Geely's first-half net profit increased 8.7% year-on-year, export volume doubled

Geser Automotive News August 22, Zhejiang Geely Holding Group announced the interim results announcement. In the first half of 2012, Geely's operating revenue increased by 6.1% to RMB 11.18 billion from RMB 10.54 billion, net profit increased by 8.7% from RMB 9.38 billion to RMB 10.2 billion, and sales volume increased by 4.2% from 223,000 units to 222,000 units. . Exports reached three times the same period last year and became the key to sales growth.

Export volume surged by 199% year-on-year

Geely Group's Financial Summary for the First Half of the Year From January to June of this year, Geely’s cumulative sales reached 222,390 units, a year-on-year increase of 4.2% from 213,381 units, and 48% of the 460,000 units targeted for the entire year. Geely said that the demand for relatively high-end models such as the Emgrand EC7 has grown rapidly in the domestic market, and its export business has rapidly increased, which has offset the decline in sales of older models such as free-ships and long-distance cars in the country.

In the first half of the year, the sales of domestic self-owned branded passenger vehicles dropped significantly, which was a year-on-year decline of approximately 7%. However, the overall passenger car market sales increased by about 6% year-on-year. As a result, Geely’s domestic sales fell 9% year-on-year to 182,329 units, which accounted for a share of the domestic auto market dropped from 3.8% in 2011 to 3.5%, reflecting the shift in demand in the Chinese market from self-owned brands and low-priced small cars to other models.

However, Geely's export performance in Eastern Europe, the Middle East and other markets was outstanding. In the first half of the year, the export volume was 40,061 vehicles, which represented a year-on-year increase of 199%, accounting for about 18% of the Group's total sales. According to the Geely Sales Monthly Report, in July this year, Geely Group sold 28,322 vehicles, of which 10,359 were export sales; from January to July, the total sales volume was 250,712, an increase of about 7% year-on-year, reaching About 55% of the annual target of 460,000 vehicles. In the past seven months, Geely's cumulative sales volume was 50,420 units, which accounted for 20.1% of total sales, while exports accounted for only 6.7% of total sales in the same period last year.

The main financial indicators are all year-on-year growth



In the first half of this year, Geely's operating income was RMB 11,173.731 million, compared with RMB 1,053,796.2 million in the same period of last year, which was a year-on-year increase of 6.1%. Gross profit increased by 5.8% from 1,834.345 million yuan to 1,941,106 million yuan. The net profit attributable to owners of the company's equity was 1,109.63 million yuan, compared with 937.764 million yuan in the same period of last year, an increase of 8.7% year-on-year.

Earnings per share were RMB 13.66 points, which was 8.5% over the same period last year (12.59 points). Diluted 12.49 points, an increase of 8.8% from the previous year's 11.48 points.

In the operating revenue for the first half of the year, the automobile and related parts and components business accounted for 10,925.218 million yuan, while the transmission business contributed 586.292 million yuan.