Geely Auto (00175) announced its first-quarter financial results for the three months ended March 31, 2026. The company posted revenue of 83.78 billion yuan, representing a 15% year-on-year increase. Profit attributable to owners of the parent company reached 4.17 billion yuan, while core profit attributable to owners of the parent amounted to 4.56 billion yuan, up 31% compared to the same period last year. Vehicle sales totaled 709,400 units, marking a 1% rise year-on-year.
During the first quarter of 2026, the group maintained steady growth momentum, achieving total sales of 709,358 vehicles, a 1% increase over the prior-year period. Strong export performance and a higher proportion of high-value product sales contributed to a 15% year-on-year revenue growth, outpacing the growth in sales volume.
To better assess the group's core operational performance, core profit attributable to owners of the parent—a non-Hong Kong Financial Reporting Standards metric—was 4.56 billion yuan for the three months ended March 31, 2026, compared with a restated figure of 3.48 billion yuan for the same period in 2025, reflecting a 31% year-on-year increase. The growth in core profit exceeded revenue growth, indicating improved operational efficiency and strengthened profitability.
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