On October 6, Geely Automobile Holdings Limited (hereinafter referred to as “Geely Automobile”) announced a plan to repurchase shares worth up to HK$2.3 billion. According to the announcement, the buyback—subject to approval by the Hong Kong Stock Exchange—will be conducted in batches through an automated mechanism in the open market. Upon completion, the repurchased shares will be cancelled, and no new shares will be issued within 30 days after the buyback is finalized. The company stated that the funds for the buyback will come from its existing capital and cash reserves.
According to the company’s financial report, in the first half of this year, Geely recorded operating revenue of RMB 150.285 billion, up 27% year-on-year, marking a record high for the same period. The company’s net profit attributable to shareholders was RMB 9.29 billion, down 14% year-on-year. However, excluding the impact of foreign exchange gains and losses, the company’s core net profit attributable to shareholders was approximately RMB 6.66 billion, a 102% increase compared with RMB 3.3 billion in the same period of 2024. Behind this profit growth is a significant rise in vehicle sales. Data show that in the first half of 2025, Geely Holding Group sold a total of 1.9317 million vehicles, up 30% year-on-year, of which Geely Automobile accounted for 1.4092 million units, a 47% increase. New energy vehicle (NEV) sales soared 126% to 725,200 units.
Latest data reveal that in September 2025, Geely Automobile (including the Geely, Galaxy, Zeekr, and Lynk & Co brands) sold 273,100 vehicles, up 35% year-on-year. By brand, Geely sales rose 43% to 222,000 units; the Galaxy series surged 131% to 120,900 units; Zeekr sales fell 14% to 18,200 units; and Lynk & Co sales grew 28% to 32,900 units.
From January to September 2025, Geely Automobile’s cumulative sales reached 2.1702 million units, up 46% year-on-year. Among them, the Geely brand grew 55% to 1.7851 million units, Galaxy sales jumped 206% to 875,000 units, Zeekr rose 1% to 143,600 units, and Lynk & Co increased 23% to 241,500 units.
Meanwhile, Geely Automobile’s overseas performance has also been strong, with exports totaling 296,100 units in the first nine months of 2025.
Among all product lines, the Galaxy series stands out with the most impressive growth. As a representative of traditional automakers transitioning to intelligent new energy vehicles, Geely’s NEV transformation is showing significant results. Boosted by the rapid rise of the Galaxy lineup, the share of new energy vehicles in Geely’s total sales continues to increase, driving the company’s overall growth. Currently, the Geely Galaxy lineup includes models such as E5, E8, L6, L7, Starwish, Starship 7 EM-i, Galaxy Starshine 8, Galaxy A7, and Galaxy M9, covering a wide range of market segments, with new model launches occurring at a rapid pace.
In light of surging NEV sales, Geely Holding Group recently raised its 2025 annual sales target from 2.71 million to 3 million units. To achieve this goal, the company plans to launch several new models in the second half of the year. Among them, the Galaxy Starshine 6 is scheduled for launch in October. The model was opened for pre-sale on September 26, offering five variants priced between RMB 85,800 and RMB 118,800, with a limited-time pre-sale price ranging from RMB 79,800 to RMB 112,800.
Regarding the share repurchase plan of up to HK$2.3 billion, the announcement stated that the board of Geely Automobile believes the program is in the best interests of the company and its shareholders. Conducting the buyback amid current market uncertainty demonstrates the company’s confidence in its business outlook and future prospects, and is expected to enhance shareholder value. The board also emphasized that the company’s existing financial resources are sufficient to support the repurchase plan while maintaining a sound financial position.
