Geely Auto Financial Report: In 2023, Geely Auto's revenue reached a record high of 179.2 billion yuan, and its net profit increased by 51%

According to recent news, Geely Automobile Holdings released its 2023 annual financial report, with outstanding performance and all data showing strong growth.

The report shows that Geely Auto achieved operating revenue of 179.2 billion yuan in 2023, a year-on-year increase of 21%, setting a historical high.

It is worth mentioning that Geely Auto's net profit attributable to shareholders of the parent company reached 5.308 billion yuan in 2023, a year-on -year increase of 51% compared with the net profit attributable to shareholders of the parent company of 3.511 billion yuan in 2022 after excluding one-time bargain acquisition gains.

This increase not only far exceeded market expectations, but also showed the company's remarkable results in improving profitability and optimizing cost control.

In addition, Geely Auto's total gross profit and gross profit margin also increased, and its net cash level increased significantly by 46% to 28.4 billion yuan.

Looking ahead to 2024, Geely Auto has set a sales target of 1.9 million vehicles, an increase of approximately 13% from the total sales volume in 2023.

Among them, the sales target for new energy vehicles is set at a high level of 66% increase over the total sales achieved in 2023.

Zikuai Technology