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<Results>GEELY AUTO Interim NP RMB9.29B, Down 13.9%
Recommend 11 Positive 23 Negative 4 |
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GEELY AUTO (00175.HK) announced its interim results for the six months ending June 30, 2025, reporting revenue of RMB150.285 billion, up 26.5% YoY. Net profit fell 13.9% YoY to RMB9.29 billion, with EPS at RMB92.18 cents. The company declared no interim dividend. The total sales volume amounted to 1.4092 million units, representing a YoY increase of 47%. The sales volume in the PRC market was 1.2251 million units, representing a YoY increase of 62%, with a market share in the PRC market of 11.2%, and ranking second among indigenous brands. Export sales volume totaled around 184,100 units, representing a YoY decrease of 8%. Despite heightened price competition in the PRC automobile market during the period and a rising share of NEV sales within its portfolio, the Group maintained a steady gross profit margin due to economies of scale, effective cost control and enhanced profitability of NEV products built on the GEA architecture, with a slight YoY decrease of 0.3 ppts to 16.4%. The Group has stepped up the export of mainstream NEVs and plans to introduce more new energy models to various international markets in the second half of the year. Moreover, the Group is committed to building a more robust global supply chain and accelerating localized production capacity in partnership with others. The Group will also spare no effort to acquire all outstanding ZEEKR Shares, thereby advancing the strategic reintegration under the “One Geely” vision and strengthening synergies and competitiveness in the smart EV sector. AAStocks Financial News |
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