Establishing a sample of high-quality development in the industry, Geely Automobile's revenue in the first half of 2026 exceeded 170 billion yuan, and net profit surged 46% from the core to mother

The Zhitong Finance App learned that today, Geely Automobile Holdings Co., Ltd. (00175, hereinafter referred to as “Geely Auto”) announced its 2026 interim results, with total sales exceeding 1.42 million vehicles, total revenue of 173.6 billion yuan, and core net profit of 9.68 billion yuan, achieving a “sharp rise in volume and price” and setting a sample for high-quality development of the industry. Relying on the “One Geely” strategy, Geely Automobile will give full play to its potential as a “global AI smart car leader”, accelerate the intelligent transformation of the entire industry chain, and cross the cycle with high quality development strength.

Core business performance has risen across the board to establish a sample of high-quality development in the industry

In the first half of 2026, Geely Auto's business scale and profit quality increased simultaneously, becoming a model for the high-quality development of the industry. In the first half of the year, Geely's total sales volume exceeded 1.42 million units, a record high of the same period; total revenue exceeded 170 billion yuan, a record high, and was growing for six consecutive years; core net profit to mother reached 9.68 billion yuan, up 46% year on year, outperforming revenue growth; gross margin increased to 17.9%, and bicycle core net profit increased 45% year on year to 6,806 yuan. Profit resilience is highlighted, helping the company move through the industry cycle.

Along with the deepening implementation of the “One Geely” strategy, the company has achieved remarkable results in improving quality and efficiency. In the first half of the year, Geely Automobile's administrative expenses rate fell 0.2 percentage points to 1.7% year on year, and the R&D investment ratio decreased 0.3 percentage points to 5.2%. With the continuous expansion of overseas markets, the sales expenses rate remained the same as the same period in 2025. While R&D efficiency is improving, Geely Automobile's R&D investment continued to rise, increasing 8% year-on-year to 9.06 billion yuan in the first half of the year, continuing to consolidate technical barriers.

High-quality growth results have brought Geely Automobile's abundant capital reserves. As of the end of June 2026, its capital reserves reached 69.56 billion yuan, which is at an all-time high, laying a solid foundation for giving back to shareholders. In the first half of the year, the company implemented a total of HK$1,885 billion in repurchases and implemented a dividend of HK$0.5 per share on July 30, an increase of 51.5% over the previous year. The total dividend payout reached HK$5.39 billion. The core profit dividend ratio exceeded 30% for five consecutive years, and actively shared development results with shareholders.

Since the beginning of 2026, Geely Auto is the only Chinese passenger vehicle stock with positive share price growth among A-shares and H-shares. A total of 46 institutions have increased their holdings or opened positions in the first half of the year. Dozens of domestic and foreign investment banks, including Citibank, Morgan Stanley, and J.P. Morgan Chase, gave them ratings such as “increase in holdings,” “buy,” and “recommend,” and deeply acknowledged the company's high-quality development results.

“One Geely” deeply empowers the construction of the four major brands to develop simultaneously with high quality

As the “One Geely” strategy continues to deepen, Geely has concentrated its superior resources to strengthen the core listing platform, complete deep systematic construction such as ecosystem systematization, organizational systematization, marketing systematization, and supply chain systematization, and further enhance the collaborative growth potential of the four major brands.

The Krypton brand continued to improve. The total sales volume in the first half of the year exceeded 178,000 units, accounting for 12.5% of total sales, and revenue accounted for 31.7% of total revenue. Revenue increased 13.8 percentage points compared to the same period last year. The average customer unit price was about 350,000, surpassing traditional luxury car brands such as BBA, with remarkable high-end results. In the second half of the year, the Extreme Krypton brand will launch the Extreme Krypton 9X, and form four ultra-luxury dual flagships with 009 Guanghui. The Extreme Krypton 9X will enter overseas markets one after another, kicking off Geely's high-end expansion into the sea.

The Lynk & Co brand grew broadly, with sales exceeding 144,000 vehicles in the first half of the year, adhering to the layout of broadening products, broadening sports, and broadening experiences, and continuously strengthening the core label of “trend, sport, and personality”. In the second half of the year, the Lynk & Co brand focused on developing market share in high-end segments with new products such as the Lynk & Co 07GT and the new Lynk & Co Z20.

Geely Galaxy has stabilized in the mainstream market, with sales of nearly 520,000 vehicles in the first half of the year, ranking among the top three new energy sources in the world. In particular, overseas growth was rapid, and the product structure and profit structure were significantly optimized. In the second half of the year, Geely Galaxy will use the Galaxy TT to reshape the C-Class AI pure electric sports sedan market pattern, explore new off-road categories with the Galaxy Battleship 700, and comprehensively renew models such as the Galaxy E5, Galaxy M9, Xingyao 6, and Starship 7 to stabilize the basic sales market.

