Geely Automobile Holdings reported a 2025 net profit attributable to shareholders of 16.85 billion yuan ($2.45 billion), broadly unchanged from the previous year but exceeding market expectations, the company said.
The result came in above a Bloomberg survey estimate of 16.5 billion yuan, while total revenue rose 25% year-on-year to a record 345.23 billion yuan, according to Geely’s financial report released on Wednesday.
The Chinese automaker sold 3,024,600 vehicles in 2025, surpassing its revised annual target of 3 million units. However, the company noted a slowdown in sales momentum toward the end of the year, particularly in December.
The weaker year-end performance was partly attributed to the suspension of vehicle trade-in subsidies in several major Chinese cities starting in mid-November, which affected broader market demand.
Looking ahead, Geely has set a 2026 sales target of 3.45 million vehicles, representing an increase of around 14%. The company aims to sell 2.22 million new energy vehicles (NEVs), a projected rise of 32% from the previous year.
Recent monthly data showed mixed trends. In February, total vehicle sales rose about 1% year-on-year to 206,160 units despite the seasonal slowdown linked to the Chinese New Year holiday. Export performance stood out, with overseas shipments surging 138% to 60,879 units.
Premium brands Zeekr and Lynk & Co were key contributors to growth, helping offset a decline in sales of the core Geely brand. Zeekr deliveries increased by 70% in February, while the main Geely brand recorded a 10.77% drop.
The results highlight Geely’s reliance on exports and premium segments to sustain growth, as competition intensifies in China’s domestic automotive market.