Geely Auto Announces Leadership Shake-up: Li Shufu Becomes Honorary Chairman, An Conghui Takes Over as Board Chairman

Geely Automobile Holdings Limited announced a management reshuffle on August 17, 2026. Effective August 18, 2026, Mr. Li Shufu stepped down as Chairman of the Board and Executive Director, assuming the title of Lifetime Honorary Chairman, while continuing to serve as Chairman of Zhejiang Geely Holding Group. Mr. An Conghui was appointed Chairman of the Board of Geely Automobile Holdings Limited. Mr. Li Donghui resigned as Deputy Chairman but remains an Executive Director. Mr. Gui Shengyue stepped down as Chief Executive Officer (CEO) and was appointed Deputy Chairman, continuing as an Executive Director. Mr. Gan Jiayue was appointed CEO, responsible for the company’s day-to-day operations. On the same day, Geely Automobile released its financial results for the first half of fiscal year 2026 (January–June 2026): - Total revenue: RMB 173.6 billion, up 15% year-over-year - Gross profit: RMB 31.154 billion, up 25.7% year-over-year - Gross margin: 17.94%, an increase of 1.6 percentage points year-over-year - Net profit attributable to equity holders: RMB 9.091 billion, down 2% year-over-year - Operating cash flow: RMB 19.924 billion, down 67.98% year-over-year - Basic earnings per share: RMB 0.8413