Geely China Star sold over 580,000 units in the first half of the year, ranking first as the Chinese brand for fuel passenger car sales for the 10th year in a row. In the second half of the year, the HEV fuel vehicle strategy was fully implemented. Currently, it has covered Xingrui, Xingyue L, and Emgrand, and will also expand to models such as Boyue L during the year. The i-HEV model will sprint to sell more than 30,000 units a month by the end of the year, helping China Star achieve its annual sales target of one million. After going overseas in 2027, its growth potential will be further unleashed.

Go overseas with high quality to expand the global market and sprint to the goal of selling 1 million vehicles per year

As Geely's second curve, the overseas market achieved sales of over 474,000 vehicles in the first half of the year, surpassing the total export volume for the full year of 2025, a sharp increase of 158% over the previous year, ranking first among mainstream car companies. Overseas sales in June and July continued to exceed 100,000 units, and the ranking rose to third place in overseas sales for Chinese car companies. Based on long-term confidence in overseas growth, Geely raised its 2026 overseas sales target from 640,000 units to 920,000 units, and sprinted to sell 1 million vehicles a year.

The high-quality development of overseas markets has benefited from Geely Automobile's “industrial symbiosis” asset-light overseas model. It cooperates with overseas partners such as Volvo, Proton, Renault, and Ford to rapidly increase the size of the localized market and enhance its ability to withstand risks. In terms of production capacity, Geely Automobile put into operation 12 overseas manufacturing plants in the first half of the year, with an overseas production capacity of more than 650,000 vehicles, and will exceed 840,000 units by the end of the year. In terms of research and development, Ruiyan and German R&D teams merged into a unified entity to shorten the time gap between new vehicle launches and accelerate global scientific research upgrading. In terms of channels, in the first half of the year, Geely Auto covered 114 overseas core markets, penetrated 17 emerging markets, and surpassed 2,000 overseas offline channels.

According to the plan, in 2026, Geely Automobile will build 1 300,000 level market (ASEAN), 3 200,000 level markets (Europe/Eastern Europe/Latin America and Africa), and 1 100,000-class market (Middle East Asia) globally, fully implement a high-quality overseas strategy, and achieve the transition from “products going overseas” to “system going overseas”.

Accelerate the transformation of global AI and lead the continuous development of technology

As the number one AI car manufacturer in China, Geely Automobile has completed an advanced layout based on the “Smart Geely 2025” strategy, becoming the only car company in the world with an integrated technological ecosystem of space and earth, such as smart cars, chips, embedded intelligent robots, AI models, and satellites. Unlike “product intelligence” commonly found in the industry, Geely Automobile has integrated global AI into the entire design, R&D, manufacturing, and after-sales link to achieve “global intelligence”, and has become a veritable “global AI smart car leader”.

Currently, Geely Automobile has accumulated advantages in terms of large computing power, large models, and big data to build an industry-leading underlying technology foundation, forming a full-stack capability covering chips, large models, and physical AI, and achieving global intelligent penetration in terms of smart driving, cockpit, architecture, chassis, energy, and safety. Geely will build a “1+2+N” multi-agent collaboration framework with the WAM world behavior model as the core, “Super Eva+ Thousand Mile Magnificent G-ASD” as the two pillars, and extend it to the N-class capabilities of global AI.

Efficient and iterative AI technology simultaneously innovates the underlying technology of new energy sources. Geely built a closed loop of the full link from underlying materials to system integration through the layout of the three “invisible champions” of Haosi Power, Jiyao Express, and Stardrive Technology, to improve the vertical integration ecosystem in the field of three electricity. Benchmark technologies such as i-HEV Smart Hybrid, Thor AI Electric Hybrid 2.0, Aegis BRICS battery, and Geely Galaxy Thunder 16 in 1 smart electric drive are already equipped with Geely mass-produced models and are developing in the direction of technology inclusion.

In the second half of the year, Geely Auto will release advanced WAM world behavior models, new upgrades to the Qianli Haohan G-ASD, and technologies such as AI off-road architectures and all-terrain AI digital chassis. In addition, Geely Automobile has also set up the “2030 Laboratory” to focus on cutting-edge fields such as acoustics, optics, global security, power semiconductors, digital chassis, physical intelligence, data science, big models and smart devices, reserve forward-looking disruptive technologies for 2030, consolidate the foundation for high-quality development, and make every effort to become a “global AI smart car leader”.