This share repurchase plan follows Geely Auto’s strong performance in the first half of 2025.
On October 6, Geely Automobile Holdings Limited announced its plan to implement a share buyback program with a maximum value of HK$23 billion (approximately RMB 21.05 billion).
Upon approval by the Hong Kong Stock Exchange, the buyback will be carried out in batches through automated mechanisms in the open market. Upon completion, the repurchased shares will be cancelled.
According to Geely’s official statement, the company’s business operations continue to grow, supported by robust and sufficient cash flow. The buyback will be funded entirely from Geely Auto’s existing capital and cash reserves, reflecting the company’s strong financial position and sound fiscal health.
The Board of Directors believes that this share repurchase plan fully demonstrates Geely Auto’s firm confidence in its long-term development prospects. The buyback will optimize the capital structure, enhance earnings per share, and help reflect the company’s reasonable valuation.
This share repurchase plan follows Geely Auto’s strong performance in the first half of 2025.
According to the company’s interim report, Geely Auto achieved revenue of RMB 150.3 billion in the first half of 2025, a year-on-year increase of 27%. Net profit attributable to shareholders reached RMB 9.29 billion, while core net profit attributable to shareholders surged 102% year-on-year to RMB 6.66 billion. The gross profit margin rose to 16.4%.
A particularly notable indicator is that by the end of the first half, Geely Auto’s total cash position had steadily increased to RMB 58.8 billion, providing a solid financial foundation for the buyback.
In terms of sales, Geely Auto sold a total of 1.409 million vehicles in the first half of 2025, a year-on-year increase of 47%. Among these, sales of new energy vehicles reached 725,000 units, surging 126% year-on-year, with the penetration rate of new energy vehicles already reaching 51.5%.
Based on this outperformance, Geely Auto has raised its full-year sales target from 2.71 million vehicles to 3 million vehicles.
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