Here’s geely Auto core profit jumps 46% in H1 as home market retreats

• Geely Auto’s first-half revenue rose 15% year-on-year to a record 173.6 billion yuan ($25.58 billion), while core profit increased 46%.
• First-half exports surged 158% to 474,228 vehicles, while domestic sales fell 22.6%.

Geely Auto (HKEX: 0175) posted record revenue in the first half of the year, as exports more than doubled and offset a sharp weakening in domestic demand, though a steep decline in foreign-exchange gains pushed net profit slightly lower.

The Chinese auto giant said Monday in a filing that first-half revenue rose 15% year-on-year to 173.6 billion yuan ($25.58 billion), marking growth for the sixth consecutive year.

Gross profit rose 25.7% to 31.15 billion yuan in the first half, while gross margin increased 1.6 percentage points to 17.9%.

Net profit attributable to shareholders fell 2% year-on-year to 9.09 billion yuan, mainly because other net gains dropped to 1.02 billion yuan from 4.74 billion yuan a year earlier, reflecting fluctuations including foreign-exchange gains and losses.

Excluding after-tax foreign-exchange gains and losses and impairment charges on non-financial assets, core net profit attributable to shareholders rose 46% to 9.68 billion yuan, far outpacing revenue growth.

The board decided not to declare an interim dividend, unchanged from a year earlier. Cash flow from operating activities was 19.92 billion yuan in the first half, down 68% year-on-year.

The divergence in the company’s sales mix was a key feature of the results. Geely Auto sold 1,422,958 vehicles in the first half, up only about 1%, according to data compiled by CnEVPost.

Overseas sales surged 157.6% to 474,228 vehicles, with monthly volume exceeding 100,000 for the first time in June. Domestic sales, by contrast, fell 22.6% to 948,730 vehicles.

The company's push upmarket also lifted the value of each vehicle sold. Geely said the Zeekr 9X became China's best-selling model priced above 500,000 yuan, helping raise its average selling price by 15,000 yuan to 112,000 yuan.

Geely continued to increase research and development spending, with R&D expenses rising 25.5% in the first half to 9.2 billion yuan. Distribution and selling expenses increased 16.3% to 9.83 billion yuan.

In overseas markets, Geely Auto still trails BYD (HKEX: 1211). BYD sold 792,256 new energy vehicles (NEVs) overseas in the first half, nearly twice Geely's export volume.

July sales data showed that Geely's overseas momentum was continuing. Exports reached another record of 106,663 vehicles during the month, while domestic sales fell 29.1% year-on-year.

The company said it will accelerate overseas expansion in the second half while consolidating its position in the Chinese market, with "Full-Domain AI" at the core of its technology strategy.

Geely Farizon's first overseas plant starts operations in Indonesia - CnEVPost

The first locally assembled V8E all-electric logistics vehicle rolled off the line on August 13 at a plant about 80 kilometers southeast of Jakarta.

Geely

Aug 14, 2026

($1 = 6.7873 yuan)