. - New energy vehicle (NEV) sales accounted for approximately 68.5 million units, representing 55.9% of the Chinese market, exceeding the national NEV penetration rate of 50.4% [3]. Export and Global Presence - Geely's export sales exceeded 180,000 units, with NEV exports surpassing 40,000 units, a 146% increase year-on-year [4]. - The brand has established a global sales network covering 85 countries and regions [4]. Brand Performance - Geely's three major NEV brands collectively sold over 725,000 units, a 126% increase, constituting 51.5% of total sales [7]. - The Galaxy series achieved sales of 548,000 units, a 232% increase, with plans for new plug-in hybrid models in the second half of the year [7]. - Zeekr and Lynk & Co also reported sales growth, with Zeekr selling 90,700 units (3% increase) and Lynk & Co selling 154,000 units (22% increase) [7]. Future Outlook - The company plans to enhance its product matrix and market share through the introduction of new models and a focus on high-quality development in the automotive industry [8]. - Geely aims to accelerate the export of mainstream NEVs and improve its global supply chain [8].