GEELY AUTO (00175) Announces First Three Quarters Results: Profit Attributable to Shareholders RMB13.928 billion, Up 7% Year-on-Year
GEELY AUTO (00175) Announces First Three Quarters Results: Revenue RMB272.564 billion, Up 13% Year-on-Year; Profit Attributable to Shareholders RMB13.928 billion, Up 7%; Sales Volume 2.2355 million Vehicles, Up 3%
Geely Automobile (00175) announced its results for the nine months ended September 30, 2026. During the period, the Group recorded revenue of RMB272.564 billion (RMB, same unit below), up 13% year-on-year; profit attributable to owners of the parent of RMB13.928 billion, up 7% year-on-year; and sales volume of 2.2355 million vehicles, up 3% year-on-year.
GEELY AUTO (00175) Announces Results for the Nine Months Ended September 30, 2026: The Group recorded revenue of RMB272.564 billion (RMB, same unit below) during the period, up 13% year-on-year; profit attributable to owners of the parent was RMB13.928 billion, up 7% year-on-year; sales volume was 2.2355 million vehicles, up 3% year-on-year.
For the three months ended September 30, revenue was RMB98.964 billion, up 10% year-on-year; profit attributable to owners of the parent was RMB4.837 billion, 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 deliver solid operating performance, achieving total sales volume of 812,500 vehicles, up 7% year-on-year. Driven by substantial growth in export sales and an increased share of high-value product sales, the Group's revenue for the period grew 10% year-on-year, with revenue growth outpacing sales volume growth, indicating improvements in both product mix and average selling price.
For the nine months ended September 30, 2026, core profit attributable to owners of the parent was RMB14.90 billion (for the nine months ended September 30, 2025 (restated): RMB10.56 billion), up 41% year-on-year; while profit attributable to owners of the parent was RMB13.93 billion (for the nine months ended September 30, 2025 (restated): RMB13.05 billion), up 7% year-on-year. The growth rate of core profit was higher than that of profit attributable to owners of the parent, mainly because the Group recorded a net foreign exchange loss during the period, compared with a net foreign exchange gain in the same period last year. The growth rate of core profit was also higher than revenue growth, reflecting the Group's continued improvement in overall operating performance.
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