Core Insights - Zeekr Technology (ZK.N) reported significant growth in key metrics for Q3 2025, including sales, revenue, and gross profit, alongside progress in its merger and privatization with Geely Automobile [1][3] Sales Performance - Total deliveries reached 140,200 units in Q3 2025, marking a year-on-year increase of 12.5% and a quarter-on-quarter increase of 7.1% [1] - Zeekr brand delivered 52,900 units, while Lynk & Co brand delivered 87,300 units, with new energy vehicles accounting for 72.4% of total sales [1] Financial Results - Total revenue for Q3 2025 was 31.562 billion RMB, reflecting a year-on-year growth of 9.1% and a quarter-on-quarter growth of 15.1% [2] - Vehicle sales revenue was 26.527 billion RMB, up 7.3% year-on-year and 15.8% quarter-on-quarter, driven by the launch of new and updated models [2] Profitability - Gross profit for Q3 2025 was 6.046 billion RMB, a year-on-year increase of 37.1% and a quarter-on-quarter increase of 6.9% [3] - Overall gross margin stood at 19.2%, up 4 percentage points year-on-year, while vehicle gross margin was 15.6%, up 3 percentage points from the previous year [3] Research and Development - R&D expenditure for Q3 2025 was 2.743 billion RMB, with an R&D expense ratio of 8.7%, down 1.7 percentage points year-on-year [3] - The merger with Lynk & Co has significantly improved R&D efficiency since the completion of the equity transfer in February [3] Merger and Privatization Progress - Geely Automobile plans to acquire all issued shares of Zeekr Technology, with the privatization process expected to complete by the end of the year [3] - Legal obstacles to the merger have been resolved, and the process is currently underway [3]

Financial Performance - In Q3 2025, the company reported revenue of 89.2 billion, a quarter-on-quarter increase of 15% and a year-on-year increase of 27% [1] - The core net profit attributable to shareholders for Q3 2025 was 3.96 billion, reflecting a quarter-on-quarter growth of 25% and a year-on-year growth of 19% [1] - For the first nine months of 2025, the cumulative revenue reached 239.5 billion, representing a year-on-year growth of 26% [2] - The core net profit attributable to shareholders for the first nine months of 2025 was 10.62 billion, showing a year-on-year increase of 59% [2] Market Share and Sales - The market share for the first nine months of 2025 was 10.2%, which is a year-on-year increase of 28.1% [2] - In Q3 2025, total sales reached 761,000 units, marking an 8% increase quarter-on-quarter and a 43% increase year-on-year [3] - The sales of new energy vehicles in Q3 2025 were 443,000 units, reflecting a quarter-on-quarter growth of 15% [3] - For the first nine months of 2025, cumulative sales reached 2.7 million units, a year-on-year increase of 46% [5] - Cumulative sales of new energy vehicles for the first nine months of 2025 were 1.168 million units, showing a significant year-on-year growth of 114% [5] Brand Performance - In Q3 2025, the Zeekr brand sold 53,000 units, with a quarter-on-quarter increase of 7% [3] - The Lynk & Co brand achieved sales of 87,000 units in Q3 2025, also reflecting a quarter-on-quarter increase of 7% [3]

Core Insights - Geely Automobile Holdings Limited reported record sales figures for October, with passenger car sales reaching 307,133 units, marking a year-on-year increase of 35% and a month-on-month increase of 12% [1] - The company has maintained a continuous growth trend for eight consecutive months, both year-on-year and month-on-month [1] - Cumulatively, from January to October, Geely's total sales reached 2.477 million units, reflecting a year-on-year growth of 44%, with an annual sales target achievement rate of 83% [1] - In the new energy vehicle segment, Geely's sales (including Geely, Lynk & Co, and Zeekr brands) reached 177,882 units in October, representing a year-on-year increase of 64% and a month-on-month increase of 8% [1]

