Geely Auto (00175) announced results for the first three quarters, profit attributable to shareholders of 13.928 billion yuan increased 7% year-on-year

According to the Zhitong Finance App, Geely Automobile (00175) announced the results for the nine months ended September 30, 2026. The group achieved revenue of 272,564 billion yuan (RMB, same unit) during the period, an increase of 13% over the previous year; profit attributable to the owner of the parent company was 13.928 billion yuan, an increase of 7% over the previous year; and sales volume of 2,235,500 vehicles, an increase of 3% over the previous year.

For the three months ended September 30, revenue was 98.964 billion yuan, up 10% year on year; profit attributable to parent company owners was 4.837 billion yuan, up 28% year on year; sales volume was 812,500 vehicles, up 7% year on year.

In the third quarter of 2026, the Group continued to maintain steady operating performance, achieving total sales volume of 812,500 vehicles, an increase of 7% over the previous year. Driven by a sharp increase in export sales and an increase in the share of sales of high-value products, the Group's revenue increased 10% year-on-year during the period, and the revenue growth rate was higher than the sales growth rate, indicating an improvement in product structure and average sales price.

For the nine months ended September 30, 2026, core profit attributable to parent company owners was RMB 14.90 billion (nine months ended September 30, 2025 (re-listed): RMB 10.56 billion), up 41% year on year; while profit attributable to parent company owners was RMB 13.93 billion (nine months ended September 30, 2025 (re-listed): RMB 13.05 billion), up 7% year on year. The growth rate of core profit was higher than the growth rate of profit attributable to the owners of the parent company, mainly due to the Group's net loss on foreign exchange during the period, while net foreign exchange earnings were obtained in the same period last year. The growth rate of core profit was also higher than the growth rate of revenue, reflecting the continued improvement in the Group's overall operating performance.