GEELY AUTO (00175) releases annual performance results. Total revenue increased by 25% year-on-year, reaching 345.2 billion yuan, once again setting a new historical high.

Geely Auto (00175) released its annual performance until December 31, 2025. The group achieved a revenue of 345.232 billion yuan during the period, a 25% increase compared to the previous year. The profit attributable to the owners of the parent company was 16.852 billion yuan, a 0.24% increase year-on-year. The basic earnings per share were 1.67 yuan, and a final dividend of 0.5 Hong Kong dollars per share is proposed. The group continued its successful transformation in the field of new energy and intelligence from the previous year, launching several new energy vehicles during the year, leading to a significant increase in sales of new energy vehicles. At the same time, the group adhered to a balanced development strategy for both fuel vehicles and new energy vehicles. By enhancing the intelligence level of fuel vehicles, the group managed to achieve sales growth for fuel vehicles even as the penetration rate of new energy vehicles increased. In terms of globalization, the group accelerated the export of new energy vehicles to promote diversification in the global market. By wholesale volume (including exports), the group sold 3.0246 million vehicles in 2025, a 39% increase year-on-year, exceeding the revised target of 3 million vehicles for the year. Among them, wholesale volume in China increased by 48% to 2.6045 million vehicles year-on-year, while export wholesale volume rose by 1% to 0.4201 million vehicles. The group's mainstream new energy brand, Geely Galaxy, launched the Geely Galaxy E5, Geely Xingyuan, and Geely Galaxy Starship 7 based on the global intelligent new energy architecture GEA (GEA architecture) last year. These models continued to sell well during the year, with Geely Xingyuan becoming the top-selling passenger car in China in 2025. During the year, Geely Galaxy further expanded its product range, introducing new models based on the GEA architecture and GEA Evo architecture, including Geely Galaxy Xingyao 8, Geely Galaxy A7, Geely Galaxy M9, and Geely Galaxy Xingyao 6, resulting in a 150% year-on-year increase in the total annual sales of Geely Galaxy to 1.2358 million vehicles, ranking second in sales among Chinese automotive brands. The group's mid-to-high-end brand, Lynk & Co, steadily developed, with annual sales reaching 0.3505 million vehicles, a 23% increase year-on-year, with the proportion of new energy products increasing to 65%. The group also launched popular models during the year, such as the Lynk & Co 900 and Lynk & Co 10 EM-P. The luxury new energy brand, Zeekr, continued to push the brand upwards, achieving an annual sales of 224,100 vehicles, a 1% year-on-year increase. The Zeekr 9X, launched during the year, became the best-selling large SUV over 500,000 yuan in November and December, consecutively. In 2025, the group's sales of new energy vehicles increased by 90% year-on-year to 1.6878 million vehicles, accounting for 56% of total sales, ranking second globally in new energy vehicle sales. In 2025, the group's total sales increased by 39% year-on-year, with the mainstream new energy brand, Geely Galaxy, showing the most significant growth, leading to a 25% increase in total revenue for the group to 345.2 billion yuan, reaching a historic high. Benefiting from the increase in the proportion of new energy vehicles in the mainstream market, the group achieved cost efficiency through economies of scale, the new energy architecture, and the introduction of high-end products. Despite facing intense price competition in the industry, the gross profit increased by 25% year-on-year, with a gross profit margin of 16.6%, a slight increase of 0.1% year-on-year.