Geely Auto's Q1 Revenue Surpasses RMB 80 Billion for the First Time

[Financial Performance] Geely Auto reported Q1 2026 revenue of RMB 83.8 billion, with core net profit attributable to equity holders surging 31% year-over-year.

Core Developments: Premiumization and Globalization Drive Value Growth

Geely Auto achieved total sales of 709,358 units in the first quarter, retaining its position as China’s top-selling domestic brand. Of this, exports reached 203,000 units, soaring 126% year-over-year, with new energy vehicle (NEV) exports skyrocketing 572% to 125,000 units, becoming a key growth driver.

Key Metrics: Record Highs in Profitability and Cash Reserves

Excluding non-core gains and losses, core net profit attributable to equity holders stood at RMB 4.56 billion, while gross margin improved to 17.5%, up 11% year-over-year. Cash reserves at period-end reached RMB 60.2 billion, providing strong support for technological R&D and global expansion.

Strategic Foundation: Four Strategic Pillars Deliver High-Quality Growth

Under the 'One Geely' framework, brands including Geely, Lynk & Co, and Zeekr are advancing in synergy. The company’s diversified energy strategy—balancing both internal combustion engine and new energy vehicles—is progressing steadily, and its intelligent technology initiatives are entering a phase of tangible returns, driving a strategic shift from scale-driven growth to value-driven growth.