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[Autohome News] On August 17, Geely Automobile Holdings Limited (0175.HK, hereinafter referred to as “Geely Automobile”) released its interim results for 2026. The company achieved total revenue of 173.6 billion RMB in the first half of the year, a year-on-year increase of 15%, marking a record high and maintaining steady growth for six consecutive years. Core net profit attributable to shareholders reached 9.68 billion RMB, a surge of 46% year-on-year, outpacing revenue growth. The core net profit margin stood at 5.6%, up 27% year-on-year. Gross profit margin increased to 17.9%, and revenue per vehicle rose by 16% year-on-year to 112,000 RMB.
According to official information, in the first half of 2026, Geely Automobile simultaneously improved its operational scale and profitability quality. Total sales exceeded 1.42 million units in the first half. The gross profit margin climbed to 17.9%, and core net profit per vehicle increased by 45% year-on-year to 6,806 RMB. Accompanying the deepened implementation of the “One Geely” strategy, Geely Automobile’s administrative expense ratio decreased by 0.2 percentage points year-on-year to 1.7%, and the R&D investment ratio decreased by 0.3 percentage points to 5.2%. With the continued expansion into overseas markets, the selling expense ratio remained flat compared to the same period in 2025. While R&D efficiency improved, Geely Automobile’s investment in R&D continued to climb, rising by 8% year-on-year to 9.06 billion RMB in the first half, continuously solidifying its technological barriers.
High-quality growth performance has brought ample capital reserves to Geely Automobile. As of the end of June 2026, its cash reserves reached 69.56 billion RMB. In the first half, the company executed share repurchases totaling 1.885 billion Hong Kong dollars. On July 30, it implemented a dividend distribution of 0.5 Hong Kong dollars per share, an increase of 51.5% year-on-year, with a total dividend payout of 5.39 billion Hong Kong dollars. The core profit payout ratio has exceeded 30% for five consecutive years.
With the continued deepening of the “One Geely” strategy, Geely is concentrating superior resources to strengthen its core listed platform (0175.HK). It has completed deep systematic constructions in the ecosystem, organization, marketing, and supply chain, further enhancing the momentum of synergistic growth across its four major brands. Among them, the Zeekr brand continued its upward trajectory, with total sales exceeding 178,000 units in the first half, accounting for 12.5% of total sales. Revenue accounted for 31.7% of total income, an increase of 13.8 percentage points from the same period last year, with an average transaction price of around 350,000 RMB, demonstrating significant results in high-end positioning. In the second half of the year, the Zeekr brand will launch the Zeekr 9X Glory, which will form a four-seat dual flagship alongside the 009 Glory. The Zeekr 9X will successively enter overseas markets, kicking off Geely’s high-end global expansion.
The Lynk & Co brand is broadening its reach, with sales exceeding 144,000 units in the first half. It persists in a layout of “wider products, wider sports, and wider experiences,” continuously reinforcing its core labels of “trendy, sporty, and personalized.” In the second half, Lynk & Co will use new models such as the Lynk & Co 07 GT and the all-new Lynk & Co Z20 to strive for market share in high-end segments. The Geely Galaxy series has firmly established itself in the mainstream market, with sales approaching 520,000 units in the first half; overseas growth has been particularly rapid, with significant optimization in product and profit structures. In the second half, Geely Galaxy will comprehensively refresh models such as the Galaxy E5, Galaxy M9, Xingyao 6, and Starship 7.
Geely China Star saw sales exceed 580,000 units in the first half. The strategic HEV conversion of fuel vehicles will be fully implemented in the second half of the year. It currently covers the Xingrui, Xingyue L, and Emgrand, and will expand to models like the Boyue L within the year. i-HEV models aim to sprint for monthly sales of over 30,000 units by the end of the year, helping China Star achieve its annual sales target of one million units. Once they go overseas in 2027, their growth momentum will be further released.
As the second growth curve for Geely Automobile, the overseas market achieved sales exceeding 474,000 units in the first half, surpassing the total export volume for the entire year of 2025, representing a year-on-year surge of 158% and ranking first in growth speed among mainstream automakers. Overseas sales exceeded 100,000 units for two consecutive months in June and July, with its ranking rising to third among Chinese automakers for overseas sales. Due to long-term confidence in overseas growth, Geely Automobile has raised its 2026 overseas sales target from 640,000 to 920,000 units, with a sprint target of 1 million units for the year.
The high-quality development of overseas markets benefits from Geely Automobile’s “industry symbiosis” asset-light globalization model. It has partnered with overseas companies such as Volvo, Proton, Renault, and Ford to rapidly increase localized market scale and enhance risk resilience. In terms of production capacity, 12 overseas manufacturing plants invested and operated by Geely Automobile were put into operation in the first half, with overseas production capacity exceeding 650,000 units, expected to surpass 840,000 units by the end of the year. In R&D, the Swedish and German R&D teams have merged into a unified entity, shortening the time lag for new model launches and accelerating global scientific research upgrades. In terms of channels, Geely Automobile covered 114 core overseas markets and penetrated 17 emerging markets in the first half, with overseas offline channels exceeding 2,000. According to the plan, in 2026 Geely Automobile will build one 300,000-unit level market (ASEAN), three 200,000-unit level markets (Europe/Eastern Europe/Latin America & Africa), and one 100,000-unit level market (Middle East & West Asia), fully implementing a high-quality globalization strategy.
Based on the forward-looking layout of the “Smart Geely 2025” strategy, Geely Automobile has become the only automaker in the world with a space-Earth integrated technology ecosystem covering smart vehicles, chips, embodied AI robots, AI large models, and satellites. Geely Automobile has integrated full-domain AI into the entire chain of design, R&D, manufacturing, and after-sales service, achieving “full-domain intelligence.” Currently, leveraging its accumulated advantages in large computing power, large models, and big data, Geely Automobile has built an industry-leading underlying technology foundation, forming full-stack capabilities covering chips, large models, and physical AI. It has achieved full-domain intelligent penetration in intelligent driving, cockpits, architecture, chassis, energy, and safety. Geely will use the WAM (World Action Model) as the core, “Super Eva + Qianli Haozhan G-ASD” as the two pillars, and extend to N-category capabilities of full-domain AI, building a “1+2+N” multi-agent collaboration framework.
In the second half of the year, Geely Automobile will release an advanced WAM World Action Model, the fully upgraded Qianli Haozhan G-ASD, and technologies such as an AI off-road architecture and all-terrain AI digital chassis. Furthermore, Geely Automobile has established the “2030 Lab,” focusing on frontier fields such as acoustics, optics, full-domain safety, power semiconductors, digital chassis, embodied AI, data science, large models, and intelligent agents to reserve forward-looking disruptive technologies for 2030. (Translated by Autohome Zhou Yi)