On August 14, Geely Auto unveiled its mid-year financial results for 2025, reporting a revenue of 150.28 billion yuan for the first half of the year, marking a 27% year-on-year increase. Net profit attributable to shareholders stood at 9.29 billion yuan, down 14% from the previous year. However, excluding non-recurring items such as exchange gains, net profit soared 102% year-on-year to 6.657 billion yuan.

In terms of gross profit, Geely Auto achieved 24.719 billion yuan in the first half, a 24.41% year-on-year increase. The gross profit margin was 16.4%, a slight decrease of 0.3 percentage points from the previous year.

Sales-wise, Geely Auto sold a total of 1.4092 million vehicles in the first half, up 47% year-on-year. Notably, sales of new energy vehicles surged 126% to 725,200 units, accounting for 51.5% of total sales. Pure electric vehicle sales increased by 173% to 511,000 units, while plug-in hybrid sales grew 61% to 214,000 units.

In the Chinese market, sales reached 1.225 million units, up 62% year-on-year, with a market share of 11.2%. The penetration rate of new energy vehicles stood at 55.9%, exceeding the industry average of 50.4%. Export sales, however, declined 8% to 184,100 units, although new energy exports surged 146% to 40,500 units.

Brand-wise, sales of the Geely brand (including fuel and new energy vehicles) increased 57% to 1.1643 million units. Sales of Zeekr brand's pure electric models rose 3% to 90,700 units, while Lynk & Co brand sales grew 22% to 154,100 units.

Geely Auto has revised its annual sales target upwards from 2.71 million units to 3 million units.

Regarding expenses, Geely Auto's R&D expenditures in the first half of 2025 amounted to 7.328 billion yuan, a 21% year-on-year increase, with a focus on new energy and intelligent technology.

The company's cash reserves stood at 58.8 billion yuan, and net operating cash flow was 15.034 billion yuan, down 21% year-on-year. Cash and equivalents + restricted deposits totaled 58.813 billion yuan at the end of the period, a 26% increase from the end of 2024. Total borrowings were 19.908 billion yuan, up 162% year-on-year, primarily used for the acquisition of Lynk & Co and business expansion.