Geely Auto Reports H1 Revenue of RMB 173.6B, Core Profit Up 46% YoY

On August 17, Geely Automobile Holdings released its interim financial results for the first half of 2026. Total revenue reached RMB 173.6 billion, up 15% year-over-year. Profit attributable to owners of the parent company stood at RMB 9.09 billion, down 1.8% year-over-year. Adjusted core net profit attributable to equity holders—excluding foreign exchange gains/losses and asset impairment—was RMB 9.68 billion, an increase of 46% year-over-year. During the reporting period, Geely Auto sold a total of 1.423 million vehicles, up 1% year-over-year. New energy vehicle (NEV) sales reached 799,000 units, up 10% year-over-year, accounting for 56.2% of total sales. Export sales surged 158% year-over-year to 474,000 units. Zeekr brand sales totaled 178,000 units, up 97% year-over-year, with Zeekr 9X sales exceeding 46,000 units. Driven by an optimized product mix, Geely’s average revenue per vehicle increased by RMB 15,000 year-over-year to RMB 112,000, while gross margin improved by 1.6 percentage points year-over-year to 17.9%. Net cash flow from operating activities amounted to RMB 19.9 billion.