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].

10月6日，吉利汽车（00175.HK）宣布拟进行23亿港元股份回购计划，该计划将透过自动化机制于公开市 场回购股份，并根据回购授权进行。 吉利汽车董事会认为，实施计划符合公司及其股东的整体最佳利益。在目前市场不明朗的情况下进行股份 回购，能展示公司对其业务展望及前景充满信心，并最终为公司带来裨益及为股东创造价值。董事会相 信，公司现有的财务资源足以支持计划的实施，同时维持稳健的财务状况。 据公告，该计划的实施须受若干条件约束，其中包括获得联交所就《香港联合交易所有限公司证券上市规 则》第10.06(2)(e)条的严格遵守所批出的豁免。 2025年5月30日吉利汽车股东年会上授予的一般性股份回购授权，公司计划回购不超过10.08亿股，相当于 股东年会日期已发行股份总数的10%，回购的股份将予以注销，以优化股本结构。 吉利汽车公布的销售数据显示，在刚刚过去的9月份，吉利汽车单月销量达到了273125台，同比增长35%， 环比增长9%，其中，海外出口40665台；新能源汽车月销165201台，同比增长81%，环比增长12%，创下 历史新高。 在国海证券看来，公司燃油基盘逆势向上， 电动化、 全球化、高端化三大核心 ...

其中，吉利品牌9月销量为221,966辆，同比增长43%，银河系列表现尤为亮眼，单月销量达120,868辆，同比增长131%，今年1-9月累计销售874,985辆，同比 增长206%。 10月1日，吉利汽车控股有限公司公布2025年9月未经审核销量数据。9月，吉利汽车总销量达273,125辆，同比增长35%；2025年1-9月累计销售2,170,189辆， 同比增长46%。 | | 本月 | 去年同期 | 同比變動 | 今年累計 | 去年同期累計 | | --- | --- | --- | --- | --- | --- | | 品牌 | (部) | (部) | (%) | (部) | ( 駅) | | 吉利 | 221,966 | 154,813 | 43 | 1,785,117 | 1,151,214 | | 其中:銀河 | 120,868 | 52,311 | 131 | 874.985 | 286,276 | | 極気 | 18,257 | 21.333 | -14 | 143.600 | 142.873 | | 領克 | 32,902 | 25,803 | 28 | 241,472 | 195.60 ...

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].

Group 1 - Geely Auto raised its annual sales target by 10.7% from 2.71 million to 3 million units, reflecting the company's confidence in its growth for the year [1] - In June, Geely's total sales reached 236,000 units, a year-on-year increase of 42.1% and a month-on-month increase of 0.4% [1] - New energy vehicle sales in June were 122,400 units, showing a year-on-year growth of 85.5%, although there was a month-on-month decrease of 11.3% [1] Group 2 - The sales of the Geely brand in June were 193,000 units, representing a year-on-year increase of 58.8% and a month-on-month increase of 2.3% [2] - Geely Galaxy's sales in June reached 90,200 units, a significant year-on-year increase of 201.8%, despite a month-on-month decrease of 11.4% [2] - The Galaxy A7, featuring advanced technology and competitive pricing, is expected to boost the sales of Geely's new energy vehicles further [2] Group 3 - Zeekr brand sales in June were 16,700 units, a year-on-year decrease of 16.9% and a month-on-month decrease of 11.7% [3] - Lynk & Co brand sales in June were 26,300 units, showing a year-on-year increase of 7.7% but a month-on-month decrease of 4.8% [3] - The introduction of the Zeekr 9X, featuring innovative hybrid technology, is anticipated to positively impact Zeekr's sales in the upcoming quarters [3]

Core Insights - Zeekr Technology reported a June sales figure of 43,012 units, marking the fourth consecutive month of sales exceeding 40,000 units [1] - Cumulative sales from January to June reached 244,877 units, representing a year-on-year growth of 14.5%, solidifying its leadership in the Chinese high-end luxury market [1] - In June, the Zeekr brand sold 16,702 units, while the Lynk & Co brand achieved sales of 26,310 units [1] - Zeekr Technology has expanded into over 60 international mainstream markets, with more than 1,200 global stores and a user base of 1.99 million [1]

Core Insights - The new energy vehicle (NEV) industry in China is entering a new phase where companies are focusing on profitability rather than just revenue growth [4][6][12] Financial Performance - NIO reported a revenue of 12 billion RMB for Q1, marking a year-on-year growth of 21.5% [1] - Li Auto achieved the highest revenue among new forces at 25.9 billion RMB [1] - Xpeng's gross margin improved to 15.6%, a 2.7 percentage point increase year-on-year [6] - The overall revenue for the NEV sector is expected to grow, with NIO projecting Q2 revenue between 19.51 billion and 20.07 billion RMB, a year-on-year increase of approximately 11.8% to 15% [6] Sales and Deliveries - In May, several companies reported strong delivery numbers, with Li Auto delivering 40,856 vehicles, a 16.7% increase year-on-year [11] - Zeekr, Li Auto, and others exceeded 40,000 deliveries in May, indicating robust market demand [3][9] - NIO's May deliveries reached 23,231 units, a 13.1% increase year-on-year, with expectations of 72,000 to 75,000 deliveries in Q2 [12] Profitability Goals - Companies are setting clear profitability targets, with NIO aiming for profitability in Q4 of this year, expecting to achieve a monthly sales volume of 50,000 units with a gross margin exceeding 20% [4][6] - Xpeng's chairman expressed confidence in achieving profitability in Q4, alongside a doubling of sales volume [6] Market Trends - The NEV market is experiencing intense competition, with a shift towards sustainable profitability models as companies move away from loss-making strategies [3][4] - Analysts predict that the price war in the NEV sector will continue but may be less aggressive than in previous years, with traditional fuel vehicles facing greater market challenges [12]