Core Viewpoint - Geely Automobile announced a share repurchase plan of HKD 2.3 billion, aiming to enhance shareholder value and demonstrate confidence in its business outlook [1][3]. Group 1: Share Repurchase Plan - The board of Geely believes that the share repurchase plan aligns with the best interests of the company and its shareholders, especially in the current uncertain market environment [3]. - The plan will be executed through an automated mechanism in the open market and is subject to certain conditions, including compliance with the Hong Kong Stock Exchange regulations [3]. - The company plans to repurchase up to 1.008 billion shares, representing 10% of the total shares issued as of the date of the 2025 annual general meeting [3]. Group 2: Sales Performance - In September, Geely's monthly sales reached 273,125 units, marking a year-on-year increase of 35% and a month-on-month increase of 9%, with overseas exports accounting for 40,665 units [3]. - The sales of new energy vehicles (NEVs) reached 165,201 units in September, reflecting a year-on-year growth of 81% and a month-on-month increase of 12%, achieving a historical high [3]. - The total sales for 2025, including all brands, are projected to reach 2,170,189 units, representing a year-on-year increase of 46% [4]. Group 3: Market Outlook - Analysts from Guohai Securities view the company's fuel vehicle base as resilient, with expectations for growth driven by electrification, globalization, and premiumization [4]. - According to Kaiyuan Securities, the performance of new vehicles in the second half of 2025 is expected to exceed expectations, with the company's platform-based manufacturing cost advantages translating into the ability to continuously create popular models [4].

Group 1 - The company announced a share buyback plan of HKD 2.3 billion, which will be executed through an automated mechanism in the open market [2] - The board believes that the buyback plan aligns with the overall best interests of the company and its shareholders, showcasing confidence in the business outlook amid market uncertainties [5] - The plan is subject to certain conditions, including obtaining a waiver from the Hong Kong Stock Exchange regarding compliance with specific listing rules [5] Group 2 - In September, the company achieved a monthly sales volume of 273,125 units, representing a year-on-year increase of 35% and a month-on-month increase of 9%, with overseas exports accounting for 40,665 units [6] - The sales of new energy vehicles reached 165,201 units in September, marking an 81% year-on-year increase and a 12% month-on-month increase, setting a historical record [6] - The company’s total sales for 2025, including all brands, reached 2,170,189 units, reflecting a 46% year-on-year growth [6]

Core Insights - Geely Automobile Holdings Limited reported a total sales volume of 273,125 units in September 2025, representing a year-on-year increase of 35% [2] - Cumulative sales from January to September 2025 reached 2,170,189 units, marking a 46% year-on-year growth [2] Sales Performance - Geely brand sold 221,966 units in September, up 43% from 154,813 units in the same month last year [3] - The Galaxy series achieved remarkable sales of 120,868 units in September, a 131% increase year-on-year, with cumulative sales of 874,985 units, up 206% [3] - Zeekr brand's sales were 18,257 units in September, a decline of 14%, but cumulative sales for the year reached 143,600 units, a 1% increase [4] - Lynk & Co brand sold 32,902 units in September, up 28% year-on-year, with cumulative sales of 241,472 units, a 23% increase [4] New Energy Vehicles - In September, sales of battery electric vehicles (BEVs) reached 99,516 units, a 55% increase year-on-year [4] - Plug-in hybrid electric vehicles (PHEVs) sales were 65,685 units, showing a significant growth of 146% [4] - Cumulative sales of new energy vehicles from January to September totaled 1,167,823 units, reflecting a 104% year-on-year increase [4] Export Performance - Export sales in September were 40,665 units, a slight increase of 1% year-on-year [4] - Cumulative export figures for the year reached 296,128 units, indicating a decline of 7% compared to the same period last year [4]

Summary of Key Points Core Viewpoint - Geely Automobile reported strong sales growth in August, with total vehicle sales reaching 250,167 units, a year-on-year increase of approximately 38%. Cumulative sales for the first eight months of the year reached 1,897,064 units, up 47% compared to the same period last year [2][3]. Sales Performance by Brand - Geely brand sales in August were 205,324 units, a 46% increase year-on-year, with cumulative sales of 1,563,151 units, up 57% [3]. - The Galaxy brand saw sales of 110,666 units in August, a remarkable 173% increase year-on-year, with cumulative sales of 754,117 units, up 222% [3]. - Zeekr brand sales were 17,626 units in August, a slight decrease of 2%, but cumulative sales for the year reached 125,343 units, a 3% increase [3]. - Lynk & Co brand sales were 27,217 units in August, a 21% increase year-on-year, with cumulative sales of 208,570 units, up 23% [3]. Electric Vehicle Sales - Sales of pure electric vehicles (BEVs) reached 93,362 units in August, a significant year-on-year increase of 98%, with cumulative sales of 694,208 units, up 162% [4]. - Sales of plug-in hybrid electric vehicles (PHEVs) were 53,985 units in August, a 90% increase year-on-year, with cumulative sales of 308,414 units, up 63% [4].

