Geely Automobile Holdings achieved net profit attributable to its parent company of 5.308 billion yuan in 2023, a year-on-year increase of 51%

Geely Automobile Holdings disclosed its 2023 annual report today, achieving a net profit attributable to the parent company of 5.308 billion yuan, a year-on-year increase of 51%.

Geely Automobile Holdings achieved operating income of 179.2 billion yuan in 2023, a year-on-year increase of 21%, a record high;

achieved net profit attributable to the parent company of 5.308 billion yuan , compared with the net profit attributable to the parent company in 2022 after excluding the one-time bargaining acquisition income of 3.511 billion yuan, a year-on-year increase of 51%;

The total gross profit increased by 31% year-on-year to 27.4 billion yuan, and the gross profit margin increased from 14.1 billion yuan in 2022 to 27.4 billion yuan in 2022. % increased to 15.3% in 23 years;

The net cash level increased by 46% to 28.4 billion yuan.

In 2024, Geely Automobile targets sales of 1.9 million vehicles, an increase of approximately 13% compared with the total sales achieved in 2023; among which, the sales target of new energy vehicles increases by 66% compared with the total sales achieved in 2023.

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