Geely Auto: First-Half Revenue Breaks 1500 Billion, Core Net Profit Increases by 102%

Opinion Network News: August 14th, Geely Automobile Holdings Limited announced its mid-year performance in China, with the first-half revenue exceeding 1500 billion yuan for the first time, core net profit increasing by 102%, driven by outstanding sales performance.

In the first half of the year, the company achieved an operating income of 1503 billion yuan, a 27% increase from last year, setting a new high; core net profit reached 66.6 billion yuan, increasing by 102%, with total gross profit reaching 247 billion yuan and a gross margin rate of 16.4%; cash reserves remained steadily at 588 billion yuan.

Based on this, Geely Auto has raised its annual sales target to 3 million units. In the second half of the year, the company will intensively launch new products and release the coordinated effect, taking steady steps towards the goal.

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