2025年中期业绩 吉利汽车控股有限公司 ( 于开曼群岛注册成立之有限公司 ) 股票代号：175（港币柜台）及 80175（人民币柜台） 2025/08/14 本档之内容仅作演示用途，而任何其他人士不应利用或依赖相关信息。本档亦不应⺖视为替代阁下作出判断。阁下应单独负责对本演示材料之讨论 要点作独立调查及评估。吉利汽车控股有限公司对本演示材料之内容的准确性、完整性、可靠性概不作任何表示或保证。未经我方事先同意，不得 复制及/或分发本演示材料之内容。吉利汽车控股有限公司及其主管人员、董事及雇员对任何人士因依赖本演示材料或其内容而蒙受任何损失或损害 彼等概不负责或承担法律责任 。 本档包含对吉利汽车控股有限公司（"本公司"）以及本公司的子公司和关联公司（与本公司合称为"本集团"）一般经营计划和战略的前瞻性陈 述。前瞻性陈述通常包含"将" 、 "预期"和"期望"以及其它类似词语。就其本质而言，前瞻性陈述具有一定风险和不确定性，因为其涉及将在 未来发生的事件和情况。许多因素都会导致实际结果与前瞻性陈述出现重大差异，包括本公司未来经营的变化与发展，竞争环境，落实经营战略及 措施的能力，应对技术变革的能力，以及本集团经营 ...

Core Viewpoint - Geely Automobile Holdings Limited reported a significant increase in July 2025 sales, with total sales reaching 237,717 units, representing a year-on-year growth of 58%, driven by multi-brand collaboration and strong performance in electric vehicles [2][3] Sales Performance - Geely brand sales in July were 193,524 units, up 70% year-on-year, with the Galaxy series contributing significantly with 95,043 units sold, a staggering increase of 237% [2] - Cumulative sales for the Geely brand from January to July reached 1,357,827 units, reflecting a 59% increase compared to the same period last year [2] - Zeekr brand sales in July were 16,977 units, showing a modest increase of 8%, with cumulative sales of 107,717 units, up 4% year-on-year [2] - Lynk & Co brand sales in July were 27,216 units, a 28% increase year-on-year, with cumulative sales of 181,353 units, up 23% [2] Electric Vehicle Performance - Pure electric vehicle (BEVs) sales in July reached 90,043 units, a remarkable growth of 192%, accounting for 37.9% of total group sales; cumulative sales from January to July were 600,846 units, up 176% [2] - Plug-in hybrid electric vehicle (PHEVs) sales in July were 40,081 units, a 42% increase year-on-year, with cumulative sales of 254,429 units, reflecting a 58% growth [2] Export and Proton Brand - July exports totaled 35,272 units, a 6% increase year-on-year; however, cumulative exports from January to July were 219,386 units, showing a slight decline of 6% [3] - Proton brand sales in July were 14,117 units, an 11% increase year-on-year, with cumulative sales of 91,306 units remaining stable compared to the previous year [3]

Core Viewpoint - Geely Holding Group has signed a merger agreement with Zeekr Intelligent Technology, marking a significant step in its strategy to unify under "One Geely" and enhance its competitive position in the automotive market [1][3]. Summary by Sections Merger Agreement - Geely Auto will acquire all outstanding shares of Zeekr, allowing Zeekr shareholders to choose between cash or Geely shares as compensation [1]. - The privatization of Zeekr is expected to cost Geely Auto approximately $2.399 billion, equivalent to about 17.199 billion RMB [1]. Financial Performance of Zeekr - As of December 31, 2024, Zeekr reported total assets of 32.671 billion RMB, total liabilities of 42.824 billion RMB, and a net asset deficit of 10.153 billion RMB [3]. - Zeekr's total revenues for 2023 and 2024 were 51.673 billion RMB and 75.913 billion RMB, respectively, with net losses of 8.264 billion RMB and 5.791 billion RMB [3]. Strategic Integration - The merger aims to leverage Zeekr's strengths in the luxury electric vehicle sector alongside Geely's established presence in the mainstream market, enhancing collaboration across technology, products, supply chains, and marketing [3]. - Post-merger, Geely Auto will cover a wide range of powertrain options, including fuel, pure electric, plug-in hybrid, and hydrogen electric vehicles, thereby strengthening its market position across various segments [3]. Sales Performance - Geely Auto reported a total vehicle sales volume of approximately 236,000 units in June 2025, a year-on-year increase of about 42%, with a cumulative sales volume of 1.409 million units in the first half of the year, up 47% [4]. - The sales target for the year has been raised from 2.71 million units to 3 million units due to strong sales performance in the first half [5].