Geely Automobile ( (GELYF) ) has released its Q1 earnings. Here is a breakdown of the information Geely Automobile presented to its investors.
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Geely Automobile Holdings Limited, a prominent player in the automotive industry, is known for its innovative approach in manufacturing and selling a wide range of vehicles, including new energy vehicles, under various brand names.
In its latest earnings report for the first quarter of 2025, Geely Automobile reported significant growth in sales and profitability, driven by a strong performance in its new energy vehicle segment. The company achieved record-high sales volumes and a substantial increase in profits compared to the same period last year.
Key financial highlights include a 48% increase in sales volume to 70.38 million units and a 25% rise in revenue to RMB 72,495 million. Notably, the profit attributable to owners of the parent surged by 264% year-on-year to RMB 5,672 million. The company’s Galaxy brand saw a remarkable 214% increase in sales, contributing to the overall profitability.
Despite a slight decrease in total assets, the company remains confident in its financial stability, supported by strong cash inflows and strategic financial management. The acquisition of LYNK & CO, now a subsidiary, is expected to further enhance Geely’s market position and operational efficiency.
Looking ahead, Geely Automobile’s management remains optimistic about the company’s growth prospects, focusing on expanding its new energy vehicle offerings and optimizing its financial structure to sustain its upward trajectory in the automotive market.